Money Forward (STU:47D) Construction In Progress: €8.6 Mil (As of Nov. 2025)


STU:47D Money Forward Inc STU:47D
67 GF Score
Price €23.00
GF Value €44.31
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Money Forward Construction In Progress?

Money Forward STU:47D +7.48% 67 Construction In Progress is €8.6 Mil as of Nov. 2025. GuruFocus rates STU:47D with a GF Score™ of 67/100 and a GF Value™ of €44.31 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Money Forward's quarterly construction in progress declined from May. 2025 (€9.4 Mil) to Aug. 2025 (€9.3 Mil) and declined from Aug. 2025 (€9.3 Mil) to Nov. 2025 (€8.6 Mil).

Money Forward's annual construction in progress increased from Nov. 2023 (€6.1 Mil) to Nov. 2024 (€7.4 Mil) and increased from Nov. 2024 (€7.4 Mil) to Nov. 2025 (€8.6 Mil).

Money Forward Construction In Progress Historical Data

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The historical data trend for Money Forward's Construction In Progress 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.

Money Forward Construction In Progress Chart

Money Forward Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.68 8.02 6.08 7.35 8.61

Money Forward Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Construction In Progress 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 7.90 9.44 9.32 8.61 0.34
STU:47D
67GF Score
Money Forward Inc STU:47D
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Money Forward Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of €8.6 Mil mean?
Money Forward (STU:47D) has a Construction In Progress of €8.6 Mil as of Nov. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Money Forward and its competitors.
Is Money Forward's Construction In Progress too high?
Money Forward's current Construction In Progress is €8.6 Mil. Overall, Money Forward has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Money Forward's Construction In Progress compare to UBER and SHOP?
Money Forward's Construction In Progress of €8.6 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Software company?
A good Construction In Progress depends on the Software industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Money Forward and its competitors. Money Forward's current Construction In Progress is €8.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Money Forward stock overvalued right now?
Based on GuruFocus' analysis, Money Forward (STU:47D) is currently considered Significantly Undervalued. The stock's GF Value™ is €44.31, compared to a current price of €23.00 — trading 48.1% below its estimated fair value. The current Construction In Progress is €8.6 Mil. Money Forward's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Money Forward (STU:47D), the current Construction In Progress is €8.6 Mil as of Nov. 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 Money Forward (STU:47D) Overvalued in 2026?

Based on GuruFocus' analysis, Money Forward stock appears to be undervalued. The current stock price of €23.00 is trading 48.1% below its estimated GF Value™ of €44.31. GuruFocus considers Money Forward to be Significantly Undervalued.

Key valuation signals for STU:47D:

  • Construction In Progress: €8.6 Mil
  • GF Value™: €44.31 vs. price of €23.00 (48.1% below fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the STU:47D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Money Forward Business Description

Other Exchanges 3994:Japan
Address 21st Floor, msb Tamachi Tamachi Station Tower, S 3-1-21 Shibaura, Minato-ku, Tokyo, JPN, 108-0023
Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation.
67GF Score

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

€23.00
Price
€44.31
GF Value