Paychex, Inc.
PAYX

$52.28 B
Marketcap
$145.25
Share price
Country
$0.37
Change (1 day)
$150.71
Year High
$114.72
Year Low

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

marketcap

P/B ratio for Paychex, Inc. (PAYX)

P/B ratio as of 2024: 11.39

According to Paychex, Inc.'s latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 11.39. At the end of 2023 the company had a P/B ratio of 10.83.

P/B ratio history for Paychex, Inc. from 1986 to 2024

P/B ratio at the end of each year

Year P/B ratio
2024 11.39
2023 10.83
2022 14.47
2021 12.33
2020 9.27
2019 11.76
2018 11.63
2017 10.90
2016 10.23
2015 10.04
2014 8.43
2013 7.64
2012 6.77
2011 7.81
2010 7.27
2009 7.65
2008 10.64
2007 7.89
2006 8.42
2005 7.89
2004 11.99
2003 10.66
2002 14.05
2001 18.90
2000 23.02
1999 23.67
1998 41.74
1997 15.86
1996 15.84
1995 9.46
1994 8.80
1993 9.37
1992 7.39
1991 5.52
1990 4.34
1989 7.50
1988 6.13
1987 8.94
1986 9.29