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Sleep NumberFRA:SL2 52 Debt-to-Equity is -1.52 as of Mar. 2026. GuruFocus rates FRA:SL2 with a GF Score™ of 52/100 and a GF Value™ of €55.88. The stock has 8 warning signs investors should review. Among 385 Furnishings, Fixtures & Appliances companies, Sleep Number ranks worse than 259740% 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 Sleep Number's Debt-to-Equity or its related term are showing as below:
FRA:SL2'
s Debt-to-Equity Range Over the Past 10 Years
Min: -8.63 Med: -2.05 Max: 2.11
Current: -1.52
During the past 13 years, the highest Debt-to-Equity Ratio of Sleep Number was 2.11. The lowest was -8.63. And the median was -2.05.
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.
Sleep Number Debt-to-Equity Related Terms
Sleep Number Debt-to-Equity Historical Data
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The historical data trend for Sleep Number'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:SL2 vs LBRA, NCLX, LUVU: Debt-to-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, Sleep Number'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.
Sleep Number Debt-to-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sleep Number's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Sleep Number'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.
Sleep Number (FRA:SL2) has a Debt-to-Equity of -1.52 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sleep Number and its competitors. According to the industry distribution chart, Sleep Number ranks #999999 out of 385 companies in the Furnishings, Fixtures & Appliances industry.
Is Sleep Number's Debt-to-Equity too high?
Sleep Number's current Debt-to-Equity is -1.52. Based on the distribution chart, Sleep Number ranks #999999 out of 385 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Sleep Number has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Sleep Number's Debt-to-Equity compare to LBRA and NCLX?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Sleep Number ranks #999999 out of 385 companies for Debt-to-Equity. This places Sleep Number in the lower half of its industry. The industry median Debt-to-Equity is 0.32. 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 Furnishings, Fixtures & Appliances company?
The median Debt-to-Equity among Furnishings, Fixtures & Appliances companies is 0.32, based on 385 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 Sleep Number and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Debt-to-Equity is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sleep Number's current Debt-to-Equity is -1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sleep Number stock overvalued right now?
Sleep Number (FRA:SL2) has a current Debt-to-Equity of -1.52. The stock's GF Value™ is €55.88, compared to a current price of €0.13 — trading 99.8% below its estimated fair value. The current Debt-to-Equity is -1.52. Sleep Number's overall GF Score™ is 52/100 with 8 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 Sleep Number (FRA:SL2), the current Debt-to-Equity is -1.52 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 Sleep Number (FRA:SL2) Overvalued in 2026?
Based on GuruFocus' analysis, Sleep Number stock appears to be undervalued.
The current stock price of €0.13 is trading 99.8% below its estimated GF Value™ of €55.88.
Key valuation signals for FRA:SL2:
Debt-to-Equity: -1.52
GF Value™: €55.88 vs. price of €0.13 (99.8% below fair value)
No single metric tells the full story. See the FRA:SL2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sleep Number Corp is a designer, manufacturer, marketer, and retailer, which allows it to offer consumers high-quality, individualized sleep solutions and services. It also offers FlextFit adjustable bases, and Sleep Number pillows, sheets, and other bedding products. The company generates revenue by marketing its innovations directly to new and existing customers and selling products through its Stores, Online, Phone, Chat (Total Retail), and Other. It focuses on personalized sleep wellness, with mattresses designed to evolve with each sleeper to help them feel and perform well, featuring adjustable firmness, pressure-relieving support, and temperature-balancing comfort built into every mattress. Its products include mattresses, bundles, bedding, pillows, and furniture.
52GF Score
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