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U.S. HR Services Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies41
  • 7D-0.4%
  • 3M-21.4%
  • 1Y-37.5%
  • YTDn/a

Over the last 7 days, the HR Services industry has remained flat. Unfortunately though, the industry is down 38% over the past 12 months. 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
Wed, 01 Apr 2026US$149.0bUS$80.5bUS$4.1b18.1x36.7x1.9x
Fri, 27 Feb 2026US$153.0bUS$80.3bUS$4.0b20.7x38.5x1.9x
Sun, 25 Jan 2026US$201.3bUS$86.5bUS$5.0b22.3x40.3x2.3x
Tue, 23 Dec 2025US$204.6bUS$86.5bUS$5.0b20.7x41x2.4x
Thu, 20 Nov 2025US$199.2bUS$87.4bUS$5.0b19.5x39.5x2.3x
Sat, 18 Oct 2025US$223.7bUS$86.7bUS$6.3b27.5x35.6x2.6x
Mon, 15 Sep 2025US$238.2bUS$86.4bUS$6.3b29.2x37.6x2.8x
Wed, 13 Aug 2025US$238.2bUS$86.8bUS$6.1b29.1x38.8x2.7x
Fri, 11 Jul 2025US$236.7bUS$79.8bUS$6.7b31x35.2x3x
Sun, 08 Jun 2025US$251.4bUS$79.7bUS$6.8b33.1x36.9x3.2x
Tue, 06 May 2025US$234.6bUS$79.3bUS$6.9b23.6x34x3x
Thu, 03 Apr 2025US$244.6bUS$80.1bUS$6.7b28.1x36.4x3.1x
Sat, 01 Mar 2025US$246.5bUS$80.0bUS$6.7b23.2x36.6x3.1x
Mon, 27 Jan 2025US$248.4bUS$85.8bUS$6.7b24.5x37.1x2.9x
Wed, 25 Dec 2024US$245.8bUS$85.7bUS$6.7b23.9x36.7x2.9x
Fri, 22 Nov 2024US$247.7bUS$85.7bUS$6.6b26.3x37.5x2.9x
Sun, 20 Oct 2024US$234.4bUS$81.2bUS$6.2b28.6x37.8x2.9x
Tue, 17 Sep 2024US$224.6bUS$81.4bUS$6.2b25.6x36.2x2.8x
Thu, 15 Aug 2024US$211.0bUS$81.4bUS$6.2b22.4x34x2.6x
Sat, 13 Jul 2024US$201.8bUS$86.6bUS$6.6b21x30.7x2.3x
Mon, 10 Jun 2024US$212.4bUS$87.6bUS$6.5b21.3x32.9x2.4x
Wed, 08 May 2024US$217.6bUS$87.9bUS$6.5b24.3x33.6x2.5x
Fri, 05 Apr 2024US$219.6bUS$87.5bUS$6.4b23.4x34.5x2.5x
Sun, 03 Mar 2024US$223.1bUS$87.3bUS$6.4b26.6x35x2.6x
Tue, 30 Jan 2024US$216.8bUS$87.3bUS$6.4b26.8x33.7x2.5x
Thu, 28 Dec 2023US$217.0bUS$87.3bUS$6.4b26.3x34.1x2.5x
Sat, 25 Nov 2023US$210.5bUS$87.2bUS$5.9b24.2x35.9x2.4x
Mon, 23 Oct 2023US$223.6bUS$92.0bUS$6.2b19.7x36x2.4x
Wed, 20 Sep 2023US$223.9bUS$88.7bUS$6.5b20.2x34.5x2.5x
Fri, 18 Aug 2023US$235.9bUS$92.0bUS$6.2b20.3x38.1x2.6x
Sun, 16 Jul 2023US$233.3bUS$91.8bUS$6.3b16.6x37x2.5x
Tue, 13 Jun 2023US$219.7bUS$91.8bUS$6.3b16.6x34.9x2.4x
Thu, 11 May 2023US$208.0bUS$91.7bUS$6.3b14x33.3x2.3x
Sat, 08 Apr 2023US$173.6bUS$87.4bUS$6.0b13x28.8x2x
Price to Earnings Ratio

28.8x


Total Market Cap: US$173.6bTotal Earnings: US$6.0bTotal Revenue: US$87.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. HR Services Industry Price to Earnings3Y Average 35.8x202420252026
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 35.8x.
  • 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 declined 12% per year over the last three years,
  • Revenues have also declined 2.7% 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 Market-0.61%
Industrials-1.44%
Professional Services-0.66%
HR Services-0.45%
Research and Consulting Services-0.60%
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
PAYC Paycom SoftwareUS$121.542.2%
+US$137.2m		-45.0%PE14.3x
FA First AdvantageUS$11.765.7%
+US$109.8m		-18.5%PS1.3x
RHI Robert HalfUS$25.403.5%
+US$84.5m		-53.0%PE19x
MAN ManpowerGroupUS$29.465.7%
+US$73.8m		-49.8%PS0.08x
BZ KanzhunUS$13.391.0%
+US$41.7m		-29.7%PE15.6x

Latest News

ASUR
US$8.60
Asure Software
7D
7.6%
1Y
-12.2%
BZ
US$13.39
Kanzhun
7D
1.0%
1Y
-29.7%

