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Adecco Group AG (AHEXF) Stock Analysis

Educational signal · not a buy or sell recommendation · How to read this

DELISTED

What happened to Adecco Group AG (AHEXF) stock?

Adecco Group AG (AHEXF) no longer trades on public markets. The figures below are historical and are not a current quote.

MCap: $2.99B| P/E Ratio: 14.43| 52-wk range: $17.25 – $30.20

P/E 14.43 means the share price is 14.43 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $2.99B is the value of all shares combined.

Data from FMP · Methodology

For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 15, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR

Adecco Group AG (AHEXF). Adecco Group AG is a global leader in human resource solutions, connecting businesses with talent across various industries. Market cap: $2.99B, Sector: Industrials.

Last analyzed: Mar 15, 2026
Adecco Group AG is a global leader in human resource solutions, connecting businesses with talent across various industries. The company offers a comprehensive suite of services, including flexible staffing, permanent placement, and career transition.

Analyst Coverage for AHEXF: AHEXF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates AHEXF against Industrials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.

Watch the AHEXF film Every key number, told as a short cinematic story — just press play. ~2 min

These figures come from statements filed 12 months ago — the most recent this company has published.

Council Score · Weighted Average of 3 Disciplines
Bullish Lean 67/100 · B+

AHEXF: 2/2 scored disciplines lean bullish. Dominant signal: Seth Klarman bullish.

How is this calculated? →
Legends Council · 5 Legends + Moon AI

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated)Ray Dalio
Favorable read
Englander-style lens (simulated)Izzy Englander
Favorable read
Klarman-style lens (simulated)Seth Klarman
Favorable read
Moon AI lens (model)
Neutral read
Munger's Mindset · Balance Sheet & Valuation
Financial Health
Neutral
Margin of Safety
Undervalued
Council Score · Weighted Average of 3 Disciplines · See tabs for details →
The lenses are modelled on the published principles of the investors named. We are not affiliated with them, they have not endorsed this, and it is not their opinion of this stock.

Adecco Group AG (AHEXF) Industrial Operations Profile

CEODenis Machuel
Employees34,000
HeadquartersZurich, CH
IPO Year2011

Adecco Group AG is a global leader in human resource solutions, providing flexible staffing, permanent placement, and outsourcing services. With operations in 59 countries, Adecco connects businesses with skilled talent across diverse industries, leveraging its extensive network and specialized brands to address evolving workforce needs and talent gaps.

Data Provenance | Financial Data Quantitative Analysis Analysis: Mar 15, 2026

What Is the Investment Thesis for AHEXF?

AI-written as of Mar 15, 2026 — figures and tone reflect the data available then, not today's score.

Adecco Group AG presents a notable research candidate due to its leading position in the global human resource solutions market. The company's diverse service offerings, extensive geographic reach, and strong brand portfolio provide a solid foundation for growth. With a current P/E ratio of 14.43 and a dividend yield of 4.95%, Adecco offers attractive value to investors. Key growth catalysts include the increasing demand for flexible staffing solutions, the growing need for upskilling and reskilling programs, and the expansion of digital staffing services. However, investors should also consider potential risks, such as economic downturns and increased competition.

Based on FMP financials and quantitative analysis

AHEXF Key Highlights

AI-written as of Mar 15, 2026 — figures and tone reflect the data available then, not today's score.

Market capitalization of $2.99B reflects Adecco's significant presence in the global staffing industry.

  • P/E ratio of 14.43 suggests that the company is reasonably valued compared to its earnings.
  • Dividend yield of 4.95% provides an attractive income stream for investors.
  • Gross margin of 19.1% indicates the company's ability to generate profit from its services.
  • Presence in 59 countries and territories demonstrates Adecco's global reach and diversification.

Who Are AHEXF's Competitors?

AHEXF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

Company Price Change Market Cap MoonshotScore
ARCAY Arcadis N.V. $50.00 0.00% $4.26B 399-signal
BDVSF The Bidvest Group Limited $13.15 0.00% $4.47B
BRTHF Brother Industries, Ltd. $29.64 0.00% $7.38B 569-signal
ESYJY easyJet plc $8.98 -0.44% $6.74B
FUWAY Furukawa Electric Co., Ltd. $13.09 -0.98% $18.5B 499-signal
TNET TriNet Group, Inc. $66.21 -0.72% $3.04B 875-pillar
MAN ManpowerGroup Inc. $56.20 -1.44% $2.61B 685-pillar
RHI Robert Half International Inc. $37.65 +0.61% $3.85B 665-pillar

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.

