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Tourism HoldingsASX:THL +2.15%69 Debt-to-Equity is 1.19 as of Dec. 2025, which is at its 10-year median of 1.19. GuruFocus rates ASX:THL with a GF Score™ of 69/100 and a GF Value™ of A$1.82 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 1,217 Vehicles & Parts companies, Tourism Holdings ranks worse than 80.61% 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 Tourism Holdings's Debt-to-Equity or its related term are showing as below:
ASX:THL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 1.19 Max: 1.87
Current: 1.19
During the past 3 years, the highest Debt-to-Equity Ratio of Tourism Holdings was 1.87. The lowest was 0.75. And the median was 1.19.
ASX:THL's Debt-to-Equity is ranked worse than 80.61% of 1217
companies
in the Vehicles & Parts industry
Industry Median: 0.46
vs ASX:THL: 1.19
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.
Tourism Holdings Debt-to-Equity Related Terms
Tourism Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Tourism Holdings'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:THL vs BC, PII, THO: Debt-to-Equity Comparison
For the Recreational Vehicles subindustry, Tourism Holdings'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.
Tourism Holdings Debt-to-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tourism Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Tourism Holdings'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.
Tourism Holdings (ASX:THL) has a Debt-to-Equity of 1.19 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Tourism Holdings and its competitors. This is near median its historical median of 1.19. Over the past decade, Tourism Holdings' Debt-to-Equity has ranged from 0.75 to 1.87. According to the industry distribution chart, Tourism Holdings ranks #981 out of 1217 companies in the Vehicles & Parts industry, placing it in the top 80.6%.
Is Tourism Holdings' Debt-to-Equity too high?
Tourism Holdings' current Debt-to-Equity of 1.19 is near median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 1.87. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Tourism Holdings' value of 1.19 is 158.7% above this industry median. Based on the distribution chart, Tourism Holdings ranks #981 out of 1217 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Tourism Holdings has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tourism Holdings' Debt-to-Equity compare to BC and PII?
According to the Vehicles & Parts industry distribution chart, Tourism Holdings ranks #981 out of 1217 companies for Debt-to-Equity. This places Tourism Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Tourism Holdings' value of 1.19 is 158.7% above this benchmark. Historically, Tourism Holdings' own Debt-to-Equity has ranged from 0.75 to 1.87 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 0.46, Tourism Holdings 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 Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,217 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. Tourism Holdings's current Debt-to-Equity of 1.19 is 158.7% 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 Tourism Holdings and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tourism Holdings's current Debt-to-Equity is 1.19, which is near median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tourism Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tourism Holdings (ASX:THL) is currently considered Significantly Overvalued. The stock's GF Value™ is A$1.82, compared to a current price of A$2.38 — trading 30.8% above its estimated fair value. The current Debt-to-Equity is 1.19, which is near median its 10-year median of 1.19 and 158.7% above the Vehicles & Parts industry median of 0.46. Tourism Holdings' overall GF Score™ is 69/100 with 11 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 Tourism Holdings (ASX:THL), the current Debt-to-Equity is 1.19 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 Tourism Holdings (ASX:THL) Overvalued in 2026?
Based on GuruFocus' analysis, Tourism Holdings stock appears to be overvalued.
The current stock price of A$2.38 is trading 30.8% above its estimated GF Value™ of A$1.82.
GuruFocus considers Tourism Holdings to be Significantly Overvalued.
Key valuation signals for ASX:THL:
Debt-to-Equity: 1.19 (near median its 10-year median of 1.19)
GF Value™: A$1.82 vs. price of A$2.38 (30.8% above fair value)
Industry Position: 158.7% above the Vehicles & Parts median (#981 of 1217)
No single metric tells the full story. See the ASX:THL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tourism Holdings Ltd is a New Zealand-based company engaged in the design, manufacture, rental, and sale of motorhomes and other tourism-related activities. The company operates in the following segments namely New Zealand Rentals; Action Manufacturing; Tourism Group; Australia Rentals, sales and manufacturing; United States Rentals and corporate. It generates maximum revenue from Australia Rentals segment.
69GF Score
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