ManpowerGroup Inc. (MAN) Key Metrics
MAN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.93B
- Enterprise value
- $3.92B
- P/E (TTM)
- 16.4 10-yr median 14.2
- Forward P/E
- 11.8
- PEG ratio
- 0.94
- Price / sales
- 0.1 10-yr median 0.2
- Price / book
- 1.3 10-yr median 2.0
- EV / EBITDA
- 9.6 10-yr median 8.4
- Dividend yield
- 3.47% $1.44 a year
- Beta
- 0.67
MAN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMAN valuation Price multiples at each fiscal year-end price.
MAN returns How much profit the business earns on the capital it uses.
MAN per-share figures Results divided by the shares outstanding at year-end.
MAN financial health Debt, liquidity and how easily interest is covered.
MAN efficiency & capital use Working capital cycle and where the cash goes.
MAN valuation history
MAN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MAN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MAN cash returned to shareholders
MAN price vs earnings per share
MAN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.39B | $2.79B | $4.01B | $4.39B | $5.39B | $5.26B | $5.86B | $4.22B | $8.56B | $6.29B |
| Enterprise value | $2.91B | $3.51B | $4.85B | $5.11B | $5.94B | $5.24B | $6.36B | $4.70B | $8.82B | $6.52B |
| P/E ratio | — | 19.2 | 45.1 | 11.8 | 14.1 | 220.9 | 12.6 | 7.6 | 15.7 | 14.2 |
| Price / sales | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.4 | 0.3 |
| Price / book | 0.7 | 1.3 | 1.8 | 1.8 | 2.1 | 2.2 | 2.1 | 1.6 | 3.1 | 2.7 |
| Price / free cash flow | — | 10.8 | 14.8 | 12.6 | 9.3 | 5.9 | 7.7 | 10.1 | 24.7 | 11.6 |
| Price / operating cash flow | — | 9.0 | 11.5 | 10.4 | 8.4 | 5.6 | 7.2 | 8.7 | 21.4 | 10.5 |
| EV / sales | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.4 | 0.3 |
| EV / EBITDA | 10.6 | 8.1 | 19.0 | 7.4 | 8.7 | 19.6 | 7.9 | 5.3 | 10.2 | 7.8 |
| EV / free cash flow | — | 13.6 | 18.0 | 14.7 | 10.2 | 5.9 | 8.4 | 11.2 | 25.5 | 12.0 |
| Earnings yield | −1.0% | 5.2% | 2.2% | 8.5% | 7.1% | 0.5% | 8.0% | 13.2% | 6.4% | 7.1% |
| Free cash flow yield | −11.6% | 9.3% | 6.7% | 7.9% | 10.8% | 16.8% | 13.0% | 9.9% | 4.0% | 8.6% |
| Dividend yield | 4.8% | 5.2% | 3.6% | 3.2% | 2.5% | 2.5% | 2.2% | 3.0% | 1.4% | 1.9% |
| Shareholder yield (dividends + buybacks) | 7.6% | 10.3% | 8.1% | 9.3% | 6.4% | 7.5% | 5.7% | 14.9% | 3.8% | 9.5% |
| Share price at fiscal year-end | $29.73 | $57.72 | $79.47 | $83.21 | $97.33 | $90.18 | $97.10 | $64.80 | $126.11 | $88.87 |
| Per share | ||||||||||
| Revenue per share | $385.35 | $369.65 | $375.29 | $375.52 | $374.09 | $308.77 | $346.00 | $337.81 | $309.78 | $277.60 |
| Earnings per share | −$0.29 | $3.00 | $1.76 | $7.08 | $6.90 | $0.41 | $7.72 | $8.55 | $8.03 | $6.27 |
| Operating cash flow per share | −$2.23 | $6.40 | $6.91 | $8.02 | $11.64 | $16.06 | $13.51 | $7.42 | $5.90 | $8.47 |
| Free cash flow per share | −$3.46 | $5.34 | $5.36 | $6.59 | $10.48 | $15.19 | $12.63 | $6.43 | $5.10 | $7.67 |
| Cash per share | $18.69 | $10.55 | $11.53 | $12.10 | $15.30 | $26.88 | $17.01 | $9.09 | $10.15 | $8.45 |
| Book value per share | $44.20 | $44.00 | $44.11 | $46.35 | $45.52 | $41.87 | $45.49 | $40.32 | $40.87 | $33.36 |
| Tangible book value per share | $1.82 | $1.57 | $1.43 | $5.11 | $3.90 | $16.58 | $20.14 | $16.61 | $16.91 | $11.69 |
| Dividends per share | $1.43 | $3.02 | $2.86 | $2.65 | $2.47 | $2.21 | $2.14 | $1.96 | $1.82 | $1.67 |
| Capex per share | $1.23 | $1.06 | $1.55 | $1.43 | $1.16 | $0.87 | $0.88 | $0.99 | $0.81 | $0.80 |
| Debt per share | $51.35 | $25.50 | $28.29 | $25.73 | $25.16 | $26.56 | $25.41 | $16.52 | $13.95 | $11.66 |
