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U.S. HR Services Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies45
  • 7D-4.2%
  • 3M-8.7%
  • 1Y-28.3%
  • YTDn/a

Over the last 7 days, the HR Services industry has dropped 4.2%, driven by Automatic Data Processing declining 4.9%. In contrast, Robert Half has gained 16%. Overall the industry is down 28% in 12 months. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026US$173.7bUS$85.1bUS$5.2b21.8x33.2x2x
Sun, 04 Jan 2026US$199.7bUS$86.5bUS$5.0b20.7x40x2.3x
Tue, 02 Dec 2025US$204.2bUS$87.4bUS$5.0b19.6x40.5x2.3x
Thu, 30 Oct 2025US$222.8bUS$86.6bUS$6.3b25.9x35.6x2.6x
Sat, 27 Sep 2025US$231.2bUS$86.4bUS$6.3b28.4x36.5x2.7x
Mon, 25 Aug 2025US$248.0bUS$86.9bUS$6.2b30.6x40x2.9x
Wed, 23 Jul 2025US$231.0bUS$79.8bUS$6.6b28.1x35x2.9x
Fri, 20 Jun 2025US$235.1bUS$79.7bUS$6.8b31.1x34.5x3x
Sun, 18 May 2025US$248.2bUS$79.7bUS$6.8b32.3x36.4x3.1x
Tue, 15 Apr 2025US$236.0bUS$80.1bUS$6.7b25.4x35.2x2.9x
Thu, 13 Mar 2025US$234.1bUS$80.0bUS$6.7b22.9x34.9x2.9x
Sat, 08 Feb 2025US$251.9bUS$85.9bUS$6.8b22.9x36.9x2.9x
Mon, 06 Jan 2025US$242.4bUS$85.7bUS$6.7b24.2x36.2x2.8x
Wed, 04 Dec 2024US$256.5bUS$85.7bUS$6.6b27.1x38.9x3x
Fri, 01 Nov 2024US$240.3bUS$86.6bUS$6.6b27.1x36.3x2.8x
Sun, 29 Sep 2024US$222.8bUS$81.4bUS$6.2b25.3x35.9x2.7x
Tue, 27 Aug 2024US$218.9bUS$81.4bUS$6.2b24x35.3x2.7x
Thu, 25 Jul 2024US$213.4bUS$86.3bUS$6.6b22.2x32.5x2.5x
Sat, 22 Jun 2024US$210.1bUS$87.3bUS$6.5b20.9x32.2x2.4x
Mon, 20 May 2024US$221.9bUS$87.6bUS$6.5b23.4x34.3x2.5x
Wed, 17 Apr 2024US$216.7bUS$87.5bUS$6.2b22.9x35.1x2.5x
Fri, 15 Mar 2024US$220.4bUS$87.4bUS$6.3b22.9x34.8x2.5x
Sun, 11 Feb 2024US$222.6bUS$87.3bUS$6.4b27.2x35x2.5x
Tue, 09 Jan 2024US$214.2bUS$87.3bUS$6.4b26.4x33.6x2.5x
Thu, 07 Dec 2023US$214.6bUS$87.2bUS$6.3b26.4x33.9x2.5x
Sat, 04 Nov 2023US$197.9bUS$87.2bUS$5.9b21.7x33.7x2.3x
Mon, 02 Oct 2023US$223.1bUS$92.1bUS$6.3b19.8x35.4x2.4x
Wed, 30 Aug 2023US$237.6bUS$92.0bUS$6.2b20.7x38.4x2.6x
Fri, 28 Jul 2023US$244.6bUS$91.3bUS$6.1b17.4x39.9x2.7x
Sun, 25 Jun 2023US$212.5bUS$91.8bUS$6.3b15.9x33.8x2.3x
Tue, 23 May 2023US$212.5bUS$91.8bUS$6.3b15.9x33.7x2.3x
Thu, 20 Apr 2023US$175.5bUS$87.1bUS$6.0b13.1x29.2x2x
Sat, 18 Mar 2023US$44.6bUS$65.3bUS$1.4b12.1x32.1x0.7x
Mon, 13 Feb 2023US$48.9bUS$63.9bUS$1.7b14x28.1x0.8x
Price to Earnings Ratio

