Paychex forward PE PAYX

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 19.5×
10-year median: 26.5×
Against its 10-year history: 6th; percentile: 0 is its lowest day, 100 its highest
10-year range: 14.8× to 36.2×
Peer median: 23.0×

Paychex's forward PE is 19.5× as of Oct 23, 2026.

That is below its ten-year median of 26.5×, lower than on 94% of days in the last ten years.

Over that time it ranged from 14.8× in Apr 2026 to 36.2× in Dec 2021.

The median for 10 industrial stocks of a similar size is 23.0×.

Forward PE over time

median 26.5×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	19.5×	14.8×	21.4×
2025	20.5×	20.2×	30.2×
2024	27.7×	23.8×	29.7×
2023	25.1×	23.4×	27.3×
2022	26.2×	25.4×	35.1×
2021	36.2×	27.2×	36.2×
2020	29.2×	18.8×	32.2×
2019	30.7×	22.8×	30.9×
2018	22.3×	21.9×	28.0×
2017	27.2×	22.3×	28.3×
2016	27.4×	21.5×	28.5×
2015	24.4×	21.4×	27.2×
2014	24.8×	22.7×	26.6×
2013	26.8×	20.2×	26.8×
2012	19.7×	19.1×	22.3×
2011	19.8×	17.7×	24.2×
2010	22.2×	18.9×	25.3×
2009	24.1×	15.5×	25.9×
2008	18.7×	16.9×	23.8×
2007	23.5×	23.5×	30.0×

Against its peers

Companies in Industrials nearest Paychex's size, closest first, today.

Company	Forward PE
PAYXPaychex	19.5×
HEIHEICO	42.8×
FIXComfort Systems USA	22.0×
FERGFerguson	18.9×
WABWestinghouse Air Brake Technologies	24.0×
CARRCarrier Global	18.6×
ODFLOld Dominion Freight Line	28.9×
WCNWaste Connections	32.1×
LHXL3Harris Technologies	20.6×
ROKRockwell Automation	29.3×
DALDelta Air Lines	11.7×
Peer median	23.0×

Where Paychex ranks

#19of 67Industrial stocks with the lowest forward PE

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Paychex

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.