ManpowerGroup (MAN) is undervalued and Insperity Inc (NSP) is undervalued.
Against our estimates of intrinsic value, NSP trades at the wider discount: a margin of safety of +29%, against +23% for MAN.
Values as of the 22 Sept 2026 close.
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
Its through-the-cycle earnings (3.8% median margin), capitalised at 7.9% with no growth, values the shares at $70.34; the price of $50.26 is 29% below that value.
Leak Score 55/100 on 7 of 12 signals
| Metric | MAN | NSP |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $57.63 | $50.26 |
| Intrinsic value | $74.71 | $70.34 |
| Margin of safety | +23% | +29% |
| Leak Score | 54/100 (3/12) | 55/100 (7/12) |
| Market cap | $2.7B | $1.9B |
| Revenue growth, 5 years | -0.1% | 9.7% |
| Operating margin | 1.8% | -0.0% |
| Net margin | 0.6% | -0.2% |
| Return on equity | 5.1% | -18.5% |
| Debt to equity | 0.67 | 7.84 |
| P/E | 26.0x | — |
| Forward P/E | 11.8x | 18.6x |
| P/B | 1.3x | 30.5x |
| Dividend yield | 2.8% | 4.8% |