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AdageneFRA:978 -2.52%42 Debt-to-Equity is 0.07 as of Jun. 2026, which is 56% below its 10-year median of 0.16. GuruFocus rates FRA:978 with a GF Score™ of 42/100 and a GF Value™ of €12.88. The stock has 3 warning signs investors should review. Among 965 Biotechnology companies, Adagene ranks better than 64.35% 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 Adagene's Debt-to-Equity or its related term are showing as below:
FRA:978'
s Debt-to-Equity Range Over the Past 10 Years
Min: -0.09 Med: 0.16 Max: 0.37
Current: 0.07
During the past 8 years, the highest Debt-to-Equity Ratio of Adagene was 0.37. The lowest was -0.09. And the median was 0.16.
FRA:978's Debt-to-Equity is ranked better than 64.35% of 965
companies
in the Biotechnology industry
Industry Median: 0.15
vs FRA:978: 0.07
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.
Adagene Debt-to-Equity Related Terms
Adagene Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Adagene'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:978 vs SLNCF, NBP, NAUT: Debt-to-Equity Comparison
For the Biotechnology subindustry, Adagene'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.
Adagene Debt-to-Equity vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Adagene's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Adagene'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.
Adagene (FRA:978) has a Debt-to-Equity of 0.07 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Adagene and its competitors. This is 56% below median its historical median of 0.16. According to the industry distribution chart, Adagene ranks #344 out of 965 companies in the Biotechnology industry, placing it in the top 35.6%.
Is Adagene's Debt-to-Equity too high?
Adagene's current Debt-to-Equity of 0.07 is 56% below median its 10-year median of 0.16. The Biotechnology industry median Debt-to-Equity is 0.15. Adagene's value of 0.07 is 53.3% below this industry median. Based on the distribution chart, Adagene ranks #344 out of 965 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Adagene has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Adagene's Debt-to-Equity compare to SLNCF and NBP?
According to the Biotechnology industry distribution chart, Adagene ranks #344 out of 965 companies for Debt-to-Equity. This puts Adagene in the upper half of its industry. The industry median Debt-to-Equity is 0.15. Adagene's value of 0.07 is 53.3% below this benchmark. While the company's 10-year median is 0.16 vs. the industry median of 0.15, Adagene has consistently been below 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 Biotechnology company?
The median Debt-to-Equity among Biotechnology companies is 0.15, based on 965 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. Adagene's current Debt-to-Equity of 0.07 is 53.3% below 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 Adagene and its competitors. For the Biotechnology industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adagene's current Debt-to-Equity is 0.07, which is 56% below median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adagene stock overvalued right now?
Adagene (FRA:978) has a current Debt-to-Equity of 0.07. The stock's GF Value™ is €12.88, compared to a current price of €3.10 — trading 75.9% below its estimated fair value. The current Debt-to-Equity is 0.07, which is 56% below median its 10-year median of 0.16 and 53.3% below the Biotechnology industry median of 0.15. Adagene's overall GF Score™ is 42/100 with 3 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 Adagene (FRA:978), the current Debt-to-Equity is 0.07 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 Adagene (FRA:978) Overvalued in 2026?
Based on GuruFocus' analysis, Adagene stock appears to be undervalued.
The current stock price of €3.10 is trading 75.9% below its estimated GF Value™ of €12.88.
Key valuation signals for FRA:978:
Debt-to-Equity: 0.07 (56% below median its 10-year median of 0.16)
GF Value™: €12.88 vs. price of €3.10 (75.9% below fair value)
Industry Position: 53.3% below the Biotechnology median (#344 of 965)
No single metric tells the full story. See the FRA:978 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adagene Inc is a platform-driven, clinical-stage biotechnology company focused on the discovery and development of novel antibody-based cancer immunotherapies. The Company leverages computational biology to design and develop novel antibodies. Powered by its Dynamic Precision Library (DPL) platform, which fuels its NEObody, SAFEbody, and POWERbody technologies, it is developing a pipeline of immunotherapies. Its candidate, ADG126 (muzastotug), an anti-CTLA-4 SAFEbody, is in phase 1b/2 and phase 2 clinical development for metastatic microsatellite-stable colorectal cancer. Its clinical-stage products include ADG126 and ADG116, investigational fully human anti-CTLA-4 mAbs generated through SAFEbody and NEObody technologies.
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