Fullcast Holdings Co (TSE:4848) E10: 円136.07 (As of Dec. 2025)


TSE:4848 Fullcast Holdings Co Ltd TSE:4848
86 GF Score
Price 円1,508.00
GF Value 円2,210.47
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Fullcast Holdings Co E10?

Fullcast Holdings Co TSE:4848 -0.79% 86 E10 is 円136.07 as of Dec. 2025. GuruFocus rates TSE:4848 with a GF Score™ of 86/100 and a GF Value™ of 円2,210.47 (Significantly Undervalued). The stock has 3 warning signs investors should review.

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.

Fullcast Holdings Co's adjusted earnings per share data for the three months ended in Dec. 2025 was 円20.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円136.07 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Fullcast Holdings Co's average E10 Growth Rate was 8.90% per year. During the past 3 years, the average E10 Growth Rate was 14.10% per year. During the past 5 years, the average E10 Growth Rate was 16.00% 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 Fullcast Holdings Co was 27.60% per year. The lowest was 14.10% per year. And the median was 17.40% per year.

As of today (2026-06-30), Fullcast Holdings Co's current stock price is 円1508.00. Fullcast Holdings Co's E10 for the quarter that ended in Dec. 2025 was 円136.07. Fullcast Holdings Co's Shiller PE Ratio of today is 11.08.

During the past 13 years, the highest Shiller PE Ratio of Fullcast Holdings Co was 68.97. The lowest was 11.15. And the median was 25.28.


Fullcast Holdings Co  (TSE:4848) 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.

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

Shiller PE Ratio=Share Price/E10
=1508.00/136.07
=11.08

* 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 Fullcast Holdings Co was 68.97. The lowest was 11.15. And the median was 25.28.


Be Aware

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


Fullcast Holdings Co E10 Related Terms


Fullcast Holdings Co E10 Historical Data

* Premium members only.

The historical data trend for Fullcast 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.

Fullcast Holdings Co E10 Chart

Fullcast Holdings Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.71 91.55 109.11 124.98 136.07

Fullcast 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 128.52 132.32 135.02 136.07 0.00

TSE:4848 vs KFY, RHI, TNET: E10 Comparison

For the Staffing & Employment Services subindustry, Fullcast 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.


Fullcast Holdings Co Shiller PE Ratio vs Business Services Industry

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

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


TSE:4848
86GF Score
Fullcast Holdings Co Ltd TSE:4848
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fullcast 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, Fullcast Holdings Co's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=20.37/113.0000*113.0000
=20.370

Current CPI (Dec. 2025) = 113.0000.

Fullcast Holdings Co Quarterly Data

per share eps CPI Adj_EPS
201603 12.510 97.900 14.440
201606 15.650 98.100 18.027
201609 16.395 98.000 18.904
201612 21.300 98.400 24.460
201703 18.610 98.100 21.437
201706 21.702 98.500 24.897
201709 17.500 98.800 20.015
201712 20.600 99.400 23.419
201803 21.790 99.200 24.821
201806 27.560 99.200 31.394
201809 28.040 99.900 31.717
201812 10.090 99.700 11.436
201903 28.210 99.700 31.973
201906 33.600 99.800 38.044
201909 34.660 100.100 39.127
201912 27.470 100.500 30.887
202003 30.290 100.300 34.125
202006 30.450 99.900 34.443
202009 24.700 99.900 27.939
202012 25.600 99.300 29.132
202103 28.560 99.900 32.305
202106 35.660 99.500 40.498
202109 40.460 100.100 45.674
202112 32.020 100.100 36.146
202203 47.280 101.100 52.845
202206 43.850 101.800 48.674
202209 48.790 103.100 53.475
202212 42.220 104.100 45.830
202303 43.470 104.400 47.051
202306 45.260 105.200 48.616
202309 38.100 106.200 40.540
202312 37.100 106.800 39.254
202403 62.210 107.200 65.576
202406 37.330 108.200 38.986
202409 17.340 108.900 17.993
202412 38.150 110.700 38.943
202503 38.560 111.100 39.219
202506 42.190 111.700 42.681
202509 35.060 112.000 35.373
202512 20.370 113.000 20.370

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136.07 mean?
Fullcast Holdings Co (TSE:4848) has a E10 of 円136.07 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Fullcast Holdings Co and its competitors.
Is Fullcast Holdings Co's E10 too high?
Fullcast Holdings Co's current E10 is 円136.07. Overall, Fullcast Holdings Co has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fullcast Holdings Co's E10 compare to KFY and RHI?
Fullcast Holdings Co's E10 of 円136.07 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 Fullcast Holdings Co and its competitors. Fullcast Holdings Co's current E10 is 円136.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fullcast Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Fullcast Holdings Co (TSE:4848) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,210.47, compared to a current price of 円1,508.00 — trading 31.8% below its estimated fair value. The current E10 is 円136.07. Fullcast Holdings Co's overall GF Score™ is 86/100 with 3 warning signs to review. 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 Fullcast Holdings Co (TSE:4848), the current E10 is 円136.07 as of Dec. 2025. 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 Fullcast Holdings Co (TSE:4848) Overvalued in 2026?

Based on GuruFocus' analysis, Fullcast Holdings Co stock appears to be undervalued. The current stock price of 円1,508.00 is trading 31.8% below its estimated GF Value™ of 円2,210.47. GuruFocus considers Fullcast Holdings Co to be Significantly Undervalued.

Key valuation signals for TSE:4848:

  • E10: 円136.07
  • GF Value™: 円2,210.47 vs. price of 円1,508.00 (31.8% below fair value)
  • GF Score™: 86/100 with 3 warning signs

No single metric tells the full story. See the TSE:4848 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fullcast Holdings Co Business Description

Address 8-9-5 Nishigotanda, Forecast Gotanda Building, 12th Floor, Tokyo, Shinagawa-ku, JPN, 1410031
Fullcast Holdings Co Ltd is a Japan-based holding company that provides human resource solutions. The company has two business segments namely, Short-term operational support business including short-term personnel service, event personnel service, and the security business, providing security services mainly for public facilities and corporations. The majority of the company's revenue is generated from Short-term operational support business. The short-term operational support business provides timely short-term staffing services that cater to fluctuations in client company's workloads.
86GF Score

Get the complete analysis for TSE:4848

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

円1,508.00
Price
円2,210.47
GF Value