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COG Financial ServicesASX:COG +1.75%34 Debt-to-Equity is 2.50 as of Dec. 2025, which is 76% above its 10-year median of 1.42. GuruFocus rates ASX:COG with a GF Score™ of 34/100 and a GF Value™ of A$0.76 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 610 Capital Markets companies, COG Financial Services ranks worse than 91.64% 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 COG Financial Services's Debt-to-Equity or its related term are showing as below:
ASX:COG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 1.42 Max: 2.65
Current: 2.5
During the past 13 years, the highest Debt-to-Equity Ratio of COG Financial Services was 2.65. The lowest was 0.16. And the median was 1.42.
ASX:COG's Debt-to-Equity is ranked worse than 91.64% of 610
companies
in the Capital Markets industry
Industry Median: 0.31
vs ASX:COG: 2.50
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.
COG Financial Services Debt-to-Equity Related Terms
COG Financial Services Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for COG Financial Services'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:COG vs MS, GS, SCHW: Debt-to-Equity Comparison
For the Capital Markets subindustry, COG Financial Services'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.
COG Financial Services Debt-to-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, COG Financial Services's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where COG Financial Services'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.
COG Financial Services (ASX:COG) has a Debt-to-Equity of 2.50 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on COG Financial Services and its competitors. This is 76% above median its historical median of 1.42. Over the past decade, COG Financial Services' Debt-to-Equity has ranged from 0.16 to 2.65. According to the industry distribution chart, COG Financial Services ranks #559 out of 610 companies in the Capital Markets industry, placing it in the top 91.6%.
Is COG Financial Services' Debt-to-Equity too high?
COG Financial Services' current Debt-to-Equity of 2.50 is 76% above median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 2.65. The Capital Markets industry median Debt-to-Equity is 0.31. COG Financial Services' value of 2.50 is 706.5% above this industry median. Based on the distribution chart, COG Financial Services ranks #559 out of 610 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, COG Financial Services has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does COG Financial Services' Debt-to-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, COG Financial Services ranks #559 out of 610 companies for Debt-to-Equity. This places COG Financial Services in the lower half of its industry. The industry median Debt-to-Equity is 0.31. COG Financial Services' value of 2.50 is 706.5% above this benchmark. Historically, COG Financial Services' own Debt-to-Equity has ranged from 0.16 to 2.65 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 0.31, COG Financial Services 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. COG Financial Services's current Debt-to-Equity of 2.50 is 706.5% 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 COG Financial Services 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. COG Financial Services's current Debt-to-Equity is 2.50, which is 76% above median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is COG Financial Services stock overvalued right now?
Based on GuruFocus' analysis, COG Financial Services (ASX:COG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.76, compared to a current price of A$1.45 — trading 90.8% above its estimated fair value. The current Debt-to-Equity is 2.50, which is 76% above median its 10-year median of 1.42 and 706.5% above the Capital Markets industry median of 0.31. COG Financial Services' overall GF Score™ is 34/100 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 COG Financial Services (ASX:COG), the current Debt-to-Equity is 2.50 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 COG Financial Services (ASX:COG) Overvalued in 2026?
Based on GuruFocus' analysis, COG Financial Services stock appears to be overvalued.
The current stock price of A$1.45 is trading 90.8% above its estimated GF Value™ of A$0.76.
GuruFocus considers COG Financial Services to be Significantly Overvalued.
Key valuation signals for ASX:COG:
Debt-to-Equity: 2.50 (76% above median its 10-year median of 1.42)
GF Value™: A$0.76 vs. price of A$1.45 (90.8% above fair value)
Industry Position: 706.5% above the Capital Markets median (#559 of 610)
No single metric tells the full story. See the ASX:COG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
COG Financial Services Ltd is engaged in the equipment finance sector. The investment objective of the company is to grow its earnings per share by investing in complementary entities and growing existing businesses that specialise in equipment finance broking, finance aggregation, and commercial leases for essential business assets. Its segments include Finance Broking and Aggregation, which is the key revenue driver, focused on the aggregation of broker volumes to maximize profitability through scale and finance broking focused on products finance and asset types; Novated Leasing; Asset Management and Lending activities, and others.
34GF Score
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