TRINET GROUP, INC. (TNET)

Services-Business Services, NEC

Latest Price

$69.25

TTM P/E

18.37

Normalized P/E

14.40

Div Yield

0.84%

Book Value

2.72

P/B Ratio

25.48

Valuation metrics

EPS: $3.20

Book value / share: $1.14

Formula: √(22.5 × EPS × BVPS)

Graham Number

$9.06

87% downside

Norm. op. income: $455M (median of 5yr)

Tax rate: 24%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$60.34

13% downside

Base FCF: $234M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$69.25

0% downside

EPS: $3.20

Target P/E: 14×

Formula: EPS × P/E

P/E Fair Value

$44.80

35% downside

95.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Atairos Group, Inc.	18.09M	$895.0M	39.34%	--	2026-06-30
BlackRock, Inc.	2.59M	$128.0M	5.63%	+161.4K	2026-06-30
EARNEST PARTNERS LLC	1.54M	$76.0M	3.34%	-65.7K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	1.31M	$64.0M	2.85%	-114.5K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	1.18M	$58.0M	2.56%	-132.0K	2026-06-30
WELLINGTON MANAGEMENT GROUP LLP	1.07M	$52.0M	2.32%	-136.5K	2026-06-30
AMERICAN CENTURY COMPANIES INC	922.3K	$45.0M	2.01%	-180.8K	2026-06-30
Point72 Asset Management, L.P.	826.5K	$40.0M	1.80%	+251.5K	2026-06-30
STATE STREET CORP	737.7K	$36.0M	1.60%	+23.0K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	724.8K	$35.0M	1.58%	-126.6K	2026-06-30