What Are AHEXF's Key Strengths?

Global presence and extensive network.

  • Diverse service offerings.
  • Strong brand reputation.
  • Experienced management team.

What Are AHEXF's Weaknesses?

Exposure to economic cycles.

  • Dependence on key markets.
  • Competition from other staffing firms.
  • Potential for labor disputes.

What Could Drive AHEXF Stock Higher?

Increased demand for flexible staffing solutions due to evolving workforce needs.

  • Expansion of digital staffing services and online platforms.
  • Potential acquisitions to expand service offerings and market reach.
  • Growth in emerging markets with increasing demand for HR solutions.
  • Focus on upskilling and reskilling programs to address talent gaps.

What Are the Key Risks for AHEXF?

Economic downturns impacting demand for staffing services.

  • Increased competition from other staffing firms and online platforms.
  • Changes in labor laws and regulations.
  • Technological disruptions and automation reducing the need for human labor.
  • Limited liquidity due to OTC market trading.

What Are the Growth Opportunities for AHEXF?

  • Expansion of Digital Staffing Services: Adecco can capitalize on the growing demand for digital staffing solutions by further developing its online platforms and leveraging data analytics to improve candidate matching and placement efficiency. The global digital staffing market is projected to reach $100 billion by 2028, offering significant growth potential for Adecco.
  • Upskilling and Reskilling Programs: With the rapid pace of technological change, there is an increasing need for upskilling and reskilling programs to help workers adapt to new job requirements. Adecco can expand its training and development offerings to meet this demand, providing valuable services to both businesses and individuals. The global corporate training market is estimated to be worth $400 billion annually.
  • Strategic Acquisitions: Adecco can pursue strategic acquisitions to expand its service offerings, enter new markets, or consolidate its position in existing markets. Acquisitions can provide access to new technologies, talent pools, and customer relationships, accelerating Adecco's growth and enhancing its competitive advantage. Focus on acquiring companies specializing in high-growth sectors such as technology and healthcare.
  • Penetration of Emerging Markets: Adecco can expand its presence in emerging markets, such as Asia Pacific and South America, where there is a growing demand for human resource solutions. These markets offer significant growth potential due to their large populations, expanding economies, and increasing adoption of flexible staffing models. Tailoring services to meet the specific needs of local markets will be crucial.
  • Focus on Specialized Talent Solutions: Adecco can further develop its specialized talent solutions, catering to specific industries and skill sets. By focusing on niche markets, such as technology, healthcare, and finance, Adecco can differentiate itself from competitors and command premium pricing. This strategy requires investing in specialized recruiters and developing deep industry expertise.

What Are AHEXF's Competitive Advantages?

  • Global network of branches and recruiters.
  • Strong brand reputation and recognition.
  • Diverse service offerings catering to various HR needs.
  • Extensive database of candidates and job opportunities.

What Does AHEXF Do?

Founded in 1957 and headquartered in Zurich, Switzerland, Adecco Group AG has evolved into a global leader in human resource solutions. The company provides a comprehensive suite of services, including flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, technology consulting and talent, tech academy, digital staffing services, and talent advisory and solutions. These services are offered under various brands, including Adecco, Adia, General Assembly, Badenoch + Clark, LHH, pontoon, Spring, Modis, and Hired. Adecco operates approximately 4,300 branches across 59 countries and territories, serving businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. The company's solutions cater to a wide range of industries, connecting businesses with skilled talent and helping individuals advance their careers. Adecco's commitment to innovation and technology is evident in its digital staffing services and talent recruitment platform, Hired, which leverages data and analytics to optimize the matching of candidates with job opportunities. Adecco's history includes the merger of Adia and Ecco in 1996, creating a global powerhouse in the staffing industry. The company continues to adapt to the changing needs of the workforce, focusing on providing flexible and customized solutions that help businesses thrive in a competitive environment.

What Products and Services Does AHEXF Offer?

