ZYBERNO
Stock Report
Updated Aug 31, 2026

MANPOWERGROUP INC. (MAN)

NYSE

$62.39
ManpowerGroup Inc. is an American multinational workforce solutions company headquartered in Milwaukee, Wisconsin. The company provides permanent, temporary, and contract recruitment, employee assessment, training, outplacement, outsourcing, and workforce consulting through its Manpower staffing, Experis professional staffing, and Talent Solutions brands across 75+ countries.

Professional Investment Analysis

ZYBERNO SCORE
Is it a great business? Is it getting better?
26.0/100
POOR BUSINESS
MANPOWERGROUP INC. (MAN) scores 26/100 — concerning metrics indicating significant structural or financial risks.
📊 How is the Zyberno Score calculated? +
VALUATION SIGNAL
MARGIN OF SAFETY
Is this stock cheap or expensive relative to what the business has historically generated for owners?
Margin of Safety unavailable — insufficient data for the owner-earnings DCF.
Is the market underestimating or overestimating what this business is capable of going forward?
-9.8%
Market Overestimates
💰 How is Margin of Safety calculated? +
📈 How is Brina Gap calculated? +

Critical Financial Health Indicators

Return on Equity (Profitability):CRITICAL (2.1%)
Debt-to-Equity (Solvency Risk):GOOD (0.36x)
Operating Margin (Operational Efficiency):CRITICAL (1.5%)
Return on Capital (Capital Efficiency):POOR (6.2%)
📊 Valuation Trilogy
Three interconnected metrics for complete valuation analysis
Click any metric for full methodology and detailed analysis
Zyberno's Verdict

MANPOWERGROUP INC. (MAN) stock report — Zyberno Score 26/100 (POOR BUSINESS). Full financial analysis on Zyberno.

According to Zyberno's DCF model, MANPOWERGROUP INC. (MAN) shows a Brina Gap of -9.8%, which weakens the case: based on the company's ROIC (6.2%) and reinvestment rate (-29.0%), the business can fundamentally grow at -1.8% — but the current enterprise value implies the market expects 8.0%.

Over the trailing twelve months, MAN generated -$129.80M in Owner Earnings. Capital was deployed as follows: $300.00K returned via share buybacks, $66.70M paid as dividends, $52.60M invested in capital expenditures. Reinvestment rate: -29.0%.

DIVISION I: EXECUTIVE SUMMARY
A. Market Valuation

Market Price & Capitalization (2)

Current Price:62.39
Market Cap:$2.93B

Valuation Multiples (4)

P/B Ratio:1.39x
P/S Ratio:0.16x
Peg Ratio:-999.00x

Enterprise Metrics (2)

Enterprise Value:$3.50B
Ev Ebitda Ratio:9.78x

Price Action & Momentum (3)

Momentum Percentile:27 / 100
% of 52-Week High:99.1%
B. Profitability Assessment

Return Metrics (7)

ROA:0.5%
Reinvestment Rate:-29.0%
Fundamental Growth Rate (g):-1.8%
Market-Implied Growth Rate:8.0%

Margin Analysis (3)

Operating Margin Ttm:1.5%
Net Margin Ttm:0.2%
Ebitda Margin:1.9%

TTM Performance (3)

Gross Margin Ttm:16.2%
Operating Margin Ttm:1.5%
Net Margin Ttm:0.2%

Yield Metrics (2)

Earnings Yield:$1.43
Dividend Yield:2.3%
C. Log-Linear Regression Growth Trends

Earnings Surprise (SUE) (3)

EPS Surprise vs Expected:156.1%
Latest Earnings Filed:2026-08-07

Revenue Growth (Linear) (1)

Revenue Growth Rate (Linear):-1.2%

Earnings Growth (Linear) (1)

Net Income Growth Rate (Linear):-44.4%

Cash Flow Growth (Linear) (2)

Free Cash Flow Growth Rate (Linear):-15.9%
Operating Cash Flow Growth Rate (Linear):-14.4%

Operating Growth (Linear) (1)

Operating Income Growth Rate (Linear):-21.3%
D. Financial Stability

Liquidity Ratios (3)

Current Ratio:1.04x
Quick Ratio:1.04x
Cash Ratio:0.04x

Leverage Analysis (3)

Debt To Equity Ttm:0.36x
Debt-to-Equity Ratio:0.36x
Debt To Ebitda:2.10x

Coverage Ratios (1)

Times Interest Earned:-999.00

Capital Structure (4)

Working Capital:212,000,000.00
Cash And Cash Equivalents:180,600,000.00
Long Term Debt:$274.30M
Net Debt:$569.90M
DIVISION II: FINANCIAL STATEMENTS ANALYSIS
A. Income Statement Analysis

Revenue Components (2)

Revenue TTM: $18.72B
Linear Growth: -1.2%
📊 Click to view full MAN Revenue analysis & methodology →
Cost Of Revenue Ttm:$15.68B

Profitability Breakdown (2)

Gross profit TTM: $3.04B
Linear Growth: -4.5%
📊 Click to view full MAN Gross Profit analysis & methodology →
Operating income TTM: $287.50M
Linear Growth: -21.3%
📊 Click to view full MAN Operating Income analysis & methodology →

