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NetEaseBSP:NETE34 -5.31%93 Debt-to-Equity is 0.07 as of Mar. 2026, which is 68% below its 10-year median of 0.22. GuruFocus rates BSP:NETE34 with a GF Score™ of 93/100 and a GF Value™ of R$61.35 (Fairly Valued). The stock has 1 warning sign investors should review. Among 412 Interactive Media companies, NetEase ranks better than 61.41% 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 NetEase's Debt-to-Equity or its related term are showing as below:
BSP:NETE34'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.22 Max: 0.32
Current: 0.07
During the past 13 years, the highest Debt-to-Equity Ratio of NetEase was 0.32. The lowest was 0.04. And the median was 0.22.
BSP:NETE34's Debt-to-Equity is ranked better than 61.41% of 412
companies
in the Interactive Media industry
Industry Median: 0.125
vs BSP:NETE34: 0.07
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.
NetEase Debt-to-Equity Related Terms
NetEase Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for NetEase'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.
BSP:NETE34 vs EA, TTWO, RBLX: Debt-to-Equity Comparison
For the Electronic Gaming & Multimedia subindustry, NetEase'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.
NetEase Debt-to-Equity vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where NetEase'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.
NetEase (BSP:NETE34) has a Debt-to-Equity of 0.07 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NetEase and its competitors. This is 68% below median its historical median of 0.22. Over the past decade, NetEase's Debt-to-Equity has ranged from 0.04 to 0.32. According to the industry distribution chart, NetEase ranks #159 out of 412 companies in the Interactive Media industry, placing it in the top 38.6%.
Is NetEase's Debt-to-Equity too high?
NetEase's current Debt-to-Equity of 0.07 is 68% below median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.32. The Interactive Media industry median Debt-to-Equity is 0.13. NetEase's value of 0.07 is 44% below this industry median. Based on the distribution chart, NetEase ranks #159 out of 412 companies in the Interactive Media industry, which is above the industry midpoint. Overall, NetEase has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase's Debt-to-Equity compare to EA and TTWO?
According to the Interactive Media industry distribution chart, NetEase ranks #159 out of 412 companies for Debt-to-Equity. This puts NetEase in the upper half of its industry. The industry median Debt-to-Equity is 0.13. NetEase's value of 0.07 is 44% below this benchmark. Historically, NetEase's own Debt-to-Equity has ranged from 0.04 to 0.32 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.13, NetEase 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 an Interactive Media company?
The median Debt-to-Equity among Interactive Media companies is 0.13, based on 412 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. NetEase's current Debt-to-Equity of 0.07 is 44% 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 NetEase and its competitors. For the Interactive Media industry, the median Debt-to-Equity is 0.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase's current Debt-to-Equity is 0.07, which is 68% below median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase stock overvalued right now?
Based on GuruFocus' analysis, NetEase (BSP:NETE34) is currently considered Fairly Valued. The stock's GF Value™ is R$61.35, compared to a current price of R$65.09 — trading 6.1% above its estimated fair value. The current Debt-to-Equity is 0.07, which is 68% below median its 10-year median of 0.22 and 44% below the Interactive Media industry median of 0.13. NetEase's overall GF Score™ is 93/100 with 1 warning sign 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 NetEase (BSP:NETE34), the current Debt-to-Equity is 0.07 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 NetEase (BSP:NETE34) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase stock appears to be overvalued.
The current stock price of R$65.09 is trading 6.1% above its estimated GF Value™ of R$61.35.
GuruFocus considers NetEase to be Fairly Valued.
Key valuation signals for BSP:NETE34:
Debt-to-Equity: 0.07 (68% below median its 10-year median of 0.22)
GF Value™: R$61.35 vs. price of R$65.09 (6.1% above fair value)
Industry Position: 44% below the Interactive Media median (#159 of 412)
No single metric tells the full story. See the BSP:NETE34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
93GF Score
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