Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Fullcast Holdings CoTSE:4848 -0.96%85 PB Ratio is 1.86 as of Jul. 22, 2026, which is 55% below its 10-year median of 4.11. GuruFocus rates TSE:4848 with a GF Score™ of 85/100 and a GF Value™ of 円2,262.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,047 Business Services companies, Fullcast Holdings Co ranks worse than 55.68% on this metric.
Fullcast Holdings Co Ltd stock PB Ratio (=1.84) is close to 10-year low of 1.69.
The historical rank and industry rank for Fullcast Holdings Co's PB Ratio or its related term are showing as below:
TSE:4848'
s PB Ratio Range Over the Past 10 Years
Min: 1.69 Med: 4.11 Max: 10.1
Current: 1.85
During the past 13 years, Fullcast Holdings Co's highest PB Ratio was 10.10. The lowest was 1.69. And the median was 4.11.
TSE:4848's PB Ratio is ranked worse than 55.68% of 1047
companies
in the Business Services industry
Industry Median: 1.65
vs TSE:4848: 1.85
During the past 12 months, Fullcast Holdings Co's average Book Value Per Share Growth Rate was 7.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 14.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 16.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Fullcast Holdings Co was 62.20% per year. The lowest was -29.00% per year. And the median was 17.00% per year.
Back to Basics: PB Ratio
Fullcast Holdings Co (TSE:4848) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Fullcast Holdings Co PB Ratio Related Terms
Fullcast Holdings Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Fullcast Holdings Co's 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.
For the Staffing & Employment Services subindustry, Fullcast Holdings Co's PB Ratio, along with its competitors' market caps and 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.
Fullcast Holdings Co PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Fullcast Holdings Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Fullcast Holdings Co's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Fullcast Holdings Co (TSE:4848) has a PB Ratio of 1.86 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Fullcast Holdings Co and its competitors. This is 55% below median its historical median of 4.11. Over the past decade, Fullcast Holdings Co's PB Ratio has ranged from 1.69 to 10.10. According to the industry distribution chart, Fullcast Holdings Co ranks #583 out of 1047 companies in the Business Services industry, placing it in the top 55.7%.
Is Fullcast Holdings Co's PB Ratio too high?
Fullcast Holdings Co's current PB Ratio of 1.86 is 55% below median its 10-year median of 4.11. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 10.10. The Business Services industry median PB Ratio is 1.65. Fullcast Holdings Co's value of 1.86 is 12.7% above this industry median. Based on the distribution chart, Fullcast Holdings Co ranks #583 out of 1047 companies in the Business Services industry, which is below the industry midpoint. Overall, Fullcast Holdings Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fullcast Holdings Co's PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, Fullcast Holdings Co ranks #583 out of 1047 companies for PB Ratio. This places Fullcast Holdings Co in the lower half of its industry. The industry median PB Ratio is 1.65. Fullcast Holdings Co's value of 1.86 is 12.7% above this benchmark. Historically, Fullcast Holdings Co's own PB Ratio has ranged from 1.69 to 10.10 over the past decade. While the company's 10-year median is 4.11 vs. the industry median of 1.65, Fullcast Holdings Co 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 PB Ratio for a Business Services company?
The median PB Ratio among Business Services companies is 1.65, based on 1,047 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fullcast Holdings Co's current PB Ratio of 1.86 is 12.7% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Fullcast Holdings Co and its competitors. For the Business Services industry, the median PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fullcast Holdings Co's current PB Ratio is 1.86, which is 55% below median its own 10-year median of 4.11. 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 Modestly Undervalued. The stock's GF Value™ is 円2,262.63, compared to a current price of 円1,654.00 — trading 26.9% below its estimated fair value. The current PB Ratio is 1.86, which is 55% below median its 10-year median of 4.11 and 12.7% above the Business Services industry median of 1.65. Fullcast Holdings Co's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Fullcast Holdings Co (TSE:4848), the current PB Ratio is 1.86 as of Jul. 22, 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 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1,654.00 is trading 26.9% below its estimated GF Value™ of 円2,262.63.
GuruFocus considers Fullcast Holdings Co to be Modestly Undervalued.
Key valuation signals for TSE:4848:
PB Ratio: 1.86 (55% below median its 10-year median of 4.11)
GF Value™: 円2,262.63 vs. price of 円1,654.00 (26.9% below fair value)
Industry Position: 12.7% above the Business Services median (#583 of 1047)
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 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.
85GF Score
Get the complete analysis for TSE:4848
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:4848 has been successfully added to your 
