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DowFRA:2OY -0.86%60 Debt-to-Equity is 1.29 as of Mar. 2026, which is 29% above its 10-year median of 1.00. GuruFocus rates FRA:2OY with a GF Score™ of 60/100 and a GF Value™ of €36.06 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,421 Chemicals companies, Dow ranks worse than 89.66% 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 Dow's Debt-to-Equity or its related term are showing as below:
FRA:2OY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 1 Max: 1.57
Current: 1.29
During the past 10 years, the highest Debt-to-Equity Ratio of Dow was 1.57. The lowest was 0.61. And the median was 1.00.
FRA:2OY's Debt-to-Equity is ranked worse than 89.66% of 1421
companies
in the Chemicals industry
Industry Median: 0.36
vs FRA:2OY: 1.29
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.
Dow Debt-to-Equity Related Terms
Dow Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Dow'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.
FRA:2OY vs CE, OLN, HUN: Debt-to-Equity Comparison
For the Chemicals subindustry, Dow'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.
Dow Debt-to-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Dow's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Dow'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.
Dow (FRA:2OY) has a Debt-to-Equity of 1.29 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Dow and its competitors. This is 29% above median its historical median of 1.00. Over the past decade, Dow's Debt-to-Equity has ranged from 0.61 to 1.57. According to the industry distribution chart, Dow ranks #1274 out of 1421 companies in the Chemicals industry, placing it in the top 89.7%.
Is Dow's Debt-to-Equity too high?
Dow's current Debt-to-Equity of 1.29 is 29% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.57. The Chemicals industry median Debt-to-Equity is 0.36. Dow's value of 1.29 is 258.3% above this industry median. Based on the distribution chart, Dow ranks #1274 out of 1421 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Dow has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dow's Debt-to-Equity compare to CE and OLN?
According to the Chemicals industry distribution chart, Dow ranks #1274 out of 1421 companies for Debt-to-Equity. This places Dow in the lower half of its industry. The industry median Debt-to-Equity is 0.36. Dow's value of 1.29 is 258.3% above this benchmark. Historically, Dow's own Debt-to-Equity has ranged from 0.61 to 1.57 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.36, Dow 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 Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.36, based on 1,421 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. Dow's current Debt-to-Equity of 1.29 is 258.3% 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 Dow and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dow's current Debt-to-Equity is 1.29, which is 29% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dow stock overvalued right now?
Based on GuruFocus' analysis, Dow (FRA:2OY) is currently considered Modestly Undervalued. The stock's GF Value™ is €36.06, compared to a current price of €26.37 — trading 26.9% below its estimated fair value. The current Debt-to-Equity is 1.29, which is 29% above median its 10-year median of 1.00 and 258.3% above the Chemicals industry median of 0.36. Dow's overall GF Score™ is 60/100 with 9 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 Dow (FRA:2OY), the current Debt-to-Equity is 1.29 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 Dow (FRA:2OY) Overvalued in 2026?
Based on GuruFocus' analysis, Dow stock appears to be undervalued.
The current stock price of €26.37 is trading 26.9% below its estimated GF Value™ of €36.06.
GuruFocus considers Dow to be Modestly Undervalued.
Key valuation signals for FRA:2OY:
Debt-to-Equity: 1.29 (29% above median its 10-year median of 1.00)
GF Value™: €36.06 vs. price of €26.37 (26.9% below fair value)
Industry Position: 258.3% above the Chemicals median (#1274 of 1421)
No single metric tells the full story. See the FRA:2OY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dow Chemical is a diversified global chemicals producer formed in 2019 as a result of the DowDuPont merger and subsequent separations. The firm is a leading producer of several chemicals, including polyethylene, ethylene oxide, and silicone rubber. Its products have numerous applications in consumer and industrial end markets.
60GF Score
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