Fundamentals Overview
Paychex, Inc. is in the middle of its 52-week range with premium valuation, trading relatively flat today.
Valuation premium
Intrinsic value (DCF)
+61.6% upside vs price
Profitability
Risk (Beta)
0.82 — in line vol
Earnings & growth
BullzEye Analysis
Our composite tilts Buy on technicals (e.g. RSI, ADX, trend), fundamentals, sentiment, sector and index context, and risk.
Composite Signal
Supporting (Buy):
DCF +61.6% upside vs price · Analyst grade: B+ · Sentiment improving (1 upgrade) · 3M vs S&P 500: +13%
Not financial advice. For education and research only; do your own research and consider a financial advisor before investing.
Key Stats
About
Ratings & Grades at a Glance
Overall rating: B+. Recent institutional grades: majority upgrades. Current institutional positions: Buy: 1, Equal Weight: 4, Hold: 7, Market Perform: 3, Neutral: 7, Sector Perform: 1, Underweight: 7.
Valuation & Ratios
Valuation, liquidity, and profitability metrics are consolidated here (including ratios that previously appeared in the Financials story). Trailing (TTM) vs forward-looking (e.g. DCF) is noted on each line where it matters.
DCF vs price: DCF estimate is $176.94; current price is $109.52. That’s a +61.6% gap. When the gap is large (e.g. >20%), that’s divergence; when they’re close, that’s convergence. Differences can reflect growth expectations, sector premiums, or conservative vs. optimistic assumptions. Use DCF as one input alongside technicals and sentiment.
| Metric | Value |
|---|---|
| Valuation | |
| P/E (TTM) | 22.29 |
| DCF value (model) | $176.94 (61.6% upside) |
| PEG (TTM) | 3.59 |
| P/B (TTM) | 10.49 |
| P/S (TTM) | 5.98 |
| P/FCF (TTM) | 16.77 |
| Liquidity & enterprise | |
| Current Ratio (TTM) | 1.26 |
| Quick Ratio (TTM) | 1.26 |
| Cash Ratio (TTM) | 0.17 |
| Profitability | |
| ROE (TTM) | N/A |
| ROA (TTM) | N/A |
| Revenue growth (YoY) | N/A |
| Net margin (TTM) | 27.03% |
| Gross margin (TTM) | 74.29% |
| Operating margin (TTM) | 38.55% |
| Debt to equity (TTM) | N/A |
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Price Target, Ratings & Grades
Analyst price targets, consensus, rating snapshot, and institutional grades for PAYX.
Analyst Sentiment at a Glance
Stock Grades (Institutions)
| Institution | Action | Previous Grade | New Grade | Date |
|---|---|---|---|---|
| Morgan Stanley | maintain | Equal Weight | Equal Weight | 2026-06-30 |
| JP Morgan | maintain | Underweight | Underweight | 2026-06-25 |
| UBS | maintain | Neutral | Neutral | 2026-06-25 |
| Stifel | maintain | Hold | Hold | 2026-06-17 |
| Citigroup | upgrade | Neutral | Buy | 2026-06-15 |
| TD Cowen | maintain | Hold | Hold | 2026-06-08 |
| UBS | maintain | Neutral | Neutral | 2026-04-13 |
| Citigroup | maintain | Neutral | Neutral | 2026-03-26 |
| JP Morgan | maintain | Underweight | Underweight | 2026-03-26 |
| TD Cowen | maintain | Hold | Hold | 2026-03-26 |
| Baird | maintain | Neutral | Neutral | 2026-03-26 |
| Wells Fargo | maintain | Underweight | Underweight | 2026-03-26 |
| RBC Capital | maintain | Sector Perform | Sector Perform | 2026-03-19 |
| BMO Capital | maintain | Market Perform | Market Perform | 2026-03-13 |
| Citigroup | maintain | Neutral | Neutral | 2025-12-22 |
| JP Morgan | maintain | Underweight | Underweight | 2025-12-22 |
| Morgan Stanley | maintain | Equal Weight | Equal Weight | 2025-12-22 |
| Stifel | maintain | Hold | Hold | 2025-12-17 |
| Wells Fargo | maintain | Underweight | Underweight | 2025-12-09 |
| BMO Capital | maintain | Market Perform | Market Perform | 2025-12-09 |
| Jefferies | maintain | Hold | Hold | 2025-12-08 |
| TD Cowen | maintain | Hold | Hold | 2025-12-01 |
| Morgan Stanley | maintain | Equal Weight | Equal Weight | 2025-10-20 |
| BMO Capital | maintain | Market Perform | Market Perform | 2025-10-01 |
| Morgan Stanley | maintain | Equal Weight | Equal Weight | 2025-10-01 |
| JP Morgan | maintain | Underweight | Underweight | 2025-10-01 |
| Stifel | maintain | Hold | Hold | 2025-09-22 |
| UBS | maintain | Neutral | Neutral | 2025-09-17 |
| Citigroup | maintain | Neutral | Neutral | 2025-08-21 |
| JP Morgan | maintain | Underweight | Underweight | 2025-08-14 |