Change HoldingsTSE:3962 -0.32%74 EBITDA Margin % is 8.95% as of Mar. 2026, which is 66% below its 10-year median of 25.98. GuruFocus rates TSE:3962 with a GF Score™ of 74/100 and a GF Value™ of 円1,861.20 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,820 Software companies, Change Holdings ranks better than 85.46% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Change Holdings's EBITDA for the
three
months ended in Mar. 2026 was 円1,011 Mil. Change Holdings's Revenue for the
three
months ended in Mar. 2026 was 円11,300 Mil. Therefore, Change Holdings's EBITDA margin for the quarter that ended in Mar. 2026 was 8.95%.
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Change Holdings EBITDA Margin % Related Terms
Change Holdings EBITDA Margin % Historical Data
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The historical data trend for Change Holdings's EBITDA Margin % 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: EBITDA Margin % Comparison
For the Information Technology Services subindustry, Change Holdings's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Software Industry
For the Software industry and Technology sector, Change Holdings's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Change Holdings's EBITDA Margin % 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 EBITDA Margin % of 8.95% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Change Holdings and its competitors. This is 66% below median its historical median of 25.98. Over the past decade, Change Holdings' EBITDA Margin % has ranged from 12.02 to 45.29. According to the industry distribution chart, Change Holdings ranks #410 out of 2820 companies in the Software industry, placing it in the top 14.5%.
Is Change Holdings' EBITDA Margin % too high?
Change Holdings' current EBITDA Margin % of 8.95% is 66% below median its 10-year median of 25.98. Over the past 10 years, this metric has ranged from a low of 12.02 to a high of 45.29. The Software industry median EBITDA Margin % is 8.07. Change Holdings' value of 8.95% is 10.9% above this industry median. Based on the distribution chart, Change Holdings ranks #410 out of 2820 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Change Holdings has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Change Holdings' EBITDA Margin % compare to IBM and ACN?
According to the Software industry distribution chart, Change Holdings ranks #410 out of 2820 companies for EBITDA Margin %. This places Change Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 8.07. Change Holdings' value of 8.95% is 10.9% above this benchmark. Historically, Change Holdings' own EBITDA Margin % has ranged from 12.02 to 45.29 over the past decade. While the company's 10-year median is 25.98 vs. the industry median of 8.07, 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 EBITDA Margin % for a Software company?
The median EBITDA Margin % among Software companies is 8.07, based on 2,820 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Change Holdings's current EBITDA Margin % of 8.95% is 10.9% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Change Holdings and its competitors. For the Software industry, the median EBITDA Margin % is 8.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Change Holdings's current EBITDA Margin % is 8.95%, which is 66% below median its own 10-year median of 25.98. 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1,861.20, compared to a current price of 円937.00 — trading 49.7% below its estimated fair value. The current EBITDA Margin % is 8.95%, which is 66% below median its 10-year median of 25.98 and 10.9% above the Software industry median of 8.07. Change Holdings' overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Change Holdings (TSE:3962), the current EBITDA Margin % is 8.95% 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937.00 is trading 49.7% below its estimated GF Value™ of 円1,861.20.
GuruFocus considers Change Holdings to be Significantly Undervalued.
Key valuation signals for TSE:3962:
EBITDA Margin %: 8.95% (66% below median its 10-year median of 25.98)
GF Value™: 円1,861.20 vs. price of 円937.00 (49.7% below fair value)
Industry Position: 10.9% above the Software median (#410 of 2820)
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.
74GF Score
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