(TNET) TriNet - Overview
Stock: Payroll, Benefits, Compliance, Platform
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.62% |
| Yield on Cost 5y | 1.42% |
| Yield CAGR 5y | 43.33% |
| Payout Consistency | 100.0% |
| Payout Ratio | 25.9% |
| Risk 5d forecast | |
|---|---|
| Volatility | 46.9% |
| Relative Tail Risk | -12.9% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.11 |
| Alpha | -50.43 |
| Character TTM | |
|---|---|
| Beta | 0.749 |
| Beta Downside | 0.691 |
| Drawdowns 3y | |
|---|---|
| Max DD | 58.39% |
| CAGR/Max DD | -0.17 |
Description: TNET TriNet January 12, 2026
TriNet Group, Inc. (NYSE:TNET) delivers a cloud-based, full-service human capital management (HCM) platform tailored to small- and medium-size enterprises (SMEs) across the United States, covering multi-state payroll, tax administration, benefits enrollment, workers-comp insurance, compliance, and workforce analytics.
The company’s technology suite enables clients to execute core HR transactions-payroll, onboarding, performance tracking, time-and-attendance, expense management, and compensation reporting-through an integrated web and mobile interface, while also providing professional employer organization (PEO) clients with customizable data and reporting tools.
TriNet serves a diversified client base spanning technology, professional services, financial services, life sciences, and not-for-profit sectors, and reaches these customers via a dedicated direct-sales force that emphasizes relationship-driven selling and cross-selling of ancillary HR solutions.
Recent financial metrics (FY 2023) show revenue of approximately $1.8 billion, a year-over-year growth rate of ~10%, and an operating margin near 12%; the stock trades at a forward P/E of roughly 45×, reflecting market expectations for continued expansion in the PEO market, which is projected to grow at a 6% CAGR through 2028 driven by increasing SME adoption of outsourced HR services.
Key macro drivers include the health of the U.S. employment landscape, regulatory complexity that fuels demand for compliance expertise, and the broader shift toward digital HR platforms that improve cost efficiency for growing businesses.
For a deeper quantitative assessment, the ValueRay platform offers a granular breakdown of TNET’s valuation multiples.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 133.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.22 > 0.02 and ΔFCF/TA 10.59 > 1.0 |
| NWC/Revenue: 4.89% < 20% (prev 3.30%; Δ 1.60% < -1%) |
| CFO/TA 0.23 > 3% & CFO 797.0m > Net Income 133.0m |
| Net Debt (622.0m) to EBITDA (317.0m): 1.96 < 3 |
| Current Ratio: 1.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (48.0m) vs 12m ago -4.0% < -2% |
| Gross Margin: 18.47% > 18% (prev 0.20%; Δ 1828 % > 0.5%) |
| Asset Turnover: 142.2% > 50% (prev 134.3%; Δ 7.97% > 0%) |
| Interest Coverage Ratio: 4.14 > 6 (EBITDA TTM 317.0m / Interest Expense TTM 57.0m) |
Altman Z'' 0.00
| A: 0.07 (Total Current Assets 2.50b - Total Current Liabilities 2.25b) / Total Assets 3.42b |
| B: -0.29 (Retained Earnings -1.00b / Total Assets 3.42b) |
| C: 0.07 (EBIT TTM 236.0m / Avg Total Assets 3.58b) |
| D: 0.03 (Book Value of Equity 110.0m / Total Liabilities 3.31b) |
| Altman-Z'' Score: 0.00 = B |
Beneish M -3.29
| DSRI: 0.91 (Receivables 486.0m/526.0m, Revenue 5.09b/5.01b) |
| GMI: 1.07 (GM 18.47% / 19.83%) |
| AQI: 0.89 (AQ_t 0.26 / AQ_t-1 0.29) |
| SGI: 1.02 (Revenue 5.09b / 5.01b) |
| TATA: -0.19 (NI 133.0m - CFO 797.0m) / TA 3.42b) |
| Beneish M-Score: -3.29 (Cap -4..+1) = AA |
What is the price of TNET shares?
