Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price38.30 USD
Fair value35.17
Ethical score70.0/100
Our investment reviews on this name
2026-09-11Read Distribution44.54-14.0% to today ✓
2026-07-02Read Markup32.49+17.9% to today ✓
Our analytic regime reads on this name, dated and marked against today's price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Robert Half Inc. holds its Distribution at $38.30. Consolidating, no directional conviction, held for 61 days.
As held on the ledger · 2026-09-15
Phase
Distribution · caution
Quantitative state
Consolidating, no directional conviction, held for 61 days
Price at the screen
$38.30
Valuation
33.30 trailing · 19.47 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.79
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
8.60%
Below 33%
Interest-bearing debt is just 8.6% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
42.46%
Below 49%
Money owed to the company is 42.5% of assets, under the 49% limit.
Pass
Revenue purity
0.22%
Below 5%
Only 0.2% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-15 screen. The gold marker is the market price at the same screen. The price runs 8.2% above the base estimate.
Third-party analyst targets: 9 covering, consensus None. The average target sits −19% from the screen price.
Reading the gap · Both our model and the Street see limited upside at this price.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-15 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Staffing Agency Trades Well Above Its Worth
Picture a recruiter trying to fill desks when companies have already frozen hiring budgets. Robert Half sits in exactly that spot, supplying contract and permanent staff plus consulting through Protiviti, yet revenue is already sliding 4 percent and profit margins sit at just 2 percent.
We pass because the shares trade at 41.80 dollars against a fair value of 33.75 dollars, a negative margin of safety, while the forward multiple of 20.3 times earnings looks rich for a business showing no growth and only 10 percent return on equity. Nine analysts cluster around a 27 dollar median target and see no catalyst to close that gap.
The real risk is the cyclical nature of staffing demand, which can stay weak longer than expected and leave thin margins exposed to even modest revenue drops. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
RHI trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 4.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (9 analysts) rates it hold, with a mean price target of $30.
2026-08-11Markup$42.74+31.5%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 31.5% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (9 analysts) rates it hold, with a mean price target of $30.
2026-07-18Markup$32.49+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (9 analysts) rates it hold, with a mean price target of $30.
2026-07-03Markup$32.49+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Markup$32.49Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
