Oct 13 close Sign in

Industrials & materials

Paychex (PAYX)

In the Nasdaq-100.

Your signal

Hold45 / 100

Hold: 45 is between your Sell line (40) and Buy line (60). Trend (+4% vs 200-day) scores 56 and lifts it; Plays in (37%) scores 37 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weightPAYXPointsWeightAdds
Plays in37%374014.8
Off the high−17% from its 1-year high453013.5
Trend+4% vs 200-day563016.8
Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for PAYX
FactorPAYXPointsWhat it is
Plays in37%37The share of the plays you count that hold it now.
Analysts' upside+7% · 14 analysts39How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating3.0 · hold0The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E21.1×62Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: SEC filings to 2026-08-31.
Forward P/E16.6×47Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG1.8537P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth. Source: Yahoo Finance.
Price to sales5.9×30Market value over the last 12 months' revenue. Lower ranks higher. Source: SEC filings to 2026-08-31.
Price to book10.2×17Price over book value (assets minus debts) per share. Lower ranks higher. Source: SEC filings to 2026-08-31.
Dividend yield4.3%83Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: SEC filings to 2026-08-31.
Earnings growth+13%41Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: SEC filings to 2026-08-31.
Revenue growth+14%51Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: SEC filings to 2026-08-31.
Profit margin28%81Net profit as a share of revenue. Higher ranks higher. Source: SEC filings to 2026-08-31.
Return on equity49%93Profit as a share of shareholders' equity. Higher ranks higher. Source: SEC filings to 2026-08-31.
Debt to equity1.23×23Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: SEC filings to 2026-08-31.
Off the high−17% from its 1-year high45How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend+4% vs 200-day56How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum−13%21The price change over the last 12 months. Higher ranks higher.
Low crash exposure0/10 · low100The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on PAYX

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in37 / 100Every play Be The Puck tests, in 7 families.
Crash exposureLow0 of 10 on the storm testMayer Multiple1.04×Price ÷ its 200-day average (+4%). Higher than on 47% of days since 2005. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about PAYX now.

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

PAYX, day by day

How to read candlesticks

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved PAYX lately

Its biggest move against the S&P 500 in the last 30 sessions, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Wed Sep 23−8.0% against the S&P 5003.7× a normal day

PAYX −8.8%, the S&P 500 −0.8% that session; −12.1% against the S&P 500 over five sessions.

  • Small beatEarnings report · Sep 23, 8:00 am ET

    PAYX reported earnings per share of 1.34 against 1.32 expected: a 1.6% beat.

    After small beats, stocks did better than their index at the first close after the news 51% of the time (1,404 of 2,760 on 305 stocks; median move +0.1%). This time the stock went the other way. Low predictability

    PAYX after small beats: ahead of its index at the first close after the news 13 of 35 times (median −0.7%).

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on PAYX

All 100 plays, by family.

Calls right: how often the play's calls on PAYX went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2005. Click a column to sort.Sort with the menu above the list.

