Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ManpowerGroupFRA:MPW -2.78%76 EV-to-FCF is 55.79 as of Jul. 26, 2026, which is 383% above its 10-year median of 11.55. GuruFocus rates FRA:MPW with a GF Score™ of 76/100 and a GF Value™ of €58.59 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 720 Business Services companies, ManpowerGroup ranks worse than 88.47% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, ManpowerGroup's Enterprise Value is €3,188 Mil.
ManpowerGroup's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was €57 Mil. Therefore, ManpowerGroup's EV-to-FCF for today is 55.79.
The historical rank and industry rank for ManpowerGroup's EV-to-FCF or its related term are showing as below:
FRA:MPW'
s EV-to-FCF Range Over the Past 10 Years
Min: -272.71 Med: 11.55 Max: 87.1
Current: 52.64
During the past 13 years, the highest EV-to-FCF of ManpowerGroup was 87.10. The lowest was -272.71. And the median was 11.55.
FRA:MPW's EV-to-FCF is ranked worse than 88.47% of 720
companies
in the Business Services industry
Industry Median: 12.85
vs FRA:MPW: 52.64
EV-to-FCF 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-FCF 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 €43.35.
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 €1.895.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
ManpowerGroup EV-to-FCF Related Terms
ManpowerGroup EV-to-FCF Historical Data
* Premium members only.
The historical data trend for ManpowerGroup's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Business Services Industry
For the Business Services industry and Industrials sector, ManpowerGroup's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where ManpowerGroup's EV-to-FCF falls into.
ManpowerGroup's current Enterprise Value is €3,188 Mil.
ManpowerGroup's Free Cash Flow 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 €57 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 (FRA:MPW) has a EV-to-FCF of 55.79 as of Jul. 26, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on ManpowerGroup and its competitors. This is 383% above median its historical median of 11.55. According to the industry distribution chart, ManpowerGroup ranks #637 out of 720 companies in the Business Services industry, placing it in the top 88.5%.
Is ManpowerGroup's EV-to-FCF too high?
ManpowerGroup's current EV-to-FCF of 55.79 is 383% above median its 10-year median of 11.55. The Business Services industry median EV-to-FCF is 12.85. ManpowerGroup's value of 55.79 is 334.2% above this industry median. Based on the distribution chart, ManpowerGroup ranks #637 out of 720 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, ManpowerGroup has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ManpowerGroup's EV-to-FCF compare to NSP and TNET?
According to the Business Services industry distribution chart, ManpowerGroup ranks #637 out of 720 companies for EV-to-FCF. This places ManpowerGroup in the lower half of its industry. The industry median EV-to-FCF is 12.85. ManpowerGroup's value of 55.79 is 334.2% above this benchmark. While the company's 10-year median is 11.55 vs. the industry median of 12.85, 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-FCF for a Business Services company?
The median EV-to-FCF among Business Services companies is 12.85, based on 720 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ManpowerGroup's current EV-to-FCF of 55.79 is 334.2% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on ManpowerGroup and its competitors. For the Business Services industry, the median EV-to-FCF is 12.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ManpowerGroup's current EV-to-FCF is 55.79, which is 383% above median its own 10-year median of 11.55. 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 (FRA:MPW) is currently considered Modestly Undervalued. The stock's GF Value™ is €58.59, compared to a current price of €43.35 — trading 26% below its estimated fair value. The current EV-to-FCF is 55.79, which is 383% above median its 10-year median of 11.55 and 334.2% above the Business Services industry median of 12.85. ManpowerGroup's overall GF Score™ is 76/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For ManpowerGroup (FRA:MPW), the current EV-to-FCF is 55.79 as of Jul. 26, 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 (FRA:MPW) Overvalued in 2026?
Based on GuruFocus' analysis, ManpowerGroup stock appears to be undervalued.
The current stock price of €43.35 is trading 26% below its estimated GF Value™ of €58.59.
GuruFocus considers ManpowerGroup to be Modestly Undervalued.
Key valuation signals for FRA:MPW:
EV-to-FCF: 55.79 (383% above median its 10-year median of 11.55)
GF Value™: €58.59 vs. price of €43.35 (26% below fair value)
Industry Position: 334.2% above the Business Services median (#637 of 720)
No single metric tells the full story. See the FRA:MPW 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.
76GF Score
Get the complete analysis for FRA:MPW
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:MPW has been successfully added to your 
