3 models fit Kelly Services Inc. Class A Common Stock and they disagree: 0 of 3 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Silver73
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Dividend discount.
ACCE opinionKelly Services Inc. Class A Common Stock (KELYA)
Fair value (3 models)
$18.41
ACCE price target
$16.10
Rating
Fairly valued
Horizon
12 months
Fair value published on 18 Oct 2026, 15:06 CEST; previously $19.24 since 14 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $16.79 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and Dividend discount.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
8.8% below
+9.7% to fair value
ACCE score
53
out of 100
Analysts
67% buy
3 covering
1-year return
+33.5%
Dividend yield
1.81%
Kelly Services Inc. Class A Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Kelly Services runs a staffing business that places temporary and contract workers, mainly in professional and office support, plus a managed services unit that runs outsourced talent programmes for large employers. The honest case for a deeper look is valuation and the balance sheet's turnaround potential, since the operating picture is weak: revenue is shrinking 5.8%, operating margin is just 1.9% on a 19.7% gross margin, and ROE is negative at -24.3%. The forward P/E of 8.9 suggests the market expects earnings to recover from a depressed base, but that depends on demand for temporary labour stabilising, which the current top line does not yet show. A 51/100 score and no index membership mean the name sits outside most screens, so anyone looking here should be prepared to underwrite a cyclical recovery rather than a compounding franchise.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Earnings down sharply
Earnings fell 40.4% year over year while revenue dropped 5.8%. Net margin is -6.7% and ROE is -24.3%, so the business is currently losing money on a net basis.
moderate
Shrinking top line
Revenue has declined 5.8% year over year with a 5-year revenue CAGR of -1.2%, so growth has been negative for an extended period rather than a one-off dip.
moderate
Score down 11 points
The ACCE score fell from 62 to 51 over 90 days, with the quality component at 35 and growth at 7, pulling the overall rating down.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Shares trade at 8.9x forward earnings against a sector median of 23.6x, a steep discount for a company that still throws off cash.
Free cash flow over the last 12 months reached $114M, and the free cash flow yield stands at 21.6%.
Why it could disappoint
Revenue fell 5.8% year over year and has shrunk on average by 1.2% a year over the past five years.
Net margin of -6.7% and return on equity of -24.3% show the business is losing money on what it earns.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
Walk me through this stock
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Valuation
INVESTOR
Where KELYA's valuation models land
Price
$16.79
Model fair value
$18.41
Model range
$4.40 to $36.26
Fair value $18.41
Price $16.79
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores