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The LotteryASX:TLC -0.72%62 Debt-to-Equity is 7.43 as of Dec. 2025, which is 4% below its 10-year median of 7.77. GuruFocus rates ASX:TLC with a GF Score™ of 62/100 and a GF Value™ of A$5.24 (Fairly Valued). The stock has 5 warning signs investors should review. Among 719 Travel & Leisure companies, The Lottery ranks worse than 97.08% 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 The Lottery's Debt-to-Equity or its related term are showing as below:
ASX:TLC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 6.17 Med: 7.77 Max: 47.63
Current: 7.43
During the past 4 years, the highest Debt-to-Equity Ratio of The Lottery was 47.63. The lowest was 6.17. And the median was 7.77.
ASX:TLC's Debt-to-Equity is ranked worse than 97.08% of 719
companies
in the Travel & Leisure industry
Industry Median: 0.43
vs ASX:TLC: 7.43
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.
The Lottery Debt-to-Equity Related Terms
The Lottery Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for The Lottery'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:TLC vs FLUT, DKNG, SGHC: Debt-to-Equity Comparison
For the Gambling subindustry, The Lottery'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.
The Lottery Debt-to-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, The Lottery's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where The Lottery'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.
The Lottery (ASX:TLC) has a Debt-to-Equity of 7.43 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on The Lottery and its competitors. This is near median its historical median of 7.77. Over the past decade, The Lottery's Debt-to-Equity has ranged from 6.17 to 47.63. According to the industry distribution chart, The Lottery ranks #698 out of 719 companies in the Travel & Leisure industry, placing it in the top 97.1%.
Is The Lottery's Debt-to-Equity too high?
The Lottery's current Debt-to-Equity of 7.43 is near median its 10-year median of 7.77. Over the past 10 years, this metric has ranged from a low of 6.17 to a high of 47.63. The Travel & Leisure industry median Debt-to-Equity is 0.43. The Lottery's value of 7.43 is 1627.9% above this industry median. Based on the distribution chart, The Lottery ranks #698 out of 719 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, The Lottery has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Lottery's Debt-to-Equity compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, The Lottery ranks #698 out of 719 companies for Debt-to-Equity. This places The Lottery in the lower half of its industry. The industry median Debt-to-Equity is 0.43. The Lottery's value of 7.43 is 1627.9% above this benchmark. Historically, The Lottery's own Debt-to-Equity has ranged from 6.17 to 47.63 over the past decade. While the company's 10-year median is 7.77 vs. the industry median of 0.43, The Lottery 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 Travel & Leisure company?
The median Debt-to-Equity among Travel & Leisure companies is 0.43, based on 719 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. The Lottery's current Debt-to-Equity of 7.43 is 1627.9% 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 The Lottery and its competitors. For the Travel & Leisure industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Lottery's current Debt-to-Equity is 7.43, which is near median its own 10-year median of 7.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Lottery stock overvalued right now?
Based on GuruFocus' analysis, The Lottery (ASX:TLC) is currently considered Fairly Valued. The stock's GF Value™ is A$5.24, compared to a current price of A$5.49 — trading 4.8% above its estimated fair value. The current Debt-to-Equity is 7.43, which is near median its 10-year median of 7.77 and 1627.9% above the Travel & Leisure industry median of 0.43. The Lottery's overall GF Score™ is 62/100 with 5 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 The Lottery (ASX:TLC), the current Debt-to-Equity is 7.43 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 The Lottery (ASX:TLC) Overvalued in 2026?
Based on GuruFocus' analysis, The Lottery stock appears to be overvalued.
The current stock price of A$5.49 is trading 4.8% above its estimated GF Value™ of A$5.24.
GuruFocus considers The Lottery to be Fairly Valued.
Key valuation signals for ASX:TLC:
Debt-to-Equity: 7.43 (near median its 10-year median of 7.77)
GF Value™: A$5.24 vs. price of A$5.49 (4.8% above fair value)
Industry Position: 1627.9% above the Travel & Leisure median (#698 of 719)
No single metric tells the full story. See the ASX:TLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Lottery Corporation is Australia's largest provider of lottery, keno, and instant-scratch products, with long-dated and/or exclusive licenses for the lottery in all Australian states and territories except Western Australia, and in most states and territories for keno. Lottery Corp has a distribution network of more than 3,800 franchised retailers that sell instant-scratch and lottery products through vendors such as newsstands, gas stations, pharmacies, and convenience stores, as well as online sales. Keno is sold in over 3,400 bars and clubs.
62GF Score
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