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Highway HoldingsHIHO +0.36%56 Debt-to-Equity is 0.59 as of Jun. 2026, which is 269% above its 10-year median of 0.16. GuruFocus rates HIHO with a GF Score™ of 56/100 and a GF Value™ of $1.19 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,688 Industrial Products companies, Highway Holdings ranks worse than 72.32% 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 Highway Holdings's Debt-to-Equity or its related term are showing as below:
HIHO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.16 Max: 0.65
Current: 0.59
During the past 13 years, the highest Debt-to-Equity Ratio of Highway Holdings was 0.65. The lowest was 0.04. And the median was 0.16.
HIHO's Debt-to-Equity is ranked worse than 72.32% of 2688
companies
in the Industrial Products industry
Industry Median: 0.29
vs HIHO: 0.59
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.
Highway Holdings Debt-to-Equity Related Terms
Highway Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Highway 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.
HIHO vs MTEN, OLOX, TRSG: Debt-to-Equity Comparison
For the Metal Fabrication subindustry, Highway 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.
Highway Holdings Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Highway Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Highway 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.
Highway Holdings (HIHO) has a Debt-to-Equity of 0.59 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Highway Holdings and its competitors. This is 269% above median its historical median of 0.16. Over the past decade, Highway Holdings' Debt-to-Equity has ranged from 0.04 to 0.65. According to the industry distribution chart, Highway Holdings ranks #1944 out of 2688 companies in the Industrial Products industry, placing it in the top 72.3%.
Is Highway Holdings' Debt-to-Equity too high?
Highway Holdings' current Debt-to-Equity of 0.59 is 269% above median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.65. The Industrial Products industry median Debt-to-Equity is 0.29. Highway Holdings' value of 0.59 is 103.4% above this industry median. Based on the distribution chart, Highway Holdings ranks #1944 out of 2688 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Highway Holdings has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Highway Holdings' Debt-to-Equity compare to MTEN and OLOX?
According to the Industrial Products industry distribution chart, Highway Holdings ranks #1944 out of 2688 companies for Debt-to-Equity. This places Highway Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.29. Highway Holdings' value of 0.59 is 103.4% above this benchmark. Historically, Highway Holdings' own Debt-to-Equity has ranged from 0.04 to 0.65 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.29, Highway 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 an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.29, based on 2,688 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. Highway Holdings's current Debt-to-Equity of 0.59 is 103.4% 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 Highway Holdings 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. Highway Holdings's current Debt-to-Equity is 0.59, which is 269% above median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highway Holdings stock overvalued right now?
Based on GuruFocus' analysis, Highway Holdings (HIHO) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.19, compared to a current price of $0.89 — trading 24.9% below its estimated fair value. The current Debt-to-Equity is 0.59, which is 269% above median its 10-year median of 0.16 and 103.4% above the Industrial Products industry median of 0.29. Highway Holdings' overall GF Score™ is 56/100 with 4 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 Highway Holdings (HIHO), the current Debt-to-Equity is 0.59 as of Jun. 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 Highway Holdings (HIHO) Overvalued in 2026?
Based on GuruFocus' analysis, Highway Holdings stock appears to be undervalued.
The current stock price of $0.89 is trading 24.9% below its estimated GF Value™ of $1.19.
GuruFocus considers Highway Holdings to be Modestly Undervalued.
Key valuation signals for HIHO:
Debt-to-Equity: 0.59 (269% above median its 10-year median of 0.16)
GF Value™: $1.19 vs. price of $0.89 (24.9% below fair value)
Industry Position: 103.4% above the Industrial Products median (#1944 of 2688)
No single metric tells the full story. See the HIHO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Highway Holdings Ltd is a holding company. Along with its subsidiaries, it operates as a fully integrated manufacturer of high-quality metal, plastic, electric and electronic components, subassemblies, and finished products for OEMs and contract manufacturers. The manufacturing services offered by the group include metal stamping, screen printing, plastic injection molding, pad printing, and electronic assembly of printed circuit boards. Its reportable business segments are metal stamping and mechanical OEM operations, which derive maximum revenue, and electric OEM operations. Geographically, the group generates maximum revenue from Europe, and the rest from North America, Hong Kong and China, and other Asian countries.
56GF Score
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