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U.S. HR Services Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies46
  • 7D-0.06%
  • 3M-16.1%
  • 1Y-18.9%
  • YTDn/a

Last week, the HR Services industry hasn't moved much but Paylocity Holding is up 4.0% in that time. As for the longer term, the industry has declined 19% 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
Tue, 18 Nov 2025US$203.0bUS$87.3bUS$5.0b19.9x40.8x2.3x
Thu, 16 Oct 2025US$227.7bUS$86.6bUS$6.3b27.6x36.2x2.6x
Sat, 13 Sep 2025US$241.1bUS$86.4bUS$6.3b29.2x38.1x2.8x
Mon, 11 Aug 2025US$241.3bUS$86.7bUS$6.1b28.9x39.3x2.8x
Wed, 09 Jul 2025US$235.7bUS$79.8bUS$6.7b31.2x35.1x3x
Fri, 06 Jun 2025US$250.9bUS$79.7bUS$6.8b33x36.8x3.1x
Sun, 04 May 2025US$234.5bUS$79.3bUS$6.9b23.7x34x3x
Tue, 01 Apr 2025US$240.6bUS$80.1bUS$6.7b28x35.8x3x
Thu, 27 Feb 2025US$249.4bUS$79.8bUS$6.8b24.2x36.4x3.1x
Sat, 25 Jan 2025US$247.1bUS$85.8bUS$6.7b24.5x36.9x2.9x
Mon, 23 Dec 2024US$243.6bUS$85.7bUS$6.7b23.8x36.4x2.8x
Wed, 20 Nov 2024US$246.8bUS$85.7bUS$6.6b25.4x37.4x2.9x
Fri, 18 Oct 2024US$234.6bUS$81.2bUS$6.2b28.6x37.8x2.9x
Sun, 15 Sep 2024US$224.6bUS$81.4bUS$6.2b25.7x36.2x2.8x
Tue, 13 Aug 2024US$210.8bUS$81.4bUS$6.2b21.4x33.9x2.6x
Thu, 11 Jul 2024US$199.3bUS$86.6bUS$6.6b20x30.4x2.3x
Sat, 08 Jun 2024US$210.7bUS$87.6bUS$6.5b21.3x32.6x2.4x
Mon, 06 May 2024US$214.7bUS$87.9bUS$6.5b23.3x33.2x2.4x
Wed, 03 Apr 2024US$221.3bUS$87.5bUS$6.4b23.6x34.8x2.5x
Fri, 01 Mar 2024US$223.1bUS$87.3bUS$6.4b26.9x35x2.6x
Sun, 28 Jan 2024US$216.8bUS$87.3bUS$6.4b26.7x33.7x2.5x
Tue, 26 Dec 2023US$216.1bUS$87.3bUS$6.4b27x33.9x2.5x
Thu, 23 Nov 2023US$211.1bUS$87.2bUS$5.8b25.2x36.1x2.4x
Sat, 21 Oct 2023US$223.6bUS$92.0bUS$6.2b19.7x36x2.4x
Mon, 18 Sep 2023US$224.6bUS$88.7bUS$6.5b20.8x34.6x2.5x
Wed, 16 Aug 2023US$236.7bUS$92.0bUS$6.2b20.2x38.2x2.6x
Fri, 14 Jul 2023US$231.7bUS$91.8bUS$6.3b16.2x36.8x2.5x
Sun, 11 Jun 2023US$216.6bUS$91.8bUS$6.3b16.6x34.4x2.4x
Tue, 09 May 2023US$207.4bUS$91.7bUS$6.3b13.7x32.7x2.3x
Thu, 06 Apr 2023US$172.4bUS$87.4bUS$6.0b12.5x28.6x2x
Sat, 04 Mar 2023US$49.1bUS$65.3bUS$1.4b13.7x34.2x0.8x
Mon, 30 Jan 2023US$47.1bUS$64.0bUS$1.9b13.1x24.7x0.7x
Wed, 28 Dec 2022US$43.3bUS$64.0bUS$2.1b11.9x21.1x0.7x
Fri, 25 Nov 2022US$46.7bUS$63.7bUS$2.7b11.9x17x0.7x
Price to Earnings Ratio

17x


Total Market Cap: US$46.7bTotal Earnings: US$2.7bTotal Revenue: US$63.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. HR Services Industry Price to Earnings3Y Average 34.1x202320242025
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 40.8x which is higher than its 3-year average PE of 34.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have grown 22% 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-0.39%
Industrials-1.57%
Professional Services-0.67%
HR Services-0.062%
Research and Consulting Services-1.69%
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
PCTY Paylocity HoldingUS$145.322.1%
+US$164.2m		-25.7%PE35x
DAY DayforceUS$68.830.3%
+US$36.8m		-7.8%PS5.8x
RHI Robert HalfUS$26.151.1%
+US$29.0m		-64.3%PE16.8x
MAN ManpowerGroupUS$28.011.3%
+US$17.1m		-55.0%PS0.07x
TNET TriNet GroupUS$54.780.5%
+US$12.5m		-37.7%PE19.8x