PlayCallSinceNext moveCalls rightAnnual returnWorst drawdown
Trend following
PB EMABitcoin Playboy · dailyINOct 13, 2026 0.0%Exit below $104.03 (−2.1%)26% 156/608+5.0% / +9.0%−35.5% / −53.3%
Bull Market Support BandBenjamin Cowen · weeklyOUTSep 25, 2026 +4.8%Enter above $110.57 (+4.1%)24% 31/129+3.3% / +9.0%−34.2% / −53.3%
Ripster EMA CloudRipster · dailyOUTSep 9, 2026 −7.4%Enter above $109.89 (+3.4%)25% 89/359+6.4% / +9.0%−38.4% / −53.3%
Trend TemplateMark Minervini · dailyOUTJun 25, 2025 −19.0%Enter above $198.01 (+86.4%)17% 25/146+0.6% / +9.1%−23.0% / −53.3%
Stage AnalysisStan Weinstein · weeklyINOct 9, 2026 +2.2%Exit below $103.67 (−2.4%)18% 19/107+1.2% / +9.0%−43.5% / −53.3%
Stage 2 + Mansfield RSStan Weinstein · weeklyOUTSep 25, 2026 +4.8%Enter above $113.57 (+6.9%)34% 40/118+2.2% / +9.0%−35.5% / −53.3%
10-Month SMAMeb Faber · month-endOUTSep 30, 2026 +7.9%Enter above $100.98 (−5.0%)33% 16/49+4.1% / +9.0%−41.4% / −53.3%
200-Day RulePaul Tudor Jones · dailyINOct 8, 2026 +1.7%Exit below $101.93 (−4.1%)15% 29/194+4.7% / +9.0%−37.5% / −53.3%
Golden CrossMarket tradition · dailyINJul 28, 2026 −10.6%Not on one close43% 15/35+3.8% / +9.0%−37.3% / −53.3%
Granville 200-DayJoseph E. Granville · dailyOUTSep 24, 2026 +4.6%Enter above $206.99 (+94.8%)15% 19/128+3.2% / +9.0%−44.1% / −53.3%
Hull Moving AverageAlan Hull · weeklyOUTSep 11, 2026 −8.2%Enter above $140.40 (+32.1%)45% 60/133+9.0% / +9.0%−23.4% / −53.3%
Kaufman Adaptive MAPerry J. Kaufman · dailyINOct 6, 2026 +5.2%Exit below $101.82 (−4.2%)24% 176/742+5.0% / +9.0%−34.6% / −53.3%
TEMA CrossoverPatrick G. Mulloy · dailyOUTAug 14, 2026 −12.9%Enter above $117.94 (+11.0%)42% 103/244+7.8% / +9.0%−38.7% / −53.3%
Seykota 15/150Ed Seykota · dailyOUTOct 5, 2026 +6.5%Enter above $142.38 (+34.0%)29% 8/28+5.9% / +9.3%−38.1% / −53.3%
Guppy Multiple MAsDaryl Guppy · dailyOUTSep 21, 2026 −7.6%Enter above $163.84 (+54.2%)31% 37/119+7.8% / +9.0%−24.4% / −53.3%
Ichimoku CloudGoichi Hosoda · dailyOUTSep 23, 2026 +1.7%Enter above $121.89 (+14.7%)28% 31/109+5.5% / +9.0%−31.1% / −53.3%
SupertrendOlivier Seban · dailyOUTSep 8, 2026 −9.1%Enter above $107.76 (+1.4%)42% 62/149+5.9% / +9.0%−45.9% / −53.3%
Williams AlligatorBill Williams · dailyOUTSep 11, 2026 −8.2%Not on one close48% 147/307+8.2% / +9.0%−21.9% / −53.3%
Vortex IndicatorEtienne Botes & Douglas Siepman · dailyOUTSep 8, 2026 −9.1%Enter above $102.84 (−3.2%)34% 188/547+2.6% / +9.0%−47.5% / −53.3%
AroonTushar S. Chande · dailyOUTSep 9, 2026 −7.4%Enter above $119.61 (+12.6%)44% 84/189+10.0% / +9.0%−25.3% / −53.3%
Parabolic SARJ. Welles Wilder Jr. · dailyINOct 7, 2026 +4.6%Exit below $99.79 (−6.1%)35% 185/525+2.3% / +9.0%−44.8% / −53.3%
ADX TrendJ. Welles Wilder Jr. · dailyOUTSep 8, 2026 −9.1%Enter above $106.64 (+0.4%)31% 46/149+2.7% / +9.0%−22.6% / −53.3%
MACD Zero LineGerald Appel · dailyOUTSep 11, 2026 −8.2%Enter above $142.51 (+34.1%)36% 66/181+7.9% / +9.0%−34.9% / −53.3%
Zweig 4% ModelMartin Zweig · weeklyINOct 9, 2026 +2.2%Exit below $99.82 (−6.1%)39% 65/168+6.0% / +9.0%−41.5% / −53.3%
MAMA/FAMA CrossJohn F. Ehlers · dailyOUTSep 10, 2026 −7.8%Enter above $299.92 (+182.3%)34% 78/231+5.0% / +9.0%−34.8% / −53.3%
