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Toyo Kanetsu KKFRA:TQ2 +1.54%80 Debt-to-Equity is 0.33 as of Mar. 2026, which is 3% below its 10-year median of 0.34. GuruFocus rates FRA:TQ2 with a GF Score™ of 80/100 and a GF Value™ of €12.24. The stock has 2 warning signs investors should review. Among 2,690 Industrial Products companies, Toyo Kanetsu KK ranks worse than 54.46% 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 Toyo Kanetsu KK's Debt-to-Equity or its related term are showing as below:
FRA:TQ2'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.34 Max: 0.45
Current: 0.33
During the past 13 years, the highest Debt-to-Equity Ratio of Toyo Kanetsu KK was 0.45. The lowest was 0.10. And the median was 0.34.
FRA:TQ2's Debt-to-Equity is ranked worse than 54.46% of 2690
companies
in the Industrial Products industry
Industry Median: 0.29
vs FRA:TQ2: 0.33
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.
Toyo Kanetsu KK Debt-to-Equity Related Terms
Toyo Kanetsu KK Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Toyo Kanetsu KK'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:TQ2 vs GEV, ETN, PH: Debt-to-Equity Comparison
For the Specialty Industrial Machinery subindustry, Toyo Kanetsu KK'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.
Toyo Kanetsu KK Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Toyo Kanetsu KK's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Toyo Kanetsu KK'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.
Toyo Kanetsu KK (FRA:TQ2) has a Debt-to-Equity of 0.33 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Toyo Kanetsu KK and its competitors. This is near median its historical median of 0.34. Over the past decade, Toyo Kanetsu KK's Debt-to-Equity has ranged from 0.10 to 0.45. According to the industry distribution chart, Toyo Kanetsu KK ranks #1465 out of 2690 companies in the Industrial Products industry, placing it in the top 54.5%.
Is Toyo Kanetsu KK's Debt-to-Equity too high?
Toyo Kanetsu KK's current Debt-to-Equity of 0.33 is near median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.45. The Industrial Products industry median Debt-to-Equity is 0.29. Toyo Kanetsu KK's value of 0.33 is 13.8% above this industry median. Based on the distribution chart, Toyo Kanetsu KK ranks #1465 out of 2690 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Toyo Kanetsu KK has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Toyo Kanetsu KK's Debt-to-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Toyo Kanetsu KK ranks #1465 out of 2690 companies for Debt-to-Equity. This places Toyo Kanetsu KK in the lower half of its industry. The industry median Debt-to-Equity is 0.29. Toyo Kanetsu KK's value of 0.33 is 13.8% above this benchmark. Historically, Toyo Kanetsu KK's own Debt-to-Equity has ranged from 0.10 to 0.45 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.29, Toyo Kanetsu KK 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 an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.29, based on 2,690 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. Toyo Kanetsu KK's current Debt-to-Equity of 0.33 is 13.8% 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 Toyo Kanetsu KK and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyo Kanetsu KK's current Debt-to-Equity is 0.33, which is near median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Kanetsu KK stock overvalued right now?
Toyo Kanetsu KK (FRA:TQ2) has a current Debt-to-Equity of 0.33. The stock's GF Value™ is €12.24, compared to a current price of €13.20 — trading 7.8% above its estimated fair value. The current Debt-to-Equity is 0.33, which is near median its 10-year median of 0.34 and 13.8% above the Industrial Products industry median of 0.29. Toyo Kanetsu KK's overall GF Score™ is 80/100 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 Toyo Kanetsu KK (FRA:TQ2), the current Debt-to-Equity is 0.33 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 Toyo Kanetsu KK (FRA:TQ2) Overvalued in 2026?
Based on GuruFocus' analysis, Toyo Kanetsu KK stock appears to be overvalued.
The current stock price of €13.20 is trading 7.8% above its estimated GF Value™ of €12.24.
Key valuation signals for FRA:TQ2:
Debt-to-Equity: 0.33 (near median its 10-year median of 0.34)
GF Value™: €12.24 vs. price of €13.20 (7.8% above fair value)
Industry Position: 13.8% above the Industrial Products median (#1465 of 2690)
No single metric tells the full story. See the FRA:TQ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toyo Kanetsu KK produces and sells industrial furnaces. It operates in two reportable segments which include Plant and machinery segment and Material handling system segment. Plant and machinery comprise of designing, manufacturing, installation of storage tanks for LNG (Liquefied natural gas), crude oil and other gases and liquids whereas Material handling system segment is engaged in the development, designing and installation of distribution system especially for sorting, picking and conveyance. The business activity of the group is operated by Japan, Southeast Asia, Oceania, and Internationally.
80GF Score
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