Over the past week, the price has changed by -8.62%, over one month by -8.29%, over three months by +1.81% and over the past year by -37.10%.
Is TNET a buy, sell or hold?
- StrongBuy: 2
- Buy: 0
- Hold: 3
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the TNET price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 70.4 | 25.8% |
| Analysts Target Price | 70.4 | 25.8% |
| ValueRay Target Price | 53.6 | -4.3% |
TNET Fundamental Data Overview February 04, 2026
P/E Forward = 12.3001
P/S = 0.6118
P/B = 25.526
P/EG = 7.216
Revenue TTM = 5.09b USD
EBIT TTM = 236.0m USD
EBITDA TTM = 317.0m USD
Long Term Debt = 895.0m USD (from longTermDebt, last quarter)
Short Term Debt = 10.0m USD (from shortTermDebt, last quarter)
Debt = 943.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 622.0m USD (from netDebt column, last quarter)
Enterprise Value = 3.66b USD (3.04b + Debt 943.0m - CCE 321.0m)
Interest Coverage Ratio = 4.14 (Ebit TTM 236.0m / Interest Expense TTM 57.0m)
EV/FCF = 4.79x (Enterprise Value 3.66b / FCF TTM 765.0m)
FCF Yield = 20.88% (FCF TTM 765.0m / Enterprise Value 3.66b)
FCF Margin = 15.04% (FCF TTM 765.0m / Revenue TTM 5.09b)
Net Margin = 2.61% (Net Income TTM 133.0m / Revenue TTM 5.09b)
Gross Margin = 18.47% ((Revenue TTM 5.09b - Cost of Revenue TTM 4.15b) / Revenue TTM)
Gross Margin QoQ = 17.53% (prev 17.77%)
Tobins Q-Ratio = 1.07 (Enterprise Value 3.66b / Total Assets 3.42b)
Interest Expense / Debt = 1.38% (Interest Expense 13.0m / Debt 943.0m)
Taxrate = 32.0% (16.0m / 50.0m)
NOPAT = 160.5m (EBIT 236.0m * (1 - 32.00%))
Current Ratio = 1.11 (Total Current Assets 2.50b / Total Current Liabilities 2.25b)
Debt / Equity = 8.57 (Debt 943.0m / totalStockholderEquity, last quarter 110.0m)
Debt / EBITDA = 1.96 (Net Debt 622.0m / EBITDA 317.0m)
Debt / FCF = 0.81 (Net Debt 622.0m / FCF TTM 765.0m)
Total Stockholder Equity = 87.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.72% (Net Income 133.0m / Total Assets 3.42b)
RoE = 152.4% (Net Income TTM 133.0m / Total Stockholder Equity 87.2m)
RoCE = 24.03% (EBIT 236.0m / Capital Employed (Equity 87.2m + L.T.Debt 895.0m))
RoIC = 15.31% (NOPAT 160.5m / Invested Capital 1.05b)
WACC = 6.85% (E(3.04b)/V(3.98b) * Re(8.68%) + D(943.0m)/V(3.98b) * Rd(1.38%) * (1-Tc(0.32)))
Discount Rate = 8.68% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.99%
[DCF Debug] Terminal Value 83.02% ; FCFF base≈634.2m ; Y1≈662.2m ; Y5≈764.4m
Fair Price DCF = 345.9 (EV 17.24b - Net Debt 622.0m = Equity 16.62b / Shares 48.0m; r=6.85% [WACC]; 5y FCF grow 4.72% → 2.90% )
EPS Correlation: -62.47 | EPS CAGR: -52.83% | SUE: -1.29 | # QB: 0
Revenue Correlation: 51.30 | Revenue CAGR: 0.0% | SUE: 0.72 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.00 | Chg30d=-0.003 | Revisions Net=-1 | Analysts=6
EPS next Year (2026-12-31): EPS=4.93 | Chg30d=-0.018 | Revisions Net=-1 | Growth EPS=+5.4% | Growth Revenue=+3.0%