Paychex, Inc. PAYX
- Market cap
- $36.0B
- P/E
- 20.1×
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Paychex, Inc. (PAYX) EV/EBITDA
As of 25 September 2026, Paychex, Inc. (PAYX) trades at a EV/EBITDA of 12.5×. Over the past ten years it has ranged from 9.4× (March 2020) to 23.2× (December 2021); the current reading is higher than 7% of that period. That is below the Software Application industry median of 14.4× and below the Technology sector median of 15.7×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2026 | 12.7× | (43.36%) |
| FY2025 | 22.4× | 35.59% |
| FY2024 | 16.5× | 9.36% |
| FY2023 | 15.1× | (22.61%) |
| FY2022 | 19.5× | 1.78% |
| FY2021 | 19.2× | 42.10% |
| FY2020 | 13.5× | (22.14%) |
| FY2019 | 17.3× | 24.92% |
| FY2018 | 13.9× | 7.05% |
| FY2017 | 13.0× | (9.69%) |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Aug 2026 | 15.4× | 21.54% |
| May 2026 | 12.7× | 3.41% |
| Feb 2026 | 12.3× | (18.90%) |
| Nov 2025 | 15.1× | (20.43%) |
| 43 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| MSTR Strategy Inc compare | n/m |
| SSNC SS&C Technologies Holdings, Inc. compare | 11.4× |
| ZM Zoom Communications, Inc. compare | 12.1× |
| PAYX Paychex, Inc. | 12.5× |
| ADSK Autodesk, Inc. compare | 14.4× |
| ROP Roper Technologies, Inc. compare | 14.4× |
| FICO Fair Isaac Corporation compare | 19.9× |
| WDAY Workday, Inc. compare | 26.1× |
| TEAM Atlassian Corporation PLC compare | 322× |
| Software Application industry median | 14.4× |
| Technology sector median | 15.7× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on PAYX
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement