TriNet Group Inc (TNET) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of TriNet Group Inc stock $107, price $66.63, upside +60.0%, quality 67 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $33.23 – $128.02 · fair‑value band $81.81 – $131.41 · the $66.63 price screens below the $106.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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TriNet Group, Inc. provides comprehensive human capital management services for small and medium-sized businesses in the United States.
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The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers' compensation insurance and claims management; employment and benefits law compliance; and other HR related services.
It also provides a technology platform, an online and mobile tool that allows users to store, view, and manage HR information and administer various HR transactions, such as payroll processing, tax administration and credits, employee onboarding and termination, employee performance, time and attendance, compensation reporting, expense management, and benefits enrollment and administration, as well as incorporated workforce analytics and allows professional employer organization and administrative services offering clients to generate HR data, payroll, compensation, and other custom reports.
The company serves clients in various industries, including technology, professional services, financial services, life sciences, and not-for-profit. It sells its solutions through its direct sales organization. TriNet Group, Inc. was incorporated in 1988 and is headquartered in Dublin, California.
Stock analysis
TriNet Group Inc (TNET) currently trades at $66.63, while our model-based Fair Value estimate is $106.61, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $132.96 per share, and 17 of the 24 models we run sit above the $66.63 price.
Bear case: the Dividend Discount group reads lowest at $17.86, and 7 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $81.81 (bear) to $131.41 (bull), the price of $66.63 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
TriNet Group Inc reported revenue of $5.0B in FY2025 versus $4.5B in FY2021, a compound +2.5%/yr. Reported net income was $155M in FY2025, compounding −17.7%/yr from FY2021.
Key figures
Market cap $3.1B Mid · P/E ratio 18.0 · P/S ratio 0.66 · EPS (TTM) $3.71 · Dividend yield 1.7% · Net margin 3.6% · Return on equity 142% · Return on assets (EBIT) 11.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 101% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 14% fair-value upside, at 60%, TNET screens cheaper than that median.
Fair Value models
Bear$81.81Fair Value $106.61Bull$131.41
Price $66.63 · Upside +60.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($2.20 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF$106.18$152.18$220.4380
Growth DCF$106.85$146.53$201.3479
Owner Earnings$65.98$89.57$124.5777
All 24 models by family
DCF Models
FCF DCF$106.18$152.18$220.4380
Owner Earnings$65.98$89.57$124.5777
5Y Revenue Exit$85.72$118.91$160.9873
5Y EBITDA Exit$94.57$135.79$183.9776
5Y P/E Exit$83.82$115.30$148.3372
10Y Revenue Exit$91.02$122.91$165.5967
10Y EBITDA Exit$98.08$134.39$182.9169
10Y P/E Exit$91.39$120.45$156.0765
Earnings-Based
Graham-Dodd$22.96$78.44$105.2564
Lynch FV$18.03$25.76$33.4961
PEG = 1.0$18.03$25.76$33.4957
EPV$63.37$69.51$74.7974
Dividend Discount
Gordon GGM$9.79$19.21$28.6567
DDM Multi-Stage$9.79$16.50$20.3267
Multiples
P/E Multiple$53.18$70.91$88.6363
P/S Multiple$43.05$57.40$71.7558
EV/EBIT$95.71$120.34$144.9666
EV/EBITDA$93.83$117.83$141.8367
EV/Revenue$74.56$97.16$119.7654
Growth DCF
Growth DCF$106.85$146.53$201.3479
Rev-Margin DCF$85.72$119.39$159.3173
Economic Profit
Residual Income$3.57$4.62$8.6572
ROIC Compounder$63.37$69.51$74.7972
Growth Earnings
Growth-Adj P/E$45.46$64.94$84.4267
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
In the last 6 months, 4 officers or directors sold shares worth $732,148 and none bought.
SalePaul Edward ChamberlainDirector2,400 shares at $69.70$167,280Aug 27, 2026
SaleSidney A. MajalyaSVP, CLO and Secretary3× since Jan 9, 2026: 2,325 shares, avg. $55.80$129,743Aug 20, 202610b5-1 plan
SaleAnthony Shea TreadwaySVP, Chief Revenue Officer4× since Nov 18, 2025: 2,947 shares, avg. $54.46$160,481Aug 19, 202610b5-1 plan
SaleWayne B LowellDirector5,773 shares at $68.71$396,663Aug 4, 2026
BuyBrian C EvankoDirector5,000 shares at $37.70$188,500Mar 4, 2026
SaleJeffery Jon HaywardChief Technology Officer2× since Nov 20, 2025: 1,564 shares, avg. $57.31$89,627Nov 25, 202510b5-1 plan
Plus 26 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.4%
Start year 2020 (pandemic). Over 10 years: +6.5% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
−1.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.2%
Dividend (yield on the price)1.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−4.2% vs 22.2%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−9.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −11.8% a year for the price and +0.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (92 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: The company's investments in cloud-based HR tools form its main strength, while average positioning in staffing services without a durable edge and high leverage on a low equity base remain the key weakness.
Main risk: High leverage on a low equity base poses the biggest risk to the business, as it could limit financial flexibility for ongoing tech investments and distort returns in staffing services.
TriNet is adding engineering, data science and product roles across the US, Ireland and India to strengthen its cloud-based HR tools. This push into digital capabilities sits alongside its core work helping small businesses manage people and compliance. Our models see the shares as undervalued, but will the tech investments improve margins faster than they raise costs?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Staffing & Employment Services · 83 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "TriNet Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/TNET
Frequently asked questions
Is TriNet Group Inc (TNET) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $106.61 versus a price of $66.63, about +60% upside (undervalued).
What is the fair value of TNET?
