SThree PLC
LSE:STEM

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SThree PLC Logo
SThree PLC
LSE:STEM
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Price: 157.8 GBX 1.68%
Market Cap: £199.3m

EV/EBITDA

3.7
Current
21%
Cheaper
vs 3-y average of 4.6

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

EV/EBITDA
3.7
=
Enterprise Value
GBX155.1m
/
EBITDA
£45.9m

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

EV/EBITDA
3.7
=
Enterprise Value
GBX155.1m
/
EBITDA
£45.9m

Valuation Scenarios

SThree PLC is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (4.6), the stock would be worth GBX198.66 (26% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-100%
Maximum Upside
+31%
Average Downside
36%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 3.7 GBX157.8
0%
3-Year Average 4.6 GBX198.66
+26%
5-Year Average 4.8 GBX206.73
+31%
Industry Average 0 GBX0.59
-100%
Country Average 0 GBX0.84
-99%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
GBX155.1m
/
Dec 2025
£45.9m
=
3.7
Current
GBX155.1m
/
Dec 2026
£28.5m
=
5.4
Forward
GBX155.1m
/
Dec 2027
£43.7m
=
3.5
Forward
GBX155.1m
/
Dec 2028
£55.8m
=
2.8
Forward

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

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
UK
SThree PLC
LSE:STEM
198.4m GBP 3.7 11.4
JP
Recruit Holdings Co Ltd
TSE:6098
11T JPY 16.1 26.6
NL
Randstad NV
AEX:RAND
4.3B EUR 6.2 14.6
CN
51job Inc
F:IWQ
3.9B EUR 39.1 49
US
Robert Half Inc
SWB:RHJ
3.5B EUR 28.4 30.9
CH
Adecco Group AG
SIX:ADEN
3.2B CHF 7 11.8
PL
Benefit Systems SA
WSE:BFT
12.8B PLN 11.6 22.4
US
Korn Ferry
NYSE:KFY
3.4B USD 5.9 12.9
JP
Persol Holdings Co Ltd
TSE:2181
535.2B JPY 5 13.6
JP
TechnoPro Holdings Inc
TSE:6028
502.9B JPY 17 30.7
US
Robert Half International Inc
NYSE:RHI
2.8B USD 17.9 20.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
SThree PLC
LSE:STEM
Average EV/EBITDA: 14.4
3.7
7%
0.5
JP
Recruit Holdings Co Ltd
TSE:6098
16.1
14%
1.2
NL
R
Randstad NV
AEX:RAND
6.2
9%
0.7
CN
5
51job Inc
F:IWQ
39.1
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
28.4
53%
0.5
CH
A
Adecco Group AG
SIX:ADEN
7
12%
0.6
PL
B
Benefit Systems SA
WSE:BFT
11.6
23%
0.5
US
Korn Ferry
NYSE:KFY
5.9
9%
0.7
JP
P
Persol Holdings Co Ltd
TSE:2181
5
7%
0.7
JP
TechnoPro Holdings Inc
TSE:6028
17
12%
1.4
US
Robert Half International Inc
NYSE:RHI
17.9
53%
0.3

Market Distribution

Higher than 92% of companies in United Kingdom
Percentile
92st
Based on 1 967 companies
92st percentile
3.7
Low
0 — 0
Typical Range
0 — 0
High
0 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0
Median 0
70th Percentile 0
Max 743.2

SThree PLC
Glance View

Market Cap
199.3m GBX
Industry
Professional Services

SThree Plc engages in the provision of permanent and contract specialist staffing services. The firm provides permanent and contract staff to sectors, including information and communication technology (ICT), banking and finance, life sciences, engineering and energy. The firm's recruitment brands include Computer Futures, Progressive Recruitment, Huxley and Real Staffing. The Company’s other brands include Global Enterprise Partners, JP Gray, Madison Black, Newington International and Orgtel. The firm's markets include Germany, the Netherlands, the United States, the United Kingdom and Japan. The firm delivers contract, permanent, projects, retained and executive search recruitment solutions.

STEM Intrinsic Value
235.92 GBX
Undervaluation 33%
Intrinsic Value
Price GBX157.8
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