Price to Tangible Book of Paychex Inc. (PAYX) is 68.18

The price to tangible book value (PTBV) is a valuation ratio expressing the price of a security compared to its hard, or tangible, book value as reported in the company's balance sheet. The tangible book value number is equal to the company's total book value less the value of any intangible assets. Intangible assets can be such items as patents, intellectual property, goodwill, etc. The ratio shows how much investors are paying for each dollar of assets.

 

Source: Investopedia

Price to Tangible Book
Dec 18Jan 19Feb 19Mar 19Apr 19May 19Jun 19Jul 19Aug 19Sep 19Oct 19Nov 19
17.6715.6317.3718.7176.1276.8777.9467.5568.8966.5166.5168.18