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 DBS Group Holdings's Debt-to-Equity or its related term are showing as below:
FRA:DEV'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64 Med: 0.92 Max: 1.14
Current: 1.08
During the past 13 years, the highest Debt-to-Equity Ratio of DBS Group Holdings was 1.14. The lowest was 0.64. And the median was 0.92.
FRA:DEV's Debt-to-Equity is ranked worse than 69.59% of 1424
companies
in the Banks industry
Industry Median: 0.56
vs FRA:DEV: 1.08
DBS Group Holdings (FRA:DEV) Debt-to-Equity Explanation
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.
DBS Group Holdings Debt-to-Equity Related Terms
DBS Group Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for DBS Group 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.
For the Banks - Regional subindustry, DBS Group 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.
DBS Group Holdings Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, DBS Group Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where DBS Group 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.
DBS Group Holdings (FRA:DEV) has a Debt-to-Equity of 0.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on DBS Group Holdings and its competitors. Over the past decade, DBS Group Holdings' Debt-to-Equity has ranged from 0.64 to 1.14. According to the industry distribution chart, DBS Group Holdings ranks #991 out of 1424 companies in the Banks industry, placing it in the top 69.6%.
Is DBS Group Holdings' Debt-to-Equity too high?
DBS Group Holdings' current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.14. Based on the distribution chart, DBS Group Holdings ranks #991 out of 1424 companies in the Banks industry, which is below the industry midpoint. Overall, DBS Group Holdings has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does DBS Group Holdings' Debt-to-Equity compare to PNC and USB?
According to the Banks industry distribution chart, DBS Group Holdings ranks #991 out of 1424 companies for Debt-to-Equity. This places DBS Group Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.56. Historically, DBS Group Holdings' own Debt-to-Equity has ranged from 0.64 to 1.14 over the past decade. 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 Banks company?
The median Debt-to-Equity among Banks companies is 0.56, based on 1,424 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. 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 DBS Group Holdings and its competitors. For the Banks industry, the median Debt-to-Equity is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DBS Group Holdings's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DBS Group Holdings stock overvalued right now?
DBS Group Holdings (FRA:DEV) has a current Debt-to-Equity of 0.00. The stock's GF Value™ is €116.12, compared to a current price of €179.00 — trading 54.2% above its estimated fair value. The current Debt-to-Equity is 0.00. DBS Group Holdings' overall GF Score™ is 73/100 with 9 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 DBS Group Holdings (FRA:DEV), the current Debt-to-Equity is 0.00 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 DBS Group Holdings (FRA:DEV) Overvalued in 2026?
Based on GuruFocus' analysis, DBS Group Holdings stock appears to be overvalued.
The current stock price of €179.00 is trading 54.2% above its estimated GF Value™ of €116.12.
Key valuation signals for FRA:DEV:
Debt-to-Equity: 0.00
GF Value™: €116.12 vs. price of €179.00 (54.2% above fair value)
No single metric tells the full story. See the FRA:DEV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DBS Group is a Singapore-based banking group offering a full range of services to consumers, small to midsize enterprises, and corporations and institutions. Its main presence is in Singapore and Greater China. The acquisition of Lakshmi Vilas Bank has strengthened DBS' operations in India, and the acquisition of Citibank's Taiwan operation should bring additional growth in Greater China. DBS' wealth management division is one of the largest in Asia, with assets under management of SGD 492 billion as of March 2026.
73GF Score
Get the complete analysis for FRA:DEV
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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