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LightPath TechnologiesFRA:LPZB +2.91%49 Debt-to-Equity is 0.13 as of Mar. 2026, which is 62% below its 10-year median of 0.34. GuruFocus rates FRA:LPZB with a GF Score™ of 49/100 and a GF Value™ of €2.11 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,220 Hardware companies, LightPath Technologies ranks better than 68.29% 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 LightPath Technologies's Debt-to-Equity or its related term are showing as below:
FRA:LPZB'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.34 Max: 0.97
Current: 0.13
During the past 13 years, the highest Debt-to-Equity Ratio of LightPath Technologies was 0.97. The lowest was 0.03. And the median was 0.34.
FRA:LPZB's Debt-to-Equity is ranked better than 68.29% of 2220
companies
in the Hardware industry
Industry Median: 0.28
vs FRA:LPZB: 0.13
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.
LightPath Technologies Debt-to-Equity Related Terms
LightPath Technologies Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for LightPath Technologies'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:LPZB vs KOPN, MEI, LYTS: Debt-to-Equity Comparison
For the Electronic Components subindustry, LightPath Technologies'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.
LightPath Technologies Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, LightPath Technologies's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where LightPath Technologies'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.
LightPath Technologies (FRA:LPZB) has a Debt-to-Equity of 0.13 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on LightPath Technologies and its competitors. This is 62% below median its historical median of 0.34. Over the past decade, LightPath Technologies' Debt-to-Equity has ranged from 0.03 to 0.97. According to the industry distribution chart, LightPath Technologies ranks #704 out of 2220 companies in the Hardware industry, placing it in the top 31.7%.
Is LightPath Technologies' Debt-to-Equity too high?
LightPath Technologies' current Debt-to-Equity of 0.13 is 62% below median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.97. The Hardware industry median Debt-to-Equity is 0.28. LightPath Technologies' value of 0.13 is 53.6% below this industry median. Based on the distribution chart, LightPath Technologies ranks #704 out of 2220 companies in the Hardware industry, which is above the industry midpoint. Overall, LightPath Technologies has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LightPath Technologies' Debt-to-Equity compare to KOPN and MEI?
According to the Hardware industry distribution chart, LightPath Technologies ranks #704 out of 2220 companies for Debt-to-Equity. This puts LightPath Technologies in the upper half of its industry. The industry median Debt-to-Equity is 0.28. LightPath Technologies' value of 0.13 is 53.6% below this benchmark. Historically, LightPath Technologies' own Debt-to-Equity has ranged from 0.03 to 0.97 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.28, LightPath Technologies 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 0.28, based on 2,220 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. LightPath Technologies's current Debt-to-Equity of 0.13 is 53.6% 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 LightPath Technologies and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LightPath Technologies's current Debt-to-Equity is 0.13, which is 62% below median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LightPath Technologies stock overvalued right now?
Based on GuruFocus' analysis, LightPath Technologies (FRA:LPZB) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.11, compared to a current price of €10.60 — trading 402.4% above its estimated fair value. The current Debt-to-Equity is 0.13, which is 62% below median its 10-year median of 0.34 and 53.6% below the Hardware industry median of 0.28. LightPath Technologies' overall GF Score™ is 49/100 with 3 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 LightPath Technologies (FRA:LPZB), the current Debt-to-Equity is 0.13 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 LightPath Technologies (FRA:LPZB) Overvalued in 2026?
Based on GuruFocus' analysis, LightPath Technologies stock appears to be overvalued.
The current stock price of €10.60 is trading 402.4% above its estimated GF Value™ of €2.11.
GuruFocus considers LightPath Technologies to be Significantly Overvalued.
Key valuation signals for FRA:LPZB:
Debt-to-Equity: 0.13 (62% below median its 10-year median of 0.34)
GF Value™: €2.11 vs. price of €10.60 (402.4% above fair value)
Industry Position: 53.6% below the Hardware median (#704 of 2220)
No single metric tells the full story. See the FRA:LPZB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LightPath Technologies Inc manufactures, distributes, and integrates proprietary optical components and assemblies. It develops optical solutions for traditional optics and communications markets. The company's products include precision molded optics and infrared products, serving markets such as distribution, laser, industrial, instrumentation, telecommunications, and defense. Its products are categorized as infrared components, visible components, assemblies and modules, and engineering services. G5 Infrared's revenue mainly comes from infrared components and assemblies.
49GF Score
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