En (TSE:4849) Cyclically Adjusted PB Ratio: 1.83 (As of Aug. 14, 2026) — 57% Below Median

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TSE:4849 En Inc TSE:4849
73 GF Score
Price 円1,495.00
GF Value 円1,947.57
Valuation Modestly Undervalued
! 5 Warning Signs
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What is En Cyclically Adjusted PB Ratio?

En TSE:4849 +4.47% 73 Cyclically Adjusted PB Ratio is 1.83 as of Aug. 14, 2026, which is 57% below its 10-year median of 4.25. GuruFocus rates TSE:4849 with a GF Score™ of 73/100 and a GF Value™ of 円1,947.57 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 716 Business Services companies, En ranks worse than 55.03% on this metric.

As of today (2026-08-14), En's current share price is 円1495.00. En's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was 円818.60. En's Cyclically Adjusted PB Ratio for today is 1.83.

The historical rank and industry rank for En's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSE:4849' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.34   Med: 4.25   Max: 16.17
Current: 1.76

During the past years, En's highest Cyclically Adjusted PB Ratio was 16.17. The lowest was 1.34. And the median was 4.25.

TSE:4849's Cyclically Adjusted PB Ratio is ranked worse than
55.03% of 716 companies
in the Business Services industry
Industry Median: 1.53 vs TSE:4849: 1.76

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

En's adjusted book value per share data for the three months ended in Mar. 2026 was 円842.758. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is 円818.60 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


En  (TSE:4849) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


En Cyclically Adjusted PB Ratio Related Terms


En Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for En's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

En Cyclically Adjusted PB Ratio Chart

En Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.02 3.47 3.78 2.13 1.36

En Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.12 2.04 1.90 1.36 0.00

TSE:4849 vs KFY, RHI, TNET: Cyclically Adjusted PB Ratio Comparison

For the Staffing & Employment Services subindustry, En's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


En Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, En's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where En's Cyclically Adjusted PB Ratio falls into.


TSE:4849
73GF Score
En Inc TSE:4849
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

En Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

En's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1495.00/818.60
=1.83

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

En's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, En's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=842.758/112.7000*112.7000
=842.758

Current CPI (Mar. 2026) = 112.7000.

En Quarterly Data

Book Value per Share CPI Adj_Book
201606 464.674 98.100 533.830
201609 478.259 98.000 549.998
201612 500.297 98.400 573.003
201703 518.747 98.100 595.951
201706 529.846 98.500 606.230
201709 562.176 98.800 641.268
201712 599.780 99.400 680.032
201803 628.198 99.200 713.689
201806 630.769 99.200 716.610
201809 683.121 99.900 770.648
201812 721.297 99.700 815.348
201903 765.448 99.700 865.256
201906 739.793 99.800 835.418
201909 784.831 100.100 883.621
201912 814.783 100.500 913.692
202003 838.083 100.300 941.694
202006 750.402 99.900 846.550
202009 771.288 99.900 870.112
202012 800.885 99.300 908.960
202103 813.672 99.900 917.926
202106 791.146 99.500 896.102
202109 829.590 100.100 934.014
202112 872.098 100.100 981.873
202203 906.592 101.100 1,010.612
202206 866.633 101.800 959.426
202209 838.382 103.100 916.447
202212 878.297 104.100 950.856
202303 821.799 104.400 887.134
202306 696.117 105.200 745.745
202309 707.650 106.200 750.962
202312 750.484 106.800 791.943
202403 787.324 107.200 827.718
202406 0.000 108.200 0.000
202409 862.406 108.900 892.499
202412 869.441 110.700 885.149
202503 920.172 111.100 933.424
202506 844.453 111.700 852.013
202509 843.126 112.000 848.396
202512 840.661 113.000 838.429
202603 842.758 112.700 842.758

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.83 mean?
En (TSE:4849) has a Cyclically Adjusted PB Ratio of 1.83 as of Aug. 14, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on En and its competitors. This is 57% below median its historical median of 4.25. Over the past decade, En's Cyclically Adjusted PB Ratio has ranged from 1.34 to 16.17. According to the industry distribution chart, En ranks #394 out of 716 companies in the Business Services industry, placing it in the top 55%.
Is En's Cyclically Adjusted PB Ratio too high?
En's current Cyclically Adjusted PB Ratio of 1.83 is 57% below median its 10-year median of 4.25. Over the past 10 years, this metric has ranged from a low of 1.34 to a high of 16.17. The Business Services industry median Cyclically Adjusted PB Ratio is 1.53. En's value of 1.83 is 19.6% above this industry median. Based on the distribution chart, En ranks #394 out of 716 companies in the Business Services industry, which is below the industry midpoint. Overall, En has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does En's Cyclically Adjusted PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, En ranks #394 out of 716 companies for Cyclically Adjusted PB Ratio. This places En in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.53. En's value of 1.83 is 19.6% above this benchmark. Historically, En's own Cyclically Adjusted PB Ratio has ranged from 1.34 to 16.17 over the past decade. While the company's 10-year median is 4.25 vs. the industry median of 1.53, En has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.53, based on 716 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. En's current Cyclically Adjusted PB Ratio of 1.83 is 19.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on En and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. En's current Cyclically Adjusted PB Ratio is 1.83, which is 57% below median its own 10-year median of 4.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is En stock overvalued right now?
Based on GuruFocus' analysis, En (TSE:4849) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,947.57, compared to a current price of 円1,495.00 — trading 23.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.83, which is 57% below median its 10-year median of 4.25 and 19.6% above the Business Services industry median of 1.53. En's overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For En (TSE:4849), the current Cyclically Adjusted PB Ratio is 1.83 as of Aug. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is En (TSE:4849) Overvalued in 2026?

Based on GuruFocus' analysis, En stock appears to be undervalued. The current stock price of 円1,495.00 is trading 23.2% below its estimated GF Value™ of 円1,947.57. GuruFocus considers En to be Modestly Undervalued.

Key valuation signals for TSE:4849:

  • Cyclically Adjusted PB Ratio: 1.83 (57% below median its 10-year median of 4.25)
  • GF Value™: 円1,947.57 vs. price of 円1,495.00 (23.2% below fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 19.6% above the Business Services median (#394 of 716)

No single metric tells the full story. See the TSE:4849 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


En Business Description

Address 6-5-1 Nishi-Shinjuku, Shinjuku I-land Tower, Shinjuku-ku, Tokyo, JPN, 163-1335
En Inc is a Japanese company that provides human resource services. It offers online job information sites and recruitment support platforms for various employment types, including full-time, part-time, and temporary work. The company provides recruitment consulting, career change support, and talent assessment services. It also offers tools for employee training, evaluation, and retention, aimed at improving organizational performance.
73GF Score

Get the complete analysis for TSE:4849

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,495.00
Price
円1,947.57
GF Value