Barrett Business Services Inc (BBSI) is fairly valued and Robert Half Inc (RHI) is overvalued.
Against our estimates of intrinsic value, BBSI trades at the wider discount: a margin of safety of +4%, against -233% for RHI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.6% (average of 3 methods) values the shares at $34.76; the price of $33.26 is 4% below that value, and 74% of that value comes from beyond year five.
Leak Score 55/100 on 9 of 12 signals
Discounting its cash flows at 9.1% (average of 2 methods) values the shares at $11.30; the price of $37.58 is 233% above that value.
Leak Score 0/100 on 2 of 12 signals
| Metric | BBSI | RHI |
|---|---|---|
| Verdict | Fairly valued | Overvalued |
| Price | $33.26 | $37.58 |
| Intrinsic value | $34.76 | $11.30 |
| Margin of safety | +4% | -233% |
| Leak Score | 55/100 (9/12) | 0/100 (2/12) |
| Market cap | $806M | $3.8B |
| Revenue growth, 5 years | 7.1% | 1.0% |
| Operating margin | 4.1% | 0.2% |
| Net margin | 2.8% | 2.2% |
| Return on equity | 16.3% | 9.1% |
| Debt to equity | 0.12 | 0.20 |
| P/E | 24.6x | 32.7x |
| Forward P/E | 16.6x | 19.1x |
| P/B | 3.9x | 3.2x |
| Dividend yield | 1.0% | 5.6% |