| Shares outstanding | 46.6M | 48.3M | 50.4M | 52.8M | 55.4M | 58.3M | 60.3M | 65.1M | 67.9M | 70.8M |
| Change in shares outstanding | −3.5% | −4.2% | −4.5% | −4.7% | −5.0% | −3.3% | −7.4% | −4.1% | −4.1% | −8.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −0.6% | 6.7% | 3.8% | 15.0% | 15.4% | 0.9% | 17.4% | 20.6% | 21.2% | 17.8% |
| Return on invested capital (ROIC) | 3.7% | 5.8% | 4.1% | 14.2% | 14.4% | 6.5% | 13.8% | 19.1% | 20.7% | 17.8% |
| Return on assets (ROA) | −0.2% | 1.7% | 1.0% | 3.9% | 4.0% | 0.3% | 5.2% | 6.4% | 6.6% | 5.9% |
| Return on tangible assets | −0.2% | 2.4% | 1.3% | 5.4% | 5.1% | 0.3% | 6.1% | 8.0% | 7.5% | 7.3% |
| Free cash flow margin | −0.9% | 1.4% | 1.4% | 1.8% | 2.8% | 4.9% | 3.6% | 1.9% | 1.6% | 2.8% |
| Income quality (OCF / net income) | — | 2.13 | 3.92 | 1.13 | 1.69 | 39.34 | 1.75 | 0.87 | 0.74 | 1.35 |
| Financial health | ||||||||||
| Total debt | $2.39B | $1.23B | $1.43B | $1.36B | $1.39B | $1.55B | $1.53B | $1.08B | $947.5M | $825.4M |
| Cash & short-term investments | $871.0M | $509.4M | $581.3M | $639.0M | $847.8M | $1.57B | $1.03B | $591.9M | $689.0M | $598.5M |
| Net debt | $1.52B | $722.4M | $844.7M | $719.6M | $546.3M | −$18.8M | $506.4M | $483.5M | $258.5M | $226.9M |
| Debt / equity | 1.16 | 0.58 | 0.64 | 0.56 | 0.55 | 0.63 | 0.56 | 0.41 | 0.34 | 0.35 |
| Debt / assets | 0.26 | 0.15 | 0.16 | 0.15 | 0.14 | 0.17 | 0.17 | 0.13 | 0.11 | 0.11 |
| Net debt / EBITDA | 5.54 | 1.67 | 3.30 | 1.05 | 0.80 | −0.07 | 0.63 | 0.54 | 0.30 | 0.27 |
| Current ratio | 1.11 | 1.12 | 1.16 | 1.21 | 1.11 | 1.42 | 1.46 | 1.44 | 1.28 | 1.40 |
| Quick ratio | 1.11 | 1.12 | 1.16 | 1.21 | 1.11 | 1.42 | 1.46 | 1.44 | 1.28 | 1.40 |
| Interest coverage | 2.5 | 3.4 | 5.1 | 14.1 | 15.1 | 8.6 | 14.5 | 17.0 | 16.0 | 15.2 |
| Working capital | $556.8M | $533.2M | $772.4M | $1.01B | $642.2M | $1.98B | $2.04B | $1.82B | $1.36B | $1.47B |
| Invested capital | $3.58B | $2.85B | $3.07B | $3.17B | $3.07B | $2.42B | $3.25B | $3.11B | $3.03B | $2.59B |
| Tangible asset value | $85.6M | $77.4M | $83.0M | $280.5M | $225.9M | $979.2M | $1.23B | $1.16B | $1.23B | $912.1M |
| Net current asset value | −$1.31B | −$1.10B | −$1.02B | −$737.9M | −$874.5M | −$226.2M | $22.2M | $175.8M | $145.2M | $5.1M |
| Graham number | — | $54.54 | $41.82 | $85.93 | $84.08 | $19.61 | $88.91 | $88.08 | $85.94 | $68.59 |
| Graham net-net per share | −$56.89 | −$48.48 | −$47.47 | −$41.29 | −$42.66 | −$28.15 | −$24.57 | −$19.54 | −$19.28 | −$17.22 |
| Capital allocation | ||||||||||
| Dividends paid | $66.7M | $145.8M | $144.3M | $139.9M | $136.6M | $129.1M | $129.3M | $127.3M | $123.7M | $118.4M |
| Share buybacks (net) | $38.2M | $140.0M | $179.8M | $270.0M | $210.0M | $264.7M | $203.0M | $500.7M | $203.9M | $482.2M |
| Dividend payout ratio | — | 100.5% | 162.5% | 37.4% | 35.7% | 542.4% | 27.8% | 22.9% | 22.7% | 26.7% |
| Dividends + buybacks / free cash flow | — | 110.7% | 120.0% | 117.9% | 59.7% | 44.5% | 43.6% | 150.1% | 94.6% | 110.6% |
| Capex / revenue | 0.3% | 0.3% | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% |
| Capex / operating cash flow | — | 16.5% | 22.5% | 17.9% | 10.0% | 5.4% | 6.5% | 13.4% | 13.6% | 9.5% |
| Capex / depreciation | 0.67 | 0.59 | 0.88 | 0.89 | 0.87 | 0.66 | 0.69 | 0.75 | 0.65 | 0.67 |
| Stock-based compensation / revenue | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| SG&A / revenue | 15.4% | 15.6% | 15.7% | 14.7% | 13.6% | 14.3% | 12.8% | 12.7% | 12.8% | 13.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 92.2 | 93.3 | 96.2 | 97.4 | 91.2 | 103.3 | 92.3 | 88.4 | 84.9 | 80.4 |
