Is Paychex, Inc. overvalued?

Paychex, Inc. (PAYX) looks undervalued — trading about 22% below its fair value.

Undervalued

Price

$120.37

Fair value

$146.34

Current P/E

24.6

Normal P/E

29.9

Market cap

$42.81B

Dividend yield

3.7%

Return on equity

45.1%

Sector

Industrials

Fair value compares PAYX's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 11 Aug 2026.

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