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Robert Half Inc (RHI) Fair Value & Analysis

Industrials · US · Market cap $3.6B

RH Robert Half Inc logo Robert Half Inc RHI · US
Price$42.74
Fair Value$22.10
Upside-48.3%
Quality65/100
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Weak Growth
Thin margins · 2.4% net margin
Low debt · generates free cash flow
6.63% dividend yield
Mixed vs. peers (6/15)
Narrow moat 36/100
Evidence: High Range $16.58 – $27.63 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 24 days ago

Share price +29.5% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($27.63). The favourable scenario is already priced in.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$103.74 $21.39 Fair Value $22.10 May 2021 Aug 2026

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 $21.39 – $103.74 · fair‑value band $16.58 – $27.63 · the $42.74 price screens above the $22.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Robert Half Inc (RHI) currently trades at $42.74, while our model-based Fair Value estimate is $22.10, implying the stock looks roughly 48.3% overvalued today. The Quality Score stands at 65/100 (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, Robert Half Inc generated revenue of $5.3B at a net margin of 2.4%. Revenue declined 3.8% year over year. It earns a return on equity of 10.2%. The balance sheet holds a net cash position of $43.2M. Fundamentals as of Jul 16, 2026

Our scenario range runs from $16.58 (bear case) to $27.63 (bull case); at $42.74, 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 share trades near its 52-week high and 100% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 23% fair-value upside, at -48%, RHI 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $33.52 $47.43 $66.84 80
Residual Income $11.01 $12.20 $16.64 76
Rev-Margin DCF $18.97 $24.46 $31.06 74
All 26 models by family
DCF Models
FCF DCF $33.23 $49.26 $73.22 38
Owner Earnings $21.90 $31.60 $46.10 31
5Y Revenue Exit $18.97 $24.05 $30.10 39
5Y EBITDA Exit $23.44 $32.53 $42.93 41
5Y P/E Exit $26.54 $38.42 $50.88 38
10Y Revenue Exit $23.80 $29.72 $37.05 36
10Y EBITDA Exit $26.80 $35.52 $46.76 37
10Y P/E Exit $28.74 $39.55 $52.77 35
Earnings-Based
Graham-Dodd $8.84 $29.57 $39.60 54
Lynch FV $6.72 $9.59 $12.47 50
PEG = 1.0 $6.72 $9.59 $12.47 46
EPV $7.94 $8.47 $8.94 59
Dividend Discount
Gordon GGM $20.45 $40.75 $61.71 70
DDM Multi-Stage $20.45 $34.35 $43.02 61
Multiples
P/E Multiple $20.48 $27.30 $34.13 63
P/S Multiple $16.58 $22.10 $27.63 58
P/B Multiple $16.58 $22.10 $27.63 55
EV/EBIT $14.07 $17.25 $20.42 53
EV/EBITDA $19.61 $24.63 $29.65 54
EV/Revenue $11.34 $14.26 $17.17 43
Asset-Based
NCAV (Graham) $6.24 $8.36 $12.47 50
Growth DCF
Growth DCF $33.52 $47.43 $66.84 80
Rev-Margin DCF $18.97 $24.46 $31.06 74
Economic Profit
Residual Income $11.01 $12.20 $16.64 76
ROIC Compounder $7.94 $8.47 $8.94 72
Growth Earnings
Growth-Adj P/E $17.37 $24.81 $32.25 68

Widest divergence: Dividend Discount ($34.35) versus Asset-Based ($8.36). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $5.3B
Revenue growth (YoY) -3.8%
Net margin 2.4%
Return on equity 10.2%
Free cash flow $267M FY2025
P/E ratio 27.4
More key figures
Operating margin 2.8%
EPS (TTM) $1.30
Dividend yield 6.6%
EPS growth (YoY) -18.6%
Net cash $43.2M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 65 · Market factors (momentum, volatility) 69

Profitability 61
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 78
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Robert Half Inc. provides talent solutions and business consulting services in the United States and internationally. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti.

