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.
Incap OyjLTS:0ERY +1.10%86 Debt-to-Equity is 0.43 as of Jun. 2026, which is 54% above its 10-year median of 0.28. GuruFocus rates LTS:0ERY with a GF Score™ of 86/100 and a GF Value™ of €10.94 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,219 Hardware companies, Incap Oyj ranks worse than 62.1% 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 Incap Oyj's Debt-to-Equity or its related term are showing as below:
LTS:0ERY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.28 Max: 1.01
Current: 0.43
During the past 13 years, the highest Debt-to-Equity Ratio of Incap Oyj was 1.01. The lowest was 0.14. And the median was 0.28.
LTS:0ERY's Debt-to-Equity is ranked worse than 62.1% of 2219
companies
in the Hardware industry
Industry Median: 0.27
vs LTS:0ERY: 0.43
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.
Incap Oyj Debt-to-Equity Related Terms
Incap Oyj Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Incap Oyj'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.
LTS:0ERY vs APH, GLW, TEL: Debt-to-Equity Comparison
For the Electronic Components subindustry, Incap Oyj'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.
Incap Oyj Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Incap Oyj's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Incap Oyj'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.
Incap Oyj (LTS:0ERY) has a Debt-to-Equity of 0.43 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Incap Oyj and its competitors. This is 54% above median its historical median of 0.28. Over the past decade, Incap Oyj's Debt-to-Equity has ranged from 0.14 to 1.01. According to the industry distribution chart, Incap Oyj ranks #1378 out of 2219 companies in the Hardware industry, placing it in the top 62.1%.
Is Incap Oyj's Debt-to-Equity too high?
Incap Oyj's current Debt-to-Equity of 0.43 is 54% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 1.01. The Hardware industry median Debt-to-Equity is 0.27. Incap Oyj's value of 0.43 is 59.3% above this industry median. Based on the distribution chart, Incap Oyj ranks #1378 out of 2219 companies in the Hardware industry, which is below the industry midpoint. Overall, Incap Oyj has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Incap Oyj's Debt-to-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Incap Oyj ranks #1378 out of 2219 companies for Debt-to-Equity. This places Incap Oyj in the lower half of its industry. The industry median Debt-to-Equity is 0.27. Incap Oyj's value of 0.43 is 59.3% above this benchmark. Historically, Incap Oyj's own Debt-to-Equity has ranged from 0.14 to 1.01 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.27, Incap Oyj 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.27, 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. Incap Oyj's current Debt-to-Equity of 0.43 is 59.3% 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 Incap Oyj and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Incap Oyj's current Debt-to-Equity is 0.43, which is 54% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Incap Oyj stock overvalued right now?
Based on GuruFocus' analysis, Incap Oyj (LTS:0ERY) is currently considered Significantly Undervalued. The stock's GF Value™ is €10.94, compared to a current price of €7.34 — trading 32.9% below its estimated fair value. The current Debt-to-Equity is 0.43, which is 54% above median its 10-year median of 0.28 and 59.3% above the Hardware industry median of 0.27. Incap Oyj's overall GF Score™ is 86/100 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 Incap Oyj (LTS:0ERY), the current Debt-to-Equity is 0.43 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 Incap Oyj (LTS:0ERY) Overvalued in 2026?
Based on GuruFocus' analysis, Incap Oyj stock appears to be undervalued.
The current stock price of €7.34 is trading 32.9% below its estimated GF Value™ of €10.94.
GuruFocus considers Incap Oyj to be Significantly Undervalued.
Key valuation signals for LTS:0ERY:
Debt-to-Equity: 0.43 (54% above median its 10-year median of 0.28)
GF Value™: €10.94 vs. price of €7.34 (32.9% below fair value)
Industry Position: 59.3% above the Hardware median (#1378 of 2219)
No single metric tells the full story. See the LTS:0ERY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Incap Oyj operates as a full-service provider in Electronics Manufacturing Services (EMS), supporting customers ranging from large multinational corporations, mid-sized companies, and small start-ups across the complete manufacturing value chain. Its services include material procurement, prototyping and engineering, production ramp-up, serial production, design, project management, final assembly, testing, and logistics, along with key offerings such as prototyping and engineering, PCB assembly manufacturing, box-build assembly, and customised solutions. The Company operates across Europe, North America, Asia, Africa, and Australia, with Europe generating the majority of its revenue.
86GF Score
Get the complete analysis for LTS:0ERY
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
LTS:0ERY has been successfully added to your 
