PageGroup plc (PAGE) Fair Value & Analysis

Industrials · GB · Market cap 473M GBX

A solid business, but screening 60% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (£0.7600). The favourable scenario is already priced in.
• Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range £0.8070 – £3.95 · fair‑value band £0.4600 – £0.7600 · the £1.52 price screens above the £0.6100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

PageGroup plc (PAGE) currently trades at £1.52, while our model-based Fair Value estimate is £0.6100, implying the stock looks roughly 59.9% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, PageGroup plc generated revenue of £1.6B at a net margin of 0.6%. Revenue declined 5.1% year over year. It earns a return on equity of 3.8%. Net debt stands at £101M. Fundamentals as of Jul 16, 2026

Our scenario range runs from £0.4600 (bear case) to £0.7600 (bull case); at £1.52, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. For context, the median of 10 Industrials peers we cover trades at 23% fair-value upside, at -60%, PAGE screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Dividend Discount (£2.01) versus Economic Profit (£0.0400). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

PageGroup plc, together with its subsidiaries, provides recruitment consultancy and other ancillary services in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Full company description

PageGroup plc, together with its subsidiaries, provides recruitment consultancy and other ancillary services in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and the Americas. It offers executive search services, such as search, selection, and talent management solutions for organizations on a permanent and interim basis under the Page Executive brand; and recruitment services for qualified professional and management level on permanent, temporary, and contract or interim basis under the Michael Page brand. The company also provides recruitment services to organizations requiring permanent employees, temporary, or contract staff at technical and administrative support, professional clerical, and junior management levels under the Page Personnel brand; and flexible offering outsourcing services under the Page Outsourcing brand. In addition, it is involved in the provision of IT consultancy and support services. The company was formerly known as Michael Page International plc and changed its name to PageGroup plc in June 2016. PageGroup plc was founded in 1976 and is headquartered in Addlestone, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PageGroup plc reported revenue of £1.6B in FY2025 versus £1.6B in FY2021, a compound −0.7%/yr. Reported net income was £9.0M in FY2025, compounding −47.5%/yr from FY2021.

PAGE screens 60% overvalued. Compare with Adecco Group →

Peer Group

Staffing & Employment Services · 85 stocks

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.

Valuation Multiples vs Staffing & Employment Services median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.