Kforce Inc (KFRC) is overvalued and ManpowerGroup (MAN) is undervalued.
Against our estimates of intrinsic value, MAN trades at the wider discount: a margin of safety of +23%, against -186% for KFRC.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.1% (average of 3 methods) values the shares at $18.16; the price of $51.99 is 186% above that value, and 74% of that value comes from beyond year five.
Leak Score 65/100 on 9 of 12 signals
Discounting its cash flows at 7.6% (average of 2 methods) values the shares at $74.71; the price of $57.63 is 23% below that value.
Leak Score 54/100 on 3 of 12 signals
| Metric | KFRC | MAN |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $51.99 | $57.63 |
| Intrinsic value | $18.16 | $74.71 |
| Margin of safety | -186% | +23% |
| Leak Score | 65/100 (9/12) | 54/100 (3/12) |
| Market cap | $931M | $2.7B |
| Revenue growth, 5 years | -1.0% | -0.1% |
| Operating margin | 4.0% | 1.8% |
| Net margin | 2.7% | 0.6% |
| Return on equity | 28.3% | 5.1% |
| Debt to equity | 0.99 | 0.67 |
| P/E | 24.8x | 26.0x |
| Forward P/E | 16.8x | 11.8x |
| P/B | 7.5x | 1.3x |
| Dividend yield | 3.1% | 2.8% |