Paychex, Inc. PAYX
101.37
(0.22)
(0.22%)
as of 25 Sep
- Market cap
- $36.0B
- P/E
- 20.1×
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S&P 500 Member
Dividend Champion (10y)
Cash Flow Champion (5y)
Revenue Champion (10y)
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Paychex, Inc. (PAYX) P/B ratio
As of 25 September 2026, Paychex, Inc. (PAYX) trades at a P/B ratio of 9.7×. Over the past ten years it has ranged from 6.5× (March 2020) to 16.3× (August 2022); the current reading is higher than 14% of that period. That is above the Software Application industry median of 3.0× and above the Technology sector median of 3.0×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2026 | 9.8× | (28.38%) |
| FY2025 | 13.7× | 20.66% |
| FY2024 | 11.4× | 5.21% |
| FY2023 | 10.8× | (25.20%) |
| FY2022 | 14.5× | 17.39% |
| FY2021 | 12.3× | 32.95% |
| FY2020 | 9.3× | (21.17%) |
| FY2019 | 11.8× | 17.76% |
| FY2018 | 10.0× | (8.35%) |
| FY2017 | 10.9× | 6.54% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Aug 2026 | 12.2× | 24.22% |
| May 2026 | 9.8× | 16.86% |
| Feb 2026 | 8.4× | (17.73%) |
| Nov 2025 | 10.2× | (16.96%) |
| 43 more quarters | Free account |
Against its own ten years
Low 6.5×
High 16.3×
Ten-year median
11.5×
Current reading's percentile
14
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| FICO Fair Isaac Corporation compare | n/m |
| MSTR Strategy Inc compare | 1.8× |
| ROP Roper Technologies, Inc. compare | 1.9× |
| ZM Zoom Communications, Inc. compare | 2.3× |
| SSNC SS&C Technologies Holdings, Inc. compare | 2.8× |
| WDAY Workday, Inc. compare | 7.2× |
| PAYX Paychex, Inc. | 9.7× |
| ADSK Autodesk, Inc. compare | 13.0× |
| TEAM Atlassian Corporation PLC compare | 46.1× |
| Software Application industry median | 3.0× |
| Technology sector median | 3.0× |
| Market median | 1.8× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
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
- Price to free cash flow
- EV/EBITDA
- 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