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en Inc.4849.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Personnel Services
Momentum leader 98
Mkt cap
$504M
US dollars, full cap
Free float
53%
of shares outstanding
$/day
$2.52M
20-day average traded
Fwd P/E
9.6×
forward earnings
ROIC−WACC
+12.0 pp
WACC 7.7%
Hurdle
-1 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · JPY¥1,751
1D-5.5%
1W+0.5%
1M+0.1%
3M+39.1%
6M+60.0%
YTD+13.6%
1Y+8.3%
ATR %3.5%
52w lowhigh10.0% off high

What en Inc. does

Employees: 3,191

en Inc. at a glance

Size en Inc. (4849.T) is a Japan Industrials company (Personnel Services) with a market value of $504M, the 1062nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,751 on 6 Nov 2026.

Performance Over six months the shares gained 60.0%, against +8.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue fell 10.9% over the last twelve months (peer median +1.6%); the operating margin is 7.0% (peer median 3.8%).

Valuation It trades at 9.6× forward earnings against a peer median of 14.0× (3rd cheapest of 20).

Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -1 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 12.0 points above its cost of capital (7.7% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

10012515017511 May 202611 Aug 20266 Nov 20264849.T 160Peer median 109
Six months, rebased to 100: en Inc. against the median of its 20 peers (local-currency closes).

en Inc. financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥57.4B¥59.1B¥65.7B¥67.7B¥67.7B
Revenue growth—-10%-3%0%—
Gross profit¥47.9B¥49.6B¥52.4B¥54.0B¥51.5B
EBITDA¥7.65B¥7.53B¥9.03B¥7.81B¥6.29B
Net income¥5.91B¥2.62B¥7.63B¥4.20B¥2.69B
Free cash flown/a¥3.43B¥8.02B¥6.36B¥4.31B
Capital expendituren/a¥4.30B¥3.81B¥3.96B¥2.75B
Total debt¥2.10B¥388M¥551M¥762M¥264M

Quarterly statements and history in the cockpit →

en Inc. 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%QUESSKELYACHZ2379STEMCEN48483006622170TBIBBSI2168SDG464124292146PAGEGPPKFRC21544849.T6-month return →1-month return →
Up and to the right = strong over both horizons. en Inc. is the large dot.

Fundamentals: revenue growth against valuation

0%+20%20×40×60×QUESSKELYACHZ2379STEMCEN48483006622170BBSI46412429PAGE21544849.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. en Inc. is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%+30%0%20%QUESSKELYACHZ2379STEM48483006622170BBSISDG24292146PAGEGPPKFRC21544849.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. en Inc. is the large dot.

en Inc. competitors and peer comparison

How en Inc. 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.

en Inc. against its 20 peers (data as of 6 Nov 2026)
Measure4849.TPeer medianRank in peer set
1-month return+0.1%-2.3%8th highest of 21
6-month return+60.0%+8.1%3rd highest of 21
Distance from 52-week high-10.0%-13.9%5th highest of 21
Revenue growth (TTM)-10.9%+1.6%4th lowest of 21
Operating margin7.0%3.8%8th highest of 21
Forward P/E9.6×14.0×3rd cheapest of 20
Growth the price implies (Req g, 7 yrs)5.3%-0.3%8th most demanding of 18
Growth delivered (Del g)+6.7%+7.7%7th lowest of 18
Hurdle (Req g minus delivered)-1.4 pp-12.1 pp7th most demanding of 18
ROIC minus cost of capital+12.0 pp+6.2 pp7th highest of 21
EV / EBITDA7.7×8.8×4th cheapest of 10
Net debt / EBITDA-2.7×-0.7×3rd least indebted of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
en Inc. 4849.TJapan$504M+60%-11%7%9.6×5.3%+6.7%
Quess QUESS.NSIndia$505M+41%-12%2%17.1×16.3%+7.1%
Kelly Services KELYAUnited States$507M+40%-10%1%10.2×12.8%-1.2%
HRnetGroup CHZ.SISingapore$519M-9%+1%7%14.0×-13.1%+6.2%
dip 2379.TJapan$520M-17%-9%7%68.1×-1.1%+11.0%
SThree STEM.LUnited Kingdom$481M+65%-9%2%42.2×10.2%+1.6%
Groupe Crit CEN.PAFrance$534M-20%+1%3%8.3×n/an/a
Fullcast 4848.TJapan$401M+12%+33%9%11.6×-12.6%+12.3%
Beijing Career International 300662.SZChina$643M-10%+13%2%12.0×10.6%+29.9%
Link and Motivation 2170.TJapan$376M+4%+11%13%17.5×-0.3%+6.2%
TrueBlue TBIUnited States$370M+117%+10%-2%17.6×n/an/a
Barrett Business Services BBSIUnited States$725M0%+6%4%18.2×1.9%+7.1%
Pasona 2168.TJapan$344M-12%0%0%n/an/an/a
Synergie SDG.PAFrance$753M-3%+5%3%11.8×-13.4%+8.2%
Altech 4641.TJapan$329M+4%+6%9%13.7×-13.7%+8.0%
World 2429.TJapan$302M+4%+11%3%6.2×-3.5%+14.6%
UT Group Co.,Ltd. 2146.TJapan$868M+22%-13%7%16.1×6.7%+7.7%
Michael Page PAGE.LUnited Kingdom$896M+60%-3%2%43.4×23.5%+4.1%
Grupa Pracuj spolka akcyjna GPP.WAPoland$919M+23%+5%37%13.1×-1.9%+22.1%
Kforce KFRCUnited States$970M+25%+2%5%18.0×9.8%-1.0%
Open Up 2154.TJapan$1.11B+12%-11%10%13.1×-6.5%+11.1%

Questions

Which companies are en Inc.'s closest peers?
The cockpit's peer set: Quess (QUESS.NS), Kelly Services (KELYA), HRnetGroup (CHZ.SI), dip (2379.T), SThree (STEM.L), Groupe Crit (CEN.PA), Fullcast (4848.T), Beijing Career International (300662.SZ).
Is en Inc. expensive compared with its peers?
On forward p/e it trades at 9.6× against a peer median of 14.0×, 3rd cheapest of 20 in its peer set. For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -1 pp: the price already allows for a slowdown.
How has en Inc. stock performed?
Over six months to 6 Nov 2026 the shares returned +60.0% against +8.1% for the median peer; over one year +8.3%.

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.