Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Hyster YaleHY -0.43%68 Debt-to-Equity is 1.28 as of Jun. 2026, which is 64% above its 10-year median of 0.78. GuruFocus rates HY with a GF Score™ of 68/100 and a GF Value™ of $37.51 (Fairly Valued). The stock has 4 warning signs investors should review. Among 185 Farm & Heavy Construction Machinery companies, Hyster Yale ranks worse than 87.03% 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 Hyster Yale's Debt-to-Equity or its related term are showing as below:
HY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.78 Max: 4.78
Current: 1.28
During the past 13 years, the highest Debt-to-Equity Ratio of Hyster Yale was 4.78. The lowest was 0.29. And the median was 0.78.
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.
Hyster Yale Debt-to-Equity Related Terms
Hyster Yale Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Hyster Yale'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 Farm & Heavy Construction Machinery subindustry, Hyster Yale'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.
Hyster Yale Debt-to-Equity vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Hyster Yale's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Hyster Yale'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.
Hyster Yale (HY) has a Debt-to-Equity of 1.28 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hyster Yale and its competitors. This is 64% above median its historical median of 0.78. Over the past decade, Hyster Yale's Debt-to-Equity has ranged from 0.29 to 4.78. According to the industry distribution chart, Hyster Yale ranks #161 out of 185 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 87%.
Is Hyster Yale's Debt-to-Equity too high?
Hyster Yale's current Debt-to-Equity of 1.28 is 64% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 4.78. The Farm & Heavy Construction Machinery industry median Debt-to-Equity is 0.38. Hyster Yale's value of 1.28 is 236.8% above this industry median. Based on the distribution chart, Hyster Yale ranks #161 out of 185 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Hyster Yale has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hyster Yale's Debt-to-Equity compare to WNC and TWI?
According to the Farm & Heavy Construction Machinery industry distribution chart, Hyster Yale ranks #161 out of 185 companies for Debt-to-Equity. This places Hyster Yale in the lower half of its industry. The industry median Debt-to-Equity is 0.38. Hyster Yale's value of 1.28 is 236.8% above this benchmark. Historically, Hyster Yale's own Debt-to-Equity has ranged from 0.29 to 4.78 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.38, Hyster Yale 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 Farm & Heavy Construction Machinery company?
The median Debt-to-Equity among Farm & Heavy Construction Machinery companies is 0.38, based on 185 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. Hyster Yale's current Debt-to-Equity of 1.28 is 236.8% 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 Hyster Yale and its competitors. For the Farm & Heavy Construction Machinery industry, the median Debt-to-Equity is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hyster Yale's current Debt-to-Equity is 1.28, which is 64% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hyster Yale stock overvalued right now?
Based on GuruFocus' analysis, Hyster Yale (HY) is currently considered Fairly Valued. The stock's GF Value™ is $37.51, compared to a current price of $34.67 — trading 7.6% below its estimated fair value. The current Debt-to-Equity is 1.28, which is 64% above median its 10-year median of 0.78 and 236.8% above the Farm & Heavy Construction Machinery industry median of 0.38. Hyster Yale's overall GF Score™ is 68/100 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 Hyster Yale (HY), the current Debt-to-Equity is 1.28 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 Hyster Yale (HY) Overvalued in 2026?
Based on GuruFocus' analysis, Hyster Yale stock appears to be undervalued.
The current stock price of $34.67 is trading 7.6% below its estimated GF Value™ of $37.51.
GuruFocus considers Hyster Yale to be Fairly Valued.
Key valuation signals for HY:
Debt-to-Equity: 1.28 (64% above median its 10-year median of 0.78)
GF Value™: $37.51 vs. price of $34.67 (7.6% below fair value)
Industry Position: 236.8% above the Farm & Heavy Construction Machinery median (#161 of 185)
No single metric tells the full story. See the HY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hyster Yale Inc designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments, aftermarket parts, and technology solutions marketed globally under the Hyster and Yale brand names. The company has four segments, which include three in the lift truck business as discussed below, as well as Bolzoni S.p.A. (Bolzoni). The majority of its revenue is generated from Lift Trucks. Geographically, it operates in America, EMEA, and JAPIC regions, of which maximum revenue is generated from its business in America, which includes lift truck operations in the U.S., Canada, Mexico, Brazil, and Latin America.
68GF Score
Get the complete analysis for HY
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HY has been successfully added to your 
