Is TriNet Group, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for TriNet Group, Inc. has 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 at 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 its peers, TriNet Group's P/E ratio of 23.23 is lower than Medpace Holdings, Inc. at 33.13, which is considered very expensive, but higher than ICON plc, which has a P/E of 14.64 and is rated attractive. This suggests that while TriNet is not the cheapest option, it is more reasonably priced than some of its higher-valued competitors. Although specific return data is not available, it is worth noting that TriNet's recent performance should be evaluated against broader market indices like the S&P 500 to gauge relative strength.