ManpowerGroup
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
6.694.92
Price/Sales ratio
0.120.11
Earnings per Share (EPS)
$6.31$8.59

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
12.6715.4414.0415.517.5112.48219.7613.8711.6244.5671.447.51
Price/Sales ratio
0.260.330.310.400.190.270.290.250.210.200.140.27
Price/Book Value ratio
1.842.462.633.041.592.122.142.101.771.781.252.12
Price/Cash Flow ratio
17.6912.6510.3821.108.667.145.588.2210.2611.3615.528.66
Price/Free Cash Flow ratio
21.2714.0911.4724.4410.007.635.909.1312.4914.6523.8810.00
Price/Earnings Growth ratio
0.2710.380.880.541.24-1.26-2.320.005.82-0.5921.031.24
Dividend Yield
1.42%1.86%1.90%1.46%3.04%2.22%2.46%2.57%3.22%3.64%5.38%3.04%
Profitability Indicator Ratios
Gross Profit Margin
16.80%17.05%16.96%16.56%16.27%16.17%15.69%16.44%18.01%17.75%17.37%16.27%
Operating Profit Margin
3.46%3.56%3.82%3.74%3.62%3.09%1.45%2.82%2.93%1.35%2.06%3.09%
Pretax Profit Margin
3.28%3.41%3.56%3.50%3.43%3.28%0.82%2.74%2.80%1.08%0.85%3.28%
Net Profit Margin
2.05%2.16%2.25%2.59%2.53%2.23%0.13%1.84%1.88%0.46%0.21%2.23%
Effective Tax Rate
37.26%36.55%36.73%26.02%26.23%32.06%83.88%32.68%32.90%56.87%75.27%26.23%
Return on Assets
5.95%5.57%5.85%6.13%6.53%5.04%0.25%3.89%4.09%1.00%0.44%5.04%
Return On Equity
14.52%15.97%18.78%19.65%21.20%16.97%0.97%15.16%15.27%3.99%1.74%16.97%
Return on Capital Employed
18.90%16.94%19.17%19.35%18.34%13.48%5.63%14.46%13.82%6.34%9.43%13.48%
Liquidity Ratios
Current Ratio
1.491.471.401.281.431.461.42N/AN/AN/A1.141.46
Quick Ratio
1.491.471.401.281.431.461.421.111.201.161.141.46
Cash ratio
0.200.210.160.140.140.230.330.140.120.120.090.23
Days of Sales Outstanding
72.6880.1181.9593.1987.5792.2599.6095.9594.5793.2092.6987.57
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
72.6880.1181.9593.1987.5792.2599.6095.9594.5793.2092.6987.57
Days of Payables Outstanding
32.5937.7742.8147.4044.9351.6560.7864.0563.5763.8863.9044.93
Cash Conversion Cycle
40.0842.3439.1445.7842.6340.5938.8231.8930.9929.3128.7940.59
Debt Ratios
Debt Ratio
0.060.110.100.100.120.110.120.110.100.110.120.12
Debt Equity Ratio
0.150.320.340.340.400.390.460.440.400.450.470.40
Long-term Debt to Capitalization
0.120.230.240.140.280.260.310.180.280.300.310.28
Total Debt to Capitalization
0.130.240.250.250.290.280.310.300.280.310.320.29
Interest Coverage Ratio
20.0519.1319.8120.6316.9515.965.87N/AN/AN/A4.2815.96
Cash Flow to Debt Ratio
0.650.590.720.420.440.750.830.570.420.340.170.75
Company Equity Multiplier
2.442.863.203.203.243.363.823.893.733.973.893.24
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.010.020.030.010.020.030.050.030.020.010.000.03
Free Cash Flow / Operating Cash Flow Ratio
0.830.890.900.860.860.930.940.900.820.770.640.93
Cash Flow Coverage Ratio
0.650.590.720.420.440.750.830.570.420.340.170.75
Short Term Coverage Ratio
6.7711.5715.070.859.6413.3545.901.1615.9128.777.0613.35
Dividend Payout Ratio
18.07%28.86%26.68%22.68%22.86%27.76%542.43%35.72%37.42%162.5%379.78%22.86%