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.
Sao MartinhoBSP:SMTO3 -2.12%78 Debt-to-Equity is 1.35 as of Mar. 2026, which is 5% above its 10-year median of 1.29. GuruFocus rates BSP:SMTO3 with a GF Score™ of 78/100 and a GF Value™ of R$25.49 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,420 Chemicals companies, Sao Martinho ranks worse than 90.56% 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 Sao Martinho's Debt-to-Equity or its related term are showing as below:
BSP:SMTO3'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.07 Med: 1.29 Max: 1.66
Current: 1.35
During the past 13 years, the highest Debt-to-Equity Ratio of Sao Martinho was 1.66. The lowest was 1.07. And the median was 1.29.
BSP:SMTO3's Debt-to-Equity is ranked worse than 90.56% of 1420
companies
in the Chemicals industry
Industry Median: 0.36
vs BSP:SMTO3: 1.35
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.
Sao Martinho Debt-to-Equity Related Terms
Sao Martinho Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Sao Martinho'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:SMTO3 vs LIN, SHW, ECL: Debt-to-Equity Comparison
For the Specialty Chemicals subindustry, Sao Martinho'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.
Sao Martinho Debt-to-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sao Martinho's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Sao Martinho'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.
Sao Martinho (BSP:SMTO3) has a Debt-to-Equity of 1.35 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sao Martinho and its competitors. This is near median its historical median of 1.29. Over the past decade, Sao Martinho's Debt-to-Equity has ranged from 1.07 to 1.66. According to the industry distribution chart, Sao Martinho ranks #1286 out of 1420 companies in the Chemicals industry, placing it in the top 90.6%.
Is Sao Martinho's Debt-to-Equity too high?
Sao Martinho's current Debt-to-Equity of 1.35 is near median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 1.66. The Chemicals industry median Debt-to-Equity is 0.36. Sao Martinho's value of 1.35 is 275% above this industry median. Based on the distribution chart, Sao Martinho ranks #1286 out of 1420 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Sao Martinho has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sao Martinho's Debt-to-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sao Martinho ranks #1286 out of 1420 companies for Debt-to-Equity. This places Sao Martinho in the lower half of its industry. The industry median Debt-to-Equity is 0.36. Sao Martinho's value of 1.35 is 275% above this benchmark. Historically, Sao Martinho's own Debt-to-Equity has ranged from 1.07 to 1.66 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 0.36, Sao Martinho 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 Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.36, based on 1,420 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. Sao Martinho's current Debt-to-Equity of 1.35 is 275% 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 Sao Martinho and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sao Martinho's current Debt-to-Equity is 1.35, which is near median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sao Martinho stock overvalued right now?
Based on GuruFocus' analysis, Sao Martinho (BSP:SMTO3) is currently considered Possible Value Trap. The stock's GF Value™ is R$25.49, compared to a current price of R$15.71 — trading 38.4% below its estimated fair value. The current Debt-to-Equity is 1.35, which is near median its 10-year median of 1.29 and 275% above the Chemicals industry median of 0.36. Sao Martinho's overall GF Score™ is 78/100 with 8 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 Sao Martinho (BSP:SMTO3), the current Debt-to-Equity is 1.35 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 Sao Martinho (BSP:SMTO3) Overvalued in 2026?
Based on GuruFocus' analysis, Sao Martinho stock appears to be undervalued.
The current stock price of R$15.71 is trading 38.4% below its estimated GF Value™ of R$25.49.
GuruFocus considers Sao Martinho to be Possible Value Trap.
Key valuation signals for BSP:SMTO3:
Debt-to-Equity: 1.35 (near median its 10-year median of 1.29)
GF Value™: R$25.49 vs. price of R$15.71 (38.4% below fair value)
Industry Position: 275% above the Chemicals median (#1286 of 1420)
No single metric tells the full story. See the BSP:SMTO3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sao Martinho SA operates the following segments: sugar, ethanol, electricity, real estate ventures, Yeast, and other products. Sales of sugar and ethanol, both of which the company produces with sugar cane, comprise the vast majority of the company's revenue. Sao Martinho produces sugar and ethanol in its four Brazilian mills. The company derives its sugar cane mostly from its own plantations, agricultural partnerships, shareholders, and related companies. Sao Martinho exports most of its sugar, and it sells most of its ethanol domestically.
78GF Score
Get the complete analysis for BSP:SMTO3
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
BSP:SMTO3 has been successfully added to your 
