Barrett Business Services Inc (BBSI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Barrett Business Services Inc stock $36.03, price $29.91, upside +20.5%, quality 68 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $13.92 – $48.67 · fair‑value band $25.05 – $46.84 · the $29.91 price screens below the $36.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Barrett Business Services, Inc. provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.
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The company also offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers compensation coverage, and other administration functions for the client's existing workforce.
In addition, it provides staffing and recruiting services, such as on-demand or short-term staffing assignment, contract staffing, direct placement, and long-term or indefinite-term on-site management services.
The company serves customers in various industries, including construction, waste management and remediation services, manufacturing, transportation and warehousing, health care, leisure and hospitality, retail, professional and advisory services, and wholesale trade industries.
Barrett Business Services, Inc. was incorporated in 1965 and is headquartered in Vancouver, Washington.
Stock analysis
Barrett Business Services Inc (BBSI) currently trades at $29.91, while our model-based Fair Value estimate is $36.03, implying the stock looks roughly 17% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $39.44 per share, and 17 of the 26 models we run sit above the $29.91 price.
Bear case: the Dividend Discount group reads lowest at $4.55, and 9 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $25.05 (bear) to $46.84 (bull), the price of $29.91 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Barrett Business Services Inc reported revenue of $1.2B in FY2025 versus $955M in FY2021, a compound +6.7%/yr. Reported net income was $54.4M in FY2025, compounding +9.4%/yr from FY2021.
Key figures
Market cap $802M Small · P/E ratio 22.3 · P/S ratio 0.63 · EPS (TTM) $1.34 · Dividend yield 1.1% · Net margin 2.8% · Return on equity 16.3% · Return on assets (EBIT) 7.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 14% fair-value upside, at 20%, BBSI screens cheaper than that median.
Fair Value models
Bear$25.05Fair Value $36.03Bull$46.84
Price $29.91 · Upside +20.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.8719 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director bought shares worth $28,600, on May 13, 2026. Over the same period, 2 people sold shares worth $786,233.
SaleJames R PottsEVP Gen Counsel & Secretary2× since Mar 17, 2026: 10,582 shares, avg. $36.26$383,743Jul 7, 202610b5-1 plan
SaleAnthony MeekerDirector12,000 shares at $37.85$454,200Jul 2, 2026
BuyMark Steven FinnDirector5× since Nov 10, 2025: 6,000 shares, avg. $29.27$175,615May 13, 2026
BuyGary KramerPresident & CEO8,370 shares at $26.89$225,069Mar 13, 2026
BuyJoseph Stephen ClabbyDirector1,000 shares at $34.83$34,830Nov 11, 2025
Plus 12 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.1%
Start year 2020 (pandemic). Over 10 years: +5.3% a year
Revenue growth 32 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+12.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.1%
Dividend (yield on the price)1.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.11.1% vs 10.9%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+3.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +1.3% a year for the price and +2.1% for the forecasts.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Staffing & Employment Services · 82 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Barrett Business Services Inc Fair Value". https://www.fairvalue-calculator.com/stock/BBSI
Frequently asked questions
Is Barrett Business Services Inc (BBSI) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $36.03 versus a price of $29.91, about +20% upside (undervalued).
What is the fair value of BBSI?
Our model-based fair value for Barrett Business Services Inc is $36.03 (as of Nov 5, 2026), built from audited fundamentals. The current price: $29.91.
What is the quality score of BBSI?
Barrett Business Services Inc has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Barrett Business Services Inc (BBSI)?
Our model-based price target is the fair value of $36.03 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario $25.05, optimistic scenario $46.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Barrett Business Services Inc stock forecast for 2026?
Our models put fair value at $36.03, about +20% upside versus a price of $29.91 (undervalued). Cautious scenario $25.05, optimistic scenario $46.84. The calculation is refreshed regularly with new filings.
What is the revenue of Barrett Business Services Inc (BBSI)?
Barrett Business Services Inc reported trailing-twelve-month revenue of about $1.3B (latest available figure, as of Nov 5, 2026).
Does Barrett Business Services Inc pay a dividend?
Barrett Business Services Inc currently shows a dividend yield of 1.07% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Barrett Business Services Inc (BBSI) and when is the ex-dividend date?
Barrett Business Services Inc pays a dividend of $0.32 per share a year, a dividend yield of 1.1%. The last ex-dividend date was Aug 21, 2026. A dividend has been paid every year since at least 2006. The payout ratio is 23.9% of earnings. Free cash flow covers the dividend 6.08 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Barrett Business Services Inc (BBSI)?
For today's price to be fair in a discounted-cash-flow model, Barrett Business Services Inc would have to grow free cash flow by +3.7 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.1 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of BBSI use?
