A proportional throttle valve includes a valve piston (2) displaceably guided in the longitudinal direction in a valve housing (3) having a fluid inlet (4) and a fluid outlet (5) and pretensioned by an energy accumulator, in particular in the form a pressure spring, against a stroke stop (6) defining the closure position. A pressure limiting valve (7) is integrated in the proportional throttle valve (1). The side (8) of the valve piston (2) to allow the piston to move away from the stroke stop (6) in opposition to the pretensioning force when a predefinable pressure is exceeded at the fluid inlet (4).