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Fletcher BuildingFRCEF 40 Debt-to-Equity is 0.69 as of Dec. 2025, which is 3% below its 10-year median of 0.71. GuruFocus rates FRCEF with a GF Score™ of 40/100 and a GF Value™ of $1.35 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 367 Building Materials companies, Fletcher Building ranks worse than 73.84% 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 Fletcher Building's Debt-to-Equity or its related term are showing as below:
FRCEF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.71 Max: 1.12
Current: 0.69
During the past 13 years, the highest Debt-to-Equity Ratio of Fletcher Building was 1.12. The lowest was 0.41. And the median was 0.71.
FRCEF's Debt-to-Equity is ranked worse than 73.84% of 367
companies
in the Building Materials industry
Industry Median: 0.36
vs FRCEF: 0.69
Fletcher Building (OTCPK:FRCEF) Debt-to-Equity Explanation
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.
Fletcher Building Debt-to-Equity Related Terms
Fletcher Building Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Fletcher Building'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 Building Materials subindustry, Fletcher Building'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.
Fletcher Building Debt-to-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Fletcher Building's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Fletcher Building'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.
Fletcher Building (FRCEF) has a Debt-to-Equity of 0.69 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Fletcher Building and its competitors. This is near median its historical median of 0.71. Over the past decade, Fletcher Building's Debt-to-Equity has ranged from 0.41 to 1.12. According to the industry distribution chart, Fletcher Building ranks #271 out of 367 companies in the Building Materials industry, placing it in the top 73.8%.
Is Fletcher Building's Debt-to-Equity too high?
Fletcher Building's current Debt-to-Equity of 0.69 is near median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.12. The Building Materials industry median Debt-to-Equity is 0.36. Fletcher Building's value of 0.69 is 91.7% above this industry median. Based on the distribution chart, Fletcher Building ranks #271 out of 367 companies in the Building Materials industry, which is below the industry midpoint. Overall, Fletcher Building has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fletcher Building's Debt-to-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, Fletcher Building ranks #271 out of 367 companies for Debt-to-Equity. This places Fletcher Building in the lower half of its industry. The industry median Debt-to-Equity is 0.36. Fletcher Building's value of 0.69 is 91.7% above this benchmark. Historically, Fletcher Building's own Debt-to-Equity has ranged from 0.41 to 1.12 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.36, Fletcher Building 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 Building Materials company?
The median Debt-to-Equity among Building Materials companies is 0.36, based on 367 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. Fletcher Building's current Debt-to-Equity of 0.69 is 91.7% 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 Fletcher Building and its competitors. For the Building Materials industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fletcher Building's current Debt-to-Equity is 0.69, which is near median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fletcher Building stock overvalued right now?
Based on GuruFocus' analysis, Fletcher Building (FRCEF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.35, compared to a current price of $2.10 — trading 55.6% above its estimated fair value. The current Debt-to-Equity is 0.69, which is near median its 10-year median of 0.71 and 91.7% above the Building Materials industry median of 0.36. Fletcher Building's overall GF Score™ is 40/100 with 10 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 Fletcher Building (FRCEF), the current Debt-to-Equity is 0.69 as of Dec. 2025. 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 Fletcher Building (FRCEF) Overvalued in 2026?
Based on GuruFocus' analysis, Fletcher Building stock appears to be overvalued.
The current stock price of $2.10 is trading 55.6% above its estimated GF Value™ of $1.35.
GuruFocus considers Fletcher Building to be Significantly Overvalued.
Key valuation signals for FRCEF:
Debt-to-Equity: 0.69 (near median its 10-year median of 0.71)
GF Value™: $1.35 vs. price of $2.10 (55.6% above fair value)
Industry Position: 91.7% above the Building Materials median (#271 of 367)
No single metric tells the full story. See the FRCEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel, retail distribution, and development. Most revenue is derived from new house construction, with smaller earnings contributions from commercial and infrastructure construction.
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