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U.S. HR Services Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies45
  • 7D-5.1%
  • 3M-8.1%
  • 1Y-27.9%
  • YTDn/a

Over the last 7 days, the HR Services industry has dropped 6.7%, driven by a pullback from Automatic Data Processing of 6.4%. On the other hand Robert Half is actually up 22%. However, the industry is down 27% over the past 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, 05 Feb 2026US$173.3bUS$85.1bUS$5.2b22x33.1x2x
Sat, 03 Jan 2026US$203.4bUS$86.5bUS$5.0b20.7x40.7x2.4x
Mon, 01 Dec 2025US$204.2bUS$87.4bUS$5.0b19.5x40.5x2.3x
Wed, 29 Oct 2025US$223.7bUS$86.6bUS$6.3b27.7x35.7x2.6x
Fri, 26 Sep 2025US$233.7bUS$86.4bUS$6.3b28.1x36.9x2.7x
Sun, 24 Aug 2025US$248.0bUS$86.9bUS$6.2b30.6x40x2.9x
Tue, 22 Jul 2025US$232.2bUS$79.8bUS$6.6b30.8x35.2x2.9x
Thu, 19 Jun 2025US$236.9bUS$79.7bUS$6.8b31.1x34.8x3x
Sat, 17 May 2025US$245.6bUS$79.7bUS$6.8b32.3x36x3.1x
Mon, 14 Apr 2025US$236.0bUS$80.1bUS$6.7b26.3x35.2x2.9x
Wed, 12 Mar 2025US$242.2bUS$80.0bUS$6.7b22.3x36.1x3x
Fri, 07 Feb 2025US$252.4bUS$85.8bUS$6.8b23.4x37x2.9x
Sun, 05 Jan 2025US$242.4bUS$85.7bUS$6.7b24.2x36.2x2.8x
Tue, 03 Dec 2024US$256.4bUS$85.7bUS$6.6b27.6x38.9x3x
Thu, 31 Oct 2024US$237.8bUS$86.1bUS$6.5b27.4x36.3x2.8x
Sat, 28 Sep 2024US$223.1bUS$81.4bUS$6.2b25.3x35.9x2.7x
Mon, 26 Aug 2024US$218.9bUS$81.4bUS$6.2b23.8x35.3x2.7x
Wed, 24 Jul 2024US$212.6bUS$86.3bUS$6.6b22.5x32.4x2.5x
Fri, 21 Jun 2024US$208.8bUS$87.3bUS$6.5b20.7x32x2.4x
Sun, 19 May 2024US$221.9bUS$87.6bUS$6.5b23.4x34.3x2.5x
Tue, 16 Apr 2024US$218.1bUS$87.5bUS$6.4b23x34.3x2.5x
Thu, 14 Mar 2024US$220.8bUS$87.4bUS$6.3b25.3x34.9x2.5x
Sat, 10 Feb 2024US$222.6bUS$87.3bUS$6.4b27.2x35x2.5x
Mon, 08 Jan 2024US$214.0bUS$87.3bUS$6.4b26x33.6x2.5x
Wed, 06 Dec 2023US$216.3bUS$87.2bUS$5.9b25.5x36.9x2.5x
Fri, 03 Nov 2023US$192.4bUS$87.1bUS$5.9b21.6x32.8x2.2x
Sun, 01 Oct 2023US$223.1bUS$92.1bUS$6.3b19.8x35.4x2.4x
Tue, 29 Aug 2023US$236.0bUS$92.0bUS$6.2b20.6x38.1x2.6x
Thu, 27 Jul 2023US$239.4bUS$91.3bUS$6.1b17x38.9x2.6x
Sat, 24 Jun 2023US$212.5bUS$91.8bUS$6.3b15.9x33.8x2.3x
Mon, 22 May 2023US$210.2bUS$91.8bUS$6.3b15.5x33.3x2.3x
Wed, 19 Apr 2023US$175.5bUS$87.1bUS$6.0b13.3x29.2x2x
Fri, 17 Mar 2023US$45.6bUS$65.3bUS$1.4b12.4x32.8x0.7x
Sun, 12 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 2.2x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have grown 43% 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 Market-1.46%
Industrials2.11%
Professional Services-6.13%
HR Services-5.09%
Research and Consulting Services-5.90%
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$32.8321.8%
+US$587.9m		-47.1%PE24.7x
MAN ManpowerGroupUS$36.8127.1%
+US$363.4m		-36.7%PS0.09x
DAY DayforceUS$69.860.8%
+US$84.8m		-2.6%PS5.9x
KFRC KforceUS$36.5312.3%
+US$69.0m		-32.1%PE18.1x
FA First AdvantageUS$13.131.7%
+US$38.3m		-32.0%PS1.6x

