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Rai Way SpAMIL:RWAY +2.05%77 Debt-to-Equity is 0.18 as of Jun. 2026, which is 22% below its 10-year median of 0.23. GuruFocus rates MIL:RWAY with a GF Score™ of 77/100 and a GF Value™ of €5.62 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,609 Construction companies, Rai Way SpA ranks better than 69.92% 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 Rai Way SpA's Debt-to-Equity or its related term are showing as below:
MIL:RWAY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.23 Max: 0.99
Current: 0.18
During the past 13 years, the highest Debt-to-Equity Ratio of Rai Way SpA was 0.99. The lowest was 0.00. And the median was 0.23.
MIL:RWAY's Debt-to-Equity is ranked better than 69.92% of 1609
companies
in the Construction industry
Industry Median: 0.41
vs MIL:RWAY: 0.18
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.
Rai Way SpA Debt-to-Equity Related Terms
Rai Way SpA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Rai Way SpA'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.
MIL:RWAY vs PWR, FIX, EME: Debt-to-Equity Comparison
For the Engineering & Construction subindustry, Rai Way SpA'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.
Rai Way SpA Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, Rai Way SpA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Rai Way SpA'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.
Rai Way SpA (MIL:RWAY) has a Debt-to-Equity of 0.18 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Rai Way SpA and its competitors. This is 22% below median its historical median of 0.23. According to the industry distribution chart, Rai Way SpA ranks #484 out of 1609 companies in the Construction industry, placing it in the top 30.1%.
Is Rai Way SpA's Debt-to-Equity too high?
Rai Way SpA's current Debt-to-Equity of 0.18 is 22% below median its 10-year median of 0.23. The Construction industry median Debt-to-Equity is 0.41. Rai Way SpA's value of 0.18 is 56.1% below this industry median. Based on the distribution chart, Rai Way SpA ranks #484 out of 1609 companies in the Construction industry, which is above the industry midpoint. Overall, Rai Way SpA has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rai Way SpA's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Rai Way SpA ranks #484 out of 1609 companies for Debt-to-Equity. This puts Rai Way SpA in the upper half of its industry. The industry median Debt-to-Equity is 0.41. Rai Way SpA's value of 0.18 is 56.1% below this benchmark. While the company's 10-year median is 0.23 vs. the industry median of 0.41, Rai Way SpA 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 Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,609 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. Rai Way SpA's current Debt-to-Equity of 0.18 is 56.1% 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 Rai Way SpA and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rai Way SpA's current Debt-to-Equity is 0.18, which is 22% below median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rai Way SpA stock overvalued right now?
Based on GuruFocus' analysis, Rai Way SpA (MIL:RWAY) is currently considered Modestly Undervalued. The stock's GF Value™ is €5.62, compared to a current price of €4.74 — trading 15.7% below its estimated fair value. The current Debt-to-Equity is 0.18, which is 22% below median its 10-year median of 0.23 and 56.1% below the Construction industry median of 0.41. Rai Way SpA's overall GF Score™ is 77/100 with 3 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 Rai Way SpA (MIL:RWAY), the current Debt-to-Equity is 0.18 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 Rai Way SpA (MIL:RWAY) Overvalued in 2026?
Based on GuruFocus' analysis, Rai Way SpA stock appears to be undervalued.
The current stock price of €4.74 is trading 15.7% below its estimated GF Value™ of €5.62.
GuruFocus considers Rai Way SpA to be Modestly Undervalued.
Key valuation signals for MIL:RWAY:
Debt-to-Equity: 0.18 (22% below median its 10-year median of 0.23)
GF Value™: €5.62 vs. price of €4.74 (15.7% below fair value)
Industry Position: 56.1% below the Construction median (#484 of 1609)
No single metric tells the full story. See the MIL:RWAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rai Way SpA is an Italy-based company which operates activity of signal transmission and a broadcasting network of RAI group. The services provided by the company include broadcasting services, transmission services, tower Rental Services and network Services. The company serves its customer by providing implementation and management of the main broadcasting processes which include analog and digital, terrestrial and satellite, for audio, video and data signals, television signals through connecting network. The company allows its clients to have the availability of tower and civil infrastructures to install radio transmitters, planning, construction, installation, management of electronic and telecommunications networks. It provides services throughout Italy.
77GF Score
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