GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Paychex Inc (NAS:PAYX) » Definitions » Forward PE Ratio

Paychex (Paychex) Forward PE Ratio : 24.10 (As of Jul. 20, 2024)


View and export this data going back to 1983. Start your Free Trial

What is Paychex Forward PE Ratio?

Paychex's Forward PE Ratio for today is 24.10.

Paychex's PE Ratio without NRI for today is 25.99.

Paychex's PE Ratio for today is 26.27.


Paychex Forward PE Ratio Historical Data

The historical data trend for Paychex's Forward PE Ratio 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.

* Premium members only.

Paychex Forward PE Ratio Chart

Paychex Annual Data
Trend 2015-12 2016-12 2017-12 2018-12 2019-12 2020-12 2021-12 2022-12 2023-12 2024-07
Forward PE Ratio
25.97 27.55 28.49 22.62 27.32 33.44 38.61 27.25 25.32 24.51

Paychex Quarterly Data
2015-12 2016-03 2016-06 2016-09 2016-12 2017-03 2017-06 2017-09 2017-12 2018-03 2018-06 2018-09 2018-12 2019-03 2019-06 2019-09 2019-12 2020-03 2020-06 2020-09 2020-12 2021-03 2021-06 2021-09 2021-12 2022-03 2022-06 2022-09 2022-12 2023-03 2023-06 2023-09 2023-12 2024-03 2024-06
Forward PE Ratio 25.97 24.33 24.63 26.32 27.55 24.63 23.92 25.19 28.49 22.22 24.04 25.84 22.62 25.91 26.74 26.39 27.32 19.27 25.19 28.09 33.44 32.36 33.67 32.79 38.61 34.01 30.67 27.17 27.25 25.32 24.45 24.51 25.32 24.33 23.75

Competitive Comparison of Paychex's Forward PE Ratio

For the Staffing & Employment Services subindustry, Paychex's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.


Paychex's Forward PE Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Paychex's Forward PE Ratio distribution charts can be found below:

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



Paychex Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.


Paychex  (NAS:PAYX) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .


Paychex Forward PE Ratio Related Terms

Thank you for viewing the detailed overview of Paychex's Forward PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Paychex (Paychex) Business Description

Traded in Other Exchanges
Address
911 Panorama Trail South, Rochester, NY, USA, 14625-2396
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 740,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.
Executives
Flaschen David J S director 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Christopher C Simmons officer: VP, Controller & Treasurer 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Michael E Gioja officer: Sr. Vice President 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Efrain Rivera officer: Sr. Vice President, CFO 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Martin Mucci officer: Sr. Vice President 911 PANORAMA TRAIL S, ROCHESTER NY 14625
Joseph M Tucci director EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Joseph M Velli director
Elizabeth Roaldsen officer: Sr. Vice President 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Karen E. Saunders-mcclendon officer: VP, Chief Human Resources Offi 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Theresa M. Payton director 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
John B Gibson officer: Sr. VP, Service CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202
Mark Anthony Bottini officer: Sr. VP of Sales 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Robert L. Schrader officer: VP/Controller 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Stephanie L Schaeffer officer: Chief Legal Officer 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Joseph Doody director CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701

Paychex (Paychex) Headlines

From GuruFocus

Paychex Inc Annual Shareholders Meeting Transcript

By GuruFocus Research 01-23-2024

Q1 2024 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2023 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2020 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2019 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2023 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2024 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024