Veste Estilo (BSP:VSTE3) Debt-to-Equity: 0.29 (As of Mar. 2026) — 41% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BSP:VSTE3 Veste SA Estilo BSP:VSTE3
43 GF Score
Price R$2.50
GF Value R$6.85
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Veste Estilo Debt-to-Equity?

Veste Estilo BSP:VSTE3 -2.34% 43 Debt-to-Equity is 0.29 as of Mar. 2026, which is 41% below its 10-year median of 0.49. GuruFocus rates BSP:VSTE3 with a GF Score™ of 43/100 and a GF Value™ of R$6.85 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,020 Retail - Cyclical companies, Veste Estilo ranks better than 69.61% on this metric.

Veste Estilo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$98 Mil. Veste Estilo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$214 Mil. Veste Estilo's Total Stockholders Equity for the quarter that ended in Mar. 2026 was R$1,077 Mil. Veste Estilo's debt to equity for the quarter that ended in Mar. 2026 was 0.29.

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 Veste Estilo's Debt-to-Equity or its related term are showing as below:

BSP:VSTE3' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.28   Med: 0.49   Max: 12.68
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Veste Estilo was 12.68. The lowest was -3.28. And the median was 0.49.

BSP:VSTE3's Debt-to-Equity is ranked better than
69.61% of 1020 companies
in the Retail - Cyclical industry
Industry Median: 0.56 vs BSP:VSTE3: 0.29

Veste Estilo  (BSP:VSTE3) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Veste Estilo Debt-to-Equity Related Terms


Veste Estilo Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Veste Estilo'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.

Veste Estilo Debt-to-Equity Chart

Veste Estilo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.28 0.31 0.31 0.33 0.30

Veste Estilo Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.33 0.33 0.30 0.29

BSP:VSTE3 vs TJX, ROST, BURL: Debt-to-Equity Comparison

For the Apparel Retail subindustry, Veste Estilo'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.


Veste Estilo Debt-to-Equity vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Veste Estilo's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Veste Estilo's Debt-to-Equity falls into.


BSP:VSTE3
43GF Score
Veste SA Estilo BSP:VSTE3
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Veste Estilo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Veste Estilo's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Veste Estilo's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.29 mean?
Veste Estilo (BSP:VSTE3) has a Debt-to-Equity of 0.29 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Veste Estilo and its competitors. This is 41% below median its historical median of 0.49. According to the industry distribution chart, Veste Estilo ranks #310 out of 1020 companies in the Retail - Cyclical industry, placing it in the top 30.4%.
Is Veste Estilo's Debt-to-Equity too high?
Veste Estilo's current Debt-to-Equity of 0.29 is 41% below median its 10-year median of 0.49. The Retail - Cyclical industry median Debt-to-Equity is 0.56. Veste Estilo's value of 0.29 is 48.2% below this industry median. Based on the distribution chart, Veste Estilo ranks #310 out of 1020 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Veste Estilo has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Veste Estilo's Debt-to-Equity compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Veste Estilo ranks #310 out of 1020 companies for Debt-to-Equity. This puts Veste Estilo in the upper half of its industry. The industry median Debt-to-Equity is 0.56. Veste Estilo's value of 0.29 is 48.2% below this benchmark. While the company's 10-year median is 0.49 vs. the industry median of 0.56, Veste Estilo 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 Retail - Cyclical company?
The median Debt-to-Equity among Retail - Cyclical companies is 0.56, based on 1,020 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. Veste Estilo's current Debt-to-Equity of 0.29 is 48.2% 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 Veste Estilo and its competitors. For the Retail - Cyclical industry, the median Debt-to-Equity is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veste Estilo's current Debt-to-Equity is 0.29, which is 41% below median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veste Estilo stock overvalued right now?
Based on GuruFocus' analysis, Veste Estilo (BSP:VSTE3) is currently considered Possible Value Trap. The stock's GF Value™ is R$6.85, compared to a current price of R$2.50 — trading 63.5% below its estimated fair value. The current Debt-to-Equity is 0.29, which is 41% below median its 10-year median of 0.49 and 48.2% below the Retail - Cyclical industry median of 0.56. Veste Estilo's overall GF Score™ is 43/100 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 Veste Estilo (BSP:VSTE3), the current Debt-to-Equity is 0.29 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 Veste Estilo (BSP:VSTE3) Overvalued in 2026?

Based on GuruFocus' analysis, Veste Estilo stock appears to be undervalued. The current stock price of R$2.50 is trading 63.5% below its estimated GF Value™ of R$6.85. GuruFocus considers Veste Estilo to be Possible Value Trap.

Key valuation signals for BSP:VSTE3:

  • Debt-to-Equity: 0.29 (41% below median its 10-year median of 0.49)
  • GF Value™: R$6.85 vs. price of R$2.50 (63.5% below fair value)
  • GF Score™: 43/100 with 4 warning signs
  • Industry Position: 48.2% below the Retail - Cyclical median (#310 of 1020)

No single metric tells the full story. See the BSP:VSTE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Veste Estilo Business Description

Address Rua Othão, 405, Sao Paulo, SP, BRA, 05313-020
Veste SA Estilo is engaged in apparel industry retailers and high-end accessories in Brazil. The Company's main objectives are: development, exploration of the industry, trade, import and export of clothing and clothing accessories and trading in decorative, hygiene and cosmetic objects, among others. It produces clothes, accessories, footwear, and articles for the home, always in line with contemporary lifestyle, bringing joy, elegance, and well-being to customers under its brands Le Lis, Dudalina, john john, Stew, and Individual. The company focuses on designing, developing, manufacturing, and trading apparel and accessories for women and men.
43GF Score

Get the complete analysis for BSP:VSTE3

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$2.50
Price
R$6.85
GF Value