Schaff Trend CycleDoug Schaff · dailyINOct 13, 2026 0.0%Not on one close38% 87/231+6.1% / +9.0%−52.1% / −53.3%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · dailyOUTSep 11, 2026 −8.2%Enter above $136.87 (+28.8%)38% 56/147+7.1% / +9.0%−32.5% / −53.3%
DP Trend ModelCarl Swenlin & Erin Swenlin · dailyOUTSep 25, 2026 +4.8%Enter above $173.90 (+63.7%)32% 30/95+5.8% / +9.0%−28.5% / −53.3%
Elder Triple ScreenAlexander Elder · dailyOUTAug 21, 2026 −14.6%Not on one close38% 78/208+4.1% / +9.0%−27.6% / −53.3%
Holy GrailLinda Bradford Raschke & Larry Connors · dailyOUTSep 4, 2026 −12.7%Not on one close42% 14/33+2.0% / +9.0%−3.6% / −53.3%
Breakouts & channels
Four-Week RuleRichard Donchian · dailyOUTSep 8, 2026 −9.1%Enter above $118.43 (+11.5%)47% 58/123+6.8% / +9.0%−35.7% / −53.3%
Turtle System 1Richard Dennis & William Eckhardt · dailyOUTSep 4, 2026 −12.7%Enter above $127.98 (+20.5%)33% 46/138+4.9% / +9.0%−16.2% / −53.3%
Turtle System 2Richard Dennis & William Eckhardt · dailyOUTSep 8, 2026 −9.1%Enter above $127.98 (+20.5%)29% 31/107+3.3% / +9.0%−27.9% / −53.3%
Clenow TrendAndreas F. Clenow · dailyOUTSep 8, 2026 −9.1%Enter above $127.34 (+19.8%)35% 35/100+5.4% / +9.0%−17.8% / −53.3%
Darvas BoxNicolas Darvas · dailyOUTSep 23, 2026 +1.7%Enter above $110.50 (+4.0%)42% 46/110+3.2% / +9.0%−43.2% / −53.3%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · dailyOUTSep 4, 2026 −12.7%Enter above $112.01 (+5.4%)36% 53/149+3.4% / +9.0%−24.7% / −53.3%
Bollinger BreakoutJohn Bollinger · dailyOUTSep 4, 2026 −12.7%Enter above $118.55 (+11.6%)34% 75/218+5.2% / +9.0%−25.7% / −53.3%
Chandelier ExitChuck LeBeau · dailyOUTSep 8, 2026 −9.1%Enter above $118.51 (+11.5%)43% 72/167+8.9% / +9.0%−28.2% / −53.3%
Wilder Volatility SystemJ. Welles Wilder Jr. · dailyINOct 13, 2026 0.0%Exit below $99.52 (−6.3%)44% 72/162+7.5% / +9.0%−35.1% / −53.3%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · dailyOUTSep 22, 2026 −7.2%Enter above $130.51 (+22.8%)35% 19/55+4.7% / +9.0%−52.9% / −53.3%
Chande Kroll StopTushar S. Chande & Stanley Kroll · dailyOUTSep 8, 2026 −9.1%Enter above $118.58 (+11.6%)33% 99/297+7.6% / +9.0%−36.4% / −53.3%
Acceleration BandsPrice Headley · dailyOUTJul 30, 2026 −8.7%Not on one close34% 57/170+2.3% / +9.0%−16.5% / −53.3%
TTM SqueezeJohn F. Carter · dailyOUTSep 2, 2026 −14.3%Not on one close35% 54/156+1.5% / +9.0%−16.8% / −53.3%
NR7 BreakoutToby Crabel · dailyINOct 1, 2026 +5.4%Exit below $103.74 (−2.4%)32% 214/678+4.2% / +9.0%−49.5% / −53.3%
Bollinger SqueezeJohn Bollinger · dailyOUTNov 18, 2024 −20.1%Not on one close32% 13/40+1.6% / +9.0%−8.0% / −53.3%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-endOUTSep 30, 2025 −12.5%Enter above $116.23 (+9.4%)26% 10/38+5.5% / +9.5%−44.2% / −53.3%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-endINSep 30, 2026 +7.9%Flips at next check34% 12/35+4.1% / +9.5%−48.3% / −53.3%
Dual MomentumGary Antonacci · month-endOUTAug 29, 2025 −20.5%Enter above $129.24 (+21.6%)29% 7/24+4.1% / +9.5%−23.5% / −53.3%
Stocks on the MoveAndreas F. Clenow · dailyOUTSep 23, 2026 +1.7%Buy $109.50–$122.19 (+3.1%)21% 34/159+3.1% / +9.0%−39.9% / −53.3%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-endOUTSep 30, 2026 +7.9%Enter above $120.97 (+13.9%)39% 7/18+4.0% / +9.0%−47.5% / −53.3%
