Paychex (FRA:PCX) Accumulated Depreciation: €-1,136 Mil (As of May. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:PCX Paychex Inc FRA:PCX
94 GF Score
Price €107.12
GF Value €133.63
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Paychex Accumulated Depreciation?

Paychex FRA:PCX +0.81% 94 Accumulated Depreciation is €-1,136 Mil as of May. 2026. GuruFocus rates FRA:PCX with a GF Score™ of 94/100 and a GF Value™ of €133.63 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Paychex's quarterly accumulated depreciation stayed the same from Nov. 2025 (€0 Mil) to Feb. 2026 (€0 Mil) but then increased from Feb. 2026 (€0 Mil) to May. 2026 (€-1,136 Mil).

Paychex's annual accumulated depreciation increased from May. 2024 (€-1,047 Mil) to May. 2025 (€-1,078 Mil) and increased from May. 2025 (€-1,078 Mil) to May. 2026 (€-1,136 Mil).

Paychex Accumulated Depreciation Related Terms

Paychex Accumulated Depreciation Historical Data

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The historical data trend for Paychex's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Paychex Accumulated Depreciation Chart

Paychex Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only Premium Member Only -998.69 -994.70 -1,047.38 -1,077.88 -1,135.83

Paychex Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Accumulated Depreciation Get a 7-Day Free Trial 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 -1,077.88 0.00 0.00 0.00 -1,135.83
FRA:PCX
94GF Score
Paychex Inc FRA:PCX
Accumulated Depreciation is just one metric. See GF Score™, valuation, warning signs, and more.
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Paychex Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

What does a Accumulated Depreciation of €-1,136 Mil mean?
Paychex (FRA:PCX) has a Accumulated Depreciation of €-1,136 Mil as of May. 2026. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Paychex and its competitors.
Is Paychex's Accumulated Depreciation too high?
Paychex's current Accumulated Depreciation is €-1,136 Mil. Overall, Paychex has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paychex's Accumulated Depreciation compare to ADSK and ROP?
Paychex's Accumulated Depreciation of €-1,136 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accumulated Depreciation for a Software company?
A good Accumulated Depreciation depends on the Software industry context. However, Accumulated Depreciation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accumulated Depreciation mean?
A high Accumulated Depreciation can signal that a stock is expensive relative to its fundamentals. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Paychex and its competitors. Paychex's current Accumulated Depreciation is €-1,136 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paychex stock overvalued right now?
Based on GuruFocus' analysis, Paychex (FRA:PCX) is currently considered Modestly Undervalued. The stock's GF Value™ is €133.63, compared to a current price of €107.12 — trading 19.8% below its estimated fair value. The current Accumulated Depreciation is €-1,136 Mil. Paychex's overall GF Score™ is 94/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accumulated Depreciation calculated?
Accumulated Depreciation is calculated from a company's financial statements. For Paychex (FRA:PCX), the current Accumulated Depreciation is €-1,136 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Paychex (FRA:PCX) Overvalued in 2026?

Based on GuruFocus' analysis, Paychex stock appears to be undervalued. The current stock price of €107.12 is trading 19.8% below its estimated GF Value™ of €133.63. GuruFocus considers Paychex to be Modestly Undervalued.

Key valuation signals for FRA:PCX:

  • Accumulated Depreciation: €-1,136 Mil
  • GF Value™: €133.63 vs. price of €107.12 (19.8% below fair value)
  • GF Score™: 94/100 with 5 warning signs

No single metric tells the full story. See the FRA:PCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Paychex Business Description

Address 911 Panorama Trail South, Rochester, NY, USA, 14625-2396
Paychex is a cloud-based human capital management provider offering payroll, compliance, talent management, benefits administration, and retirement services. The firm also provides HR outsourcing services, including professional employer organization, or PEO, offerings, enabling clients to reduce HR overhead. Paychex primarily targets small and midsize businesses, although its acquisition of Paycor in 2025 signals the firm's aspirations to expand into the midmarket segment, serving firms with more than 100 employees. As of fiscal 2025, Paychex has approximately 800,000 clients and manages payroll for one in 11 workers in the United States.
94GF Score

Get the complete analysis for FRA:PCX

Accumulated Depreciation is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€107.12
Price
€133.63
GF Value