Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 22.66.
Forward PE Ratio (22.66) = Close Price ($124.48) / Consensus Forward EPS ($5.49)
FORWARD PE RATIO
22.66
SECTOR MEDIAN · INDUSTRIALS
24.18
median of 120 covered companies
CURRENT VS SECTOR MEDIAN
-6.31%
vs the sector median at left
Paychex, Inc.
Market Cap
$44.27B
Forward PE Ratio
22.66
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Paychex, Inc. (PAYX) | $44.27B | 22.66 |
| Ferrovial SE (FER)vs › | $45.58B | 63.00 |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $42.94B | 35.49 |
| Thomson Reuters Corporation (TRI)vs › | $46.07B | 23.44 |
| Rocket Lab USA, Inc. (RKLB)vs › | $42.01B | N/A |
| Rockwell Automation, Inc. (ROK)vs › | $48.64B | 33.08 |
| L3Harris Technologies, Inc. (LHX)vs › | $49.67B | 25.05 |
| Carrier Global Corporation (CARR)vs › | $49.76B | 20.85 |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $50.26B | 27.39 |
| HEICO Corporation (HEI-A)vs › | $50.27B | 42.71 |
Trailing P/E
25.5
reported TTM EPS
Forward P/E
22.7
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $5.49 implies +12.5% EPS growth vs the reported trailing $4.88.
At today's $124.48 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2027-05-31 | $5.97 | $5.93 – $6.01 | 12 | 20.9x |
| 2028-05-31 | $6.41 | $6.15 – $6.52 | 10 | 19.4x |
| 2029-05-31 | $6.81 | $6.74 – $6.93 | 3 | 18.3x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
