Australian (ASX) HR Services Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 16 Aug 2026	AU$3.4b	AU$2.8b	AU$177.5m	11.8x	19.3x	1.2x
Tue, 14 Jul 2026	AU$3.3b	AU$2.8b	AU$181.6m	13.7x	18x	1.2x
Thu, 11 Jun 2026	AU$3.2b	AU$2.8b	AU$181.6m	12.5x	17.7x	1.2x
Sat, 09 May 2026	AU$2.9b	AU$2.8b	AU$181.6m	11.7x	16.2x	1.1x
Mon, 06 Apr 2026	AU$2.4b	AU$2.8b	AU$182.9m	10.7x	13.3x	0.9x
Wed, 04 Mar 2026	AU$2.6b	AU$2.8b	AU$182.9m	12.7x	14.2x	0.9x
Fri, 30 Jan 2026	AU$2.6b	AU$2.8b	AU$169.8m	13.1x	15.5x	1x
Sun, 28 Dec 2025	AU$2.7b	AU$2.8b	AU$169.8m	12.8x	16x	1x
Tue, 25 Nov 2025	AU$2.6b	AU$2.8b	AU$169.8m	12.8x	15.2x	0.9x
Thu, 23 Oct 2025	AU$2.6b	AU$2.8b	AU$169.8m	13.1x	15.6x	1x
Sat, 20 Sep 2025	AU$2.6b	AU$2.8b	AU$169.8m	12.8x	15.3x	0.9x
Mon, 18 Aug 2025	AU$2.7b	AU$2.8b	AU$172.2m	14x	15.8x	1x
Wed, 16 Jul 2025	AU$2.6b	AU$2.8b	AU$169.7m	13.2x	15.3x	0.9x
Fri, 13 Jun 2025	AU$2.4b	AU$2.8b	AU$169.7m	12.2x	14.1x	0.9x
Sun, 11 May 2025	AU$2.5b	AU$2.8b	AU$169.7m	12.4x	14.6x	0.9x
Tue, 08 Apr 2025	AU$2.2b	AU$2.8b	AU$169.7m	10.3x	12.8x	0.8x
Thu, 06 Mar 2025	AU$2.6b	AU$2.8b	AU$169.7m	13.8x	15.1x	0.9x
Sat, 01 Feb 2025	AU$2.4b	AU$2.8b	AU$167.9m	17.1x	14.5x	0.9x
Mon, 30 Dec 2024	AU$2.3b	AU$2.8b	AU$167.9m	16.1x	14x	0.8x
Wed, 27 Nov 2024	AU$2.3b	AU$2.8b	AU$167.9m	14.2x	14x	0.8x
Fri, 25 Oct 2024	AU$2.4b	AU$2.8b	AU$167.9m	16.9x	14.4x	0.9x
Sun, 22 Sep 2024	AU$3.7b	AU$5.1b	-AU$52,831,402.00	15.8x	-70.4x	0.7x
Tue, 20 Aug 2024	AU$4.0b	AU$4.9b	AU$232.8m	16.4x	17.3x	0.8x
Thu, 18 Jul 2024	AU$4.0b	AU$4.9b	AU$233.3m	16.6x	17x	0.8x
Sat, 15 Jun 2024	AU$3.9b	AU$4.9b	AU$233.3m	16.4x	16.6x	0.8x
Mon, 13 May 2024	AU$3.7b	AU$4.9b	AU$233.3m	15.4x	15.9x	0.8x
Wed, 10 Apr 2024	AU$4.0b	AU$4.9b	AU$233.3m	16.1x	17.3x	0.8x
Fri, 08 Mar 2024	AU$4.6b	AU$4.9b	AU$233.3m	19.7x	19.6x	0.9x
Sun, 04 Feb 2024	AU$3.5b	AU$4.6b	AU$259.1m	16.9x	13.6x	0.8x
Tue, 02 Jan 2024	AU$3.8b	AU$4.6b	AU$259.1m	16.5x	14.5x	0.8x
Thu, 30 Nov 2023	AU$4.1b	AU$4.6b	AU$259.1m	16.5x	15.9x	0.9x
Sat, 28 Oct 2023	AU$4.6b	AU$4.6b	AU$259.1m	17.6x	17.8x	1x
Mon, 25 Sep 2023	AU$4.5b	AU$4.6b	AU$259.1m	16.8x	17.4x	1x
Wed, 23 Aug 2023	AU$4.7b	AU$4.1b	AU$307.8m	16.7x	15.2x	1.1x

Current Industry PE

Investors are optimistic on the Australian Human Resource and Employment Services industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 19.3x which is higher than its 3-year average PE of 13.4x.

The 3-year average PS ratio of 0.90x is lower than the industry's current PS ratio of 1.2x.

Past Earnings Growth

The earnings for companies in the Human Resource and Employment Services industry have declined 17% 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 Market	-1.38%
Industrials	-2.42%
Professional Services	-4.35%
HR Services	-1.32%
Research and Consulting Services	-2.70%

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?

Company	Last Price	7D	1Y	Valuation
KLV Klevo Rewards	AU$0.091	89.6% +AU$66.4m	n/a	PS20x
FLN Freelancer	AU$0.14	21.7% +AU$11.3m	-51.7%	PS1.3x
MMS McMillan Shakespeare	AU$20.44	0.8% +AU$11.1m	11.4%	PE14.2x
AQN Aquirian	AU$0.43	6.1% +AU$3.1m	24.3%	PS1.9x
HMI Hiremii	AU$0.039	39.3% +AU$2.3m	-13.3%	PS0.3x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m (AU$1.0m revenue, or US$732k). Market cap is less than US$10m (AU$2.98m market cap, or US$2.11m).

Australian (ASX) HR Services Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Peoplein Limited to Report Fiscal Year 2026 Results on Aug 31, 2026

Now 21% overvalued after recent price rise

Smartgroup Partners With Hyundai Capital for Novated Leasing at Dealerships

Less than half of directors are independent

First half 2026 earnings released: AU$0.005 loss per share (vs AU$0.004 profit in 1H 2025)

Investor sentiment improves as stock rises 22%

Board Member recently bought AU$138k worth of stock

New minor risk - Shareholder dilution

New major risk - Shareholder dilution

Dividend increased to AU$0.014