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Paychex (PAYX, Human Resource & Employment Services) Stock Valuation & Fair Value Mixed on our tests

Paychex (PAYX, Human Resource & Employment Services) trades at a blended P/E of 17.5, about 32% below its historical normal valuation, with a forward growth estimate of 7.4% and a PEG of 2.36. Analysts' one-year estimates have been hit 82% of the time. Priced at its historical normal P/E of 25.6 on the same blended earnings, the 2026-10-02 close of $98.94 corresponds to about $145 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-10-05
Blended P/E
17.5
Normal P/E
25.6
PEG
2.36
Fwd growth
7.4%
Div yield
4.8%
RSI (14)
41.6
Neutral
Technical context
  • Price $104.46 at the 2026-10-08 close, 2.5% below the 20-day average ($107.13) and 9.8% below the 50-day ($115.79).
  • RSI (14) at 41.6.
  • 52-week range $83.61 to $127.34: the price is 18.0% below the high and 24.9% above the low.

The Street vs SeerForecast

Wall Street's mean price target for PAYX is $113.93 across 14 analysts, 9.1% above the current price. The average analyst rating is Hold. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been mixed on our tests since 2026-06-03.

Blended P/E and rating by weekBlended P/E moved from 17.4 to 17.5 between 2026-06-03 and 2026-10-02, against a normal P/E of 25.6, with 2 rating changes over 37 recorded weeks.2026-06-03: P/E 17.4, Mixed on our tests, recalculated for the week of 2026-06-032026-06-10: P/E 18.3, Mixed on our tests, recalculated for the week of 2026-06-102026-06-12: P/E 18.3, Mixed on our tests, recalculated for the week of 2026-06-142026-06-16: P/E 18.3, Mixed on our tests, recalculated for the week of 2026-06-162026-06-18: P/E 18.3, Mixed on our tests, recalculated for the week of 2026-06-212026-07-02: P/E 18.5, Mixed on our tests, recalculated for the week of 2026-07-022026-07-06: P/E 19.2, Mixed on our tests, recalculated for the week of 2026-07-062026-07-09: P/E 19.2, Mixed on our tests, recalculated for the week of 2026-07-092026-07-10: P/E 19.3, Mixed on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 19.3, Mixed on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 19.3, Mixed on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 20.5, Mixed on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 20.5, Mixed on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 20.4, Mixed on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 20.4, Mixed on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 20.8, Mixed on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 20.9, Mixed on our tests, recorded live 2026-08-032026-08-07: P/E 21.5, Weak on forward returns, recalculated for the week of 2026-08-072026-08-07: P/E 21.4, Weak on forward returns, recorded live 2026-08-102026-08-14: P/E 22.4, Weak on forward returns, recalculated for the week of 2026-08-142026-08-14: P/E 21.8, Weak on forward returns, recorded live 2026-08-172026-08-21: P/E 21.9, Weak on forward returns, recalculated for the week of 2026-08-212026-08-21: P/E 22.2, Weak on forward returns, recorded live 2026-08-242026-08-27: P/E 22.2, Weak on forward returns, recalculated for the week of 2026-08-272026-08-28: P/E 22.5, Weak on forward returns, recalculated for the week of 2026-08-282026-08-28: P/E 22.6, Weak on forward returns, recalculated for the week of 2026-08-302026-08-28: P/E 22.6, Weak on forward returns, recorded live 2026-08-312026-09-04: P/E 21.6, Weak on forward returns, recalculated for the week of 2026-09-052026-09-04: P/E 21.6, Weak on forward returns, recorded live 2026-09-072026-09-11: P/E 20.5, Mixed on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 20.5, Mixed on our tests, recorded live 2026-09-142026-09-18: P/E 20.6, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 20.6, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 17.9, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 17.9, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 17.5, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 17.5, Mixed on our tests, recorded live 2026-10-0517.520.022.525.0Jun 3Jul 3Aug 2Sep 2Oct 2Normal P/E 25.6
Mixed on our testsWeak on forward returns

