BBSI Valuation

Barrett Business Services Inc

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46.030

-0.66(-1.414%)1D

Overview
Forecast
Valuation
Earnings

BBSI Relative Valuation

BBSI's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, BBSI is overvalued; if below, it's undervalued.

Historical Valuation

Barrett Business Services Inc (BBSI) is now in the Overvalued zone, suggesting that its current forward PE ratio of 20.46 is considered Overvalued compared with the five-year average of 15.55. The fair price of Barrett Business Services Inc (BBSI) is between 31.36 to 40.72 according to relative valuation methord. Compared to the current price of 46.03 USD , Barrett Business Services Inc is Overvalued By 13.04%.

Relative Value

Fair Zone

31.36-40.72

Current Price：46.03

13.04%

Overvalued

20.46

Trailing

Forward

13.39

EV/EBITDA

Barrett Business Services Inc. (BBSI) has a current EV/EBITDA of 13.39. The 5-year average EV/EBITDA is 9.59. The thresholds are as follows: Strongly Undervalued below 4.98, Undervalued between 4.98 and 7.29, Fairly Valued between 11.90 and 7.29, Overvalued between 11.90 and 14.21, and Strongly Overvalued above 14.21. The current Forward EV/EBITDA of 13.39 falls within the Overvalued range.

15.87

EV/EBIT

Barrett Business Services Inc. (BBSI) has a current EV/EBIT of 15.87. The 5-year average EV/EBIT is 11.26. The thresholds are as follows: Strongly Undervalued below 6.41, Undervalued between 6.41 and 8.83, Fairly Valued between 13.69 and 8.83, Overvalued between 13.69 and 16.11, and Strongly Overvalued above 16.11. The current Forward EV/EBIT of 15.87 falls within the Overvalued range.

0.93

Barrett Business Services Inc. (BBSI) has a current PS of 0.93. The 5-year average PS is 0.63. The thresholds are as follows: Strongly Undervalued below 0.36, Undervalued between 0.36 and 0.49, Fairly Valued between 0.77 and 0.49, Overvalued between 0.77 and 0.91, and Strongly Overvalued above 0.91. The current Forward PS of 0.93 falls within the Strongly Overvalued range.

14.40

P/OCF

Barrett Business Services Inc. (BBSI) has a current P/OCF of 14.40. The 5-year average P/OCF is 12.67. The thresholds are as follows: Strongly Undervalued below -50.90, Undervalued between -50.90 and -19.11, Fairly Valued between 44.46 and -19.11, Overvalued between 44.46 and 76.24, and Strongly Overvalued above 76.24. The current Forward P/OCF of 14.40 falls within the Historic Trend Line -Fairly Valued range.

18.95

P/FCF

Barrett Business Services Inc. (BBSI) has a current P/FCF of 18.95. The 5-year average P/FCF is 17.86. The thresholds are as follows: Strongly Undervalued below -145.20, Undervalued between -145.20 and -63.67, Fairly Valued between 99.39 and -63.67, Overvalued between 99.39 and 180.92, and Strongly Overvalued above 180.92. The current Forward P/FCF of 18.95 falls within the Historic Trend Line -Fairly Valued range.

Barrett Business Services Inc (BBSI) has a current Price-to-Book (P/B) ratio of 5.20. Compared to its 3-year average P/B ratio of 4.14 , the current P/B ratio is approximately 25.43% higher. Relative to its 5-year average P/B ratio of 3.57, the current P/B ratio is about 45.53% higher. Barrett Business Services Inc (BBSI) has a Forward Free Cash Flow (FCF) yield of approximately -0.96%. Compared to its 3-year average FCF yield of 2.93%, the current FCF yield is approximately -132.88% lower. Relative to its 5-year average FCF yield of -0.62% , the current FCF yield is about 54.89% lower.

5.20

P/B

Median3y

4.14

Median5y

3.57

-0.96

FCF Yield

Median3y

2.93

Median5y

-0.62

Competitors Valuation Multiple

The average P/S ratio for BBSI's competitors is 0.96, providing a benchmark for relative valuation. Barrett Business Services Inc Corp (BBSI) exhibits a P/S ratio of 0.93, which is -3.41% above the industry average. Given its robust revenue growth of 10.01%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

BBSI.O

Barrett Business Services Inc

Heidrick & Struggles International Inc

AMN Healthcare Services Inc

Performance Decomposition

Market capitalization of BBSI increased by 26.08% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 19.65 to 22.71.

The secondary factor is the Revenue Growth, contributed 10.01%to the performance.

Overall, the performance of BBSI in the past 1 year is driven by P/E Change. Which is more unsustainable.

10.01%

279.65M → 307.66M

Revenue Growth

0.50%

5.97 → 6.00

Margin Expansion

15.57%

19.65 → 22.71

P/E Change

26.08%