As of today (2023-06-04), Paychex's share price is $110.25. Paychex's Tangible Book per Share of Feb. 2023 for the quarter that ended in Feb. 2023 was $3.80. Hence, Paychex's Price to Tangible Book Ratio of today is 28.98.
The historical rank and industry rank for Paychex's Price-to-Tangible-Book or its related term are showing as below:
PAYX'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.29 Med: 14.18 Max: 81.95
Current: 29.01
During the past 13 years, Paychex's highest Price to Tangible Book Ratio was 81.95. The lowest was 3.29. And the median was 14.18.
PAYX's Price-to-Tangible-Book is ranked worse than 96.97% of 859
companies
in the Business Services industry
Industry Median: 2.21
vs PAYX: 29.01
A closely related ratio is called PB Ratio. As of today, Paychex's share price is $110.25. Paychex's Book Value per Sharefor the quarter that ended in Feb. 2023 was $9.43. Hence, Paychex's P/B Ratio of today is 11.69.
Paychex Price-to-Tangible-Book Historical Data
The historical data trend for Paychex's Price-to-Tangible-Book 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 Annual Data
Trend
May13
May14
May15
May16
May17
May18
May19
May20
May21
May22
Price-to-Tangible-Book
16.80
70.44
39.30
42.73
43.31
Paychex Quarterly Data
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
Price-to-Tangible-Book
35.25
43.31
40.43
38.16
29.02
Competitive Comparison
For the Staffing & Employment Services subindustry, Paychex's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution
For the Business Services industry and Industrials sector, Paychex's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Paychex's Price-to-Tangible-Book falls in comparison to its industry or sector. The grey bar indicates the Price-to-Tangible-Book's extreme value range as defined by GuruFocus.
Paychex Price-to-Tangible-Book Calculation
Paychex's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Paychex Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Paychex's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
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 730,000 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.
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