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ManpowerGroupFRA:MPW -2.78%76 Gross Margin % is 16.05% as of Jun. 2026, which is 3% below its 10-year median of 16.63. 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 1,007 Business Services companies, ManpowerGroup ranks worse than 83.12% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
ManpowerGroup had a gross margin of 16.05% for the quarter that ended in Jun. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
ManpowerGroup Gross Margin % Related Terms
ManpowerGroup Gross Margin % Historical Data
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The historical data trend for ManpowerGroup's Gross Margin % 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.
FRA:MPW vs NSP, TNET, BBSI: Gross Margin % Comparison
For the Staffing & Employment Services subindustry, ManpowerGroup's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, ManpowerGroup's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ManpowerGroup's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
ManpowerGroup (FRA:MPW) has a Gross Margin % of 16.05% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on ManpowerGroup and its competitors. This is near median its historical median of 16.63. Over the past decade, ManpowerGroup's Gross Margin % has ranged from 15.69 to 18.02. According to the industry distribution chart, ManpowerGroup ranks #837 out of 1007 companies in the Business Services industry, placing it in the top 83.1%.
Is ManpowerGroup's Gross Margin % too high?
ManpowerGroup's current Gross Margin % of 16.05% is near median its 10-year median of 16.63. Over the past 10 years, this metric has ranged from a low of 15.69 to a high of 18.02. The Business Services industry median Gross Margin % is 34.53. ManpowerGroup's value of 16.05% is 53.5% below this industry median. Based on the distribution chart, ManpowerGroup ranks #837 out of 1007 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 Gross Margin % compare to NSP and TNET?
According to the Business Services industry distribution chart, ManpowerGroup ranks #837 out of 1007 companies for Gross Margin %. This places ManpowerGroup in the lower half of its industry. The industry median Gross Margin % is 34.53. ManpowerGroup's value of 16.05% is 53.5% below this benchmark. Historically, ManpowerGroup's own Gross Margin % has ranged from 15.69 to 18.02 over the past decade. While the company's 10-year median is 16.63 vs. the industry median of 34.53, ManpowerGroup has consistently been below 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 Gross Margin % for a Business Services company?
The median Gross Margin % among Business Services companies is 34.53, based on 1,007 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ManpowerGroup's current Gross Margin % of 16.05% is 53.5% below 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on ManpowerGroup and its competitors. For the Business Services industry, the median Gross Margin % is 34.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ManpowerGroup's current Gross Margin % is 16.05%, which is near median its own 10-year median of 16.63. 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 Gross Margin % is 16.05%, which is near median its 10-year median of 16.63 and 53.5% below the Business Services industry median of 34.53. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For ManpowerGroup (FRA:MPW), the current Gross Margin % is 16.05% as of Jun. 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:
Gross Margin %: 16.05% (near median its 10-year median of 16.63)
GF Value™: €58.59 vs. price of €43.35 (26% below fair value)
Industry Position: 53.5% below the Business Services median (#837 of 1007)
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
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