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Rakuten GroupFRA:RAKA +3.07%64 Debt-to-Equity is 6.28 as of Mar. 2026, which is 106% above its 10-year median of 3.05. GuruFocus rates FRA:RAKA with a GF Score™ of 64/100 and a GF Value™ of €4.80 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,023 Retail - Cyclical companies, Rakuten Group ranks worse than 96.87% 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 Rakuten Group's Debt-to-Equity or its related term are showing as below:
FRA:RAKA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.04 Med: 3.05 Max: 7.99
Current: 6.28
During the past 13 years, the highest Debt-to-Equity Ratio of Rakuten Group was 7.99. The lowest was 1.04. And the median was 3.05.
FRA:RAKA's Debt-to-Equity is ranked worse than 96.87% of 1023
companies
in the Retail - Cyclical industry
Industry Median: 0.56
vs FRA:RAKA: 6.28
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.
Rakuten Group Debt-to-Equity Related Terms
Rakuten Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Rakuten Group'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:RAKA vs AMZN, BABA, PDD: Debt-to-Equity Comparison
For the Internet Retail subindustry, Rakuten Group'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.
Rakuten Group Debt-to-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Rakuten Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Rakuten Group'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.
Rakuten Group (FRA:RAKA) has a Debt-to-Equity of 6.28 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Rakuten Group and its competitors. This is 106% above median its historical median of 3.05. Over the past decade, Rakuten Group's Debt-to-Equity has ranged from 1.04 to 7.99. According to the industry distribution chart, Rakuten Group ranks #991 out of 1023 companies in the Retail - Cyclical industry, placing it in the top 96.9%.
Is Rakuten Group's Debt-to-Equity too high?
Rakuten Group's current Debt-to-Equity of 6.28 is 106% above median its 10-year median of 3.05. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 7.99. The Retail - Cyclical industry median Debt-to-Equity is 0.56. Rakuten Group's value of 6.28 is 1021.4% above this industry median. Based on the distribution chart, Rakuten Group ranks #991 out of 1023 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Rakuten Group has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Rakuten Group's Debt-to-Equity compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Rakuten Group ranks #991 out of 1023 companies for Debt-to-Equity. This places Rakuten Group in the lower half of its industry. The industry median Debt-to-Equity is 0.56. Rakuten Group's value of 6.28 is 1021.4% above this benchmark. Historically, Rakuten Group's own Debt-to-Equity has ranged from 1.04 to 7.99 over the past decade. While the company's 10-year median is 3.05 vs. the industry median of 0.56, Rakuten Group 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 a Retail - Cyclical company?
The median Debt-to-Equity among Retail - Cyclical companies is 0.56, based on 1,023 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. Rakuten Group's current Debt-to-Equity of 6.28 is 1021.4% 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 Rakuten Group and its competitors. For the Retail - Cyclical 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. Rakuten Group's current Debt-to-Equity is 6.28, which is 106% above median its own 10-year median of 3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rakuten Group stock overvalued right now?
Based on GuruFocus' analysis, Rakuten Group (FRA:RAKA) is currently considered Fairly Valued. The stock's GF Value™ is €4.80, compared to a current price of €4.70 — trading 2.1% below its estimated fair value. The current Debt-to-Equity is 6.28, which is 106% above median its 10-year median of 3.05 and 1021.4% above the Retail - Cyclical industry median of 0.56. Rakuten Group's overall GF Score™ is 64/100 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 Rakuten Group (FRA:RAKA), the current Debt-to-Equity is 6.28 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 Rakuten Group (FRA:RAKA) Overvalued in 2026?
Based on GuruFocus' analysis, Rakuten Group stock appears to be undervalued.
The current stock price of €4.70 is trading 2.1% below its estimated GF Value™ of €4.80.
GuruFocus considers Rakuten Group to be Fairly Valued.
Key valuation signals for FRA:RAKA:
Debt-to-Equity: 6.28 (106% above median its 10-year median of 3.05)
GF Value™: €4.80 vs. price of €4.70 (2.1% below fair value)
Industry Position: 1021.4% above the Retail - Cyclical median (#991 of 1023)
No single metric tells the full story. See the FRA:RAKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rakuten is a leading e-commerce and financial technology service provider in Japan. It has built up a comprehensive Rakuten ecosystem in Japan, including Rakuten Ichiba for e-commerce, Rakuten Travel, Rakuten Card, Rakuten Bank, and Rakuten Securities, and became the fourth mobile network operator in Japan in April 2020. The loyalty program, Rakuten Super Points, has encouraged cross-use of services in its ecosystem. About 90% of its revenue is generated from the Japanese market.
64GF Score
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