KELLY SERVICES INC -CL B (KELYB) Fundamental Analysis & Valuation

NASDAQ:KELYB • US4881523074

13.565 USD
+0.03 (+0.18%)
Last: Mar 11, 2026, 08:07 PM

This KELYB fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

KELYB gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 87 industry peers in the Professional Services industry. KELYB has a great financial health rating, but its profitability evaluates not so good. KELYB has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. KELYB Profitability Analysis

1.1 Basic Checks

  • KELYB had positive earnings in the past year.
  • KELYB had a positive operating cash flow in the past year.
  • In multiple years KELYB reported negative net income over the last 5 years.
  • KELYB had a positive operating cash flow in 4 of the past 5 years.
KELYB Yearly Net Income VS EBIT VS OCF VS FCFKELYB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M

1.2 Ratios

  • KELYB has a Return On Assets of -11.29%. This is in the lower half of the industry: KELYB underperforms 74.71% of its industry peers.
  • With a Return On Equity value of -26.02%, KELYB is not doing good in the industry: 75.86% of the companies in the same industry are doing better.
  • KELYB has a Return On Invested Capital (3.09%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for KELYB is significantly below the industry average of 12.78%.
Industry RankSector Rank
ROA -11.29%
ROE -26.02%
ROIC 3.09%
ROA(3y)-3.31%
ROA(5y)-1.39%
ROE(3y)-7.74%
ROE(5y)-3.33%
ROIC(3y)3.15%
ROIC(5y)3.07%
KELYB Yearly ROA, ROE, ROICKELYB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • KELYB has a worse Operating Margin (1.31%) than 63.22% of its industry peers.
  • In the last couple of years the Operating Margin of KELYB has grown nicely.
  • KELYB has a Gross Margin of 20.07%. This is in the lower half of the industry: KELYB underperforms 73.56% of its industry peers.
  • In the last couple of years the Gross Margin of KELYB has grown nicely.
Industry RankSector Rank
OM 1.31%
PM (TTM) N/A
GM 20.07%
OM growth 3Y-2.35%
OM growth 5Y11.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.51%
GM growth 5Y1.83%
KELYB Yearly Profit, Operating, Gross MarginsKELYB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15 20

7

2. KELYB Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KELYB is destroying value.
  • The number of shares outstanding for KELYB has been reduced compared to 1 year ago.
  • The number of shares outstanding for KELYB has been reduced compared to 5 years ago.
  • Compared to 1 year ago, KELYB has an improved debt to assets ratio.
KELYB Yearly Shares OutstandingKELYB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
KELYB Yearly Total Debt VS Total AssetsKELYB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • KELYB has an Altman-Z score of 3.03. This indicates that KELYB is financially healthy and has little risk of bankruptcy at the moment.
  • KELYB has a better Altman-Z score (3.03) than 60.92% of its industry peers.
  • KELYB has a debt to FCF ratio of 0.89. This is a very positive value and a sign of high solvency as it would only need 0.89 years to pay back of all of its debts.
  • KELYB has a better Debt to FCF ratio (0.89) than 77.01% of its industry peers.
  • A Debt/Equity ratio of 0.10 indicates that KELYB is not too dependend on debt financing.
  • The Debt to Equity ratio of KELYB (0.10) is better than 64.37% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 0.89
Altman-Z 3.03
ROIC/WACC0.38
WACC8.04%
KELYB Yearly LT Debt VS Equity VS FCFKELYB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

2.3 Liquidity

  • KELYB has a Current Ratio of 1.54. This is a normal value and indicates that KELYB is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.54, KELYB perfoms like the industry average, outperforming 51.72% of the companies in the same industry.
  • KELYB has a Quick Ratio of 1.54. This is a normal value and indicates that KELYB is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of KELYB (1.54) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.54
Quick Ratio 1.54
KELYB Yearly Current Assets VS Current LiabilitesKELYB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

3

3. KELYB Growth Analysis

3.1 Past

  • The earnings per share for KELYB have decreased strongly by -44.78% in the last year.
  • KELYB shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.07% yearly.
  • Looking at the last year, KELYB shows a decrease in Revenue. The Revenue has decreased by -1.87% in the last year.
  • Measured over the past years, KELYB shows a decrease in Revenue. The Revenue has been decreasing by -1.20% on average per year.
EPS 1Y (TTM)-44.78%
EPS 3Y-1.77%
EPS 5Y-2.07%
EPS Q2Q%-80.49%
Revenue 1Y (TTM)-1.87%
Revenue growth 3Y-5.05%
Revenue growth 5Y-1.2%
Sales Q2Q%-11.91%

