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 (2023-05-29), Paychex's share price is $108.17. Paychex's Book Value per Share for the quarter that ended in Feb. 2023 was $9.43. Hence, Paychex's PB Ratio of today is 11.47.
Good Sign:
Paychex Inc stock PB Ratio (=11.47) is close to 2-year low of 11.33
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: 6.61 Med: 10.64 Max: 16.16
Current: 11.47
During the past 13 years, Paychex's highest PB Ratio was 16.16. The lowest was 6.61. And the median was 10.64.
PAYX's PB Ratio is ranked worse than 95.52% of 1005
companies
in the Business Services industry
Industry Median: 1.78
vs PAYX: 11.47
During the past 12 months, Paychex's average Book Value Per Share Growth Rate was 3.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Paychex was 92.40% per year. The lowest was -8.80% per year. And the median was 17.20% 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 Annual Data
Trend
May13
May14
May15
May16
May17
May18
May19
May20
May21
May22
PB Ratio
9.99
11.77
9.32
12.34
14.45
Paychex Quarterly Data
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
PB Ratio
13.08
14.45
14.17
13.95
11.70
Competitive Comparison
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 PB Ratio Distribution
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 in comparison to its industry or sector. The grey bar indicates the PB Ratio's extreme value range as defined by GuruFocus.
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:
* 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.
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 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.
Create New Portfolio
Portfolio Contest
Personalize
Premium Gurus 
0.29(0.27%) Volume: 2,188,845 4:00PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
PAYX has been successfully added to your 
