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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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

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))

The full definition of P/B ratio →

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