Levy Relative StrengthRobert A. Levy · weeklyOUTSep 25, 2026 +4.8%Enter above $109.75 (+3.3%)30% 37/124+2.7% / +9.0%−39.4% / −53.3%
MACD Signal CrossGerald Appel · dailyINOct 8, 2026 +1.7%Exit below $89.90 (−15.4%)35% 151/435+5.6% / +9.0%−44.2% / −53.3%
Elder ImpulseAlexander Elder · dailyINOct 8, 2026 +1.7%Exit below $103.71 (−2.4%)29% 216/748+1.3% / +9.0%−47.5% / −53.3%
Know Sure ThingMartin J. Pring · dailyINOct 13, 2026 0.0%Exit below $88.44 (−16.8%)43% 134/313+5.9% / +9.0%−39.5% / −53.3%
Coppock CurveEdwin S. C. Coppock · month-endINJul 31, 2026 −9.1%Exit below $88.91 (−16.3%)27% 3/11+7.7% / +8.8%−44.2% / −53.3%
CCI +100Donald R. Lambert · dailyOUTSep 1, 2026 −15.4%Enter above $115.93 (+9.1%)27% 179/662+0.5% / +9.0%−33.5% / −53.3%
TRIX Signal CrossJack K. Hutson · dailyOUTAug 17, 2026 −10.4%Enter above $120.74 (+13.6%)40% 107/267+4.9% / +9.0%−46.1% / −53.3%
TSI Zero LineWilliam Blau · dailyOUTSep 11, 2026 −8.2%Enter above $145.01 (+36.5%)38% 68/179+8.5% / +9.0%−33.5% / −53.3%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-endOUTSep 30, 2026 +7.9%Enter above $101.56 (−4.4%)39% 36/92+5.1% / +9.5%−37.9% / −53.3%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-endINSep 30, 2026 +7.9%Flips at next check33% 10/30+4.4% / +8.7%−44.2% / −53.3%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · dailyINSep 30, 2026 +7.9%Not on one close38% 14/37+4.1% / +9.5%−47.1% / −53.3%
PMO Signal CrossCarl Swenlin · dailyOUTAug 17, 2026 −10.4%Enter above $102.28 (−3.7%)38% 118/308+7.3% / +9.0%−40.9% / −53.3%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · dailyINOct 6, 2026 +5.2%Not on one close64% 29/45+6.2% / +9.0%−41.0% / −53.3%
RSI(2) PullbackLarry Connors & Cesar Alvarez · dailyOUTOct 1, 2026 +5.4%Not on one close60% 181/304+0.6% / +9.0%−26.9% / −53.3%
Double 7sLarry Connors & Cesar Alvarez · dailyOUTOct 6, 2026 +5.2%Not on one close61% 252/410+3.5% / +9.0%−42.3% / −53.3%
Bollinger ReversionJohn Bollinger · dailyOUTOct 13, 2026 0.0%Buy below $90.73 (−14.6%)62% 116/186+2.5% / +9.0%−39.8% / −53.3%
Stochastic 20/80George C. Lane · dailyINSep 14, 2026 −10.3%Not on one close55% 87/157+2.8% / +9.0%−49.3% / −53.3%
Williams %RLarry Williams · dailyINSep 14, 2026 −10.3%Exit below $104.86 (−1.3%)59% 158/267+3.0% / +9.0%−53.0% / −53.3%
DeMark 9-CountTom DeMark · dailyINSep 30, 2026 +7.9%Not on one close56% 39/70+6.6% / +9.0%−42.2% / −53.3%
Mayer MultipleTrace Mayer · dailyINNov 22, 2004 +543.7%Sell above $246.38 (+131.9%)–+9.0% / +9.0%−53.3% / −53.3%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · dailyOUTFeb 25, 2026 +19.2%Buy below $72.89 (−31.4%)58% 7/12+2.2% / +9.0%−6.1% / −53.3%
Laguerre RSIJohn F. Ehlers · dailyINOct 8, 2026 +1.7%Exit below $101.74 (−4.2%)46% 141/306+4.3% / +9.0%−50.0% / −53.3%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · dailyINAug 3, 2026 −9.7%Exit below $103.64 (−2.5%)58% 252/436+4.1% / +9.0%−45.7% / −53.3%
IBS ReversionAlexander S. Pagonidis · dailyOUTOct 12, 2026 +1.5%Buy below $106.25 (0.0%)56% 941/1672+2.6% / +9.0%−38.0% / −53.3%
Connors %bLarry Connors & Cesar Alvarez · dailyINSep 10, 2026 −7.8%Sell above $112.36 (+5.7%)53% 50/95+3.2% / +9.0%−16.9% / −53.3%
