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Pepper MoneyASX:PPM -0.93%47 Debt-to-Equity is 19.97 as of Dec. 2025, which is 15% below its 10-year median of 23.50. GuruFocus rates ASX:PPM with a GF Score™ of 47/100 and a GF Value™ of A$1.43 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 456 Credit Services companies, Pepper Money ranks worse than 98.46% 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 Pepper Money's Debt-to-Equity or its related term are showing as below:
ASX:PPM'
s Debt-to-Equity Range Over the Past 10 Years
Min: 19.25 Med: 23.5 Max: 27.37
Current: 19.97
During the past 6 years, the highest Debt-to-Equity Ratio of Pepper Money was 27.37. The lowest was 19.25. And the median was 23.50.
ASX:PPM's Debt-to-Equity is ranked worse than 98.46% of 456
companies
in the Credit Services industry
Industry Median: 1.235
vs ASX:PPM: 19.97
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.
Pepper Money Debt-to-Equity Related Terms
Pepper Money Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Pepper Money'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 Credit Services subindustry, Pepper Money'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.
Pepper Money Debt-to-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Pepper Money's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Pepper Money'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.
Pepper Money (ASX:PPM) has a Debt-to-Equity of 19.97 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pepper Money and its competitors. This is 15% below median its historical median of 23.50. Over the past decade, Pepper Money's Debt-to-Equity has ranged from 19.25 to 27.37. According to the industry distribution chart, Pepper Money ranks #449 out of 456 companies in the Credit Services industry, placing it in the top 98.5%.
Is Pepper Money's Debt-to-Equity too high?
Pepper Money's current Debt-to-Equity of 19.97 is 15% below median its 10-year median of 23.50. Over the past 10 years, this metric has ranged from a low of 19.25 to a high of 27.37. The Credit Services industry median Debt-to-Equity is 1.24. Pepper Money's value of 19.97 is 1517% above this industry median. Based on the distribution chart, Pepper Money ranks #449 out of 456 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Pepper Money has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pepper Money's Debt-to-Equity compare to V and MA?
According to the Credit Services industry distribution chart, Pepper Money ranks #449 out of 456 companies for Debt-to-Equity. This places Pepper Money in the lower half of its industry. The industry median Debt-to-Equity is 1.24. Pepper Money's value of 19.97 is 1517% above this benchmark. Historically, Pepper Money's own Debt-to-Equity has ranged from 19.25 to 27.37 over the past decade. While the company's 10-year median is 23.50 vs. the industry median of 1.24, Pepper Money 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 Credit Services company?
The median Debt-to-Equity among Credit Services companies is 1.24, based on 456 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. Pepper Money's current Debt-to-Equity of 19.97 is 1517% 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 Pepper Money and its competitors. For the Credit Services industry, the median Debt-to-Equity is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pepper Money's current Debt-to-Equity is 19.97, which is 15% below median its own 10-year median of 23.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pepper Money stock overvalued right now?
Based on GuruFocus' analysis, Pepper Money (ASX:PPM) is currently considered Modestly Overvalued. The stock's GF Value™ is A$1.43, compared to a current price of A$1.60 — trading 11.5% above its estimated fair value. The current Debt-to-Equity is 19.97, which is 15% below median its 10-year median of 23.50 and 1517% above the Credit Services industry median of 1.24. Pepper Money's overall GF Score™ is 47/100 with 2 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 Pepper Money (ASX:PPM), the current Debt-to-Equity is 19.97 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 Pepper Money (ASX:PPM) Overvalued in 2026?
Based on GuruFocus' analysis, Pepper Money stock appears to be overvalued.
The current stock price of A$1.60 is trading 11.5% above its estimated GF Value™ of A$1.43.
GuruFocus considers Pepper Money to be Modestly Overvalued.
Key valuation signals for ASX:PPM:
Debt-to-Equity: 19.97 (15% below median its 10-year median of 23.50)
GF Value™: A$1.43 vs. price of A$1.60 (11.5% above fair value)
Industry Position: 1517% above the Credit Services median (#449 of 456)
No single metric tells the full story. See the ASX:PPM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pepper Money Ltd provides a variety of home loan solutions. The company also provides car loans, personal loans, loans for equipment, asset finance, commercial loans, and others. The company operates in three reportable segments Mortgage, Asset Finance, and Loan and Other Servicing. The maximum revenue is derived from the Asset finance segment. The Asset finance segment includes financing a range of asset types for consumer and commercial customers.
47GF Score
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