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 WithSecure's Debt-to-Equity or its related term are showing as below:
FSOYF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.37 Max: 0.71
Current: 0.4
During the past 13 years, the highest Debt-to-Equity Ratio of WithSecure was 0.71. The lowest was 0.09. And the median was 0.37.
FSOYF's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.19
vs FSOYF: 0.40
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.
WithSecure Debt-to-Equity Related Terms
WithSecure Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for WithSecure'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.
FSOYF vs MSFT, ORCL, PLTR: Debt-to-Equity Comparison
For the Software - Infrastructure subindustry, WithSecure'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.
WithSecure Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, WithSecure's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where WithSecure'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.
WithSecure (FSOYF) has a Debt-to-Equity of 0.40 as of Sep. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on WithSecure and its competitors. This is near median its historical median of 0.37. Over the past decade, WithSecure's Debt-to-Equity has ranged from 0.09 to 0.71.
Is WithSecure's Debt-to-Equity too high?
WithSecure's current Debt-to-Equity of 0.40 is near median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.71. The Software industry median Debt-to-Equity is 0.19. WithSecure's value of 0.40 is 110.5% above this industry median. Overall, WithSecure has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does WithSecure's Debt-to-Equity compare to MSFT and ORCL?
WithSecure's Debt-to-Equity of 0.40 can be compared against companies in the Software industry. The industry median Debt-to-Equity is 0.19. WithSecure's value of 0.40 is 110.5% above this benchmark. Historically, WithSecure's own Debt-to-Equity has ranged from 0.09 to 0.71 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.19, WithSecure 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 Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,238 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. WithSecure's current Debt-to-Equity of 0.40 is 110.5% 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 WithSecure and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WithSecure's current Debt-to-Equity is 0.40, which is near median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WithSecure stock overvalued right now?
WithSecure (FSOYF) has a current Debt-to-Equity of 0.40. The stock's GF Value™ is $0.90, compared to a current price of $1.62 — trading 80% above its estimated fair value. The current Debt-to-Equity is 0.40, which is near median its 10-year median of 0.37 and 110.5% above the Software industry median of 0.19. WithSecure's overall GF Score™ is 45/100 with 5 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 WithSecure (FSOYF), the current Debt-to-Equity is 0.40 as of Sep. 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 WithSecure (FSOYF) Overvalued in 2026?
Based on GuruFocus' analysis, WithSecure stock appears to be overvalued.
The current stock price of $1.62 is trading 80% above its estimated GF Value™ of $0.90.
Key valuation signals for FSOYF:
Debt-to-Equity: 0.40 (near median its 10-year median of 0.37)
GF Value™: $0.90 vs. price of $1.62 (80% above fair value)
Industry Position: 110.5% above the Software median
No single metric tells the full story. See the FSOYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WithSecure Corp, formerly F-Secure Corp is a cyber security products and services company The Company has one segment which is security. Its solutions help to protect thousands of businesses from security threats. Geographically, WithSecure is focused on Europe and the United States, and the company's products are sold by thousands of resellers. The company's revenue is split into three categories. Cloud revenue includes the Elements platform cloud-based products, Managed Detection and Response (MDR) and Cloud Protection for Salesforce (CPSF) revenue. Onpremise revenue includes the Elements portfolio on-premise product (Endpoint protection) and other legacy products. Consulting revenue includes the cyber security consulting services.
45GF Score
Get the complete analysis for FSOYF
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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