Project Holdings (TSE:9246) Construction In Progress: 円680 Mil (As of Dec. 2025)


TSE:9246 Project Holdings Inc TSE:9246
77 GF Score
Price 円1,033.00
GF Value 円1,739.07
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Project Holdings Construction In Progress?

Project Holdings TSE:9246 -0.19% 77 Construction In Progress is 円680 Mil as of Dec. 2025. GuruFocus rates TSE:9246 with a GF Score™ of 77/100 and a GF Value™ of 円1,739.07 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Project Holdings's quarterly construction in progress declined from Jun. 2025 (円689 Mil) to Sep. 2025 (円685 Mil) and declined from Sep. 2025 (円685 Mil) to Dec. 2025 (円680 Mil).

Project Holdings's annual construction in progress declined from Dec. 2023 (円810 Mil) to Dec. 2024 (円745 Mil) and declined from Dec. 2024 (円745 Mil) to Dec. 2025 (円680 Mil).

Project Holdings Construction In Progress Historical Data

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The historical data trend for Project 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.

Project Holdings Construction In Progress Chart

Project Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 83.14 644.99 809.61 745.19 680.17

Project Holdings Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 693.86 689.30 684.73 680.17 675.60
TSE:9246
77GF Score
Project Holdings Inc TSE:9246
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Project 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680 Mil mean?
Project Holdings (TSE:9246) has a Construction In Progress of 円680 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Project Holdings and its competitors.
Is Project Holdings' Construction In Progress too high?
Project Holdings' current Construction In Progress is 円680 Mil. Overall, Project Holdings has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Project Holdings' Construction In Progress compare to VRSK and EFX?
Project Holdings' Construction In Progress of 円680 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Construction In Progress depends on the Business Services 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 Project Holdings and its competitors. Project Holdings's current Construction In Progress is 円680 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Project Holdings stock overvalued right now?
Based on GuruFocus' analysis, Project Holdings (TSE:9246) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,739.07, compared to a current price of 円1,033.00 — trading 40.6% below its estimated fair value. The current Construction In Progress is 円680 Mil. Project Holdings' overall GF Score™ is 77/100 with 5 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 Project Holdings (TSE:9246), the current Construction In Progress is 円680 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 Project Holdings (TSE:9246) Overvalued in 2026?

Based on GuruFocus' analysis, Project Holdings stock appears to be undervalued. The current stock price of 円1,033.00 is trading 40.6% below its estimated GF Value™ of 円1,739.07. GuruFocus considers Project Holdings to be Significantly Undervalued.

Key valuation signals for TSE:9246:

  • Construction In Progress: 円680 Mil
  • GF Value™: 円1,739.07 vs. price of 円1,033.00 (40.6% below fair value)
  • GF Score™: 77/100 with 5 warning signs

No single metric tells the full story. See the TSE:9246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Project Holdings Business Description

Address 1-3-1 Azabudai, 24th Floor, Azabudai Hills Mori JP Tower, Minato-ku, Tokyo, JPN, 106-0041
Project Holdings Inc is engaged in providing consulting services for new business development and the reform of existing businesses through the use of digital technologies. The company plans digital marketing strategies and improves the UI/UX of smartphone applications. Its services include business solutions, marketing solutions, and UI/UX solutions.
77GF Score

Get the complete analysis for TSE:9246

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

円1,033.00
Price
円1,739.07
GF Value