Kanzhun's (NASDAQ:BZ) Solid Earnings Are Supported By Other Strong Factors

Mar 31
Kanzhun's (NASDAQ:BZ) Solid Earnings Are Supported By Other Strong Factors
KFRC
US$29.24
Kforce
7D
5.4%
1Y
-40.8%

KFRC: Dividend Increases And Buybacks Will Drive Future Shareholder Returns

Analysts have lifted their Kforce price targets by $3 to $4.50, reflecting updated views on discount rates, modest changes to revenue growth and profit margin assumptions, and a slightly lower future P/E multiple. Analyst Commentary Bullish analysts lifting Kforce price targets by $3 to $4.50 are signaling increased confidence in how the current valuation lines up with their updated assumptions on discount rates, revenue trends, and profit margins.
ALIT
US$0.58
Alight
7D
-9.3%
1Y
-90.0%

ALIT: Undemanding Valuation And Margin Improvement Will Support Future Share Recovery

Narrative Update The analyst price target for Alight has been reduced by approximately $0.33 to $2.38, as analysts factor in weaker recent results, softer revenue guidance, pressure on renewals, and near term margin headwinds highlighted across recent research updates. Analyst Commentary Recent research updates on Alight have shifted meaningfully, with several firms cutting price targets and rethinking ratings after weaker results, softer guidance, and pressure on renewals and margins.
ADP
US$203.18
Automatic Data Processing
7D
-0.8%
1Y
-33.7%

AI Payroll Demand And International Expansion Will Shape A Steady But Limited Outlook

Catalysts About Automatic Data Processing Automatic Data Processing provides payroll and broader human capital management services and outsourcing solutions to employers of various sizes across multiple countries. What are the underlying business or industry changes driving this perspective?
PAYX
US$92.12
Paychex
7D
-1.3%
1Y
-40.5%

AI Rollout And PEO Demand Will Support Steady Outlook Despite Integration Risks

Catalysts About Paychex Paychex provides HR, payroll, benefits and PEO solutions to businesses of various sizes, with a large small business client base. What are the underlying business or industry changes driving this perspective?
PAYC
US$121.54
Paycom Software
7D
2.2%
1Y
-45.0%

PAYC: Aggressive Early 2026 Buybacks Will Support Future Upside

Analyst price targets for Paycom Software have ticked higher in recent research, with moves such as Cantor Fitzgerald lifting its target to $135 and Barclays to $150. Analysts point to the company’s refreshed share buyback authorization and sizable recent repurchases as key support for the updated valuations.
PCTY
US$108.04
Paylocity Holding
7D
-0.2%
1Y
-43.1%

PCTY: Stable Margins And Buybacks Will Drive Long Term Upside

Analysts trimmed the Paylocity Holding fair value estimate by about $1 to $169.43 per share. The change reflects updated price targets across the Street and slightly higher discount rate and future P/E assumptions, while revenue growth and profit margin expectations remain essentially unchanged.
TNET
US$36.43
TriNet Group
7D
-4.0%
1Y
-54.1%
MHH
US$5.69
Mastech Digital
7D
-9.8%
1Y
-41.4%
RHI
US$25.40
Robert Half
7D
3.5%
1Y
-53.0%

RHI: Cost Actions And Limited AI Risk Will Shape Future Performance

Robert Half's updated analyst price target moves lower to $22, reflecting an $11 reset as analysts factor in a higher discount rate, slightly different revenue expectations, reduced profit margin assumptions, and recent Street research that trims targets after cost actions and revised profitability ramps, even as some highlight relatively limited AI disruption risk. Analyst Commentary Recent research paints a mixed picture, with several firms trimming price targets and flagging execution risks, even as others adjust targets higher.
NSP
US$27.04
Insperity
7D
1.9%
1Y
-69.9%

NSP: HR Partnership And Earnings Outlook Will Support Future Upside Potential

Analysts have nudged their price target for Insperity slightly higher to $56.00, reflecting updated assumptions around the discount rate, revenue growth, profit margins, and future P/E that collectively suggest a modestly improved outlook for the shares. What's in the News Insperity and Workday announced the general availability of Insperity HRScale, combining Insperity's PEO model and HR services with the Workday Human Capital Management suite to offer small and midsized businesses an integrated HR, payroll, and workforce analytics platform (Client Announcements).
FA
US$11.76
First Advantage
7D
5.7%
1Y
-18.5%

FA: Share Repurchases And 2026 Guidance Will Support Future Earnings Upside

Analysts have revised their 12 month price target for First Advantage to $15.00 from $17.57, reflecting updated assumptions for revenue growth, profit margins, and future P/E multiples. What's in the News First Advantage issued full year 2026 earnings guidance, with expected revenue in the range of US$1.625b to US$1.7b (company guidance).
UPWK
US$10.96
Upwork
7D
-1.7%
1Y
-16.3%
MAN
US$29.46
ManpowerGroup
7D
5.7%
1Y
-49.8%

MAN: AI Hiring Partnership Will Support Future Cash Returns

Analysts are keeping their $50.00 price target for ManpowerGroup unchanged. They cite updated assumptions around a slightly higher discount rate, modestly different revenue growth and profit margin expectations, and a small adjustment to the forward P/E multiple that together support maintaining their prior valuation view.
DLHC
US$5.82
DLH Holdings
7D
-3.6%
1Y
45.1%