Paychex, Inc. (PAYX)
NASDAQ · Industrials · market cap 39.82B
Share price
$116.51
At the last nightly close
Intrinsic value
$182.82
Range $115.71 – $127.26 before any credit for growth. The figure above credits what the franchise record earns, which is why it sits outside that range.
Margin of safety
+56.9%
($182.82 − $116.51) ÷ $116.51
EV / EBIT
33.1
On the median operating profit of 15 fiscal years through 2026.
How these numbers are computed
The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above is the low end of what they agree on.
The frame gives no credit for growth. A company that compounds will therefore read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.
The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.
Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-09-16.
Key metrics
Market position
Annual financials
| Period | Revenue | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|
| 2026-FY | 6.51B | 2.51B | 1.76B | 4.90 | 2.32B |
| 2025-FY | 5.57B | 2.21B | 1.66B | 4.60 | 1.71B |
| 2024-FY | 5.28B | 2.17B | 1.69B | 4.69 | 1.74B |
| 2023-FY | 5.01B | 2.03B | 1.56B | 4.32 | 1.56B |
| 2022-FY | 4.61B | 1.84B | 1.39B | 3.84 | 1.46B |
Filed figures from SEC EDGAR, in the reporting currency.
Next earnings
Recent news
- Paychex (PAYX) Stock Price, News & Analysismarketbeat.com
- PAYX Stock | Paychex, Inc. Q4 2026 Earnings Callyoutube.com
- Paychex (PAYX) Earnings: Latest Report, Earnings Call ...public.com
- Paychex Stock Looks Beaten Down, But Not Brokenfinance.yahoo.com
- Investor Relations :: Paychex, Inc. (PAYX)investor.paychex.com
Headlines link to their source. Sperio does not republish article text.
The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on PAYX.
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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.