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.
Ermenegildo Zegna NVFRA:JN0 +4.72%84 Debt-to-Equity is 0.00 as of Sep. 2021. GuruFocus rates FRA:JN0 with a GF Score™ of 84/100 and a GF Value™ of €39.20 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 935 Manufacturing - Apparel & Accessories companies, Ermenegildo Zegna NV ranks worse than 78.82% 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 Ermenegildo Zegna NV's Debt-to-Equity or its related term are showing as below:
FRA:JN0'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.95 Med: 1.32 Max: 1.9
Current: 1.11
During the past 6 years, the highest Debt-to-Equity Ratio of Ermenegildo Zegna NV was 1.90. The lowest was 0.95. And the median was 1.32.
FRA:JN0's Debt-to-Equity is ranked worse than 78.82% of 935
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.41
vs FRA:JN0: 1.11
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.
Ermenegildo Zegna NV Debt-to-Equity Related Terms
Ermenegildo Zegna NV Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Ermenegildo Zegna NV'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:JN0 vs PVH, KTB, COLM: Debt-to-Equity Comparison
For the Apparel Manufacturing subindustry, Ermenegildo Zegna NV'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.
Ermenegildo Zegna NV Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ermenegildo Zegna NV's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ermenegildo Zegna NV'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.
Ermenegildo Zegna NV (FRA:JN0) has a Debt-to-Equity of 0.00 as of Sep. 2021. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ermenegildo Zegna NV and its competitors. Over the past decade, Ermenegildo Zegna NV's Debt-to-Equity has ranged from 0.95 to 1.90. According to the industry distribution chart, Ermenegildo Zegna NV ranks #737 out of 935 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 78.8%.
Is Ermenegildo Zegna NV's Debt-to-Equity too high?
Ermenegildo Zegna NV's current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 1.90. Based on the distribution chart, Ermenegildo Zegna NV ranks #737 out of 935 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Ermenegildo Zegna NV has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ermenegildo Zegna NV's Debt-to-Equity compare to PVH and KTB?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Ermenegildo Zegna NV ranks #737 out of 935 companies for Debt-to-Equity. This places Ermenegildo Zegna NV in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Historically, Ermenegildo Zegna NV's own Debt-to-Equity has ranged from 0.95 to 1.90 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.41, based on 935 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 Ermenegildo Zegna NV and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ermenegildo Zegna NV'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 Ermenegildo Zegna NV stock overvalued right now?
Based on GuruFocus' analysis, Ermenegildo Zegna NV (FRA:JN0) is currently considered Significantly Undervalued. The stock's GF Value™ is €39.20, compared to a current price of €10.64 — trading 72.9% below its estimated fair value. The current Debt-to-Equity is 0.00. Ermenegildo Zegna NV's overall GF Score™ is 84/100 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 Ermenegildo Zegna NV (FRA:JN0), the current Debt-to-Equity is 0.00 as of Sep. 2021. 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 Ermenegildo Zegna NV (FRA:JN0) Overvalued in 2026?
Based on GuruFocus' analysis, Ermenegildo Zegna NV stock appears to be undervalued.
The current stock price of €10.64 is trading 72.9% below its estimated GF Value™ of €39.20.
GuruFocus considers Ermenegildo Zegna NV to be Significantly Undervalued.
Key valuation signals for FRA:JN0:
Debt-to-Equity: 0.00
GF Value™: €39.20 vs. price of €10.64 (72.9% below fair value)
No single metric tells the full story. See the FRA:JN0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ermenegildo Zegna NV designs creates, and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear, and accessories under the Thom Browne brand. The company operates in three segments: the Zegna segment (comprising three product lines: Zegna Branded Products, Textile, and Third Party Brands); the Thom Browne segment, and the Tom Ford Fashion segment. The company generates the majority of revenue from the Zegna segment.
84GF Score
Get the complete analysis for FRA:JN0
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:JN0 has been successfully added to your 
