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). Change Holdings's share price for the quarter that ended in Mar. 2026 was 円930. Change Holdings's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 70 Mil. Therefore, Change Holdings's market cap for the quarter that ended in Mar. 2026 was 円64,708 Mil.
Change Holdings's quarterly market cap
declined
from Sep. 2025 (円79,390 Mil) to Dec. 2025 (円68,883 Mil) and
declined
from Dec. 2025 (円68,883 Mil) to Mar. 2026 (円64,708 Mil).
Change Holdings's annual market cap
declined
from Mar. 2024 (円89,865 Mil) to Mar. 2025 (円87,113 Mil) and
declined
from Mar. 2025 (円87,113 Mil) to Mar. 2026 (円64,708 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. Change Holdings's Enterprise Value for Today is 円74,550 Mil.
Change Holdings (TSE:3962) 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.
Change Holdings Market Cap Related Terms
Change Holdings Market Cap Historical Data
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The historical data trend for Change Holdings'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.
For the Information Technology Services subindustry, Change Holdings'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.
Change Holdings Market Cap vs Software Industry
For the Software industry and Technology sector, Change Holdings's Market Cap distribution charts can be found below:
* The bar in red indicates where Change Holdings'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.
Change Holdings's Market Cap for the fiscal year that ended in Mar. 2026 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.
Change Holdings (TSE:3962) has a Market Cap of 円63,595 Mil as of Jul. 04, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Change Holdings and its competitors. According to the industry distribution chart, Change Holdings ranks #819 out of 2929 companies in the Software industry, placing it in the top 28%.
Is Change Holdings' Market Cap too high?
Change Holdings' current Market Cap is 円63,595 Mil. Based on the distribution chart, Change Holdings ranks #819 out of 2929 companies in the Software industry, which is above the industry midpoint. 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' Market Cap compare to IBM and ACN?
According to the Software industry distribution chart, Change Holdings ranks #819 out of 2929 companies for Market Cap. This puts Change Holdings in the upper half of its industry. The industry median Market Cap is 67.92. 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 67.92, based on 2,929 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 Change Holdings and its competitors. For the Software industry, the median Market Cap is 67.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Change Holdings's current Market Cap is 円63,595 Mil. 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1,868.99, compared to a current price of 円914.00 — trading 51.1% below its estimated fair value. The current Market Cap is 円63,595 Mil. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Change Holdings (TSE:3962), the current Market Cap is 円63,595 Mil as of Jul. 04, 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914.00 is trading 51.1% below its estimated GF Value™ of 円1,868.99.
GuruFocus considers Change Holdings to be Significantly Undervalued.
Key valuation signals for TSE:3962:
Market Cap: 円63,595 Mil
GF Value™: 円1,868.99 vs. price of 円914.00 (51.1% below fair value)
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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