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PAYX Paychex PE ratio, current and historical analysis

The P/E ratio for Paychex stock stands at 27.21 as of Jun 18, 2024. This is calculated based on the TTM EPS of $4.61 and the stock price of $125.46 per share. An increase of 3.2% has been observed in the PE ratio compared to its average of 26.4 of the past four quarters.

PAYX PE ratio history

How has PAYX's PE ratio performed in the past

Over the last ten years, the average PE ratio of Paychex has been 27.54. The current 27.21 price-to-earnings ratio is in line with 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.

Average
27.54
Median
26.98
Minimum
22.56
Maximum
33.77

Paychex PE ratio by year

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 average PE ratio chart

What is the average PE ratio of PAYX for the past years

PAYX's current PE ratio is under its 3, 5 and 10-year averages.

3-year avg
29.5
5-year avg
29.04
10-year avg
27.54
15-year avg
25.68

PAYX PE vs peers

What is PAYX's PE ratio compared to its peers

PAYX's PE ratio is less than its peer stocks INTU and EFX, but it is above ADP's and NSP's. Paychex's current PE ratio of 27.21 is less than the average of its peers, which is 39.65.

Stock name PE ratio Market cap
NSP Insperity Inc 22.8 $3.56B
ADP Automatic Data Processing Inc 27.22 $100.39B
PAYX Paychex Inc 27.24 $45.2B
EFX Equifax Inc 52.87 $29.6B
INTU Intuit Inc 55.71 $170.85B

Frequently asked questions

What is Paychex's PE ratio?

The price to earnings ratio for PAYX stock as of Jun 18, 2024, stands at 27.21.

What is the 3-year average PE ratio for Paychex (PAYX)?

Over the last 3 years, the average PE ratio for PAYX stock is 29.5.

What is the 5-year average PE ratio for Paychex (PAYX)?

Over the last 5 years, the average PE ratio for PAYX stock is 29.04.

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 1.2% lower 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 (Jun 18, 2024), Paychex's share price is $125.46. 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 27.21. PE RATIO(27.21) = STOCK PRICE($125.46) / TTM EPS($4.61)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.