Change HoldingsTSE:3962 -0.33%69 OCF Yield % is 11.40 as of Jul. 06, 2026, which is 292% above its 10-year median of 2.91. GuruFocus rates TSE:3962 with a GF Score™ of 69/100 and a GF Value™ of 円1,870.94 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,861 Software companies, Change Holdings ranks better than 81.2% on this metric.
OCF Yield % is calculated as Cash Flow from Operations divided by Market Capitalization. It is a financial solvency ratio that compares the operating cash flow a company is expected to earn against its market value.
Similar to Earnings Yield %, OCF 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 operating 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 OCF Yield % Related Terms
Change Holdings OCF Yield % Historical Data
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The historical data trend for Change Holdings's OCF 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: OCF Yield % Comparison
For the Information Technology Services subindustry, Change Holdings's OCF Yield %, along with its competitors' market caps and OCF 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 OCF Yield % vs Software Industry
For the Software industry and Technology sector, Change Holdings's OCF Yield % distribution charts can be found below:
* The bar in red indicates where Change Holdings's OCF 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 OCF Yield % of 11.40 as of Jul. 06, 2026. OCF Yield is calculated as Cash Flow from Operations divided by Market Capitalization. View historical data on Change Holdings and its competitors. This is 292% above median its historical median of 2.91. According to the industry distribution chart, Change Holdings ranks #538 out of 2861 companies in the Software industry, placing it in the top 18.8%.
Is Change Holdings' OCF Yield % too high?
Change Holdings' current OCF Yield % of 11.40 is 292% above median its 10-year median of 2.91. The Software industry median OCF Yield % is 3.08. Change Holdings' value of 11.40 is 270.1% above this industry median. Based on the distribution chart, Change Holdings ranks #538 out of 2861 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 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Change Holdings' OCF Yield % compare to IBM and ACN?
According to the Software industry distribution chart, Change Holdings ranks #538 out of 2861 companies for OCF Yield %. This places Change Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median OCF Yield % is 3.08. Change Holdings' value of 11.40 is 270.1% above this benchmark. While the company's 10-year median is 2.91 vs. the industry median of 3.08, 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 OCF Yield % for a Software company?
The median OCF Yield % among Software companies is 3.08, based on 2,861 companies in the industry. Companies in the top quartile (top 25%) have a OCF Yield % significantly above this median, while those in the bottom quartile fall well below. However, OCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Change Holdings's current OCF Yield % of 11.40 is 270.1% 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 OCF Yield % mean?
A high OCF Yield % can signal that a stock is expensive relative to its fundamentals. OCF Yield is calculated as Cash Flow from Operations divided by Market Capitalization. View historical data on Change Holdings and its competitors. For the Software industry, the median OCF Yield % is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Change Holdings's current OCF Yield % is 11.40, which is 292% above median its own 10-year median of 2.91. 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1,870.94, compared to a current price of 円914.00 — trading 51.1% below its estimated fair value. The current OCF Yield % is 11.40, which is 292% above median its 10-year median of 2.91 and 270.1% above the Software industry median of 3.08. Change Holdings' overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Yield % calculated?
OCF Yield % is calculated from a company's financial statements. For Change Holdings (TSE:3962), the current OCF Yield % is 11.40 as of Jul. 06, 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1,870.94.
GuruFocus considers Change Holdings to be Significantly Undervalued.
Key valuation signals for TSE:3962:
OCF Yield %: 11.40 (292% above median its 10-year median of 2.91)
GF Value™: 円1,870.94 vs. price of 円914.00 (51.1% below fair value)
Industry Position: 270.1% above the Software median (#538 of 2861)
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.
69GF Score
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