Latest News

RHI
US$32.83
Robert Half
7D
21.8%
1Y
-47.1%
UPWK
US$17.05
Upwork
7D
-16.9%
1Y
8.3%
DAY
US$69.86
Dayforce
7D
0.8%
1Y
-2.6%
KFRC
US$36.53
Kforce
7D
12.3%
1Y
-32.1%
ALIT
US$1.59
Alight
7D
3.2%
1Y
-76.0%

ALIT: Higher Margins And Leadership Changes Will Reshape Future Earnings Profile

Analysts have cut their price target on Alight to US$2.50 from US$6.00, reflecting updated assumptions around discount rate, profit margin, revenue growth and future P/E in light of competitive and regulatory pressures on valuation multiples. Analyst Commentary Recent research reflects a more cautious stance on Alight, with the price target reset to US$2.50 from US$6.00.
PAYX
US$98.48
Paychex
7D
-3.9%
1Y
-34.7%
FA
US$13.13
First Advantage
7D
1.7%
1Y
-32.0%
KELY.A
US$10.79
Kelly Services
7D
8.6%
1Y
-20.7%
MAN
US$36.81
ManpowerGroup
7D
27.1%
1Y
-36.7%
TNET
US$56.65
TriNet Group
7D
-1.9%
1Y
-37.9%
ADP
US$234.67
Automatic Data Processing
7D
-6.4%
1Y
-23.8%
FVRR
US$15.84
Fiverr International
7D
-6.8%
1Y
-48.4%
PAYC
US$129.84
Paycom Software
7D
-7.0%
1Y
-37.0%

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.
KFY
US$67.05
Korn Ferry
7D
1.1%
1Y
-3.6%

KFY: New Talent Platform And Steady Outlook Will Support Future Upside

Analysts have maintained their fair value estimate for Korn Ferry at $80.25 per share, indicating that only minor adjustments have been made to the discount rate, revenue growth, profit margin and future P/E assumptions, rather than any material change in the overall outlook. What's in the News Korn Ferry launched Korn Ferry Talent Suite, a SaaS platform that brings together the firm's Architect, Assess, Pay, Recruit, Sell and other applications into a single system that embeds its proprietary talent IP, data, analytics and AI into client workflows (Key Developments).
PCTY
US$126.64
Paylocity Holding
7D
-10.0%
1Y
-39.4%

PCTY: Beat And Raise Cadence Will Support Long Term Upside Potential

Narrative Update on Paylocity Holding Analysts have trimmed their fair value estimate for Paylocity Holding by about $1.66 to $192.19. This reflects a mix of lowered and raised price targets as they update assumptions on discount rates, long term margins, and future P/E multiples in light of recent sector outlooks and company specific research.
BZ
US$17.51
Kanzhun
7D
-7.0%
1Y
19.6%

Kanzhun (NASDAQ:BZ) Shareholders Will Want The ROCE Trajectory To Continue

Jan 22
Kanzhun (NASDAQ:BZ) Shareholders Will Want The ROCE Trajectory To Continue