Fisher TransformJohn F. Ehlers · dailyINSep 30, 2026 +7.9%Exit below $99.04 (−6.8%)35% 381/1089−2.0% / +9.0%−70.1% / −53.3%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-endINSep 30, 2026 +7.9%Sell above $100.49 (−5.4%)45% 56/124+2.2% / +9.0%−44.5% / −53.3%
Volume & money flow
On-Balance VolumeJoseph E. Granville · dailyINOct 13, 2026 0.0%Exit below $106.25 (0.0%)27% 202/761+1.7% / +9.0%−50.0% / −53.3%
Chaikin Money FlowMarc Chaikin · dailyOUTSep 23, 2026 +1.7%Not on one close38% 74/197+3.7% / +9.0%−49.0% / −53.3%
Money Flow IndexGene Quong & Avrum Soudack · dailyINOct 1, 2026 +5.4%Not on one close74% 35/47+8.1% / +9.0%−49.5% / −53.3%
Negative Volume IndexNorman Fosback & Paul Dysart · dailyOUTSep 16, 2026 −9.0%Not on one close35% 24/68+7.2% / +9.2%−48.1% / −53.3%
Force IndexAlexander Elder · dailyOUTSep 4, 2026 −12.7%Enter above $106.42 (+0.2%)28% 207/741+4.4% / +9.0%−34.2% / −53.3%
Buff AveragesBuff Dormeier · dailyOUTSep 8, 2026 −9.1%Enter above $108.03 (+1.7%)36% 127/351+4.8% / +9.0%−46.3% / −53.3%
Chaikin OscillatorMarc Chaikin · dailyINOct 6, 2026 +5.2%Not on one close37% 212/570+5.2% / +9.0%−42.5% / −53.3%
Volume Flow IndicatorMarkos Katsanos · dailyINOct 7, 2026 +4.6%Not on one close27% 32/117+3.7% / +9.4%−36.1% / −53.3%
Klinger OscillatorStephen J. Klinger · dailyINOct 6, 2026 +5.2%Not on one close35% 331/957+1.4% / +9.0%−53.9% / −53.3%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · dailyOUTSep 1, 2026 −15.4%Not on one close54% 70/129+6.9% / +9.0%−44.2% / −53.3%
HikkakeDaniel L. Chesler · dailyOUTDec 30, 2025 −3.1%Not on one close39% 31/80+7.0% / +9.0%−39.5% / −53.3%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · dailyOUTJan 13, 2026 +0.2%Not on one close44% 29/66+2.6% / +9.0%−21.0% / −53.3%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · dailyOUTApr 30, 2026 +17.4%Buys Oct 3044% 19/43+3.2% / +9.0%−44.2% / −53.3%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · dailyINOct 6, 2026 +5.2%Window opens Apr 148% 21/44+3.0% / +9.0%−44.2% / −53.3%
Seasonal TimingSy Harding · dailyOUTMay 14, 2026 +20.9%Window opens Oct 1647% 20/43+3.2% / +9.0%−44.2% / −53.3%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · dailyOUTJan 5, 2026 +0.4%Buys Dec 2330% 13/44+0.8% / +9.0%−9.2% / −53.3%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · dailyOUTOct 5, 2026 +6.5%Buys Oct 2950% 263/526+2.8% / +9.0%−26.3% / −53.3%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · dailyINSep 30, 2026 +7.9%Sells Jun 3064% 7/11+3.8% / +9.0%−20.8% / −53.3%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · dailyOUTSep 4, 2026 −12.7%Buys Nov 2451% 203/400+1.5% / +9.0%−10.3% / −53.3%
January BarometerYale Hirsch & Jeffrey Hirsch · month-endINDec 30, 2022 +4.1%Not on one close15% 3/20+1.7% / +9.0%−45.3% / −53.3%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · dailyINOct 12, 2026 +1.5%Sells Oct 1650% 1152/2284+2.2% / +9.0%−49.5% / −53.3%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · dailyOUTSep 16, 2026 −9.0%Buys Oct 2748% 167/348+1.5% / +9.0%−10.3% / −53.3%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · dailyINOct 2, 2026 +7.4%Sells Oct 1652% 284/541+7.5% / +9.0%−32.9% / −53.3%
Benchmark
Buy & HoldJohn C. Bogle · benchmarkINJan 3, 2005Always in–+9.0%−53.3%

