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Paychex, Inc.

PAYX Technology Software Application

Paychex, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $6.5 billion, up 16.9% from fiscal 2025. In the quarter to August 2026, revenue grew 5.88%, EPS grew 13.1%, free cash flow fell 46.1% and total debt fell 8.27%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for five; insiders bought in the last twelve months.

111.63 0.85 +0.77%
Market cap
$39.4B
P/E
22.1×
Fwd P/E
17.9×
Dividend yield
4.07%
F-score
6/9
Altman Z
2.88
Beneish M
−2.65
Dividend safety
60/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Paychex, Inc. (PAYX) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Paychex, Inc. (PAYX) trades at a P/B ratio of 10.7×. Over the past ten years it has ranged from 6.5× (March 2020) to 16.3× (August 2022); the current reading is higher than 33% of that period. That is above the Software Application industry median of 2.6× and above the Technology sector median of 2.7×.

P/B ratio, daily

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Annual newest first

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 newest first

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

Against its own ten years

Low 6.5× High 16.3×
Ten-year median 11.5×
Current reading's percentile 27

P/B ratio against peers

Company P/B ratio
MSTR Strategy Inc compare 1.6×
ROP Roper Technologies, Inc. compare 2.1×
ZM Zoom Communications, Inc. compare 2.4×
SSNC SS&C Technologies Holdings, Inc. compare 3.0×
PTC PTC Inc. compare 6.4×
WDAY Workday, Inc. compare 7.2×
PAYX Paychex, Inc. 10.7×
ADSK Autodesk, Inc. compare 14.9×
TEAM Atlassian Corporation PLC compare 50.6×
Software Application industry median 2.6×
Technology sector median 2.7×
Market median 1.7×

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))

The full definition of P/B ratio →

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