A

Adecco Group AG
LSE:0QNM

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Adecco Group AG
LSE:0QNM
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Price: 18.33 CHF -1.38% Market Closed
Market Cap: CHf3B

EV/EBIT

9.2
Current
18%
Cheaper
vs 3-y average of 11.3

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
9.2
=
Enterprise Value
CHf5.2B
/
EBIT
€591m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
9.2
=
Enterprise Value
CHf5.2B
/
EBIT
€591m

Valuation Scenarios

Adecco Group AG is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (11.3), the stock would be worth CHf22.48 (23% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+113%
Average Upside
47%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 9.2 CHf18.33
0%
3-Year Average 11.3 CHf22.48
+23%
5-Year Average 10.8 CHf21.5
+17%
Industry Average 12.4 CHf24.84
+36%
Country Average 19.5 CHf38.99
+113%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
CHf5.2B
/
Jan 2026
€591m
=
9.2
Current
CHf5.2B
/
Dec 2026
€753.9m
=
6.9
Forward
CHf5.2B
/
Dec 2027
€852m
=
6.1
Forward
CHf5.2B
/
Dec 2028
€923.1m
=
5.6
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CH
Adecco Group AG
LSE:0QNM
3.1B CHF 9.2 11
JP
Recruit Holdings Co Ltd
TSE:6098
10.3T JPY 17.7 24.7
NL
Randstad NV
AEX:RAND
4.3B EUR 11.3 15.7
CN
51job Inc
F:IWQ
3.9B EUR 39.9 49
US
Robert Half Inc
SWB:RHJ
3.9B EUR 53.6 34.3
PL
Benefit Systems SA
WSE:BFT
12.7B PLN 19.4 22.1
US
Korn Ferry
NYSE:KFY
3.4B USD 7.3 12.8
JP
Persol Holdings Co Ltd
TSE:2181
528B JPY 7.6 13.4
JP
TechnoPro Holdings Inc
TSE:6028
502.9B JPY 19.2 30.7
SG
Jinhai International Group Holdings Ltd
HKEX:2225
23.1B HKD -221.4 -221.7
US
Robert Half International Inc
NYSE:RHI
2.6B USD 26.9 19
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CH
A
Adecco Group AG
LSE:0QNM
Average EV/EBIT: 21.2
9.2
16%
0.6
JP
Recruit Holdings Co Ltd
TSE:6098
17.7
N/A N/A
NL
R
Randstad NV
AEX:RAND
11.3
17%
0.7
CN
5
51job Inc
F:IWQ
39.9
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
53.6
73%
0.7
PL
B
Benefit Systems SA
WSE:BFT
19.4
9%
2.2
US
Korn Ferry
NYSE:KFY
7.3
10%
0.7
JP
P
Persol Holdings Co Ltd
TSE:2181
7.6
N/A N/A
JP
TechnoPro Holdings Inc
TSE:6028
19.2
N/A N/A
SG
Jinhai International Group Holdings Ltd
HKEX:2225
Negative Multiple: -221.4 N/A N/A
US
Robert Half International Inc
NYSE:RHI
26.9
73%
0.4

Market Distribution

Lower than 86% of companies in Switzerland
Percentile
14th
Based on 894 companies
14th percentile
9.4
Low
0 — 13.5
Typical Range
13.5 — 25.3
High
25.3 —
Distribution Statistics
Switzerland
Min 0
30th Percentile 13.5
Median 19.5
70th Percentile 25.3
Max 855.5

Adecco Group AG
Glance View

In the bustling world of workforce solutions, Adecco Group AG stands as a pivotal player, orchestrating the delicate dance between talented individuals and the myriad needs of businesses across the globe. Headquartered in Zurich, Switzerland, this multinational enterprise has cemented its reputation by seamlessly connecting employers with job seekers, aligning aspirations with opportunities. Adecco's success lies in its dynamic approach, leveraging a rich portfolio of services that range from temporary staffing to permanent placement, outsourcing, and the magical realm of talent development and transition. Navigating through over 60 countries, the firm's commitment is evident in its robust network, harnessing local expertise while advocating for the highest standards of labor solutions. At the heart of Adecco's business model is its astute ability to capitalize on the fluidity of the labor market. The company thrives on the intricate demand for flexible workforce solutions, catering to businesses navigating the often volatile economic tides. By offering tailored services such as workforce management and recruitment process outsourcing, Adecco effectively becomes an indispensable strategic partner for its clients. Through these engagements, the group garners revenue by billing companies for the successful placement and short-to-long-term management of workforce needs. Meanwhile, job seekers benefit from the comprehensive support and career guidance provided, making Adecco not just a service provider, but a career catalyst. By harmonizing the varied interests of its stakeholders, Adecco Group AG perpetuates a cycle of growth fueled by the evolving world of work.

0QNM Intrinsic Value
56.19 CHF
Undervaluation 67%
Intrinsic Value
Price CHf18.33
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