3.2 Future

  • KELYB is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.04% yearly.
  • Based on estimates for the next years, KELYB will show a small growth in Revenue. The Revenue will grow by 0.07% on average per year.
EPS Next Y-14.84%
EPS Next 2Y27.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.26%
Revenue Next 2Y0.07%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
KELYB Yearly Revenue VS EstimatesKELYB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B 4B 5B
KELYB Yearly EPS VS EstimatesKELYB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

6

4. KELYB Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.68 indicates a reasonable valuation of KELYB.
  • KELYB's Price/Earnings ratio is a bit cheaper when compared to the industry. KELYB is cheaper than 78.16% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.15. KELYB is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 12.54, KELYB is valued correctly.
  • Based on the Price/Forward Earnings ratio, KELYB is valued a bit cheaper than 67.82% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of KELYB to the average of the S&P500 Index (24.27), we can say KELYB is valued slightly cheaper.
Industry RankSector Rank
PE 10.68
Fwd PE 12.54
KELYB Price Earnings VS Forward Price EarningsKELYB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, KELYB is valued cheaply inside the industry as 88.51% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, KELYB is valued cheaper than 94.25% of the companies in the same industry.
Industry RankSector Rank
P/FCF 4.07
EV/EBITDA 5.43
KELYB Per share dataKELYB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • A more expensive valuation may be justified as KELYB's earnings are expected to grow with 27.04% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y27.04%
EPS Next 3YN/A

6

5. KELYB Dividend Analysis

5.1 Amount

  • KELYB has a Yearly Dividend Yield of 3.21%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.65, KELYB pays a better dividend. On top of this KELYB pays more dividend than 88.51% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, KELYB pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.21%

5.2 History

  • The dividend of KELYB has a limited annual growth rate of 0.84%.
  • KELYB has paid a dividend for at least 10 years, which is a reliable track record.
  • KELYB has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.84%
Div Incr Years0
Div Non Decr Years4
KELYB Yearly Dividends per shareKELYB Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3

5.3 Sustainability

  • KELYB has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • The dividend of KELYB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-4.33%
EPS Next 2Y27.04%
EPS Next 3YN/A
KELYB Yearly Income VS Free CF VS DividendKELYB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M

KELYB Fundamentals: All Metrics, Ratios and Statistics

KELLY SERVICES INC -CL B

NASDAQ:KELYB (3/11/2026, 8:07:36 PM)

