Narrative Update • May 27

Over the last 7 days, the HR Services industry has risen 3.6%, driven by gains from Hays of 5.6%. Meanwhile, Robert Walters actually underperformed within the industry, shrinking 8.2% in the last week. However, the industry is down 49% over the past year. Earnings are forecast to grow by 69% annually.
Has the U.K. HR Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 31 May 2026 | UK£1.3b | UK£12.1b | -UK£18,673,000.00 | 10.1x | -69.8x | 0.1x |
| Tue, 28 Apr 2026 | UK£1.3b | UK£12.1b | -UK£17,173,000.00 | 10.2x | -77.8x | 0.1x |
| Thu, 26 Mar 2026 | UK£1.3b | UK£12.1b | -UK£17,951,000.00 | 10.2x | -73.3x | 0.1x |
| Sat, 21 Feb 2026 | UK£1.8b | UK£12.2b | -UK£2,930,000.00 | 13.5x | -610.3x | 0.1x |
| Mon, 19 Jan 2026 | UK£1.8b | UK£12.3b | UK£8.2m | 11.9x | 225.5x | 0.2x |
| Wed, 17 Dec 2025 | UK£2.1b | UK£12.3b | UK£8.2m | 12.4x | 251.6x | 0.2x |
| Fri, 14 Nov 2025 | UK£2.1b | UK£12.3b | UK£9.9m | 12.4x | 214.8x | 0.2x |
| Sun, 12 Oct 2025 | UK£2.1b | UK£12.3b | UK£8.5m | 12.7x | 243.1x | 0.2x |
| Tue, 09 Sep 2025 | UK£2.2b | UK£12.3b | UK£8.5m | 11.4x | 253.7x | 0.2x |
| Thu, 07 Aug 2025 | UK£2.3b | UK£12.5b | UK£16.2m | 12.7x | 144.2x | 0.2x |
| Sat, 05 Jul 2025 | UK£2.4b | UK£12.7b | UK£45.7m | 13.5x | 53.3x | 0.2x |
| Mon, 02 Jun 2025 | UK£2.5b | UK£12.7b | UK£53.6m | 11.4x | 47.5x | 0.2x |
| Wed, 30 Apr 2025 | UK£2.5b | UK£12.7b | UK£53.6m | 7.7x | 47.4x | 0.2x |
| Fri, 28 Mar 2025 | UK£3.8b | UK£13.2b | UK£77.4m | 12x | 48.8x | 0.3x |
| Sun, 23 Feb 2025 | UK£3.5b | UK£13.4b | UK£115.9m | 16.7x | 30.6x | 0.3x |
| Tue, 21 Jan 2025 | UK£3.7b | UK£13.7b | UK£132.0m | 16.2x | 27.9x | 0.3x |
| Thu, 19 Dec 2024 | UK£3.7b | UK£13.7b | UK£132.0m | 16.4x | 28.4x | 0.3x |
| Sat, 16 Nov 2024 | UK£3.9b | UK£13.7b | UK£121.4m | 15.4x | 32.1x | 0.3x |
| Mon, 14 Oct 2024 | UK£4.1b | UK£13.7b | UK£122.2m | 16.1x | 33.4x | 0.3x |
| Wed, 11 Sep 2024 | UK£4.0b | UK£13.7b | UK£107.7m | 16.8x | 37.3x | 0.3x |
| Fri, 09 Aug 2024 | UK£4.1b | UK£14.2b | UK£225.9m | 16.5x | 18.3x | 0.3x |
| Sun, 07 Jul 2024 | UK£4.6b | UK£14.3b | UK£241.4m | 17.8x | 18.9x | 0.3x |
| Tue, 04 Jun 2024 | UK£4.9b | UK£14.3b | UK£243.6m | 18.9x | 19.9x | 0.3x |
| Thu, 02 May 2024 | UK£4.4b | UK£14.3b | UK£243.6m | 17.8x | 18.1x | 0.3x |
| Sat, 30 Mar 2024 | UK£4.6b | UK£14.4b | UK£239.5m | 18.8x | 19.1x | 0.3x |
| Mon, 26 Feb 2024 | UK£4.9b | UK£16.5b | UK£302.3m | 17.8x | 16.3x | 0.3x |
| Wed, 24 Jan 2024 | UK£4.8b | UK£16.8b | UK£350.2m | 15.6x | 13.8x | 0.3x |
| Fri, 22 Dec 2023 | UK£5.3b | UK£16.8b | UK£350.2m | 15.8x | 15.1x | 0.3x |
| Sun, 19 Nov 2023 | UK£4.9b | UK£16.8b | UK£362.4m | 14.3x | 13.5x | 0.3x |
| Tue, 17 Oct 2023 | UK£4.4b | UK£16.9b | UK£359.3m | 12.3x | 12.4x | 0.3x |
| Thu, 14 Sep 2023 | UK£4.8b | UK£16.8b | UK£362.3m | 16.3x | 13.1x | 0.3x |
| Sat, 12 Aug 2023 | UK£4.9b | UK£16.5b | UK£377.7m | 12.5x | 13.1x | 0.3x |
| Mon, 10 Jul 2023 | UK£4.1b | UK£15.8b | UK£405.4m | 9.8x | 10.1x | 0.3x |
| Wed, 07 Jun 2023 | UK£4.5b | UK£15.8b | UK£404.9m | 10.8x | 11.1x | 0.3x |
11.1x
How does U.K. HR Services compare with similar industries?
| GB Market | -0.27% | |
| Industrials | 2.40% | |
| Professional Services | -0.26% | |
| HR Services | 3.60% | |
| Research and Consulting Services | -0.36% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HAS Hays | UK£0.33 | 5.6% +UK£27.8m | -54.2% | PS0.08x | |
| PAGE PageGroup | UK£1.22 | 3.3% +UK£12.1m | -54.9% | PE41.9x | |
| STEM SThree | UK£1.67 | 6.1% +UK£11.9m | -29.3% | PE11.7x | |
| STAF Staffline Group | UK£0.42 | 4.7% +UK£2.1m | 7.4% | PE8.4x |