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Step One ClothingASX:STP -3.33%33 Debt-to-Equity is 0.02 as of Dec. 2025, which is at its 10-year median of 0.02. GuruFocus rates ASX:STP with a GF Score™ of 33/100 and a GF Value™ of A$0.64 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,015 Retail - Cyclical companies, Step One Clothing ranks better than 96.85% 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 Step One Clothing's Debt-to-Equity or its related term are showing as below:
ASX:STP'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.07
Current: 0.02
During the past 5 years, the highest Debt-to-Equity Ratio of Step One Clothing was 0.07. The lowest was 0.00. And the median was 0.02.
ASX:STP's Debt-to-Equity is ranked better than 96.85% of 1015
companies
in the Retail - Cyclical industry
Industry Median: 0.56
vs ASX:STP: 0.02
Step One Clothing (ASX:STP) 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.
Step One Clothing Debt-to-Equity Related Terms
Step One Clothing Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Step One Clothing'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:STP vs TJX, ROST, BURL: Debt-to-Equity Comparison
For the Apparel Retail subindustry, Step One Clothing'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.
Step One Clothing Debt-to-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Step One Clothing's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Step One Clothing'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.
Step One Clothing (ASX:STP) has a Debt-to-Equity of 0.02 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Step One Clothing and its competitors. This is near median its historical median of 0.02. According to the industry distribution chart, Step One Clothing ranks #32 out of 1015 companies in the Retail - Cyclical industry, placing it in the top 3.2%.
Is Step One Clothing's Debt-to-Equity too high?
Step One Clothing's current Debt-to-Equity of 0.02 is near median its 10-year median of 0.02. The Retail - Cyclical industry median Debt-to-Equity is 0.56. Step One Clothing's value of 0.02 is 96.4% below this industry median. Based on the distribution chart, Step One Clothing ranks #32 out of 1015 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Step One Clothing has a GF Score™ of 33/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Step One Clothing's Debt-to-Equity compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Step One Clothing ranks #32 out of 1015 companies for Debt-to-Equity. This places Step One Clothing in the top 3% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.56. Step One Clothing's value of 0.02 is 96.4% below this benchmark. While the company's 10-year median is 0.02 vs. the industry median of 0.56, Step One Clothing has consistently been below 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 Retail - Cyclical company?
The median Debt-to-Equity among Retail - Cyclical companies is 0.56, based on 1,015 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. Step One Clothing's current Debt-to-Equity of 0.02 is 96.4% below 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 Step One Clothing and its competitors. For the Retail - Cyclical industry, the median Debt-to-Equity is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step One Clothing's current Debt-to-Equity is 0.02, which is near median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step One Clothing stock overvalued right now?
Based on GuruFocus' analysis, Step One Clothing (ASX:STP) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.64, compared to a current price of A$0.15 — trading 77.3% below its estimated fair value. The current Debt-to-Equity is 0.02, which is near median its 10-year median of 0.02 and 96.4% below the Retail - Cyclical industry median of 0.56. Step One Clothing's overall GF Score™ is 33/100 with 3 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 Step One Clothing (ASX:STP), the current Debt-to-Equity is 0.02 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 Step One Clothing (ASX:STP) Overvalued in 2026?
Based on GuruFocus' analysis, Step One Clothing stock appears to be undervalued.
The current stock price of A$0.15 is trading 77.3% below its estimated GF Value™ of A$0.64.
GuruFocus considers Step One Clothing to be Significantly Undervalued.
Key valuation signals for ASX:STP:
Debt-to-Equity: 0.02 (near median its 10-year median of 0.02)
GF Value™: A$0.64 vs. price of A$0.15 (77.3% below fair value)
Industry Position: 96.4% below the Retail - Cyclical median (#32 of 1015)
No single metric tells the full story. See the ASX:STP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. Its group is organized into three operating segments, being online retail sales for Australia, the United Kingdom, and the United States of America, however, these segments are aggregated into one reportable segment.
33GF Score
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