US · PAYX
Paychex, Inc.
- Sector
- Industrials · Staffing & Employment Services
- Headquarters
- Rochester, NY 14625-2396
- Website
- paychex.com
Price · as of 2025-05-31
$93.02
Market cap 33.62B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $101.06 | +8.64% |
| Intrinsic Value(DCF) | $96.55 | +3.79% |
| Graham-Dodd Method(GD) | — | — |
| Graham Formula(GF) | $62.05 | -33.29% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $16.97 | $35.67 | $11.72 | $0.00 | $17.30 |
| 2012 | $21.66 | $38.62 | $12.06 | $0.00 | $22.42 |
| 2013 | $27.41 | $40.86 | $11.25 | $0.00 | $19.30 |
| 2014 | $29.02 | $43.63 | $19.18 | $0.00 | $27.50 |
| 2015 | $34.56 | $47.41 | $23.79 | $0.00 | $30.77 |
| 2016 | $44.52 | $53.06 | $29.35 | $0.00 | $32.71 |
| 2017 | $42.01 | $53.41 | $33.93 | $0.00 | $33.24 |
| 2018 | $56.80 | $62.13 | $35.84 | $0.00 | $39.06 |
| 2019 | $68.95 | $69.63 | $39.50 | $0.00 | $55.37 |
| 2020 | $62.65 | $67.20 | $36.06 | $0.00 | $46.00 |
| 2021 | $101.14 | $80.50 | $21.52 | $0.00 | $25.96 |
| 2022 | $115.58 | $91.22 | $42.76 | $0.00 | $81.65 |
| 2023 | $115.12 | $92.03 | $51.48 | $0.00 | $70.68 |
| 2024 | $117.70 | $93.87 | $55.44 | $0.00 | $62.38 |
| 2025 | $138.40 | $101.06 | $41.77 | $0.00 | $62.05 |
AI valuation
Our deep-learning model estimates Paychex, Inc.'s (PAYX) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $101.06
- Current price
- $93.02
- AI upside
- +8.64%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$96.55
+3.79% upside
Graham-Dodd
—
— upside
Graham Formula
$62.05
-33.29% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| PAYX | Paychex, Inc. | $93.02 | 33.62B | +9% | +4% | — | -33% | 30.08 | 12.08 | 8.95 | 21.36 | — | -21.36 | 72.35% | 39.62% | 29.74% | 41.80% | 31.57% | 12.30% | 1.22 | 20.95 | 1.28 | 0.52 | 1.36 | -193.00% | 556.00% | 132.00% | 3.53% | 0.28 | 33.03% | 2.91% | 87.40% | 3.12% | 24.10 | 30.25 | 9.55 | 3.52 |
| AME | AMETEK, Inc. | $239.22 | 55.07B | -40% | -53% | -88% | -61% | 37.59 | 5.24 | 7.52 | 30.58 | 474.33 | -43.12 | 36.38% | 26.15% | 20.00% | 14.59% | 13.24% | 9.64% | 0.21 | 23.82 | 1.06 | 0.55 | 0.97 | 793.00% | 663.00% | -178.00% | 3.00% | 0.63 | 13.89% | 0.51% | 19.30% | 1.52% | 29.69 | 34.38 | 7.77 | 7.01 |
| DAL | Delta Air Lines, Inc. | $65.70 | 42.91B | -43% | -41% | -31% | +27% | 8.32 | 2.01 | 0.66 | 7.27 | 19.03 | 8.27 | 22.84% | 9.19% | 7.90% | 27.78% | 12.99% | 6.40% | 1.02 | 8.57 | 0.40 | 0.26 | 2.09 | 4371.00% | 279.00% | 3314.00% | 9.23% | 0.30 | 10.59% | 1.06% | 8.80% | 8.09% | 10.03 | 15.21 | 0.92 | 1.41 |
