Robert Half (RHI): Rethinking Valuation as New Worker Mobility Survey Signals Shifting Labor Market Dynamics

Fresh survey data from Robert Half (RHI) shows 38% of employed U.S. workers plan to look for a new job in early 2026, up sharply from mid 2025 and last year.

See our latest analysis for Robert Half.

The survey headlines are landing at a tricky moment for the stock, with the share price at $27.66 after a steep year to date share price return of -59.63 percent and a one year total shareholder return of -61.4 percent. This suggests sentiment has weakened even as management highlights growth opportunities and fresh accolades for corporate responsibility.

If this shift in worker mobility has you rethinking where you want exposure, it could be worth exploring fast growing stocks with high insider ownership as a way to spot the next set of leaders.

With the shares trading at a steep discount to recent history yet still only modestly below analyst targets, the key question now is whether Robert Half is genuinely undervalued or if the market is already discounting future growth.

Most Popular Narrative Narrative: 14.7% Undervalued

With Robert Half closing at $27.66 against a narrative fair value near $32.44, the valuation case hinges on a measured, fundamentals led recovery path.

Analysts expect earnings to reach $313.2 million (and earnings per share of $3.04) by about September 2028, up from $178.1 million today. However, there is some disagreement amongst the analysts with the more bearish ones expecting earnings as low as $276.5 million.

Read the complete narrative.

Curious how modest revenue growth, improving profit margins, and a higher future earnings multiple combine to justify that upside gap? Want to see the full playbook driving this valuation narrative?

Result: Fair Value of $32.44 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent revenue declines and rising operating costs could delay any recovery, which may limit margin expansion and force analysts to trim expectations further.

Find out about the key risks to this Robert Half narrative.

Build Your Own Robert Half Narrative

If you see the story differently or want to dig into the numbers yourself, you can build a personalised view in just minutes using Do it your way.

A great starting point for your Robert Half research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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