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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.
The historical rank and industry rank for Elma Electronic AG's Debt-to-Equity or its related term are showing as below:
FRA:312'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.61 Max: 1.06
Current: 0.78
During the past 13 years, the highest Debt-to-Equity Ratio of Elma Electronic AG was 1.06. The lowest was 0.36. And the median was 0.61.
FRA:312's Debt-to-Equity is ranked worse than 78.85% of 2227
companies
in the Hardware industry
Industry Median: 0.28
vs FRA:312: 0.78
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.
Elma Electronic AG Debt-to-Equity Related Terms
Elma Electronic AG Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Elma Electronic AG'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:312 vs DELL, ANET, SNDK: Debt-to-Equity Comparison
For the Computer Hardware subindustry, Elma Electronic AG'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.
Elma Electronic AG Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Elma Electronic AG's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Elma Electronic AG'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.
Elma Electronic AG (FRA:312) has a Debt-to-Equity of 0.78 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Elma Electronic AG and its competitors. This is 28% above median its historical median of 0.61. Over the past decade, Elma Electronic AG's Debt-to-Equity has ranged from 0.36 to 1.06. According to the industry distribution chart, Elma Electronic AG ranks #1756 out of 2227 companies in the Hardware industry, placing it in the top 78.9%.
Is Elma Electronic AG's Debt-to-Equity too high?
Elma Electronic AG's current Debt-to-Equity of 0.78 is 28% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 1.06. The Hardware industry median Debt-to-Equity is 0.28. Elma Electronic AG's value of 0.78 is 178.6% above this industry median. Based on the distribution chart, Elma Electronic AG ranks #1756 out of 2227 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Elma Electronic AG has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Elma Electronic AG's Debt-to-Equity compare to DELL and ANET?
According to the Hardware industry distribution chart, Elma Electronic AG ranks #1756 out of 2227 companies for Debt-to-Equity. This places Elma Electronic AG in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Elma Electronic AG's value of 0.78 is 178.6% above this benchmark. Historically, Elma Electronic AG's own Debt-to-Equity has ranged from 0.36 to 1.06 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.28, Elma Electronic AG 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.28, based on 2,227 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. Elma Electronic AG's current Debt-to-Equity of 0.78 is 178.6% 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 Elma Electronic AG and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elma Electronic AG's current Debt-to-Equity is 0.78, which is 28% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elma Electronic AG stock overvalued right now?
Elma Electronic AG (FRA:312) has a current Debt-to-Equity of 0.78. The stock's GF Value™ is €1,080.56, compared to a current price of €1,400.00 — trading 29.6% above its estimated fair value. The current Debt-to-Equity is 0.78, which is 28% above median its 10-year median of 0.61 and 178.6% above the Hardware industry median of 0.28. Elma Electronic AG's overall GF Score™ is 56/100 with 10 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 Elma Electronic AG (FRA:312), the current Debt-to-Equity is 0.78 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 Elma Electronic AG (FRA:312) Overvalued in 2026?
Based on GuruFocus' analysis, Elma Electronic AG stock appears to be overvalued.
The current stock price of €1,400.00 is trading 29.6% above its estimated GF Value™ of €1,080.56.
Key valuation signals for FRA:312:
Debt-to-Equity: 0.78 (28% above median its 10-year median of 0.61)
GF Value™: €1,080.56 vs. price of €1,400.00 (29.6% above fair value)
Industry Position: 178.6% above the Hardware median (#1756 of 2227)
No single metric tells the full story. See the FRA:312 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elma Electronic AG is a Switzerland-based company. It acts as a manufacturer of electronic packaging products for the embedded systems market from components, backplanes, storage boards and chassis platforms to fully integrated systems. The product line of the company includes embedded boards such as mass storage, ethernet and PCIe switches, architecture solutions, embedded computing systems, system accessories, and rack level services. It also offers engineering services, contract manufacturing, system integration, customization and other services.
56GF Score
Get the complete analysis for FRA:312
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