Change HoldingsTSE:3962 +2.69%73 FCF Yield % is 9.94 as of Jul. 03, 2026, which is 369% above its 10-year median of 2.12. GuruFocus rates TSE:3962 with a GF Score™ of 73/100 and a GF Value™ of 円1,868.02 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,867 Software companies, Change Holdings ranks better than 85.28% on this metric.
FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.
Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.
Change Holdings FCF Yield % Related Terms
Change Holdings FCF Yield % Historical Data
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The historical data trend for Change Holdings's FCF Yield % 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 Yield % Comparison
For the Information Technology Services subindustry, Change Holdings's FCF Yield %, along with its competitors' market caps and FCF Yield % 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 Yield % vs Software Industry
For the Software industry and Technology sector, Change Holdings's FCF Yield % distribution charts can be found below:
* The bar in red indicates where Change Holdings's FCF Yield % 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 Yield % of 9.94 as of Jul. 03, 2026. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on Change Holdings and its competitors. This is 369% above median its historical median of 2.12. According to the industry distribution chart, Change Holdings ranks #422 out of 2867 companies in the Software industry, placing it in the top 14.7%.
Is Change Holdings' FCF Yield % too high?
Change Holdings' current FCF Yield % of 9.94 is 369% above median its 10-year median of 2.12. The Software industry median FCF Yield % is 0.90. Change Holdings' value of 9.94 is 1004.4% above this industry median. Based on the distribution chart, Change Holdings ranks #422 out of 2867 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 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Change Holdings' FCF Yield % compare to IBM and ACN?
According to the Software industry distribution chart, Change Holdings ranks #422 out of 2867 companies for FCF Yield %. This places Change Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median FCF Yield % is 0.90. Change Holdings' value of 9.94 is 1004.4% above this benchmark. While the company's 10-year median is 2.12 vs. the industry median of 0.90, 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 Yield % for a Software company?
The median FCF Yield % among Software companies is 0.90, based on 2,867 companies in the industry. Companies in the top quartile (top 25%) have a FCF Yield % significantly above this median, while those in the bottom quartile fall well below. However, FCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Change Holdings's current FCF Yield % of 9.94 is 1004.4% 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 Yield % mean?
A high FCF Yield % can signal that a stock is expensive relative to its fundamentals. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on Change Holdings and its competitors. For the Software industry, the median FCF Yield % is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Change Holdings's current FCF Yield % is 9.94, which is 369% above median its own 10-year median of 2.12. 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1,868.02, compared to a current price of 円917.00 — trading 50.9% below its estimated fair value. The current FCF Yield % is 9.94, which is 369% above median its 10-year median of 2.12 and 1004.4% above the Software industry median of 0.90. Change Holdings' overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Yield % calculated?
FCF Yield % is calculated from a company's financial statements. For Change Holdings (TSE:3962), the current FCF Yield % is 9.94 as of Jul. 03, 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917.00 is trading 50.9% below its estimated GF Value™ of 円1,868.02.
GuruFocus considers Change Holdings to be Significantly Undervalued.
Key valuation signals for TSE:3962:
FCF Yield %: 9.94 (369% above median its 10-year median of 2.12)
GF Value™: 円1,868.02 vs. price of 円917.00 (50.9% below fair value)
Industry Position: 1004.4% above the Software median (#422 of 2867)
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.
73GF Score
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