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Applied EnergeticsAERG -0.78%28 Debt-to-Equity is 0.17 as of Mar. 2026, which is at its 10-year median of 0.17. GuruFocus rates AERG with a GF Score™ of 28/100 and a GF Value™ of $0.32 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,219 Hardware companies, Applied Energetics ranks better than 62.96% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Applied Energetics's Debt-to-Equity or its related term are showing as below:
AERG'
s Debt-to-Equity Range Over the Past 10 Years
Min: -60.38 Med: 0.17 Max: 3.2
Current: 0.17
During the past 13 years, the highest Debt-to-Equity Ratio of Applied Energetics was 3.20. The lowest was -60.38. And the median was 0.17.
AERG's Debt-to-Equity is ranked better than 62.96% of 2219
companies
in the Hardware industry
Industry Median: 0.27
vs AERG: 0.17
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Applied Energetics Debt-to-Equity Related Terms
Applied Energetics Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Applied Energetics's Debt-to-Equity 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.
AERG vs USBC, WRAP, MVIS: Debt-to-Equity Comparison
For the Scientific & Technical Instruments subindustry, Applied Energetics's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Applied Energetics Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Applied Energetics's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Applied Energetics's Debt-to-Equity 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.
Applied Energetics (AERG) has a Debt-to-Equity of 0.17 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Applied Energetics and its competitors. This is near median its historical median of 0.17. According to the industry distribution chart, Applied Energetics ranks #822 out of 2219 companies in the Hardware industry, placing it in the top 37%.
Is Applied Energetics' Debt-to-Equity too high?
Applied Energetics' current Debt-to-Equity of 0.17 is near median its 10-year median of 0.17. The Hardware industry median Debt-to-Equity is 0.27. Applied Energetics' value of 0.17 is 37% below this industry median. Based on the distribution chart, Applied Energetics ranks #822 out of 2219 companies in the Hardware industry, which is above the industry midpoint. Overall, Applied Energetics has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Energetics' Debt-to-Equity compare to USBC and WRAP?
According to the Hardware industry distribution chart, Applied Energetics ranks #822 out of 2219 companies for Debt-to-Equity. This puts Applied Energetics in the upper half of its industry. The industry median Debt-to-Equity is 0.27. Applied Energetics' value of 0.17 is 37% below this benchmark. While the company's 10-year median is 0.17 vs. the industry median of 0.27, Applied Energetics has consistently been below 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 Debt-to-Equity for a Hardware company?
The median Debt-to-Equity among Hardware companies is 0.27, based on 2,219 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Applied Energetics's current Debt-to-Equity of 0.17 is 37% below 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Applied Energetics and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Energetics's current Debt-to-Equity is 0.17, which is near median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Energetics stock overvalued right now?
Based on GuruFocus' analysis, Applied Energetics (AERG) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.32, compared to a current price of $1.27 — trading 296.9% above its estimated fair value. The current Debt-to-Equity is 0.17, which is near median its 10-year median of 0.17 and 37% below the Hardware industry median of 0.27. Applied Energetics' overall GF Score™ is 28/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Applied Energetics (AERG), the current Debt-to-Equity is 0.17 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 Applied Energetics (AERG) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Energetics stock appears to be overvalued.
The current stock price of $1.27 is trading 296.9% above its estimated GF Value™ of $0.32.
GuruFocus considers Applied Energetics to be Significantly Overvalued.
Key valuation signals for AERG:
Debt-to-Equity: 0.17 (near median its 10-year median of 0.17)
GF Value™: $0.32 vs. price of $1.27 (296.9% above fair value)
Industry Position: 37% below the Hardware median (#822 of 2219)
No single metric tells the full story. See the AERG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Energetics Inc specializes in laser and photonics systems, particularly fiber-based ultrashort pulse (USP) laser technologies. Its powerful, dual-use systems are designed for integration and deployment on numerous potential defense platforms for the delivery of high-intensity, ultrashort pulses of light to disable or destroy a target or disrupt a mission. These technologies have applications in both national security and commercial markets. The company operates as one operating segment with a focus on the development and manufacture of high-performance lasers and optical systems, and integrated guided energy systems, for prospective defense, national security, industrial, biomedical, and scientific customers across the world.
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