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Harmonic Drive SystemsHSYDF -6.65%69 Debt-to-Equity is 0.23 as of Mar. 2026, which is 5% above its 10-year median of 0.22. GuruFocus rates HSYDF with a GF Score™ of 69/100 and a GF Value™ of $23.63 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,680 Industrial Products companies, Harmonic Drive Systems ranks better than 55.63% 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 Harmonic Drive Systems's Debt-to-Equity or its related term are showing as below:
HSYDF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.22 Max: 0.3
Current: 0.23
During the past 13 years, the highest Debt-to-Equity Ratio of Harmonic Drive Systems was 0.30. The lowest was 0.02. And the median was 0.22.
HSYDF's Debt-to-Equity is ranked better than 55.63% of 2680
companies
in the Industrial Products industry
Industry Median: 0.28
vs HSYDF: 0.23
Harmonic Drive Systems (OTCPK:HSYDF) 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.
Harmonic Drive Systems Debt-to-Equity Related Terms
Harmonic Drive Systems Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Harmonic Drive Systems'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 Specialty Industrial Machinery subindustry, Harmonic Drive Systems'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.
Harmonic Drive Systems Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Harmonic Drive Systems's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Harmonic Drive Systems'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.
Harmonic Drive Systems (HSYDF) has a Debt-to-Equity of 0.23 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Harmonic Drive Systems and its competitors. This is near median its historical median of 0.22. Over the past decade, Harmonic Drive Systems' Debt-to-Equity has ranged from 0.02 to 0.30. According to the industry distribution chart, Harmonic Drive Systems ranks #1189 out of 2680 companies in the Industrial Products industry, placing it in the top 44.4%.
Is Harmonic Drive Systems' Debt-to-Equity too high?
Harmonic Drive Systems' current Debt-to-Equity of 0.23 is near median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.30. The Industrial Products industry median Debt-to-Equity is 0.28. Harmonic Drive Systems' value of 0.23 is 17.9% below this industry median. Based on the distribution chart, Harmonic Drive Systems ranks #1189 out of 2680 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Harmonic Drive Systems has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harmonic Drive Systems' Debt-to-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Harmonic Drive Systems ranks #1189 out of 2680 companies for Debt-to-Equity. This puts Harmonic Drive Systems in the upper half of its industry. The industry median Debt-to-Equity is 0.28. Harmonic Drive Systems' value of 0.23 is 17.9% below this benchmark. Historically, Harmonic Drive Systems' own Debt-to-Equity has ranged from 0.02 to 0.30 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.28, Harmonic Drive Systems has consistently been below 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 0.28, based on 2,680 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. Harmonic Drive Systems's current Debt-to-Equity of 0.23 is 17.9% below 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 Harmonic Drive Systems and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harmonic Drive Systems's current Debt-to-Equity is 0.23, which is near median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmonic Drive Systems stock overvalued right now?
Based on GuruFocus' analysis, Harmonic Drive Systems (HSYDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $23.63, compared to a current price of $40.38 — trading 70.9% above its estimated fair value. The current Debt-to-Equity is 0.23, which is near median its 10-year median of 0.22 and 17.9% below the Industrial Products industry median of 0.28. Harmonic Drive Systems' overall GF Score™ is 69/100 with 6 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 Harmonic Drive Systems (HSYDF), the current Debt-to-Equity is 0.23 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 Harmonic Drive Systems (HSYDF) Overvalued in 2026?
Based on GuruFocus' analysis, Harmonic Drive Systems stock appears to be overvalued.
The current stock price of $40.38 is trading 70.9% above its estimated GF Value™ of $23.63.
GuruFocus considers Harmonic Drive Systems to be Significantly Overvalued.
Key valuation signals for HSYDF:
Debt-to-Equity: 0.23 (near median its 10-year median of 0.22)
GF Value™: $23.63 vs. price of $40.38 (70.9% above fair value)
Industry Position: 17.9% below the Industrial Products median (#1189 of 2680)
No single metric tells the full story. See the HSYDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harmonic Drive Systems manufactures and sells high-precision reduction gears (harmonic reducers) under the Harmonic Drive brand as well as other mechatronics products, including rotary actuators, linear actuators, and AC servo motors. The company also provides planetary gear speed reducers under the AccuDrive and Harmonic Planetary brands. Its products are used in industrial robots, semiconductor production equipment, and other high-precision equipment. HDS was founded in 1970 and is headquartered in Tokyo, Japan.
69GF Score
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