Kelly Services
Financial ratios & Valuation

Forward Multiples (2025 – 2025)

2025
Price/Earnings ratio
5.06
Price/Sales ratio
0.12
Earnings per Share (EPS)
$2.81

Historical Multiples (2012 – 2023)

2012 2013 2014 2016 2017 2017 2018 2019 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
12.3315.8627.1510.987.1214.5834.697.754.4921.3211.017.12
Price/Sales ratio
0.110.170.110.100.160.190.140.160.140.160.100.19
Price/Book Value ratio
0.831.130.770.660.860.900.680.680.520.610.360.90
Price/Cash Flow ratio
10.118.10-9.1925.1522.9814.8512.948.538.2610.118.5014.85
Price/Free Cash Flow ratio
15.609.80-7.0189.5734.5122.0322.1910.609.5112.6410.8622.03
Price/Earnings Growth ratio
0.740.95-0.440.080.05-0.35-0.510.02-0.01-0.131.810.05
Dividend Yield
1.23%0.81%1.18%1.30%1.22%1.11%1.48%1.36%0.56%1.41%2.27%1.22%
Profitability Indicator Ratios
Gross Profit Margin
16.44%16.43%16.33%16.67%17.17%17.75%17.63%18.08%18.72%19.88%19.60%17.17%
Operating Profit Margin
1.32%0.98%0.39%1.20%1.23%1.54%1.58%1.52%0.98%0.50%1.23%1.23%
Pretax Profit Margin
1.26%0.90%0.29%1.13%2.87%1.52%-0.17%2.17%3.78%0.51%0.88%1.52%
Net Profit Margin
0.91%1.08%0.42%0.97%2.32%1.33%0.41%2.09%3.17%0.75%0.97%1.33%
Effective Tax Rate
27.76%-20.69%-42.77%13.91%19.80%15.66%288.29%0.34%18.89%-46.18%-10.36%15.66%
Return on Assets
3.06%3.27%1.23%2.77%6.04%3.01%0.98%4.53%5.39%1.41%1.58%3.01%
Return On Equity
6.76%7.16%2.84%6.00%12.09%6.21%1.97%8.88%11.68%2.90%3.34%6.21%
Return on Capital Employed
7.91%5.14%2.07%5.93%5.16%5.73%6.16%5.12%2.70%1.55%2.91%5.73%
Liquidity Ratios
Current Ratio
1.651.621.49N/AN/A1.491.561.58N/AN/A1.611.61
Quick Ratio
1.501.501.451.501.571.491.561.561.451.591.611.57
Cash ratio
0.100.160.090.050.030.030.030.020.100.120.030.03
Days of Sales Outstanding
67.8968.9873.6775.3478.7387.3885.6187.38105.8087.60104.2178.73
Days of Inventory outstanding
N/A2.862.69N/AN/AN/AN/A1.76N/AN/AN/AN/A
Operating Cycle
67.8971.8576.3775.3478.7387.3885.6189.14105.8087.60104.2178.73
Days of Payables Outstanding
23.6927.6228.5432.1938.0044.3943.4441.8962.8560.8662.7738.00
Cash Conversion Cycle
44.2044.2247.8243.1540.7242.9842.1647.2542.9426.7341.4440.72
Debt Ratios
Debt Ratio
0.540.010.040.02N/A0.000.000.00N/AN/A0.080.08
Debt Equity Ratio
1.200.030.110.06N/A0.000.000.00N/AN/A0.170.17
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.15N/A
Total Debt to Capitalization
N/A0.030.090.05N/A0.000.000.00N/AN/A0.150.15
Interest Coverage Ratio
21.2619.037.3N/AN/A30.8528.1919.47N/AN/A6.8230.85
Cash Flow to Debt Ratio
N/A4.07-0.760.42N/A6.8927.9053.78N/AN/A0.246.89
Company Equity Multiplier
2.202.182.302.162.002.061.991.962.162.052.092.00
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.010.02-0.010.000.000.010.010.010.010.010.010.00
Free Cash Flow / Operating Cash Flow Ratio
0.640.821.310.280.660.670.580.800.860.800.780.66
Cash Flow Coverage Ratio
N/A4.07-0.760.42N/A6.8927.9053.78N/AN/A0.246.89
Short Term Coverage Ratio
0.954.07-0.760.42N/A6.8927.9053.78N/AN/A276276
Dividend Payout Ratio
15.16%12.90%32.06%14.31%8.72%16.20%51.52%10.58%2.56%30.21%25.58%8.72%