Change HoldingsTSE:3962 -0.32%74 FCF Margin % is 21.85% as of Mar. 2026, which is 69% above its 10-year median of 12.92. 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 2,815 Software companies, Change Holdings ranks better than 74.21% on this metric.
The historical rank and industry rank for Change Holdings's FCF Margin % or its related term are showing as below:
TSE:3962'
s FCF Margin % Range Over the Past 10 Years
Min: -21.63 Med: 12.92 Max: 41.31
Current: 12.02
During the past 11 years, the highest FCF Margin % of Change Holdings was 41.31%. The lowest was -21.63%. And the median was 12.92%.
TSE:3962's FCF Margin % is ranked better than 74.21% of 2815
companies
in the Software industry
Industry Median: 2.41
vs TSE:3962: 12.02
Change Holdings FCF Margin % Related Terms
Change Holdings FCF Margin % Historical Data
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The historical data trend for Change Holdings's FCF 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: FCF Margin % Comparison
For the Information Technology Services subindustry, Change Holdings's FCF Margin %, along with its competitors' market caps and FCF 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 FCF Margin % vs Software Industry
For the Software industry and Technology sector, Change Holdings's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Change Holdings's FCF 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 FCF Margin % of 21.85% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Change Holdings and its competitors. This is 69% above median its historical median of 12.92. According to the industry distribution chart, Change Holdings ranks #726 out of 2815 companies in the Software industry, placing it in the top 25.8%.
Is Change Holdings' FCF Margin % too high?
Change Holdings' current FCF Margin % of 21.85% is 69% above median its 10-year median of 12.92. The Software industry median FCF Margin % is 2.41. Change Holdings' value of 21.85% is 806.6% above this industry median. Based on the distribution chart, Change Holdings ranks #726 out of 2815 companies in the Software industry, which is above the industry midpoint. 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' FCF Margin % compare to IBM and ACN?
According to the Software industry distribution chart, Change Holdings ranks #726 out of 2815 companies for FCF Margin %. This puts Change Holdings in the upper half of its industry. The industry median FCF Margin % is 2.41. Change Holdings' value of 21.85% is 806.6% above this benchmark. While the company's 10-year median is 12.92 vs. the industry median of 2.41, 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 FCF Margin % for a Software company?
The median FCF Margin % among Software companies is 2.41, based on 2,815 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Change Holdings's current FCF Margin % of 21.85% is 806.6% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Change Holdings and its competitors. For the Software industry, the median FCF Margin % is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Change Holdings's current FCF Margin % is 21.85%, which is 69% above median its own 10-year median of 12.92. 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 FCF Margin % is 21.85%, which is 69% above median its 10-year median of 12.92 and 806.6% above the Software industry median of 2.41. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Change Holdings (TSE:3962), the current FCF Margin % is 21.85% 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:
FCF Margin %: 21.85% (69% above median its 10-year median of 12.92)
GF Value™: 円1,861.20 vs. price of 円937.00 (49.7% below fair value)
Industry Position: 806.6% above the Software median (#726 of 2815)
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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