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STOCK COMPARISON

ETS Group vs Adecco Group AG Class N: Fair Value & Quality

Both stocks run through our valuation models. Here is how ETS Group (8031) and Adecco Group AG Class N (ADEN) compare, as of Aug 17, 2026.

As of Aug 17, 2026, Fair Value Calculator sees Adecco Group AG Class N as the more attractively valued of the two: ETS Group trades at HK$0.31 versus a fair value of HK$0.14 (-54%), while Adecco Group AG Class N trades at CHF 23.64 versus CHF 24.08 (+2%).
ETS Group
8031.HK · HKD · Industrials
-54%
upside to fair value
overvalued
PriceHK$0.31
Fair ValueHK$0.14
Quality49/100
Adecco Group AG Class N
ADEN.SW · CHF · Industrials
+2%
upside to fair value
fairly valued
PriceCHF 23.64
Fair ValueCHF 24.08
Quality62/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

ETS GroupAdecco Group AG Class N
Valuation
P/E (TTM)11.6×
0.18×P/S (TTM)0.19×
0.28×P/B1.29×
EV/EBITDA8.8×
PEG0.74×
Dividend yield6.2%
Profitability
-11%Net margin1%
-20%Operating margin2%
-15%Return on equity9%
-7%Return on assets3%
Growth
-0%Revenue growth (YoY)2%
-3.3%Avg. growth/yr (3Y)-0.6%
-5.7%Avg. growth/yr (5Y)3.5%
Balance & size
Debt / equity0.76×
$14MMarket cap$4B
weakGrowth qualityhealthy

Adecco Group AG Class N leads: 2 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

ETS Groupof which business quality 49 · market factors 49 Adecco Group AG Class Nof which business quality 60 · market factors 53
ProfitabilityMargins and returns on capital today
18
51
Quality GrowthAre margins and returns improving?
21
50
CashflowEarnings quality: real cash, not paper profit
7
55
Fin. StrengthBalance sheet, leverage, solvency risk
100
49
InvestmentDisciplined investing over empire-building
100
100
Low VolatilityCalm price path (market factor)
50
52
MomentumPrice trend over the last 3–12 months (market factor)
40
54
52W MomentumDistance to the 52-week high (market factor)
65
54
Net IssuanceBuybacks instead of dilution
72
80

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

ETS Group

Asset-BasedHK$0.10

1 of 1 models see the stock below the current price.

Adecco Group AG Class N

DCF ModelsCHF 24.79
Earnings-BasedCHF 17.18
Dividend DiscountCHF 12.36
MultiplesCHF 32.33
Asset-BasedCHF 13.08
Growth DCFCHF 26.37
Economic ProfitCHF 14.78
Growth EarningsCHF 27.57

10 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

ETS Group
Bear HK$0.09Fair Value HK$0.14Bull HK$0.18
HK$0.31 = current price (white tick)
Adecco Group AG Class N
Bear CHF 15.45Fair Value CHF 24.08Bull CHF 38.77
CHF 23.64 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

ETS Group · Industrials

Quality score49 · below median
Fair value upside-54% · below median

Adecco Group AG Class N · Industrials

Quality score62 · Top 25%
Fair value upside+2% · above median

Bottom line

As of Aug 17, 2026, Fair Value Calculator sees Adecco Group AG Class N as the more attractively valued of the two: ETS Group trades at HK$0.31 versus a fair value of HK$0.14 (-54%), while Adecco Group AG Class N trades at CHF 23.64 versus CHF 24.08 (+2%).

Adecco Group AG Class N has the higher quality score (62/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.