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Paychex PAYX Price / book

Price / book at other companies

Automatic Data Processing, Inc. logo
Automatic Data Processing, Inc.ADP
12.9×-8.3×
Equifax logo
EquifaxEFX
4.8×-1.3×
ROP
Roper Technologies, Inc.ROP
1.9×-1.4×
Global Payments logo
Global PaymentsGPN
0.8×-0.3×
Corpay logo
CorpayCPAY
5.6×-1.5×
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
2.1×-1.1×

Other financials

Income statement

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Revenue$1.8B+19.9%
Gross profit$1.4B+22.8%
Operating income$792.0M+14.5%
Net income$560.3M+7.9%
EPS (diluted)$1.56+9.1%

Balance sheet

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Cash & equivalents$1.7B+11.4%
Total debt$4.6B+434%
Total equity$4.0B-2.5%
Total assets$17.5B+56.1%

Cash flow

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Operating cash flow$812.5M+13.5%
CapEx$51.0M+4.7%
Free cash flow$761.5M+14.1%

Valuation

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Market cap$34.96B-38.4%
Enterprise value$37.83B-32.3%
P/E21.4×-11.3×
P/S5.5×-4.9×

Profitability

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Gross margin73.9%+1.9pp
Operating margin36.9%-4.6pp
Net margin25.8%-6.1pp

Returns & leverage

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Return on equity40.3%-4.0pp
Debt / equity1.1×+0.9×
Current ratio1.3×-0.1×

Where this comes from

Calculated from Paychex’s reported figures.

Based on the most recent quarter.

The official record: Paychex’s 10-Q, filed March 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Paychex's price / book?
Paychex (PAYX) reported price / book of 8.4× in Q4 2025.
How has Paychex's price / book changed year-over-year?
Paychex's price / book decreased by 36.9% year-over-year, from 13.3× to 8.4×.
What is the long-term trend for Paychex's price / book?
Over 4 years (2021 to 2025), Paychex's price / book has grown at a 4.1% compound annual growth rate (CAGR), from 45× to 52.8×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.