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U.S. HR Services Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies43
  • 7D0.6%
  • 3M-17.7%
  • 1Y-35.7%
  • YTDn/a

The HR Services is pretty flat in the last 7 days, but Automatic Data Processing has stood out, gaining 4.2%. Unfortunately though, the industry is down 36% over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026US$154.8bUS$80.3bUS$4.0b19.7x38.9x1.9x
Thu, 29 Jan 2026US$196.2bUS$86.8bUS$5.1b21.1x38.5x2.3x
Sat, 27 Dec 2025US$205.2bUS$86.5bUS$5.0b20.7x41.1x2.4x
Mon, 24 Nov 2025US$201.9bUS$87.4bUS$5.0b19.6x40.1x2.3x
Wed, 22 Oct 2025US$225.4bUS$86.7bUS$6.3b28.1x35.8x2.6x
Fri, 19 Sep 2025US$234.5bUS$86.4bUS$6.3b28.7x37x2.7x
Sun, 17 Aug 2025US$238.4bUS$86.8bUS$6.2b29.4x38.7x2.7x
Tue, 15 Jul 2025US$230.9bUS$79.8bUS$6.7b25.2x34.4x2.9x
Thu, 12 Jun 2025US$243.8bUS$79.7bUS$6.8b31.7x35.8x3.1x
Sat, 10 May 2025US$238.7bUS$79.7bUS$6.9b27.3x34.8x3x
Mon, 07 Apr 2025US$226.4bUS$80.1bUS$6.7b25.8x33.7x2.8x
Wed, 05 Mar 2025US$250.3bUS$80.0bUS$6.7b23.1x37.3x3.1x
Fri, 31 Jan 2025US$250.0bUS$85.8bUS$6.8b24.6x36.5x2.9x
Sun, 29 Dec 2024US$245.3bUS$85.7bUS$6.7b24.6x36.7x2.9x
Tue, 26 Nov 2024US$254.3bUS$85.7bUS$6.6b27.9x38.5x3x
Thu, 24 Oct 2024US$233.6bUS$81.1bUS$6.2b26.9x37.8x2.9x
Sat, 21 Sep 2024US$225.7bUS$81.4bUS$6.2b25.5x36.4x2.8x
Mon, 19 Aug 2024US$213.3bUS$81.4bUS$6.2b23.4x34.4x2.6x
Wed, 17 Jul 2024US$208.8bUS$86.6bUS$6.6b22.4x31.8x2.4x
Fri, 14 Jun 2024US$208.9bUS$87.3bUS$6.5b21.6x32.1x2.4x
Sun, 12 May 2024US$216.8bUS$87.6bUS$6.5b24.1x33.5x2.5x
Tue, 09 Apr 2024US$219.2bUS$87.5bUS$6.4b23.9x34.5x2.5x
Thu, 07 Mar 2024US$217.7bUS$87.4bUS$6.3b26.7x34.5x2.5x
Sat, 03 Feb 2024US$222.7bUS$87.1bUS$6.3b26.9x35.4x2.6x
Mon, 01 Jan 2024US$217.1bUS$87.3bUS$6.4b26.3x34.1x2.5x
Wed, 29 Nov 2023US$209.8bUS$87.2bUS$5.9b24.5x35.8x2.4x
Fri, 27 Oct 2023US$204.2bUS$86.9bUS$5.8b19.7x34.9x2.3x
Sun, 24 Sep 2023US$220.7bUS$92.0bUS$6.3b19.7x35.3x2.4x
Tue, 22 Aug 2023US$233.2bUS$92.0bUS$6.2b20.6x37.7x2.5x
Thu, 20 Jul 2023US$240.9bUS$91.8bUS$6.3b17.2x38.2x2.6x
Sat, 17 Jun 2023US$220.8bUS$91.8bUS$6.3b16.4x35.1x2.4x
Mon, 15 May 2023US$205.4bUS$91.8bUS$6.3b15.2x32.8x2.2x
Wed, 12 Apr 2023US$174.2bUS$87.4bUS$6.0b12.9x28.9x2x
Fri, 10 Mar 2023US$47.3bUS$65.3bUS$1.4b13.1x34.8x0.7x
Price to Earnings Ratio

34.8x


Total Market Cap: US$47.3bTotal Earnings: US$1.4bTotal Revenue: US$65.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. HR Services Industry Price to Earnings3Y Average 35.6x202420252026
Current Industry PE
  • Investors are optimistic on the American Human Resource and Employment Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 38.9x which is higher than its 3-year average PE of 35.6x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have grown 40% per year over the last three years.
  • Revenues for these companies have grown 7.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

