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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 Pengana Capital Group's Debt-to-Equity or its related term are showing as below:
ASX:PCG's Debt-to-Equity is not ranked *
in the Asset Management industry.
Industry Median: 0.21 * Ranked among companies with meaningful Debt-to-Equity only.
Pengana Capital Group (ASX:PCG) Debt-to-Equity Explanation
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.
Pengana Capital Group Debt-to-Equity Related Terms
Pengana Capital Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Pengana Capital 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.
Pengana Capital Group Debt-to-Equity Chart
Pengana Capital Group Annual Data
Trend
Jun25
Debt-to-Equity
0.00
Pengana Capital Group Semi-Annual Data
Dec24
Jun25
Dec25
Debt-to-Equity
0.00
0.00
0.00
ASX:PCG vs BLK, BX, KKR: Debt-to-Equity Comparison
For the Asset Management subindustry, Pengana Capital 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.
Pengana Capital Group Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pengana Capital Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Pengana Capital 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.
Pengana Capital Group (ASX:PCG) has a Debt-to-Equity of 0.00 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pengana Capital Group and its competitors. According to the industry distribution chart, Pengana Capital Group ranks #999999 out of 961 companies in the Asset Management industry.
Is Pengana Capital Group's Debt-to-Equity too high?
Pengana Capital Group's current Debt-to-Equity is 0.00. Based on the distribution chart, Pengana Capital Group ranks #999999 out of 961 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Pengana Capital Group has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pengana Capital Group's Debt-to-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Pengana Capital Group ranks #999999 out of 961 companies for Debt-to-Equity. This places Pengana Capital Group in the lower half of its industry. The industry median Debt-to-Equity is 0.21. 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 an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 961 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. 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 Pengana Capital Group and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pengana Capital Group's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pengana Capital Group stock overvalued right now?
Based on GuruFocus' analysis, Pengana Capital Group (ASX:PCG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.35, compared to a current price of A$0.83 — trading 137.1% above its estimated fair value. The current Debt-to-Equity is 0.00. Pengana Capital Group's overall GF Score™ is 36/100 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 Pengana Capital Group (ASX:PCG), the current Debt-to-Equity is 0.00 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 Pengana Capital Group (ASX:PCG) Overvalued in 2026?
Based on GuruFocus' analysis, Pengana Capital Group stock appears to be overvalued.
The current stock price of A$0.83 is trading 137.1% above its estimated GF Value™ of A$0.35.
GuruFocus considers Pengana Capital Group to be Significantly Overvalued.
Key valuation signals for ASX:PCG:
Debt-to-Equity: 0.00
GF Value™: A$0.35 vs. price of A$0.83 (137.1% above fair value)
No single metric tells the full story. See the ASX:PCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pengana Capital Group Ltd is a diversified fund management company. Its objective is to increase investor wealth by developing, offering, and managing investment funds in Australia and globally as opportunities arise. It operates in one operating segment being the development, offering of, and management of investment funds.
36GF Score
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