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Black Pearl GroupASX:BPG 22 Debt-to-Equity is 0.32 as of Mar. 2026, which is 23% above its 10-year median of 0.26. GuruFocus rates ASX:BPG with a GF Score™ of 22/100 and a GF Value™ of A$1.70 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,248 Software companies, Black Pearl Group ranks worse than 60.9% 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 Black Pearl Group's Debt-to-Equity or its related term are showing as below:
ASX:BPG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.26 Max: 1.34
Current: 0.32
During the past 4 years, the highest Debt-to-Equity Ratio of Black Pearl Group was 1.34. The lowest was 0.10. And the median was 0.26.
ASX:BPG's Debt-to-Equity is ranked worse than 60.9% of 2248
companies
in the Software industry
Industry Median: 0.2
vs ASX:BPG: 0.32
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.
Black Pearl Group Debt-to-Equity Related Terms
Black Pearl Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Black Pearl 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:BPG vs QH, SHOP, UBER: Debt-to-Equity Comparison
For the Software - Application subindustry, Black Pearl 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.
Black Pearl Group Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Black Pearl Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Black Pearl 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.
Black Pearl Group (ASX:BPG) has a Debt-to-Equity of 0.32 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Black Pearl Group and its competitors. This is 23% above median its historical median of 0.26. Over the past decade, Black Pearl Group's Debt-to-Equity has ranged from 0.10 to 1.34. According to the industry distribution chart, Black Pearl Group ranks #1369 out of 2248 companies in the Software industry, placing it in the top 60.9%.
Is Black Pearl Group's Debt-to-Equity too high?
Black Pearl Group's current Debt-to-Equity of 0.32 is 23% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 1.34. The Software industry median Debt-to-Equity is 0.20. Black Pearl Group's value of 0.32 is 60% above this industry median. Based on the distribution chart, Black Pearl Group ranks #1369 out of 2248 companies in the Software industry, which is below the industry midpoint. Overall, Black Pearl Group has a GF Score™ of 22/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Black Pearl Group's Debt-to-Equity compare to QH and SHOP?
According to the Software industry distribution chart, Black Pearl Group ranks #1369 out of 2248 companies for Debt-to-Equity. This places Black Pearl Group in the lower half of its industry. The industry median Debt-to-Equity is 0.20. Black Pearl Group's value of 0.32 is 60% above this benchmark. Historically, Black Pearl Group's own Debt-to-Equity has ranged from 0.10 to 1.34 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.20, Black Pearl 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 Software company?
The median Debt-to-Equity among Software companies is 0.20, based on 2,248 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. Black Pearl Group's current Debt-to-Equity of 0.32 is 60% 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 Black Pearl Group and its competitors. For the Software industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Pearl Group's current Debt-to-Equity is 0.32, which is 23% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Pearl Group stock overvalued right now?
Based on GuruFocus' analysis, Black Pearl Group (ASX:BPG) is currently considered Possible Value Trap. The stock's GF Value™ is A$1.70, compared to a current price of A$0.28 — trading 83.5% below its estimated fair value. The current Debt-to-Equity is 0.32, which is 23% above median its 10-year median of 0.26 and 60% above the Software industry median of 0.20. Black Pearl Group's overall GF Score™ is 22/100 with 5 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 Black Pearl Group (ASX:BPG), the current Debt-to-Equity is 0.32 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 Black Pearl Group (ASX:BPG) Overvalued in 2026?
Based on GuruFocus' analysis, Black Pearl Group stock appears to be undervalued.
The current stock price of A$0.28 is trading 83.5% below its estimated GF Value™ of A$1.70.
GuruFocus considers Black Pearl Group to be Possible Value Trap.
Key valuation signals for ASX:BPG:
Debt-to-Equity: 0.32 (23% above median its 10-year median of 0.26)
GF Value™: A$1.70 vs. price of A$0.28 (83.5% below fair value)
Industry Position: 60% above the Software median (#1369 of 2248)
No single metric tells the full story. See the ASX:BPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Black Pearl Group Ltd is a data technology company that builds, acquires, and markets data-driven cloud services, consisting of a suite of productivity and demand generation applications for small and medium-sized businesses. The company had two reportable segments based on the company's product subscriptions available during the year: Pearl Diver and Newoldstamp. The company makes the majority of its revenue from subscriptions to Pearl Diver.
22GF Score
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