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U.S. HR Services Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies40
  • 7D-3.3%
  • 3M-23.3%
  • 1Y-37.2%
  • YTDn/a

Over the last 7 days, the HR Services industry has dropped 3.3%, driven by Automatic Data Processing declining 4.4%. However, the industry is down 37% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Apr 2026US$137.4bUS$80.5bUS$4.1b18.3x33.9x1.7x
Thu, 12 Mar 2026US$156.4bUS$80.3bUS$4.0b18.7x39.2x1.9x
Sat, 07 Feb 2026US$173.1bUS$85.2bUS$5.2b21.7x33x2x
Mon, 05 Jan 2026US$199.7bUS$86.5bUS$5.0b20.7x40x2.3x
Wed, 03 Dec 2025US$204.5bUS$87.4bUS$5.0b19.6x40.6x2.3x
Fri, 31 Oct 2025US$210.6bUS$87.0bUS$6.1b25.3x34.5x2.4x
Sun, 28 Sep 2025US$233.1bUS$86.4bUS$6.3b28.4x36.8x2.7x
Tue, 26 Aug 2025US$247.8bUS$86.9bUS$6.2b30.1x40x2.9x
Thu, 24 Jul 2025US$233.9bUS$79.8bUS$6.6b28.1x35.5x2.9x
Sat, 21 Jun 2025US$235.1bUS$79.7bUS$6.8b30.9x34.5x3x
Mon, 19 May 2025US$248.2bUS$79.7bUS$6.8b32.3x36.4x3.1x
Wed, 16 Apr 2025US$234.2bUS$79.3bUS$6.9b26x33.7x3x
Fri, 14 Mar 2025US$233.9bUS$80.0bUS$6.7b22.6x34.9x2.9x
Sun, 09 Feb 2025US$248.3bUS$85.9bUS$6.8b22.9x36.4x2.9x
Tue, 07 Jan 2025US$242.4bUS$85.7bUS$6.7b24.2x36.2x2.8x
Thu, 05 Dec 2024US$254.5bUS$85.7bUS$6.6b26.5x38.6x3x
Sat, 02 Nov 2024US$238.9bUS$85.8bUS$6.6b27.3x36.1x2.8x
Mon, 30 Sep 2024US$222.8bUS$81.4bUS$6.2b25.3x35.9x2.7x
Wed, 28 Aug 2024US$220.6bUS$81.4bUS$6.2b23.8x35.6x2.7x
Fri, 26 Jul 2024US$211.5bUS$86.1bUS$6.5b22.3x32.4x2.5x
Sun, 23 Jun 2024US$211.8bUS$87.3bUS$6.5b20.9x32.4x2.4x
Tue, 21 May 2024US$221.9bUS$87.6bUS$6.5b23.6x34.3x2.5x
Thu, 18 Apr 2024US$214.1bUS$87.5bUS$6.2b23.1x34.7x2.4x
Sat, 16 Mar 2024US$219.0bUS$87.4bUS$6.3b23.2x34.6x2.5x
Mon, 12 Feb 2024US$222.6bUS$87.3bUS$6.4b27.2x35x2.5x
Wed, 10 Jan 2024US$215.4bUS$87.3bUS$6.4b26.2x33.8x2.5x
Fri, 08 Dec 2023US$214.6bUS$87.2bUS$6.3b27.1x33.9x2.5x
Sun, 05 Nov 2023US$197.8bUS$87.2bUS$5.9b21.7x33.7x2.3x
Tue, 03 Oct 2023US$223.1bUS$92.1bUS$6.3b19.6x35.4x2.4x
Thu, 31 Aug 2023US$238.4bUS$92.0bUS$6.2b20.8x38.5x2.6x
Sat, 29 Jul 2023US$244.1bUS$91.3bUS$6.1b17.1x39.8x2.7x
Mon, 26 Jun 2023US$212.5bUS$91.8bUS$6.3b15.9x33.8x2.3x
Wed, 24 May 2023US$211.1bUS$91.8bUS$6.3b16.2x33.5x2.3x
Fri, 21 Apr 2023US$174.3bUS$86.7bUS$6.0b13.1x29.1x2x
Price to Earnings Ratio

29.1x


Total Market Cap: US$174.3bTotal Earnings: US$6.0bTotal Revenue: US$86.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. HR Services Industry Price to Earnings3Y Average 35.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Human Resource and Employment Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 35.9x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have declined 12% per year over the last three years,
  • Revenues have also declined 2.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

