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Tokai Tokyo Financial HoldingsFRA:TO91 +2.90%73 Debt-to-Equity is 3.75 as of Mar. 2026, which is 3% above its 10-year median of 3.65. GuruFocus rates FRA:TO91 with a GF Score™ of 73/100 and a GF Value™ of €3.34 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 610 Capital Markets companies, Tokai Tokyo Financial Holdings ranks worse than 94.59% 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 Tokai Tokyo Financial Holdings's Debt-to-Equity or its related term are showing as below:
FRA:TO91'
s Debt-to-Equity Range Over the Past 10 Years
Min: 2.11 Med: 3.65 Max: 4.53
Current: 3.51
During the past 13 years, the highest Debt-to-Equity Ratio of Tokai Tokyo Financial Holdings was 4.53. The lowest was 2.11. And the median was 3.65.
FRA:TO91's Debt-to-Equity is ranked worse than 94.59% of 610
companies
in the Capital Markets industry
Industry Median: 0.305
vs FRA:TO91: 3.51
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.
Tokai Tokyo Financial Holdings Debt-to-Equity Related Terms
Tokai Tokyo Financial Holdings Debt-to-Equity Historical Data
* 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.
Tokai Tokyo Financial Holdings Debt-to-Equity Chart
FRA:TO91 vs MS, GS, SCHW: Debt-to-Equity Comparison
For the Capital Markets subindustry, Tokai Tokyo Financial Holdings'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.
Tokai Tokyo Financial Holdings Debt-to-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tokai Tokyo Financial Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Tokai Tokyo Financial Holdings'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.
Tokai Tokyo Financial Holdings (FRA:TO91) has a Debt-to-Equity of 3.75 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Tokai Tokyo Financial Holdings and its competitors. This is near median its historical median of 3.65. Over the past decade, Tokai Tokyo Financial Holdings' Debt-to-Equity has ranged from 2.11 to 4.53. According to the industry distribution chart, Tokai Tokyo Financial Holdings ranks #577 out of 610 companies in the Capital Markets industry, placing it in the top 94.6%.
Is Tokai Tokyo Financial Holdings' Debt-to-Equity too high?
Tokai Tokyo Financial Holdings' current Debt-to-Equity of 3.75 is near median its 10-year median of 3.65. Over the past 10 years, this metric has ranged from a low of 2.11 to a high of 4.53. The Capital Markets industry median Debt-to-Equity is 0.31. Tokai Tokyo Financial Holdings' value of 3.75 is 1129.5% above this industry median. Based on the distribution chart, Tokai Tokyo Financial Holdings ranks #577 out of 610 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Tokai Tokyo Financial Holdings has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokai Tokyo Financial Holdings' Debt-to-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Tokai Tokyo Financial Holdings ranks #577 out of 610 companies for Debt-to-Equity. This places Tokai Tokyo Financial Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.31. Tokai Tokyo Financial Holdings' value of 3.75 is 1129.5% above this benchmark. Historically, Tokai Tokyo Financial Holdings' own Debt-to-Equity has ranged from 2.11 to 4.53 over the past decade. While the company's 10-year median is 3.65 vs. the industry median of 0.31, Tokai Tokyo Financial Holdings 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 Capital Markets company?
The median Debt-to-Equity among Capital Markets companies is 0.31, based on 610 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. Tokai Tokyo Financial Holdings's current Debt-to-Equity of 3.75 is 1129.5% 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 Tokai Tokyo Financial Holdings and its competitors. For the Capital Markets industry, the median Debt-to-Equity is 0.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokai Tokyo Financial Holdings's current Debt-to-Equity is 3.75, which is near median its own 10-year median of 3.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Tokyo Financial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tokai Tokyo Financial Holdings (FRA:TO91) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.34, compared to a current price of €4.26 — trading 27.5% above its estimated fair value. The current Debt-to-Equity is 3.75, which is near median its 10-year median of 3.65 and 1129.5% above the Capital Markets industry median of 0.31. Tokai Tokyo Financial Holdings' overall GF Score™ is 73/100 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 Tokai Tokyo Financial Holdings (FRA:TO91), the current Debt-to-Equity is 3.75 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 Tokai Tokyo Financial Holdings (FRA:TO91) Overvalued in 2026?
Based on GuruFocus' analysis, Tokai Tokyo Financial Holdings stock appears to be overvalued.
The current stock price of €4.26 is trading 27.5% above its estimated GF Value™ of €3.34.
GuruFocus considers Tokai Tokyo Financial Holdings to be Modestly Overvalued.
Key valuation signals for FRA:TO91:
Debt-to-Equity: 3.75 (near median its 10-year median of 3.65)
GF Value™: €3.34 vs. price of €4.26 (27.5% above fair value)
Industry Position: 1129.5% above the Capital Markets median (#577 of 610)
No single metric tells the full story. See the FRA:TO91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokai Tokyo Financial Holdings Inc. is the holding company of the Tokai Tokyo Financial Group. It operates and manages the group's companies. Tokai Tokyo Financial Group consists primarily of companies in Japan, but a few are in overseas markets. Tokyo Securities is the operating nucleus of the group and manages financial instruments businesses, fund management, back-office services, and research. For the overall group, operations are divided into trading activities and commissions. Tokai's commissions are gained through brokerage services and underwriting and distribution.
73GF Score
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