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TriNet Group (TNET) Fair Value & Analysis

Industrials · US · Market cap $2.6B

TG TriNet Group logo TriNet Group TNET · US
Price$68.50
Fair Value$70.85
Upside+3.4%
Quality67/100
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Mixed Growth
Thin margins · 3.3% net margin
High debt · generates free cash flow
2.04% dividend yield
Mixed vs. peers (6/15)
Moderate moat 53/100
Evidence: High Range $53.13 – $88.56 Share as image

Fair value as of: Jul 14, 2026

From 26 valuation models · updated 27 days ago

Share price +24.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from $53.13 (bear) to $88.56 (bull), base $70.85. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 67/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$128.61 $33.38 Fair Value $70.85 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range $33.38 – $128.61 · fair‑value band $53.13 – $88.56 · the $68.50 price screens below the $70.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

TriNet Group (TNET) currently trades at $68.50, while our model-based Fair Value estimate is $70.85, implying the stock looks roughly 3.4% fairly valued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, TriNet Group generated revenue of $4.9B at a net margin of 3.3%. Revenue declined 4.9% year over year. It earns a return on equity of 217.8%. The balance sheet holds a net cash position of $1.0B. Fundamentals as of Jul 14, 2026

Our scenario range runs from $53.13 (bear case) to $88.56 (bull case); at $68.50, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 105% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at 3%, TNET screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $98.00 $134.28 $185.12 80
Residual Income $6.16 $10.43 $223.20 76
Rev-Margin DCF $82.38 $115.63 $154.98 74
All 26 models by family
DCF Models
FCF DCF $97.32 $139.29 $202.45 38
Owner Earnings $77.82 $108.68 $155.12 31
5Y Revenue Exit $82.38 $115.35 $157.36 39
5Y EBITDA Exit $91.31 $132.37 $180.53 41
5Y P/E Exit $80.47 $111.71 $144.61 38
10Y Revenue Exit $85.61 $116.92 $159.17 36
10Y EBITDA Exit $92.79 $128.59 $176.78 37
10Y P/E Exit $85.98 $114.42 $149.49 35
Earnings-Based
Graham-Dodd $22.94 $78.38 $105.16 54
Lynch FV $18.02 $25.74 $33.46 50
PEG = 1.0 $18.02 $25.74 $33.46 46
EPV $64.00 $70.38 $75.87 59
Dividend Discount
Gordon GGM $9.94 $19.81 $29.99 70
DDM Multi-Stage $9.94 $16.86 $20.91 61
Multiples
P/E Multiple $53.13 $70.85 $88.56 63
P/S Multiple $43.01 $57.35 $71.69 58
P/B Multiple $3.97 $5.29 $6.61 55
EV/EBIT $97.45 $122.06 $146.67 53
EV/EBITDA $95.58 $119.56 $143.54 54
EV/Revenue $76.32 $98.90 $121.48 43
Asset-Based
NCAV (Graham) $0.5900 $0.7900 $1.18 50
Growth DCF
Growth DCF $98.00 $134.28 $185.12 80
Rev-Margin DCF $82.38 $115.63 $154.98 74
Economic Profit
Residual Income $6.16 $10.43 $223.20 76
ROIC Compounder $64.00 $70.38 $75.87 72
Growth Earnings
Growth-Adj P/E $45.42 $64.88 $84.35 68

Widest divergence: Growth DCF ($115.63) versus Asset-Based ($0.7900). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $4.9B
Revenue growth (YoY) -4.9%
Net margin 3.3%
Return on equity 218%
Free cash flow $306M FY2025
P/E ratio 13.8
More key figures
Operating margin 11.2%
EPS (TTM) $3.38
Dividend yield 2.4%
EPS growth (YoY) +10.7%
Net cash $1.0B FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 63 · Market factors (momentum, volatility) 58

Profitability 61
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 61
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

TriNet Group, Inc. provides comprehensive human capital management services for small and medium-sized businesses in the United States.

Full company description

TriNet Group, Inc. provides comprehensive human capital management services for small and medium-sized businesses in the United States. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TriNet Group 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.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$5.0B
Latest YoY
−0.9%
Avg. growth/yr (3Y)
+0.8%
Avg. growth/yr (5Y)
+4.4%
Avg. growth/yr (14Y)
+13.6%
Revenue +2.5%/yr
FY21 $4.5B
FY22 $4.9B
FY23 $4.9B
FY24 $5.1B
FY25 $5.0B
Net income −17.7%/yr
FY21 $338M
FY22 $355M
FY23 $375M
FY24 $173M
FY25 $155M

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Cite: Fair Value Calculator (2026). "TriNet Group Fair Value". https://www.fairvalue-calculator.com/stock/TNET

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Staffing & Employment Services · 85 stocks

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.

Quality Score 67 · Top 25%
Fair Value upside +3% · Below median
Return on equity (TTM) 218% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 11% · Top 25%
Revenue growth -5% · Below median
Dividend yield (TTM) 2.0% · Below median
Debt / equity 16.57× · Higher than 75% of peers

Valuation Multiples vs Staffing & Employment Services median · lower = cheaper

P/E (TTM) 16.4× · Pricier than median
P/B 47.25× · Pricier than 75% of peers
P/S (TTM) 0.52× · Pricier than median
P/FCF 8.3× · Pricier than median
EV/EBITDA 5.6× · Cheaper than median
PEG 7.22× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 38 · sector 41
FUTURE 0 · sector 1
PAST 100 · sector 36
HEALTH 0 · sector 95
DIVIDEND 41 · sector 60

Insider activity: 44/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Adecco Group ADEN CHF 20.46 CHF 23.73 +16%
Korn Ferry, KFY $78.61 $114.56 +46%
Robert Half Inc RHI $36.70 $22.10 -40%
ManpowerGroup Inc MAN $39.02 $29.67 -24%
Insperity, Inc NSP $49.48 $17.34 -65%
FESCO Group 600861 ¥13.24 ¥45.46 +243%
Grupa Pracuj S.A GPP 47.40 PLN 65.45 PLN +38%
Barrett Business Services, Inc BBSI $37.43 $38.42 +3%
Maharah for Human Resources Company 1831 5.36 SAR 6.92 SAR +29%
Kforce Inc KFRC $55.49 $31.93 -42%

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Frequently asked questions

Is TriNet Group (TNET) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of $70.85 versus a price of $68.50, about +3% (fairly valued).
What is the fair value of TNET?
Our model-based fair value for TriNet Group is $70.85 (as of Jul 14, 2026), built from audited fundamentals. The current price is $68.50.
What is the quality score of TNET?
TriNet Group 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 revenue of TriNet Group (TNET)?
TriNet Group reported trailing-twelve-month revenue of about $4.9B (latest available figure, as of Jul 14, 2026).
What is the net profit margin of TNET?
The net profit margin of TriNet Group is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.
Does TriNet Group pay a dividend?
TriNet Group currently shows a dividend yield of about 2.41% relative to its recent price (as of Jul 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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