ASBRF (Asahi Group Holdings) Debt-to-Equity: 0.55 (As of Dec. 2025) — 26% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASBRF Asahi Group Holdings Ltd ASBRF
86 GF Score
Price $9.75
GF Value $12.63
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Asahi Group Holdings Debt-to-Equity?

Asahi Group Holdings ASBRF 86 Debt-to-Equity is 0.55 as of Dec. 2025, which is 26% below its 10-year median of 0.74. GuruFocus rates ASBRF with a GF Score™ of 86/100 and a GF Value™ of $12.63 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 181 Beverages - Alcoholic companies, Asahi Group Holdings ranks worse than 60.77% on this metric.

Asahi Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $5,380 Mil. Asahi Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $5,166 Mil. Asahi Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $19,261 Mil. Asahi Group Holdings's debt to equity for the quarter that ended in Dec. 2025 was 0.55.

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 Asahi Group Holdings's Debt-to-Equity or its related term are showing as below:

ASBRF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48   Med: 0.74   Max: 1.2
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Asahi Group Holdings was 1.20. The lowest was 0.48. And the median was 0.74.

ASBRF's Debt-to-Equity is ranked worse than
60.77% of 181 companies
in the Beverages - Alcoholic industry
Industry Median: 0.38 vs ASBRF: 0.55

Asahi Group Holdings  (OTCPK:ASBRF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Asahi Group Holdings Debt-to-Equity Related Terms


Asahi Group Holdings Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Asahi Group 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.

Asahi Group Holdings Debt-to-Equity Chart

Asahi Group Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 0.73 0.57 0.48 0.55

Asahi Group Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Debt-to-Equity 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 0.48 0.59 0.54 0.50 0.55

ASBRF vs BUD, STZ, TAP: Debt-to-Equity Comparison

For the Beverages - Brewers subindustry, Asahi Group 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.


Asahi Group Holdings Debt-to-Equity vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Asahi Group Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Asahi Group Holdings's Debt-to-Equity falls into.


ASBRF
86GF Score
Asahi Group Holdings Ltd ASBRF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Asahi Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asahi Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Asahi Group Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2025 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.55 mean?
Asahi Group Holdings (ASBRF) has a Debt-to-Equity of 0.55 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Asahi Group Holdings and its competitors. This is 26% below median its historical median of 0.74. Over the past decade, Asahi Group Holdings' Debt-to-Equity has ranged from 0.48 to 1.20. According to the industry distribution chart, Asahi Group Holdings ranks #110 out of 181 companies in the Beverages - Alcoholic industry, placing it in the top 60.8%.
Is Asahi Group Holdings' Debt-to-Equity too high?
Asahi Group Holdings' current Debt-to-Equity of 0.55 is 26% below median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.20. The Beverages - Alcoholic industry median Debt-to-Equity is 0.38. Asahi Group Holdings' value of 0.55 is 44.7% above this industry median. Based on the distribution chart, Asahi Group Holdings ranks #110 out of 181 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Asahi Group Holdings has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Group Holdings' Debt-to-Equity compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Asahi Group Holdings ranks #110 out of 181 companies for Debt-to-Equity. This places Asahi Group Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.38. Asahi Group Holdings' value of 0.55 is 44.7% above this benchmark. Historically, Asahi Group Holdings' own Debt-to-Equity has ranged from 0.48 to 1.20 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.38, Asahi Group 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 Beverages - Alcoholic company?
The median Debt-to-Equity among Beverages - Alcoholic companies is 0.38, based on 181 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. Asahi Group Holdings's current Debt-to-Equity of 0.55 is 44.7% 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 Asahi Group Holdings and its competitors. For the Beverages - Alcoholic industry, the median Debt-to-Equity is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Group Holdings's current Debt-to-Equity is 0.55, which is 26% below median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asahi Group Holdings (ASBRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $12.63, compared to a current price of $9.75 — trading 22.8% below its estimated fair value. The current Debt-to-Equity is 0.55, which is 26% below median its 10-year median of 0.74 and 44.7% above the Beverages - Alcoholic industry median of 0.38. Asahi Group Holdings' overall GF Score™ is 86/100 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 Asahi Group Holdings (ASBRF), the current Debt-to-Equity is 0.55 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 Asahi Group Holdings (ASBRF) Overvalued in 2026?

Based on GuruFocus' analysis, Asahi Group Holdings stock appears to be undervalued. The current stock price of $9.75 is trading 22.8% below its estimated GF Value™ of $12.63. GuruFocus considers Asahi Group Holdings to be Modestly Undervalued.

Key valuation signals for ASBRF:

  • Debt-to-Equity: 0.55 (26% below median its 10-year median of 0.74)
  • GF Value™: $12.63 vs. price of $9.75 (22.8% below fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 44.7% above the Beverages - Alcoholic median (#110 of 181)

No single metric tells the full story. See the ASBRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asahi Group Holdings Business Description

Address 1-23-1 Azumabashi, Sumida-ku, Tokyo, JPN, 130-8602
Asahi is the largest brewer in Japan with a nearly 40% market share, led by its Asahi Super Dry brand. It also operates a wide range of alcoholic and soft beverage products as well as packaged foods, mainly in Japan. Overseas markets accounted for over half of the company's revenue and close to 60% of operating profit, with Australia and Europe being two major markets. It acquired SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017 from Anheuser-Busch InBev. In Australia, Asahi holds market leaderships across beer and soft drinks segments, through its acquisitions of Schweppes Australia in 2009 and Carlton & United Breweries in 2020.
86GF Score

Get the complete analysis for ASBRF

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

$9.75
Price
$12.63
GF Value