Is ManpowerGroup, Inc. overvalued or undervalued?

As of 14 April 2025, the valuation grade for ManpowerGroup, Inc. has moved from fair to very attractive, indicating a significant improvement in its perceived value. The company appears to be undervalued, especially when considering its P/E ratio of 33 compared to its peer Robert Half, Inc., which has a P/E ratio of 21.01. Additionally, ManpowerGroup's EV to EBITDA stands at 12.36, which is competitive against the industry average, further supporting its attractive valuation.
In terms of performance metrics, the company boasts a dividend yield of 171.99% and a return on capital employed (ROCE) of 11.72%. Despite recent stock performance lagging behind the S&P 500, with a year-to-date return of -32.81% compared to the index's 2.44%, the underlying financial ratios suggest that ManpowerGroup is positioned well relative to its peers, reinforcing the conclusion that it is currently undervalued in the market.