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H & M Hennes & Mauritz ABMIL:1HMB -9.61%52 Debt-to-Equity is 1.66 as of May. 2026, which is 29% above its 10-year median of 1.29. GuruFocus rates MIL:1HMB with a GF Score™ of 52/100 and a GF Value™ of €14.62 (Fairly Valued). The stock has 7 warning signs investors should review. Among 932 Manufacturing - Apparel & Accessories companies, H & M Hennes & Mauritz AB ranks worse than 89.38% 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 H & M Hennes & Mauritz AB's Debt-to-Equity or its related term are showing as below:
MIL:1HMB'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 1.29 Max: 2.43
Current: 1.66
During the past 13 years, the highest Debt-to-Equity Ratio of H & M Hennes & Mauritz AB was 2.43. The lowest was 0.03. And the median was 1.29.
MIL:1HMB's Debt-to-Equity is ranked worse than 89.38% of 932
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.42
vs MIL:1HMB: 1.66
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.
H & M Hennes & Mauritz AB Debt-to-Equity Related Terms
H & M Hennes & Mauritz AB 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.
MIL:1HMB vs RL, LEVI, VFC: Debt-to-Equity Comparison
For the Apparel Manufacturing subindustry, H & M Hennes & Mauritz AB'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.
H & M Hennes & Mauritz AB Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, H & M Hennes & Mauritz AB's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where H & M Hennes & Mauritz AB'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.
H & M Hennes & Mauritz AB (MIL:1HMB) has a Debt-to-Equity of 1.66 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on H & M Hennes & Mauritz AB and its competitors. This is 29% above median its historical median of 1.29. Over the past decade, H & M Hennes & Mauritz AB's Debt-to-Equity has ranged from 0.03 to 2.43. According to the industry distribution chart, H & M Hennes & Mauritz AB ranks #833 out of 932 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 89.4%.
Is H & M Hennes & Mauritz AB's Debt-to-Equity too high?
H & M Hennes & Mauritz AB's current Debt-to-Equity of 1.66 is 29% above median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 2.43. The Manufacturing - Apparel & Accessories industry median Debt-to-Equity is 0.42. H & M Hennes & Mauritz AB's value of 1.66 is 295.2% above this industry median. Based on the distribution chart, H & M Hennes & Mauritz AB ranks #833 out of 932 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, H & M Hennes & Mauritz AB has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does H & M Hennes & Mauritz AB's Debt-to-Equity compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, H & M Hennes & Mauritz AB ranks #833 out of 932 companies for Debt-to-Equity. This places H & M Hennes & Mauritz AB in the lower half of its industry. The industry median Debt-to-Equity is 0.42. H & M Hennes & Mauritz AB's value of 1.66 is 295.2% above this benchmark. Historically, H & M Hennes & Mauritz AB's own Debt-to-Equity has ranged from 0.03 to 2.43 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 0.42, H & M Hennes & Mauritz AB 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.42, based on 932 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. H & M Hennes & Mauritz AB's current Debt-to-Equity of 1.66 is 295.2% 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 H & M Hennes & Mauritz AB and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H & M Hennes & Mauritz AB's current Debt-to-Equity is 1.66, which is 29% above median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H & M Hennes & Mauritz AB stock overvalued right now?
Based on GuruFocus' analysis, H & M Hennes & Mauritz AB (MIL:1HMB) is currently considered Fairly Valued. The stock's GF Value™ is €14.62, compared to a current price of €14.21 — trading 2.8% below its estimated fair value. The current Debt-to-Equity is 1.66, which is 29% above median its 10-year median of 1.29 and 295.2% above the Manufacturing - Apparel & Accessories industry median of 0.42. H & M Hennes & Mauritz AB's overall GF Score™ is 52/100 with 7 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 H & M Hennes & Mauritz AB (MIL:1HMB), the current Debt-to-Equity is 1.66 as of May. 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 H & M Hennes & Mauritz AB (MIL:1HMB) Overvalued in 2026?
Based on GuruFocus' analysis, H & M Hennes & Mauritz AB stock appears to be undervalued.
The current stock price of €14.21 is trading 2.8% below its estimated GF Value™ of €14.62.
GuruFocus considers H & M Hennes & Mauritz AB to be Fairly Valued.
Key valuation signals for MIL:1HMB:
Debt-to-Equity: 1.66 (29% above median its 10-year median of 1.29)
GF Value™: €14.62 vs. price of €14.21 (2.8% below fair value)
Industry Position: 295.2% above the Manufacturing - Apparel & Accessories median (#833 of 932)
No single metric tells the full story. See the MIL:1HMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The H&M Group is a global multi-brand fashion conglomerate founded in 1947. Its flagship brand, H&M, generates the majority of the group's revenue, while ARKET, COS, and the secondhand platform Sellpy represent key sources of future growth. Geographically, 34% of group revenues are generated in Western Europe, followed by North and South America at 23%, and both Southern Europe and Asia, Oceania, and Africa at 13% each. The Nordic region accounts for approximately 9% of total sales.The company operates 4,101 stores (3,660 attributable to H&M brand) across 81 markets worldwide, the majority of which are leased. Online sales contributed slightly above 30% of total group revenue in financial 2025 .
52GF Score
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