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ManpowerGroupMAN +1.17%73 EV-to-OCF is 37.35 as of Aug. 22, 2026, which is 254% above its 10-year median of 10.56. GuruFocus rates MAN with a GF Score™ of 73/100 and a GF Value™ of $62.17 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,089 Business Services companies, ManpowerGroup ranks worse than 91% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, ManpowerGroup's Enterprise Value is $4,097 Mil.
ManpowerGroup's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $110 Mil. Therefore, ManpowerGroup's EV-to-OCF for today is 37.35.
The historical rank and industry rank for ManpowerGroup's EV-to-OCF or its related term are showing as below:
MAN'
s EV-to-OCF Range Over the Past 10 Years
Min: -304.16 Med: 10.56 Max: 88.63
Current: 37.35
During the past 13 years, the highest EV-to-OCF of ManpowerGroup was 88.63. The lowest was -304.16. And the median was 10.56.
MAN's EV-to-OCF is ranked worse than 91% of 1089
companies
in the Business Services industry
Industry Median: 7.02
vs MAN: 37.35
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
ManpowerGroup's PE Ratio (TTM) for today is calculated as:
ManpowerGroup's share price for today is $61.45.
ManpowerGroup's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.200.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
ManpowerGroup EV-to-OCF Related Terms
ManpowerGroup EV-to-OCF Historical Data
* Premium members only.
The historical data trend for ManpowerGroup's EV-to-OCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Staffing & Employment Services subindustry, ManpowerGroup's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ManpowerGroup EV-to-OCF vs Business Services Industry
For the Business Services industry and Industrials sector, ManpowerGroup's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where ManpowerGroup's EV-to-OCF falls into.
ManpowerGroup's current Enterprise Value is $4,097 Mil.
ManpowerGroup's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $110 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ManpowerGroup (MAN) has a EV-to-OCF of 37.35 as of Aug. 22, 2026. This is 254% above median its historical median of 10.56. According to the industry distribution chart, ManpowerGroup ranks #991 out of 1089 companies in the Business Services industry, placing it in the top 91%.
Is ManpowerGroup's EV-to-OCF too high?
ManpowerGroup's current EV-to-OCF of 37.35 is 254% above median its 10-year median of 10.56. The Business Services industry median EV-to-OCF is 7.02. ManpowerGroup's value of 37.35 is 432.1% above this industry median. Based on the distribution chart, ManpowerGroup ranks #991 out of 1089 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, ManpowerGroup has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ManpowerGroup's EV-to-OCF compare to TNET and NSP?
According to the Business Services industry distribution chart, ManpowerGroup ranks #991 out of 1089 companies for EV-to-OCF. This places ManpowerGroup in the lower half of its industry. The industry median EV-to-OCF is 7.02. ManpowerGroup's value of 37.35 is 432.1% above this benchmark. While the company's 10-year median is 10.56 vs. the industry median of 7.02, ManpowerGroup has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Business Services company?
The median EV-to-OCF among Business Services companies is 7.02, based on 1,089 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ManpowerGroup's current EV-to-OCF of 37.35 is 432.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Business Services industry, the median EV-to-OCF is 7.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ManpowerGroup's current EV-to-OCF is 37.35, which is 254% above median its own 10-year median of 10.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ManpowerGroup stock overvalued right now?
Based on GuruFocus' analysis, ManpowerGroup (MAN) is currently considered Fairly Valued. The stock's GF Value™ is $62.17, compared to a current price of $61.45 — trading 1.2% below its estimated fair value. The current EV-to-OCF is 37.35, which is 254% above median its 10-year median of 10.56 and 432.1% above the Business Services industry median of 7.02. ManpowerGroup's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For ManpowerGroup (MAN), the current EV-to-OCF is 37.35 as of Aug. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ManpowerGroup (MAN) Overvalued in 2026?
Based on GuruFocus' analysis, ManpowerGroup stock appears to be undervalued.
The current stock price of $61.45 is trading 1.2% below its estimated GF Value™ of $62.17.
GuruFocus considers ManpowerGroup to be Fairly Valued.
Key valuation signals for MAN:
EV-to-OCF: 37.35 (254% above median its 10-year median of 10.56)
GF Value™: $62.17 vs. price of $61.45 (1.2% below fair value)
Industry Position: 432.1% above the Business Services median (#991 of 1089)
No single metric tells the full story. See the MAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ManpowerGroup Inc provides workforce solutions and services, including recruitment and assessment, upskilling, reskilling, training and development, career management, outsourcing, and workforce consulting. The company leverages its trusted brands, industry knowledge, and AI-enabled assessments and offers an extensive portfolio of training and leadership development solutions. Its reportable segments are Staffing and Interim, Outcome-Based Solutions and Consulting, Permanent Recruitment, and Others, with Staffing and Interim generating the majority of revenue. It operates in the Americas, Southern Europe, Northern Europe, and APME. The company derives the maximum geographical revenue from the Southern European region.
73GF Score
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