← Scroll for more →
Paychex Inc (PAYX)
Services-Engineering, Accounting, Research, Management
Latest Price
$109.37
TTM P/E
--
Normalized P/E
24.28
TTM Div Yield
4.15%
Fwd Div Yield
4.15%
Book Value
10.41
P/B Ratio
10.51
Valuation metrics
adjust assumptions →EPS: $4.89
Book value / share: $10.50
Formula: √(22.5 × EPS × BVPS)
Graham Number
$34.00
69% downside
Norm. op. income: $2.0B (median of 7yr)
Tax rate: 24%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$33.92
69% downside
Base FCF: $1.7B (median of recent 5yr)
Growth: 12%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$132.99
+22% upside
EPS: $4.89
Target P/E: 24×
Formula: EPS × P/E
P/E Fair Value
$117.36
+7% upside
Institutional Ownership
100.0% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| XXEC, Inc. | 108.49M | $1.12B | 30.48% | +108.46M | 2026-06-30 |
| Capital International Investors | 28.84M | $2.84B | 8.10% | -1.11M | 2026-06-30 |
| BlackRock, Inc. | 27.75M | $2.73B | 7.80% | -661.3K | 2026-06-30 |
| Vanguard Capital Management LLC | 21.04M | $2.07B | 5.91% | +75.4K | 2026-06-30 |
| Vanguard Portfolio Management LLC | 15.28M | $1.50B | 4.29% | +28.2K | 2026-06-30 |
| State Street Corp | 14.41M | $1.42B | 4.05% | +361.7K | 2026-06-30 |
| Invesco Ltd. | 13.04M | $1.28B | 3.66% | +7.79M | 2026-06-30 |
| Charles Schwab Investment Management Inc | 10.40M | $1.02B | 2.92% | +1.03M | 2026-06-30 |
| Sixth Street Partners Management Company, L.P. | 10.40M | $1.02B | 2.92% | -- | 2026-06-30 |
| Geode Capital Management, LLC | 10.25M | $1.01B | 2.88% | -20.5K | 2026-06-30 |