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Toho Holdings CoFRA:TON -2.73%86 Debt-to-Equity is 0.04 as of Mar. 2026, which is 73% below its 10-year median of 0.15. GuruFocus rates FRA:TON with a GF Score™ of 86/100 and a GF Value™ of €25.57. The stock has 3 warning signs investors should review. Among 98 Medical Distribution companies, Toho Holdings Co ranks better than 89.8% 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 Toho Holdings Co's Debt-to-Equity or its related term are showing as below:
FRA:TON'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.15 Max: 0.19
Current: 0.04
During the past 13 years, the highest Debt-to-Equity Ratio of Toho Holdings Co was 0.19. The lowest was 0.04. And the median was 0.15.
FRA:TON's Debt-to-Equity is ranked better than 89.8% of 98
companies
in the Medical Distribution industry
Industry Median: 0.485
vs FRA:TON: 0.04
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.
Toho Holdings Co Debt-to-Equity Related Terms
Toho Holdings Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Toho Holdings Co'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:TON vs MCK, COR, CAH: Debt-to-Equity Comparison
For the Medical Distribution subindustry, Toho Holdings Co'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.
Toho Holdings Co Debt-to-Equity vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Toho Holdings Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Toho Holdings Co'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.
Toho Holdings Co (FRA:TON) has a Debt-to-Equity of 0.04 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Toho Holdings Co and its competitors. This is 73% below median its historical median of 0.15. Over the past decade, Toho Holdings Co's Debt-to-Equity has ranged from 0.04 to 0.19. According to the industry distribution chart, Toho Holdings Co ranks #10 out of 98 companies in the Medical Distribution industry, placing it in the top 10.2%.
Is Toho Holdings Co's Debt-to-Equity too high?
Toho Holdings Co's current Debt-to-Equity of 0.04 is 73% below median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.19. The Medical Distribution industry median Debt-to-Equity is 0.49. Toho Holdings Co's value of 0.04 is 91.8% below this industry median. Based on the distribution chart, Toho Holdings Co ranks #10 out of 98 companies in the Medical Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Toho Holdings Co has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Toho Holdings Co's Debt-to-Equity compare to MCK and COR?
According to the Medical Distribution industry distribution chart, Toho Holdings Co ranks #10 out of 98 companies for Debt-to-Equity. This places Toho Holdings Co in the top 10% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.49. Toho Holdings Co's value of 0.04 is 91.8% below this benchmark. Historically, Toho Holdings Co's own Debt-to-Equity has ranged from 0.04 to 0.19 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 0.49, Toho Holdings Co 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 Medical Distribution company?
The median Debt-to-Equity among Medical Distribution companies is 0.49, based on 98 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. Toho Holdings Co's current Debt-to-Equity of 0.04 is 91.8% 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 Toho Holdings Co and its competitors. For the Medical Distribution industry, the median Debt-to-Equity is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Holdings Co's current Debt-to-Equity is 0.04, which is 73% below median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Holdings Co stock overvalued right now?
Toho Holdings Co (FRA:TON) has a current Debt-to-Equity of 0.04. The stock's GF Value™ is €25.57, compared to a current price of €21.40 — trading 16.3% below its estimated fair value. The current Debt-to-Equity is 0.04, which is 73% below median its 10-year median of 0.15 and 91.8% below the Medical Distribution industry median of 0.49. Toho Holdings Co's overall GF Score™ is 86/100 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 Toho Holdings Co (FRA:TON), the current Debt-to-Equity is 0.04 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 Toho Holdings Co (FRA:TON) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Holdings Co stock appears to be undervalued.
The current stock price of €21.40 is trading 16.3% below its estimated GF Value™ of €25.57.
Key valuation signals for FRA:TON:
Debt-to-Equity: 0.04 (73% below median its 10-year median of 0.15)
GF Value™: €25.57 vs. price of €21.40 (16.3% below fair value)
Industry Position: 91.8% below the Medical Distribution median (#10 of 98)
No single metric tells the full story. See the FRA:TON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Holdings Co Ltd is a specialty and generic drug manufacturing company. The company's business includes pharmaceutical wholesaling and pharmacy dispensing. It also maintains a site-management organization business that assists a variety of medical establishments, ranging from large medical institutions to private clinics, with a wide range of clinical trials under contract. The company supports medical institutions suitable for respective trials to improve the quality and speed of clinical trials. It generates additional revenue through software sales to medical institutions.
86GF Score
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