Insperity Inc (NSP) is undervalued and Robert Half Inc (RHI) is overvalued.
Against our estimates of intrinsic value, NSP trades at the wider discount: a margin of safety of +29%, against -233% for RHI.
Values as of the 22 Sept 2026 close.
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
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 | NSP | RHI |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $50.26 | $37.58 |
| Intrinsic value | $70.34 | $11.30 |
| Margin of safety | +29% | -233% |
| Leak Score | 55/100 (7/12) | 0/100 (2/12) |
| Market cap | $1.9B | $3.8B |
| Revenue growth, 5 years | 9.7% | 1.0% |
| Operating margin | -0.0% | 0.2% |
| Net margin | -0.2% | 2.2% |
| Return on equity | -18.5% | 9.1% |
| Debt to equity | 7.84 | 0.20 |
| P/E | — | 32.7x |
| Forward P/E | 18.6x | 19.1x |
| P/B | 30.5x | 3.2x |
| Dividend yield | 4.8% | 5.6% |