Shift (TSE:3697) Construction In Progress: 円0 Mil (As of Feb. 2026)


TSE:3697 Shift Inc TSE:3697
77 GF Score
Price 円674.00
GF Value 円1,726.80
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Shift Construction In Progress?

Shift TSE:3697 +0.16% 77 Construction In Progress is 円0 Mil as of Feb. 2026. GuruFocus rates TSE:3697 with a GF Score™ of 77/100 and a GF Value™ of 円1,726.80 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Shift's quarterly construction in progress declined from Aug. 2025 (円2,382 Mil) to Nov. 2025 (円0 Mil) but then stayed the same from Nov. 2025 (円0 Mil) to Feb. 2026 (円0 Mil).

Shift's annual construction in progress declined from Aug. 2023 (円2,256 Mil) to Aug. 2024 (円2,088 Mil) but then increased from Aug. 2024 (円2,088 Mil) to Aug. 2025 (円2,382 Mil).

Shift Construction In Progress Historical Data

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The historical data trend for Shift'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.

Shift Construction In Progress Chart

Shift Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 671.11 1,068.00 2,256.00 2,088.00 2,382.00

Shift 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 0.00 0.00 2,382.00 0.00 0.00
TSE:3697
77GF Score
Shift Inc TSE:3697
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Shift 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0 Mil mean?
Shift (TSE:3697) has a Construction In Progress of 円0 Mil as of Feb. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Shift and its competitors.
Is Shift's Construction In Progress too high?
Shift's current Construction In Progress is 円0 Mil. Overall, Shift has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shift's Construction In Progress compare to UBER and SHOP?
Shift's Construction In Progress of 円0 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 Shift and its competitors. Shift's current Construction In Progress is 円0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shift stock overvalued right now?
Based on GuruFocus' analysis, Shift (TSE:3697) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,726.80, compared to a current price of 円674.00 — trading 61% below its estimated fair value. The current Construction In Progress is 円0 Mil. Shift's overall GF Score™ is 77/100 with 1 warning sign 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 Shift (TSE:3697), the current Construction In Progress is 円0 Mil as of Feb. 2026. 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 Shift (TSE:3697) Overvalued in 2026?

Based on GuruFocus' analysis, Shift stock appears to be undervalued. The current stock price of 円674.00 is trading 61% below its estimated GF Value™ of 円1,726.80. GuruFocus considers Shift to be Significantly Undervalued.

Key valuation signals for TSE:3697:

  • Construction In Progress: 円0 Mil
  • GF Value™: 円1,726.80 vs. price of 円674.00 (61% below fair value)
  • GF Score™: 77/100 with 1 warning sign

No single metric tells the full story. See the TSE:3697 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shift Business Description

Other Exchanges 7CZ:Germany
Address MASONIC 39 MT BUILDING, 2-4-5 Azabudai, Minato-ku, Tokyo, JPN, 106-0041
Shift Inc provides software testing services. The company's solutions include Test Design that takes into consideration of usability for the next project, and its seasoned test engineers provide support to test design such as building standard confirmation item. Test Run helps the customers to choose onsite or off-site implementation in accordance with the environment. MinTest is a website where people report bugs of social games and applications. It also provides other services such as CAT, Non-Functional Testing, Localization, and others related services.
77GF Score

Get the complete analysis for TSE:3697

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

円674.00
Price
円1,726.80
GF Value