SharesGrow 7-Criteria Score
All 7 criteria scored · valuation-related highlighted on this page
Paychex, Inc. (PAYX) trades at a trailing P/E of 19.4, forward P/E of 16.2. Trailing earnings yield is 5.17%, forward earnings yield 6.18%. PEG 0.81 (Peter Lynch undervalued ≤1.0). Graham Number is $33.83.
Criteria proven by this page:
- VALUE (48/100, Partial) — mixed signals — some valuation metrics are favorable while others are stretched.
- Forward P/E 16.2 (down from trailing 19.4) — analysts expect earnings to grow, which would improve the valuation.
- PEG Ratio 0.81 — below 1.0 suggests the stock is undervalued relative to its earnings growth rate (Peter Lynch criterion).
- Trailing Earnings Yield 5.17% — exceeds typical bond yields (~4.3%), making equity attractive vs fixed income. Forward yield improves to 6.18% as earnings recover.
- Analyst consensus target $114.43 (+28.8% upside) — significant upside potential according to Wall Street analysts.
Overall SharesGrow Score: 70/100 with 4/7 criteria passed.
SharesGrow 7-Criteria Score
~
VALUE
48/100
Price-to-Earnings & upside
Proven by this page
~
HEALTH
67/100
Debt-to-Equity & liquidity
→ Health
Valuation Snapshot — PAYX
Valuation Multiples
P/E (TTM)19.4
Forward P/E16.2
PEG Ratio0.81
Forward PEG0.81
P/B Ratio7.89
P/S Ratio4.99
EV/EBITDA12.4
Per Share Data
EPS (TTM)$4.55
Forward EPS (Est.)$5.50
Book Value / Share$11.17
Revenue / Share$17.62
FCF / Share$5.99
Yields & Fair Value
Earnings Yield5.17%
Forward Earnings Yield6.18%
Dividend Yield4.90%
Graham Number$33.83
SharesGrow IV$164.22 (+84.8%)
Analyst Target$114.43 (+28.8%)
Historical Valuation
| Year |
P/E (TTM) |
PEG Ratio |
P/B Ratio |
P/S Ratio |
Dividend Yield |
| 2016 |
25.8 |
2.00 |
10.23 |
6.63 |
3.10% |
| 2017 |
26.1 |
3.22 |
10.90 |
6.76 |
3.11% |
| 2018 |
25.2 |
1.73 |
11.63 |
6.96 |
3.14% |
| 2019 |
29.8 |
2.77 |
11.76 |
8.17 |
2.68% |
| 2020 |
23.5 |
3.76 |
9.27 |
6.38 |
3.45% |
| 2021 |
33.1 |
-101.34 |
12.33 |
8.96 |
2.50% |
| 2022 |
32.1 |
1.21 |
14.47 |
9.68 |
2.24% |
| 2023 |
24.3 |
2.04 |
10.83 |
7.55 |
3.11% |
| 2024 |
25.6 |
2.99 |
11.39 |
8.20 |
3.04% |
| 2025 |
34.3 |
-17.88 |
13.78 |
10.21 |
2.55% |
P/E Ratio & Earnings Yield
Earnings Per Share (EPS) History
| Year |
EPS (Diluted) |
Revenue |
Net Income |
Net Margin |
| 2016 |
$2.09 |
$2.95B |
$756.8M |
25.6% |
| 2017 |
$2.25 |
$3.15B |
$817.3M |
25.9% |
| 2018 |
$2.58 |
$3.38B |
$933.7M |
27.6% |
| 2019 |
$2.86 |
$3.77B |
$1.03B |
27.4% |
| 2020 |
$3.04 |
$4.04B |
$1.1B |
27.2% |
| 2021 |
$3.03 |
$4.06B |
$1.1B |
27.1% |
| 2022 |
$3.84 |
$4.61B |
$1.39B |
30.2% |
| 2023 |
$4.30 |
$5.01B |
$1.56B |
31.1% |
| 2024 |
$4.67 |
$5.28B |
$1.69B |
32% |
| 2025 |
$4.58 |
$5.57B |
$1.66B |
29.7% |
Analyst Estimates
| Year |
EPS (Avg) |
EPS Range |
Revenue (Avg) |
Revenue Range |
Analysts |
| 2026 |
$5.50 |
$5.48 – $5.51 |
$6.51B |
$6.49B – $6.54B |
12 |
| 2027 |
$5.91 |
$5.73 – $6.01 |
$6.86B |
$6.78B – $6.97B |
12 |
| 2028 |
$6.30 |
$5.97 – $6.48 |
$7.24B |
$7.23B – $7.24B |
8 |
