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

Paychex (Paychex) PB Ratio : 11.62 (As of Jul. 21, 2024)


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

What is Paychex PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-07-21), Paychex's share price is $122.68. Paychex's Book Value per Share for the quarter that ended in May. 2024 was $10.56. Hence, Paychex's PB Ratio of today is 11.62.

Good Sign:

Paychex Inc stock PB Ratio (=11.62) is close to 3-year low of 11.03

The historical rank and industry rank for Paychex's PB Ratio or its related term are showing as below:

PAYX' s PB Ratio Range Over the Past 10 Years
Min: 6.75   Med: 11.2   Max: 16.16
Current: 11.62

During the past 13 years, Paychex's highest PB Ratio was 16.16. The lowest was 6.75. And the median was 11.20.

PAYX's PB Ratio is ranked worse than
95.58% of 1019 companies
in the Business Services industry
Industry Median: 1.76 vs PAYX: 11.62

During the past 12 months, Paychex's average Book Value Per Share Growth Rate was 8.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 8.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Paychex was 31.20% per year. The lowest was -8.80% per year. And the median was 15.00% per year.

Back to Basics: PB Ratio


Paychex PB Ratio Historical Data

The historical data trend for Paychex's PB 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 PB Ratio Chart

Paychex Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.32 12.34 14.45 10.83 11.38

Paychex Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
PB Ratio 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 10.83 12.31 12.45 11.78 11.38

Competitive Comparison of Paychex's PB Ratio

For the Staffing & Employment Services subindustry, Paychex's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio Distribution in the Business Services Industry

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

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



Paychex PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Paychex's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: May. 2024)
=122.68/10.555
=11.62

* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Paychex  (NAS:PAYX) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Paychex PB Ratio Related Terms

Thank you for viewing the detailed overview of Paychex's PB 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

Q4 2023 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2022 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2023 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2020 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2021 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2019 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Paychex Inc Annual Shareholders Meeting Transcript

By GuruFocus Research 01-23-2024

Q2 2024 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024