TriNet Group, Inc.

DB:TN3 Stock Report

Market Cap: €4.4b

TriNet Group Valuation

Is TN3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TN3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate TN3's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate TN3's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TN3?

Key metric: As TN3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TN3. This is calculated by dividing TN3's market cap by their current earnings.
What is TN3's PE Ratio?
PE Ratio16.9x
EarningsUS$263.00m
Market CapUS$4.50b

Price to Earnings Ratio vs Peers

How does TN3's PE Ratio compare to its peers?

The above table shows the PE ratio for TN3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11x
AAD Amadeus FiRe
12x7.2%€418.3m
GBF Bilfinger
7.5x2.2%€1.7b
ADEN Adecco Group
13.4x14.9%CHF 3.7b
CWC CEWE Stiftung KGaA
11.2x2.2%€720.4m
TN3 TriNet Group
16.9x2.9%€4.5b

Price-To-Earnings vs Peers: TN3 is expensive based on its Price-To-Earnings Ratio (16.9x) compared to the peer average (11x).

Price to Earnings Ratio vs Industry

How does TN3's PE Ratio compare vs other companies in the European Professional Services Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TN3 16.9xIndustry Avg. 18.6xNo. of Companies11PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TN3 is good value based on its Price-To-Earnings Ratio (16.9x) compared to the European Professional Services industry average (18.6x).

Price to Earnings Ratio vs Fair Ratio

What is TN3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TN3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.9x
Fair PE Ratio11.5x

Price-To-Earnings vs Fair Ratio: TN3 is expensive based on its Price-To-Earnings Ratio (16.9x) compared to the estimated Fair Price-To-Earnings Ratio (11.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TN3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€86.50
€91.87
+6.2%
7.3%€99.01€80.92n/a4
Dec ’25€86.50
€96.97
+12.1%
12.8%€118.60€80.65n/a5
Nov ’25€77.00
€91.34
+18.6%
13.9%€115.56€78.58n/a5
Oct ’25€85.50
€109.34
+27.9%
14.7%€134.99€92.69n/a6
Sep ’25€91.50
€111.15
+21.5%
13.8%€134.82€92.58n/a6
Aug ’25€95.00
€116.05
+22.2%
11.6%€138.15€98.55n/a6
Jul ’25€91.50
€115.03
+25.7%
11.6%€135.05€99.66n/a6
Jun ’25€94.50
€116.85
+23.6%
11.4%€134.65€99.36n/a6
May ’25€95.00
€119.19
+25.5%
10.1%€135.55€100.02n/a6
Apr ’25€120.00
€122.20
+1.8%
9.6%€138.17€110.53n/a6
Mar ’25€117.00
€121.43
+3.8%
9.4%€139.22€111.37n/a6
Feb ’25€104.00
€117.59
+13.1%
7.9%€132.39€106.82n/a5
Jan ’25€106.00
€118.56
+11.8%
8.0%€133.68€107.86€85.005
Dec ’24€104.00
€118.56
+14.0%
8.0%€133.68€107.86€86.505
Nov ’24€95.50
€121.62
+27.4%
8.1%€137.34€110.82€77.005
Oct ’24€109.00
€116.70
+7.1%
12.4%€136.91€100.09€85.505
Sep ’24€103.00
€100.50
-2.4%
12.1%€115.25€80.21€91.505
Aug ’24€94.00
€90.82
-3.4%
12.1%€109.42€79.33€95.005
Jul ’24€87.00
€86.61
-0.4%
12.2%€105.96€75.55€91.505
Jun ’24€84.50
€86.61
+2.5%
12.2%€105.96€75.55€94.505
May ’24€84.00
€80.54
-4.1%
5.7%€87.12€74.42€95.004
Apr ’24€71.50
€75.89
+6.1%
8.3%€84.32€69.33€120.004
Mar ’24€77.00
€75.89
-1.4%
8.3%€84.32€69.33€117.004
Feb ’24€68.00
€76.22
+12.1%
17.4%€96.67€62.28€104.004
Jan ’24€63.00
€83.05
+31.8%
16.4%€104.37€70.25€106.004

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 00:45
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TriNet Group, Inc. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Samuel EnglandBerenberg
Kevin McVeighCredit Suisse
Paul GinocchioDeutsche Bank