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/S ratio

As of 25 September 2026, Paychex, Inc. (PAYX) trades at a P/S ratio of 5.5×. Over the past ten years it has ranged from 4.4× (March 2020) to 11.4× (December 2021); the current reading is higher than 3% of that period. That is above the Software Application industry median of 2.7× and above the Technology sector median of 2.9×.

P/S ratio, daily

Annual

Period P/S ratio Change
FY2026 5.6× (44.55%)
FY2025 10.2× 24.14%
FY2024 8.2× 8.60%
FY2023 7.6× (22.00%)
FY2022 9.7× 8.07%
FY2021 9.0× 40.34%
FY2020 6.4× (21.85%)
FY2019 8.2× 17.19%
FY2018 7.0× 3.13%
FY2017 6.8× 2.02%

Quarterly

Period P/S ratio Change
Aug 2026 6.9× 21.55%
May 2026 5.6× 5.77%
Feb 2026 5.3× (18.93%)
Nov 2025 6.6× (22.09%)
43 more quarters

Against its own ten years

Low 4.4× High 11.4×
Ten-year median 7.7×
Current reading's percentile 3

P/S ratio against peers

Company P/S ratio
SSNC SS&C Technologies Holdings, Inc. compare 2.9×
ROP Roper Technologies, Inc. compare 4.3×
WDAY Workday, Inc. compare 4.6×
ZM Zoom Communications, Inc. compare 5.3×
PAYX Paychex, Inc. 5.5×
ADSK Autodesk, Inc. compare 5.6×
TEAM Atlassian Corporation PLC compare 7.4×
FICO Fair Isaac Corporation compare 8.2×
MSTR Strategy Inc compare 112×
Software Application industry median 2.7×
Technology sector median 2.9×
Market median 2.0×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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