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

US Market4.25%
Industrials5.33%
Professional Services-1.51%
HR Services-3.27%
Research and Consulting Services-0.15%
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
RHI Robert HalfUS$25.803.7%
+US$121.3m		-48.3%PE19.5x
FA First AdvantageUS$11.654.1%
+US$79.3m		-22.4%PS1.3x
ALIT AlightUS$0.6212.2%
+US$35.2m		-87.9%PS0.1x
MAN ManpowerGroupUS$29.192.1%
+US$27.4m		-43.6%PS0.08x
LGCL Lucas GCUS$1.8216.7%
+US$11.1m		-87.6%PE69.9x

Latest News

SKIL
US$5.42
Skillsoft
7D
22.6%
1Y
-68.9%
RHI
US$25.80
Robert Half
7D
3.7%
1Y
-48.3%
FA
US$11.65
First Advantage
7D
4.1%
1Y
-22.4%

First Advantage: Upgrade To Buy On Improved Fundamentals As Valuation Stayed Depressed

Apr 13
ADP
US$195.38
Automatic Data Processing
7D
-4.4%
1Y
-35.2%

Cloud HCM Adoption And Global Payroll Expansion Will Transform Long Term Earnings Power

Catalysts About Automatic Data Processing Automatic Data Processing provides payroll, human capital management and outsourced HR solutions to employers of all sizes around the world. What are the underlying business or industry changes driving this perspective?
BBSI
US$29.13
Barrett Business Services
7D
-2.3%
1Y
-27.2%

BBSI: Future Upside Will Rely On Expanding Worksite Employee Base

Analyst price targets for Barrett Business Services have been revised down to a range centered around $41 to $42. This reflects analyst views that slower billings growth, softer client hiring and anticipated gross margin pressure temper the outlook compared with prior expectations.
TNET
US$37.31
TriNet Group
7D
-0.8%
1Y
-53.2%
PAYX
US$89.32
Paychex
7D
-2.8%
1Y
-40.1%

PAYX: AI Tools And Buybacks Will Support Post Paycor Integration Concerns

Analysts have nudged their blended price target on Paychex slightly lower to $101.20 from $102.80 as they factor in a higher discount rate, modestly different revenue growth and profit margin assumptions, and a slightly reduced future P/E multiple, following a series of recent target cuts and cautious research notes. Analyst Commentary Recent research has leaned cautious on Paychex, with several firms trimming price targets and a few initiating more conservative ratings as they reassess growth, profitability and the integration of Paycor.
PAYC
US$119.61
Paycom Software
7D
-2.7%
1Y
-45.2%

PAYC: Early 2026 Buybacks And Index Shift Will Support Upside

Analysts have slightly increased their fair value estimate for Paycom to about $154. They cite recent price target increases that are tied to the company’s large share repurchase activity and management’s visible support for the stock at current levels.
PCTY
US$99.49
Paylocity Holding
7D
-6.8%
1Y
-46.9%

PCTY: 2026 Software Rebound And Buybacks Will Support Upside Potential

Paylocity Holding's updated analyst price target edges slightly higher to about $228, as analysts factor in modestly adjusted assumptions for fair value, discount rate, revenue growth, profit margin and future P/E following a broad round of lowered Street targets across the payroll software group. Analyst Commentary Recent research on Paylocity shows a cluster of price target resets across the payroll software peer group, with analysts fine tuning their models on fair value, discount rates, revenue assumptions and profit margins.
LGCL
US$1.82
Lucas GC
7D
16.7%
1Y
-87.6%
KFY
US$63.26
Korn Ferry
7D
-0.1%
1Y
-1.8%

KFY: Executive Search Strength And Buybacks Will Support Future Returns

Analysts have trimmed Korn Ferry's average price target by $10, with cuts such as UBS moving to $65 from $72 and Truist to $75 from $88. They cite lower sector valuation multiples, while also pointing to solid recent results, resilient executive search demand and increased buybacks as support for the shares.
ALIT
US$0.62
Alight
7D
12.2%
1Y
-87.9%
ASUR
US$8.85
Asure Software
7D
3.5%
1Y
-5.0%
MAN
US$29.19
ManpowerGroup
7D
2.1%
1Y
-43.6%

MAN: AI Hiring Partnership Will Support Future Earnings Power

Analysts now estimate ManpowerGroup's fair value at approximately $49.64, adjusted from the prior estimate of $50.00. This change reflects updated views on the discount rate, revenue growth, profit margin, and future P/E assumptions.
TBI
US$3.65
TrueBlue
7D
-9.4%
1Y
-17.4%
DLHC
US$6.18
DLH Holdings
7D
10.6%
1Y
108.1%