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AdvantestATEYY -7.38%87 Debt-to-Equity is 0.03 as of Mar. 2026, which is 80% below its 10-year median of 0.15. GuruFocus rates ATEYY with a GF Score™ of 87/100 and a GF Value™ of $95.19 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 902 Semiconductors companies, Advantest ranks better than 88.03% 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 Advantest's Debt-to-Equity or its related term are showing as below:
ATEYY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.15 Max: 0.41
Current: 0.03
During the past 13 years, the highest Debt-to-Equity Ratio of Advantest was 0.41. The lowest was 0.03. And the median was 0.15.
ATEYY's Debt-to-Equity is ranked better than 88.03% of 902
companies
in the Semiconductors industry
Industry Median: 0.255
vs ATEYY: 0.03
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.
Advantest Debt-to-Equity Related Terms
Advantest Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Advantest'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.
ATEYY vs AMAT, LRCX, KLAC: Debt-to-Equity Comparison
For the Semiconductor Equipment & Materials subindustry, Advantest'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.
Advantest Debt-to-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Advantest's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Advantest'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.
Advantest (ATEYY) has a Debt-to-Equity of 0.03 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Advantest and its competitors. This is 80% below median its historical median of 0.15. Over the past decade, Advantest's Debt-to-Equity has ranged from 0.03 to 0.41. According to the industry distribution chart, Advantest ranks #108 out of 902 companies in the Semiconductors industry, placing it in the top 12%.
Is Advantest's Debt-to-Equity too high?
Advantest's current Debt-to-Equity of 0.03 is 80% below median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.41. The Semiconductors industry median Debt-to-Equity is 0.26. Advantest's value of 0.03 is 88.2% below this industry median. Based on the distribution chart, Advantest ranks #108 out of 902 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Advantest has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advantest's Debt-to-Equity compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Advantest ranks #108 out of 902 companies for Debt-to-Equity. This places Advantest in the top 12% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.26. Advantest's value of 0.03 is 88.2% below this benchmark. Historically, Advantest's own Debt-to-Equity has ranged from 0.03 to 0.41 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 0.26, Advantest 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 Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.26, based on 902 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. Advantest's current Debt-to-Equity of 0.03 is 88.2% 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 Advantest and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advantest's current Debt-to-Equity is 0.03, which is 80% below median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advantest stock overvalued right now?
Based on GuruFocus' analysis, Advantest (ATEYY) is currently considered Significantly Overvalued. The stock's GF Value™ is $95.19, compared to a current price of $174.52 — trading 83.3% above its estimated fair value. The current Debt-to-Equity is 0.03, which is 80% below median its 10-year median of 0.15 and 88.2% below the Semiconductors industry median of 0.26. Advantest's overall GF Score™ is 87/100 with 4 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 Advantest (ATEYY), the current Debt-to-Equity is 0.03 as of Mar. 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 Advantest (ATEYY) Overvalued in 2026?
Based on GuruFocus' analysis, Advantest stock appears to be overvalued.
The current stock price of $174.52 is trading 83.3% above its estimated GF Value™ of $95.19.
GuruFocus considers Advantest to be Significantly Overvalued.
Key valuation signals for ATEYY:
Debt-to-Equity: 0.03 (80% below median its 10-year median of 0.15)
GF Value™: $95.19 vs. price of $174.52 (83.3% above fair value)
Industry Position: 88.2% below the Semiconductors median (#108 of 902)
No single metric tells the full story. See the ATEYY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1954 and headquartered in Tokyo, Advantest specializes in semiconductor test systems and is a well-known leader in automated test equipment, or ATE. Advantest also has a high market share in test systems for nonmemory semiconductors, including application processors for mobile phones. The company is also involved in peripheral businesses, such as semiconductor device transport equipment. Following its acquisition of Verigy in July 2011, Advantest holds a market share of over 50% in the ATE market.
87GF Score
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