TriNet Group Inc (TNET) Fair Value & Analysis
Industrials · US · Market cap $2.6B · ISIN US8962881079
What is TriNet Group Inc really worth?
A solid business, trading 35% below our fair value of $107.10.
Risks
For context
Fair value as of: Aug 21, 2026
From 26 valuation models · updated 15 days ago
Fair value updated Aug 21, 2026, revised from $97.07 to $107.10 (+10.3%) since Aug 13, 2026. Share price +0.2% over the past month.
What runs behind every stock
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What matters now
- The price is below even our cautious bear case ($82.19). The market is more pessimistic than our downside scenario.
- Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range $33.38 – $128.61 · fair‑value band $82.19 – $132.02 · the $69.42 price screens below the $107.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.
Analysis
TriNet Group Inc (TNET) currently trades at $69.42, while our model-based Fair Value estimate is $107.10, implying the stock looks roughly 35.2% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bull case: the Growth DCF group reads highest at a median of $115.63 per share, and 17 of the 26 models we run sit above the $69.42 price. Bear case: the Dividend Discount group reads lowest at $16.86, and 9 of the 26 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, TriNet Group Inc 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 Aug 21, 2026
Our scenario range runs from $82.19 (bear case) to $132.02 (bull case); at $69.42, the current price sits below 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 15% below its 52-week high and 108% 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 54%, TNET screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $1.53 per share, which is 1.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth DCF ($115.63) versus Asset-Based ($0.7900). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 64
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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 Inc 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.
of which total revenue +7.4 % · buybacks/dilution +3.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Staffing & Employment Services · 80 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.
Valuation Multiples vs Staffing & Employment Services median · lower = cheaper
Strength profile in five axes (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.
Insider activity: 46/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adecco Group ADEN | CHF 24.06 | CHF 24.15 | +0% |
| Korn Ferry, KFY | $83.30 | $114.56 | +38% |
| Robert Half Inc RHI | $43.55 | $20.51 | −53% |
| ManpowerGroup Inc MAN | $61.19 | $23.19 | −62% |
| Insperity, Inc NSP | $51.40 | $17.34 | −66% |
| FESCO Group 600861 | ¥13.02 | ¥45.46 | +249% |
| Grupa Pracuj S.A GPP | 53.50 PLN | 65.45 PLN | +22% |
| Barrett Business Services, Inc BBSI | $32.95 | $38.11 | +16% |
| Maharah for Human Resources Company 1831 | 4.68 SAR | 6.87 SAR | +47% |
| Kforce Inc KFRC | $57.71 | $31.40 | −46% |
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