Ashley Services GroupASX:ASH -1.85%57 Debt-to-Equity is 0.44 as of Dec. 2025, which is 33% above its 10-year median of 0.33. GuruFocus rates ASX:ASH with a GF Score™ of 57/100 and a GF Value™ of A$0.24 (Fairly Valued). The stock has 8 warning signs investors should review. Among 954 Business Services companies, Ashley Services Group ranks worse than 57.76% 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 Ashley Services Group's Debt-to-Equity or its related term are showing as below:
ASX:ASH'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.33 Max: 0.72
Current: 0.44
During the past 11 years, the highest Debt-to-Equity Ratio of Ashley Services Group was 0.72. The lowest was 0.00. And the median was 0.33.
ASX:ASH's Debt-to-Equity is ranked worse than 57.76% of 954
companies
in the Business Services industry
Industry Median: 0.33
vs ASX:ASH: 0.44
Ashley Services Group (ASX:ASH) Debt-to-Equity Explanation
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.
Ashley Services Group Debt-to-Equity Related Terms
Ashley Services Group Debt-to-Equity Historical Data
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The historical data trend for Ashley Services Group'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.
ASX:ASH vs KFY, RHI, TNET: Debt-to-Equity Comparison
For the Staffing & Employment Services subindustry, Ashley Services Group'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.
Ashley Services Group Debt-to-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Ashley Services Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ashley Services Group'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.
Ashley Services Group (ASX:ASH) has a Debt-to-Equity of 0.44 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ashley Services Group and its competitors. This is 33% above median its historical median of 0.33. According to the industry distribution chart, Ashley Services Group ranks #551 out of 954 companies in the Business Services industry, placing it in the top 57.8%.
Is Ashley Services Group's Debt-to-Equity too high?
Ashley Services Group's current Debt-to-Equity of 0.44 is 33% above median its 10-year median of 0.33. The Business Services industry median Debt-to-Equity is 0.33. Ashley Services Group's value of 0.44 is 33.3% above this industry median. Based on the distribution chart, Ashley Services Group ranks #551 out of 954 companies in the Business Services industry, which is below the industry midpoint. Overall, Ashley Services Group has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ashley Services Group's Debt-to-Equity compare to KFY and RHI?
According to the Business Services industry distribution chart, Ashley Services Group ranks #551 out of 954 companies for Debt-to-Equity. This places Ashley Services Group in the lower half of its industry. The industry median Debt-to-Equity is 0.33. Ashley Services Group's value of 0.44 is 33.3% above this benchmark. While the company's 10-year median is 0.33 vs. the industry median of 0.33, Ashley Services Group 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 Business Services company?
The median Debt-to-Equity among Business Services companies is 0.33, based on 954 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. Ashley Services Group's current Debt-to-Equity of 0.44 is 33.3% 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 Ashley Services Group and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashley Services Group's current Debt-to-Equity is 0.44, which is 33% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashley Services Group stock overvalued right now?
Based on GuruFocus' analysis, Ashley Services Group (ASX:ASH) is currently considered Fairly Valued. The stock's GF Value™ is A$0.24, compared to a current price of A$0.27 — trading 10.4% above its estimated fair value. The current Debt-to-Equity is 0.44, which is 33% above median its 10-year median of 0.33 and 33.3% above the Business Services industry median of 0.33. Ashley Services Group's overall GF Score™ is 57/100 with 8 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 Ashley Services Group (ASX:ASH), the current Debt-to-Equity is 0.44 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 Ashley Services Group (ASX:ASH) Overvalued in 2026?
Based on GuruFocus' analysis, Ashley Services Group stock appears to be overvalued.
The current stock price of A$0.27 is trading 10.4% above its estimated GF Value™ of A$0.24.
GuruFocus considers Ashley Services Group to be Fairly Valued.
Key valuation signals for ASX:ASH:
Debt-to-Equity: 0.44 (33% above median its 10-year median of 0.33)
GF Value™: A$0.24 vs. price of A$0.27 (10.4% above fair value)
Industry Position: 33.3% above the Business Services median (#551 of 954)
No single metric tells the full story. See the ASX:ASH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashley Services Group Ltd is engaged in staffing services. It is an integrated Labour Hire, Recruitment, and Training organization that has been delivering workforce management and business improvement programs. The group operates in two operating segments, namely Labour hire and Training. The group derives maximum revenue from providing Labour hire services. The organization operates in Australia.
57GF Score
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