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.
Flat Glass Group CoFGSGF -14.89%91 Debt-to-Equity is 0.54 as of Mar. 2026, which is 8% below its 10-year median of 0.59. GuruFocus rates FGSGF with a GF Score™ of 91/100 and a GF Value™ of $1.71. The stock has 8 warning signs investors should review. Among 909 Semiconductors companies, Flat Glass Group Co ranks worse than 67.66% 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 Flat Glass Group Co's Debt-to-Equity or its related term are showing as below:
FGSGF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.59 Max: 1.02
Current: 0.54
During the past 12 years, the highest Debt-to-Equity Ratio of Flat Glass Group Co was 1.02. The lowest was 0.11. And the median was 0.59.
FGSGF's Debt-to-Equity is ranked worse than 67.66% of 909
companies
in the Semiconductors industry
Industry Median: 0.26
vs FGSGF: 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.
Flat Glass Group Co Debt-to-Equity Related Terms
Flat Glass Group Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Flat Glass Group Co'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.
FGSGF vs FSLR, NXT, ENPH: Debt-to-Equity Comparison
For the Solar subindustry, Flat Glass Group 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.
Flat Glass Group Co Debt-to-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Flat Glass Group Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Flat Glass Group 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.
Flat Glass Group Co (FGSGF) has a Debt-to-Equity of 0.54 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Flat Glass Group Co and its competitors. This is near median its historical median of 0.59. Over the past decade, Flat Glass Group Co's Debt-to-Equity has ranged from 0.11 to 1.02. According to the industry distribution chart, Flat Glass Group Co ranks #615 out of 909 companies in the Semiconductors industry, placing it in the top 67.7%.
Is Flat Glass Group Co's Debt-to-Equity too high?
Flat Glass Group Co's current Debt-to-Equity of 0.54 is near median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 1.02. The Semiconductors industry median Debt-to-Equity is 0.26. Flat Glass Group Co's value of 0.54 is 107.7% above this industry median. Based on the distribution chart, Flat Glass Group Co ranks #615 out of 909 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Flat Glass Group Co has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Flat Glass Group Co's Debt-to-Equity compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Flat Glass Group Co ranks #615 out of 909 companies for Debt-to-Equity. This places Flat Glass Group Co in the lower half of its industry. The industry median Debt-to-Equity is 0.26. Flat Glass Group Co's value of 0.54 is 107.7% above this benchmark. Historically, Flat Glass Group Co's own Debt-to-Equity has ranged from 0.11 to 1.02 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.26, Flat Glass Group 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 Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.26, based on 909 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. Flat Glass Group Co's current Debt-to-Equity of 0.54 is 107.7% 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 Flat Glass Group Co and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flat Glass Group Co's current Debt-to-Equity is 0.54, which is near median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flat Glass Group Co stock overvalued right now?
Flat Glass Group Co (FGSGF) has a current Debt-to-Equity of 0.54. The stock's GF Value™ is $1.71, compared to a current price of $1.20 — trading 29.8% below its estimated fair value. The current Debt-to-Equity is 0.54, which is near median its 10-year median of 0.59 and 107.7% above the Semiconductors industry median of 0.26. Flat Glass Group Co's overall GF Score™ is 91/100 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 Flat Glass Group Co (FGSGF), the current Debt-to-Equity is 0.54 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 Flat Glass Group Co (FGSGF) Overvalued in 2026?
Based on GuruFocus' analysis, Flat Glass Group Co stock appears to be undervalued.
The current stock price of $1.20 is trading 29.8% below its estimated GF Value™ of $1.71.
Key valuation signals for FGSGF:
Debt-to-Equity: 0.54 (near median its 10-year median of 0.59)
GF Value™: $1.71 vs. price of $1.20 (29.8% below fair value)
Industry Position: 107.7% above the Semiconductors median (#615 of 909)
No single metric tells the full story. See the FGSGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flat Glass Group Co Ltd manufactures and sells glass and glass products. The company operates in six segments: PV glass, Household Glass, Architectural Glass, Float Glass, Mining products, Electricity generation, and Other businesses. The majority of revenue is derived from the PV glass segment. Its geographical segments are PRC, Asia (excluding the PRC), Europe, North America, and Others.
91GF Score
Get the complete analysis for FGSGF
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
FGSGF has been successfully added to your 
