# ManpowerGroup (MAN) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Professional Services. Price $61.98, market value $2.9 billion.

## Valuation
- **P/E (trailing): 27.9×** (5-yr avg 20.1×, 3-yr avg 29.2×). ManpowerGroup trades at 27.9× trailing earnings, well above its own five-year average of 20.1×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 12.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 9.9×**. Enterprise value is 9.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 2.4%** (5-yr avg 5.5%). Free cash flow equals 2.4% of the market value, below its five-year average of 5.5%, so the shares are pricier on cash than usual.
- **Earnings yield: 3.6%**. The inverse of the P/E: 3.6% of the price is earned each year.

## Profitability
- **Gross margin: 16.2%**. ManpowerGroup keeps 16.2% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 1.5%**. 1.5% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: -0.1%**. The company reported a net loss over the last twelve months.
- **Return on equity: -0.6%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 7.9%**. Return on all capital, debt included, is 7.9%.
- **Return on assets: 1.1%**. Each dollar of assets produces 1.1% of profit.

## Growth
- **Revenue growth (1 yr): 0.6%** (3-yr -3.2%/yr, 5-yr -0.0%/yr). Revenue grew 0.6% over the last year, against -0.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -109.6%**. Earnings per share fell 109.6%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.81**. Debt is 0.81 times equity, moderate leverage.
- **Net debt / EBITDA: 2.2×**. It would take 2.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Piotroski F-score: 1/9**. 1 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 2.32%** ($1.44 per share, trailing). ManpowerGroup yields 2.32%, a modest yield more typical of a growth-oriented payer.
- **Dividend growth (5 yr): -8.6%/yr** (1-yr -53.2%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: buy** (9 analysts). 9 analysts cover ManpowerGroup; the consensus is buy, with an average price target of $57.33 (-7% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 57.5%** (YTD 113.3%, 3-mo 91.9%). The shares are up 57.5% over twelve months including dividends.
- **From 52-week high: -3.0%** (146.4% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 66**. An RSI of 66 is neutral.
- **Beta (1 yr): 0.13** (volatility 60%). Beta of 0.13 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MAN · Page: https://foliofundamentals.com/stocks/man

Not investment advice.