Shift (FRA:7CZ) Debt-to-Equity: 0.52 (As of Feb. 2026) — 41% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:7CZ Shift Inc FRA:7CZ
83 GF Score
Price €5.10
GF Value €9.38
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Shift Debt-to-Equity?

Shift FRA:7CZ +4.94% 83 Debt-to-Equity is 0.52 as of Feb. 2026, which is 41% above its 10-year median of 0.37. GuruFocus rates FRA:7CZ with a GF Score™ of 83/100 and a GF Value™ of €9.38 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,249 Software companies, Shift ranks worse than 82.75% on this metric.

Shift's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was €73.1 Mil. Shift's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was €36.3 Mil. Shift's Total Stockholders Equity for the quarter that ended in Feb. 2026 was €210.4 Mil. Shift's debt to equity for the quarter that ended in Feb. 2026 was 0.52.

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 Shift's Debt-to-Equity or its related term are showing as below:

FRA:7CZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14   Med: 0.37   Max: 1.15
Current: 0.9

During the past 13 years, the highest Debt-to-Equity Ratio of Shift was 1.15. The lowest was 0.14. And the median was 0.37.

FRA:7CZ's Debt-to-Equity is ranked worse than
82.75% of 2249 companies
in the Software industry
Industry Median: 0.2 vs FRA:7CZ: 0.90

Shift  (FRA:7CZ) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Shift Debt-to-Equity Related Terms


Shift Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Shift'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.

Shift Debt-to-Equity Chart

Shift Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.14 0.17 0.28 0.29

Shift Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.49 0.29 0.35 0.52 0.90

FRA:7CZ vs QH, SHOP, UBER: Debt-to-Equity Comparison

For the Software - Application subindustry, Shift'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.


Shift Debt-to-Equity vs Software Industry

For the Software industry and Technology sector, Shift's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shift's Debt-to-Equity falls into.


FRA:7CZ
83GF Score
Shift Inc FRA:7CZ
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shift Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shift's Debt to Equity Ratio for the fiscal year that ended in Aug. 2025 is calculated as

Shift's Debt to Equity Ratio for the quarter that ended in Feb. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.52 mean?
Shift (FRA:7CZ) has a Debt-to-Equity of 0.52 as of Feb. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Shift and its competitors. This is 41% above median its historical median of 0.37. Over the past decade, Shift's Debt-to-Equity has ranged from 0.14 to 1.15. According to the industry distribution chart, Shift ranks #1861 out of 2249 companies in the Software industry, placing it in the top 82.7%.
Is Shift's Debt-to-Equity too high?
Shift's current Debt-to-Equity of 0.52 is 41% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 1.15. The Software industry median Debt-to-Equity is 0.20. Shift's value of 0.52 is 160% above this industry median. Based on the distribution chart, Shift ranks #1861 out of 2249 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Shift has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shift's Debt-to-Equity compare to QH and SHOP?
According to the Software industry distribution chart, Shift ranks #1861 out of 2249 companies for Debt-to-Equity. This places Shift in the lower half of its industry. The industry median Debt-to-Equity is 0.20. Shift's value of 0.52 is 160% above this benchmark. Historically, Shift's own Debt-to-Equity has ranged from 0.14 to 1.15 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.20, Shift 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 Software company?
The median Debt-to-Equity among Software companies is 0.20, based on 2,249 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. Shift's current Debt-to-Equity of 0.52 is 160% 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 Shift and its competitors. For the Software industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shift's current Debt-to-Equity is 0.52, which is 41% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shift stock overvalued right now?
Based on GuruFocus' analysis, Shift (FRA:7CZ) is currently considered Significantly Undervalued. The stock's GF Value™ is €9.38, compared to a current price of €5.10 — trading 45.6% below its estimated fair value. The current Debt-to-Equity is 0.52, which is 41% above median its 10-year median of 0.37 and 160% above the Software industry median of 0.20. Shift's overall GF Score™ is 83/100 with 1 warning sign 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 Shift (FRA:7CZ), the current Debt-to-Equity is 0.52 as of Feb. 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 Shift (FRA:7CZ) Overvalued in 2026?

Based on GuruFocus' analysis, Shift stock appears to be undervalued. The current stock price of €5.10 is trading 45.6% below its estimated GF Value™ of €9.38. GuruFocus considers Shift to be Significantly Undervalued.

Key valuation signals for FRA:7CZ:

  • Debt-to-Equity: 0.52 (41% above median its 10-year median of 0.37)
  • GF Value™: €9.38 vs. price of €5.10 (45.6% below fair value)
  • GF Score™: 83/100 with 1 warning sign
  • Industry Position: 160% above the Software median (#1861 of 2249)

No single metric tells the full story. See the FRA:7CZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shift Business Description

Other Exchanges 3697:Japan
Address MASONIC 39 MT BUILDING, 2-4-5 Azabudai, Minato-ku, Tokyo, JPN, 106-0041
Shift Inc provides software testing services. The company's solutions include Test Design that takes into consideration of usability for the next project, and its seasoned test engineers provide support to test design such as building standard confirmation item. Test Run helps the customers to choose onsite or off-site implementation in accordance with the environment. MinTest is a website where people report bugs of social games and applications. It also provides other services such as CAT, Non-Functional Testing, Localization, and others related services.
83GF Score

Get the complete analysis for FRA:7CZ

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€5.10
Price
€9.38
GF Value