Skip to Content
Morningstar

Trinet Group Inc TNET

Morningstar Rating
Unlock
Stock XNYS Rating as of
$129.66 −0.02 (0.02%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

TriNet Enjoys Resilient Customer Retention Despite Employment Headwinds

Emma Williams

We view TriNet as well placed to take share of the expansive, fragmented small and midsize business payroll and human capital management market, through industry consolidation and rising demand for comprehensive, outsourced solutions. Regional providers or do-it-yourself solutions such as Intuit’s QuickBooks or Microsoft Excel service most of the small-business market, creating meaningful scope for greater penetration by value-added providers like TriNet.

Read Full Report

Price vs Fair Value

View History
TNET is trading at a 11% discount.
Price
$129.68
Fair Value
$918.00
Uncertainty
High
1-Star Price
$389.76
5-Star Price
$37.00
Economic Moat
Cldkhmb
Capital Allocation
Ctxknjngb

Bulls Say, Bears Say

Bulls

Rising regulatory complexity, dispersed workforces, and fierce competition for labor are attractive tailwinds for TriNet and PEO peers.

Bears

TriNet is exposed to the small-business market, which is more susceptible to natural attrition and heightened risk of failure in an economic downturn.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if TNET is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$129.68
Day Range
$128.74–130.69
52-Week Range
$79.00–134.67
Bid/Ask
$52.12 / $206.15
Market Cap
$6.56 Bil
Volume/Avg
136,313 / 227,673

Key Statistics

Price/Earnings (Normalized)
17.49
Price/Sales
1.47
Dividend Yield (Trailing)
0.19%
Dividend Yield (Forward)
0.77%
Total Yield
17.07%

Company Profile

TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients’ employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.
Sector
Industrials
Industry
Staffing & Employment Services
Stock Style Box
Small Core
Total Number of Employees
4,500
Website
https://www.trinet.com

Competitors

Valuation

View More
Metric
TNET
PAYX
PCTY
Price/Earnings (Normalized)
 17.4926.6326.71
Price/Book Value
 82.3711.689.07
Price/Sales
 1.478.456.98
Price/Cash Flow
 12.7520.8321.37
Price/Earnings
TNET
PAYX
PCTY

Financial Strength

Metric
TNET
PAYX
PCTY
Quick Ratio
 0.330.430.12
Current Ratio
 1.051.241.11
Interest Coverage
 11.7357.72—
Quick Ratio
TNET
PAYX
PCTY

Profitability

Metric
TNET
PAYX
PCTY
Return on Assets (Normalized)
 13.02%14.17%6.84%
Return on Equity (Normalized)
 85.67%46.62%32.78%
Return on Invested Capital (Normalized)
 30.96%36.73%30.28%
Return on Assets
TNET
PAYX
PCTY
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Staffing & Employment Services Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
ADP
Automatic Data Processing IncZppgftjpFcdsh$101.2 Bil
PAYX
Paychex IncVfdsnlrznPsdt$43.8 Bil
RANJY
Randstad NV ADR—Ldcpq$9.2 Bil
RANJF
Randstad NV—Stpc$8.5 Bil
BZ
Kanzhun Ltd ADRPybdktmkMqtz$8.0 Bil
RHI
Robert Half IncQhhftzrfmTkrcfmp$7.5 Bil
AHEXF
Adecco Group AG—Hcjr$5.9 Bil
AHEXY
Adecco Group AG ADRYPrrx$5.7 Bil
NSP
Insperity IncZmvqcbdYpbljq$4.1 Bil

Sponsor Center