P/E ratio for Paychex (PAYX)
P/E ratio as of June 2023 (TTM): 26.8
According to Paychex's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.7734. At the end of 2021 the company had a P/E ratio of 38.5.
P/E ratio history for Paychex from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 38.5 | 22.14% |
| 2020 | 31.5 | 11.03% |
| 2019 | 28.4 | 17.5% |
| 2018 | 24.1 | -17.42% |
| 2017 | 29.2 | 3.19% |
| 2016 | 28.3 | 7.61% |
| 2015 | 26.3 | 2.02% |
| 2014 | 25.8 | -8.23% |
| 2013 | 28.1 | 39.17% |
| 2012 | 20.2 | -0.07% |
| 2011 | 20.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Automatic Data Processing ADP | 27.4 | 2.26% | 🇺🇸 USA |
 Equifax EFX | 46.7 | 74.60% | 🇺🇸 USA |
 Intuit INTU | 62.6 | 133.75% | 🇺🇸 USA |
 Insperity
NSP | 23.6 | -11.74% | 🇺🇸 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.