Paychex (FRA:PCX) Beginning Cash Position: €2,502 Mil (As of May. 2026)

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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
85 GF Score
Price €95.48
GF Value €135.93
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Paychex Beginning Cash Position?

Paychex FRA:PCX +0.13% 85 Beginning Cash Position is €2,502 Mil as of May. 2026. GuruFocus rates FRA:PCX with a GF Score™ of 85/100 and a GF Value™ of €135.93 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Paychex's Beginning Cash Position for the quarter that ended in May. 2026 was €2,502 Mil.

Paychex's quarterly Beginning Cash Position increased from Nov. 2025 (€1,414 Mil) to Feb. 2026 (€1,585 Mil) and increased from Feb. 2026 (€1,585 Mil) to May. 2026 (€2,502 Mil).

Paychex's annual Beginning Cash Position declined from May. 2024 (€1,975 Mil) to May. 2025 (€1,683 Mil) but then increased from May. 2025 (€1,683 Mil) to May. 2026 (€2,341 Mil).

Paychex Beginning Cash Position Related Terms

Paychex Beginning Cash Position Historical Data

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The historical data trend for Paychex's Beginning Cash Position 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 Beginning Cash Position Chart

Paychex Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,724.65 854.13 1,974.78 1,682.64 2,340.56

Paychex Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Beginning Cash Position 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 2,122.86 2,348.76 1,413.93 1,584.90 2,501.75
FRA:PCX
85GF Score
Paychex Inc FRA:PCX
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
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Paychex Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of €2,502 Mil mean?
Paychex (FRA:PCX) has a Beginning Cash Position of €2,502 Mil as of May. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Paychex and its competitors.
Is Paychex's Beginning Cash Position too high?
Paychex's current Beginning Cash Position is €2,502 Mil. Overall, Paychex has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paychex's Beginning Cash Position compare to ROP and WDAY?
Paychex's Beginning Cash Position of €2,502 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 Beginning Cash Position for a Software company?
A good Beginning Cash Position depends on the Software industry context. However, Beginning Cash Position 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 Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Paychex and its competitors. Paychex's current Beginning Cash Position is €2,502 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 Significantly Undervalued. The stock's GF Value™ is €135.93, compared to a current price of €95.48 — trading 29.8% below its estimated fair value. The current Beginning Cash Position is €2,502 Mil. Paychex's overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For Paychex (FRA:PCX), the current Beginning Cash Position is €2,502 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 €95.48 is trading 29.8% below its estimated GF Value™ of €135.93. GuruFocus considers Paychex to be Significantly Undervalued.

Key valuation signals for FRA:PCX:

  • Beginning Cash Position: €2,502 Mil
  • GF Value™: €135.93 vs. price of €95.48 (29.8% below fair value)
  • GF Score™: 85/100 with 3 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.
85GF Score

Get the complete analysis for FRA:PCX

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

€95.48
Price
€135.93
GF Value