Project Holdings (TSE:9246) Interest Coverage: 15.40 (As of Dec. 2025) — 76% Below Median

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TSE:9246 Project Holdings Inc TSE:9246
77 GF Score
Price 円1,057.00
GF Value 円1,768.92
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Project Holdings Interest Coverage?

Project Holdings TSE:9246 +0.57% 77 Interest Coverage is 15.40 as of Dec. 2025, which is 76% below its 10-year median of 64.31. GuruFocus rates TSE:9246 with a GF Score™ of 77/100 and a GF Value™ of 円1,768.92 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 810 Business Services companies, Project Holdings ranks worse than 86.42% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Project Holdings's Operating Income for the three months ended in Dec. 2025 was 円90 Mil. Project Holdings's Interest Expense for the three months ended in Dec. 2025 was 円-6 Mil. Project Holdings's interest coverage for the quarter that ended in Dec. 2025 was 15.40. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Project Holdings's Interest Coverage or its related term are showing as below:

TSE:9246' s Interest Coverage Range Over the Past 10 Years
Min: 1.86   Med: 64.31   Max: 338.84
Current: 1.86


TSE:9246's Interest Coverage is ranked worse than
86.42% of 810 companies
in the Business Services industry
Industry Median: 13.24 vs TSE:9246: 1.86

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Project Holdings  (TSE:9246) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Project Holdings Interest Coverage Related Terms


Project Holdings Interest Coverage Historical Data

* Premium members only.

The historical data trend for Project Holdings's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Project Holdings Interest Coverage Chart

Project Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial 192.33 338.84 70.28 0.00 5.99

Project Holdings Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage 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 10.45 0.00 N/A 15.40 18.47

TSE:9246 vs VRSK, EFX, BAH: Interest Coverage Comparison

For the Consulting Services subindustry, Project Holdings's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.


Project Holdings Interest Coverage vs Business Services Industry

For the Business Services industry and Industrials sector, Project Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Project Holdings's Interest Coverage falls into.


TSE:9246
77GF Score
Project Holdings Inc TSE:9246
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Project Holdings Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Project Holdings's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Project Holdings's Interest Expense was 円-26 Mil. Its Operating Income was 円156 Mil. And its Long-Term Debt & Capital Lease Obligation was 円736 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*155.681/-26.009
=5.99

Project Holdings's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the three months ended in Dec. 2025, Project Holdings's Interest Expense was 円-6 Mil. Its Operating Income was 円90 Mil. And its Long-Term Debt & Capital Lease Obligation was 円736 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*89.528/-5.812
=15.40

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 15.40 mean?
Project Holdings (TSE:9246) has a Interest Coverage of 15.40 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Project Holdings and its competitors. This is 76% below median its historical median of 64.31. Over the past decade, Project Holdings' Interest Coverage has ranged from 1.86 to 338.84. According to the industry distribution chart, Project Holdings ranks #700 out of 810 companies in the Business Services industry, placing it in the top 86.4%.
Is Project Holdings' Interest Coverage too high?
Project Holdings' current Interest Coverage of 15.40 is 76% below median its 10-year median of 64.31. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 338.84. The Business Services industry median Interest Coverage is 13.24. Project Holdings' value of 15.40 is 16.3% above this industry median. Based on the distribution chart, Project Holdings ranks #700 out of 810 companies in the Business Services industry, which is in the bottom quartile relative to peers. 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' Interest Coverage compare to VRSK and EFX?
According to the Business Services industry distribution chart, Project Holdings ranks #700 out of 810 companies for Interest Coverage. This places Project Holdings in the lower half of its industry. The industry median Interest Coverage is 13.24. Project Holdings' value of 15.40 is 16.3% above this benchmark. Historically, Project Holdings' own Interest Coverage has ranged from 1.86 to 338.84 over the past decade. While the company's 10-year median is 64.31 vs. the industry median of 13.24, Project 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 Interest Coverage for a Business Services company?
The median Interest Coverage among Business Services companies is 13.24, based on 810 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Project Holdings's current Interest Coverage of 15.40 is 16.3% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Project Holdings and its competitors. For the Business Services industry, the median Interest Coverage is 13.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Project Holdings's current Interest Coverage is 15.40, which is 76% below median its own 10-year median of 64.31. 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1,768.92, compared to a current price of 円1,057.00 — trading 40.2% below its estimated fair value. The current Interest Coverage is 15.40, which is 76% below median its 10-year median of 64.31 and 16.3% above the Business Services industry median of 13.24. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Project Holdings (TSE:9246), the current Interest Coverage is 15.40 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1,057.00 is trading 40.2% below its estimated GF Value™ of 円1,768.92. GuruFocus considers Project Holdings to be Significantly Undervalued.

Key valuation signals for TSE:9246:

  • Interest Coverage: 15.40 (76% below median its 10-year median of 64.31)
  • GF Value™: 円1,768.92 vs. price of 円1,057.00 (40.2% below fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 16.3% above the Business Services median (#700 of 810)

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

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

円1,057.00
Price
円1,768.92
GF Value