Full company description

Robert Half Inc. provides talent solutions and business consulting services in the United States and internationally. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support. The Permanent Placement Talent Solutions segment engages in the placement of full-time accounting, finance, and tax and accounting operations personnel. The Protiviti segment offers a range of consulting and managed solutions for regulatory compliance, finance, technology, operations, data, digital, legal, HR, governance, risk, and internal audit. The company markets its contract talent and permanent placement services to clients and employment candidates through national and local advertising activities, including radio, digital advertising, job boards, alliance partners, and events. The company offers its services primarily under the Robert Half and Protiviti brands. The company was formerly known as Robert Half International Inc. and changed its name to Robert Half Inc. in July 2023. Robert Half Inc. was founded in 1948 and is headquartered in Menlo Park, California.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Robert Half Inc reported revenue of $5.4B in FY2025 versus $6.5B in FY2021, a compound −4.5%/yr. Reported net income was $133M in FY2025, compounding −31.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$5.4B
Latest YoY
−7.2%
Avg. growth/yr (3Y)
−9.4%
Avg. growth/yr (5Y)
+1.0%
Avg. growth/yr (40Y)
+13.6%
Revenue −4.5%/yr
FY21 $6.5B
FY22 $7.2B
FY23 $6.4B
FY24 $5.8B
FY25 $5.4B
Net income −31.3%/yr
FY21 $599M
FY22 $658M
FY23 $411M
FY24 $252M
FY25 $133M

RHI screens 48% overvalued. Compare with Adecco Group →

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Cite: Fair Value Calculator (2026). "Robert Half Inc Fair Value". https://www.fairvalue-calculator.com/stock/RHI

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

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.

Quality Score 65 · Above median
Fair Value upside −48% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 2% · Below median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 3% · Above median
Revenue growth -4% · Below median
Dividend yield (TTM) 6.6% · Top 25%

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

P/E (TTM) 27.4× · Pricier than 75% of peers
P/B 2.86× · Pricier than median
P/S (TTM) 0.69× · Pricier than 75% of peers
P/FCF 13.7× · Pricier than 75% of peers
EV/EBITDA 25.3× · Pricier than 75% of peers
PEG 5.46× · Pricier than 75% of peers

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 · sector 41
FUTURE 0 · sector 1
PAST 41 · sector 36
HEALTH 100 · sector 95
DIVIDEND 100 · sector 60

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

Insider activity: 45/100

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Adecco Group ADEN CHF 20.46 CHF 23.73 +16%
Korn Ferry, KFY $78.61 $114.56 +46%
TriNet Group TNET $57.56 $70.85 +23%
ManpowerGroup Inc MAN $39.02 $29.67 -24%
Insperity, Inc NSP $49.48 $17.34 -65%
FESCO Group 600861 ¥13.24 ¥45.46 +243%
Grupa Pracuj S.A GPP 47.40 PLN 65.45 PLN +38%
Barrett Business Services, Inc BBSI $37.43 $38.42 +3%
Maharah for Human Resources Company 1831 5.36 SAR 6.92 SAR +29%
Kforce Inc KFRC $55.49 $31.93 -42%

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Frequently asked questions

Is Robert Half Inc (RHI) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of $22.10 versus a price of $42.74, about −48% (overvalued).
What is the fair value of RHI?
Our model-based fair value for Robert Half Inc is $22.10 (as of Jul 16, 2026), built from audited fundamentals. The current price is $42.74.
What is the quality score of RHI?
Robert Half Inc has a Quality Score of 65/100. 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 revenue of Robert Half Inc (RHI)?
Robert Half Inc reported trailing-twelve-month revenue of about $5.3B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of RHI?
The net profit margin of Robert Half Inc is about 2.4%, meaning it keeps roughly 2.4% of revenue as net income. Based on the latest reported figures.
Does Robert Half Inc pay a dividend?
Robert Half Inc currently shows a dividend yield of about 7.62% relative to its recent price (as of Jul 16, 2026).

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.

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