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Tokyo Electron DeviceFRA:8VR +10.28%68 Debt-to-Equity is 0.56 as of Mar. 2026, which is 42% below its 10-year median of 0.97. GuruFocus rates FRA:8VR with a GF Score™ of 68/100 and a GF Value™ of €16.91 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 2,218 Hardware companies, Tokyo Electron Device ranks worse than 70.87% 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 Tokyo Electron Device's Debt-to-Equity or its related term are showing as below:
FRA:8VR'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.97 Max: 1.44
Current: 0.56
During the past 13 years, the highest Debt-to-Equity Ratio of Tokyo Electron Device was 1.44. The lowest was 0.56. And the median was 0.97.
FRA:8VR's Debt-to-Equity is ranked worse than 70.87% of 2218
companies
in the Hardware industry
Industry Median: 0.27
vs FRA:8VR: 0.56
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.
Tokyo Electron Device Debt-to-Equity Related Terms
Tokyo Electron Device Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Tokyo Electron Device'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:8VR vs APH, GLW, TEL: Debt-to-Equity Comparison
For the Electronic Components subindustry, Tokyo Electron Device'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.
Tokyo Electron Device Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Tokyo Electron Device's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Tokyo Electron Device'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.
Tokyo Electron Device (FRA:8VR) has a Debt-to-Equity of 0.56 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Tokyo Electron Device and its competitors. This is 42% below median its historical median of 0.97. Over the past decade, Tokyo Electron Device's Debt-to-Equity has ranged from 0.56 to 1.44. According to the industry distribution chart, Tokyo Electron Device ranks #1572 out of 2218 companies in the Hardware industry, placing it in the top 70.9%.
Is Tokyo Electron Device's Debt-to-Equity too high?
Tokyo Electron Device's current Debt-to-Equity of 0.56 is 42% below median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.44. The Hardware industry median Debt-to-Equity is 0.27. Tokyo Electron Device's value of 0.56 is 107.4% above this industry median. Based on the distribution chart, Tokyo Electron Device ranks #1572 out of 2218 companies in the Hardware industry, which is below the industry midpoint. Overall, Tokyo Electron Device has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Electron Device's Debt-to-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Tokyo Electron Device ranks #1572 out of 2218 companies for Debt-to-Equity. This places Tokyo Electron Device in the lower half of its industry. The industry median Debt-to-Equity is 0.27. Tokyo Electron Device's value of 0.56 is 107.4% above this benchmark. Historically, Tokyo Electron Device's own Debt-to-Equity has ranged from 0.56 to 1.44 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.27, Tokyo Electron Device 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 0.27, based on 2,218 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. Tokyo Electron Device's current Debt-to-Equity of 0.56 is 107.4% 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 Tokyo Electron Device and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Electron Device's current Debt-to-Equity is 0.56, which is 42% below median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Electron Device stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Electron Device (FRA:8VR) is currently considered Modestly Overvalued. The stock's GF Value™ is €16.91, compared to a current price of €21.50 — trading 27.1% above its estimated fair value. The current Debt-to-Equity is 0.56, which is 42% below median its 10-year median of 0.97 and 107.4% above the Hardware industry median of 0.27. Tokyo Electron Device's overall GF Score™ is 68/100 with 7 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 Tokyo Electron Device (FRA:8VR), the current Debt-to-Equity is 0.56 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 Tokyo Electron Device (FRA:8VR) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Electron Device stock appears to be overvalued.
The current stock price of €21.50 is trading 27.1% above its estimated GF Value™ of €16.91.
GuruFocus considers Tokyo Electron Device to be Modestly Overvalued.
Key valuation signals for FRA:8VR:
Debt-to-Equity: 0.56 (42% below median its 10-year median of 0.97)
GF Value™: €16.91 vs. price of €21.50 (27.1% above fair value)
Industry Position: 107.4% above the Hardware median (#1572 of 2218)
No single metric tells the full story. See the FRA:8VR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Electron Device Ltd is engaged in the sales of semiconductor products, board computer products, software and other electronic components. It is also involved in the business of network and security solutions, storage solutions, and software solutions.
68GF Score
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