Latest News

BZ
US$20.52
Kanzhun
7D
-2.9%
1Y
48.9%

BZ: Expanded Buyback Program Will Likely Drive Positive Share Momentum

Analysts have raised their price target for Kanzhun slightly, increasing it from $24.99 to $25.03. The adjustment is attributed to stable growth metrics and a modest change in the discount rate.
ADP
US$250.90
Automatic Data Processing
7D
-1.2%
1Y
-15.8%

Automatic Data Processing (NASDAQ:ADP) Will Pay A Larger Dividend Than Last Year At $1.70

Nov 15
Automatic Data Processing (NASDAQ:ADP) Will Pay A Larger Dividend Than Last Year At $1.70
MAN
US$28.01
ManpowerGroup
7D
1.3%
1Y
-55.0%

ManpowerGroup (NYSE:MAN) Will Pay A Dividend Of $0.72

Nov 14
ManpowerGroup (NYSE:MAN) Will Pay A Dividend Of $0.72
PCTY
US$145.32
Paylocity Holding
7D
2.1%
1Y
-25.7%

PCTY: Beat-And-Raise Cadence And Share Buybacks Will Drive Renewed Outperformance

Analysts have revised their price target for Paylocity Holding downward by approximately $20 to $194. This adjustment reflects tempered growth expectations and recent market commentary that highlights both near-term sector headwinds and the company's continued potential for long-term outperformance.
FVRR
US$20.42
Fiverr International
7D
-6.5%
1Y
-31.5%

Fiverr's AI-powered tools will drive significant revenue growth

Bejgal has decreased revenue growth from 9.2% to 5.2%, increased profit margin from 21.9% to 25.9%, decreased future PE multiple from 20.0x to 15.0x and decreased shares outstanding growth rate from 0.1% to 0.0%.
RHI
US$26.15
Robert Half
7D
1.1%
1Y
-64.3%

RHI: Sequential Weekly Contract Talent Revenue Gains Will Support Positive Momentum

Analysts have modestly trimmed their average price target for Robert Half, now reducing fair value by $0.22 to $35.11. This adjustment is attributed to management’s conservative outlook and mixed revenue trends following recent earnings reports.
PAYC
US$164.09
Paycom Software
7D
-1.6%
1Y
-25.0%

PAYC: Sector Momentum and Single-Database Architecture Will Drive Medium-Term Upside

Paycom Software's analyst-derived fair value estimate has been reduced from $242.75 to $209.94. Analysts attribute the adjustment to tempered subscription-revenue growth expectations, evolving management guidance, and a less robust employment market outlook.
BGSF
US$3.90
BGSF
7D
2.4%
1Y
-32.6%
BBSI
US$35.03
Barrett Business Services
7D
0.5%
1Y
-15.4%

Barrett Business Services (NASDAQ:BBSI) Is Due To Pay A Dividend Of $0.08

Nov 09
Barrett Business Services (NASDAQ:BBSI) Is Due To Pay A Dividend Of $0.08
TNET
US$54.78
TriNet Group
7D
0.5%
1Y
-37.7%

There May Be Some Bright Spots In TriNet Group's (NYSE:TNET) Earnings

Nov 08
There May Be Some Bright Spots In TriNet Group's (NYSE:TNET) Earnings
ALIT
US$2.14
Alight
7D
-5.7%
1Y
-72.1%

Alight's (NYSE:ALIT) Dividend Will Be $0.04

Nov 08
Alight's (NYSE:ALIT) Dividend Will Be $0.04
FA
US$12.50
First Advantage
7D
-5.2%
1Y
-27.8%

FA: Improved Margins And Synergies Will Drive Renewed Upside Momentum

Analysts have lowered their price target for First Advantage from $19.14 to $17.86. This reflects moderated expectations for revenue growth and a higher discount rate, even as improved profit margins provide some offset.
PAYX
US$110.48
Paychex
7D
-0.9%
1Y
-22.1%

PAYX: Acquisition Will Drive Broader Solution Suite And Support Margins Going Forward

The analyst price target for Paychex has shifted slightly lower, down by $0.52 to $134.71. Analysts see a stable but cautious outlook due to ongoing macroeconomic concerns and modest revenue growth expectations.
UPWK
US$16.19
Upwork
7D
-8.0%
1Y
7.1%

UPWK: AI Momentum And Enterprise Platform Expansion Will Drive Business Growth

Upwork's fair value estimate increased from $19.90 to $21.40 per share. Analysts cited improving growth prospects and recent positive earnings momentum as key drivers for the upward revision.
DAY
US$68.83
Dayforce
7D
0.3%
1Y
-7.8%
JOB
US$0.19
GEE Group
7D
1.8%
1Y
-21.9%