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.
Citizen Watch CoFRA:CTZ +0.72%32 Debt-to-Equity is 0.23 as of Mar. 2026, which is 12% below its 10-year median of 0.26. GuruFocus rates FRA:CTZ with a GF Score™ of 32/100 and a GF Value™ of €6.41 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 930 Manufacturing - Apparel & Accessories companies, Citizen Watch Co ranks better than 65.91% 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 Citizen Watch Co's Debt-to-Equity or its related term are showing as below:
FRA:CTZ'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.26 Max: 0.37
Current: 0.23
During the past 13 years, the highest Debt-to-Equity Ratio of Citizen Watch Co was 0.37. The lowest was 0.19. And the median was 0.26.
FRA:CTZ's Debt-to-Equity is ranked better than 65.91% of 930
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.42
vs FRA:CTZ: 0.23
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.
Citizen Watch Co Debt-to-Equity Related Terms
Citizen Watch Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Citizen Watch Co'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:CTZ vs NKE, DECK, ONON: Debt-to-Equity Comparison
For the Footwear & Accessories subindustry, Citizen Watch Co'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.
Citizen Watch Co Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Citizen Watch Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Citizen Watch Co'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.
Citizen Watch Co (FRA:CTZ) has a Debt-to-Equity of 0.23 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Citizen Watch Co and its competitors. This is 12% below median its historical median of 0.26. Over the past decade, Citizen Watch Co's Debt-to-Equity has ranged from 0.19 to 0.37. According to the industry distribution chart, Citizen Watch Co ranks #317 out of 930 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 34.1%.
Is Citizen Watch Co's Debt-to-Equity too high?
Citizen Watch Co's current Debt-to-Equity of 0.23 is 12% below median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.37. The Manufacturing - Apparel & Accessories industry median Debt-to-Equity is 0.42. Citizen Watch Co's value of 0.23 is 45.2% below this industry median. Based on the distribution chart, Citizen Watch Co ranks #317 out of 930 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Citizen Watch Co has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Citizen Watch Co's Debt-to-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Citizen Watch Co ranks #317 out of 930 companies for Debt-to-Equity. This puts Citizen Watch Co in the upper half of its industry. The industry median Debt-to-Equity is 0.42. Citizen Watch Co's value of 0.23 is 45.2% below this benchmark. Historically, Citizen Watch Co's own Debt-to-Equity has ranged from 0.19 to 0.37 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.42, Citizen Watch Co 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.42, based on 930 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. Citizen Watch Co's current Debt-to-Equity of 0.23 is 45.2% 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 Citizen Watch Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citizen Watch Co's current Debt-to-Equity is 0.23, which is 12% below median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citizen Watch Co stock overvalued right now?
Based on GuruFocus' analysis, Citizen Watch Co (FRA:CTZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.41, compared to a current price of €14.00 — trading 118.4% above its estimated fair value. The current Debt-to-Equity is 0.23, which is 12% below median its 10-year median of 0.26 and 45.2% below the Manufacturing - Apparel & Accessories industry median of 0.42. Citizen Watch Co's overall GF Score™ is 32/100 with 5 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 Citizen Watch Co (FRA:CTZ), the current Debt-to-Equity is 0.23 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 Citizen Watch Co (FRA:CTZ) Overvalued in 2026?
Based on GuruFocus' analysis, Citizen Watch Co stock appears to be overvalued.
The current stock price of €14.00 is trading 118.4% above its estimated GF Value™ of €6.41.
GuruFocus considers Citizen Watch Co to be Significantly Overvalued.
Key valuation signals for FRA:CTZ:
Debt-to-Equity: 0.23 (12% below median its 10-year median of 0.26)
GF Value™: €6.41 vs. price of €14.00 (118.4% above fair value)
Industry Position: 45.2% below the Manufacturing - Apparel & Accessories median (#317 of 930)
No single metric tells the full story. See the FRA:CTZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Citizen Watch Co Ltd is a company whose main business is to manufacture and sell watches, machine tools, electronic devices, and electronic products. The Company has four reportable segments which includes Watches Business, Machine Tools Business, Device Business, and Electronic Equipment and Other Business. It generates majority of the revenue from Watches Business segment.
32GF Score
Get the complete analysis for FRA:CTZ
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:CTZ has been successfully added to your 
