Market Pulse44Neutral

TriNet Group, Inc.Opportunity Rank #84(TNET) Intrinsic Value & DCF Analysis (2026)

Sector: Industrials

Current Price

$43.10

Last updated: Jun 23, 2026

Price vs Intrinsic Value

$43.10
Price
$129.05
Intrinsic Value
Undervalued by 199%MOS: $103.24

Fundamental Score

60/100
Neutral

Weighted across 6 signals

Narrative Score

54/100
Weak

No change vs previous

Trend Score

36/100
Weak

As of 2026-06-22

The intrinsic value of TriNet Group, Inc. (TNET) is estimated at $129.05 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $43.10, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 6.74% long-term growth rate and a 10.00% discount rate (calculated: 8.12%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of TriNet Group, Inc. (TNET) is estimated at $129.05 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $43.10, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 6.74% long-term growth rate and a 10.00% discount rate (calculated: 8.12%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$129.05
199.42% upside
20% margin of safety: $103.24
Years: 10Growth Rate: 6.74%
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Capital Efficiency

Average Quarterly ROIC
10.79%
Cost of Capital (estimated)11%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

60/100
NeutralWeighted across 6 signals
DCF Discount
199.4% discount to price
100
FCF Yield
19.4% trailing FCF yield
100
ROIC vs WACC
ROIC 10.8% vs WACC 11.0% (1.0x)
49
Net Debt / FCF
1.4x net debt to FCF
47
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
-4.5% 5Y FCF CAGR (adjusted)
0
Strengths: DCF Discount, FCF Yield. Concerns: FCF CAGR (5Y).

Narrative Details

54/100
Weak
Vs 6-Month Baseline:Average (42nd pct)Weighted across 3 recent drivers
Trend: StableConfidence: 68%Updated: 4h ago
Sources: 23 (20 News · 3 Analyst)
Drivers(last 30 days)
19 news sentiment+0.4
Regulatory scrutiny+0.0
3 analyst reiterations0.0

Trend Details

36/100
WeakAs of 2026-06-22308 daily bars used
6M Relative Strength vs SPY-40.8%
Distance from 52-Week High-42.7%
Price vs 21 EMA-5.0%
Price vs 21 EMA22 · -5.0%
Price vs 50 EMA40 · -2.1%
21 EMA vs 50 EMA74 · +3.1%
3M RS vs SPY46 · -0.8%
6M RS vs SPY1 · -40.8%
Distance from 52W High15 · -42.7%

Investment Coach

Updating... 12d ago
BUYConfidence: 63%
Thesis
TriNet Group, Inc. is significantly undervalued with an estimated fair value nearly 200% above its current price, supported by healthy free cash flow yield and constructive fundamentals. The company's improving narrative and strong buyback activity further enhance its investment appeal.
Key Risk
The slight negative spread between ROIC and WACC indicates potential challenges in generating returns above the cost of capital.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC vs WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 6.74%5 Year CAGR: 8.28%

Free Cash Flow (in millions)

TTM202520242023202220212020201920182017201620152014201320122011
$384$300$357$620$618$258$582$516-$61$291$184$149$174$111$90$54

How Intrinziq Estimates Fair Value

Intrinziq estimates TriNet Group, Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

TriNet Group, Inc.Industrials

TriNet Group, Inc. empowers small and medium-sized enterprises across the United States by delivering essential human resources (HR) services, comprehensive payroll solutions, employee benefits administration, and proactive employment risk management. Their suite of offerings includes seamless multi-state payroll processing and tax oversight, diverse employee welfare programs such as health coverage and retirement savings, workers' compensation insurance alongside claims resolution, compliance assistance for employment and benefits regulations, and a broad spectrum of additional HR support. TriNet caters to a diverse clientele spanning sectors like technology, professional services, financial services, life sciences, non-profit organizations, property management, retail, manufacturing, and hospitality. The company's solutions are exclusively disseminated through its internal direct sales organization. Established in 1988, TriNet Group, Inc. maintains its corporate headquarters in Dublin, California.