Narrative Update • May 08
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Australian (ASX) HR Services Industry Analysis
UpdatedMay 17, 2026
DataAggregated Company Financials
Companies10
- 7D-0.07%
- 3M14.4%
- 1Y19.4%
- YTDn/a
Last week, the HR Services industry hasn't moved much but Smartgroup is up 4.4% in that time. As for the the longer term, the industry is up 19% over the past 12 months. Looking forward, earnings are forecast to grow by 5.3% annually.
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, 17 May 2026 | AU$2.9b | AU$2.8b | AU$181.6m | 11.4x | 16.2x | 1.1x |
| Tue, 14 Apr 2026 | AU$2.4b | AU$2.8b | AU$181.6m | 10.6x | 13.4x | 0.9x |
| Thu, 12 Mar 2026 | AU$2.4b | AU$2.8b | AU$182.9m | 12x | 13.2x | 0.9x |
| Sat, 07 Feb 2026 | AU$2.6b | AU$2.8b | AU$169.8m | 13.1x | 15.4x | 0.9x |
| Mon, 05 Jan 2026 | AU$2.7b | AU$2.8b | AU$169.8m | 13.2x | 16.1x | 1x |
| Wed, 03 Dec 2025 | AU$2.7b | AU$2.8b | AU$169.8m | 13.2x | 16.1x | 1x |
| Fri, 31 Oct 2025 | AU$2.6b | AU$2.8b | AU$169.8m | 13x | 15.4x | 0.9x |
| Sun, 28 Sep 2025 | AU$2.6b | AU$2.8b | AU$169.8m | 13x | 15.5x | 1x |
| Tue, 26 Aug 2025 | AU$2.7b | AU$2.8b | AU$172.4m | 13.8x | 15.6x | 1x |
| Thu, 24 Jul 2025 | AU$2.6b | AU$2.8b | AU$169.7m | 13.4x | 15.5x | 0.9x |
| Sat, 21 Jun 2025 | AU$2.3b | AU$2.8b | AU$169.7m | 11.5x | 13.7x | 0.8x |
| Mon, 19 May 2025 | AU$2.5b | AU$2.8b | AU$169.7m | 12.8x | 14.5x | 0.9x |
| Wed, 16 Apr 2025 | AU$2.3b | AU$2.8b | AU$169.7m | 11.5x | 13.8x | 0.8x |
| Fri, 14 Mar 2025 | AU$2.2b | AU$2.8b | AU$169.7m | 12x | 12.7x | 0.8x |
| Sun, 09 Feb 2025 | AU$2.3b | AU$2.8b | AU$167.9m | 16.9x | 13.5x | 0.8x |
| Tue, 07 Jan 2025 | AU$2.4b | AU$2.8b | AU$167.9m | 16.2x | 14.1x | 0.8x |
| Thu, 05 Dec 2024 | AU$2.4b | AU$2.8b | AU$167.9m | 14.3x | 14x | 0.8x |
| Sat, 02 Nov 2024 | AU$2.3b | AU$2.8b | AU$167.9m | 16.4x | 13.8x | 0.8x |
| Mon, 30 Sep 2024 | AU$2.5b | AU$2.8b | AU$167.9m | 17.4x | 14.6x | 0.9x |
| Wed, 28 Aug 2024 | AU$3.9b | AU$4.9b | AU$233.8m | 16x | 16.5x | 0.8x |
| Fri, 26 Jul 2024 | AU$3.9b | AU$4.9b | AU$233.3m | 16.5x | 16.7x | 0.8x |
| Sun, 23 Jun 2024 | AU$4.0b | AU$4.9b | AU$233.3m | 16.7x | 17x | 0.8x |
| Tue, 21 May 2024 | AU$3.6b | AU$4.9b | AU$233.3m | 15x | 15.5x | 0.7x |
| Thu, 18 Apr 2024 | AU$4.0b | AU$4.9b | AU$233.3m | 16.2x | 17.3x | 0.8x |
| Sat, 16 Mar 2024 | AU$4.4b | AU$4.9b | AU$233.3m | 18.7x | 18.7x | 0.9x |
| Mon, 12 Feb 2024 | AU$3.5b | AU$4.6b | AU$259.1m | 16.1x | 13.6x | 0.8x |
| Wed, 10 Jan 2024 | AU$3.8b | AU$4.6b | AU$259.1m | 17.3x | 14.7x | 0.8x |
| Fri, 08 Dec 2023 | AU$3.9b | AU$4.6b | AU$259.1m | 16.5x | 15x | 0.8x |
| Sun, 05 Nov 2023 | AU$4.7b | AU$4.6b | AU$259.1m | 17.9x | 18.3x | 1x |
| Tue, 03 Oct 2023 | AU$4.4b | AU$4.6b | AU$259.1m | 16x | 16.8x | 0.9x |
| Thu, 31 Aug 2023 | AU$4.6b | AU$4.5b | AU$259.7m | 16.3x | 17.7x | 1x |
| Sat, 29 Jul 2023 | AU$4.9b | AU$4.1b | AU$307.1m | 17.5x | 16x | 1.2x |
| Mon, 26 Jun 2023 | AU$4.6b | AU$4.1b | AU$304.3m | 15.5x | 15.2x | 1.1x |
| Wed, 24 May 2023 | AU$4.4b | AU$4.1b | AU$304.3m | 14.4x | 14.6x | 1.1x |
Price to Earnings Ratio
14.6x
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 16.2x which is higher than its 3-year average PE of 13.2x.
- The 3-year average PS ratio of 0.90x is lower than the industry's current PS ratio of 1.1x.
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 Market | -1.36% | |
| Industrials | -0.0091% | |
| Professional Services | -0.11% | |
| HR Services | -0.066% | |
| Research and Consulting Services | -1.71% | |
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 | |
|---|---|---|---|---|---|
| SIQ Smartgroup | AU$11.14 | 4.4% +AU$61.9m | 45.1% | PE18.5x | |
| KLV Klevo Rewards | AU$0.07 | 34.6% +AU$27.6m | n/a | PS15.3x | |
| FLN Freelancer | AU$0.14 | 3.7% +AU$2.3m | -22.2% | PE29.2x | |
| ASH Ashley Services Group | AU$0.23 | 7.1% +AU$2.2m | 15.4% | PE8.8x |
