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

U.S. HR Services Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies46
  • 7D4.0%
  • 3M-7.7%
  • 1Y-12.7%
  • YTDn/a

Over the last 7 days, the HR Services industry has risen 4.0%, driven by gains from Automatic Data Processing of 5.2%. Meanwhile, Kanzhun actually underperformed within the industry, shrinking 8.1% in the last week. In the past year, the industry is down 13%. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026US$207.8bUS$86.5bUS$5.0b21.8x41.6x2.4x
Tue, 09 Dec 2025US$206.7bUS$87.4bUS$5.0b19.9x41x2.4x
Thu, 06 Nov 2025US$207.8bUS$87.1bUS$6.1b25.1x34.1x2.4x
Sat, 04 Oct 2025US$229.1bUS$86.6bUS$6.3b27.6x36.4x2.6x
Mon, 01 Sep 2025US$245.5bUS$86.9bUS$6.2b30.2x39.6x2.8x
Wed, 30 Jul 2025US$239.5bUS$85.0bUS$6.7b25.4x35.7x2.8x
Fri, 27 Jun 2025US$226.5bUS$79.8bUS$6.7b30.7x33.7x2.8x
Sun, 25 May 2025US$246.6bUS$79.7bUS$6.8b32.3x36.2x3.1x
Tue, 22 Apr 2025US$225.3bUS$79.0bUS$6.9b21.1x32.6x2.9x
Thu, 20 Mar 2025US$237.3bUS$80.0bUS$6.7b27.6x35.4x3x
Sat, 15 Feb 2025US$248.4bUS$81.0bUS$6.7b23.2x37.3x3.1x
Mon, 13 Jan 2025US$238.5bUS$85.7bUS$6.7b23.6x35.7x2.8x
Wed, 11 Dec 2024US$250.5bUS$85.7bUS$6.7b26.6x37.6x2.9x
Fri, 08 Nov 2024US$256.4bUS$85.8bUS$6.6b27x38.6x3x
Sun, 06 Oct 2024US$230.2bUS$81.4bUS$6.2b25.5x37.1x2.8x
Tue, 03 Sep 2024US$222.3bUS$81.4bUS$6.2b23.7x35.9x2.7x
Thu, 01 Aug 2024US$217.0bUS$81.2bUS$6.2b24.9x35.2x2.7x
Sat, 29 Jun 2024US$203.0bUS$87.4bUS$6.6b20.7x31x2.3x
Mon, 27 May 2024US$216.3bUS$87.6bUS$6.5b23.1x33.5x2.5x
Wed, 24 Apr 2024US$218.2bUS$87.1bUS$6.1b23.7x35.6x2.5x
Fri, 22 Mar 2024US$223.5bUS$87.4bUS$6.3b23.6x35.3x2.6x
Sun, 18 Feb 2024US$225.6bUS$87.3bUS$6.4b26.8x35.3x2.6x
Tue, 16 Jan 2024US$215.0bUS$87.3bUS$6.4b26.4x33.8x2.5x
Thu, 14 Dec 2023US$218.0bUS$87.2bUS$6.3b28.2x34.4x2.5x
Sat, 11 Nov 2023US$203.0bUS$87.2bUS$5.8b24.3x34.7x2.3x
Mon, 09 Oct 2023US$229.0bUS$92.1bUS$6.3b20x36.4x2.5x
Wed, 06 Sep 2023US$236.0bUS$92.0bUS$6.2b21x38.1x2.6x
Fri, 04 Aug 2023US$236.7bUS$91.7bUS$6.1b18.4x39.1x2.6x
Sun, 02 Jul 2023US$219.9bUS$91.8bUS$6.3b16.6x34.9x2.4x
Tue, 30 May 2023US$208.2bUS$91.8bUS$6.3b15.7x33x2.3x
Thu, 27 Apr 2023US$168.6bUS$86.6bUS$6.0b11.8x28.2x1.9x
Sat, 25 Mar 2023US$173.0bUS$87.3bUS$6.0b12.7x28.8x2x
Mon, 20 Feb 2023US$49.9bUS$63.9bUS$1.6b14.9x30.5x0.8x
Wed, 18 Jan 2023US$45.6bUS$64.0bUS$2.1b12.2x22.2x0.7x
Price to Earnings Ratio