13.565

+0.03 (+0.18%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)02-12
Earnings (Next)05-06
Inst Owners87.91%
Inst Owner Change-0.01%
Ins Owners3.84%
Ins Owner ChangeN/A
Market Cap464.06M
Revenue(TTM)4.25B
Net Income(TTM)-254.10M
Analysts83.64
Price Target23.73 (74.94%)
Short Float %0.04%
Short Ratio0.2
Dividend
Industry RankSector Rank
Dividend Yield 3.21%
Yearly Dividend0.32
Dividend Growth(5Y)0.84%
DP-4.33%
Div Incr Years0
Div Non Decr Years4
Ex-Date02-25
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-61.09%
Min EPS beat(2)-64.29%
Max EPS beat(2)-57.89%
EPS beat(4)0
Avg EPS beat(4)-38.47%
Min EPS beat(4)-64.29%
Max EPS beat(4)-3.8%
EPS beat(8)3
Avg EPS beat(8)-10.65%
EPS beat(12)6
Avg EPS beat(12)6.83%
EPS beat(16)7
Avg EPS beat(16)6%
Revenue beat(2)0
Avg Revenue beat(2)-4.09%
Min Revenue beat(2)-6.69%
Max Revenue beat(2)-1.48%
Revenue beat(4)0
Avg Revenue beat(4)-3.78%
Min Revenue beat(4)-6.69%
Max Revenue beat(4)-1.48%
Revenue beat(8)1
Avg Revenue beat(8)-3.19%
Revenue beat(12)1
Avg Revenue beat(12)-3.35%
Revenue beat(16)1
Avg Revenue beat(16)-3.44%
PT rev (1m)29.11%
PT rev (3m)31.52%
EPS NQ rev (1m)-82.54%
EPS NQ rev (3m)-82.54%
EPS NY rev (1m)-39.74%
EPS NY rev (3m)-39.74%
Revenue NQ rev (1m)-4.02%
Revenue NQ rev (3m)-4.02%
Revenue NY rev (1m)-3.11%
Revenue NY rev (3m)-3.11%
Valuation
Industry RankSector Rank
PE 10.68
Fwd PE 12.54
P/S 0.11
P/FCF 4.07
P/OCF 3.79
P/B 0.48
P/tB 0.85
EV/EBITDA 5.43
EPS(TTM)1.27
EY9.36%
EPS(NY)1.08
Fwd EY7.97%
FCF(TTM)3.34
FCFY24.59%
OCF(TTM)3.58
OCFY26.42%
SpS124.26
BVpS28.54
TBVpS16.02
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.56
Profitability
Industry RankSector Rank
ROA -11.29%
ROE -26.02%
ROCE 3.91%
ROIC 3.09%
ROICexc 3.16%
ROICexgc 4.56%
OM 1.31%
PM (TTM) N/A
GM 20.07%
FCFM 2.68%
ROA(3y)-3.31%
ROA(5y)-1.39%
ROE(3y)-7.74%
ROE(5y)-3.33%
ROIC(3y)3.15%
ROIC(5y)3.07%
ROICexc(3y)3.3%
ROICexc(5y)3.27%
ROICexgc(3y)4.59%
ROICexgc(5y)4.38%
ROCE(3y)3.99%
ROCE(5y)3.89%
ROICexgc growth 3Y-4.46%
ROICexgc growth 5Y17.55%
ROICexc growth 3Y-7.59%
ROICexc growth 5Y10.18%
OM growth 3Y-2.35%
OM growth 5Y11.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.51%
GM growth 5Y1.83%
F-Score5
Asset Turnover1.89
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 0.89
Debt/EBITDA 1.04
Cap/Depr 20.05%
Cap/Sales 0.2%
Interest Coverage 4.57
Cash Conversion 124.85%
Profit Quality N/A
Current Ratio 1.54
Quick Ratio 1.54
Altman-Z 3.03
F-Score5
WACC8.04%
ROIC/WACC0.38
Cap/Depr(3y)30.93%
Cap/Depr(5y)33.26%
Cap/Sales(3y)0.26%
Cap/Sales(5y)0.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-44.78%
EPS 3Y-1.77%
EPS 5Y-2.07%
EPS Q2Q%-80.49%
EPS Next Y-14.84%
EPS Next 2Y27.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.87%
Revenue growth 3Y-5.05%
Revenue growth 5Y-1.2%
Sales Q2Q%-11.91%
Revenue Next Year-4.26%
Revenue Next 2Y0.07%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-20.63%
EBIT growth 3Y-7.28%
EBIT growth 5Y9.9%
EBIT Next Year66.47%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y622.15%
FCF growth 3YN/A
FCF growth 5Y-7.72%
OCF growth 1Y355.76%
OCF growth 3YN/A
OCF growth 5Y-8%

KELLY SERVICES INC -CL B / KELYB FAQ

Can you provide the ChartMill fundamental rating for KELLY SERVICES INC -CL B?

ChartMill assigns a fundamental rating of 5 / 10 to KELYB.


Can you provide the valuation status for KELLY SERVICES INC -CL B?

ChartMill assigns a valuation rating of 6 / 10 to KELLY SERVICES INC -CL B (KELYB). This can be considered as Fairly Valued.


What is the profitability of KELYB stock?

KELLY SERVICES INC -CL B (KELYB) has a profitability rating of 3 / 10.


What are the PE and PB ratios of KELLY SERVICES INC -CL B (KELYB) stock?

The Price/Earnings (PE) ratio for KELLY SERVICES INC -CL B (KELYB) is 10.68 and the Price/Book (PB) ratio is 0.48.


What is the financial health of KELLY SERVICES INC -CL B (KELYB) stock?

The financial health rating of KELLY SERVICES INC -CL B (KELYB) is 7 / 10.