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Are HoldingsFRA:A19 -0.96%92 Debt-to-Equity is 1.13 as of Jun. 2026, which is 14% below its 10-year median of 1.32. GuruFocus rates FRA:A19 with a GF Score™ of 92/100 and a GF Value™ of €20.62 (Fairly Valued). The stock has 7 warning signs investors should review. Among 217 Waste Management companies, Are Holdings ranks worse than 75.58% 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 Are Holdings's Debt-to-Equity or its related term are showing as below:
FRA:A19'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 1.32 Max: 3.15
Current: 1.13
During the past 13 years, the highest Debt-to-Equity Ratio of Are Holdings was 3.15. The lowest was 0.45. And the median was 1.32.
FRA:A19's Debt-to-Equity is ranked worse than 75.58% of 217
companies
in the Waste Management industry
Industry Median: 0.58
vs FRA:A19: 1.13
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.
Are Holdings Debt-to-Equity Related Terms
Are Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Are Holdings'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:A19 vs WM, RSG, WCN: Debt-to-Equity Comparison
For the Waste Management subindustry, Are Holdings'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.
Are Holdings Debt-to-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Are Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Are Holdings'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.
Are Holdings (FRA:A19) has a Debt-to-Equity of 1.13 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Are Holdings and its competitors. This is 14% below median its historical median of 1.32. Over the past decade, Are Holdings' Debt-to-Equity has ranged from 0.45 to 3.15. According to the industry distribution chart, Are Holdings ranks #164 out of 217 companies in the Waste Management industry, placing it in the top 75.6%.
Is Are Holdings' Debt-to-Equity too high?
Are Holdings' current Debt-to-Equity of 1.13 is 14% below median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 3.15. The Waste Management industry median Debt-to-Equity is 0.58. Are Holdings' value of 1.13 is 94.8% above this industry median. Based on the distribution chart, Are Holdings ranks #164 out of 217 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Are Holdings has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Are Holdings' Debt-to-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Are Holdings ranks #164 out of 217 companies for Debt-to-Equity. This places Are Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.58. Are Holdings' value of 1.13 is 94.8% above this benchmark. Historically, Are Holdings' own Debt-to-Equity has ranged from 0.45 to 3.15 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 0.58, Are Holdings 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 Waste Management company?
The median Debt-to-Equity among Waste Management companies is 0.58, based on 217 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. Are Holdings's current Debt-to-Equity of 1.13 is 94.8% 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 Are Holdings and its competitors. For the Waste Management industry, the median Debt-to-Equity is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Are Holdings's current Debt-to-Equity is 1.13, which is 14% below median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Are Holdings stock overvalued right now?
Based on GuruFocus' analysis, Are Holdings (FRA:A19) is currently considered Fairly Valued. The stock's GF Value™ is €20.62, compared to a current price of €20.60 — trading 0.1% below its estimated fair value. The current Debt-to-Equity is 1.13, which is 14% below median its 10-year median of 1.32 and 94.8% above the Waste Management industry median of 0.58. Are Holdings' overall GF Score™ is 92/100 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 Are Holdings (FRA:A19), the current Debt-to-Equity is 1.13 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 Are Holdings (FRA:A19) Overvalued in 2026?
Based on GuruFocus' analysis, Are Holdings stock appears to be undervalued.
The current stock price of €20.60 is trading 0.1% below its estimated GF Value™ of €20.62.
GuruFocus considers Are Holdings to be Fairly Valued.
Key valuation signals for FRA:A19:
Debt-to-Equity: 1.13 (14% below median its 10-year median of 1.32)
GF Value™: €20.62 vs. price of €20.60 (0.1% below fair value)
Industry Position: 94.8% above the Waste Management median (#164 of 217)
No single metric tells the full story. See the FRA:A19 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Are Holdings Inc formerly Asahi Holdings Inc is operative in the Japanese waste management industry. The company's principal interest lies in the precious metals recycling activities. This segment deals with the recycling and sale of precious metals and rare metals, including gold, silver, palladium, platinum, and indium, which are refined from precious metal-containing scraps inclusive of electronic materials, dental materials, jewelry manufacture and automobile catalysts. Asahi's secondary line of business is responsible for the collection, transportation and intermediate treatment of industrial wastes, such as waste acids, waste alkalis, waste oil, sludge, waste drugs and infectious medical wastes.
92GF Score
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