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U.S. HR Services Industry Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies46
  • 7D0.8%
  • 3M-9.3%
  • 1Y-15.1%
  • YTDn/a

The HR Services industry has stayed flat over the last week. As for the longer term, the industry has declined 15% in the last year. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026US$205.0bUS$86.5bUS$5.0b21.3x41x2.4x
Sat, 06 Dec 2025US$205.5bUS$87.4bUS$5.0b20.1x40.8x2.4x
Mon, 03 Nov 2025US$209.8bUS$87.0bUS$6.1b25.4x34.4x2.4x
Wed, 01 Oct 2025US$233.2bUS$86.6bUS$6.3b28.2x37.1x2.7x
Fri, 29 Aug 2025US$244.5bUS$86.9bUS$6.2b30.2x39.4x2.8x
Sun, 27 Jul 2025US$241.2bUS$85.0bUS$6.7b25.4x36x2.8x
Tue, 24 Jun 2025US$237.0bUS$79.7bUS$6.8b31.3x34.8x3x
Thu, 22 May 2025US$249.7bUS$79.7bUS$6.8b32.3x36.6x3.1x
Sat, 19 Apr 2025US$226.9bUS$79.0bUS$6.9b22.2x32.8x2.9x
Mon, 17 Mar 2025US$233.6bUS$80.0bUS$6.7b23.6x34.8x2.9x
Wed, 12 Feb 2025US$250.5bUS$85.9bUS$6.8b23.8x36.8x2.9x
Fri, 10 Jan 2025US$241.5bUS$85.7bUS$6.7b23.7x36.1x2.8x
Sun, 08 Dec 2024US$254.0bUS$85.7bUS$6.7b26.4x38.1x3x
Tue, 05 Nov 2024US$239.2bUS$85.8bUS$6.6b27.4x36.1x2.8x
Thu, 03 Oct 2024US$225.4bUS$81.4bUS$6.2b25.9x36.3x2.8x
Sat, 31 Aug 2024US$220.7bUS$81.4bUS$6.2b23.7x35.6x2.7x
Mon, 29 Jul 2024US$210.4bUS$81.2bUS$6.2b22.9x34x2.6x
Wed, 26 Jun 2024US$212.1bUS$87.3bUS$6.5b20.8x32.5x2.4x
Fri, 24 May 2024US$222.4bUS$87.6bUS$6.5b23.3x34.4x2.5x
Sun, 21 Apr 2024US$214.6bUS$87.1bUS$6.1b23.6x35x2.5x
Tue, 19 Mar 2024US$218.4bUS$87.4bUS$6.3b23.1x34.5x2.5x
Thu, 15 Feb 2024US$220.8bUS$87.3bUS$6.3b27.3x34.8x2.5x
Sat, 13 Jan 2024US$215.0bUS$87.3bUS$6.4b26.4x33.8x2.5x
Mon, 11 Dec 2023US$213.6bUS$87.2bUS$6.3b27x33.7x2.4x
Wed, 08 Nov 2023US$198.6bUS$87.2bUS$5.9b21.6x33.8x2.3x
Fri, 06 Oct 2023US$225.1bUS$92.1bUS$6.3b19.6x35.8x2.4x
Sun, 03 Sep 2023US$238.6bUS$92.0bUS$6.2b21x38.5x2.6x
Tue, 01 Aug 2023US$243.4bUS$91.3bUS$6.1b17x39.7x2.7x
Thu, 29 Jun 2023US$215.6bUS$91.8bUS$6.3b16.3x34.5x2.3x
Sat, 27 May 2023US$208.2bUS$91.8bUS$6.3b15.7x33x2.3x
Mon, 24 Apr 2023US$174.3bUS$86.7bUS$6.0b12.6x29.1x2x
Wed, 22 Mar 2023US$176.1bUS$87.3bUS$6.0b13x29.3x2x
Fri, 17 Feb 2023US$49.6bUS$63.9bUS$1.7b14.8x29.1x0.8x
Sun, 15 Jan 2023US$46.2bUS$64.0bUS$2.1b12.6x22.5x0.7x
Price to Earnings Ratio

22.5x


Total Market Cap: US$46.2bTotal Earnings: US$2.1bTotal Revenue: US$64.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. HR Services Industry Price to Earnings3Y Average 35.1x202420252026
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 41.0x which is higher than its 3-year average PE of 35.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have grown 35% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market1.52%
Industrials3.24%
Professional Services2.17%
HR Services0.82%
Research and Consulting Services4.27%
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$261.261.6%
+US$1.6b		-10.5%PE25.5x
NSP InsperityUS$42.339.3%
+US$136.1m		-44.1%PE93.9x
UPWK UpworkUS$20.865.2%
+US$135.9m		30.0%PE11x
FA First AdvantageUS$15.214.7%
+US$118.4m		-12.9%PS1.8x
RHI Robert HalfUS$27.852.5%
+US$69.0m		-58.7%PE17.9x

Latest News

ASUR
US$9.38
Asure Software
7D
-0.4%
1Y
-17.2%
PAYX
US$111.63
Paychex
7D
-0.5%
1Y
-20.4%

Should You Investigate Paychex, Inc. (NASDAQ:PAYX) At US$111?

