Paychex
PAYX
#422
Rank
$44.27 B
Marketcap
$122.45
Share price
-0.45%
Change (1 day)
11.76%
Change (1 year)

P/E ratio for Paychex (PAYX)

P/E ratio as of April 2024 (TTM): 27.6

According to Paychex's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.6411. At the end of 2022 the company had a P/E ratio of 28.5.

P/E ratio history for Paychex from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202228.5-25.98%
202138.522.14%
202031.511.03%
201928.417.5%
201824.1-19.19%
201729.95.45%
201628.37.61%
201526.32.02%
201425.8-8.23%
201328.139.17%
201220.2-0.07%
201120.2-11.09%
201022.71.62%
200922.432.76%
200816.8-33.02%
200725.2-14.76%
200629.5-14.08%
200534.3-16.21%
200441.0-11.86%
200346.526.67%
200236.7-23.1%
200147.7

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
28.9 4.50%๐Ÿ‡บ๐Ÿ‡ธ USA
57.2 106.78%๐Ÿ‡บ๐Ÿ‡ธ USA
72.0 160.53%๐Ÿ‡บ๐Ÿ‡ธ USA
21.0-24.01%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.