Change Holdings (TSE:3962) ROE % Adjusted to Book Value: 0.34% (As of Mar. 2026)


TSE:3962 Change Holdings Inc TSE:3962
69 GF Score
Price 円917.00
GF Value 円1,872.88
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Change Holdings ROE % Adjusted to Book Value?

Change Holdings TSE:3962 -0.54% 69 ROE % Adjusted to Book Value is 0.34% as of Mar. 2026. GuruFocus rates TSE:3962 with a GF Score™ of 69/100 and a GF Value™ of 円1,872.88 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Change Holdings's ROE % for the quarter that ended in Mar. 2026 was 0.47%. Change Holdings's PB Ratio for the quarter that ended in Mar. 2026 was 1.38. Change Holdings's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 0.34%.


Change Holdings ROE % Adjusted to Book Value Related Terms


Change Holdings ROE % Adjusted to Book Value Historical Data

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The historical data trend for Change Holdings's ROE % Adjusted to Book Value 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.

Change Holdings ROE % Adjusted to Book Value Chart

Change Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.86 2.48 4.92 8.78 11.43

Change Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 -3.32 2.33 5.56 32.64 0.34

TSE:3962 vs IBM, ACN, FISV: ROE % Adjusted to Book Value Comparison

For the Information Technology Services subindustry, Change Holdings's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Software Industry

For the Software industry and Technology sector, Change Holdings's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Change Holdings's ROE % Adjusted to Book Value falls into.


TSE:3962
69GF Score
Change Holdings Inc TSE:3962
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Change Holdings ROE % Adjusted to Book Value Calculation

Change Holdings's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=15.78% / 1.38
=11.43%

Change Holdings's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=0.47% / 1.38
=0.34%

* 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.

What does a ROE % Adjusted to Book Value of 0.34% mean?
Change Holdings (TSE:3962) has a ROE % Adjusted to Book Value of 0.34% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Change Holdings and its competitors.
Is Change Holdings' ROE % Adjusted to Book Value too high?
Change Holdings' current ROE % Adjusted to Book Value is 0.34%. 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' ROE % Adjusted to Book Value compare to IBM and ACN?
Change Holdings' ROE % Adjusted to Book Value of 0.34% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Software company?
A good ROE % Adjusted to Book Value depends on the Software industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Change Holdings and its competitors. Change Holdings's current ROE % Adjusted to Book Value is 0.34%. 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1,872.88, compared to a current price of 円917.00 — trading 51% below its estimated fair value. The current ROE % Adjusted to Book Value is 0.34%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Change Holdings (TSE:3962), the current ROE % Adjusted to Book Value is 0.34% as of Mar. 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 51% below its estimated GF Value™ of 円1,872.88. GuruFocus considers Change Holdings to be Significantly Undervalued.

Key valuation signals for TSE:3962:

  • ROE % Adjusted to Book Value: 0.34%
  • GF Value™: 円1,872.88 vs. price of 円917.00 (51% below fair value)
  • GF Score™: 69/100 with 5 warning signs

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 Business Description

Address 3-17-1 Toranomon, 6th Floor, TOKYU REIT Toranomon Building, Minato-ku, Tokyo, JPN, 105-0001
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

Get the complete analysis for TSE:3962

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円917.00
Price
円1,872.88
GF Value