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Matrix Composites & EngineeringASX:MCE 39 Debt-to-Equity is 1.93 as of Dec. 2025, which is 916% above its 10-year median of 0.19. GuruFocus rates ASX:MCE with a GF Score™ of 39/100 and a GF Value™ of A$0.38 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,612 Construction companies, Matrix Composites & Engineering ranks worse than 90.14% 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 Matrix Composites & Engineering's Debt-to-Equity or its related term are showing as below:
ASX:MCE'
s Debt-to-Equity Range Over the Past 10 Years
Min: -20.91 Med: 0.19 Max: 4
Current: 1.93
During the past 13 years, the highest Debt-to-Equity Ratio of Matrix Composites & Engineering was 4.00. The lowest was -20.91. And the median was 0.19.
ASX:MCE's Debt-to-Equity is ranked worse than 90.14% of 1612
companies
in the Construction industry
Industry Median: 0.41
vs ASX:MCE: 1.93
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.
Matrix Composites & Engineering Debt-to-Equity Related Terms
Matrix Composites & Engineering Debt-to-Equity Historical Data
* 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:MCE vs PWR, FIX, EME: Debt-to-Equity Comparison
For the Engineering & Construction subindustry, Matrix Composites & Engineering'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.
Matrix Composites & Engineering Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, Matrix Composites & Engineering's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Matrix Composites & Engineering'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.
Matrix Composites & Engineering (ASX:MCE) has a Debt-to-Equity of 1.93 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Matrix Composites & Engineering and its competitors. This is 916% above median its historical median of 0.19. According to the industry distribution chart, Matrix Composites & Engineering ranks #1453 out of 1612 companies in the Construction industry, placing it in the top 90.1%.
Is Matrix Composites & Engineering's Debt-to-Equity too high?
Matrix Composites & Engineering's current Debt-to-Equity of 1.93 is 916% above median its 10-year median of 0.19. The Construction industry median Debt-to-Equity is 0.41. Matrix Composites & Engineering's value of 1.93 is 370.7% above this industry median. Based on the distribution chart, Matrix Composites & Engineering ranks #1453 out of 1612 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Matrix Composites & Engineering has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Matrix Composites & Engineering's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Matrix Composites & Engineering ranks #1453 out of 1612 companies for Debt-to-Equity. This places Matrix Composites & Engineering in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Matrix Composites & Engineering's value of 1.93 is 370.7% above this benchmark. While the company's 10-year median is 0.19 vs. the industry median of 0.41, Matrix Composites & Engineering 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 Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,612 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. Matrix Composites & Engineering's current Debt-to-Equity of 1.93 is 370.7% 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 Matrix Composites & Engineering and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matrix Composites & Engineering's current Debt-to-Equity is 1.93, which is 916% above median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matrix Composites & Engineering stock overvalued right now?
Based on GuruFocus' analysis, Matrix Composites & Engineering (ASX:MCE) is currently considered Fairly Valued. The stock's GF Value™ is A$0.38, compared to a current price of A$0.40 — trading 4.6% above its estimated fair value. The current Debt-to-Equity is 1.93, which is 916% above median its 10-year median of 0.19 and 370.7% above the Construction industry median of 0.41. Matrix Composites & Engineering's overall GF Score™ is 39/100 with 10 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 Matrix Composites & Engineering (ASX:MCE), the current Debt-to-Equity is 1.93 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 Matrix Composites & Engineering (ASX:MCE) Overvalued in 2026?
Based on GuruFocus' analysis, Matrix Composites & Engineering stock appears to be overvalued.
The current stock price of A$0.40 is trading 4.6% above its estimated GF Value™ of A$0.38.
GuruFocus considers Matrix Composites & Engineering to be Fairly Valued.
Key valuation signals for ASX:MCE:
Debt-to-Equity: 1.93 (916% above median its 10-year median of 0.19)
GF Value™: A$0.38 vs. price of A$0.40 (4.6% above fair value)
Industry Position: 370.7% above the Construction median (#1453 of 1612)
No single metric tells the full story. See the ASX:MCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Matrix Composites & Engineering Business Description
Matrix Composites & Engineering Ltd is a manufacturer of engineered products and services for the offshore oil and gas, civil and infrastructure, and defence industry. The group is also involved in the businesses of manufacturing and supplying capital drilling equipment, consisting of syntactic foam buoyancy; manufacturing and supply of subsea umbilical risers and flowline (SURF) ancillary equipment and associated services; and manufacturing and supply of well construction products, including centralizers and conductors. Its products consist of buoyancy systems, epoxy resin systems, energy absorption systems, reinforced thermoplastics, and others. Geographically, it derives maximum revenue from Brazil and rest from Australia, Japan, China, the United States of America, and other regions.
39GF Score
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