PAYX
Paychex Inc
Price:  
122.34 
USD
Volume:  
2,728,386.00
United States | IT Services
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Paychex Fair Value

-63.81 %
Upside

As of 2024-03-05, the Fair Value of Paychex Inc (PAYX) is 44.27 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 122.34 USD, the upside of Paychex Inc is -63.81%.

122.34 USD
Stock Price
44.27 USD
Fair Price
FAIR VALUE CALCULATION

Paychex Fair Value

Peter Lynch's formula is:

Paychex Fair Value
= Earnings Growth Rate x TTM EPS
Paychex Fair Value
= 9.77 x 4.53
Paychex Fair Value
= 44.27

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

Historical Earnings
2019-05-31 2020-05-31 2021-05-31 2022-05-31 2023-05-31 5Y Avg
Net income 1,034.40 1,098.10 1,097.50 1,392.80 1,557.30 1,236.02
YoY growth 4.05% 6.16% -0.05% 26.91% 11.81% 9.77%

Paychex Fair Value - Key Data

Market Cap (mil) 44,020.38
P/E 27.01x
Forward P/E 26.52x
EPS 4.53
Avg earnings growth rate 9.77%
TTM earnings 1,629.70