M&G (CHIX:MNGL) Debt-to-Equity: 2.20 (As of Dec. 2025) — 43% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

CHIX:MNGL M&G PLC CHIX:MNGL
62 GF Score
Price £3.53
GF Value £3.52
Valuation Fairly Valued
! 5 Warning Signs
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What is M&G Debt-to-Equity?

M&G CHIX:MNGL +1.46% 62 Debt-to-Equity is 2.20 as of Dec. 2025, which is 43% above its 10-year median of 1.54. GuruFocus rates CHIX:MNGL with a GF Score™ of 62/100 and a GF Value™ of £3.52 (Fairly Valued). The stock has 5 warning signs investors should review. Among 962 Asset Management companies, M&G ranks worse than 94.49% on this metric.

M&G's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was £40 Mil. M&G's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was £6,872 Mil. M&G's Total Stockholders Equity for the quarter that ended in Dec. 2025 was £3,136 Mil. M&G's debt to equity for the quarter that ended in Dec. 2025 was 2.20.

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 M&G's Debt-to-Equity or its related term are showing as below:

CHIX:MNGl' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19   Med: 1.54   Max: 2.2
Current: 2.2

During the past 10 years, the highest Debt-to-Equity Ratio of M&G was 2.20. The lowest was 0.19. And the median was 1.54.

CHIX:MNGl's Debt-to-Equity is ranked worse than
94.49% of 962 companies
in the Asset Management industry
Industry Median: 0.21 vs CHIX:MNGl: 2.20

M&G  (CHIX:MNGl) 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.


M&G Debt-to-Equity Related Terms


M&G Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for M&G'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.

M&G Debt-to-Equity Chart

M&G 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 1.30 1.87 1.99 2.11 2.20

M&G Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.99 2.31 2.11 2.09 2.20

CHIX:MNGL vs BLK, BX, KKR: Debt-to-Equity Comparison

For the Asset Management subindustry, M&G'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.


M&G Debt-to-Equity vs Asset Management Industry

For the Asset Management industry and Financial Services sector, M&G's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where M&G's Debt-to-Equity falls into.


CHIX:MNGL
62GF Score
M&G PLC CHIX:MNGL
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

M&G Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

M&G's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

M&G's Debt to Equity Ratio for the quarter that ended in Dec. 2025 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 2.20 mean?
M&G (CHIX:MNGL) has a Debt-to-Equity of 2.20 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on M&G and its competitors. This is 43% above median its historical median of 1.54. Over the past decade, M&G's Debt-to-Equity has ranged from 0.19 to 2.20. According to the industry distribution chart, M&G ranks #909 out of 962 companies in the Asset Management industry, placing it in the top 94.5%.
Is M&G's Debt-to-Equity too high?
M&G's current Debt-to-Equity of 2.20 is 43% above median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 2.20. The Asset Management industry median Debt-to-Equity is 0.21. M&G's value of 2.20 is 947.6% above this industry median. Based on the distribution chart, M&G ranks #909 out of 962 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, M&G has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does M&G's Debt-to-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, M&G ranks #909 out of 962 companies for Debt-to-Equity. This places M&G in the lower half of its industry. The industry median Debt-to-Equity is 0.21. M&G's value of 2.20 is 947.6% above this benchmark. Historically, M&G's own Debt-to-Equity has ranged from 0.19 to 2.20 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 0.21, M&G 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 an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 962 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. M&G's current Debt-to-Equity of 2.20 is 947.6% 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 M&G and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M&G's current Debt-to-Equity is 2.20, which is 43% above median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M&G stock overvalued right now?
Based on GuruFocus' analysis, M&G (CHIX:MNGL) is currently considered Fairly Valued. The stock's GF Value™ is £3.52, compared to a current price of £3.53 — trading 0.4% above its estimated fair value. The current Debt-to-Equity is 2.20, which is 43% above median its 10-year median of 1.54 and 947.6% above the Asset Management industry median of 0.21. M&G's overall GF Score™ is 62/100 with 5 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 M&G (CHIX:MNGL), the current Debt-to-Equity is 2.20 as of Dec. 2025. 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 M&G (CHIX:MNGL) Overvalued in 2026?

Based on GuruFocus' analysis, M&G stock appears to be overvalued. The current stock price of £3.53 is trading 0.4% above its estimated GF Value™ of £3.52. GuruFocus considers M&G to be Fairly Valued.

Key valuation signals for CHIX:MNGL:

  • Debt-to-Equity: 2.20 (43% above median its 10-year median of 1.54)
  • GF Value™: £3.52 vs. price of £3.53 (0.4% above fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 947.6% above the Asset Management median (#909 of 962)

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


M&G Business Description

Other Exchanges MGPUF:USAMNG:UK7MP:Germany
Address 10 Fenchurch Avenue, London, GBR, EC3M 5AG
M&G PLC is a United Kingdom-based company engaged in the savings and investments business. It serves retail customers, who want to build and protect their life savings, and provides investment solutions. The company's reportable segment are Asset Management segment offers investment management to both wholesale and institutional clients. The Life segment operates in the savings and pensions market and includes corporate risk and individual and international solutions. and The Corporate Centre segment includes central corporate costs and debt costs. Geographically segmentation includes United Kingdom and rest of the world.
62GF Score

Get the complete analysis for CHIX:MNGL

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

£3.53
Price
£3.52
GF Value