22.2x


Total Market Cap: US$45.6bTotal 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 41.6x 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 Market1.88%
Industrials3.40%
Professional Services5.31%
HR Services4.03%
Research and Consulting Services7.58%
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$266.025.2%
+US$5.3b		-7.3%PE26x
PAYX PaychexUS$113.774.8%
+US$1.9b		-18.2%PE25.6x
PAYC Paycom SoftwareUS$157.173.1%
+US$261.9m		-22.2%PE19x
FA First AdvantageUS$15.7210.3%
+US$255.9m		-9.9%PS1.9x
PCTY Paylocity HoldingUS$150.393.2%
+US$255.0m		-21.4%PE36.3x

Latest News

PCTY
US$150.39
Paylocity Holding
7D
3.2%
1Y
-21.4%

PCTY: Beat And Raise Cadence Will Support Long Term Capital Appreciation

Analysts have made a slight adjustment to their Paylocity fair value estimate to $193.85, reflecting updated assumptions for interest rates, earnings multiples, and recent research that includes both higher and lower price targets across firms. Analyst Commentary Recent research on Paylocity reflects a mix of optimism on execution and caution around the operating backdrop, with price targets clustering between US$175 and US$245 compared with the updated fair value estimate of US$193.85.
NSP
US$44.97
Insperity
7D
16.4%
1Y
-40.3%

Investors Still Aren't Entirely Convinced By Insperity, Inc.'s (NYSE:NSP) Revenues Despite 28% Price Jump

Jan 09
Investors Still Aren't Entirely Convinced By Insperity, Inc.'s (NYSE:NSP) Revenues Despite 28% Price Jump
RHI
US$29.02
Robert Half
7D
6.1%
1Y
-55.7%

RHI: Sequential Contract Stabilization And Conservative Buybacks Will Balance Softer Guidance

Narrative Update Analysts have trimmed their price targets on Robert Half by roughly US$9 to US$19 per share, citing softer guidance, mixed quarterly trends between staffing and Protiviti, and a cautious approach to leverage and buybacks. Together, these factors support only modest tweaks to discount rate, revenue growth, profit margin, and future P/E assumptions in the model.
ALIT
US$1.66
Alight
7D
-11.7%
1Y
-74.6%
TNET
US$62.47
TriNet Group
7D
9.3%
1Y
-30.5%

TNET: AI HR Capabilities And Buybacks Will Support Future Earnings Upside

Analysts slightly reduced their price target on TriNet Group by about $2 to roughly $70, reflecting small tweaks to fair value, discount rate, profit margin assumptions, and a modestly higher future P/E multiple in their models. What's in the News Completed a share repurchase tranche, buying 481,649 shares (0.99% of outstanding shares) for $31.5 million between July 1 and September 30, 2025.
PAYX
US$113.77
Paychex
7D
4.8%
1Y
-18.2%

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

Jan 07
Should You Investigate Paychex, Inc. (NASDAQ:PAYX) At US$111?
FA
US$15.72
First Advantage
7D
10.3%
1Y
-9.9%

FA: Refined 2025 Guidance And Synergies Will Support Earnings Upside

Analysts have maintained their price target for First Advantage broadly in line with prior views at about US$17.57. Small adjustments to inputs such as the discount rate and assumed future P/E reflect updated risk and valuation assumptions rather than a major change in outlook.
FVRR
US$18.14
Fiverr International
7D
-7.8%
1Y
-43.0%

FVRR: Higher Margins And Earnings Profile Will Support Bullish Repricing

Analysts have nudged their price target on Fiverr International higher to US$41.34 from US$41.34, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. Analyst Commentary Bullish analysts are pointing to Fiverr International's updated price target of US$41.34 as a sign of confidence in the company’s ability to execute against current expectations for revenue, margins and future P/E.
BZ
US$19.21
Kanzhun
7D
-8.1%
1Y
48.7%

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).
ADP
US$266.02
Automatic Data Processing
7D
5.2%
1Y
-7.3%
NIXX
US$0.95
Nixxy
7D
-7.7%
1Y
-81.7%
PAYC
US$157.17
Paycom Software
7D
3.1%
1Y
-22.2%

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.
LGCL
US$2.16
Lucas GC
7D
-6.1%
1Y
-90.8%
BIYA
US$3.95
Baiya International Group
7D
-10.4%
1Y
n/a

Revenues Working Against Baiya International Group Inc.'s (NASDAQ:BIYA) Share Price Following 43% Dive

Dec 07
Revenues Working Against Baiya International Group Inc.'s (NASDAQ:BIYA) Share Price Following 43% Dive
CLIK
US$4.95
Click Holdings
7D
-7.1%
1Y
-86.8%
IPDN
US$1.19
Professional Diversity Network
7D
-10.5%
1Y
-74.4%