Stock fact sheet · data as of
ManpowerGroup Inc. (MAN): fair value, margin of safety and Wheel Score
Industrials · Staffing & Employment Services · United States · Defensive
Is MAN undervalued?
MAN has a margin of safety of 44%: the stock closed at 43.74 on 16 Oct 2026 against a GLS average fair value of 77.95. 7 of the 9 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 9 models disagree widely: DDM gives 21.19 while Graham Growth gives 146.72. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files MAN under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for MAN
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 140.28 | +221% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 51.32 | +17% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 146.72 | +235% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 64.13 | +47% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 47.04 | +8% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 117.63 | +169% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 84.72 | +94% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 21.19 | -52% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 28.50 | -35% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -28.16 | -164% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 53.57 | +22% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - MAN passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 2.1 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC -0.3%, ROE -0.6%, ROA -0.1% - with debt at 1.16 times equity and a free-cash-flow yield of 7.1%.
The dividend yield is 3.29% at a payout ratio of 56%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Northern Europe and APME 50%, Southern Europe 24%, Americas 13% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | -0.3% |
|---|---|---|---|
| GLS Moat | 2.1 / 10 | ROE | -0.6% |
| Debt / equity | 1.16 | ROA | -0.1% |
| Free-cash-flow yield | 7.1% | Payout ratio | 56% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 79: Good
MAN scores 79 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 25/25), Piotroski health (13/20), the GLS moat (3/15), the option premium on offer (20/20) and how easily the stock trades (17/20). Moat (3/15) is the part holding the score back.
Implied volatility is 50% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 5,252 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 3.8M shares a day on a market cap of $2.0B, with a beta of 0.67 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 17 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 44% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 3 / 15 | moat 2.1/10 | |
| Premium | 20 / 20 | implied volatility 50% | |
| Stability | 17 / 20 | 3.8M shares/day, $2.0B cap, beta 0.67 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for MAN in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Staffing & Employment Services
The 12 companies below are the closest to ManpowerGroup Inc. by market cap within the Staffing & Employment Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| NSP Insperity, Inc. | 50.80 | 89.37 | +43% | 45Weak | $1.9B |
| TNET TriNet Group, Inc. | 67.06 | 66.73 | -0% | 70Good | $3.1B |
| RHI Robert Half Inc. | 34.98 | 33.82 | -3% | 66Good | $3.6B |
| UPWK Upwork Inc. | 8.43 | 30.40 | +72% | 80Prime | $1.1B |
| KFY Korn Ferry | 73.02 | 98.91 | +26% | 84Prime | $4.0B |
| KFRC Kforce Inc. | 51.72 | 36.93 | -40% | 47Weak | $926M |
| BBSI Barrett Business Services, Inc. | 32.34 | 36.94 | +12% | 68Good | $784M |
| KELYA Kelly Services, Inc. | 15.57 | 51.42 | +70% | 45Weak | $541M |
| KELYB Kelly Services, Inc. | 22.59 | 68.95 | +67% | 39No options | $516M |
| ZIP ZipRecruiter, Inc. | 4.42 | 3.45 | -28% | 37Weak | $363M |
| TBI TrueBlue, Inc. | 8.87 | 2.45 | -262% | 29Weak | $270M |
| HQI HireQuest, Inc. | 17.50 | 8.28 | -111% | 23No options | $243M |
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about MAN
Is MAN undervalued right now?
By the GLS models, yes: at 43.74 the stock is 44% below the average fair value of 77.95 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of MAN and what does it mean?
MAN scores 79 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for MAN?
77.95 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does ManpowerGroup Inc. report earnings next?
No upcoming earnings date is recorded for MAN in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does MAN have listed options, and how liquid are they?
Yes. The nightly snapshot found 178 listed contracts with 5,252 open interest across all expiries and implied volatility of 50% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.