ManpowerGroup Inc. (MAN) Stock

ManpowerGroup Inc. (MAN) is a Technology stock trading at $61.42 (as of 2026-08-21), with a market capitalization of $2.86B and a trailing P/E of 37.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

ManpowerGroup Inc. provides workforce solutions across the Americas, Southern Europe, Northern Europe, and parts of Asia Pacific and the Middle East. Its offerings include recruitment (permanent, temporary, and contract), talent assessments, training and development, career management, and HR and staffing outsourcing services for roles and projects, including professional resourcing in areas such as IT, engineering, and finance.

Understand ManpowerGroup Inc.: how it makes money

ManpowerGroup provides recruitment and workforce solutions, including permanent, temporary, and contract hiring, plus assessment, training, career management, and HR outsourcing services, sold under the Manpower and Experis brands across multiple regions.

Because the company earns revenue from recruitment, staffing, and HR outsourcing services sold to employers across regions, its profit model is structurally tied to employer hiring activity and the volume and mix of workforce services it delivers, rather than the sale of a physical product.

Revenue by segment (latest quarter)
Southern Europe	$2.1B
Americas	$1.1B
Northern Europe	$0.8B
APME and Latin America	$0.6B

Business quality (Weak): Clear regional service breakdown, with operating watchpoints centered on employer hiring expectations and cash flow discipline.

Bull case

Broad workforce solutions offering: Services span permanent, temporary, and contract recruitment, plus assessment, training and development, career management, and HR outsourcing.
Multiple geographic service platforms: Revenue is reported across Southern Europe, the Americas, Northern Europe, and Asia Pacific, Middle East, and Latin America, which can help diversify regional conditions.
Operational signals from employer sentiment: The company tracks an employer survey on expectations to return to pre-pandemic hiring levels, which can indicate near-term demand direction.

Bear case

Hiring-led demand sensitivity: Because the business is built around recruitment and workforce-intensive services, slower employer hiring activity can reduce service volumes and pricing power.
Working capital risk: Days Sales Outstanding is an operating metric to watch, since collections timing can affect cash flow if it worsens.
Regional swings: Large reported contributions from Southern Europe and the Americas mean performance can be impacted by country or region-specific labor market changes.

Valuation — source: SEC EDGAR (first-party)
Price	$61.42
Market Cap	$2.86B
P/E Ratio	37.3
EV / EBITDA	8.2
Price / Book	1.36
Price / Sales	0.15
FCF Yield	-26.0%
DCF Value (model)	$40.48
DCF Upside vs Price	-34.1%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$17.96B
Net Margin	-0.1%
Revenue Growth (YoY)	0.6%
EPS Growth (YoY)	-109.5%
FCF Growth (YoY)	-162.5%

Financial Health — source: SEC EDGAR
Altman Z-Score	2.90 (grey)
Piotroski F-Score	1/9 (weak)

Valuation vs Sector & Industry
Stock P/E	37.3
Sector P/E (Technology)	33.9
Industry P/E (Business Services)	29.9
vs Sector	10.3%
vs Industry	25.0%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock Fund Advisors ($238.07M)
Institutional Holders Tracked	10
Congressional Trades (recent)	2

Company
Sector	Technology
Industry	Business Services
CEO	Jonas Prising
Employees	26,700
Country	US
IPO Date	1988-10-05

Related Companies (Business model: IT Services / Consulting and Managed Services; 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.