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 17.4-34%Mixed on our tests (recalculated)
2026-08-07P/E 21.5-16%Weak on forward returns (recalculated)
2026-08-30P/E 22.6-12%Weak on forward returns (recalculated)
2026-09-12P/E 20.5-20%Mixed on our tests (recalculated)
2026-10-05P/E 17.5-32%Mixed on our tests ← now
Show all 37 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 17.4-34%Mixed on our tests (recalculated)
2026-06-10P/E 18.3-30%Mixed on our tests (recalculated)
2026-06-14P/E 18.3-30%Mixed on our tests (recalculated)
2026-06-16P/E 18.3-30%Mixed on our tests (recalculated)
2026-06-21P/E 18.3-30%Mixed on our tests (recalculated)
2026-07-02P/E 18.5-28%Mixed on our tests (recalculated)
2026-07-06P/E 19.2-25%Mixed on our tests (recalculated)
2026-07-09P/E 19.2-25%Mixed on our tests (recalculated)
2026-07-12P/E 19.3-24%Mixed on our tests (recalculated)
2026-07-13P/E 19.3-24%Mixed on our tests (recalculated)
2026-07-14P/E 19.3-24%Mixed on our tests (recalculated)
2026-07-20P/E 20.5-20%Mixed on our tests (recalculated)
2026-07-22P/E 20.5-20%Mixed on our tests (recalculated)
2026-07-25P/E 20.4-20%Mixed on our tests (recalculated)
2026-07-27P/E 20.4-20%Mixed on our tests (recalculated)
2026-07-31P/E 20.8-19%Mixed on our tests (recalculated)
2026-08-03P/E 20.9-18%Mixed on our tests
2026-08-07P/E 21.5-16%Weak on forward returns (recalculated)
2026-08-10P/E 21.4-16%Weak on forward returns
2026-08-14P/E 22.4-12%Weak on forward returns (recalculated)
2026-08-17P/E 21.8-15%Weak on forward returns
2026-08-21P/E 21.9-14%Weak on forward returns (recalculated)
2026-08-24P/E 22.2-13%Weak on forward returns
2026-08-27P/E 22.2-13%Weak on forward returns (recalculated)
2026-08-28P/E 22.5-12%Weak on forward returns (recalculated)
2026-08-30P/E 22.6-12%Weak on forward returns (recalculated)
2026-08-31P/E 22.6-12%Weak on forward returns
2026-09-05P/E 21.6-15%Weak on forward returns (recalculated)
2026-09-07P/E 21.6-15%Weak on forward returns
2026-09-12P/E 20.5-20%Mixed on our tests (recalculated)
2026-09-14P/E 20.5-20%Mixed on our tests
2026-09-19P/E 20.6-20%Mixed on our tests (recalculated)
2026-09-21P/E 20.6-20%Mixed on our tests
2026-09-26P/E 17.9-30%Mixed on our tests (recalculated)
2026-09-28P/E 17.9-30%Mixed on our tests
2026-10-03P/E 17.5-32%Mixed on our tests (recalculated)
2026-10-05P/E 17.5-32%Mixed on our tests ← now

Frequently asked questions

Is Paychex stock overvalued?

At a blended P/E of 17.5 versus its historical normal P/E of 25.6, Paychex trades about 32% below its typical valuation, with a PEG of 2.36 on 7.4% forward growth. tickerseer currently rates it mixed on our tests.

What is Paychex's fair value and PEG?

Paychex trades at a blended P/E of 17.5 against a historical normal P/E of 25.6, a PEG of 2.36, and a forward growth estimate of 7.4%. Priced at its historical normal P/E of 25.6 on the same blended earnings, the 2026-10-02 close of $98.94 corresponds to about $145 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Paychex changed?

tickerseer's rating has been mixed on our tests since 2026-06-03.

What is the analyst price target for Paychex?

The mean Wall Street price target for Paychex is $113.93 across 14 analysts, 9.1% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Human Resource & Employment Services. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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