Is TriNet Group, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for TriNet Group, Inc. moved from very expensive to fair. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 24, while the EV to EBITDA ratio is 10.23, and the Price to Book Value is notably high at 63.96, indicating a premium valuation relative to its book value.
In comparison to peers, TriNet's P/E ratio of 23.23 is lower than Medpace Holdings, Inc., which has a P/E of 33.13, but higher than ICON plc at 14.64, suggesting a mixed competitive positioning. Additionally, Booz Allen Hamilton Holding Corp. has a more attractive valuation with a P/E of 15.81. Over the past year, TriNet has underperformed significantly, with a stock return of -36.85% compared to the S&P 500's return of 14.08%, reinforcing the notion that the stock may be struggling despite its fair valuation status.