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Horizon OilFRA:HOJ +1.68%51 Debt-to-Equity is 0.85 as of Dec. 2025, which is 118% above its 10-year median of 0.39. GuruFocus rates FRA:HOJ with a GF Score™ of 51/100 and a GF Value™ of €0.09 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 804 Oil & Gas companies, Horizon Oil ranks worse than 67.79% 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 Horizon Oil's Debt-to-Equity or its related term are showing as below:
FRA:HOJ'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.39 Max: 1.43
Current: 0.85
During the past 13 years, the highest Debt-to-Equity Ratio of Horizon Oil was 1.43. The lowest was 0.02. And the median was 0.39.
FRA:HOJ's Debt-to-Equity is ranked worse than 67.79% of 804
companies
in the Oil & Gas industry
Industry Median: 0.46
vs FRA:HOJ: 0.85
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.
Horizon Oil Debt-to-Equity Related Terms
Horizon Oil Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Horizon Oil'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:HOJ vs COP, EOG, FANG: Debt-to-Equity Comparison
For the Oil & Gas E&P subindustry, Horizon Oil'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.
Horizon Oil Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Horizon Oil's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Horizon Oil'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.
Horizon Oil (FRA:HOJ) has a Debt-to-Equity of 0.85 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Horizon Oil and its competitors. This is 118% above median its historical median of 0.39. Over the past decade, Horizon Oil's Debt-to-Equity has ranged from 0.02 to 1.43. According to the industry distribution chart, Horizon Oil ranks #545 out of 804 companies in the Oil & Gas industry, placing it in the top 67.8%.
Is Horizon Oil's Debt-to-Equity too high?
Horizon Oil's current Debt-to-Equity of 0.85 is 118% above median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 1.43. The Oil & Gas industry median Debt-to-Equity is 0.46. Horizon Oil's value of 0.85 is 84.8% above this industry median. Based on the distribution chart, Horizon Oil ranks #545 out of 804 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Horizon Oil has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Oil's Debt-to-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Horizon Oil ranks #545 out of 804 companies for Debt-to-Equity. This places Horizon Oil in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Horizon Oil's value of 0.85 is 84.8% above this benchmark. Historically, Horizon Oil's own Debt-to-Equity has ranged from 0.02 to 1.43 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.46, Horizon Oil 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 an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 804 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. Horizon Oil's current Debt-to-Equity of 0.85 is 84.8% 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 Horizon Oil and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Oil's current Debt-to-Equity is 0.85, which is 118% above median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Oil stock overvalued right now?
Based on GuruFocus' analysis, Horizon Oil (FRA:HOJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.09, compared to a current price of €0.12 — trading 34.4% above its estimated fair value. The current Debt-to-Equity is 0.85, which is 118% above median its 10-year median of 0.39 and 84.8% above the Oil & Gas industry median of 0.46. Horizon Oil's overall GF Score™ is 51/100 with 6 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 Horizon Oil (FRA:HOJ), the current Debt-to-Equity is 0.85 as of Dec. 2025. 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 Horizon Oil (FRA:HOJ) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Oil stock appears to be overvalued.
The current stock price of €0.12 is trading 34.4% above its estimated GF Value™ of €0.09.
GuruFocus considers Horizon Oil to be Significantly Overvalued.
Key valuation signals for FRA:HOJ:
Debt-to-Equity: 0.85 (118% above median its 10-year median of 0.39)
GF Value™: €0.09 vs. price of €0.12 (34.4% above fair value)
Industry Position: 84.8% above the Oil & Gas median (#545 of 804)
No single metric tells the full story. See the FRA:HOJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company operates in three segments: China development, New Zealand development, and Australia development. It generates maximum revenue from the China development segment, which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The New Zealand development segment is currently involved in developing and producing crude oil from the Maari/Manaia oil field development, and the Australia development segment is engaged in developing and producing oil and gas from the Mereenie OL4 and OL5 oil and gas fields.
51GF Score
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