PAYX Paychex PE ratio, current and historical analysis
The P/E ratio for Paychex stock stands at 30.53 as of Nov 21, 2024. This is calculated based on the TTM EPS of $4.72 and the stock price of $144.09 per share. An increase of 14% has been observed in the PE ratio compared to its average of 26.8 of the past four quarters.
PAYX PE ratio history
Over the last ten years, the average PE ratio of Paychex has been 27.59. The current 30.53 price-to-earnings ratio is 11% more than the historical average. Analyzing the last ten years, PAYX's PE ratio reached its highest point in the Aug 2021 quarter at 33.77, with a price of $114.47 and an EPS of $3.39. The Aug 2015 quarter saw the lowest point at 22.56, with a price of $44.66 and an EPS of $1.98.
Paychex PE ratio by year
Maximum annual increase: 40.39% in 2021
Maximum annual decrease: -24.28% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 25.62 | 5.48% |
| 2023 | 24.29 | -24.28% |
| 2022 | 32.08 | -3.26% |
| 2021 | 33.16 | 40.39% |
| 2020 | 23.62 | -20.71% |
| 2019 | 29.79 | 25.8% |
| 2018 | 23.68 | -8.04% |
| 2017 | 25.75 | -0.27% |
| 2016 | 25.82 | -2.79% |
| 2015 | 26.56 | 11.13% |
PAYX average PE ratio chart
PAYX's current PE ratio is higher than the 3, 5 and 10-year averages.
PAYX PE vs peers
PAYX's PE ratio is less than its peer stocks INTU and ADP, but it is above NSP's. Paychex's current PE ratio of 30.53 is less than the average of its peers, which is 43.85.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NSP Insperity Inc | 23.15 | $2.76B |
| PAYX Paychex Inc | 30.53 | $51.86B |
| ADP Automatic Data Processing Inc | 32.4 | $124.1B |
| EFX Equifax Inc | 55.7 | $31.35B |
| INTU Intuit Inc | 65.13 | $190.06B |
Frequently asked questions
What is Paychex's PE ratio?
The price to earnings ratio for PAYX stock as of Nov 21, 2024, stands at 30.53.
What is the 3-year average PE ratio for Paychex (PAYX)?
Over the last 3 years, the average PE ratio for PAYX stock is 28.68.
What is the 5-year average PE ratio for Paychex (PAYX)?
Over the last 5 years, the average PE ratio for PAYX stock is 28.87.
What is the highest PE ratio for PAYX?
The highest quarterly PE ratio in the last ten years has been 33.77 and it was in the Aug 2021 quarter.
How does the current PE ratio for PAYX compare to its historical average?
The current PE ratio of PAYX is 11% higher than the 10-year historical average.
How is PAYX's PE ratio calculated (Paychex PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Nov 21, 2024), Paychex's share price is $144.09. The company's earnings per share for the trailing twelve months (TTM) ending Aug 2024 is $4.72. Therefore, Paychex's price to earnings ratio for today is 30.53. PE RATIO(30.53) = STOCK PRICE($144.09) / TTM EPS($4.72)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.