Project Holdings (TSE:9246) ROE %: 0.00% (As of Dec. 2025)


TSE:9246 Project Holdings Inc TSE:9246
76 GF Score
Price 円988.00
GF Value 円1,650.09
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Project Holdings ROE %?

Project Holdings TSE:9246 -1.20% 76 ROE % is 0.00% as of Dec. 2025. GuruFocus rates TSE:9246 with a GF Score™ of 76/100 and a GF Value™ of 円1,650.09 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,059 Business Services companies, Project Holdings ranks worse than 72.71% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Project Holdings's annualized net income for the quarter that ended in Dec. 2025 was 円0 Mil. Project Holdings's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was 円2,200 Mil. Therefore, Project Holdings's annualized ROE % for the quarter that ended in Dec. 2025 was 0.00%.

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

TSE:9246' s ROE % Range Over the Past 10 Years
Min: -16.08   Med: 21.57   Max: 33.38
Current: 0.93

During the past 7 years, Project Holdings's highest ROE % was 33.38%. The lowest was -16.08%. And the median was 21.57%.

TSE:9246's ROE % is ranked worse than
72.71% of 1059 companies
in the Business Services industry
Industry Median: 8.09 vs TSE:9246: 0.93

Project Holdings  (TSE:9246) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=0/2200.2165
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0 / 0)*(0 / 4795.2115)*(4795.2115 / 2200.2165)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*2.1794
=ROA %*Equity Multiplier
=N/A %*2.1794
=0.00 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=0/2200.2165
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (0 / 0) * (0 / 0) * (0 / 0) * (0 / 4795.2115) * (4795.2115 / 2200.2165)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= N/A * N/A * N/A % * 0 * 2.1794
=0.00 %

Note: The net income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Project Holdings ROE % Related Terms


Project Holdings ROE % Historical Data

* Premium members only.

The historical data trend for Project Holdings's ROE % 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.

Project Holdings ROE % Chart

Project Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial 28.02 27.66 21.57 -16.08 5.63

Project Holdings Quarterly Data
Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
ROE % 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 0.00 7.72 -5.74 0.00 9.04

TSE:9246 vs VRSK, EFX, BAH: ROE % Comparison

For the Consulting Services subindustry, Project Holdings's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Business Services Industry

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

* The bar in red indicates where Project Holdings's ROE % falls into.


TSE:9246
76GF Score
Project Holdings Inc TSE:9246
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Project Holdings ROE % Calculation

Project Holdings's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=126.639/( (2241.833+2260.118)/ 2 )
=126.639/2250.9755
=5.63 %

Project Holdings's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=0/( (2140.315+2260.118)/ 2 )
=0/2200.2165
=0.00 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 0.00% mean?
Project Holdings (TSE:9246) has a ROE % of 0.00% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Project Holdings and its competitors. According to the industry distribution chart, Project Holdings ranks #770 out of 1059 companies in the Business Services industry, placing it in the top 72.7%.
Is Project Holdings' ROE % too high?
Project Holdings' current ROE % is 0.00%. Based on the distribution chart, Project Holdings ranks #770 out of 1059 companies in the Business Services industry, which is below the industry midpoint. Overall, Project Holdings has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Project Holdings' ROE % compare to VRSK and EFX?
According to the Business Services industry distribution chart, Project Holdings ranks #770 out of 1059 companies for ROE %. This places Project Holdings in the lower half of its industry. The industry median ROE % is 8.09. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Business Services company?
The median ROE % among Business Services companies is 8.09, based on 1,059 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Project Holdings and its competitors. For the Business Services industry, the median ROE % is 8.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Project Holdings's current ROE % is 0.00%. 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1,650.09, compared to a current price of 円988.00 — trading 40.1% below its estimated fair value. The current ROE % is 0.00%. Project Holdings' overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Project Holdings (TSE:9246), the current ROE % is 0.00% 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988.00 is trading 40.1% below its estimated GF Value™ of 円1,650.09. GuruFocus considers Project Holdings to be Significantly Undervalued.

Key valuation signals for TSE:9246:

  • ROE %: 0.00%
  • GF Value™: 円1,650.09 vs. price of 円988.00 (40.1% below fair value)
  • GF Score™: 76/100 with 5 warning signs

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.
76GF Score

Get the complete analysis for TSE:9246

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

円988.00
Price
円1,650.09
GF Value