  • Provides flexible placement services to businesses.
  • Offers permanent placement solutions for organizations seeking long-term employees.
  • Delivers outsourcing services to manage specific business functions.
  • Provides training, upskilling, and reskilling programs to enhance workforce capabilities.
  • Offers career transition and workforce transformation services.
  • Provides technology consulting and talent solutions.
  • Operates a talent recruitment platform called Hired.
  • Offers digital staffing services.

How Does AHEXF Make Money?

  • Generates revenue by providing staffing and recruitment services to businesses.
  • Earns fees for placing candidates in temporary or permanent positions.
  • Provides outsourcing services on a contract basis.
  • Offers training and development programs for a fee.

What Industry Does AHEXF Operate In?

Adecco Group AG operates in the global staffing and employment services industry, which is characterized by increasing demand for flexible workforce solutions and specialized talent. The industry is influenced by factors such as economic growth, technological advancements, and changing demographics. The competitive landscape includes global players like Adecco, as well as regional and niche providers. Adecco's extensive network, diverse service offerings, and strong brand reputation position it well to capitalize on the growing demand for human resource solutions.

Who Are AHEXF's Key Customers?

  • Businesses of all sizes across various industries.
  • Organizations seeking flexible staffing solutions.
  • Companies looking for permanent employees.
  • Individuals seeking career advancement opportunities.
Model self-rating on this text: 73% (not a measure of the evidence) Updated: Mar 15, 2026

Research confidence

Low 37/100

Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.

  • Scoring coverage unknown
  • Price 5 days old
  • Latest filing 73 days ago
  • No analyst coverage
  • Reported in EUR, converted to USD

MoonshotScore History

Recorded daily since 2026-08-23 · 4 snapshots

2026-08-23 45
2026-08-24 45
2026-08-25 45
2026-08-26 45

What changed?

The score has stayed at 45.

Over the same 3 days the stock moved +0.0%.

8/8 beats

Earnings Track Record

Adecco Group AG has beaten Wall Street's EPS estimate in 8 of its last 8 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 31.7% above estimates on average.

F-Score 7/9

Financial Health

Adecco Group AG's Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 2.64 places it in the grey zone, a middle ground that warrants monitoring.

ROE 9%

Key Financial Metrics

Return on equity for Adecco Group AG stands at 9.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.5%, showing how much profit it generates from its asset base. AHEXF trades at a trailing price-to-earnings ratio of 14.43, below the Industrials sector average of ~28.00x. Its free cash flow yield is 14.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.06 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 9.9%, the inverse of the P/E and a quick read on earnings relative to price.

Adecco Group AG (AHEXF) Valuation Context

Valued at $2.99B, AHEXF is classified as a mid-cap stock.

AHEXF Revenue & Earnings Trend

In Q2 FY2026, AHEXF generated $6.92B in top-line revenue, marking a sequential increase of 5.7%. The company recorded net income of $54.2M, with diluted EPS of $0.32. Quarter-over-quarter revenue has been mixed, typical for a mid-cap company operating in Industrials. Across the four most recent quarters, AHEXF averaged $0.50 in diluted EPS.

Company Profile

Adecco Group AG operates in the Staffing & Employment Services industry within the Industrials sector. It is headquartered in Zurich, CH. The company is led by CEO Denis Machuel. AHEXF has traded publicly since 2011.

AHEXF Financials

Fundamental Snapshot

Revenue Growth (FY)
-0.2%
Net Income Growth (FY)
-2.7%
EPS Growth (FY)
-2.8%
Free Cash Flow Growth (FY)
-13.7%
P/E (TTM)
14.43
Return on Equity (TTM)
+9.1%
Current Ratio
1.1
EV/EBITDA (TTM)
8.2

Based on FMP financials and quantitative analysis · FY 2025

Bull Case vs Bear Case

Bull Case

  • Global presence and extensive network.
  • Diverse service offerings.
  • Strong brand reputation.
  • Experienced management team.

Bear Case

  • Exposure to economic cycles.
  • Dependence on key markets.
  • Competition from other staffing firms.
  • Potential for labor disputes.

AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026

Recent Quarterly Results

Quarter Revenue Net Income EPS
Q2 FY2026 $6.92B $54M $0.32
Q1 FY2026 $6.54B $80M $0.47
Q4 FY2025 $6.91B $102M $0.60
Q3 FY2025 $6.70B $103M $0.61

Q2 FY2026 · filed 30 Jun 2026 · Financial Modeling Prep

Based on FMP financials and quantitative analysis · Converted to USD from EUR at today's rate

AHEXF Latest News

Leadership: Denis Machuel

CEO

Denis Machuel is the CEO of Adecco Group AG. He has a strong background in business and management, with extensive experience in leading global organizations. Prior to joining Adecco, Machuel held various leadership positions at Sodexo, a global food services and facilities management company. He has a proven track record of driving growth, improving operational efficiency, and fostering a culture of innovation.

Track Record: Since becoming CEO, Denis Machuel has focused on transforming Adecco into a more agile and customer-centric organization. He has overseen the implementation of new technologies and digital solutions to enhance the company's service offerings and improve the candidate and client experience. Machuel has also emphasized the importance of sustainability and social responsibility, aligning Adecco's business practices with environmental and ethical principles.

AHEXF OTC Market Information

The OTC Other tier represents the lowest tier of the OTC market, indicating that AHEXF (Adecco Group AG) may not meet the minimum financial or disclosure requirements for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial reporting, making it more difficult for investors to assess their financial health and performance compared to companies listed on major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks due to the lack of regulatory oversight and transparency.

  • OTC Tier: OTC Other
Liquidity: Liquidity for AHEXF on the OTC market is likely limited, potentially resulting in wider bid-ask spreads and difficulty in executing large trades without significantly impacting the price. Investors may experience longer wait times to buy or sell shares, and the overall trading volume may be low compared to stocks listed on major exchanges. This lack of liquidity can increase the risk of price volatility and make it challenging to exit positions quickly.
OTC Risk Factors:
  • Limited financial disclosure increases the difficulty of assessing the company's financial health.
  • Lower trading volume can lead to price volatility and difficulty in executing trades.
  • Less regulatory oversight compared to major exchanges increases the risk of fraud or mismanagement.
  • OTC Other stocks may be subject to delisting or trading suspensions.
  • Limited analyst coverage and investor interest can impact stock price performance.
Due Diligence Checklist:
  • Verify the company's financial statements and SEC filings (if available).
  • Research the company's management team and their track record.
  • Assess the company's business model and competitive landscape.
  • Review any available news articles or press releases about the company.
  • Check the company's website and social media presence.
  • Consult with a financial advisor before investing.
  • Understand the risks associated with investing in OTC stocks.
Legitimacy Signals:
  • Adecco Group AG is a well-established company with a long operating history.
  • The company has a global presence and serves a diverse range of clients.
  • Adecco is a recognized leader in the human resource solutions industry.
  • The company has a strong brand reputation.
  • Adecco's financial performance, while impacted by economic cycles, has generally been stable.

Common Questions About AHEXF (Industrials)

What happened to Adecco Group AG (AHEXF) stock?

Adecco Group AG (AHEXF) no longer trades on public markets. The figures below are historical and are not a current quote.

Can I still buy AHEXF shares?

No. AHEXF stopped trading on public markets, so the shares are not available through a broker. Anything you see quoted for AHEXF elsewhere is historical data, not a live market.

Are the figures on this page current?

No. Every number here is the last value recorded before AHEXF stopped trading. Nothing on this page updates, and none of it is a current quote.

Why does this page still exist?

Because people still search for what happened to Adecco Group AG. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.

What does Adecco Group AG do?

Adecco Group AG is a global leader in human resource solutions, providing a comprehensive suite of services to businesses and organizations.

What do analysts say about AHEXF stock?

Analyst coverage of AHEXF (Adecco Group AG) may be limited due to its OTC listing. However, analysts generally view Adecco as a well-established player in the global staffing industry with a strong brand reputation. Key valuation metrics to consider include the company's P/E ratio, dividend yield, and revenue growth.

What are the main risks for AHEXF?

The main risks for AHEXF (Adecco Group AG) include economic downturns, which can significantly impact the demand for staffing services. Increased competition from other staffing firms and online platforms also poses a threat.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources

Analysis updated
Data Sources & Methodology
Market data powered by Financial Modeling Prep & Yahoo Finance. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

Analysis Notes
  • OTC data may be less reliable than exchange-listed data.
  • Analyst coverage may be limited due to OTC listing.
Data Sources
Financial Modeling Prep (FMP)Stock Expert AI proprietary analysis

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