Latest Ratios: P/E Ratio 25.0x · EV/EBITDA 26.6x · ROE 10.0%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.4B | $2.7B | $7.3B | $9.3B | $8.1B | $12.5B | $7.1B | $7.4B | $7.0B | $6.9B | $6.3B |
| Enterprise Value | $3.4B | $2.7B | $7.1B | $9.0B | $7.8B | $12.3B | $7.0B | $7.6B | $6.7B | $6.6B | $6.0B |
| P/E Ratio → | 25.02 | 20.42 | 28.88 | 22.66 | 12.24 | 20.81 | 23.14 | 16.19 | 16.02 | 23.84 | 18.27 |
| P/S Ratio | 0.63 | 0.51 | 1.25 | 1.46 | 1.11 | 1.93 | 1.39 | 1.21 | 1.20 | 1.32 | 1.20 |
| P/B Ratio | 2.62 | 2.14 | 5.27 | 5.87 | 5.14 | 9.02 | 5.87 | 6.43 | 6.54 | 6.28 | 5.78 |
| P/FCF | 12.76 | 10.21 | 20.50 | 15.78 | 12.95 | 21.99 | 12.57 | 15.98 | 13.13 | 16.83 | 17.49 |
| P/OCF | 10.64 | 8.51 | 17.69 | 14.64 | 11.79 | 20.66 | 11.87 | 14.15 | 12.15 | 15.31 | 14.21 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.50 | 1.23 | 1.41 | 1.08 | 1.90 | 1.38 | 1.24 | 1.15 | 1.26 | 1.15 |
| EV / EBITDA | 26.57 | 21.20 | 21.54 | 15.97 | 7.60 | 15.42 | 17.15 | 11.95 | 10.23 | 11.43 | 9.75 |
| EV / EBIT | 43.96 | 13.80 | 19.92 | 15.61 | 7.99 | 16.55 | 20.36 | 13.36 | 11.16 | 12.88 | 10.89 |
| EV / FCF | — | 10.05 | 20.12 | 15.22 | 12.51 | 21.69 | 12.49 | 16.42 | 12.61 | 16.11 | 16.77 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.2% | 37.2% | 38.8% | 40.3% | 42.7% | 41.7% | 39.4% | 41.6% | 41.5% | 41.1% | 41.2% |
| Operating Margin | 1.4% | 1.4% | 4.2% | 7.3% | 13.5% | 11.5% | 6.8% | 9.3% | 10.1% | 9.8% | 10.5% |
| Net Profit Margin | 2.5% | 2.5% | 4.3% | 6.4% | 9.1% | 9.3% | 6.0% | 7.5% | 7.5% | 5.5% | 6.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.0% | 10.0% | 17.0% | 26.0% | 44.6% | 46.3% | 26.1% | 41.2% | 40.1% | 26.5% | 32.9% |
| ROA | 4.7% | 4.7% | 8.6% | 13.8% | 22.2% | 21.7% | 12.6% | 21.6% | 23.0% | 15.9% | 19.7% |
| ROIC | 4.6% | 4.6% | 14.5% | 27.2% | 58.4% | 47.1% | 20.7% | 39.8% | 55.1% | 47.2% | 51.4% |
| ROCE | 5.0% | 5.0% | 14.4% | 26.4% | 58.5% | 47.8% | 24.1% | 46.2% | 53.3% | 46.5% | 51.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.33 | 0.33 | 0.29 | 0.25 | 0.25 | 0.32 | 0.44 | 0.42 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 3.33 | 3.33 | 1.22 | 0.72 | 0.38 | 0.56 | 1.28 | 0.75 | 0.00 | 0.00 | 0.00 |
| Net Debt / Equity | — | -0.03 | -0.10 | -0.21 | -0.17 | -0.13 | -0.04 | 0.18 | -0.26 | -0.27 | -0.24 |
| Net Debt / EBITDA | -0.34 | -0.34 | -0.41 | -0.58 | -0.26 | -0.22 | -0.12 | 0.32 | -0.42 | -0.51 | -0.42 |
| Debt / FCF | — | -0.16 | -0.38 | -0.56 | -0.43 | -0.30 | -0.08 | 0.45 | -0.52 | -0.71 | -0.72 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($464M) exceeds total debt ($421M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.52 | 1.52 | 1.66 | 1.83 | 1.83 | 1.67 | 1.76 | 1.73 | 1.80 | 1.91 | 1.89 |
| Quick Ratio | 1.52 | 1.52 | 1.66 | 1.83 | 1.83 | 1.67 | 1.76 | 1.73 | 1.42 | 1.52 | 1.89 |
| Cash Ratio | 0.34 | 0.34 | 0.42 | 0.59 | 0.54 | 0.46 | 0.55 | 0.29 | 0.34 | 0.39 | 0.38 |
| Asset Turnover | — | 1.88 | 2.03 | 2.12 | 2.44 | 2.19 | 2.00 | 2.63 | 3.05 | 2.82 | 2.95 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 10.88 | 10.61 | — |
| Days Sales Outstanding | — | 50.79 | 48.64 | 49.15 | 51.35 | 55.62 | 51.02 | 50.04 | 49.99 | 50.76 | 48.89 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 7.1% | 8.7% | 3.0% | 2.2% | 2.3% | 1.4% | 2.2% | 2.0% | 2.0% | 1.7% | 1.8% |
| Payout Ratio | 179.1% | 179.1% | 87.6% | 50.1% | 28.8% | 28.5% | 50.9% | 32.0% | 31.4% | 41.6% | 33.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.0% | 4.9% | 3.5% | 4.4% | 8.2% | 4.8% | 4.3% | 6.2% | 6.2% | 4.2% | 5.5% |
| FCF Yield | 7.8% | 9.8% | 4.9% | 6.3% | 7.7% | 4.5% | 8.0% | 6.3% | 7.6% | 5.9% | 5.7% |
| Buyback Yield | 2.7% | 3.4% | 3.8% | 2.7% | 4.0% | 2.3% | 2.2% | 3.8% | 5.1% | 3.3% | 2.8% |
| Total Shareholder Yield | 9.8% | 12.1% | 6.8% | 4.9% | 6.3% | 3.7% | 4.5% | 5.8% | 7.0% | 5.1% | 4.6% |
| Shares Outstanding | — | $100M | $103M | $106M | $109M | $112M | $113M | $116M | $122M | $125M | $129M |
