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Alexander Forbes Group HoldingsJSE:AFH +0.14%64 Debt-to-Equity is 0.20 as of Mar. 2026, which is 5% above its 10-year median of 0.19. GuruFocus rates JSE:AFH with a GF Score™ of 64/100 and a GF Value™ of R8.74 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 168 Diversified Financial Services companies, Alexander Forbes Group Holdings ranks worse than 53.57% 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 Alexander Forbes Group Holdings's Debt-to-Equity or its related term are showing as below:
JSE:AFH'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.19 Max: 0.32
Current: 0.2
During the past 13 years, the highest Debt-to-Equity Ratio of Alexander Forbes Group Holdings was 0.32. The lowest was 0.13. And the median was 0.19.
JSE:AFH's Debt-to-Equity is ranked worse than 53.57% of 168
companies
in the Diversified Financial Services industry
Industry Median: 0.18
vs JSE:AFH: 0.20
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.
Alexander Forbes Group Holdings Debt-to-Equity Related Terms
Alexander Forbes Group Holdings Debt-to-Equity Historical Data
* 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.
Alexander Forbes Group Holdings Debt-to-Equity Chart
For the Financial Conglomerates subindustry, Alexander Forbes Group 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.
Alexander Forbes Group Holdings Debt-to-Equity vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Alexander Forbes Group Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Alexander Forbes Group 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.
Alexander Forbes Group Holdings (JSE:AFH) has a Debt-to-Equity of 0.20 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Alexander Forbes Group Holdings and its competitors. This is near median its historical median of 0.19. Over the past decade, Alexander Forbes Group Holdings' Debt-to-Equity has ranged from 0.13 to 0.32. According to the industry distribution chart, Alexander Forbes Group Holdings ranks #90 out of 168 companies in the Diversified Financial Services industry, placing it in the top 53.6%.
Is Alexander Forbes Group Holdings' Debt-to-Equity too high?
Alexander Forbes Group Holdings' current Debt-to-Equity of 0.20 is near median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.32. The Diversified Financial Services industry median Debt-to-Equity is 0.18. Alexander Forbes Group Holdings' value of 0.20 is 11.1% above this industry median. Based on the distribution chart, Alexander Forbes Group Holdings ranks #90 out of 168 companies in the Diversified Financial Services industry, which is below the industry midpoint. Overall, Alexander Forbes Group Holdings has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alexander Forbes Group Holdings' Debt-to-Equity compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Alexander Forbes Group Holdings ranks #90 out of 168 companies for Debt-to-Equity. This places Alexander Forbes Group Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.18. Alexander Forbes Group Holdings' value of 0.20 is 11.1% above this benchmark. Historically, Alexander Forbes Group Holdings' own Debt-to-Equity has ranged from 0.13 to 0.32 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.18, Alexander Forbes Group 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 a Diversified Financial Services company?
The median Debt-to-Equity among Diversified Financial Services companies is 0.18, based on 168 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. Alexander Forbes Group Holdings's current Debt-to-Equity of 0.20 is 11.1% 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 Alexander Forbes Group Holdings and its competitors. For the Diversified Financial Services industry, the median Debt-to-Equity is 0.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexander Forbes Group Holdings's current Debt-to-Equity is 0.20, which is near median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander Forbes Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings (JSE:AFH) is currently considered Modestly Undervalued. The stock's GF Value™ is R8.74, compared to a current price of R7.16 — trading 18.1% below its estimated fair value. The current Debt-to-Equity is 0.20, which is near median its 10-year median of 0.19 and 11.1% above the Diversified Financial Services industry median of 0.18. Alexander Forbes Group Holdings' overall GF Score™ is 64/100 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 Alexander Forbes Group Holdings (JSE:AFH), the current Debt-to-Equity is 0.20 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 Alexander Forbes Group Holdings (JSE:AFH) Overvalued in 2026?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings stock appears to be undervalued.
The current stock price of R7.16 is trading 18.1% below its estimated GF Value™ of R8.74.
GuruFocus considers Alexander Forbes Group Holdings to be Modestly Undervalued.
Key valuation signals for JSE:AFH:
Debt-to-Equity: 0.20 (near median its 10-year median of 0.19)
GF Value™: R8.74 vs. price of R7.16 (18.1% below fair value)
Industry Position: 11.1% above the Diversified Financial Services median (#90 of 168)
No single metric tells the full story. See the JSE:AFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alexander Forbes Group Holdings Ltd is a South Africa-based diversified financial services company. The company operates through seven segments: Retirement consulting, Healthcare consulting, Investments, Individual consulting, Multinational consulting, Solutions & Enablement, and Client Services & Business Optimization. Its services include Retirement consulting, Investments, Healthcare, Preservation funds, and Others. The company also offers online services.
64GF Score
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