Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
PageGroup plc is a British multinational recruitment business specializing in permanent, contract, and temporary staffing solutions for clerical professionals, qualified professionals, and executives across diverse disciplines. Headquartered in Weybridge, Surrey, the company operates through five key brands: Michael Page, Page Executive, Page Personnel, Page Outsourcing, and Page Contracting, serving clients in 36 countries worldwide. Founded in 1976 by Michael Page and Bill McGregor, it initially focused on placing accountants in the UK before expanding internationally, listing on the London Stock Exchange in 1988, and rebranding from Michael Page International to PageGroup in 2012. As a FTSE 250 constituent, PageGroup plays a vital role in the global employment services sector, with accountancy recruitment comprising 40% of its revenue as of August 2025. Employing around 5,163 people, it supports industries including banking, financial services, construction, digital, consultancy, and life sciences, facilitating career opportunities and specialist expertise for businesses and professionals alike.
£1.16
+£0.03 (+2.30%)
EOD Jul 3, 2026
Operating margin is thin at 1.31%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 8.2% YoY. The question is whether this is cyclical or a structural shift.
At 40x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 66% versus the prior year, cash generation momentum has weakened.
39.9x earnings, 9.7x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£1.60B
▼ -8.2% YoY
Net Income (TTM)
£9M
▼ -68.3% YoY
Op. Margin
1.31%
▼ -1.7pp YoY
ROIC
3.11%
▼ -4.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£37M
▼ -65.7% YoY
Op. Cash Flow (TTM)
£43M
▼ -64.7% YoY
Net Debt
£101M
Cash & Equiv.
£31M
3Y CAGR: -7.1%
3Y CAGR: -37.6%
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At a P/E of 39.9 and a price-to-free-cash-flow of 9.7, PageGroup (PAGE.XLON) trades below a two-stage DCF intrinsic value of about £1.74 per share, so at £1.16 the stock looks undervalued (50.2% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, PageGroup scores 27/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 14.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £1.74 per share for PAGE.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £1.30. At today's £1.16, that puts the stock about 50.2% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
PageGroup scores 27 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 1.3% operating margin and a 3.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, PageGroup pays a regular dividend of about £0.17 per share per year (typically in quarterly installments), a yield of roughly 14.8% at the current price. That is a payout ratio of about 594.1% of earnings, so the dividend is stretched at this level. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For PAGE.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. PAGE.XLON currently trades below its estimated intrinsic value and scores 27/100 on quality (lower-quality). It also yields about 14.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.