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U.S. HR Services Industry Analysis

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies41
  • 7D-1.9%
  • 3M-21.8%
  • 1Y-34.6%
  • YTDn/a

Over the last 7 days, the HR Services industry has dropped 1.9%, driven by Automatic Data Processing declining 2.0%. On the other hand Insperity is actually up 13%. However, the industry is down 34% 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
Sun, 26 Apr 2026US$144.5bUS$81.0bUS$4.1b18.5x35.6x1.8x
Tue, 24 Mar 2026US$150.8bUS$80.2bUS$4.0b18x37.5x1.9x
Thu, 19 Feb 2026US$154.7bUS$80.1bUS$4.9b20.4x31.9x1.9x
Sat, 17 Jan 2026US$203.5bUS$86.5bUS$5.0b22x40.7x2.4x
Mon, 15 Dec 2025US$209.0bUS$86.2bUS$5.0b20.8x41.7x2.4x
Wed, 12 Nov 2025US$202.3bUS$87.3bUS$5.0b20.5x40.6x2.3x
Fri, 10 Oct 2025US$231.2bUS$86.6bUS$6.3b27.7x36.7x2.7x
Sun, 07 Sep 2025US$243.4bUS$86.9bUS$6.2b29.4x39.3x2.8x
Tue, 05 Aug 2025US$238.1bUS$86.4bUS$7.0b27.7x33.9x2.8x
Thu, 03 Jul 2025US$237.0bUS$79.8bUS$6.7b31x35.3x3x
Sat, 31 May 2025US$248.3bUS$79.7bUS$6.8b32.7x36.4x3.1x
Mon, 28 Apr 2025US$227.7bUS$78.9bUS$6.9b22.3x33.2x2.9x
Wed, 26 Mar 2025US$239.1bUS$80.0bUS$6.7b27.6x35.7x3x
Fri, 21 Feb 2025US$250.0bUS$79.8bUS$6.8b23.1x36.5x3.1x
Sun, 19 Jan 2025US$247.5bUS$85.7bUS$6.7b24.9x37x2.9x
Tue, 17 Dec 2024US$249.5bUS$85.7bUS$6.7b24.6x37.4x2.9x
Thu, 14 Nov 2024US$257.0bUS$85.7bUS$6.6b27.4x38.8x3x
Sat, 12 Oct 2024US$230.1bUS$81.4bUS$6.2b29.4x37x2.8x
Mon, 09 Sep 2024US$216.1bUS$81.4bUS$6.2b22.6x34.8x2.7x
Wed, 07 Aug 2024US$209.8bUS$81.6bUS$6.1b21.8x34.2x2.6x
Fri, 05 Jul 2024US$201.8bUS$86.6bUS$6.6b20.9x30.4x2.3x
Sun, 02 Jun 2024US$208.9bUS$87.6bUS$6.5b21.8x32.3x2.4x
Tue, 30 Apr 2024US$220.9bUS$91.7bUS$6.4b22.9x34.5x2.4x
Thu, 28 Mar 2024US$223.3bUS$87.4bUS$6.3b25x35.3x2.6x
Sat, 24 Feb 2024US$225.6bUS$87.3bUS$6.4b26.9x35.4x2.6x
Mon, 22 Jan 2024US$216.8bUS$87.3bUS$6.4b27x34.1x2.5x
Wed, 20 Dec 2023US$221.1bUS$87.2bUS$6.3b27.5x34.9x2.5x
Fri, 17 Nov 2023US$208.1bUS$87.2bUS$5.8b24.9x35.6x2.4x
Sun, 15 Oct 2023US$229.4bUS$92.1bUS$6.3b19.7x36.4x2.5x
Tue, 12 Sep 2023US$231.7bUS$92.0bUS$6.2b20.7x37.6x2.5x
Thu, 10 Aug 2023US$236.7bUS$92.1bUS$6.2b18.4x38.2x2.6x
Sat, 08 Jul 2023US$219.6bUS$91.8bUS$6.3b15.9x34.9x2.4x
Mon, 05 Jun 2023US$214.6bUS$91.8bUS$6.3b16x34x2.3x
Wed, 03 May 2023US$213.5bUS$91.4bUS$6.2b12.9x34.3x2.3x
Price to Earnings Ratio

