MAN Stock Analysis: ManpowerGroup | NYSE
Staffing & Employment Services | NYSE, USA | Market Cap: 2.034m USD | 12M Return: 36.3% | US56418H1005 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 53.5M
EPS Trend: -91.5%
Qual. Beats: 0
Rev. Trend: 2.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
ManpowerGroup Inc. (NYSE: MAN) is a global provider of workforce solutions and services, operating under three primary brands: Manpower, Experis, and Talent Solutions. The company serves clients across four major regions-the Americas, Southern Europe, Northern Europe, and Asia Pacific/the Middle East-offering a broad range of services including temporary, permanent, and contract recruitment; assessment, training, and workforce consulting; and outsourcing of human resources functions such as large-scale recruiting.
In addition to its core staffing services, ManpowerGroup delivers specialized offerings including IT professional resourcing and project services, recruitment process outsourcing (RPO), and right management services. Its TAPFIN platform provides managed service provider (MSP) solutions for contingent workforce management. The company was founded in 1948 and is headquartered in Milwaukee, Wisconsin, and it trades as a mid-cap stock in the Industrials sector, specifically within the Human Resource & Employment Services sub-industry.
- European staffing demand weakens on slowing economy
- Experis IT segment margins expand amid talent shortages
- Americas revenue growth offsets Southern Europe softness
| Net Income: 120.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 2.85 > 1.0 |
| NWC/Revenue: 1.33% < 20% (prev -0.13%; Δ 1.46% < -1%) |
| CFO/TA 0.02 > 3% & CFO 178.9m > Net Income 120.3m |
| Net Debt (1.61b) to EBITDA (450.1m): 3.57 < 3 |
| Current Ratio: 1.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (48.1m) vs 12m ago 2.56% < -2% |
| Gross Margin: 16.05% > 18% (prev 16.97%; Δ -0.92% > 0.5%) |
| Asset Turnover: 226.5% > 50% (prev 208.9%; Δ 17.66% > 0%) |
| Interest Coverage Ratio: 2.91 > 6 (EBIT TTM 367.5m / Interest Expense TTM 126.1m) |
| A: 0.03 (Total Current Assets 5.06b - Total Current Liabilities 4.81b) / Total Assets 8.26b |
| B: 0.46 (Retained Earnings 3.79b / Total Assets 8.26b) |
| C: 0.04 (EBIT TTM 367.5m / Avg Total Assets 8.35b) |
| D: 0.35 (Book Value of Equity 2.14b / Total Liabilities 6.12b) |
| Altman-Z'' = 2.36 = BBB |
| DSRI: 0.93 (Receivables 4.62b/4.63b, Revenue 18.9b/17.6b) |
| GMI: 1.06 (GM 16.97% / 16.05%) |
| AQI: 1.00 (AQ_t 0.33 / AQ_t-1 0.33) |
| SGI: 1.07 (Revenue 18.9b / 17.6b) |
| TATA: -0.01 (NI 120.3m - CFO 178.9m) / TA 8.26b) |
| Beneish M = -2.98 (Cap -4..+1) = A |
As of October 22, 2026, the stock is trading at USD 44.64 with a total of 1,062,821 shares traded. Over the past week, the price has changed by -14.09%, over one month by -21.06%, over three months by -13.62% and over the past year by +36.28%.
Current recommended Stop Loss: 38.30 (which is 14.2% or 2.4 ATR below the current price).
ManpowerGroup has received a consensus analysts rating of 3.58. Therefore, it is recommended to hold MAN.
- StrongBuy: 3
- Buy: 1
- Hold: 8
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 57.4 | 28.7% |
P/E Trailing = 17.2885
P/E Forward = 11.7647
P/S = 0.1087
P/B = 1.2724
P/EG = 0.943
Revenue TTM = 18.9b USD
EBIT TTM = 367.5m USD
EBITDA TTM = 450.1m USD
Long Term Debt = 1.05b USD (from longTermDebt, last fiscal year)
Short Term Debt = 639.8m USD (from shortTermDebt, last quarter)
Debt = 1.84b USD (from shortLongTermDebtTotal, last quarter) + Leases 376.5m
Net Debt = 1.61b USD (calculated: Debt 1.84b - CCE 233.1m)
Enterprise Value = 3.64b USD (2.03b + Debt 1.84b - CCE 233.1m)
Interest Coverage Ratio = 2.91 (Ebit TTM 367.5m / Interest Expense TTM 126.1m)
EV/FCF = 25.21x (Enterprise Value 3.64b / FCF TTM 144.4m)
FCF Yield = 3.97% (FCF TTM 144.4m / Enterprise Value 3.64b)
FCF Margin = 0.76% (FCF TTM 144.4m / Revenue TTM 18.9b)
Net Margin = 0.64% (Net Income TTM 120.3m / Revenue TTM 18.9b)
Gross Margin = 16.05% ((Revenue TTM 18.9b - Cost of Revenue TTM 15.9b) / Revenue TTM)
Gross Margin QoQ = 15.85% (prev 16.05%)
Tobins Q-Ratio = 0.44 (Enterprise Value 3.64b / Total Assets 8.26b)
Interest Expense / Debt = 6.86% (Interest Expense 126.1m / Debt 1.84b)
Taxrate = 49.85% (33.9m / 68.0m)
NOPAT = 184.3m (EBIT 367.5m * (1 - 49.85%))
Current Ratio = 1.05 (Total Current Assets 5.06b / Total Current Liabilities 4.81b)
Debt / Equity = 0.86 (Debt 1.84b / totalStockholderEquity, last quarter 2.14b)
Debt / EBITDA = 3.57 (Net Debt 1.61b / EBITDA 450.1m)
Debt / FCF = 11.12 (Net Debt 1.61b / FCF TTM 144.4m)
Total Stockholder Equity = 2.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.44% (Net Income 120.3m / Total Assets 8.26b)
RoE = 5.75% (Net Income TTM 120.3m / Total Stockholder Equity 2.09b)
RoCE = 11.69% (EBIT 367.5m / Capital Employed (Equity 2.09b + L.T.Debt 1.05b))
RoIC = 4.77% (NOPAT 184.3m / Invested Capital 3.86b)
WACC = 4.68% (E(2.03b)/V(3.87b) * Re(5.81%) + D(1.84b)/V(3.87b) * Rd(6.86%) * (1-Tc(0.50)))
Discount Rate = 5.81% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -37.58 | Cagr: -0.28%
[DCF] Terminal Value 75.44% ; FCFF base≈144.4m ; Y1≈145.0m ; Y5≈153.6m
[DCF] Fair Price = 16.84 (EV 2.39b - Net Debt 1.61b = Equity 783.1m / Shares 46.5m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -91.46 | EPS CAGR: -22.43% | SUE: 0.0 | # QB: 0
Revenue Correlation: 2.90 | Revenue CAGR: 0.09% | SUE: -0.20 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.77 | Chg30d=+4.62% | Revisions=+12% | Analysts=6
EPS current Year (2026-12-31): EPS=3.65 | Chg30d=+0.74% | Revisions=-42% | GrowthEPS=+22.8% | GrowthRev=+6.7%
EPS next Year (2027-12-31): EPS=4.83 | Chg30d=-0.37% | Revisions=-25% | GrowthEPS=+32.5% | GrowthRev=+3.5%
[Analyst] Revisions Ratio: -28% (up=5, down=10)