Back to PAYX overview
#
PAYX Paychex
PE ratio, current and historical analysis

## PAYX PE ratio history

### Paychex PE ratio by year

## PAYX average PE ratio chart

## PAYX PE vs peers

## Frequently asked questions

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What is Paychex's PE ratio?

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

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

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What is the highest PE ratio for PAYX?

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How does the current PE ratio for PAYX compare to its historical average?

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How is PAYX's PE ratio calculated (Paychex PE ratio formula)?

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.

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

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% |

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

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 |

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

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

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

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 1.2% 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 (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.