PE Ratio: 23.94

Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.

Is the P/E ratio high or low?

The P/E ratio of 23.94 is 18% below its 5-year average of 29.10, near the low end of its 5-year range (18.89–38.92).

As of Sunday, August 2, 2026. 1.83% below its 12-month average of 24.39.

PE Ratio (23.94) = Close Price ($116.84) / Diluted TTM EPS ($4.88)

PAYX PE Ratio Metrics

P/E vs. its own history

At 23.9, P/E is cheaper than usual, sitting higher than 30% of its 20-year history.

P/E Comparison

PE Ratio Formula & Definition

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

PE Ratio FAQ

What is the P/E ratio for Paychex, Inc. (PAYX)?

The P/E ratio for PAYX stock is 23.94.

Is Paychex, Inc.'s P/E ratio high or low?

The P/E ratio of 23.94 is 18% below its 5-year average of 29.10, near the low end of its 5-year range (18.89–38.92).

What is the TTM average P/E ratio for Paychex, Inc. (PAYX)?

The TTM average P/E ratio for PAYX stock is 24.39.

What is the 3Y average P/E ratio for Paychex, Inc. (PAYX)?

The 3Y average P/E ratio for PAYX stock is 27.23.

What is the 5Y average P/E ratio for Paychex, Inc. (PAYX)?

The 5Y average P/E ratio for PAYX stock is 29.11.

What is the 10Y average P/E ratio for Paychex, Inc. (PAYX)?

The 10Y average P/E ratio for PAYX stock is 28.35.

What is the 15Y average P/E ratio for Paychex, Inc. (PAYX)?

The 15Y average P/E ratio for PAYX stock is 26.79.

What is the 20Y average P/E ratio for Paychex, Inc. (PAYX)?

The 20Y average P/E ratio for PAYX stock is 26.18.

Showing the most recent 260 of 5,032 data points. The chart above shows the full history.

Related Metrics