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U.K. (FTSE) HR Services Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies11
  • 7D-6.4%
  • 3M-20.3%
  • 1Y-38.1%
  • YTDn/a

Over the last 7 days, the HR Services industry has dropped 6.4%, driven by Hays declining 12%. Overall the industry is down 38% in 12 months. Looking forward, earnings are forecast to grow by 67% annually.

Industry Valuation and Performance

Has the U.K. HR Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026UK£1.7bUK£12.1b-UK£5,630,000.0013x-297.1x0.1x
Tue, 27 Jan 2026UK£1.8bUK£12.3bUK£8.2m14x221.9x0.1x
Thu, 25 Dec 2025UK£2.0bUK£12.3bUK£8.2m12.3x247.7x0.2x
Sat, 22 Nov 2025UK£2.0bUK£12.3bUK£9.9m12.3x204.4x0.2x
Mon, 20 Oct 2025UK£2.1bUK£12.3bUK£8.5m12.6x245.4x0.2x
Wed, 17 Sep 2025UK£2.0bUK£12.3bUK£8.5m11.3x228.6x0.2x
Fri, 15 Aug 2025UK£2.3bUK£12.4bUK£2.1m12.6x1074.7x0.2x
Sun, 13 Jul 2025UK£2.5bUK£12.7bUK£45.7m13.7x53.8x0.2x
Tue, 10 Jun 2025UK£2.6bUK£12.7bUK£53.6m11.9x47.7x0.2x
Thu, 08 May 2025UK£2.5bUK£12.7bUK£53.6m7.9x46.7x0.2x
Sat, 05 Apr 2025UK£2.6bUK£12.7bUK£29.9m8.1x85.9x0.2x
Mon, 03 Mar 2025UK£3.5bUK£13.4bUK£115.9m16.7x30.2x0.3x
Wed, 29 Jan 2025UK£3.6bUK£13.7bUK£132.0m14.6x27.3x0.3x
Fri, 27 Dec 2024UK£3.8bUK£13.7bUK£132.0m16.4x29x0.3x
Sun, 24 Nov 2024UK£3.8bUK£13.7bUK£121.4m15.5x31.5x0.3x
Tue, 22 Oct 2024UK£4.0bUK£13.7bUK£122.2m16.8x32.9x0.3x
Thu, 19 Sep 2024UK£4.1bUK£13.7bUK£122.0m15.9x33.6x0.3x
Sat, 17 Aug 2024UK£4.2bUK£14.1bUK£199.6m17.4x21x0.3x
Mon, 15 Jul 2024UK£4.5bUK£14.3bUK£244.5m17.5x18.4x0.3x
Wed, 12 Jun 2024UK£4.6bUK£14.3bUK£242.7m18.4x19x0.3x
Fri, 10 May 2024UK£4.6bUK£14.3bUK£243.6m18.6x18.8x0.3x
Sun, 07 Apr 2024UK£4.7bUK£14.4bUK£239.5m19.2x19.8x0.3x
Tue, 05 Mar 2024UK£5.0bUK£16.5bUK£302.3m18x16.4x0.3x
Thu, 01 Feb 2024UK£5.0bUK£16.8bUK£356.3m16.1x14.1x0.3x
Sat, 30 Dec 2023UK£5.3bUK£16.8bUK£350.2m15.8x15.1x0.3x
Mon, 27 Nov 2023UK£5.0bUK£16.8bUK£362.4m14.2x13.7x0.3x
Wed, 25 Oct 2023UK£4.3bUK£16.9bUK£359.3m12.3x12.1x0.3x
Fri, 22 Sep 2023UK£4.9bUK£16.8bUK£362.3m15.9x13.5x0.3x
Sun, 20 Aug 2023UK£4.8bUK£16.5bUK£377.7m12.2x12.8x0.3x
Tue, 18 Jul 2023UK£4.2bUK£15.8bUK£405.4m10.1x10.2x0.3x
Thu, 15 Jun 2023UK£4.2bUK£15.8bUK£405.4m10x10.4x0.3x
Sat, 13 May 2023UK£4.5bUK£15.8bUK£406.0m10.9x11.1x0.3x
Mon, 10 Apr 2023UK£4.4bUK£15.8bUK£399.9m10.6x11.1x0.3x
Wed, 08 Mar 2023UK£5.0bUK£16.1bUK£419.9m12.1x11.9x0.3x
Price to Earnings Ratio

11.9x


Total Market Cap: UK£5.0bTotal Earnings: UK£419.9mTotal Revenue: UK£16.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. HR Services Industry Price to Earnings3Y Average 47.6x202420252026
Current Industry PE
  • Investors are pessimistic on the British Human Resource and Employment Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading close to its 3-year average PS ratio of 0.26x.
Past Earnings Growth
  • Total earnings for the Human Resource and Employment Services industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 9.1% per year, which is driving profits down.

Industry Comparison

How does U.K. HR Services compare with similar industries?

GB Market1.91%
Industrials0.74%
Professional Services8.41%
HR Services-6.43%
Research and Consulting Services8.84%
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
STEM SThreeUK£1.751.4%
+UK£2.7m		-27.9%PE12.5x
GATC GattacaUK£1.284.9%
+UK£1.9m		49.1%PE21.2x
XCE Connecting Excellence GroupUK£0.0138.0%
+UK£382.2k		n/an/a
NBB Norman BroadbentUK£2.382.2%
+UK£92.0k		108.8%PS0.4x

Latest News

HAS
UK£0.41
Hays
7D
-11.9%
1Y
-42.3%
RWA
UK£1.21
Robert Walters
7D
-3.2%
1Y
-49.6%

RWA: Higher Discount Rate And Lower P/E Will Support Future Entry Opportunity

Analysts have trimmed their price target on Robert Walters to £2.70 from £2.79, reflecting updated views on discount rates, profit margins and forward P/E assumptions rather than any new company specific news flow. Valuation Changes Fair Value: £2.12 per share is unchanged.
NBB
UK£2.38
Norman Broadbent
7D
2.2%
1Y
108.8%
EMR
UK£0.23
Empresaria Group
7D
-2.1%
1Y
-16.4%
PAGE
UK£1.87
PageGroup
7D
-4.5%
1Y
-41.3%

PAGE: Cautious Earnings Outlook Will Support A More Neutral Stance

Analysts have trimmed their fair value estimate for PageGroup from £2.50 to £1.95, echoing recent price target cuts to £2.25 and £2.15, as they factor in a higher discount rate, softer revenue expectations, thinner profit margins and a higher assumed future P/E multiple. Analyst Commentary Recent research updates point to a more cautious stance on PageGroup, with bearish analysts cutting price targets and shifting ratings to a more neutral footing.
STEM
UK£1.75
SThree
7D
1.4%
1Y
-27.9%
STAF
UK£0.49
Staffline Group
7D
-3.7%
1Y
49.7%
RTC
UK£1.08
RTC Group
7D
-2.3%
1Y
7.5%
GATC
UK£1.28
Gattaca
7D
4.9%
1Y
49.1%
XCE
UK£0.013
Connecting Excellence Group
7D
8.0%
1Y
n/a