If the market cracks: the storm test

How the storm test works
ExposureLow0 of 10 points
  • Market swings0/3
  • Past crashes0/2
  • Debt0/3
  • Run-up0/2

Nothing on the checklist stands out.

Past crashes, peak to low

Financial crisis Oct 2007 to Mar 2009 · back to its old high Sep 2012

PAYX−49%
S&P 500−57%

COVID crash Feb 2020 to Mar 2020 · back to its old high Nov 2020

PAYX−44%
S&P 500−34%

2022 bear market Jan 2022 to Oct 2022 · back to its old high Dec 2023

PAYX−18%
S&P 500−25%
  • Beta0.46Moves about 0.5× as much as the S&P 500 week to week.
  • Downside capture63%In months the S&P 500 fell, this fell 63% as much on average.
  • Two-year change−18%
  • From 52-week high−17%
  • Debt to equity1.24×
  • Net debt / EBITDA1.2×Years of operating cash earnings it would take to pay off its debt.
  • Interest cover9.6×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Software - Application · Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for human resources, payroll processing, employee benefits, and insurance services for small to medium-sized businesses in the United States, Europe, Canada, India, and Israel. It offers technology and advisory solutions; and payroll tax administration services.

Size and valuation
Market cap$37.8BWhat the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)$6.6BTotal sales. The market values it at 5.7× sales.
P/E ratio21.1×Buyers pay $21 for each $1 of the last year's profit.
Forward P/E16.6×Price against analysts' estimate of next year's profit. Lower than the P/E means profit is expected to grow.
Price to book10.2×Price against the company's net assets (its equity) per share.
Profit and growth
Profit margin28.3%Keeps 28¢ of each dollar of sales as profit.
Revenue growth+13.7%The last four quarters' sales against the four before.
Earnings growth+13.0%Same comparison for profit.
Return on equity48.7%Yearly profit as a share of shareholders' money in the business.
Free cash flow$1.9BCash left after running and investing in the business.
Balance sheet
Total equity$3.7BWhat it owns minus what it owes.
Total debt$4.6BLoans and bonds it has to pay back, with interest.
Cash$934MCash and short-term investments on hand.
Debt to equity1.24×Moderate.
Interest cover9.6×Interest is easily paid from profit.
Wall Street
Average analyst target$113.937% above the close, from 14 analysts (range $96.00 to $150.00).
Consensus ratingHoldAnalysts' average recommendation. Ratings lean positive: sell ratings are rare.
Dividend yield4.27%Yearly dividends as a share of the price.

P/E, price to sales and book, growth, margin and return on equity from the company's SEC filings for the quarter to 2026-08-31; other company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

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