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Dyno NobelASX:DNL 55 Debt-to-Equity is 0.40 as of Mar. 2026, which is 2% below its 10-year median of 0.41. GuruFocus rates ASX:DNL with a GF Score™ of 55/100 and a GF Value™ of A$2.21 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,421 Chemicals companies, Dyno Nobel ranks worse than 53.41% 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 Dyno Nobel's Debt-to-Equity or its related term are showing as below:
ASX:DNL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.41 Max: 0.82
Current: 0.4
During the past 13 years, the highest Debt-to-Equity Ratio of Dyno Nobel was 0.82. The lowest was 0.31. And the median was 0.41.
ASX:DNL's Debt-to-Equity is ranked worse than 53.41% of 1421
companies
in the Chemicals industry
Industry Median: 0.36
vs ASX:DNL: 0.40
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.
Dyno Nobel Debt-to-Equity Related Terms
Dyno Nobel Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Dyno Nobel'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:DNL vs LIN, SHW, ECL: Debt-to-Equity Comparison
For the Specialty Chemicals subindustry, Dyno Nobel'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.
Dyno Nobel Debt-to-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Dyno Nobel's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Dyno Nobel'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.
Dyno Nobel (ASX:DNL) has a Debt-to-Equity of 0.40 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Dyno Nobel and its competitors. This is near median its historical median of 0.41. Over the past decade, Dyno Nobel's Debt-to-Equity has ranged from 0.31 to 0.82. According to the industry distribution chart, Dyno Nobel ranks #759 out of 1421 companies in the Chemicals industry, placing it in the top 53.4%.
Is Dyno Nobel's Debt-to-Equity too high?
Dyno Nobel's current Debt-to-Equity of 0.40 is near median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 0.82. The Chemicals industry median Debt-to-Equity is 0.36. Dyno Nobel's value of 0.40 is 11.1% above this industry median. Based on the distribution chart, Dyno Nobel ranks #759 out of 1421 companies in the Chemicals industry, which is below the industry midpoint. Overall, Dyno Nobel has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dyno Nobel's Debt-to-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Dyno Nobel ranks #759 out of 1421 companies for Debt-to-Equity. This places Dyno Nobel in the lower half of its industry. The industry median Debt-to-Equity is 0.36. Dyno Nobel's value of 0.40 is 11.1% above this benchmark. Historically, Dyno Nobel's own Debt-to-Equity has ranged from 0.31 to 0.82 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.36, Dyno Nobel 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 Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.36, based on 1,421 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. Dyno Nobel's current Debt-to-Equity of 0.40 is 11.1% 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 Dyno Nobel and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dyno Nobel's current Debt-to-Equity is 0.40, which is near median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dyno Nobel stock overvalued right now?
Based on GuruFocus' analysis, Dyno Nobel (ASX:DNL) is currently considered Significantly Overvalued. The stock's GF Value™ is A$2.21, compared to a current price of A$3.81 — trading 72.4% above its estimated fair value. The current Debt-to-Equity is 0.40, which is near median its 10-year median of 0.41 and 11.1% above the Chemicals industry median of 0.36. Dyno Nobel's overall GF Score™ is 55/100 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 Dyno Nobel (ASX:DNL), the current Debt-to-Equity is 0.40 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 Dyno Nobel (ASX:DNL) Overvalued in 2026?
Based on GuruFocus' analysis, Dyno Nobel stock appears to be overvalued.
The current stock price of A$3.81 is trading 72.4% above its estimated GF Value™ of A$2.21.
GuruFocus considers Dyno Nobel to be Significantly Overvalued.
Key valuation signals for ASX:DNL:
Debt-to-Equity: 0.40 (near median its 10-year median of 0.41)
GF Value™: A$2.21 vs. price of A$3.81 (72.4% above fair value)
Industry Position: 11.1% above the Chemicals median (#759 of 1421)
No single metric tells the full story. See the ASX:DNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dyno Nobel is a leading global explosives company with operations in Australia, Asia, and the Americas. We estimate its share of the global commercial explosives market at about 15%. Explosives traditionally contributed around 80% of EBIT, but with the sale of the fertilizers business, this moves to 100%.
55GF Score
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