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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.
CTOBF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.76 Max: 1.13
Current: 0.54
During the past 11 years, the highest Debt-to-Equity Ratio of China Tobacco International (HK) Co was 1.13. The lowest was 0.01. And the median was 0.76.
CTOBF's Debt-to-Equity is ranked worse than 60% of 35
companies
in the Tobacco Products industry
Industry Median: 0.37
vs CTOBF: 0.54
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.
China Tobacco International (HK) Co Debt-to-Equity Related Terms
China Tobacco International (HK) Co Debt-to-Equity Historical Data
* 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.
China Tobacco International (HK) Co Debt-to-Equity Chart
For the Tobacco subindustry, China Tobacco International (HK) Co'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.
China Tobacco International (HK) Co Debt-to-Equity vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, China Tobacco International (HK) Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where China Tobacco International (HK) Co'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.
China Tobacco International (HK) Co (CTOBF) has a Debt-to-Equity of 0.51 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on China Tobacco International (HK) Co and its competitors. This is 33% below median its historical median of 0.76. Over the past decade, China Tobacco International (HK) Co's Debt-to-Equity has ranged from 0.01 to 1.13. According to the industry distribution chart, China Tobacco International (HK) Co ranks #21 out of 35 companies in the Tobacco Products industry, placing it in the top 60%.
Is China Tobacco International (HK) Co's Debt-to-Equity too high?
China Tobacco International (HK) Co's current Debt-to-Equity of 0.51 is 33% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 1.13. The Tobacco Products industry median Debt-to-Equity is 0.37. China Tobacco International (HK) Co's value of 0.51 is 37.8% above this industry median. Based on the distribution chart, China Tobacco International (HK) Co ranks #21 out of 35 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, China Tobacco International (HK) Co has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does China Tobacco International (HK) Co's Debt-to-Equity compare to PM and MO?
According to the Tobacco Products industry distribution chart, China Tobacco International (HK) Co ranks #21 out of 35 companies for Debt-to-Equity. This places China Tobacco International (HK) Co in the lower half of its industry. The industry median Debt-to-Equity is 0.37. China Tobacco International (HK) Co's value of 0.51 is 37.8% above this benchmark. Historically, China Tobacco International (HK) Co's own Debt-to-Equity has ranged from 0.01 to 1.13 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.37, China Tobacco International (HK) Co 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 Tobacco Products company?
The median Debt-to-Equity among Tobacco Products companies is 0.37, based on 35 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. China Tobacco International (HK) Co's current Debt-to-Equity of 0.51 is 37.8% 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 China Tobacco International (HK) Co and its competitors. For the Tobacco Products industry, the median Debt-to-Equity is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Tobacco International (HK) Co's current Debt-to-Equity is 0.51, which is 33% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tobacco International (HK) Co stock overvalued right now?
China Tobacco International (HK) Co (CTOBF) has a current Debt-to-Equity of 0.51. The stock's GF Value™ is $1.93, compared to a current price of $2.05 — trading 6.2% above its estimated fair value. The current Debt-to-Equity is 0.51, which is 33% below median its 10-year median of 0.76 and 37.8% above the Tobacco Products industry median of 0.37. China Tobacco International (HK) Co's overall GF Score™ is 88/100 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 China Tobacco International (HK) Co (CTOBF), the current Debt-to-Equity is 0.51 as of Jun. 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 China Tobacco International (HK) Co (CTOBF) Overvalued in 2026?
Based on GuruFocus' analysis, China Tobacco International (HK) Co stock appears to be overvalued.
The current stock price of $2.05 is trading 6.2% above its estimated GF Value™ of $1.93.
Key valuation signals for CTOBF:
Debt-to-Equity: 0.51 (33% below median its 10-year median of 0.76)
GF Value™: $1.93 vs. price of $2.05 (6.2% above fair value)
Industry Position: 37.8% above the Tobacco Products median (#21 of 35)
No single metric tells the full story. See the CTOBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Tobacco International (HK) Co Ltd is engaged in the tobacco business. It operates through various segments namely the Tobacco Leaf Products Export Business, the Tobacco Leaf Product Import Business, the Cigarettes Export Business, the New Tobacco Product Export Business, and the Brazil Operation Business. The company's geographical segments are China (excluding the SARs), Indonesia, Korea, Hong Kong, Philippines, Vietnam, Brazil, Belgium, Poland, Paraguay, Egypt, and others, of which it derives maximum revenue from the PRC. It earns maximum revenue from the Tobacco Leaf Product Import Business.
88GF Score
Get the complete analysis for CTOBF
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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