Cyclical white-collar hiring slowdown
According to current market data, RHI trades at a P/E of 24.63, which appears elevated relative to its recent revenue contraction, suggesting that investors are pricing in a recovery rather than the current reality of declining demand for professional staffing and consulting services.
The forward EV/EBITDA of 6.33 implies a significant expectation for margin expansion that may be difficult to achieve given the current operating margin compression. This valuation gap warrants caution, as the market may be overestimating the speed of a rebound in high-end white-collar hiring.
As reported in financial statements, RHI's operating margin has compressed to 1.42%, a stark decline from historical norms that indicates the company's fixed cost base is currently misaligned with the lower revenue volumes observed in the professional and consulting segments.
While gross margins remain relatively resilient at 37.23%, the inability to translate this into operating profit suggests that the branch network and internal sales force are underutilized. Investors should monitor whether management can rationalize these costs without damaging the firm's long-term competitive positioning.
Based on RHI's reported figures, ROIC has trended downward to 2.3% in 2026Q1, reflecting a significant decay in the company's ability to generate efficient returns on its invested capital as the cyclical downturn impacts both staffing and Protiviti consulting performance.
The decline in ROIC from higher historical levels suggests that the company's capital-intensive branch model is becoming a drag on performance during this period of reduced demand. This trend warrants further investigation into whether the current asset base is still appropriate for the prevailing market environment.
According to recent quarterly filings, the company's DSO has remained elevated at 53 days, which, when combined with the recent revenue contraction, suggests that RHI is facing increased friction in its collection cycles and potential delays in client payments during this economic cycle.
The lack of improvement in asset turnover, which sits at 0.47, indicates that the company is not effectively rightsizing its working capital in response to lower activity levels. This inefficiency appears to be a structural challenge that may persist until corporate spending on professional services stabilizes.
The P/E ratio is frequently misapplied to RHI, as it obscures the extreme volatility of earnings caused by the company's high operating leverage and the cyclical nature of its permanent placement segment, which can lead to misleading valuation conclusions during market troughs.
Analysts should instead focus on EV/EBITDA or P/FCF to better account for the company's cash-generating capacity and debt structure. Relying on P/E during a period of depressed earnings can create a false sense of value that ignores the underlying operational risks inherent in the staffing business model.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying RHI stock.
Robert Half International Inc.'s current P/E ratio is 25.0x. The historical average is 28.7x. This places it at the 57th percentile of its historical range.
Robert Half International Inc.'s current EV/EBITDA is 26.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.8x.
Robert Half International Inc.'s return on equity (ROE) is 10.0%. The historical average is 24.5%.
Based on historical data, Robert Half International Inc. is trading at a P/E of 25.0x. This is at the 57th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Robert Half International Inc.'s current dividend yield is 7.14% with a payout ratio of 179.1%.
Robert Half International Inc. has 37.2% gross margin and 1.4% operating margin.
Robert Half International Inc.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.