Robert Half Inc.

NYSE:RHI Stock Report

Market Cap: US$7.2b

Robert Half Valuation

Is RHI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RHI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RHI ($71.32) is trading below our estimate of fair value ($138.35)

Significantly Below Fair Value: RHI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RHI?

Key metric: As RHI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RHI. This is calculated by dividing RHI's market cap by their current earnings.
What is RHI's PE Ratio?
PE Ratio25.4x
EarningsUS$284.61m
Market CapUS$7.24b

Price to Earnings Ratio vs Peers

How does RHI's PE Ratio compare to its peers?

The above table shows the PE ratio for RHI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.5x
TNET TriNet Group
17x2.9%US$4.5b
KFY Korn Ferry
14.1x12.1%US$3.4b
MAN ManpowerGroup
70.1x52.8%US$2.7b
PAYC Paycom Software
24.6x2.4%US$11.6b
RHI Robert Half
25.4x18.3%US$7.2b

Price-To-Earnings vs Peers: RHI is good value based on its Price-To-Earnings Ratio (25.4x) compared to the peer average (37.7x).

Price to Earnings Ratio vs Industry

How does RHI's PE Ratio compare vs other companies in the US Professional Services Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CNDT Conduent
1.6x-104.3%US$705.11m
ALJJ ALJ Regional Holdings
0.7xn/aUS$70.26m
VCIG VCI Global
1.9xn/aUS$17.22m
LICN Lichen China
0.9xn/aUS$6.61m
RHI 25.4xIndustry Avg. 23.8xNo. of Companies10PE01224364860+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RHI is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the US Professional Services industry average (23.8x).

Price to Earnings Ratio vs Fair Ratio

What is RHI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RHI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.4x
Fair PE Ratio29.1x

Price-To-Earnings vs Fair Ratio: RHI is good value based on its Price-To-Earnings Ratio (25.4x) compared to the estimated Fair Price-To-Earnings Ratio (29.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RHI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$71.32
US$68.10
-4.5%
16.4%US$90.00US$53.00n/a10
Dec ’25US$74.61
US$64.70
-13.3%
12.3%US$80.00US$53.00n/a10
Nov ’25US$67.57
US$64.70
-4.2%
12.3%US$80.00US$53.00n/a10
Oct ’25US$66.95
US$65.45
-2.2%
13.9%US$85.00US$55.00n/a10
Sep ’25US$62.67
US$64.05
+2.2%
15.2%US$85.00US$50.00n/a11
Aug ’25US$62.76
US$64.82
+3.3%
16.4%US$85.00US$50.00n/a11
Jul ’25US$63.65
US$70.91
+11.4%
15.7%US$95.00US$55.00n/a11
Jun ’25US$64.23
US$69.91
+8.8%
15.4%US$95.00US$55.00n/a11
May ’25US$69.25
US$69.91
+1.0%
15.4%US$95.00US$55.00n/a11
Apr ’25US$78.18
US$72.55
-7.2%
17.8%US$100.00US$55.00n/a11
Mar ’25US$80.76
US$72.55
-10.2%
17.8%US$100.00US$55.00n/a11
Feb ’25US$79.97
US$72.50
-9.3%
17.1%US$100.00US$55.00n/a12
Jan ’25US$87.92
US$72.00
-18.1%
16.4%US$100.00US$59.00n/a12
Dec ’24US$83.37
US$71.67
-14.0%
16.0%US$100.00US$59.00US$74.6112
Nov ’24US$73.98
US$75.62
+2.2%
16.4%US$100.00US$59.00US$67.5713
Oct ’24US$73.28
US$74.38
+1.5%
16.3%US$100.00US$53.00US$66.9513
Sep ’24US$74.98
US$73.29
-2.3%
17.1%US$100.00US$53.00US$62.6714
Aug ’24US$73.92
US$73.18
-1.0%
17.2%US$100.00US$53.00US$62.7614
Jul ’24US$75.22
US$74.14
-1.4%
17.2%US$100.00US$56.00US$63.6514
Jun ’24US$66.36
US$74.00
+11.5%
17.8%US$100.00US$56.00US$64.2313
May ’24US$73.16
US$73.33
+0.2%
18.4%US$100.00US$56.00US$69.2512
Apr ’24US$80.57
US$75.91
-5.8%
17.2%US$100.00US$60.00US$78.1811
Mar ’24US$80.84
US$75.42
-6.7%
16.7%US$100.00US$60.00US$80.7612
Feb ’24US$85.59
US$74.08
-13.4%
16.0%US$100.00US$60.00US$79.9712
Jan ’24US$73.83
US$74.45
+0.8%
18.9%US$105.00US$55.00US$87.9211
Dec ’23US$78.48
US$74.82
-4.7%
19.0%US$105.00US$55.00US$83.3711

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:48
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Robert Half Inc. is covered by 30 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Randle ReeceAvondale Partners
Mark MarconBaird
Gary BisbeeBarclays