28.1x


Total Market Cap: US$48.9bTotal Earnings: US$1.7bTotal Revenue: US$63.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. HR Services Industry Price to Earnings3Y Average 35.5x202420252026
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 35.5x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have grown 44% per year over the last three years.
  • Revenues for these companies have grown 10% 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-2.98%
Industrials0.79%
Professional Services-5.31%
HR Services-4.15%
Research and Consulting Services-5.29%
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$31.4816.2%
+US$438.9m		-48.1%PE23.7x
MAN ManpowerGroupUS$36.6410.1%
+US$155.1m		-35.8%PS0.09x
KFRC KforceUS$36.6711.4%
+US$64.5m		-30.0%PE18.2x
KELY.A Kelly ServicesUS$10.804.9%
+US$17.7m		-19.5%PS0.09x
TBI TrueBlueUS$5.4911.6%
+US$17.1m		-28.6%PS0.1x

Latest News

PCTY
US$127.05
Paylocity Holding
7D
-3.9%
1Y
-40.1%
KFRC
US$36.67
Kforce
7D
11.4%
1Y
-30.0%
KELY.A
US$10.80
Kelly Services
7D
4.9%
1Y
-19.5%
ALIT
US$1.55
Alight
7D
1.3%
1Y
-76.6%
FA
US$12.18
First Advantage
7D
-6.7%
1Y
-35.9%
TNET
US$55.73
TriNet Group
7D
-4.7%
1Y
-38.4%

TNET: Refreshed Q4 Assumptions Will Shape A Balanced Risk Outlook

Analysts trimmed their price target on TriNet Group to US$64 from US$65, citing refreshed estimates around Q4 results, along with updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bearish analysts recently trimmed their fair value assumptions, cutting the price target on TriNet Group to US$64 from US$65 ahead of Q4 results.
RHI
US$31.48
Robert Half
7D
16.2%
1Y
-48.1%
TBI
US$5.49
TrueBlue
7D
11.6%
1Y
-28.6%
UPWK
US$17.82
Upwork
7D
-15.2%
1Y
13.0%
MAN
US$36.64
ManpowerGroup
7D
10.1%
1Y
-35.8%

MAN: Future Outlook Will Face Lower Margins Despite Ongoing Expansion Initiatives

Analysts now place their price target for ManpowerGroup at $30.00, up from $29.14. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E expectations.
BZ
US$17.49
Kanzhun
7D
-7.5%
1Y
18.5%

BZ: Earnings Visibility And Cash Flow Resilience Will Support Further Upside

Analysts have nudged their price expectations for Kanzhun slightly higher, lifting fair value by roughly US$0.37 per share. They have adjusted assumptions around the discount rate, revenue growth, profit margins and future P/E to reflect updated views on the company’s earnings profile and risk pricing.
PAYX
US$98.17
Paychex
7D
-4.0%
1Y
-34.6%
ADP
US$233.99
Automatic Data Processing
7D
-4.9%
1Y
-24.3%
PAYC
US$131.59
Paycom Software
7D
-2.0%
1Y
-35.8%

PAYC: Automation And Buybacks Will Support Margins As Expectations Reset

Analyst fair value estimates for Paycom Software have edged down by about $4 to roughly $201 per share, as analysts trim price targets across the software group and factor in a softer employment backdrop and updated rate expectations. Analyst Commentary Recent research updates on Paycom highlight a reset in expectations, with several firms lowering price targets and revisiting their assumptions around growth, employment trends and interest rates.
BBSI
US$37.34
Barrett Business Services
7D
1.7%
1Y
-13.7%
IPDN
US$1.24
Professional Diversity Network
7D
14.8%
1Y
-64.1%