Superworth

Paychex price to book ratio PAYX

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
11.3×
10-year median
11.9×
Against its 10-year history
32nd
percentile: 0 is its lowest day, 100 its highest
10-year range
7.2× to 16.2×
Peer median
5.9×

Paychex's price to book ratio is 11.3× as of Oct 23, 2026.

That is below its ten-year median of 11.9×, lower than on 68% of days in the last ten years.

Over that time it ranged from 7.2× in Mar 2020 to 16.2× in Aug 2022.

The median for 10 industrial stocks of a similar size is 5.9×.

Price to book ratio over time

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

YearEnd of yearLowHigh
2026 so far11.3×7.6×12.1×
202510.6×10.1×14.1×
202413.0×11.2×13.9×
202312.2×11.0×13.5×
202213.0×12.4×16.2×
202115.8×10.8×15.8×
202011.6×7.2×12.5×
201911.9×9.8×12.2×
20189.6×9.6×13.3×
201712.4×10.0×12.9×
201612.0×9.1×12.2×
201510.3×9.0×11.0×
20149.3×8.1×9.6×
20139.4×6.8×9.4×
20126.6×6.6×7.8×
20117.0×6.1×8.4×
20107.7×6.4×8.4×
20098.0×7.4×8.6×

Against its peers

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

CompanyPrice to book ratio
PAYXPaychex11.3×
HEIHEICO8.4×
FIXComfort Systems USA12.7×
FERGFergusonn/m
WABWestinghouse Air Brake Technologies4.1×
CARRCarrier Global3.5×
ODFLOld Dominion Freight Line8.3×
WCNWaste Connections5.9×
LHXL3Harris Technologies2.4×
ROKRockwell Automation13.5×
DALDelta Air Lines2.2×
Peer median5.9×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Paychex

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