Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Calnex SolutionsFRA:CSO -4.32%54 Debt-to-Equity is 0.03 as of Mar. 2026, which is 25% below its 10-year median of 0.04. GuruFocus rates FRA:CSO with a GF Score™ of 54/100 and a GF Value™ of €0.78 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,216 Hardware companies, Calnex Solutions ranks better than 89.94% 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 Calnex Solutions's Debt-to-Equity or its related term are showing as below:
FRA:CSO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 1.21
Current: 0.03
During the past 9 years, the highest Debt-to-Equity Ratio of Calnex Solutions was 1.21. The lowest was 0.02. And the median was 0.04.
FRA:CSO's Debt-to-Equity is ranked better than 89.94% of 2216
companies
in the Hardware industry
Industry Median: 0.27
vs FRA:CSO: 0.03
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.
Calnex Solutions Debt-to-Equity Related Terms
Calnex Solutions Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Calnex Solutions'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:CSO vs CSCO, CIEN, MSI: Debt-to-Equity Comparison
For the Communication Equipment subindustry, Calnex Solutions'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.
Calnex Solutions Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Calnex Solutions's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Calnex Solutions'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.
Calnex Solutions (FRA:CSO) has a Debt-to-Equity of 0.03 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Calnex Solutions and its competitors. This is 25% below median its historical median of 0.04. Over the past decade, Calnex Solutions' Debt-to-Equity has ranged from 0.02 to 1.21. According to the industry distribution chart, Calnex Solutions ranks #223 out of 2216 companies in the Hardware industry, placing it in the top 10.1%.
Is Calnex Solutions' Debt-to-Equity too high?
Calnex Solutions' current Debt-to-Equity of 0.03 is 25% below median its 10-year median of 0.04. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 1.21. The Hardware industry median Debt-to-Equity is 0.27. Calnex Solutions' value of 0.03 is 88.9% below this industry median. Based on the distribution chart, Calnex Solutions ranks #223 out of 2216 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Calnex Solutions has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Calnex Solutions' Debt-to-Equity compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Calnex Solutions ranks #223 out of 2216 companies for Debt-to-Equity. This places Calnex Solutions in the top 10% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.27. Calnex Solutions' value of 0.03 is 88.9% below this benchmark. Historically, Calnex Solutions' own Debt-to-Equity has ranged from 0.02 to 1.21 over the past decade. While the company's 10-year median is 0.04 vs. the industry median of 0.27, Calnex Solutions 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.27, based on 2,216 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. Calnex Solutions's current Debt-to-Equity of 0.03 is 88.9% 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 Calnex Solutions 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. Calnex Solutions's current Debt-to-Equity is 0.03, which is 25% below median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calnex Solutions stock overvalued right now?
Based on GuruFocus' analysis, Calnex Solutions (FRA:CSO) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.78, compared to a current price of €0.67 — trading 14.7% below its estimated fair value. The current Debt-to-Equity is 0.03, which is 25% below median its 10-year median of 0.04 and 88.9% below the Hardware industry median of 0.27. Calnex Solutions' overall GF Score™ is 54/100 with 4 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 Calnex Solutions (FRA:CSO), the current Debt-to-Equity is 0.03 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 Calnex Solutions (FRA:CSO) Overvalued in 2026?
Based on GuruFocus' analysis, Calnex Solutions stock appears to be undervalued.
The current stock price of €0.67 is trading 14.7% below its estimated GF Value™ of €0.78.
GuruFocus considers Calnex Solutions to be Modestly Undervalued.
Key valuation signals for FRA:CSO:
Debt-to-Equity: 0.03 (25% below median its 10-year median of 0.04)
GF Value™: €0.78 vs. price of €0.67 (14.7% below fair value)
Industry Position: 88.9% below the Hardware median (#223 of 2216)
No single metric tells the full story. See the FRA:CSO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calnex Solutions PLC is a provider of test and measurement solutions for the telecommunications sector. It designs, produces, and markets test instrumentation and solutions for network synchronization and network emulation. The company offers its equipment to network operators, network providers, systems suppliers, laboratories, and network infrastructures. The company operates in North Asia, Americas and Rest of the world, out of which it derives maximum revenue from Rest of the World.
54GF Score
Get the complete analysis for FRA:CSO
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:CSO has been successfully added to your 
