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← CockpitCompetitor Analysis › 2168.T Pasona Group Inc.Open in the cockpit ↗

Pasona Group Inc.2168.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Personnel Services
Momentum weak 35
Mkt cap
$344M
US dollars, full cap
Free float
43%
of shares outstanding
$/day
$1.72M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-6.5 pp
WACC 6.1%
Hurdle
n/a
no reverse DCF
Next earnings
63 days
8 Jan 2027
Close · JPY¥1,442
1D-4.6%
1W+1.9%
1M-3.2%
3M-7.6%
6M-11.5%
YTD-28.8%
1Y-27.5%
ATR %2.7%
52w lowhigh34.0% off high

What Pasona does

Employees: 9,028

Pasona at a glance

Size Pasona (2168.T) is a Japan Industrials company (Personnel Services) with a market value of $344M, the 1271st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,442 on 6 Nov 2026.

Performance Over six months the shares fell 11.5%, against +11.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue grew 0.3% over the last twelve months (peer median +1.6%); the operating margin is -0.2% (peer median 4.3%).

Valuation It trades at 0.1× enterprise value to sales against a peer median of 0.5× (cheapest of 21).

Capital Return on invested capital runs 6.5 points below its cost of capital (6.1% WACC).

Next results Next results expected around 8 Jan 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026Peer median 1132168.T 90
Six months, rebased to 100: Pasona against the median of its 20 peers (local-currency closes).

Pasona financials

Reported figures in JPY; fiscal year ends 2026-05-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥311B¥308B¥309B¥357B¥373B
Revenue growth—0%-13%-4%—
Gross profit¥71.7B¥68.4B¥65.8B¥81.6B¥87.9B
EBITDA¥2.91B¥1.79B¥1.85B¥13.1B¥20.2B
Net income-¥2.29B-¥3.39B-¥8.66B¥95.9B¥6.10B
Free cash flown/a-¥15.2B-¥10.6B-¥7.85B-¥3.07B
Capital expendituren/a¥21.8B¥18.3B¥20.1B¥13.6B
Total debt¥37.4B¥38.9B¥32.7B¥42.3B¥58.3B

Quarterly statements and history in the cockpit →

Pasona competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%+60%-10%0%4641TBI217024294848STEM4849QUESSKELYACHZ2379CEN300662BBSISDG2146PAGEGPPKFRC21542168.T6-month return →1-month return →
Up and to the right = strong over both horizons. Pasona is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%0×0.5×1×1.5×4641TBI217024294848STEM4849QUESSKELYACHZ2379CEN300662BBSISDG2146PAGEGPPKFRC21542168.TRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Pasona is the large dot.

Pasona competitors and peer comparison

How Pasona compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Pasona against its 20 peers (data as of 6 Nov 2026)
Measure2168.TPeer medianRank in peer set
1-month return-3.2%-1.5%9th lowest of 21
6-month return-11.5%+11.8%3rd lowest of 21
Distance from 52-week high-34.0%-12.3%lowest of 21
Revenue growth (TTM)+0.3%+1.6%9th lowest of 21
Operating margin-0.2%4.3%2nd lowest of 21
EV / Sales0.1×0.5×cheapest of 21
ROIC minus cost of capital-6.5 pp+7.1 pp3rd lowest of 21
Net debt / EBITDA-14.9×-0.7×least indebted of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Pasona 2168.TJapan$344M-12%0%0%0.1×n/an/a
Altech 4641.TJapan$329M+4%+6%9%0.7×-13.7%+8.0%
TrueBlue TBIUnited States$370M+117%+10%-2%0.3×n/an/a
Link and Motivation 2170.TJapan$376M+4%+11%13%1.7×-0.3%+6.2%
World 2429.TJapan$302M+4%+11%3%0.4×-3.5%+14.6%
Fullcast 4848.TJapan$401M+12%+33%9%0.6×-12.6%+12.3%
SThree STEM.LUnited Kingdom$481M+65%-9%2%0.3×10.2%+1.6%
en Inc. 4849.TJapan$504M+60%-11%7%1.0×5.3%+6.7%
Quess QUESS.NSIndia$505M+41%-12%2%0.3×16.3%+7.1%
Kelly Services KELYAUnited States$507M+40%-10%1%0.1×12.8%-1.2%
HRnetGroup CHZ.SISingapore$519M-9%+1%7%0.6×-13.1%+6.2%
dip 2379.TJapan$520M-17%-9%7%1.3×-1.1%+11.0%
Groupe Crit CEN.PAFrance$534M-20%+1%3%0.1×n/an/a
Beijing Career International 300662.SZChina$643M-10%+13%2%0.3×10.6%+29.9%
Barrett Business Services BBSIUnited States$725M0%+6%4%0.5×1.9%+7.1%
Synergie SDG.PAFrance$753M-3%+5%3%0.1×-13.4%+8.2%
UT Group Co.,Ltd. 2146.TJapan$868M+22%-13%7%0.7×6.7%+7.7%
Michael Page PAGE.LUnited Kingdom$896M+60%-3%2%0.5×23.5%+4.1%
Grupa Pracuj spolka akcyjna GPP.WAPoland$919M+23%+5%37%4.1×-1.9%+22.1%
Kforce KFRCUnited States$970M+25%+2%5%0.8×9.8%-1.0%
Open Up 2154.TJapan$1.11B+12%-11%10%1.0×-6.5%+11.1%

Questions

Which companies are Pasona's closest peers?
The cockpit's peer set: Altech (4641.T), TrueBlue (TBI), Link and Motivation (2170.T), World (2429.T), Fullcast (4848.T), SThree (STEM.L), en Inc. (4849.T), Quess (QUESS.NS).
Is Pasona expensive compared with its peers?
On ev / sales it trades at 0.1× against a peer median of 0.5×, cheapest of 21 in its peer set.
How has Pasona stock performed?
Over six months to 6 Nov 2026 the shares returned -11.5% against +11.8% for the median peer; over one year -27.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.