Persol Holdings Co (TSE:2181) E10: 円11.16 (As of Mar. 2026)


TSE:2181 Persol Holdings Co Ltd TSE:2181
87 GF Score
Price 円243.10
GF Value 円294.56
Valuation Modestly Undervalued
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What is Persol Holdings Co E10?

Persol Holdings Co TSE:2181 +1.04% 87 E10 is 円11.16 as of Mar. 2026. GuruFocus rates TSE:2181 with a GF Score™ of 87/100 and a GF Value™ of 円294.56 (Modestly Undervalued).

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Persol Holdings Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円3.710. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円11.16 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Persol Holdings Co's average E10 Growth Rate was 12.30% per year. During the past 3 years, the average E10 Growth Rate was 13.50% per year. During the past 5 years, the average E10 Growth Rate was 14.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Persol Holdings Co was 16.40% per year. The lowest was 12.10% per year. And the median was 13.70% per year.

As of today (2026-06-27), Persol Holdings Co's current stock price is 円243.10. Persol Holdings Co's E10 for the quarter that ended in Mar. 2026 was 円11.16. Persol Holdings Co's Shiller PE Ratio of today is 21.78.

During the past 13 years, the highest Shiller PE Ratio of Persol Holdings Co was 61.43. The lowest was 18.20. And the median was 34.60.


Persol Holdings Co  (TSE:2181) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Persol Holdings Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=243.10/11.16
=21.78

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Persol Holdings Co was 61.43. The lowest was 18.20. And the median was 34.60.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Persol Holdings Co E10 Related Terms


Persol Holdings Co E10 Historical Data

* Premium members only.

The historical data trend for Persol Holdings Co's E10 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.

Persol Holdings Co E10 Chart

Persol Holdings Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.76 7.64 8.66 9.94 11.16

Persol Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 9.94 10.28 10.71 11.05 11.16

TSE:2181 vs KFY, RHI, TNET: E10 Comparison

For the Staffing & Employment Services subindustry, Persol Holdings Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Persol Holdings Co Shiller PE Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Persol Holdings Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Persol Holdings Co's Shiller PE Ratio falls into.


TSE:2181
87GF Score
Persol Holdings Co Ltd TSE:2181
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Persol Holdings Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Persol Holdings Co's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=3.71/112.7000*112.7000
=3.710

Current CPI (Mar. 2026) = 112.7000.

Persol Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201606 2.638 98.100 3.031
201609 1.553 98.000 1.786
201612 2.191 98.400 2.509
201703 1.194 98.100 1.372
201706 2.320 98.500 2.654
201709 1.627 98.800 1.856
201712 0.708 99.400 0.803
201803 -1.328 99.200 -1.509
201806 2.843 99.200 3.230
201809 2.295 99.900 2.589
201812 2.892 99.700 3.269
201903 2.408 99.700 2.722
201906 2.342 99.800 2.645
201909 -4.570 100.100 -5.145
201912 1.939 100.500 2.174
202003 3.557 100.300 3.997
202006 2.021 99.900 2.280
202009 1.287 99.900 1.452
202012 2.112 99.300 2.397
202103 1.224 99.900 1.381
202106 3.643 99.500 4.126
202109 3.041 100.100 3.424
202112 3.695 100.100 4.160
202203 3.472 101.100 3.870
202206 4.826 101.800 5.343
202209 4.710 103.100 5.149
202212 0.790 104.100 0.855
202303 -0.440 104.400 -0.475
202306 4.109 105.200 4.402
202309 3.250 106.200 3.449
202312 3.690 106.800 3.894
202403 2.090 107.200 2.197
202406 5.690 108.200 5.927
202409 3.810 108.900 3.943
202412 4.410 110.700 4.490
202503 2.130 111.100 2.161
202506 4.810 111.700 4.853
202509 5.990 112.000 6.027
202512 4.660 113.000 4.648
202603 3.710 112.700 3.710

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of 円11.16 mean?
Persol Holdings Co (TSE:2181) has a E10 of 円11.16 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Persol Holdings Co and its competitors.
Is Persol Holdings Co's E10 too high?
Persol Holdings Co's current E10 is 円11.16. Overall, Persol Holdings Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Persol Holdings Co's E10 compare to KFY and RHI?
Persol Holdings Co's E10 of 円11.16 can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Business Services company?
A good E10 depends on the Business Services industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Persol Holdings Co and its competitors. Persol Holdings Co's current E10 is 円11.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Persol Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Persol Holdings Co (TSE:2181) is currently considered Modestly Undervalued. The stock's GF Value™ is 円294.56, compared to a current price of 円243.10 — trading 17.5% below its estimated fair value. The current E10 is 円11.16. Persol Holdings Co's overall GF Score™ is 87/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Persol Holdings Co (TSE:2181), the current E10 is 円11.16 as of Mar. 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 Persol Holdings Co (TSE:2181) Overvalued in 2026?

Based on GuruFocus' analysis, Persol Holdings Co stock appears to be undervalued. The current stock price of 円243.10 is trading 17.5% below its estimated GF Value™ of 円294.56. GuruFocus considers Persol Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:2181:

  • E10: 円11.16
  • GF Value™: 円294.56 vs. price of 円243.10 (17.5% below fair value)
  • GF Score™: 87/100

No single metric tells the full story. See the TSE:2181 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Persol Holdings Co Business Description

Address 2-1-1 Yoyogi, Shibuya-ku, Tokyo, JPN, 151-0053
Persol Holdings Co Ltd is a Japan-based company engaged in the provision of staffing and HR-related services. Its services include temporary staffing, recruitment, media, outsourcing, and job creation in a range of industries. The company's segments include Asia Pacific; Business Process Outsourcing (BPO); Career; Staffing; Technology; and Others. It generates the majority of its revenue from the Staffing segment, which is engaged in the temporary staffing business for a wide range of industries, mainly in the administrative field, mainly in Japan.
87GF Score

Get the complete analysis for TSE:2181

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円243.10
Price
円294.56
GF Value