ManpowerGroup Inc. (MAN) P/E Ratio History
Historical price-to-earnings valuation from 1994 to 2025
Loading P/E history...
MAN Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, ManpowerGroup Inc. (MAN) trades at a price-to-earnings ratio of -102.2x, with a stock price of $29.64 and trailing twelve-month earnings per share of $-0.28.
The current P/E is 346% below its 5-year average of 41.5x. Over the past five years, MAN's P/E has ranged from a low of 8.0x to a high of 209.7x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.7x, MAN trades at a 498% discount to its sector peers. The sector includes 416 companies with P/E ratios ranging from 0.0x to 183.1x.
Relative to the broader market, MAN trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MAN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MAN P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 20.2 | - | -45% | |
| $1B | 143.9 | - | -84% | |
| $802M | 22.4 | - | -25% | |
| $111B | 14.7 | 1.63 | +6% | |
| $6B | 10.9 | 0.74Best | +10%Best | |
| $895M | 8.1Lowest | - | -32% | |
| $2B | 13.4 | - | -8% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MAN Historical P/E Data (1994–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $57.88 | $2.30 | 25.2x | -23% |
| FY2024 Q4 | $57.72 | $2.99 | 19.3x | -41% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $73.52 | $0.78 | 94.3x | +187% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $69.80 | $0.91 | 76.7x | +134% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $77.64 | $0.96 | 80.9x | +146% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $79.47 | $1.66 | 47.9x | +46% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $73.32 | $4.35 | 16.9x | -49% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $79.40 | $5.88 | 13.5x | -59% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $82.53 | $6.88 | 12.0x | -63% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $83.21 | $7.05 | 11.8x | -64% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $64.69 | $8.12 | 8.0x | -76% |
| FY2022 Q2 | $76.41 | $7.76 | 9.8x | -70% |
Average P/E for displayed period: 32.8x
See MAN's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs MAN Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare MAN vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonMAN — Frequently Asked Questions
Quick answers to the most common questions about buying MAN stock.
Is MAN stock overvalued or undervalued?
MAN trades at -102.2x P/E, below its 5-year average of 41.5x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does MAN's valuation compare to peers?
ManpowerGroup Inc. P/E of -102.2x compares to sector median of 25.7x. The discount suggests lower growth expectations or higher risk.
What is MAN's PEG ratio?
MAN PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1994-2025.