Dutch (AEX) HR Services Industry Analysis

UpdatedFeb 20, 2026

DataAggregated Company Financials

Companies3

7D2.3%
3M-16.3%
1Y-26.8%
YTDn/a

Over the last 7 days, the HR Services industry has dropped 8.5%, driven by declines from every company within the industry. However, the industry is down 28% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 20 Feb 2026	€5.3b	€24.4b	€306.2m	19.8x	17.3x	0.2x
Sun, 18 Jan 2026	€5.7b	€24.6b	€67.2m	63x	84.4x	0.2x
Tue, 16 Dec 2025	€6.1b	€24.7b	€73.1m	25.4x	83.9x	0.2x
Thu, 13 Nov 2025	€6.5b	€24.7b	€73.1m	26.7x	89.4x	0.3x
Sat, 11 Oct 2025	€7.1b	€24.9b	€96.1m	26.3x	73.4x	0.3x
Mon, 08 Sep 2025	€7.2b	€24.9b	€96.1m	27.6x	75.1x	0.3x
Wed, 06 Aug 2025	€7.5b	€24.9b	€96.1m	27.6x	78.1x	0.3x
Fri, 04 Jul 2025	€7.7b	€25.3b	€141.7m	15.5x	54.2x	0.3x
Sun, 01 Jun 2025	€7.0b	€25.3b	€141.7m	15.3x	49.1x	0.3x
Tue, 29 Apr 2025	€6.7b	€25.3b	€141.7m	15.6x	47.3x	0.3x
Thu, 27 Mar 2025	€7.8b	€25.6b	€150.7m	17.7x	51.8x	0.3x
Sat, 22 Feb 2025	€7.2b	€25.6b	€151.5m	16.7x	47.6x	0.3x
Mon, 20 Jan 2025	€7.6b	€25.7b	€463.5m	15.6x	16.4x	0.3x
Wed, 18 Dec 2024	€7.6b	€25.7b	€463.5m	14.4x	16.4x	0.3x
Fri, 15 Nov 2024	€7.7b	€25.7b	€463.5m	14.1x	16.6x	0.3x
Sun, 13 Oct 2024	€8.2b	€25.9b	€527.5m	14.4x	15.5x	0.3x
Tue, 10 Sep 2024	€7.9b	€25.9b	€527.5m	14.2x	15x	0.3x
Thu, 08 Aug 2024	€7.8b	€25.9b	€527.0m	14.9x	14.9x	0.3x
Sat, 06 Jul 2024	€8.2b	€26.3b	€587.0m	14x	14.1x	0.3x
Mon, 03 Jun 2024	€9.2b	€26.3b	€587.0m	15.6x	15.6x	0.3x
Wed, 01 May 2024	€8.9b	€26.2b	€585.2m	15.2x	15.2x	0.3x
Fri, 29 Mar 2024	€9.3b	€26.8b	€651.2m	14.1x	14.2x	0.3x
Sun, 25 Feb 2024	€9.7b	€26.8b	€651.2m	14.8x	14.9x	0.4x
Tue, 23 Jan 2024	€9.8b	€27.6b	€789.6m	12.3x	12.4x	0.4x
Thu, 21 Dec 2023	€10.9b	€27.6b	€789.6m	13.8x	13.8x	0.4x
Sat, 18 Nov 2023	€10.3b	€27.6b	€789.6m	12.9x	13x	0.4x
Mon, 16 Oct 2023	€9.9b	€28.3b	€848.3m	11.4x	11.6x	0.3x
Wed, 13 Sep 2023	€10.0b	€28.3b	€848.3m	11.6x	11.8x	0.4x
Fri, 11 Aug 2023	€10.4b	€28.3b	€848.3m	12.1x	12.3x	0.4x
Sun, 09 Jul 2023	€9.6b	€28.7b	€897.6m	10.3x	10.6x	0.3x
Tue, 06 Jun 2023	€9.5b	€28.7b	€897.6m	10.3x	10.6x	0.3x
Thu, 04 May 2023	€9.4b	€28.6b	€895.9m	20.8x	10.5x	0.3x
Sat, 01 Apr 2023	€10.6b	€28.7b	€950.9m	21.9x	11.2x	0.4x
Mon, 27 Feb 2023	€11.1b	€28.7b	€950.9m	20.3x	11.7x	0.4x

Price to Earnings Ratio

11.7x

Mon, 27 Feb 2023

Current Industry PE

There are only 3 companies in the Dutch Human Resource and Employment Services industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.

Past Earnings Growth

The earnings for companies in the Human Resource and Employment Services industry have declined 31% per year over the last three years,
Revenues have also declined 5.4% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Dutch HR Services compare with similar industries?


NL Market	2.43%
Industrials	1.72%
Professional Services	0.92%
HR Services	2.31%
Research and Consulting Services	0.50%

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
	RAND Randstad	€27.98	2.4% +€113.9m	-27.1%	PE16.8x
	BRNL Brunel International	€6.88	1.6% +€5.5m	-27.3%	PE22.9x

Latest News

RAND: Future Upside Will Depend On Resilient Earnings Through Prolonged Sector Headwinds

Feb 18Analysts have trimmed their consolidated price target on Randstad by around €1.36 per share, citing updated fair value estimates, a slightly higher discount rate, and recent research pointing to ongoing cyclical and structural headwinds for earnings. Analyst Commentary Recent research has centered on how cyclical weakness and structural challenges could affect Randstad's earnings profile and what that implies for fair value.

Digital Productivity And Large-Scale Energy Projects Will Drive A Stronger Future For This Recruiter

Feb 02Catalysts About Brunel International Brunel International provides specialist staffing and project resourcing services across sectors such as conventional energy, renewable energy, mining, defense, utilities and mobility. What are the underlying business or industry changes driving this perspective?