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A10 NetworksATEN +2.31%82 Debt-to-Equity is 0.93 as of Jun. 2026, which is 2225% above its 10-year median of 0.04. GuruFocus rates ATEN with a GF Score™ of 82/100 and a GF Value™ of $19.95 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,247 Software companies, A10 Networks ranks worse than 84.2% 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 A10 Networks's Debt-to-Equity or its related term are showing as below:
ATEN'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 1.17
Current: 0.93
During the past 13 years, the highest Debt-to-Equity Ratio of A10 Networks was 1.17. The lowest was 0.02. And the median was 0.04.
ATEN's Debt-to-Equity is ranked worse than 84.2% of 2247
companies
in the Software industry
Industry Median: 0.19
vs ATEN: 0.93
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.
A10 Networks Debt-to-Equity Related Terms
A10 Networks Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for A10 Networks'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.
ATEN vs PAYO, PAGS, AVPT: Debt-to-Equity Comparison
For the Software - Infrastructure subindustry, A10 Networks'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.
A10 Networks Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, A10 Networks's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where A10 Networks'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.
A10 Networks (ATEN) has a Debt-to-Equity of 0.93 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on A10 Networks and its competitors. This is 2225% above median its historical median of 0.04. Over the past decade, A10 Networks' Debt-to-Equity has ranged from 0.02 to 1.17. According to the industry distribution chart, A10 Networks ranks #1892 out of 2247 companies in the Software industry, placing it in the top 84.2%.
Is A10 Networks' Debt-to-Equity too high?
A10 Networks' current Debt-to-Equity of 0.93 is 2225% above median its 10-year median of 0.04. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 1.17. The Software industry median Debt-to-Equity is 0.19. A10 Networks' value of 0.93 is 389.5% above this industry median. Based on the distribution chart, A10 Networks ranks #1892 out of 2247 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, A10 Networks has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does A10 Networks' Debt-to-Equity compare to PAYO and PAGS?
According to the Software industry distribution chart, A10 Networks ranks #1892 out of 2247 companies for Debt-to-Equity. This places A10 Networks in the lower half of its industry. The industry median Debt-to-Equity is 0.19. A10 Networks' value of 0.93 is 389.5% above this benchmark. Historically, A10 Networks' own Debt-to-Equity has ranged from 0.02 to 1.17 over the past decade. While the company's 10-year median is 0.04 vs. the industry median of 0.19, A10 Networks 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 Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,247 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. A10 Networks's current Debt-to-Equity of 0.93 is 389.5% 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 A10 Networks and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A10 Networks's current Debt-to-Equity is 0.93, which is 2225% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A10 Networks stock overvalued right now?
Based on GuruFocus' analysis, A10 Networks (ATEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.95, compared to a current price of $26.12 — trading 30.9% above its estimated fair value. The current Debt-to-Equity is 0.93, which is 2225% above median its 10-year median of 0.04 and 389.5% above the Software industry median of 0.19. A10 Networks' overall GF Score™ is 82/100 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 A10 Networks (ATEN), the current Debt-to-Equity is 0.93 as of Jun. 2026. 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 A10 Networks (ATEN) Overvalued in 2026?
Based on GuruFocus' analysis, A10 Networks stock appears to be overvalued.
The current stock price of $26.12 is trading 30.9% above its estimated GF Value™ of $19.95.
GuruFocus considers A10 Networks to be Significantly Overvalued.
Key valuation signals for ATEN:
Debt-to-Equity: 0.93 (2225% above median its 10-year median of 0.04)
GF Value™: $19.95 vs. price of $26.12 (30.9% above fair value)
Industry Position: 389.5% above the Software median (#1892 of 2247)
No single metric tells the full story. See the ATEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A10 Networks Inc is a provider of secure application and network infrastructure solutions for enterprises and service providers across on-premises, hybrid cloud, and distributed environments. The company's offerings include application delivery and traffic management, distributed denial-of-service (DDoS) protection, application and API security, and centralized management. It serves customers across multiple industries, including telecommunications, technology, financial services, public sector, industrial, retail, gaming, and education. The majority of the company's revenue is derived from the sale of secure networking and cybersecurity solutions and related maintenance and support services.
82GF Score
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