A

Adecco Group AG
SIX:ADEN

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Adecco Group AG
SIX:ADEN
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Price: 21.68 CHF -0.28% Market Closed
Market Cap: 3.7B CHF

Relative Value

The Relative Value of one ADEN stock under the Base Case scenario is 61.01 CHF. Compared to the current market price of 21.68 CHF, Adecco Group AG is Undervalued by 64%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ADEN Relative Value
Base Case
61.01 CHF
Undervaluation 64%
Relative Value
Price
A
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
86
Median 3Y
0.2
Median 5Y
0.3
Industry
1.3
Forward
0.2
vs History
66
vs Industry
39
Median 3Y
15.4
Median 5Y
15.6
Industry
18.7
Forward
9.1
vs History
96
vs Industry
60
Median 3Y
9.4
Median 5Y
9.4
Industry
12.5
vs History
42
vs Industry
41
Median 3Y
11.3
Median 5Y
10.2
Industry
17
vs History
96
vs Industry
66
Median 3Y
1.4
Median 5Y
1.6
Industry
2.3
vs History
93
vs Industry
78
Median 3Y
0.3
Median 5Y
0.3
Industry
1.3
Forward
0.3
vs History
92
vs Industry
63
Median 3Y
1.6
Median 5Y
1.6
Industry
3.1
vs History
68
vs Industry
43
Median 3Y
7.8
Median 5Y
7.7
Industry
9.8
Forward
6.6
vs History
49
vs Industry
39
Median 3Y
10.6
Median 5Y
10.5
Industry
12.9
Forward
8.6
vs History
79
vs Industry
44
Median 3Y
13.5
Median 5Y
11.8
Industry
11.8
vs History
77
vs Industry
39
Median 3Y
20.2
Median 5Y
15.1
Industry
13.9
vs History
96
vs Industry
65
Median 3Y
1
Median 5Y
1
Industry
1.7

Multiples Across Competitors

ADEN Competitors Multiples
Adecco Group AG Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CH
Adecco Group AG
SIX:ADEN
3.6B CHF 0.2 12.7 7.4 10.5
JP
Recruit Holdings Co Ltd
TSE:6098
11.3T JPY 3.2 30 18.3 22.7
US
Robert Half Inc
SWB:RHJ
6.4B EUR 1.3 35.6 23.1 28.3
NL
Randstad NV
AEX:RAND
6.2B EUR 0.3 49.3 8.9 19
US
Robert Half International Inc
NYSE:RHI
4.5B USD 0.8 21.9 13.5 16.5
CN
51job Inc
F:IWQ
3.9B EUR 7.3 50.1 40.4 41.1
US
TriNet Group Inc
NYSE:TNET
3.8B USD 0.8 22.1 10.8 13.2
JP
Persol Holdings Co Ltd
TSE:2181
555.3B JPY 0.4 15.5 5.6 8.8
US
Korn Ferry
NYSE:KFY
3.2B USD 1.2 13.1 6.7 8.2
US
Insperity Inc
NYSE:NSP
2.9B USD 0.4 32.3 14 19.3
US
Alight Inc
NYSE:ALIT
2.8B USD 1.2 -18.1 10.1 82.5
P/E Multiple
Earnings Growth PEG
CH
A
Adecco Group AG
SIX:ADEN
Average P/E: 28.3
12.7
24%
0.5
JP
Recruit Holdings Co Ltd
TSE:6098
30
17%
1.8
US
R
Robert Half Inc
SWB:RHJ
35.6
26%
1.4
NL
R
Randstad NV
AEX:RAND
49.3
87%
0.6
US
Robert Half International Inc
NYSE:RHI
21.9
26%
0.8
CN
5
51job Inc
F:IWQ
50.1
N/A N/A
US
TriNet Group Inc
NYSE:TNET
22.1
18%
1.2
JP
P
Persol Holdings Co Ltd
TSE:2181
15.5
18%
0.9
US
Korn Ferry
NYSE:KFY
13.1
24%
0.5
US
Insperity Inc
NYSE:NSP
32.3
24%
1.3
US
Alight Inc
NYSE:ALIT
Negative Multiple: -18.1 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CH
A
Adecco Group AG
SIX:ADEN
Average EV/EBITDA: 14.4
7.4
11%
0.7
JP
Recruit Holdings Co Ltd
TSE:6098
18.3
12%
1.5
US
R
Robert Half Inc
SWB:RHJ
23.1
37%
0.6
NL
R
Randstad NV
AEX:RAND
8.9
10%
0.9
US
Robert Half International Inc
NYSE:RHI
13.5
37%
0.4
CN
5
51job Inc
F:IWQ
40.4
N/A N/A
US
TriNet Group Inc
NYSE:TNET
10.8
6%
1.8
JP
P
Persol Holdings Co Ltd
TSE:2181
5.6
7%
0.8
US
Korn Ferry
NYSE:KFY
6.7
13%
0.5
US
Insperity Inc
NYSE:NSP
14
29%
0.5
US
Alight Inc
NYSE:ALIT
10.1
18%
0.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CH
A
Adecco Group AG
SIX:ADEN
Average EV/EBIT: 24.6
10.5
15%
0.7
JP
Recruit Holdings Co Ltd
TSE:6098
22.7
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
28.3
42%
0.7
NL
R
Randstad NV
AEX:RAND
19
21%
0.9
US
Robert Half International Inc
NYSE:RHI
16.5
42%
0.4
CN
5
51job Inc
F:IWQ
41.1
N/A N/A
US
TriNet Group Inc
NYSE:TNET
13.2
5%
2.6
JP
P
Persol Holdings Co Ltd
TSE:2181
8.8
N/A N/A
US
Korn Ferry
NYSE:KFY
8.2
16%
0.5
US
Insperity Inc
NYSE:NSP
19.3
36%
0.5
US
Alight Inc
NYSE:ALIT
82.5
36%
2.3