Adecco Group AG Class N (ADEN) Fair Value & Analysis
Industrials · CH · Market cap CHF 3.5B · ISIN CH0012138605
What is Adecco Group AG Class N really worth?
A solid business, currently priced close to our fair value of CHF 24.15.
Strengths
Risks
Fair value as of: Sep 1, 2026
From 24 valuation models · updated 4 days ago
Fair value updated Sep 1, 2026, revised from CHF 24.08 to CHF 24.15 (+0.3%) since Aug 27, 2026. Share price +3.2% over the past month.
What runs behind every stock
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What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (CHF 15.50 to CHF 38.89) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.
How to read this chart
60‑month range CHF 14.86 – CHF 51.42 · fair‑value band CHF 15.50 – CHF 38.89 · the CHF 24.16 price screens above the CHF 24.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 1, 2026.
Analysis
Adecco Group AG Class N (ADEN) currently trades at CHF 24.16, while our model-based Fair Value estimate is CHF 24.15, implying the stock looks roughly 0.0% fairly valued today. The Quality Score stands at 62/100 (solid quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of CHF 28.93 per share, and 14 of the 24 models we run sit above the CHF 24.16 price. Bear case: the Earnings-Based group reads lowest at CHF 11.80, and 10 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Adecco Group AG Class N generated revenue of CHF 23.2B at a net margin of 1.3%. Revenue grew 1.5% year over year. It earns a return on equity of 8.6%. Net debt stands at CHF 3.1B. Fundamentals as of Sep 1, 2026
Our scenario range runs from CHF 15.50 (bear case) to CHF 38.89 (bull case); at CHF 24.16, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 66% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 22% fair-value upside, at 0%, ADEN screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly CHF 1.19 per share, which is 4.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Multiples (CHF 28.93) versus Earnings-Based (CHF 11.80). Highest evidence: FCF DCF (79).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 61
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, the Asia Pacific, South America, and North Africa.
Full company description
Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, the Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, career transition and mobility, outsourcing, engineering consulting, digital and IT, talent advisory, coaching, training, up-skilling and re-skilling, and other services under the Adecco, Akkodis, Ajilon, General Assembly, LHH, Pontoon, Spring, UK&I, Badenoch & Clark, Office Angels, Penna, Roevin, Adia, Ezra, and Modis brand names. The company was formerly known as Adecco S.A. Adecco Group AG was founded in 1957 and is based in Zurich, Switzerland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Adecco Group AG Class N reported revenue of €23.2B in FY2025 versus €20.9B in FY2021, a compound +2.6%/yr. Reported net income was €295M in FY2025, compounding −15.8%/yr from FY2021.
of which total revenue +0.9 % · buybacks/dilution +0.3 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- What Does Adecco Group (SWX:ADEN) Winning An HR Tech Award Signal?
- Adecco Group AG (AHEXY) (Q2 2026) Earnings Call Highlights: Strong Revenue Growth and AI-Driven ...
- AI is redesigning work: Adecco Group whitepaper reveals the need for hybrid workforce orchestration
Peer Group
Staffing & Employment Services · 80 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Staffing & Employment Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Korn Ferry, KFY | $83.30 | $114.56 | +38% |
| Robert Half Inc RHI | $43.55 | $20.51 | −53% |
| TriNet Group TNET | $69.61 | $97.07 | +39% |
| ManpowerGroup Inc MAN | $61.19 | $23.19 | −62% |
| Insperity, Inc NSP | $51.40 | $17.34 | −66% |
| FESCO Group 600861 | ¥13.02 | ¥45.46 | +249% |
| Grupa Pracuj S.A GPP | 53.50 PLN | 65.45 PLN | +22% |
| Barrett Business Services, Inc BBSI | $32.95 | $38.11 | +16% |
| Maharah for Human Resources Company 1831 | 4.68 SAR | 6.87 SAR | +47% |
| Kforce Inc KFRC | $57.71 | $31.40 | −46% |
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