Market Pulse49Neutral

TriNet Group, Inc.Opportunity Rank #53(TNET) Intrinsic Value & DCF Analysis (2026)

Sector: Industrials

Current Price

$45.82

Last updated: Jun 24, 2026

Price vs Intrinsic Value

$45.82
Price
$129.05
Intrinsic Value
Undervalued by 182%MOS: $103.24

Fundamental Score

60/100
Neutral

Weighted across 6 signals

Narrative Score

54/100
Weak

No change vs previous

Trend Score

53/100
Neutral

As of 2026-06-23

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 $45.82, 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: 7.86%), 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 $45.82, 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: 7.86%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$129.05
181.65% 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
181.6% discount to price
100
FCF Yield
18.2% 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: 67%Updated: 2h ago
Sources: 22 (19 News · 3 Analyst)
Drivers(last 30 days)
18 news sentiment+0.3
Regulatory scrutiny+0.0
3 analyst reiterations0.0

Trend Details

53/100
NeutralAs of 2026-06-23309 daily bars used
6M Relative Strength vs SPY-31.9%
Distance from 52-Week High-39.1%
21 EMA vs 50 EMA+3.0%
Price vs 21 EMA55 · +0.9%
Price vs 50 EMA68 · +3.9%
21 EMA vs 50 EMA73 · +3.0%
3M RS vs SPY73 · +5.9%
6M RS vs SPY3 · -31.9%
Distance from 52W High22 · -39.1%

Investment Coach

Updating... 13d 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. 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.