34.3x


Total Market Cap: US$213.5bTotal Earnings: US$6.2bTotal Revenue: US$91.4bTotal 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 13% per year over the last three years,
  • Revenues have also declined 4.0% 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 Market0.39%
Industrials-0.51%
Professional Services-3.85%
HR Services-1.90%
Research and Consulting Services-4.89%
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
NSP InsperityUS$32.7713.4%
+US$147.7m		-58.5%PS0.2x
PCTY Paylocity HoldingUS$102.191.4%
+US$76.0m		-46.5%PE23.1x
TNET TriNet GroupUS$40.113.5%
+US$61.8m		-48.1%PE11.9x
ALIT AlightUS$0.7114.8%
+US$47.8m		-86.5%PS0.2x
KFRC KforceUS$32.416.1%
+US$31.7m		-26.2%PE16x

Latest News

UPWK
US$10.63
Upwork
7D
-5.7%
1Y
-21.5%
RHI
US$25.61
Robert Half
7D
-6.7%
1Y
-41.8%
PCTY
US$102.19
Paylocity Holding
7D
1.4%
1Y
-46.5%
TBI
US$4.77
TrueBlue
7D
14.4%
1Y
11.2%
PAYC
US$123.72
Paycom Software
7D
-2.5%
1Y
-45.6%
ALIT
US$0.71
Alight
7D
14.8%
1Y
-86.5%
BGSF
US$6.39
BGSF
7D
6.0%
1Y
87.9%
NSP
US$32.77
Insperity
7D
13.4%
1Y
-58.5%

NSP: Stable Assumptions And HR Partnership Will Support Earnings Recovery

Analysts have kept Insperity's fair value estimate steady at $40.50 while fine tuning inputs such as discount rate, revenue growth, profit margin and future P/E. This has led to a modest upward adjustment in their overall price target rationale rather than a major shift in view.
MAN
US$29.47
ManpowerGroup
7D
-5.3%
1Y
-30.5%
TNET
US$40.11
TriNet Group
7D
3.5%
1Y
-48.1%

TNET: AI HR Expansion And Buybacks Will Support Future Upside

Analysts have trimmed their price targets on TriNet Group, with the fair value estimate shifting from $54.80 to $54.00. Recent research reflects updated views on discount rates, revenue outlook, margin expectations, and a slightly lower future P/E, following recent target cuts of $4 and $22 cited in Street research.
FVRR
US$10.64
Fiverr International
7D
-2.5%
1Y
-60.5%

FVRR: High Value Work Pivot And AI Transition Will Shape 2026

Fiverr International's analyst price target has converged around $16 as analysts factor in softer 2026 guidance, less room for multiple expansion, and the shift toward higher value, complex projects under an AI first marketplace transition. Analyst Commentary Recent research around Fiverr clusters around a cautious stance on the 2026 outlook and the AI first transition, with price targets resetting toward the mid-teens and ratings gravitating around Neutral or equivalent.
ADP
US$196.53
Automatic Data Processing
7D
-2.0%
1Y
-32.6%

Automatic Data Processing Might Be Cheap For A Reason

Apr 17
BZ
US$13.62
Kanzhun
7D
-4.2%
1Y
-5.2%

BZ: Higher Margins And Expanded Buybacks Will Support Further Upside

Analysts have reduced their price target on Kanzhun from $25.47 to $21.58, citing updated views on discount rates, revenue growth, profit margins, and the future P/E multiple. What's in the News Kanzhun increased its equity buyback authorization by $150 million to a total of $400 million and extended the program through August 28, 2027, which can affect share count and liquidity over time (Key Developments).
KFRC
US$32.41
Kforce
7D
6.1%
1Y
-26.2%

KFRC: Rising Payouts And Buybacks Will Support Future Shareholder Returns

Analysts have nudged their price targets for Kforce higher, with recent Street research moves such as Baird's $3 increase, UBS's $4.50 adjustment, and Truist's $3 change. These shifts reflect updated views on discount rates, revenue growth, profit margins, and future P/E assumptions, while leaving a fair value anchor of $40.00 unchanged.
PAYX
US$89.82
Paychex
7D
-2.3%
1Y
-37.3%

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.
HQI
US$11.06
HireQuest
7D
5.9%
1Y
6.3%