SBS Holdings (TSE:2384) Construction In Progress: 円947 Mil (As of Dec. 2025)


TSE:2384 SBS Holdings Inc TSE:2384
69 GF Score
Price 円4,340.00
GF Value 円3,349.58
Valuation Modestly Overvalued
! 2 Warning Signs
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What is SBS Holdings Construction In Progress?

SBS Holdings TSE:2384 +0.46% 69 Construction In Progress is 円947 Mil as of Dec. 2025. GuruFocus rates TSE:2384 with a GF Score™ of 69/100 and a GF Value™ of 円3,349.58 (Modestly Overvalued). The stock has 2 warning signs investors should review.

SBS Holdings's quarterly construction in progress declined from Jun. 2025 (円1,473 Mil) to Sep. 2025 (円1,334 Mil) and declined from Sep. 2025 (円1,334 Mil) to Dec. 2025 (円947 Mil).

SBS Holdings's annual construction in progress increased from Dec. 2023 (円1,382 Mil) to Dec. 2024 (円2,047 Mil) but then declined from Dec. 2024 (円2,047 Mil) to Dec. 2025 (円947 Mil).

SBS Holdings Construction In Progress Historical Data

* Premium members only.

The historical data trend for SBS Holdings'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.

SBS Holdings Construction In Progress Chart

SBS Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,335.00 1,575.00 1,382.00 2,047.00 947.00

SBS Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2,527.00 1,473.00 1,334.00 947.00 750.00
TSE:2384
69GF Score
SBS Holdings Inc TSE:2384
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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SBS Holdings 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 円947 Mil mean?
SBS Holdings (TSE:2384) has a Construction In Progress of 円947 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on SBS Holdings and its competitors.
Is SBS Holdings' Construction In Progress too high?
SBS Holdings' current Construction In Progress is 円947 Mil. Overall, SBS Holdings has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBS Holdings' Construction In Progress compare to UPS and FDX?
SBS Holdings' Construction In Progress of 円947 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Construction In Progress depends on the Transportation 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 SBS Holdings and its competitors. SBS Holdings's current Construction In Progress is 円947 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBS Holdings stock overvalued right now?
Based on GuruFocus' analysis, SBS Holdings (TSE:2384) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,349.58, compared to a current price of 円4,340.00 — trading 29.6% above its estimated fair value. The current Construction In Progress is 円947 Mil. SBS Holdings' overall GF Score™ is 69/100 with 2 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 SBS Holdings (TSE:2384), the current Construction In Progress is 円947 Mil 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 SBS Holdings (TSE:2384) Overvalued in 2026?

Based on GuruFocus' analysis, SBS Holdings stock appears to be overvalued. The current stock price of 円4,340.00 is trading 29.6% above its estimated GF Value™ of 円3,349.58. GuruFocus considers SBS Holdings to be Modestly Overvalued.

Key valuation signals for TSE:2384:

  • Construction In Progress: 円947 Mil
  • GF Value™: 円3,349.58 vs. price of 円4,340.00 (29.6% above fair value)
  • GF Score™: 69/100 with 2 warning signs

No single metric tells the full story. See the TSE:2384 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SBS Holdings Business Description

Address 17-1, Nishi-Shinjuku 8-chome, Shinjuku-ku, Tokyo, JPN, 160-0023
SBS Holdings Inc is engaged in the provision of logistics and related services. The company's operating business includes logistics, real-estate, and others. Its logistics business is involved in the transportation and delivery of raw materials, and the storage associated with it, handling, packaging, and distribution processing services. The real-estate business consists of rental and leasing of real estate properties. Its other business comprises of human resources, environment-related, marketing and other related business services.
69GF Score

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

円4,340.00
Price
円3,349.58
GF Value