Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 Bechtle AG's Debt-to-Equity or its related term are showing as below:
BHTLF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.34 Max: 0.49
Current: 0.12
During the past 13 years, the highest Debt-to-Equity Ratio of Bechtle AG was 0.49. The lowest was 0.09. And the median was 0.34.
BHTLF's Debt-to-Equity is ranked better than 61.28% of 2239
companies
in the Software industry
Industry Median: 0.19
vs BHTLF: 0.12
Bechtle AG (OTCPK:BHTLF) 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.
Bechtle AG Debt-to-Equity Related Terms
Bechtle AG Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Bechtle AG'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.
BHTLF vs IBM, ACN, FISV: Debt-to-Equity Comparison
For the Information Technology Services subindustry, Bechtle AG'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.
Bechtle AG Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Bechtle AG's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Bechtle AG'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.
Bechtle AG (BHTLF) has a Debt-to-Equity of 0.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Bechtle AG and its competitors. Over the past decade, Bechtle AG's Debt-to-Equity has ranged from 0.09 to 0.49. According to the industry distribution chart, Bechtle AG ranks #867 out of 2239 companies in the Software industry, placing it in the top 38.7%.
Is Bechtle AG's Debt-to-Equity too high?
Bechtle AG's current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.49. Based on the distribution chart, Bechtle AG ranks #867 out of 2239 companies in the Software industry, which is above the industry midpoint. Overall, Bechtle AG has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Bechtle AG's Debt-to-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Bechtle AG ranks #867 out of 2239 companies for Debt-to-Equity. This puts Bechtle AG in the upper half of its industry. The industry median Debt-to-Equity is 0.19. Historically, Bechtle AG's own Debt-to-Equity has ranged from 0.09 to 0.49 over the past decade. 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 2,239 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. 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 Bechtle AG 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. Bechtle AG's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bechtle AG stock overvalued right now?
Bechtle AG (BHTLF) has a current Debt-to-Equity of 0.00. The stock's GF Value™ is $63.00, compared to a current price of $46.95 — trading 25.5% below its estimated fair value. The current Debt-to-Equity is 0.00. Bechtle AG's overall GF Score™ is 79/100 with 2 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 Bechtle AG (BHTLF), the current Debt-to-Equity is 0.00 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 Bechtle AG (BHTLF) Overvalued in 2026?
Based on GuruFocus' analysis, Bechtle AG stock appears to be undervalued.
The current stock price of $46.95 is trading 25.5% below its estimated GF Value™ of $63.00.
Key valuation signals for BHTLF:
Debt-to-Equity: 0.00
GF Value™: $63.00 vs. price of $46.95 (25.5% below fair value)
No single metric tells the full story. See the BHTLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company's customers are mainly in the industrial, trade, financial, and public sectors. The company operates through four reportable segments; Germany, France, Benelux, and Other Europe. It generates maximum of its revenue from the Germany segment. The company offers its customers IT hardware, software, solutions and services in 14 European countries, with Germany being the main market.
79GF Score
Get the complete analysis for BHTLF
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BHTLF has been successfully added to your 
