TriNet Group
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
12.0510.41
Price/Sales ratio
3.212.99
Earnings per Share (EPS)
$5.42$6.28

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
113.3542.8729.2717.2315.3718.6919.8518.6012.0318.0717.1515.37
Price/Sales ratio
0.800.510.580.930.841.021.331.380.871.370.890.84
Price/Book Value ratio
-68.19168.1651.9614.887.878.348.897.135.5186.9134.987.87
Price/Cash Flow ratio
11.4110.4012.4312.12-28.398.419.8928.847.6012.4315.09-28.39
Price/Free Cash Flow ratio
13.1712.1217.1314.26-20.089.3010.5835.328.4414.4220.52-20.08
Price/Earnings Growth ratio
0.270.480.300.082.471.700.580.711.201.071.831.83
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.83%N/A
Profitability Indicator Ratios
Gross Profit Margin
17.00%14.89%14.90%18.19%18.95%17.73%19.65%20.63%22.90%20.92%18.52%17.73%
Operating Profit Margin
3.95%2.94%4.05%6.62%7.16%6.95%9.12%10.02%10.21%9.52%6.97%6.95%
Pretax Profit Margin
1.50%2.25%3.41%6.10%6.87%7.00%8.84%9.71%9.86%10.17%6.99%6.87%
Net Profit Margin
0.70%1.19%2.00%5.43%5.48%5.49%6.74%7.44%7.26%7.61%5.28%5.49%
Effective Tax Rate
53.14%47.18%41.21%11%20.33%21.48%23.80%23.35%26.34%25.14%24.42%20.33%
Return on Assets
0.66%1.51%2.93%6.86%7.88%7.71%8.93%10.21%10.31%10.15%7.05%7.71%
Return On Equity
-60.16%392.21%177.52%86.40%51.2%44.63%44.81%38.36%45.80%480.76%233.77%51.2%
Return on Capital Employed
14.98%12.23%17.29%25.95%24.85%24.25%31.37%28.98%34.29%38.13%26.92%24.85%
Liquidity Ratios
Current Ratio
1.031.071.111.131.151.131.15N/AN/AN/A1.061.13
Quick Ratio
1.031.071.111.290.460.380.370.670.491.041.060.46
Cash ratio
0.070.110.130.190.160.120.160.350.170.110.100.12
Days of Sales Outstanding
N/AN/AN/A35.4432.8227.8223.8827.2529.4334.4838.6132.82
Days of Inventory outstanding
N/AN/AN/A-39.51127.28141.76163.41127.84129.29N/AN/A141.76
Operating Cycle
N/AN/AN/A-4.06160.10169.59187.29155.10158.7334.4838.61169.59
Days of Payables Outstanding
2.462.083.156.135.783.565.638.719.498.157.385.78
Cash Conversion Cycle
-2.46-2.08-3.15-10.20154.31166.02181.66146.38149.2326.3231.22166.02
Debt Ratios
Debt Ratio
0.230.230.210.160.160.140.120.150.140.290.280.16
Debt Equity Ratio
-21.1661.1213.272.051.100.820.600.570.6514.018.271.10
Long-term Debt to Capitalization
1.050.980.920.650.510.430.360.350.390.920.880.51
Total Debt to Capitalization
1.040.980.920.670.520.450.370.360.390.930.890.52
Interest Coverage Ratio
1.604.026.1110.8511.4012.7617.52N/AN/AN/A5.4212.76
Cash Flow to Debt Ratio
0.280.260.310.59-0.251.201.470.431.090.490.27-0.25
Company Equity Multiplier
-91.14259.6460.5712.586.495.785.013.754.4447.3428.906.49
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.070.040.040.07-0.020.120.130.040.110.110.06-0.02
Free Cash Flow / Operating Cash Flow Ratio
0.860.850.720.841.410.900.930.810.900.860.720.90
Cash Flow Coverage Ratio
0.280.260.310.59-0.251.201.470.431.090.490.27-0.25
Short Term Coverage Ratio
7.413.963.956.32-4.7221.4024.8119.8137.4653.98-4.72
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A14.44%N/A