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, indicating a significant shift in its perceived value. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 24, an EV to EBIT ratio of 16.09, and an EV to EBITDA ratio of 10.23, which suggest that while the company is not the cheapest option available, it is not excessively priced compared to its peers.
In comparison to its peers, TriNet Group's P/E ratio of 23.23 is lower than Medpace Holdings, Inc. at 33.13, but higher than ICON plc at 14.64, and Booz Allen Hamilton Holding Corp. at 15.81. This places TriNet in a competitive position within its industry. However, the company's stock has underperformed relative to the S&P 500, with a year-to-date return of -32.57% compared to the index's 13.30%, indicating potential challenges ahead despite its fair valuation.