Adecco Group AG

SWX:ADEN Stock Report

Market Cap: CHF 3.2b

Adecco Group Valuation

Is ADEN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of ADEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ADEN (CHF18.92) is trading below our estimate of future cash flow value (CHF46.9)

Significantly Below Future Cash Flow Value: ADEN is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ADEN?

Key metric: As ADEN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ADEN. This is calculated by dividing ADEN's market cap by their current earnings.
What is ADEN's PE Ratio?
PE Ratio11.7x
Earnings€295.00m
Market Cap€3.45b

Price to Earnings Ratio vs Peers

How does ADEN's PE Ratio compare to its peers?

The above table shows the PE ratio for ADEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
SGSN SGS
24.3x8.38%CHF 16.2b
KFY Korn Ferry
12.4x11.62%US$3.3b
RAND Randstad
13.5x14.91%€3.9b
2181 Persol HoldingsLtd
13.5x12.92%JP¥528.0b
ADEN Adecco Group
11.7x13.98%CHF 3.2b

Price-To-Earnings vs Peers: ADEN is good value based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (15.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ADEN's PE Ratio compare vs other companies in the European Professional Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ADEN 11.7xIndustry Avg. 16.7xNo. of Companies15PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ADEN is good value based on its Price-To-Earnings Ratio (11.7x) compared to the European Professional Services industry average (16.7x).

Price to Earnings Ratio vs Fair Ratio

What is ADEN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ADEN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.7x
Fair PE Ratio18.9x

Price-To-Earnings vs Fair Ratio: ADEN is good value based on its Price-To-Earnings Ratio (11.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ADEN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 18.92
CHF 25.07
+32.52%
22.80%CHF 36.73CHF 16.18n/a17
Mar ’27CHF 21.56
CHF 26.44
+22.66%
25.07%CHF 41.52CHF 18.52n/a17
Feb ’27CHF 22.62
CHF 26.29
+16.23%
24.73%CHF 41.88CHF 18.68n/a17
Jan ’27CHF 23.12
CHF 26.49
+14.56%
24.11%CHF 42.84CHF 19.03n/a16
Dec ’26CHF 22.50
CHF 27.01
+20.06%
23.42%CHF 42.90CHF 19.04n/a16
Nov ’26CHF 22.42
CHF 26.54
+18.37%
23.01%CHF 42.67CHF 18.93n/a16
Oct ’26CHF 23.12
CHF 26.74
+15.64%
23.11%CHF 42.95CHF 19.07n/a16
Sep ’26CHF 25.60
CHF 26.43
+3.24%
24.81%CHF 43.06CHF 18.72n/a16
Aug ’26CHF 25.74
CHF 25.47
-1.04%
24.57%CHF 40.76CHF 18.44n/a16
Jul ’26CHF 23.84
CHF 25.55
+7.18%
25.31%CHF 41.66CHF 18.54n/a16
Jun ’26CHF 23.00
CHF 26.10
+13.47%
25.42%CHF 41.57CHF 18.51n/a15
May ’26CHF 21.42
CHF 26.80
+25.10%
26.60%CHF 41.27CHF 18.62n/a15
Apr ’26CHF 27.02
CHF 28.25
+4.57%
26.07%CHF 41.97CHF 19.28CHF 19.0015
Mar ’26CHF 24.34
CHF 26.45
+8.68%
22.16%CHF 37.02CHF 18.93CHF 21.5615
Feb ’26CHF 21.82
CHF 27.52
+26.11%
24.20%CHF 36.92CHF 19.09CHF 22.6215
Jan ’26CHF 22.36
CHF 29.82
+33.36%
16.74%CHF 36.74CHF 21.29CHF 23.1215
Dec ’25CHF 23.50
CHF 31.00
+31.91%
14.81%CHF 36.87CHF 24.38CHF 22.5014
Nov ’25CHF 27.10
CHF 33.69
+24.32%
15.97%CHF 41.05CHF 24.87CHF 22.4214
Oct ’25CHF 28.06
CHF 34.67
+23.55%
15.55%CHF 43.66CHF 24.80CHF 23.1214
Sep ’25CHF 28.84
CHF 35.64
+23.58%
15.98%CHF 44.62CHF 25.35CHF 25.6014
Aug ’25CHF 29.96
CHF 37.23
+24.26%
15.87%CHF 46.55CHF 27.04CHF 25.7414
Jul ’25CHF 30.14
CHF 37.82
+25.48%
14.76%CHF 46.32CHF 30.01CHF 23.8414
Jun ’25CHF 34.14
CHF 38.34
+12.31%
14.42%CHF 47.13CHF 30.54CHF 23.0014
May ’25CHF 32.24
CHF 38.68
+19.99%
14.31%CHF 47.07CHF 30.50CHF 21.4214
Apr ’25CHF 35.66
CHF 38.66
+8.41%
13.78%CHF 46.83CHF 30.31CHF 27.0213
CHF 25.07
Fair Value
24.5% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/06 19:13
End of Day Share Price 2026/04/02 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Adecco Group AG is covered by 30 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gerhard SchwarzBaader Helvea Equity Research
James Rowland ClarkBarclays
Paul Daniel SullivanBarclays