Our model-based fair value for TriNet Group Inc is $106.61 (as of Nov 6, 2026), built from audited fundamentals. The current price: $66.63.
What is the quality score of TNET?
TriNet Group Inc has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TriNet Group Inc (TNET)?
Our model-based price target is the fair value of $106.61 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario $81.81, optimistic scenario $131.41. It is a calculation from audited fundamentals, not an analyst target.
What is the TriNet Group Inc stock forecast for 2026?
Our models put fair value at $106.61, about +60% upside versus a price of $66.63 (undervalued). Cautious scenario $81.81, optimistic scenario $131.41. The calculation is refreshed regularly with new filings.
What is the revenue of TriNet Group Inc (TNET)?
TriNet Group Inc reported trailing-twelve-month revenue of about $4.8B (latest available figure, as of Nov 6, 2026).
Does TriNet Group Inc pay a dividend?
TriNet Group Inc currently shows a dividend yield of 1.72% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of TriNet Group Inc (TNET) and when is the ex-dividend date?
TriNet Group Inc pays a dividend of $1.15 per share a year, a dividend yield of 1.7%. The last ex-dividend date was Oct 1, 2026. The payout ratio is 30.9% of earnings. Free cash flow covers the dividend 5.82 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into TriNet Group Inc (TNET)?
For today's price to be fair in a discounted-cash-flow model, TriNet Group Inc would have to grow free cash flow by -9.7 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of TNET use?
Our models discount TriNet Group Inc at 9.7 %: a base by market capitalisation (mid), damped by beta 0.98, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TriNet Group Inc that is -9.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has TriNet Group Inc (TNET) delivered so far?
Over the past 5 years revenue at TriNet Group Inc grew +4.4 % a year. The price currently implies free-cash-flow growth of -9.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TriNet Group Inc (TNET) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into TriNet Group Inc (-9.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TriNet Group Inc (TNET)?
The free-cash-flow yield on the price is 9.77 %: that much free cash flow TriNet Group Inc produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TriNet Group Inc (TNET)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TriNet Group Inc it is $106.61 per share (as of Nov 6, 2026), against a price of $66.63. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is TriNet Group Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, TNET trades below its calculated fair value: price $66.63, fair value $106.61, a gap of about +60% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TNET?
No. The price is what the market pays today ($66.63); the fair value is what the company's own numbers justify ($106.61). For TriNet Group Inc the two are $39.98 per share apart. That gap is exactly why we show both numbers side by side.
How much is TriNet Group Inc worth?
The market values TriNet Group Inc at about $3.1B (market capitalisation, as of Nov 6, 2026). Per share that is $66.63; our models calculate a fair value of $106.61 per share.
What do the bullish and bearish scenarios say about TNET?
Our models span a range for TriNet Group Inc: cautious scenario $81.81, base $106.61, optimistic $131.41 per share (as of Nov 6, 2026, price $66.63). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TNET?
TriNet Group Inc trades at a price-to-earnings ratio of 18.0 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $106.61 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2023, FY2024, FY2025 ex one-offs: 18.9. Other multiples: PEG 7.2, P/S 0.7, EV/EBITDA 7.6.
What is the PEG ratio of TNET?
The PEG ratio of TriNet Group Inc is 7.22 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of TriNet Group Inc (TNET)?
Balance-sheet figures for TriNet Group Inc (as of Nov 6, 2026): return on equity 141.6%, debt of 16.57 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is TNET from its 52-week high?
TriNet Group Inc trades at $66.63, about 12% below its 52-week high of $75.78 and 101% above the low of $33.23 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $106.61 is for.
Which stocks are comparable to TriNet Group Inc?
From the same area (Industrials) we also value Randstad N.V, Adecco Group, Korn Ferry,, Robert Half Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TriNet Group Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $66.63, calculated fair value $106.61 (+60%), Quality Score 67/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TNET calculated?
We run TriNet Group Inc through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $106.61 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. TriNet Group Inc currently trades 38% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TriNet Group Inc (TNET)?
The closing price on Nov 6, 2026 was $66.63. Our model-based fair value is $106.61, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TriNet Group Inc right now?
The price is below even our cautious bear case ($81.81). The market is more pessimistic than our downside scenario. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of TriNet Group Inc (TNET) come from?
Earnings per share at TriNet Group Inc grew +26.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.7 %, EBIT margin +7.2 %, tax rate +3.4 %, residual (interest, one-offs) +3.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of TriNet Group Inc
How large is the market capitalisation of TriNet Group Inc (TNET)?
The market capitalisation of TriNet Group Inc is $3.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TriNet Group Inc (TNET)?
The price-to-sales ratio of TriNet Group Inc is 0.66 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TriNet Group Inc (TNET)?
Earnings per share at TriNet Group Inc are $3.71 (price ÷ EPS = P/E 18.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TriNet Group Inc (TNET)?
The dividend yield of TriNet Group Inc is 1.7% (payout 30.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TriNet Group Inc (TNET)?
The net margin of TriNet Group Inc is 3.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TriNet Group Inc (TNET)?
The return on equity (ROE) of TriNet Group Inc is 142% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TriNet Group Inc (TNET)?
On an EBIT basis the return on assets of TriNet Group Inc is 11.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TriNet Group Inc (TNET)?
The operating margin of TriNet Group Inc is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TriNet Group Inc (TNET)?
Revenue at TriNet Group Inc is growing −4.4% versus a year earlier (3y avg +0.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TriNet Group Inc (TNET)?
Earnings per share at TriNet Group Inc are growing −7.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does TriNet Group Inc (TNET) hold?
TriNet Group Inc holds more cash than debt, $1.0B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 6, 2026