| FER | Ferrovial SE | $74.38 | 53.6B | -15% | -40% | -84% | -75% | 51.77 | 7.78 | 4.78 | 26.26 | — | 8.56 | 88.32% | 12.23% | 9.22% | 14.82% | 9.34% | 3.15% | 1.82 | 2.69 | 1.13 | 0.99 | 3.25 | -7230.00% | 525.00% | 6298.00% | 3.78% | 0.30 | 13.80% | 0.34% | 17.60% | 1.93% | 44.57 | 30.17 | 5.45 | 2.07 |
| FERG | Ferguson plc | $260.76 | 50.99B | -38% | -65% | -90% | -58% | 24.71 | 7.86 | 1.49 | 16.72 | 266.77 | 17.36 | 30.67% | 8.47% | 6.03% | 32.42% | 18.41% | 10.82% | 1.02 | 13.72 | 1.68 | 0.77 | 1.73 | 926.00% | 380.00% | 680.00% | 3.50% | 0.32 | 14.78% | 1.07% | 26.30% | 3.13% | 19.63 | 31.91 | 1.66 | 5.35 |
| GWW | W.W. Grainger, Inc. | $1,144.73 | 54.43B | -32% | -57% | -90% | -61% | 30.53 | 13.33 | 3.08 | 20.89 | — | 15.70 | 39.06% | 15.00% | 9.51% | 48.22% | 32.76% | 20.32% | 0.76 | 33.22 | 2.83 | 1.50 | 0.93 | -855.00% | 451.00% | -1522.00% | 2.41% | 1.04 | 21.78% | 0.85% | 25.80% | 2.74% | 21.47 | 43.40 | 3.22 | 10.34 |
| HEI | HEICO Corporation | $319.46 | 44.46B | -37% | -30% | -92% | -63% | 65.92 | 11.41 | 10.96 | 41.92 | 196.68 | -59.37 | 39.83% | 22.72% | 15.39% | 18.77% | 14.16% | 9.27% | 0.51 | 7.85 | 2.83 | 1.17 | 1.62 | 3351.00% | 1626.00% | 4027.00% | 1.75% | 1.12 | 14.35% | 0.07% | 4.30% | 0.34% | 50.17 | 59.35 | 11.40 | 8.89 |
| OTIS | Otis Worldwide Corporatio… | $92.56 | 36.07B | -17% | -59% | — | -65% | 25.33 | -6.84 | 2.55 | 19.29 | — | -4.96 | 30.28% | 14.78% | 9.59% | -28.42% | 83.23% | 13.25% | -1.62 | 10.88 | 0.85 | 0.72 | 3.32 | -1400.00% | 119.00% | 49.00% | 3.92% | 0.21 | 74.90% | 1.76% | 44.50% | 3.95% | 20.87 | 30.82 | 3.08 | 3.22 |
| ROK | Rockwell Automation, Inc. | $407.45 | 45.81B | -37% | -59% | — | -83% | 60.62 | 12.43 | 5.44 | 34.75 | — | -43.28 | 48.14% | 17.06% | 10.42% | 20.94% | 16.67% | 6.67% | 1.00 | 9.12 | 1.14 | 0.70 | 2.27 | -737.00% | 97.00% | 11249.00% | 2.99% | 0.45 | 19.48% | 1.30% | 78.90% | 3.20% | 34.14 | 35.78 | 5.82 | 5.52 |
| ROP | Roper Technologies, Inc. | $349.73 | 37.64B | +23% | -52% | -98% | -19% | 24.70 | 1.91 | 4.80 | 14.98 | — | -3.38 | 69.24% | 28.29% | 19.44% | 7.93% | 6.42% | 4.66% | 0.47 | 6.88 | 0.52 | 0.42 | 2.87 | -105.00% | 1226.00% | 712.00% | 6.57% | 0.68 | 9.03% | 0.94% | 23.10% | 2.25% | 21.00 | 18.83 | 5.94 | 2.63 |
| WCN | Waste Connections, Inc. | $172.13 | 44B | -37% | -59% | -100% | -65% | 40.44 | 5.38 | 4.66 | 17.83 | 53.99 | -20.61 | 38.96% | 18.13% | 11.37% | 13.62% | 7.75% | 5.34% | 1.14 | 5.19 | 0.62 | 0.53 | 3.11 | 7490.00% | 655.00% | 581.00% | 2.80% | 1.16 | 7.35% | 0.77% | 31.00% | 1.93% | 31.14 | 43.23 | 5.64 | 3.06 |
About Paychex, Inc.
Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.
- CEO
- John Gibson Jr.
- Employees
- 16.5K
- Beta
- 0.89
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($96.55 ÷ $93.02) − 1 = +3.79% (DCF, example).