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U.S. HR Services Industry Analysis

UpdatedFeb 02, 2026
DataAggregated Company Financials
Companies46
  • 7D-3.6%
  • 3M-5.8%
  • 1Y-22.6%
  • YTDn/a

Over the last 7 days, the HR Services industry has dropped 3.6%, driven by Automatic Data Processing declining 4.3%. In contrast, Robert Half has gained 21%. The industry has fallen 23% in the last year. 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
Mon, 02 Feb 2026US$193.6bUS$87.0bUS$5.1b22.7x38.1x2.2x
Wed, 31 Dec 2025US$205.1bUS$86.5bUS$5.0b20.8x41x2.4x
Fri, 28 Nov 2025US$203.5bUS$87.4bUS$5.0b20.1x40.4x2.3x
Sun, 26 Oct 2025US$223.7bUS$86.6bUS$6.3b27.4x35.7x2.6x
Tue, 23 Sep 2025US$235.0bUS$86.4bUS$6.3b28.7x37.1x2.7x
Thu, 21 Aug 2025US$243.8bUS$86.8bUS$6.2b30.2x39.6x2.8x
Sat, 19 Jul 2025US$232.5bUS$79.8bUS$6.6b30.9x35.2x2.9x
Mon, 16 Jun 2025US$237.1bUS$79.7bUS$6.8b31.1x34.8x3x
Wed, 14 May 2025US$242.2bUS$79.7bUS$6.9b29.2x35.3x3x
Fri, 11 Apr 2025US$234.7bUS$80.1bUS$6.7b25.7x35x2.9x
Sun, 09 Mar 2025US$244.0bUS$80.0bUS$6.7b22.8x36.4x3x
Tue, 04 Feb 2025US$252.1bUS$85.8bUS$6.8b24.1x36.8x2.9x
Thu, 02 Jan 2025US$243.2bUS$85.7bUS$6.7b24.3x36.4x2.8x
Sat, 30 Nov 2024US$256.4bUS$85.7bUS$6.6b27.6x38.9x3x
Mon, 28 Oct 2024US$235.4bUS$86.1bUS$6.4b27x36.6x2.7x
Wed, 25 Sep 2024US$225.6bUS$81.4bUS$6.2b25.3x36.4x2.8x
Fri, 23 Aug 2024US$216.0bUS$81.4bUS$6.2b23.2x34.9x2.7x
Sun, 21 Jul 2024US$211.5bUS$86.3bUS$6.6b22.1x32.3x2.5x
Tue, 18 Jun 2024US$207.6bUS$87.3bUS$6.5b20.3x31.8x2.4x
Thu, 16 May 2024US$217.2bUS$87.6bUS$6.5b23.5x33.6x2.5x
Sat, 13 Apr 2024US$220.1bUS$87.5bUS$6.4b23.2x34.6x2.5x
Mon, 11 Mar 2024US$219.1bUS$87.4bUS$6.3b26.3x34.5x2.5x
Wed, 07 Feb 2024US$224.1bUS$87.1bUS$6.3b27.5x35.5x2.6x
Fri, 05 Jan 2024US$213.3bUS$87.3bUS$6.4b26x33.5x2.4x
Sun, 03 Dec 2023US$216.1bUS$87.2bUS$5.9b24.9x36.9x2.5x
Tue, 31 Oct 2023US$201.6bUS$86.9bUS$5.8b19.5x34.5x2.3x
Thu, 28 Sep 2023US$224.4bUS$92.1bUS$6.3b19.7x35.6x2.4x
Sat, 26 Aug 2023US$236.0bUS$92.0bUS$6.2b20.6x38.1x2.6x
Mon, 24 Jul 2023US$237.4bUS$91.6bUS$6.2b16.9x38x2.6x
Wed, 21 Jun 2023US$219.9bUS$91.8bUS$6.3b16.3x35x2.4x
Fri, 19 May 2023US$210.3bUS$91.7bUS$6.3b15.2x33.3x2.3x
Sun, 16 Apr 2023US$173.9bUS$87.1bUS$6.0b13x29x2x
Tue, 14 Mar 2023US$45.2bUS$65.3bUS$1.4b12.5x32.6x0.7x
Thu, 09 Feb 2023US$49.3bUS$63.7bUS$1.7b13.1x28.5x0.8x
Price to Earnings Ratio

28.5x


Total Market Cap: US$49.3bTotal Earnings: US$1.7bTotal Revenue: US$63.7bTotal 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-0.23%
Industrials-0.041%
Professional Services-4.08%
HR Services-3.59%
Research and Consulting Services-4.12%
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$34.6122.2%
+US$627.9m		-45.4%PE26x
MAN ManpowerGroupUS$36.3319.5%
+US$274.5m		-37.8%PS0.09x
KFY Korn FerryUS$69.471.9%
+US$66.8m		-0.8%PE14x
KELY.A Kelly ServicesUS$10.796.7%
+US$24.0m		-21.0%PS0.09x
KFRC KforceUS$35.332.5%
+US$15.0m		-34.3%PE15x

Latest News

PAYX
US$103.13
Paychex
7D
-2.9%
1Y
-30.6%
FA
US$13.50
First Advantage
7D
-4.3%
1Y
-28.2%
KELY.A
US$10.79
Kelly Services
7D
6.7%
1Y
-21.0%
RHI
US$34.61
Robert Half
7D
22.2%
1Y
-45.4%
NSP
US$42.73
Insperity
7D
-6.4%
1Y
-42.4%
MAN
US$36.33
ManpowerGroup
7D
19.5%
1Y
-37.8%
ADP
US$246.82
Automatic Data Processing
7D
-4.4%
1Y
-19.7%
PAYC
US$134.75
Paycom Software
7D
-8.6%
1Y
-34.3%

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$69.47
Korn Ferry
7D
1.9%
1Y
-0.8%

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$134.98
Paylocity Holding
7D
-7.2%
1Y
-34.6%

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$18.52
Kanzhun
7D
-2.5%
1Y
25.8%

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

Jan 22
Kanzhun (NASDAQ:BZ) Shareholders Will Want The ROCE Trajectory To Continue
TBI
US$5.36
TrueBlue
7D
4.1%
1Y
-31.5%
UPWK
US$20.03
Upwork
7D
-8.4%
1Y
31.5%

UPWK: AI Workflows And Index Adds Will Support Long-Term Enterprise And SMB Gains

Analysts have nudged their fair value estimate for Upwork up by $1 to $23.90, citing higher published price targets, a more constructive view on the company's three year outlook and investor day growth pillars, and updated assumptions that include a modestly higher future P/E multiple and slightly lower long term revenue growth and profit margin inputs. Analyst Commentary Recent Street research on Upwork clusters around a more constructive medium term view, with higher price targets grounded in the company’s investor day messaging, Q3 execution and refreshed financial targets.
KFRC
US$35.33
Kforce
7D
2.5%
1Y
-34.3%

KFRC: Share Repurchases And Tempered Outlook Will Shape Fairly Balanced Prospects

Analysts have trimmed their price target on Kforce from US$40.00 to US$34.50, citing more cautious assumptions around revenue growth, profit margins, the discount rate and future P/E expectations. What's in the News Kforce updated its earnings guidance for the fourth quarter of 2025, with revenue estimated in a range of US$326 million to US$334 million and earnings per share projected between US$0.43 and US$0.51 (Key Developments).
BBSI
US$38.00
Barrett Business Services
7D
0.7%
1Y
-11.2%
HQI
US$11.23
HireQuest
7D
2.5%
1Y
-13.0%