Our models discount Barrett Business Services Inc at 11.0 %: a base by market capitalisation (small), damped by beta 0.90, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Barrett Business Services Inc that is +3.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Barrett Business Services Inc (BBSI) delivered so far?
Over the past 5 years revenue at Barrett Business Services Inc grew +7.1 % a year. The price currently implies free-cash-flow growth of +3.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Barrett Business Services Inc (BBSI) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Barrett Business Services Inc (+3.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Barrett Business Services Inc (BBSI)?
The free-cash-flow yield on the price is 6.38 %: that much free cash flow Barrett Business Services Inc produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Barrett Business Services Inc (BBSI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Barrett Business Services Inc it is $36.03 per share (as of Nov 5, 2026), against a price of $29.91. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Barrett Business Services Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, BBSI trades below its calculated fair value: price $29.91, fair value $36.03, a gap of about +20% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BBSI?
No. The price is what the market pays today ($29.91); the fair value is what the company's own numbers justify ($36.03). For Barrett Business Services Inc the two are $6.12 per share apart. That gap is exactly why we show both numbers side by side.
How much is Barrett Business Services Inc worth?
The market values Barrett Business Services Inc at about $802M (market capitalisation, as of Nov 5, 2026). Per share that is $29.91; our models calculate a fair value of $36.03 per share.
What do the bullish and bearish scenarios say about BBSI?
Our models span a range for Barrett Business Services Inc: cautious scenario $25.05, base $36.03, optimistic $46.84 per share (as of Nov 5, 2026, price $29.91). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BBSI?
Barrett Business Services Inc trades at a price-to-earnings ratio of 22.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $36.03 is built from several models across several years. Other multiples: PEG 1.1, P/B 3.3, P/S 0.6, EV/EBITDA 12.6.
What is the PEG ratio of BBSI?
The PEG ratio of Barrett Business Services Inc is 1.11 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Barrett Business Services Inc (BBSI)?
Balance-sheet figures for Barrett Business Services Inc (as of Nov 5, 2026): return on equity 16.3%, debt of 0.02 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is BBSI from its 52-week high?
Barrett Business Services Inc trades at $29.91, about 27% below its 52-week high of $40.95 and 12% above the low of $26.62 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $36.03 is for.
Which stocks are comparable to Barrett Business Services Inc?
From the same area (Industrials) we also value Randstad N.V, Adecco Group, Korn Ferry,, Robert Half Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Barrett Business Services Inc stock attractive at the current price?
The data as of Nov 5, 2026: price $29.91, calculated fair value $36.03 (+20%), Quality Score 68/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BBSI calculated?
We run Barrett Business Services Inc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $36.03 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Barrett Business Services Inc currently trades 17% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Barrett Business Services Inc (BBSI)?
The closing price on Nov 6, 2026 was $29.91. Our model-based fair value is $36.03, about +20% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Barrett Business Services Inc right now?
Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($25.05 to $46.84) leaves room in how you read the outcome.
Where does the earnings growth of Barrett Business Services Inc (BBSI) come from?
Earnings per share at Barrett Business Services Inc grew +12.1 % a year from 2015 to 2025. Broken into its drivers: revenue per share +5.8 %, EBIT margin +2.9 %, tax rate +0.3 %, residual (interest, one-offs) +2.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Barrett Business Services Inc
How large is the market capitalisation of Barrett Business Services Inc (BBSI)?
The market capitalisation of Barrett Business Services Inc is $802M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Barrett Business Services Inc (BBSI)?
The price-to-sales ratio of Barrett Business Services Inc is 0.63 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Barrett Business Services Inc (BBSI)?
Earnings per share at Barrett Business Services Inc are $1.34 (price ÷ EPS = P/E 22.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Barrett Business Services Inc (BBSI)?
The dividend yield of Barrett Business Services Inc is 1.1% (payout 23.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Barrett Business Services Inc (BBSI)?
The net margin of Barrett Business Services Inc is 2.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Barrett Business Services Inc (BBSI)?
The return on equity (ROE) of Barrett Business Services Inc is 16.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Barrett Business Services Inc (BBSI)?
On an EBIT basis the return on assets of Barrett Business Services Inc is 7.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Barrett Business Services Inc (BBSI)?
The operating margin of Barrett Business Services Inc is 4.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Barrett Business Services Inc (BBSI)?
Revenue at Barrett Business Services Inc is growing +3.8% versus a year earlier (3y avg +5.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Barrett Business Services Inc (BBSI)?
Earnings per share at Barrett Business Services Inc are growing −25.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Barrett Business Services Inc (BBSI) hold?
Barrett Business Services Inc holds more cash than debt, $70.6M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 5, 2026