Paychex Stock Looks Overvalued
- Friday, November 12, 2021, 7:15
- Market
- Add a comment
The shares of Paychex and Automatic Data Processing have surpassed pre-pandemic levels assisted by a recovering economy and lowering unemployment figures. Currently, the market is pricing Paychex stock at a slightly higher trailing P/E multiple of 41 compared to 38 for ADP…