Fullcast Holdings CoTSE:4848 +0.46%86 ROE % is 9.37% as of Dec. 2025, which is 66% below its 10-year median of 27.92. 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. Among 1,058 Business Services companies, Fullcast Holdings Co ranks better than 74.86% on this metric.
The historical rank and industry rank for Fullcast Holdings Co's ROE % or its related term are showing as below:
TSE:4848'
s ROE % Range Over the Past 10 Years
Min: 16.02 Med: 27.92 Max: 33.03
Current: 16.17
During the past 13 years, Fullcast Holdings Co's highest ROE % was 33.03%. The lowest was 16.02%. And the median was 27.92%.
TSE:4848's ROE % is ranked better than 74.86% of 1058
companies
in the Business Services industry
Industry Median: 8.095
vs TSE:4848: 16.17
Fullcast Holdings Co (TSE:4848) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
* 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Business Services Industry
For the Business Services industry and Industrials sector, Fullcast Holdings Co's ROE % distribution charts can be found below:
* The bar in red indicates where Fullcast Holdings Co's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Fullcast Holdings Co (TSE:4848) has a ROE % of 9.37% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Fullcast Holdings Co and its competitors. This is 66% below median its historical median of 27.92. Over the past decade, Fullcast Holdings Co's ROE % has ranged from 16.02 to 33.03. According to the industry distribution chart, Fullcast Holdings Co ranks #266 out of 1058 companies in the Business Services industry, placing it in the top 25.1%.
Is Fullcast Holdings Co's ROE % too high?
Fullcast Holdings Co's current ROE % of 9.37% is 66% below median its 10-year median of 27.92. Over the past 10 years, this metric has ranged from a low of 16.02 to a high of 33.03. The Business Services industry median ROE % is 8.10. Fullcast Holdings Co's value of 9.37% is 15.8% above this industry median. Based on the distribution chart, Fullcast Holdings Co ranks #266 out of 1058 companies in the Business Services industry, which is above the industry midpoint. 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 ROE % compare to KFY and RHI?
According to the Business Services industry distribution chart, Fullcast Holdings Co ranks #266 out of 1058 companies for ROE %. This puts Fullcast Holdings Co in the upper half of its industry. The industry median ROE % is 8.10. Fullcast Holdings Co's value of 9.37% is 15.8% above this benchmark. Historically, Fullcast Holdings Co's own ROE % has ranged from 16.02 to 33.03 over the past decade. While the company's 10-year median is 27.92 vs. the industry median of 8.10, 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 ROE % for a Business Services company?
The median ROE % among Business Services companies is 8.10, based on 1,058 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fullcast Holdings Co's current ROE % of 9.37% is 15.8% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Fullcast Holdings Co and its competitors. For the Business Services industry, the median ROE % is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fullcast Holdings Co's current ROE % is 9.37%, which is 66% below median its own 10-year median of 27.92. 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1,520.00 — trading 31.2% below its estimated fair value. The current ROE % is 9.37%, which is 66% below median its 10-year median of 27.92 and 15.8% above the Business Services industry median of 8.10. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Fullcast Holdings Co (TSE:4848), the current ROE % is 9.37% 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1,520.00 is trading 31.2% 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:
ROE %: 9.37% (66% below median its 10-year median of 27.92)
GF Value™: 円2,210.47 vs. price of 円1,520.00 (31.2% below fair value)
Industry Position: 15.8% above the Business Services median (#266 of 1058)
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.
86GF Score
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