Is Barrett Business Services, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Barrett Business Services, Inc. moved from expensive to very attractive, indicating a shift towards a more favorable assessment. The company appears undervalued given its P/E ratio of 21, which is slightly higher than peers like Korn Ferry at 21.30 and Robert Half, Inc. at 20.53, but it has a significantly lower EV to EBITDA ratio of 12.28 compared to the industry average. Additionally, the high dividend yield of 19.84% further supports the attractiveness of the stock.
In terms of peer comparison, Barrett Business Services, Inc. has a P/E ratio of 21, while Korn Ferry and Robert Half, Inc. are at 21.30 and 20.53, respectively. The company’s EV to Sales ratio of 0.73 also suggests a more favorable valuation compared to peers. Despite the recent stock performance, where Barrett Business Services has underperformed against the S&P 500 with a YTD return of -4.19% compared to 13.30%, the overall valuation metrics indicate that the stock is positioned attractively for potential investors.