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Paychex Shiller PE Ratio

: 34.25 (As of Today)
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As of today (2020-09-22), Paychex's current share price is USD77.06. Paychex's E10 for the quarter that ended in May. 2020 was USD2.25. Paychex's Shiller PE Ratio for today is 34.25.

NAS:PAYX' s Shiller PE Ratio Range Over the Past 10 Years
Min: 19.35   Med: 29.64   Max: 41.91
Current: 34.15

19.35
41.91

During the past years, Paychex's highest Shiller PE Ratio was 41.91. The lowest was 19.35. And the median was 29.64.

NAS:PAYX's Shiller PE Ratio is ranked lower than
74% of the 460 Companies
in the Business Services industry.

( Industry Median: 18.69 vs. NAS:PAYX: 34.15 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Paychex's adjusted earnings per share data for the three months ended in May. 2020 was USD0.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is USD2.25 for the trailing ten years ended in May. 2020.

Shiller PE for Stocks: The True Measure of Stock Valuation


Paychex Shiller PE Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Paychex Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.91 33.01 33.78 41.14 32.18

Paychex Quarterly Data
Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.14 38.48 39.96 34.81 32.18

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Paychex Shiller PE Ratio Distribution

* The bar in red indicates where Paychex's Shiller PE Ratio falls into.



Paychex Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Paychex's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=77.06/2.25
=34.25

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Paychex's E10 for the quarter that ended in May. 2020 is calculated as:

For example, Paychex's adjusted earnings per share data for the three months ended in May. 2020 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of May. 2020 (Change)*Current CPI (May. 2020)
=0.61/108.7673*108.7673
=0.610

Current CPI (May. 2020) = 108.7673.

Paychex Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201008 0.360 92.162 0.425
201011 0.370 92.474 0.435
201102 0.360 94.283 0.415
201105 0.330 95.235 0.377
201108 0.410 95.727 0.466
201111 0.390 95.213 0.446
201202 0.370 96.783 0.416
201205 0.340 96.819 0.382
201208 0.420 97.633 0.468
201211 0.410 96.871 0.460
201302 0.400 98.209 0.443
201305 0.340 98.518 0.375
201308 0.440 98.790 0.484
201311 0.430 98.326 0.476
201402 0.440 99.695 0.480
201405 0.400 100.560 0.433
201408 0.470 100.428 0.509
201411 0.470 99.070 0.516
201502 0.460 99.621 0.502
201505 0.440 100.684 0.475
201508 0.580 100.392 0.628
201511 0.520 99.792 0.567
201602 0.500 100.470 0.541
201605 0.490 101.688 0.524
201608 0.600 101.861 0.641
201611 0.560 101.863 0.598
201702 0.560 102.862 0.592
201705 0.540 103.349 0.568
201708 0.580 104.136 0.606
201711 0.550 104.011 0.575
201802 1.010 105.290 1.043
201805 0.630 106.317 0.645
201808 0.670 106.507 0.684
201811 0.650 105.998 0.667
201902 0.900 107.251 0.913
201905 0.640 108.070 0.644
201908 0.730 108.329 0.733
201911 0.720 108.420 0.722
202002 0.980 108.902 0.979
202005 0.610 108.767 0.610

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Paychex  (NAS:PAYX) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Paychex Shiller PE Ratio Related Terms


Paychex Shiller PE Ratio Headlines

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