Jan 07
Should You Investigate Paychex, Inc. (NASDAQ:PAYX) At US$111?
BZ
US$19.93
Kanzhun
7D
-2.2%
1Y
49.6%

BZ: Rising Future P/E Will Support Bullish View On Shares

Analysts now see higher upside in Kanzhun, lifting their fair value estimate from about US$27.14 to roughly US$28.69 as they factor in updated assumptions for discount rates, revenue growth, profit margins, and a higher future P/E multiple. What's in the News Chief Financial Officer Phil Yu Zhang plans to resign from Kanzhun, effective December 11, 2025, and Vice President Wenbei Wang has been appointed Deputy Chief Financial Officer, adding responsibilities alongside her investor relations role (Key Developments).
UPWK
US$20.86
Upwork
7D
5.2%
1Y
30.0%

UPWK: AI Workflow Ambitions Will Likely Outpace Realistic Profit Margins

Analysts have raised their average price target for Upwork into the mid to high $20s, citing stronger three-year growth ambitions around AI-driven workflows, increased SMB adoption and an expanded enterprise offering, along with updated expectations for higher revenue growth and profit margins on a lower future P/E multiple. Analyst Commentary Recent research highlights a more constructive tone around Upwork, with several firms lifting their price targets into the low to high $20s.
ADP
US$261.26
Automatic Data Processing
7D
1.6%
1Y
-10.5%
PCTY
US$153.23
Paylocity Holding
7D
0.5%
1Y
-21.2%

Shareholders Would Enjoy A Repeat Of Paylocity Holding's (NASDAQ:PCTY) Recent Growth In Returns

Jan 05
Shareholders Would Enjoy A Repeat Of Paylocity Holding's (NASDAQ:PCTY) Recent Growth In Returns
ALIT
US$1.75
Alight
7D
-10.3%
1Y
-73.6%

ALIT: Expanding Backlog And Margin Gains Will Drive Future Upside Potential

Analysts have lowered their price target on Alight to $8.00 from $11.00 as they temper expectations for revenue growth and profit margins, while still citing a growing backlog and confidence in longer term margin expansion as support for the updated valuation. Analyst Commentary Bullish analysts emphasize that the recent price target revision reflects a recalibration of valuation assumptions rather than a deterioration in the underlying business, noting that the firm still sees meaningful upside from current trading levels.
STRR
US$10.66
Star Equity Holdings
7D
-5.2%
1Y
-19.8%
NSP
US$42.33
Insperity
7D
9.3%
1Y
-44.1%

Insperity: A Value Opportunity With 2026 Recovery Catalysts (Rating Upgrade)

Dec 31
PAYC
US$156.82
Paycom Software
7D
-1.6%
1Y
-21.4%

PAYC: AI Automation Will Support Durable Margins Amid Moderating Subscription Momentum

Analysts have trimmed their fair value estimate for Paycom Software slightly to approximately $208.71 from about $209.94 per share, citing a weaker employment backdrop, more cautious management guidance, and expectations for high single digit subscription revenue growth rather than the stronger historical trajectory. Analyst Commentary Recent Street research reflects a more tempered stance on Paycom Software, with multiple firms reducing price targets while generally maintaining neutral or hold level ratings.
RHI
US$27.85
Robert Half
7D
2.5%
1Y
-58.7%

RHI: Sequential Contract Stabilization Will Offset Softer Guidance And Consulting Weakness

Analysts have moderately reduced their price target on Robert Half, trimming fair value by about $1.70 to approximately $30.80 per share as they factor in softer guidance, margin pressure from weaker Protiviti trends, and a still muted rebound in staffing demand. Analyst Commentary Street research reflects a mixed but generally cautious stance on Robert Half, with lower price targets anchored in tempered expectations for near term growth and profitability.
FA
US$15.21
First Advantage
7D
4.7%
1Y
-12.9%

FA Synergy Progress And Tighter 2025 Guidance Will Support Earnings Upside

Analysts have nudged their price target on First Advantage slightly higher, from $17.43 to $17.57. They cite modest improvements in projected profitability and valuation multiples, despite slightly softer revenue growth assumptions and a lower discount rate.
SKIL
US$8.11
Skillsoft
7D
-12.8%
1Y
-72.2%
TNET
US$60.49
TriNet Group
7D
2.3%
1Y
-32.9%

TNET: Guidance And AI Tools Will Shape A Balanced Risk Outlook

Analysts have trimmed their fair value estimate for TriNet Group from 67 dollars to 62 dollars per share, citing slightly higher perceived risk, softer long term growth and margin expectations, and a richer forward earnings multiple. What's in the News TriNet reaffirmed its full year 2025 guidance, projecting total revenues of 4,950 to 5,140 million dollars and diluted EPS of 1.90 to 3.40 dollars, signaling confidence in its operating outlook (company guidance).
DAY
US$69.40
Dayforce
7D
0.3%
1Y
-1.0%

DAY: Merger Vote And Evolving Profit Outlook Will Shape Future Returns

Analysts have modestly reduced their price target on Dayforce by approximately 3 percent to around 70 dollars. They cite a higher discount rate and lower future valuation multiples, partially offset by slightly stronger revenue growth and notably improved profit margin expectations.
DLHC
US$5.53
DLH Holdings
7D
-2.1%
1Y
-29.6%