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ANA HoldingsALNPY 79 Debt-to-Equity is 0.85 as of Jun. 2026, which is 29% below its 10-year median of 1.19. GuruFocus rates ALNPY with a GF Score™ of 79/100 and a GF Value™ of $4.11 (Fairly Valued). The stock has 3 warning signs investors should review. Among 909 Transportation companies, ANA Holdings ranks worse than 64.58% 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 ANA Holdings's Debt-to-Equity or its related term are showing as below:
ALNPY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 1.19 Max: 2.22
Current: 0.85
During the past 13 years, the highest Debt-to-Equity Ratio of ANA Holdings was 2.22. The lowest was 0.72. And the median was 1.19.
ALNPY's Debt-to-Equity is ranked worse than 64.58% of 909
companies
in the Transportation industry
Industry Median: 0.54
vs ALNPY: 0.85
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.
ANA Holdings Debt-to-Equity Related Terms
ANA Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for ANA Holdings'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.
For the Airlines subindustry, ANA Holdings'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.
ANA Holdings Debt-to-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, ANA Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where ANA Holdings'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.
ANA Holdings (ALNPY) has a Debt-to-Equity of 0.85 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ANA Holdings and its competitors. This is 29% below median its historical median of 1.19. Over the past decade, ANA Holdings' Debt-to-Equity has ranged from 0.72 to 2.22. According to the industry distribution chart, ANA Holdings ranks #587 out of 909 companies in the Transportation industry, placing it in the top 64.6%.
Is ANA Holdings' Debt-to-Equity too high?
ANA Holdings' current Debt-to-Equity of 0.85 is 29% below median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 2.22. The Transportation industry median Debt-to-Equity is 0.54. ANA Holdings' value of 0.85 is 57.4% above this industry median. Based on the distribution chart, ANA Holdings ranks #587 out of 909 companies in the Transportation industry, which is below the industry midpoint. Overall, ANA Holdings has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ANA Holdings' Debt-to-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, ANA Holdings ranks #587 out of 909 companies for Debt-to-Equity. This places ANA Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.54. ANA Holdings' value of 0.85 is 57.4% above this benchmark. Historically, ANA Holdings' own Debt-to-Equity has ranged from 0.72 to 2.22 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 0.54, ANA 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 Debt-to-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.54, based on 909 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. ANA Holdings's current Debt-to-Equity of 0.85 is 57.4% 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 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 ANA Holdings and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ANA Holdings's current Debt-to-Equity is 0.85, which is 29% below median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANA Holdings stock overvalued right now?
Based on GuruFocus' analysis, ANA Holdings (ALNPY) is currently considered Fairly Valued. The stock's GF Value™ is $4.11, compared to a current price of $3.94 — trading 4.1% below its estimated fair value. The current Debt-to-Equity is 0.85, which is 29% below median its 10-year median of 1.19 and 57.4% above the Transportation industry median of 0.54. ANA Holdings' overall GF Score™ is 79/100 with 3 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 ANA Holdings (ALNPY), the current Debt-to-Equity is 0.85 as of Jun. 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 ANA Holdings (ALNPY) Overvalued in 2026?
Based on GuruFocus' analysis, ANA Holdings stock appears to be undervalued.
The current stock price of $3.94 is trading 4.1% below its estimated GF Value™ of $4.11.
GuruFocus considers ANA Holdings to be Fairly Valued.
Key valuation signals for ALNPY:
Debt-to-Equity: 0.85 (29% below median its 10-year median of 1.19)
GF Value™: $4.11 vs. price of $3.94 (4.1% below fair value)
Industry Position: 57.4% above the Transportation median (#587 of 909)
No single metric tells the full story. See the ALNPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. Air Japan, which was launched to provide discount flights to Southeast Asia, will cease in 2026. Prior to covid-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.
79GF Score
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