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MyStateASX:MYS +2.27%59 Debt-to-Equity is 5.68 as of Dec. 2025, which is 57% above its 10-year median of 3.62. GuruFocus rates ASX:MYS with a GF Score™ of 59/100 and a GF Value™ of A$4.16 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,421 Banks companies, MyState ranks worse than 97.33% 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 MyState's Debt-to-Equity or its related term are showing as below:
ASX:MYS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 3.62 Max: 5.68
Current: 5.68
During the past 13 years, the highest Debt-to-Equity Ratio of MyState was 5.68. The lowest was 0.04. And the median was 3.62.
ASX:MYS's Debt-to-Equity is ranked worse than 97.33% of 1421
companies
in the Banks industry
Industry Median: 0.58
vs ASX:MYS: 5.68
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.
MyState Debt-to-Equity Related Terms
MyState Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for MyState'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.
For the Banks - Regional subindustry, MyState'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.
MyState Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, MyState's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where MyState'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.
MyState (ASX:MYS) has a Debt-to-Equity of 5.68 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on MyState and its competitors. This is 57% above median its historical median of 3.62. Over the past decade, MyState's Debt-to-Equity has ranged from 0.04 to 5.68. According to the industry distribution chart, MyState ranks #1383 out of 1421 companies in the Banks industry, placing it in the top 97.3%.
Is MyState's Debt-to-Equity too high?
MyState's current Debt-to-Equity of 5.68 is 57% above median its 10-year median of 3.62. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 5.68. The Banks industry median Debt-to-Equity is 0.58. MyState's value of 5.68 is 879.3% above this industry median. Based on the distribution chart, MyState ranks #1383 out of 1421 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, MyState has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MyState's Debt-to-Equity compare to PNC and USB?
According to the Banks industry distribution chart, MyState ranks #1383 out of 1421 companies for Debt-to-Equity. This places MyState in the lower half of its industry. The industry median Debt-to-Equity is 0.58. MyState's value of 5.68 is 879.3% above this benchmark. Historically, MyState's own Debt-to-Equity has ranged from 0.04 to 5.68 over the past decade. While the company's 10-year median is 3.62 vs. the industry median of 0.58, MyState 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 Banks company?
The median Debt-to-Equity among Banks companies is 0.58, 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. MyState's current Debt-to-Equity of 5.68 is 879.3% 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 MyState and its competitors. For the Banks industry, the median Debt-to-Equity is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MyState's current Debt-to-Equity is 5.68, which is 57% above median its own 10-year median of 3.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MyState stock overvalued right now?
Based on GuruFocus' analysis, MyState (ASX:MYS) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.16, compared to a current price of A$4.95 — trading 19% above its estimated fair value. The current Debt-to-Equity is 5.68, which is 57% above median its 10-year median of 3.62 and 879.3% above the Banks industry median of 0.58. MyState's overall GF Score™ is 59/100 with 9 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 MyState (ASX:MYS), the current Debt-to-Equity is 5.68 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 MyState (ASX:MYS) Overvalued in 2026?
Based on GuruFocus' analysis, MyState stock appears to be overvalued.
The current stock price of A$4.95 is trading 19% above its estimated GF Value™ of A$4.16.
GuruFocus considers MyState to be Modestly Overvalued.
Key valuation signals for ASX:MYS:
Debt-to-Equity: 5.68 (57% above median its 10-year median of 3.62)
GF Value™: A$4.16 vs. price of A$4.95 (19% above fair value)
Industry Position: 879.3% above the Banks median (#1383 of 1421)
No single metric tells the full story. See the ASX:MYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MyState Limited is a Tasmania-based financial company that provides banking, trustee, and funds management services. The company generates the vast majority of its profit from its banking business, which provides a range of financial services including home and personal loans, credit and debit cards, and equipment finance. Home loans account for the vast majority of its loan book. The funds management segment provides trustee and funds management services through the subsidiary TPT Wealth.
59GF Score
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