Bottom Line Performance (3)

Net income TTM: $42.70M
Linear Growth: -44.4%
📊 Click to view full MAN Net Income analysis & methodology →
Income Before Tax:$226.30M
Ebitda Ttm:357,300,000.00

Operating Expenses (5)

Operating Expenses:0.00
R And D Expense:0.00
Sga Expense:2,108,200,000.00
Income Tax Expense:$122.10M
Interest Expense:-94,400,000.00

Expense Ratios (3)

R And D To Revenue Percentage:0.0%
Sga To Revenue Percentage:43.4%
Ebitda Margin:1.9%
B. Balance Sheet Analysis

Asset Composition (5)

Total Assets:$8.37B
Current Assets:$5.13B
Ppe Net:522,000,000.00
Goodwill:1,483,400,000.00
Intangible Assets:$415.70M

Liability Structure (4)

Total Liabilities:6,268,500,000.00
Current Liabilities:4,919,400,000.00
Long Term Debt:$274.30M
Short Term Debt:$476.20M

Equity & Capital (3)

Equity:$2.11B
Retained Earnings:$3.75B
Common Stock:125,000,000.00

Working Capital Items (3)

Accounts Receivable:4,733,800,000.00
Inventory:0.00
Accounts Payable:452,100,000.00

Special Items (2)

Contract Liabilities:37,700,000.00
Stock Based Compensation:7,600,000.00
C. Cash Flow Analysis

Operating Activities (2)

Operating cash flow TTM: -$77.20M
Linear Growth: -14.4%
Free cash flow TTM: -$129.80M
Linear Growth: -15.9%
📊 Click to view full MAN Free Cash Flow analysis & methodology →

Investment Activities (2)

Investing Cash Flow:-$8.70M
Capital Expenditures Ttm:52,600,000.00

Financing Activities (3)

Financing Cash Flow:-$511.20M
Dividends Paid Ttm:66,700,000.00
Stock Repurchase:300,000.00

Capital Transactions (3)

Common Stock Issuance:0.00
Long Term Debt Issuance:$100.00K
Long Term Debt Repayments:$582.30M

Non-Cash Items (1)

Depreciation Amortization Ttm:69,800,000.00
DIVISION III: OPERATIONAL METRICS
A. Per Share Analysis

Earnings Per Share (3)

EPS (Basic TTM):0.90
Eps diluted TTM: $0.89
Linear Growth: -43.1%
📊 Click to view full MAN EPS analysis & methodology →
Earnings Per Share Ttm:$0.91

Revenue & Cash Per Share (2)

Sales Per Share Ttm:399.11
Operating Cash Flow Per Share:-$2.22

Book Value & Capital (2)

Book Value Per Share:$44.91
Cash Per Share:3.85

Dividend Policy (1)

Dividend Payout Ratio:368.51x
B. Operational Efficiency

Asset Utilization (2)

Asset Turnover Ttm:2.18x
Working Capital Turnover Ttm:88.29x

Receivables Management (2)

Receivables Turnover Ttm:3.95x
Days Sales Outstanding Ttm:92.31

Inventory Management (2)

Inventory Turnover Ttm:-999.00x
Days Inventory Outstanding Ttm:-999.00

Payables & Cash Cycle (2)

Days Payable Outstanding:10.52
Cash Conversion Cycle:-917.22
C. Quality & Risk Metrics

Financial Quality Scores (2)

Financial Strength Score:80.00
Quality Score:35.00

Market Metrics (2)

Beta:0.00x
Volatility Category:unknown
DIVISION IV: INVESTMENT ANALYSIS
A. Value Investment Framework

Owner Earnings Analysis (1)

-$129.80M

Damodaran Growth Analysis (4)

Reinvestment Rate:-29.0%
Fundamental Growth Rate (g):-1.8%
Market-Implied Growth Rate:8.0%
B. Log-Linear Regression Growth Analysis

Growth Rates (Log-Linear Regression) (3)

Revenue Growth Rate (Linear):-1.2%
Net Income Growth Rate (Linear):-44.4%
Operating Income Growth Rate (Linear):-21.3%

Cash Flow Growth Rates (2)

Free Cash Flow Growth Rate (Linear):-15.9%
Operating Cash Flow Growth Rate (Linear):-14.4%

Other Growth Rates (2)

Gross Profit Growth Rate (Linear):-4.5%
Book Value Growth Rate (Linear):-5.4%
C. Company Profile & Context

Corporate Information (6)

Symbol:MAN
Company Name:MANPOWERGROUP INC.
Sector:Unknown
Industry:Services-Help Supply Services
Exchange:NYSE
Country:United States

Market Classification (3)

Market Cap Category:N/A
Price Category:high
Volume Category:N/A

Share Structure (3)

Shares Outstanding:46.90M
Shares Outstanding Basic:46.90M
Shares Outstanding Diluted:47.40M

Data Processing Info (3)

Processing Version:v3.0
Last Updated:2026-08-31 15:15:34 UTC
Data Timestamp:2026-08-31T15:15:34.389056
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