The P/E ratio for Paychex stock stands at 25.55 as of Apr 18, 2024. This is calculated based on the TTM EPS of $4.61 and the stock price of $117.79 per share. A decrease of 3.1% has been observed in the PE ratio compared to its average of 26.4 of the past four quarters.
Over the last ten years, the average PE ratio of Paychex has been 27.45. The current 25.55 price-to-earnings ratio is 7% less 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.
Maximum annual increase: 40.39% in 2021
Maximum annual decrease: -24.28% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 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% |
| 2014 | 23.9 | 0.13% |
PAYX's current PE ratio is under its 3, 5 and 10-year averages.
PAYX's PE ratio is less than its peer stocks INTU and ADP, but it is above NSP's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NSP Insperity Inc | 23.85 | $4.03B |
| PAYX Paychex Inc | 25.87 | $42.93B |
| ADP Automatic Data Processing Inc | 28.17 | $100B |
| EFX Equifax Inc | 48.14 | $26.5B |
| INTU Intuit Inc | 61.37 | $169.75B |
The price to earnings ratio for PAYX stock as of Apr 18, 2024, stands at 25.55.
Over the last 3 years, the average PE ratio for PAYX stock is 29.8.
Over the last 5 years, the average PE ratio for PAYX stock is 29.08.
The highest quarterly PE ratio in the last ten years has been 33.77 and it was in the Aug 2021 quarter.
The current PE ratio of PAYX is 7% lower than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 18, 2024), Paychex's share price is $117.79. The company's earnings per share for the trailing twelve months (TTM) ending Feb 2024 is $4.61. Therefore, Paychex's price to earnings ratio for today is 25.55. PE RATIO(25.55) = STOCK PRICE($117.79) / TTM EPS($4.61)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.