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Bell Financial GroupASX:BFG +0.66%51 Debt-to-Equity is 2.62 as of Dec. 2025, which is 8% above its 10-year median of 2.42. GuruFocus rates ASX:BFG with a GF Score™ of 51/100 and a GF Value™ of A$1.57 (Fairly Valued). The stock has 4 warning signs investors should review. Among 610 Capital Markets companies, Bell Financial Group ranks worse than 92.13% 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 Bell Financial Group's Debt-to-Equity or its related term are showing as below:
ASX:BFG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.52 Med: 2.42 Max: 2.79
Current: 2.62
During the past 13 years, the highest Debt-to-Equity Ratio of Bell Financial Group was 2.79. The lowest was 1.52. And the median was 2.42.
ASX:BFG's Debt-to-Equity is ranked worse than 92.13% of 610
companies
in the Capital Markets industry
Industry Median: 0.305
vs ASX:BFG: 2.62
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.
Bell Financial Group Debt-to-Equity Related Terms
Bell Financial Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Bell Financial 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:BFG vs MS, GS, SCHW: Debt-to-Equity Comparison
For the Capital Markets subindustry, Bell Financial 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.
Bell Financial Group Debt-to-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bell Financial Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Bell Financial 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.
Bell Financial Group (ASX:BFG) has a Debt-to-Equity of 2.62 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Bell Financial Group and its competitors. This is near median its historical median of 2.42. Over the past decade, Bell Financial Group's Debt-to-Equity has ranged from 1.52 to 2.79. According to the industry distribution chart, Bell Financial Group ranks #562 out of 610 companies in the Capital Markets industry, placing it in the top 92.1%.
Is Bell Financial Group's Debt-to-Equity too high?
Bell Financial Group's current Debt-to-Equity of 2.62 is near median its 10-year median of 2.42. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 2.79. The Capital Markets industry median Debt-to-Equity is 0.31. Bell Financial Group's value of 2.62 is 759% above this industry median. Based on the distribution chart, Bell Financial Group ranks #562 out of 610 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Bell Financial Group has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bell Financial Group's Debt-to-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Bell Financial Group ranks #562 out of 610 companies for Debt-to-Equity. This places Bell Financial Group in the lower half of its industry. The industry median Debt-to-Equity is 0.31. Bell Financial Group's value of 2.62 is 759% above this benchmark. Historically, Bell Financial Group's own Debt-to-Equity has ranged from 1.52 to 2.79 over the past decade. While the company's 10-year median is 2.42 vs. the industry median of 0.31, Bell Financial 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 Capital Markets company?
The median Debt-to-Equity among Capital Markets companies is 0.31, based on 610 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. Bell Financial Group's current Debt-to-Equity of 2.62 is 759% 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 Bell Financial Group and its competitors. For the Capital Markets industry, the median Debt-to-Equity is 0.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bell Financial Group's current Debt-to-Equity is 2.62, which is near median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bell Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Bell Financial Group (ASX:BFG) is currently considered Fairly Valued. The stock's GF Value™ is A$1.57, compared to a current price of A$1.54 — trading 2.2% below its estimated fair value. The current Debt-to-Equity is 2.62, which is near median its 10-year median of 2.42 and 759% above the Capital Markets industry median of 0.31. Bell Financial Group's overall GF Score™ is 51/100 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 Bell Financial Group (ASX:BFG), the current Debt-to-Equity is 2.62 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 Bell Financial Group (ASX:BFG) Overvalued in 2026?
Based on GuruFocus' analysis, Bell Financial Group stock appears to be undervalued.
The current stock price of A$1.54 is trading 2.2% below its estimated GF Value™ of A$1.57.
GuruFocus considers Bell Financial Group to be Fairly Valued.
Key valuation signals for ASX:BFG:
Debt-to-Equity: 2.62 (near median its 10-year median of 2.42)
GF Value™: A$1.57 vs. price of A$1.54 (2.2% below fair value)
Industry Position: 759% above the Capital Markets median (#562 of 610)
No single metric tells the full story. See the ASX:BFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bell Financial Group Ltd is a capital market service provider based in Australia. It is engaged in providing stockbroking, investment, and financial advisory services to private, institutional, and corporate clients. The reporting segments of the company are: Technology & Platforms, Products & Services, and Broking. Maximum revenue is generated from the Broking segment, which includes traditional retail client broking (Retail client focus) and traditional wholesale client broking services (Institutional and Wholesale client focus). The Technology & Platforms segment includes proprietary technology and platforms, including online broking, and the Products & Services segment represents its margin lending, cash, portfolio administration, and superannuation solutions products and services.
51GF Score
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