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Australian (ASX) HR Services Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies9
  • 7D4.6%
  • 3M-13.5%
  • 1Y2.6%
  • YTDn/a

In the last week, the HR Services industry is up 4.6%, with Smartgroup up 7.0%. Meanwhile, Klevo Rewards actually underperformed within the industry, shrinking 21% in the last week. Overall in the last year, the industry is flat. Earnings are forecast to grow by 6.5% annually.

Industry Valuation and Performance

Has the Australian HR Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026AU$2.4bAU$2.8bAU$182.9m10.9x13x0.8x
Fri, 27 Feb 2026AU$2.6bAU$2.8bAU$183.7m12.5x14x0.9x
Sun, 25 Jan 2026AU$2.7bAU$2.8bAU$169.8m13.5x15.9x1x
Tue, 23 Dec 2025AU$2.7bAU$2.8bAU$169.8m13x16.1x1x
Thu, 20 Nov 2025AU$2.5bAU$2.8bAU$169.8m13.1x14.9x0.9x
Sat, 18 Oct 2025AU$2.6bAU$2.8bAU$169.8m12.9x15.5x1x
Mon, 15 Sep 2025AU$2.7bAU$2.8bAU$169.8m13.2x15.7x1x
Wed, 13 Aug 2025AU$2.7bAU$2.8bAU$172.6m14.1x15.8x1x
Fri, 11 Jul 2025AU$2.6bAU$2.8bAU$169.7m13x15.1x0.9x
Sun, 08 Jun 2025AU$2.4bAU$2.8bAU$169.7m12.1x14x0.9x
Tue, 06 May 2025AU$2.4bAU$2.8bAU$169.7m12.1x14.4x0.9x
Thu, 03 Apr 2025AU$2.3bAU$2.8bAU$169.7m11.8x13.5x0.8x
Sat, 01 Mar 2025AU$2.5bAU$2.8bAU$170.3m14.4x14.9x0.9x
Mon, 27 Jan 2025AU$2.4bAU$2.8bAU$167.9m17.1x14.2x0.9x
Wed, 25 Dec 2024AU$2.3bAU$2.8bAU$167.9m16x13.8x0.8x
Fri, 22 Nov 2024AU$2.3bAU$2.8bAU$167.9m15.7x14x0.8x
Sun, 20 Oct 2024AU$2.5bAU$2.8bAU$167.9m17.5x15x0.9x
Tue, 17 Sep 2024AU$3.8bAU$5.1b-AU$52,831,402.0016.3x-71x0.7x
Thu, 15 Aug 2024AU$3.9bAU$4.9bAU$232.6m15.6x16.8x0.8x
Sat, 13 Jul 2024AU$3.9bAU$4.9bAU$233.3m16.3x16.7x0.8x
Mon, 10 Jun 2024AU$3.9bAU$4.9bAU$233.3m16.4x16.7x0.8x
Wed, 08 May 2024AU$3.8bAU$4.9bAU$233.3m15.6x16.5x0.8x
Fri, 05 Apr 2024AU$4.5bAU$4.9bAU$233.3m18.8x19.1x0.9x
Sun, 03 Mar 2024AU$4.8bAU$4.9bAU$233.3m20.3x20.5x1x
Tue, 30 Jan 2024AU$3.5bAU$4.6bAU$259.1m17.5x13.5x0.8x
Thu, 28 Dec 2023AU$3.8bAU$4.6bAU$259.1m16.5x14.5x0.8x
Sat, 25 Nov 2023AU$4.1bAU$4.6bAU$259.1m15.4x15.7x0.9x
Mon, 23 Oct 2023AU$4.4bAU$4.6bAU$259.1m16.4x17x1x
Wed, 20 Sep 2023AU$4.4bAU$4.6bAU$259.1m16.1x16.9x0.9x
Fri, 18 Aug 2023AU$4.7bAU$4.1bAU$307.8m16.7x15.2x1.1x
Sun, 16 Jul 2023AU$4.7bAU$4.1bAU$304.3m16.2x15.5x1.1x
Tue, 13 Jun 2023AU$4.5bAU$4.1bAU$304.3m14.4x14.9x1.1x
Thu, 11 May 2023AU$4.4bAU$4.1bAU$304.3m14.1x14.4x1.1x
Sat, 08 Apr 2023AU$4.3bAU$4.1bAU$304.3m13.6x14.2x1x
Price to Earnings Ratio

14.2x


Total Market Cap: AU$4.3bTotal Earnings: AU$304.3mTotal Revenue: AU$4.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian HR Services Industry Price to Earnings3Y Average 13.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Human Resource and Employment Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 13.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.91x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have declined 16% per year over the last three years,
  • Revenues have also declined 12% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Australian HR Services compare with similar industries?

AU Market1.07%
Industrials0.96%
Professional Services2.48%
HR Services4.63%
Research and Consulting Services5.43%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SIQ SmartgroupAU$8.324.8%
+AU$49.4m		14.3%PE13.6x
MMS McMillan ShakespeareAU$14.962.9%
+AU$29.3m		2.6%PE10.4x
PPE PeopleinAU$0.643.2%
+AU$2.1m		-29.7%PS0.06x
AQN AquirianAU$0.411.2%
+AU$529.9k		34.4%PS1.5x
HMI HiremiiAU$0.0352.9%
+AU$210.2k		-37.5%PS0.2x

Latest News

IGN
AU$0.60
Ignite
7D
-6.3%
1Y
-39.7%
SIQ
AU$8.32
Smartgroup
7D
4.8%
1Y
14.3%

SIQ: Dividend Payouts And Possible Merger Will Support Future Upside

Analysts have kept their Smartgroup valuation framework broadly unchanged, leaving the implied price target around A$9.44. Small technical adjustments to discount rate, revenue growth, profit margin and future P/E assumptions were largely offsetting.
MMS
AU$14.96
McMillan Shakespeare
7D
2.9%
1Y
2.6%

MMS: Share Buyback And Steady Dividend Policy Will Support Future Returns

Analysts have kept their A$17.86 price target for McMillan Shakespeare unchanged, pointing to only minor tweaks in assumptions such as a slightly higher discount rate and small adjustments to long run revenue growth, profit margin, and future P/E. What's in the News The Board of Directors authorized a share buyback plan on February 23, 2026, signaling a formal approval for repurchasing shares over a defined period (Key Developments).
HMI
AU$0.035
Hiremii
7D
2.9%
1Y
-37.5%
FLN
AU$0.15
Freelancer
7D
-3.1%
1Y
-13.9%
PPE
AU$0.64
Peoplein
7D
3.2%
1Y
-29.7%
HIT
AU$1.31
HiTech Group Australia
7D
-0.8%
1Y
-19.6%
AQN
AU$0.41
Aquirian
7D
1.2%
1Y
34.4%
ASH
AU$0.20
Ashley Services Group
7D
-10.9%
1Y
13.9%
KLV
AU$0.022
Klevo Rewards
7D
-24.1%
1Y
n/a