Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. HR Services Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies40
  • 7D-3.1%
  • 3M-23.6%
  • 1Y-36.7%
  • YTDn/a

Over the last 7 days, the HR Services industry has dropped 3.1%, driven by a pullback from Automatic Data Processing of 4.2%. On the other hand Robert Half is actually up 5.4%. However, the industry is down 37% over the past year. 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
Wed, 15 Apr 2026US$142.7bUS$80.5bUS$4.1b18.3x35.2x1.8x
Fri, 13 Mar 2026US$153.7bUS$80.2bUS$4.0b18.1x38.6x1.9x
Sun, 08 Feb 2026US$172.0bUS$85.2bUS$5.2b21.7x32.8x2x
Tue, 06 Jan 2026US$202.8bUS$86.5bUS$5.0b21.4x40.6x2.3x
Thu, 04 Dec 2025US$206.5bUS$87.4bUS$5.0b19.9x41x2.4x
Sat, 01 Nov 2025US$210.3bUS$87.0bUS$6.1b25.4x34.4x2.4x
Mon, 29 Sep 2025US$233.1bUS$86.4bUS$6.3b28.4x36.8x2.7x
Wed, 27 Aug 2025US$244.7bUS$86.9bUS$6.2b30.1x39.5x2.8x
Fri, 25 Jul 2025US$235.1bUS$80.0bUS$6.6b28.2x35.8x2.9x
Sun, 22 Jun 2025US$235.1bUS$79.7bUS$6.8b30.9x34.5x3x
Tue, 20 May 2025US$248.2bUS$79.7bUS$6.8b32.7x36.4x3.1x
Thu, 17 Apr 2025US$231.5bUS$79.3bUS$6.9b20.3x33.3x2.9x
Sat, 15 Mar 2025US$230.8bUS$80.0bUS$6.7b23.6x34.4x2.9x
Mon, 10 Feb 2025US$248.3bUS$85.9bUS$6.8b22.9x36.4x2.9x
Wed, 08 Jan 2025US$240.3bUS$85.7bUS$6.7b24x35.9x2.8x
Fri, 06 Dec 2024US$254.7bUS$85.7bUS$6.7b25.8x38.2x3x
Sun, 03 Nov 2024US$239.2bUS$85.8bUS$6.6b27.3x36.1x2.8x
Tue, 01 Oct 2024US$222.8bUS$81.4bUS$6.2b25.4x35.9x2.7x
Thu, 29 Aug 2024US$221.7bUS$81.4bUS$6.2b23.6x35.8x2.7x
Sat, 27 Jul 2024US$213.3bUS$86.1bUS$6.5b22.6x32.7x2.5x
Mon, 24 Jun 2024US$211.8bUS$87.3bUS$6.5b20.9x32.4x2.4x
Wed, 22 May 2024US$221.1bUS$87.6bUS$6.5b23.9x34.2x2.5x
Fri, 19 Apr 2024US$213.3bUS$87.1bUS$6.1b23.3x34.8x2.4x
Sun, 17 Mar 2024US$217.9bUS$87.4bUS$6.3b23.2x34.4x2.5x
Tue, 13 Feb 2024US$223.8bUS$87.3bUS$6.4b27.2x35.2x2.6x
Thu, 11 Jan 2024US$215.4bUS$87.3bUS$6.4b26.2x33.8x2.5x
Sat, 09 Dec 2023US$213.9bUS$87.2bUS$6.3b27x33.8x2.5x
Mon, 06 Nov 2023US$197.8bUS$87.2bUS$5.9b21.7x33.7x2.3x
Wed, 04 Oct 2023US$222.0bUS$92.1bUS$6.3b19.3x35.3x2.4x
Fri, 01 Sep 2023US$238.0bUS$92.0bUS$6.2b20.8x38.4x2.6x
Sun, 30 Jul 2023US$244.1bUS$91.3bUS$6.1b17.1x39.8x2.7x
Tue, 27 Jun 2023US$215.1bUS$91.8bUS$6.3b16.3x34.2x2.3x
Thu, 25 May 2023US$209.0bUS$91.8bUS$6.3b15.7x33.1x2.3x
Sat, 22 Apr 2023US$174.3bUS$86.7bUS$6.0b12.7x29.1x2x
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 1.8x.
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 Market4.44%
Industrials5.99%
Professional Services-1.08%
HR Services-3.11%
Research and Consulting Services0.46%
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$25.385.4%
+US$159.6m		-47.5%PE19.2x
BZ KanzhunUS$13.502.6%
+US$148.7m		-5.6%PE15.5x
FA First AdvantageUS$12.046.7%
+US$132.5m		-13.8%PS1.3x
ALIT AlightUS$0.6221.7%
+US$57.8m		-87.6%PS0.1x
MAN ManpowerGroupUS$29.233.3%
+US$43.2m		-41.9%PS0.08x

Latest News

NSP
US$27.59
Insperity
7D
-0.8%
1Y
-66.9%
TBI
US$3.76
TrueBlue
7D
-6.7%
1Y
-11.7%
TNET
US$37.71
TriNet Group
7D
1.5%
1Y
-52.1%
ALIT
US$0.62
Alight
7D
21.7%
1Y
-87.6%

ALIT: Weaker Renewals And Execution Missteps Will Pressure Future Earnings Profile

Analysts have sharply reduced their price expectations for Alight, with the average target moving lower by about $2. This change is accompanied by lower assumed revenue growth, slimmer profit margins, and a cut to future P/E as they factor in weaker renewals, softer project activity, and ongoing execution challenges.
RHI
US$25.38
Robert Half
7D
5.4%
1Y
-47.5%
FA
US$12.04
First Advantage
7D
6.7%
1Y
-13.8%

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

Apr 13
ADP
US$195.08
Automatic Data Processing
7D
-4.2%
1Y
-34.6%

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?
PAYX
US$88.85
Paychex
7D
-3.0%
1Y
-39.8%

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$119.84
Paycom Software
7D
-3.5%
1Y
-45.4%

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$97.92
Paylocity Holding
7D
-7.9%
1Y
-47.6%

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.
KELY.A
US$9.17
Kelly Services
7D
5.5%
1Y
-18.3%

KELY.A: Future Upside Will Rely On Executing The 2026 Outlook

Analysts have trimmed their price target on Kelly Services to $15 from $16, reflecting updated estimates following Q4 results and the company's 2026 outlook. Analyst Commentary Recent commentary around Kelly Services focuses on how the updated Q4 figures and the 2026 outlook fit with the new US$15 price target.
LGCL
US$1.89
Lucas GC
7D
21.2%
1Y
-87.9%
MAN
US$29.23
ManpowerGroup
7D
3.3%
1Y
-41.9%

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.
BZ
US$13.50
Kanzhun
7D
2.6%
1Y
-5.6%

BZ: Fair Value View Will Rely On Expanded Buybacks And Margin Outlook

Analysts have cut their price target on Kanzhun from about $21.04 to about $15.90 as they now factor in more moderate revenue growth and a lower future P/E of roughly 21.7x, partly offset by expectations for a higher profit margin of about 33.6%. What's in the News Kanzhun increased its equity buyback authorization by US$150 million to a total of US$400 million and extended the program to August 28, 2027 (company announcement).
BGSF
US$5.74
BGSF
7D
-9.2%
1Y
91.3%
IPDN
US$0.99
Professional Diversity Network
7D
-13.3%
1Y
-13.3%