TrueBlue Inc (TBI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of TrueBlue Inc stock $4.70, price $12.15, that is 61.3% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 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 7, 2026.
How to read this chart
60‑month range $3.31 – $32.69 · fair‑value band $3.51 – $7.02 · the $12.15 price screens above the $4.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleSolutions.
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The PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and energy industries.
The PeopleManagement segment offers contingent, on-site industrial staffing, and commercial driver services, which includes on-site management and recruitment for the contingent industrial workforce of manufacturing, warehousing, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands.
The PeopleSolutions segment provides recruitment process outsourcing, talent advisory services, and managed service provider solutions including sourcing, screening, hiring, and onboarding services; operates Affinix, a technology platform for sourcing, screening, and delivering a permanent workforce to its clients; talent advisory solutions, such as employer branding, recruitment marketing, talent insights, candidate assessment, and talent acquisition strategy consulting services; and contingent labor programs, including vendor selection, performance management, compliance monitoring, and risk management.
TrueBlue, Inc. was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. The company was incorporated in 1985 and is headquartered in Tacoma, Washington.
Stock analysis
TrueBlue Inc (TBI) currently trades at $12.15, while our model-based Fair Value estimate is $4.70, 61% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: $3.51 (bear) to $7.02 (bull), the price of $12.15 sits above 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 54/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
TrueBlue Inc reported revenue of $1.6B in FY2025 versus $2.2B in FY2021, a compound −7.1%/yr. Reported net income was −$48.0M in FY2025.
Key figures
Market cap $370M Small · P/S ratio 0.21 · EPS (TTM) $−1.49 · Net margin −2.6% · Return on equity −15.9% · Return on assets (EBIT) −1.4% (5-year average) · Operating margin 2.3% · Revenue (TTM) $1.8B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 267% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 14% fair-value upside, at −61%, TBI screens richer than that median.
Fair Value models
Bear$3.51Fair Value $4.70Bull$7.02
Price $12.15 · Downside -61.3%
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.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 sold shares worth $14,712 and none bought.
SaleSonita LontohDirector2,186 shares at $6.73$14,712Jun 5, 2026
BuyGarrett FerenczEVP, Chief Legal Officer7,000 shares at $3.61$25,270Feb 25, 2026
BuyTaryn R OwenCEO and President, Director20,400 shares at $3.79$77,316Feb 24, 2026
BuyCarl SchweihsEVP and CFO12,500 shares at $3.72$46,500Feb 23, 2026
Plus 3 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.6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.1%
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.
−10.5%
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.
−2.6%
Start year 2020 (pandemic). Over 10 years: −5.0% a year
Revenue growth 30 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.
+18.7%
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Profit margin (trend) ⓘ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.
−9.5% (2020) → −1.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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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). "TrueBlue Inc Fair Value". https://www.fairvalue-calculator.com/stock/TBI
Frequently asked questions
Is TrueBlue Inc (TBI) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $4.70 versus a price of $12.15, about 61% lower (overvalued).
What is the fair value of TBI?
Our model-based fair value for TrueBlue Inc is $4.70 (as of Nov 7, 2026), built from audited fundamentals. The current price: $12.15.
What is the quality score of TBI?
TrueBlue Inc has a Quality Score of 54/100. 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 TrueBlue Inc (TBI)?
Our model-based price target is the fair value of $4.70 (as of Nov 7, 2026) from 1 valuation models. Cautious scenario $3.51, optimistic scenario $7.02. It is a calculation from audited fundamentals, not an analyst target.
What is the TrueBlue Inc stock forecast for 2026?
Our models put fair value at $4.70, about 61% lower versus a price of $12.15 (overvalued). Cautious scenario $3.51, optimistic scenario $7.02. The calculation is refreshed regularly with new filings.
What is the revenue of TrueBlue Inc (TBI)?
TrueBlue Inc reported trailing-twelve-month revenue of about $1.8B (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of TrueBlue Inc (TBI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TrueBlue Inc it is $4.70 per share (as of Nov 7, 2026), against a price of $12.15. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is TrueBlue Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, TBI trades above its calculated fair value: price $12.15, fair value $4.70, a gap of about −61% (overvalued). 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 TBI?
No. The price is what the market pays today ($12.15); the fair value is what the company's own numbers justify ($4.70). For TrueBlue Inc the two are $7.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is TrueBlue Inc worth?
The market values TrueBlue Inc at about $370M (market capitalisation, as of Nov 7, 2026). Per share that is $12.15; our models calculate a fair value of $4.70 per share.
What do the bullish and bearish scenarios say about TBI?
Our models span a range for TrueBlue Inc: cautious scenario $3.51, base $4.70, optimistic $7.02 per share (as of Nov 7, 2026, price $12.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of TBI?
The PEG ratio of TrueBlue Inc is 1.00 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of TrueBlue Inc (TBI)?
Balance-sheet figures for TrueBlue Inc (as of Nov 7, 2026): return on equity −15.9%, debt of 0.24 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is TBI from its 52-week high?
TrueBlue Inc trades at $12.15, about 2% below its 52-week high of $12.36 and 267% above the low of $3.31 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $4.70 is for.
Which stocks are comparable to TrueBlue 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 TrueBlue Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $12.15, calculated fair value $4.70 (−61%), Quality Score 54/100, from 1 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 TBI calculated?
We run TrueBlue Inc through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of $4.70 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. TrueBlue Inc itself currently trades above fair value. 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 TrueBlue Inc (TBI)?
The closing price on Nov 6, 2026 was $12.15. Our model-based fair value is $4.70, about 61% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TrueBlue Inc right now?
The price sits above even our optimistic bull case ($7.02). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($3.51 to $7.02) leaves room in how you read the outcome.
Key figures of TrueBlue Inc
How large is the market capitalisation of TrueBlue Inc (TBI)?
The market capitalisation of TrueBlue Inc is $370M. 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 TrueBlue Inc (TBI)?
The price-to-sales ratio of TrueBlue Inc is 0.21 (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 TrueBlue Inc (TBI)?
Earnings per share at TrueBlue Inc are $−1.49. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of TrueBlue Inc (TBI)?
The net margin of TrueBlue Inc is −2.6% (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 TrueBlue Inc (TBI)?
The return on equity (ROE) of TrueBlue Inc is −15.9% (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 TrueBlue Inc (TBI)?
On an EBIT basis the return on assets of TrueBlue Inc is −1.4% (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 TrueBlue Inc (TBI)?
The operating margin of TrueBlue Inc is 2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TrueBlue Inc (TBI)?
Revenue at TrueBlue Inc is growing +20.7% versus a year earlier (3y avg −10.5%). 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 TrueBlue Inc (TBI)?
Earnings per share at TrueBlue Inc are growing −63.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TrueBlue Inc (TBI) generate?
The free cash flow of TrueBlue Inc is −$73.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does TrueBlue Inc (TBI) carry?
The net debt of TrueBlue Inc is $146M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 7, 2026