| Days of inventory on hand | — | — | 0.0 | — | 0.0 | 0.0 | 0.0 | — | 0.0 | 0.0 |
| Days payables outstanding | 65.1 | 65.9 | 65.2 | 65.9 | 58.7 | 60.2 | 49.5 | 45.1 | 43.6 | 40.0 |
| Cash conversion cycle (days) | 27.1 | 27.4 | 31.0 | 31.5 | 32.6 | 43.1 | 42.8 | 43.3 | 41.3 | 40.4 |
| Receivables turnover | 3.96 | 3.91 | 3.80 | 3.75 | 4.00 | 3.53 | 3.96 | 4.13 | 4.30 | 4.54 |
| Payables turnover | 5.61 | 5.53 | 5.60 | 5.54 | 6.22 | 6.07 | 7.38 | 8.10 | 8.37 | 9.13 |
| Inventory turnover | — | — | 15,556,500,000.00 | — | 17,316,900,000.00 | 15,176,300,000.00 | 17,488,400,000.00 | — | 17,549,700,000.00 | 32,640,600,000.00 |
| Asset turnover | 2.07 | 2.10 | 2.11 | 2.09 | 2.16 | 1.94 | 2.35 | 2.53 | 2.56 | 2.60 |
| Average receivables | $4.53B | $4.56B | $4.98B | $5.29B | $5.18B | $5.09B | $5.27B | $5.32B | $4.89B | $4.33B |
| Average payables | $2.67B | $2.67B | $2.78B | $2.94B | $2.78B | $2.50B | $2.37B | $2.27B | $2.10B | $1.79B |
| Average inventory | — | — | $1 | — | $1 | $1 | $1 | — | $1 | $0 |
| Intangibles / total assets | 21.6% | 25.0% | 24.4% | 23.8% | 23.5% | 15.8% | 16.6% | 18.1% | 18.3% | 20.3% |
Computed from MAN's annual financial statements (latest annual report filed February 23, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MAN valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 16.4 and the forward P/E is 11.8. ManpowerGroup earned a return on equity of −0.6% and a return on invested capital of 3.7% in fiscal 2025. It ended the year with $2.4 billion of debt and $871.0 million in cash and short-term investments, net debt of $1.5 billion. It returned $104.9 million to shareholders: $66.7 million in dividends and $38.2 million in share buybacks. The share count fell 34.2% from 70.8M to 46.6M over 9 years.
See the MAN income statement, the MAN chart for price history, or the MAN stock overview for the latest quote and news.
MAN key metrics FAQ
What is ManpowerGroup's P/E ratio?
ManpowerGroup's trailing P/E ratio is 16.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.8. At the end of fiscal 2025 it was —, compared with a 10-year median of 14.2.
What is ManpowerGroup's EV/EBITDA?
ManpowerGroup's enterprise value was 10.6 times EBITDA at the end of fiscal 2025 (enterprise value $2.9 billion, EBITDA $274.8 million); the current EV/EBITDA is 9.6.
What is ManpowerGroup's return on equity?
ManpowerGroup's return on equity (ROE) was −0.6% in fiscal 2025: net income of -$13.3 million on average shareholders' equity of $2.1 billion.
What is ManpowerGroup's ROIC?
ManpowerGroup's return on invested capital was 3.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does ManpowerGroup have?
ManpowerGroup had total debt of $2.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.16 and $1.5 billion of net debt (5.54 times EBITDA).
What is ManpowerGroup's dividend yield?
ManpowerGroup's forward dividend yield is 3.47%. ManpowerGroup paid $66.7 million in dividends in fiscal 2025 ($1.43 per share), a payout ratio of —.
Does ManpowerGroup buy back its shares?
Yes. ManpowerGroup spent $38.2 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.5% over the year, to 46.6M..
What is ManpowerGroup's free cash flow yield?
ManpowerGroup generated -$161.4 million of free cash flow in fiscal 2025, a free cash flow yield of −11.6% on its market value at year-end ($1.4 billion).
What is ManpowerGroup's current ratio?
ManpowerGroup's current ratio was 1.11 at the end of fiscal 2025: current assets were 1.11 times current liabilities.