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.
Jeronimo Martins SGPSJRONY -0.65%87 Debt-to-Equity is 1.68 as of Mar. 2026, which is 20% above its 10-year median of 1.40. GuruFocus rates JRONY with a GF Score™ of 87/100 and a GF Value™ of $52.36 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 280 Retail - Defensive companies, Jeronimo Martins SGPS ranks worse than 80.36% 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 Jeronimo Martins SGPS's Debt-to-Equity or its related term are showing as below:
JRONY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 1.4 Max: 1.8
Current: 1.68
During the past 13 years, the highest Debt-to-Equity Ratio of Jeronimo Martins SGPS was 1.80. The lowest was 0.20. And the median was 1.40.
JRONY's Debt-to-Equity is ranked worse than 80.36% of 280
companies
in the Retail - Defensive industry
Industry Median: 0.55
vs JRONY: 1.68
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.
Jeronimo Martins SGPS Debt-to-Equity Related Terms
Jeronimo Martins SGPS Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Jeronimo Martins SGPS'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.
JRONY vs SYY, USFD, PFGC: Debt-to-Equity Comparison
For the Food Distribution subindustry, Jeronimo Martins SGPS'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.
Jeronimo Martins SGPS Debt-to-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Jeronimo Martins SGPS's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Jeronimo Martins SGPS'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.
Jeronimo Martins SGPS (JRONY) has a Debt-to-Equity of 1.68 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Jeronimo Martins SGPS and its competitors. This is 20% above median its historical median of 1.40. Over the past decade, Jeronimo Martins SGPS's Debt-to-Equity has ranged from 0.20 to 1.80. According to the industry distribution chart, Jeronimo Martins SGPS ranks #225 out of 280 companies in the Retail - Defensive industry, placing it in the top 80.4%.
Is Jeronimo Martins SGPS's Debt-to-Equity too high?
Jeronimo Martins SGPS's current Debt-to-Equity of 1.68 is 20% above median its 10-year median of 1.40. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.80. The Retail - Defensive industry median Debt-to-Equity is 0.55. Jeronimo Martins SGPS's value of 1.68 is 205.5% above this industry median. Based on the distribution chart, Jeronimo Martins SGPS ranks #225 out of 280 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Jeronimo Martins SGPS has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jeronimo Martins SGPS's Debt-to-Equity compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Jeronimo Martins SGPS ranks #225 out of 280 companies for Debt-to-Equity. This places Jeronimo Martins SGPS in the lower half of its industry. The industry median Debt-to-Equity is 0.55. Jeronimo Martins SGPS's value of 1.68 is 205.5% above this benchmark. Historically, Jeronimo Martins SGPS's own Debt-to-Equity has ranged from 0.20 to 1.80 over the past decade. While the company's 10-year median is 1.40 vs. the industry median of 0.55, Jeronimo Martins SGPS 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 Retail - Defensive company?
The median Debt-to-Equity among Retail - Defensive companies is 0.55, based on 280 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. Jeronimo Martins SGPS's current Debt-to-Equity of 1.68 is 205.5% 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 Jeronimo Martins SGPS and its competitors. For the Retail - Defensive industry, the median Debt-to-Equity is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jeronimo Martins SGPS's current Debt-to-Equity is 1.68, which is 20% above median its own 10-year median of 1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jeronimo Martins SGPS stock overvalued right now?
Based on GuruFocus' analysis, Jeronimo Martins SGPS (JRONY) is currently considered Modestly Undervalued. The stock's GF Value™ is $52.36, compared to a current price of $39.99 — trading 23.6% below its estimated fair value. The current Debt-to-Equity is 1.68, which is 20% above median its 10-year median of 1.40 and 205.5% above the Retail - Defensive industry median of 0.55. Jeronimo Martins SGPS's overall GF Score™ is 87/100 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 Jeronimo Martins SGPS (JRONY), the current Debt-to-Equity is 1.68 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 Jeronimo Martins SGPS (JRONY) Overvalued in 2026?
Based on GuruFocus' analysis, Jeronimo Martins SGPS stock appears to be undervalued.
The current stock price of $39.99 is trading 23.6% below its estimated GF Value™ of $52.36.
GuruFocus considers Jeronimo Martins SGPS to be Modestly Undervalued.
Key valuation signals for JRONY:
Debt-to-Equity: 1.68 (20% above median its 10-year median of 1.40)
GF Value™: $52.36 vs. price of $39.99 (23.6% below fair value)
Industry Position: 205.5% above the Retail - Defensive median (#225 of 280)
No single metric tells the full story. See the JRONY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jeronimo Martins SGPS SA is engaged in food distribution business. It operates food retail business in Poland, Portugal, and Colombia. Its business areas include food distribution, Agribusiness, and Specialised retail. Its segments include Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets); Portugal Cash & Carry: includes the business unit Recheio; Poland Retail: the business unit which operates under Biedronka banner in this country; Poland Health and Beauty: includes the Hebe banner business unit in Poland, also includes the operations of its subsidiaries in Czechia and Slovakia; Colombia Retail: the business unit which operates under Ara banner; and Others. It derives the majority of the revenue from Poland Retail business segment.
87GF Score
Get the complete analysis for JRONY
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
JRONY has been successfully added to your 
