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MustekJSE:MST +0.66%84 Debt-to-Equity is 0.09 as of Dec. 2025, which is 83% below its 10-year median of 0.54. GuruFocus rates JSE:MST with a GF Score™ of 84/100 and a GF Value™ of R12.54 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,219 Hardware companies, Mustek ranks better than 74% 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 Mustek's Debt-to-Equity or its related term are showing as below:
JSE:MST'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.54 Max: 1.53
Current: 0.09
During the past 13 years, the highest Debt-to-Equity Ratio of Mustek was 1.53. The lowest was 0.08. And the median was 0.54.
JSE:MST's Debt-to-Equity is ranked better than 74% of 2219
companies
in the Hardware industry
Industry Median: 0.28
vs JSE:MST: 0.09
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.
Mustek Debt-to-Equity Related Terms
Mustek Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Mustek'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.
JSE:MST vs DELL, ANET, SNDK: Debt-to-Equity Comparison
For the Computer Hardware subindustry, Mustek'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.
Mustek Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Mustek's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Mustek'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.
Mustek (JSE:MST) has a Debt-to-Equity of 0.09 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Mustek and its competitors. This is 83% below median its historical median of 0.54. Over the past decade, Mustek's Debt-to-Equity has ranged from 0.08 to 1.53. According to the industry distribution chart, Mustek ranks #577 out of 2219 companies in the Hardware industry, placing it in the top 26%.
Is Mustek's Debt-to-Equity too high?
Mustek's current Debt-to-Equity of 0.09 is 83% below median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 1.53. The Hardware industry median Debt-to-Equity is 0.28. Mustek's value of 0.09 is 67.9% below this industry median. Based on the distribution chart, Mustek ranks #577 out of 2219 companies in the Hardware industry, which is above the industry midpoint. Overall, Mustek has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustek's Debt-to-Equity compare to DELL and ANET?
According to the Hardware industry distribution chart, Mustek ranks #577 out of 2219 companies for Debt-to-Equity. This puts Mustek in the upper half of its industry. The industry median Debt-to-Equity is 0.28. Mustek's value of 0.09 is 67.9% below this benchmark. Historically, Mustek's own Debt-to-Equity has ranged from 0.08 to 1.53 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.28, Mustek 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.28, based on 2,219 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. Mustek's current Debt-to-Equity of 0.09 is 67.9% 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 Mustek and its competitors. For the Hardware 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. Mustek's current Debt-to-Equity is 0.09, which is 83% below median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustek stock overvalued right now?
Based on GuruFocus' analysis, Mustek (JSE:MST) is currently considered Modestly Overvalued. The stock's GF Value™ is R12.54, compared to a current price of R15.25 — trading 21.6% above its estimated fair value. The current Debt-to-Equity is 0.09, which is 83% below median its 10-year median of 0.54 and 67.9% below the Hardware industry median of 0.28. Mustek's overall GF Score™ is 84/100 with 8 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 Mustek (JSE:MST), the current Debt-to-Equity is 0.09 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 Mustek (JSE:MST) Overvalued in 2026?
Based on GuruFocus' analysis, Mustek stock appears to be overvalued.
The current stock price of R15.25 is trading 21.6% above its estimated GF Value™ of R12.54.
GuruFocus considers Mustek to be Modestly Overvalued.
Key valuation signals for JSE:MST:
Debt-to-Equity: 0.09 (83% below median its 10-year median of 0.54)
GF Value™: R12.54 vs. price of R15.25 (21.6% above fair value)
Industry Position: 67.9% below the Hardware median (#577 of 2219)
No single metric tells the full story. See the JSE:MST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segments include Mustek, Rectron, MIE, and the Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes the distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes a training provider of accredited training programmes, and the group includes investments in associates and other investments, and loans. Geographically, operates in the region of South Africa. It derives a substantial part of its revenue from the Mustek segment.
84GF Score
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