US Market-0.57%
Industrials-0.32%
Professional Services1.74%
HR Services0.57%
Research and Consulting Services2.23%
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
ADP Automatic Data ProcessingUS$214.974.5%
+US$3.7b		-32.5%PE20.4x
PAYX PaychexUS$94.257.8%
+US$2.5b		-38.5%PE21.2x
PAYC Paycom SoftwareUS$128.3012.1%
+US$737.3m		-41.7%PE15x
FA First AdvantageUS$11.7631.4%
+US$491.7m		-17.4%PS1.3x
PCTY Paylocity HoldingUS$107.805.7%
+US$315.2m		-47.4%PE24.4x

Latest News

KFY
US$62.20
Korn Ferry
7D
4.5%
1Y
-2.5%
PAYC
US$128.30
Paycom Software
7D
12.1%
1Y
-41.7%
BBSI
US$27.88
Barrett Business Services
7D
-9.8%
1Y
-30.6%
FA
US$11.76
First Advantage
7D
31.4%
1Y
-17.4%
PAYX
US$94.25
Paychex
7D
7.8%
1Y
-38.5%

PAYX: AI And Buybacks Will Counter Defensive Competitive Pressures Over Time

Analysts have trimmed their Paychex price target slightly to about $119 per share, reflecting modest adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions following new bearish coverage that characterizes recent competitive moves as largely defensive. Analyst Commentary Recent research frames the latest competitive response, including the Paycor related move, as more defensive than opportunistic.
ALIT
US$0.90
Alight
7D
25.3%
1Y
-86.3%
ADP
US$214.97
Automatic Data Processing
7D
4.5%
1Y
-32.5%

ADP: Dividend Strength And HR Platform Execution Will Support Premium P/E

The analyst price target for Automatic Data Processing has been reduced by about $2 to reflect slightly lower fair value estimates, as analysts factor in a series of recent target cuts alongside one bullish initiation. Analyst Commentary Recent research updates on Automatic Data Processing show a cluster of target price cuts alongside one new bullish initiation, which is why the average target has shifted only modestly.
PCTY
US$107.80
Paylocity Holding
7D
5.7%
1Y
-47.4%

PCTY: 2026 Sector Setup And Buybacks Will Drive Upside

Our updated narrative on Paylocity reflects a reduced analyst price target of about $226, in line with a broad round of target cuts across the Street as analysts recalibrate for slightly lower revenue growth, narrower profit margin assumptions, a modestly higher discount rate, and a marginally higher future P/E multiple. Analyst Commentary Across the Street, most recent research has centered on recalibrating Paylocity price targets, with a cluster of firms trimming targets by between $5 and $75.
MHH
US$6.20
Mastech Digital
7D
-4.8%
1Y
-39.9%
RHI
US$23.72
Robert Half
7D
-0.5%
1Y
-57.9%

RHI: Cost Actions Will Support Future Margins And Fair Value Reassessment

The updated analyst price target for Robert Half shifts to $32.39 from $30.67 as analysts weigh a lower discount rate, modestly higher revenue growth and profit margin assumptions, and a slightly reduced future P/E multiple, along with mixed recent Street target revisions that reflect both optimism and tempered expectations after the company's $17 million cost-action charge. Analyst Commentary Recent research on Robert Half shows a split view, with some analysts lifting targets and others pulling back after the company disclosed a US$17 million cost action charge in its latest 10-K.
FVRR
US$10.45
Fiverr International
7D
-1.9%
1Y
-58.3%

FVRR: High Value Complex Work Pivot Will Shape Post AI Reset Outlook

Fiverr International's updated analyst price target has fallen to about $16 from roughly $33, as analysts factor in softer 2026 guidance, a shift toward higher value and more complex work, and the need to see clearer benefits from these categories before valuation multiples can stabilize. Analyst Commentary Research opinions around Fiverr's reset cluster around a few key themes, mainly how the pivot to higher value, complex work might play out against AI pressure on simpler tasks, and what that could mean for valuation, execution risk, and growth visibility.
TNET
US$37.60
TriNet Group
7D
11.1%
1Y
-48.4%

TNET: Recalibrated Earnings Outlook And Buybacks Will Support Future Upside

Analysts have reduced their price target for TriNet Group by $22 to $75, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples, consistent with recent Street target cuts. Analyst Commentary Bullish analysts are treating the recent price target reset as more of a recalibration than a shift in the core outlook for TriNet Group.
BZ
US$16.18
Kanzhun
7D
-0.7%
1Y
4.1%

BZ: Leadership Transition And Profitability Outlook Will Support Bullish View On Shares

Analysts have nudged their fair value estimate for Kanzhun slightly higher to $29.02 from $28.69, citing updated assumptions around revenue growth, profit margins, and a modestly lower future P/E multiple. What's in the News Kanzhun Limited announced that Mr. Phil Yu Zhang will step down as Chief Financial Officer, effective December 11, 2025, marking a planned transition in the finance leadership team (Key Developments).
SKIL
US$4.09
Skillsoft
7D
-5.8%
1Y
-83.2%
YOUL
US$1.10
Youlife Group
7D
-1.8%
1Y
n/a
IPDN
US$1.18
Professional Diversity Network
7D
-38.9%
1Y
-53.9%