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.
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 Exceed World's Debt-to-Equity or its related term are showing as below:
EXDW'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.17
Current: 0.17
During the past 10 years, the highest Debt-to-Equity Ratio of Exceed World was 0.17. The lowest was 0.01. And the median was 0.04.
EXDW's Debt-to-Equity is not ranked
in the Education industry.
Industry Median: 0.315
vs EXDW: 0.17
Exceed World (OTCPK:EXDW) Debt-to-Equity Explanation
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.
Exceed World Debt-to-Equity Related Terms
Exceed World Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Exceed World'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.
EXDW vs ASPU, WAFU, AMBO: Debt-to-Equity Comparison
For the Education & Training Services subindustry, Exceed World'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.
Exceed World Debt-to-Equity vs Education Industry
For the Education industry and Consumer Defensive sector, Exceed World's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Exceed World'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.
Exceed World (EXDW) has a Debt-to-Equity of 0.17 as of Sep. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Exceed World and its competitors. This is 325% above median its historical median of 0.04. Over the past decade, Exceed World's Debt-to-Equity has ranged from 0.01 to 0.17.
Is Exceed World's Debt-to-Equity too high?
Exceed World's current Debt-to-Equity of 0.17 is 325% above median its 10-year median of 0.04. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.17. The Education industry median Debt-to-Equity is 0.32. Exceed World's value of 0.17 is 46% below this industry median. Overall, Exceed World has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Exceed World's Debt-to-Equity compare to ASPU and WAFU?
Exceed World's Debt-to-Equity of 0.17 can be compared against companies in the Education industry. The industry median Debt-to-Equity is 0.32. Exceed World's value of 0.17 is 46% below this benchmark. Historically, Exceed World's own Debt-to-Equity has ranged from 0.01 to 0.17 over the past decade. While the company's 10-year median is 0.04 vs. the industry median of 0.32, Exceed World 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 Education company?
The median Debt-to-Equity among Education companies is 0.32, based on 222 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. Exceed World's current Debt-to-Equity of 0.17 is 46% 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 Exceed World and its competitors. For the Education industry, the median Debt-to-Equity is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exceed World's current Debt-to-Equity is 0.17, which is 325% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exceed World stock overvalued right now?
Exceed World (EXDW) has a current Debt-to-Equity of 0.17. The stock's GF Value™ is $0.15, compared to a current price of $0.29 — trading 95% above its estimated fair value. The current Debt-to-Equity is 0.17, which is 325% above median its 10-year median of 0.04 and 46% below the Education industry median of 0.32. Exceed World's overall GF Score™ is 44/100 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 Exceed World (EXDW), the current Debt-to-Equity is 0.17 as of Sep. 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 Exceed World (EXDW) Overvalued in 2026?
Based on GuruFocus' analysis, Exceed World stock appears to be overvalued.
The current stock price of $0.29 is trading 95% above its estimated GF Value™ of $0.15.
Key valuation signals for EXDW:
Debt-to-Equity: 0.17 (325% above median its 10-year median of 0.04)
GF Value™: $0.15 vs. price of $0.29 (95% above fair value)
No single metric tells the full story. See the EXDW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exceed World Inc is engaged in the education service business and provides educational services through an internet platform called Force Club. The company is an education service provider in Japan, offering a range of e-learning education programs and supporting services through Force Club. Its e-learning programs, procured from independent third-party software developers, include pre-school learning resources, resources supplementing elementary, junior high, and senior high school curricula, preparation courses for university entrance and professional qualification examinations, and English learning, serving customers from pre-school children to students and adult learners, mainly as supplemental learning resources and self-learning tools.
44GF Score
Get the complete analysis for EXDW
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
EXDW has been successfully added to your 
