Is ManpowerGroup, Inc. overvalued or undervalued?

As of 17 July 2025, the valuation grade for ManpowerGroup, Inc. has moved from fair to risky, indicating a shift in perception regarding its investment potential. The company appears overvalued, particularly when considering its P/E ratio of 33, which is significantly higher than peers like Korn Ferry at 21.30 and Robert Half, Inc. at 20.53. Additionally, the EV to EBITDA ratio stands at 12.36, while competitors such as Korn Ferry and Robert Half have lower ratios of 10.49 and 13.23, respectively, further supporting the overvaluation assessment.
The company's recent performance has been disappointing, with a year-to-date return of -34.04%, which starkly contrasts with the S&P 500's gain of 12.22% over the same period. This trend continues over longer time frames, with a 1-year return of -48.20% compared to the S&P 500's 17.14%. Overall, the combination of high valuation ratios and poor stock performance suggests that ManpowerGroup, Inc. is currently overvalued.