Change HoldingsTSE:3962 -0.33%69 Current Ratio is 2.00 as of Mar. 2026, which is 39% below its 10-year median of 3.30. GuruFocus rates TSE:3962 with a GF Score™ of 69/100 and a GF Value™ of 円1,868.99 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,864 Software companies, Change Holdings ranks better than 55.24% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Change Holdings's current ratio for the quarter that ended in Mar. 2026 was 2.00.
Change Holdings has a current ratio of 2.00. It generally indicates good short-term financial strength.
The historical rank and industry rank for Change Holdings's Current Ratio or its related term are showing as below:
TSE:3962'
s Current Ratio Range Over the Past 10 Years
Min: 2 Med: 3.3 Max: 5.94
Current: 2
During the past 11 years, Change Holdings's highest Current Ratio was 5.94. The lowest was 2.00. And the median was 3.30.
TSE:3962's Current Ratio is ranked better than 55.24% of 2864
companies
in the Software industry
Industry Median: 1.82
vs TSE:3962: 2.00
Change Holdings (TSE:3962) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Change Holdings Current Ratio Related Terms
Change Holdings Current Ratio Historical Data
* Premium members only.
The historical data trend for Change Holdings's Current Ratio 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.
TSE:3962 vs IBM, ACN, FISV: Current Ratio Comparison
For the Information Technology Services subindustry, Change Holdings's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Change Holdings Current Ratio vs Software Industry
For the Software industry and Technology sector, Change Holdings's Current Ratio distribution charts can be found below:
* The bar in red indicates where Change Holdings's Current Ratio falls into.
* 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.
Change Holdings (TSE:3962) has a Current Ratio of 2.00 as of Mar. 2026. This is 39% below median its historical median of 3.30. Over the past decade, Change Holdings' Current Ratio has ranged from 2.00 to 5.94. According to the industry distribution chart, Change Holdings ranks #1282 out of 2864 companies in the Software industry, placing it in the top 44.8%.
Is Change Holdings' Current Ratio too high?
Change Holdings' current Current Ratio of 2.00 is 39% below median its 10-year median of 3.30. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.94. The Software industry median Current Ratio is 1.82. Change Holdings' value of 2.00 is 9.9% above this industry median. Based on the distribution chart, Change Holdings ranks #1282 out of 2864 companies in the Software industry, which is above the industry midpoint. Overall, Change Holdings has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Change Holdings' Current Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Change Holdings ranks #1282 out of 2864 companies for Current Ratio. This puts Change Holdings in the upper half of its industry. The industry median Current Ratio is 1.82. Change Holdings' value of 2.00 is 9.9% above this benchmark. Historically, Change Holdings' own Current Ratio has ranged from 2.00 to 5.94 over the past decade. While the company's 10-year median is 3.30 vs. the industry median of 1.82, Change Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Software company?
The median Current Ratio among Software companies is 1.82, based on 2,864 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Change Holdings's current Current Ratio of 2.00 is 9.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median Current Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Change Holdings's current Current Ratio is 2.00, which is 39% below median its own 10-year median of 3.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Change Holdings stock overvalued right now?
Based on GuruFocus' analysis, Change Holdings (TSE:3962) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,868.99, compared to a current price of 円914.00 — trading 51.1% below its estimated fair value. The current Current Ratio is 2.00, which is 39% below median its 10-year median of 3.30 and 9.9% above the Software industry median of 1.82. Change Holdings' overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Change Holdings (TSE:3962), the current Current Ratio is 2.00 as of Mar. 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 Change Holdings (TSE:3962) Overvalued in 2026?
Based on GuruFocus' analysis, Change Holdings stock appears to be undervalued.
The current stock price of 円914.00 is trading 51.1% below its estimated GF Value™ of 円1,868.99.
GuruFocus considers Change Holdings to be Significantly Undervalued.
Key valuation signals for TSE:3962:
Current Ratio: 2.00 (39% below median its 10-year median of 3.30)
GF Value™: 円1,868.99 vs. price of 円914.00 (51.1% below fair value)
Industry Position: 9.9% above the Software median (#1282 of 2864)
No single metric tells the full story. See the TSE:3962 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Change Holdings Inc provides mobility, IoT (Internet of Things) data, security and IT human resources training services. It segments are: Public Tech and NEW-IT Transformation Business. The Public Tech segment covers local government support projects that aims to realize high value-added resident services by utilizing ICT technology to promote the improvement of local government business productivity. The NEW-IT Transformation Business segment promotes digital transformation through various algorithms such as AI, voice Internet, mobility, IoT, cloud, security, services utilizing basic technology, and training for digital human resources. It also provides digital transformation solutions by combining libraries based on customer needs to realize customer digital transformation.
69GF Score
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