Kelly Services Inc (KELYA) is overvalued and Robert Half Inc (RHI) is overvalued.
Both trade above our estimate of their intrinsic value. KELYA is the closer of the two: -163%, against -233% for RHI.
Values as of the 22 Sept 2026 close.
Its through-the-cycle earnings (0.7% median margin), capitalised at 9.0% with no growth, values the shares at $6.34; the price of $16.66 is 163% above that value.
Leak Score 24/100 on 6 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 | KELYA | RHI |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $16.66 | $37.58 |
| Intrinsic value | $6.34 | $11.30 |
| Margin of safety | -163% | -233% |
| Leak Score | 24/100 (6/12) | 0/100 (2/12) |
| Market cap | $599M | $3.8B |
| Revenue growth, 5 years | -1.2% | 1.0% |
| Operating margin | 0.8% | 0.2% |
| Net margin | -6.7% | 2.2% |
| Return on equity | -24.4% | 9.1% |
| Debt to equity | 0.13 | 0.20 |
| P/E | — | 32.7x |
| Forward P/E | 9.2x | 19.1x |
| P/B | 0.6x | 3.2x |
| Dividend yield | 1.8% | 5.6% |