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SBI HoldingsFRA:ZOF +2.35%73 Debt-to-Equity is 3.91 as of Mar. 2026, which is 10% above its 10-year median of 3.55. GuruFocus rates FRA:ZOF with a GF Score™ of 73/100 and a GF Value™ of €13.79 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 174 Diversified Financial Services companies, SBI Holdings ranks worse than 91.38% 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 SBI Holdings's Debt-to-Equity or its related term are showing as below:
FRA:ZOF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 2.43 Med: 3.55 Max: 4.54
Current: 3.91
During the past 13 years, the highest Debt-to-Equity Ratio of SBI Holdings was 4.54. The lowest was 2.43. And the median was 3.55.
FRA:ZOF's Debt-to-Equity is ranked worse than 91.38% of 174
companies
in the Diversified Financial Services industry
Industry Median: 0.18
vs FRA:ZOF: 3.91
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.
SBI Holdings Debt-to-Equity Related Terms
SBI Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for SBI Holdings'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.
For the Financial Conglomerates subindustry, SBI 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.
SBI Holdings Debt-to-Equity vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, SBI Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where SBI 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.
SBI Holdings (FRA:ZOF) has a Debt-to-Equity of 3.91 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SBI Holdings and its competitors. This is 10% above median its historical median of 3.55. Over the past decade, SBI Holdings' Debt-to-Equity has ranged from 2.43 to 4.54. According to the industry distribution chart, SBI Holdings ranks #159 out of 174 companies in the Diversified Financial Services industry, placing it in the top 91.4%.
Is SBI Holdings' Debt-to-Equity too high?
SBI Holdings' current Debt-to-Equity of 3.91 is 10% above median its 10-year median of 3.55. Over the past 10 years, this metric has ranged from a low of 2.43 to a high of 4.54. The Diversified Financial Services industry median Debt-to-Equity is 0.18. SBI Holdings' value of 3.91 is 2072.2% above this industry median. Based on the distribution chart, SBI Holdings ranks #159 out of 174 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, SBI 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 SBI Holdings' Debt-to-Equity compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, SBI Holdings ranks #159 out of 174 companies for Debt-to-Equity. This places SBI Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.18. SBI Holdings' value of 3.91 is 2072.2% above this benchmark. Historically, SBI Holdings' own Debt-to-Equity has ranged from 2.43 to 4.54 over the past decade. While the company's 10-year median is 3.55 vs. the industry median of 0.18, SBI 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 Diversified Financial Services company?
The median Debt-to-Equity among Diversified Financial Services companies is 0.18, based on 174 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. SBI Holdings's current Debt-to-Equity of 3.91 is 2072.2% 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 SBI Holdings and its competitors. For the Diversified Financial Services industry, the median Debt-to-Equity is 0.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBI Holdings's current Debt-to-Equity is 3.91, which is 10% above median its own 10-year median of 3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Holdings stock overvalued right now?
Based on GuruFocus' analysis, SBI Holdings (FRA:ZOF) is currently considered Modestly Overvalued. The stock's GF Value™ is €13.79, compared to a current price of €15.25 — trading 10.6% above its estimated fair value. The current Debt-to-Equity is 3.91, which is 10% above median its 10-year median of 3.55 and 2072.2% above the Diversified Financial Services industry median of 0.18. SBI Holdings' overall GF Score™ is 73/100 with 7 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 SBI Holdings (FRA:ZOF), the current Debt-to-Equity is 3.91 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 SBI Holdings (FRA:ZOF) Overvalued in 2026?
Based on GuruFocus' analysis, SBI Holdings stock appears to be overvalued.
The current stock price of €15.25 is trading 10.6% above its estimated GF Value™ of €13.79.
GuruFocus considers SBI Holdings to be Modestly Overvalued.
Key valuation signals for FRA:ZOF:
Debt-to-Equity: 3.91 (10% above median its 10-year median of 3.55)
GF Value™: €13.79 vs. price of €15.25 (10.6% above fair value)
Industry Position: 2072.2% above the Diversified Financial Services median (#159 of 174)
No single metric tells the full story. See the FRA:ZOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBI Holdings Inc is a financial conglomerate that offers a variety of services in securities, banking, and insurance. The company operates through five segments. The Asset Management segment provides investment management, advice, and financial product information. The Crypto Asset segment offers crypto exchange and trading services. The Financial Services segment covers securities, banking, and insurance activities in Japan and abroad. The Investment segment invests in IT, fintech, blockchain, finance, and biotech ventures. The Next Generation Business develops and sells pharmaceuticals, health foods, and cosmetics, conducts R&D in cancer and immunology, offers digital medical solutions, and engages in medical finance. It generates majority of its revenue from Financial services segment.
73GF Score
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