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.
NichiconFRA:NH4 +0.65%72 Debt-to-Equity is 0.19 as of Jun. 2026, which is 21% below its 10-year median of 0.24. GuruFocus rates FRA:NH4 with a GF Score™ of 72/100 and a GF Value™ of €7.46 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,221 Hardware companies, Nichicon ranks better than 60.06% 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 Nichicon's Debt-to-Equity or its related term are showing as below:
FRA:NH4'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.24 Max: 0.39
Current: 0.19
During the past 13 years, the highest Debt-to-Equity Ratio of Nichicon was 0.39. The lowest was 0.02. And the median was 0.24.
FRA:NH4's Debt-to-Equity is ranked better than 60.06% of 2221
companies
in the Hardware industry
Industry Median: 0.27
vs FRA:NH4: 0.19
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.
Nichicon Debt-to-Equity Related Terms
Nichicon Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Nichicon'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:NH4 vs APH, GLW, TEL: Debt-to-Equity Comparison
For the Electronic Components subindustry, Nichicon'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.
Nichicon Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Nichicon's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nichicon'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.
Nichicon (FRA:NH4) has a Debt-to-Equity of 0.19 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nichicon and its competitors. This is 21% below median its historical median of 0.24. Over the past decade, Nichicon's Debt-to-Equity has ranged from 0.02 to 0.39. According to the industry distribution chart, Nichicon ranks #887 out of 2221 companies in the Hardware industry, placing it in the top 39.9%.
Is Nichicon's Debt-to-Equity too high?
Nichicon's current Debt-to-Equity of 0.19 is 21% below median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.39. The Hardware industry median Debt-to-Equity is 0.27. Nichicon's value of 0.19 is 29.6% below this industry median. Based on the distribution chart, Nichicon ranks #887 out of 2221 companies in the Hardware industry, which is above the industry midpoint. Overall, Nichicon has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nichicon's Debt-to-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Nichicon ranks #887 out of 2221 companies for Debt-to-Equity. This puts Nichicon in the upper half of its industry. The industry median Debt-to-Equity is 0.27. Nichicon's value of 0.19 is 29.6% below this benchmark. Historically, Nichicon's own Debt-to-Equity has ranged from 0.02 to 0.39 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.27, Nichicon 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 0.27, based on 2,221 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. Nichicon's current Debt-to-Equity of 0.19 is 29.6% 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 Nichicon and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichicon's current Debt-to-Equity is 0.19, which is 21% below median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichicon stock overvalued right now?
Based on GuruFocus' analysis, Nichicon (FRA:NH4) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.46, compared to a current price of €15.50 — trading 107.8% above its estimated fair value. The current Debt-to-Equity is 0.19, which is 21% below median its 10-year median of 0.24 and 29.6% below the Hardware industry median of 0.27. Nichicon's overall GF Score™ is 72/100 with 2 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 Nichicon (FRA:NH4), the current Debt-to-Equity is 0.19 as of Jun. 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 Nichicon (FRA:NH4) Overvalued in 2026?
Based on GuruFocus' analysis, Nichicon stock appears to be overvalued.
The current stock price of €15.50 is trading 107.8% above its estimated GF Value™ of €7.46.
GuruFocus considers Nichicon to be Significantly Overvalued.
Key valuation signals for FRA:NH4:
Debt-to-Equity: 0.19 (21% below median its 10-year median of 0.24)
GF Value™: €7.46 vs. price of €15.50 (107.8% above fair value)
Industry Position: 29.6% below the Hardware median (#887 of 2221)
No single metric tells the full story. See the FRA:NH4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nichicon Corp is a Japanese technological company. The company's product lines are aluminum electrolytic capacitors, plastic film capacitors, vehicle-to-home systems, household power storage systems, power sources for medical accelerators, power sources for academic study accelerators, chargers, power storage systems for public and industrial use, switching power supplies, function modules, voltage sag compensators, and long-life voltage sag compensators. Its key business regions are Japan, Asia, the U.S., and Europe.
72GF Score
Get the complete analysis for FRA:NH4
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:NH4 has been successfully added to your 
