Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Billing System's share price for the quarter that ended in Dec. 2025 was 円991. Billing System's Shares Outstanding (EOP) for the quarter that ended in Dec. 2025 was 6 Mil. Therefore, Billing System's market cap for the quarter that ended in Dec. 2025 was 円6,232 Mil.
Billing System's quarterly market cap
increased
from Jun. 2025 (円6,666 Mil) to Sep. 2025 (円7,019 Mil) but then
declined
from Sep. 2025 (円7,019 Mil) to Dec. 2025 (円6,232 Mil).
Billing System's annual market cap
increased
from Dec. 2023 (円5,912 Mil) to Dec. 2024 (円8,673 Mil) but then
declined
from Dec. 2024 (円8,673 Mil) to Dec. 2025 (円6,232 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Billing System's Enterprise Value for Today is 円-24,947 Mil.
Billing System (TSE:3623) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Billing System Market Cap Related Terms
Billing System Market Cap Historical Data
* Premium members only.
The historical data trend for Billing System's Market Cap 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:3623 vs MSFT, ORCL, PLTR: Market Cap Comparison
For the Software - Infrastructure subindustry, Billing System's Market Cap, along with its competitors' market caps and Market Cap 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.
Billing System Market Cap vs Software Industry
For the Software industry and Technology sector, Billing System's Market Cap distribution charts can be found below:
* The bar in red indicates where Billing System's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Billing System's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Billing System (TSE:3623) has a Market Cap of 円6,384 Mil as of Jul. 13, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Billing System and its competitors. According to the industry distribution chart, Billing System ranks #1701 out of 2931 companies in the Software industry, placing it in the top 58%.
Is Billing System's Market Cap too high?
Billing System's current Market Cap is 円6,384 Mil. Based on the distribution chart, Billing System ranks #1701 out of 2931 companies in the Software industry, which is below the industry midpoint. Overall, Billing System has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Billing System's Market Cap compare to MSFT and ORCL?
According to the Software industry distribution chart, Billing System ranks #1701 out of 2931 companies for Market Cap. This places Billing System in the lower half of its industry. The industry median Market Cap is 68.97. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Software company?
The median Market Cap among Software companies is 68.97, based on 2,931 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Billing System and its competitors. For the Software industry, the median Market Cap is 68.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Billing System's current Market Cap is 円6,384 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Billing System stock overvalued right now?
Based on GuruFocus' analysis, Billing System (TSE:3623) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,338.16, compared to a current price of 円1,024.00 — trading 23.5% below its estimated fair value. The current Market Cap is 円6,384 Mil. Billing System's overall GF Score™ is 69/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Billing System (TSE:3623), the current Market Cap is 円6,384 Mil as of Jul. 13, 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 Billing System (TSE:3623) Overvalued in 2026?
Based on GuruFocus' analysis, Billing System stock appears to be undervalued.
The current stock price of 円1,024.00 is trading 23.5% below its estimated GF Value™ of 円1,338.16.
GuruFocus considers Billing System to be Modestly Undervalued.
Key valuation signals for TSE:3623:
Market Cap: 円6,384 Mil
GF Value™: 円1,338.16 vs. price of 円1,024.00 (23.5% below fair value)
No single metric tells the full story. See the TSE:3623 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Billing System Corp offers a variety of payment services, including collection agency services, remittance support, smartphone payment service PayB, and more. It also support the introduction of in-store payments such as WeChat Pay, Alipay+, and PayPay, as well as the development and operation of WeChat mini-programs.
69GF Score
Get the complete analysis for TSE:3623
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3623 has been successfully added to your 
