IGOIPGDF -5.51%58 Debt-to-Equity is 0.01 as of Dec. 2025, which is 80% below its 10-year median of 0.05. GuruFocus rates IPGDF with a GF Score™ of 58/100 and a GF Value™ of $2.44 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,220 Metals & Mining companies, IGO ranks better than 99.92% 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 IGO's Debt-to-Equity or its related term are showing as below:
IPGDF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.28
Current: 0.01
During the past 13 years, the highest Debt-to-Equity Ratio of IGO was 0.28. The lowest was 0.01. And the median was 0.05.
IPGDF's Debt-to-Equity is ranked better than 99.92% of 1220
companies
in the Metals & Mining industry
Industry Median: 0.15
vs IPGDF: 0.01
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.
IGO Debt-to-Equity Related Terms
IGO Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for IGO'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 Other Industrial Metals & Mining subindustry, IGO'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.
IGO Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, IGO's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where IGO'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.
IGO (IPGDF) has a Debt-to-Equity of 0.01 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on IGO and its competitors. This is 80% below median its historical median of 0.05. Over the past decade, IGO's Debt-to-Equity has ranged from 0.01 to 0.28. According to the industry distribution chart, IGO ranks #1 out of 1220 companies in the Metals & Mining industry, placing it in the top 0.099999999999994%.
Is IGO's Debt-to-Equity too high?
IGO's current Debt-to-Equity of 0.01 is 80% below median its 10-year median of 0.05. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.28. The Metals & Mining industry median Debt-to-Equity is 0.15. IGO's value of 0.01 is 93.3% below this industry median. Based on the distribution chart, IGO ranks #1 out of 1220 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, IGO has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IGO's Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, IGO ranks #1 out of 1220 companies for Debt-to-Equity. This places IGO in the top 0% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.15. IGO's value of 0.01 is 93.3% below this benchmark. Historically, IGO's own Debt-to-Equity has ranged from 0.01 to 0.28 over the past decade. While the company's 10-year median is 0.05 vs. the industry median of 0.15, IGO 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 a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,220 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. IGO's current Debt-to-Equity of 0.01 is 93.3% 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 IGO and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGO's current Debt-to-Equity is 0.01, which is 80% below median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGO stock overvalued right now?
Based on GuruFocus' analysis, IGO (IPGDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.44, compared to a current price of $5.70 — trading 133.6% above its estimated fair value. The current Debt-to-Equity is 0.01, which is 80% below median its 10-year median of 0.05 and 93.3% below the Metals & Mining industry median of 0.15. IGO's overall GF Score™ is 58/100 with 2 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 IGO (IPGDF), the current Debt-to-Equity is 0.01 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 IGO (IPGDF) Overvalued in 2026?
Based on GuruFocus' analysis, IGO stock appears to be overvalued.
The current stock price of $5.70 is trading 133.6% above its estimated GF Value™ of $2.44.
GuruFocus considers IGO to be Significantly Overvalued.
Key valuation signals for IPGDF:
Debt-to-Equity: 0.01 (80% below median its 10-year median of 0.05)
GF Value™: $2.44 vs. price of $5.70 (133.6% above fair value)
Industry Position: 93.3% below the Metals & Mining median (#1 of 1220)
No single metric tells the full story. See the IPGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IGO is a mining and exploration company based in Western Australia. Its primary asset is a minority stake in the Greenbushes lithium mine through a joint venture with Tianqi Lithium and Albemarle. Greenbushes is the world's lowest-cost hard rock lithium resource. IGO also has an interest in downstream processing through a 49% stake in the Kwinana lithium hydroxide refinery. Outside of lithium, IGO owns and operates the Nova nickel-copper-cobalt mine, which has a short remaining life.
58GF Score
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