Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 20.67 as of Saturday, July 25, 2026.
Forward PE Ratio (20.67) = Close Price ($113.55) / Consensus Forward EPS ($5.49)
FORWARD PE RATIO
20.67
SECTOR MEDIAN · TECHNOLOGY
25.86
median of 150 covered companies
CURRENT VS SECTOR MEDIAN
-20.07%
vs the sector median at left
Paychex, Inc.
Market Cap
$40.39B
Forward PE Ratio
20.67
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Paychex, Inc. (PAYX) | $40.39B | 20.67 |
| Credo Technology Group Holding Ltd (CRDO)vs › | $39.75B | 64.49 |
| CoreWeave, Inc. Class A Common Stock (CRWV)vs › | $39.22B | N/A |
| Microchip Technology Incorporated (MCHP)vs › | $42.82B | N/A |
| Take-Two Interactive Software, Inc. (TTWO)vs › | $43.01B | 59.27 |
| Roper Technologies, Inc. (ROP)vs › | $37.07B | 16.67 |
| Autodesk, Inc. (ADSK)vs › | $44.29B | 20.49 |
| Coherent, Inc. (COHR)vs › | $44.78B | 51.75 |
| Nebius Group N.V. (NBIS)vs › | $45.06B | N/A |
| Workday, Inc. (WDAY)vs › | $35.45B | 14.90 |
Trailing P/E
23.3
reported TTM EPS
Forward P/E
20.7
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 $113.55 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 | 19.0x |
| 2028-05-31 | $6.41 | $6.16 – $6.52 | 10 | 17.7x |
| 2029-05-31 | $6.83 | $6.76 – $6.94 | 3 | 16.6x |
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
