Is the price fair?
What PAYX's price assumes
Paychex trades at 25.5× earnings against 32.3× for the median Software - Application name, cheaper than its own group.
25.5
Trailing P/E · Software - Application median 32.3 · cheaper than the typical name in its group
- Price / sales
- 5.25
Price / sales · as of 2026-Q1
- Free cash flow yield
- 6.6%
Free cash flow yield · Software - Application median 6.7%
- Growth the price implies
- +2.0%
Growth the price implies · The price pays for +2.0% free cash flow growth a year for a decade; the business has delivered +14% a year over the last three.
Details›
- Price / book2026-Q1
- 8.28
- EV / EBIT2026-Q1
- 15.6
- EV / sales2026-Q1
- 5.76
- Technology median P/E376 names
- 37.0
- Software - Application median P/E93 names
- 32.3
- Free cash flow, trailing twelve months
- $2.32B
- Market capitalisation
- $35.2B
- 3-year revenue growth
- +9.2%
- 3-year free cash flow growth
- +14%
| Method | Per share |
|---|---|
| Its own P/E history, lower quartile | $106.04 |
| Its own P/E history, median | $118.89 |
| Its own P/E history, upper quartile | $134.34 |
| 52-week range | $84.48 – $136.64 |
| Today | $124.86 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
Software - Application
Ranks #10 of 90 by Smart Score