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VNE SpAMIL:VNE +8.06%38 Debt-to-Equity is 0.39 as of Dec. 2025, which is 25% below its 10-year median of 0.52. GuruFocus rates MIL:VNE with a GF Score™ of 38/100 and a GF Value™ of €3.73 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,682 Industrial Products companies, VNE SpA ranks worse than 59.77% 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 VNE SpA's Debt-to-Equity or its related term are showing as below:
MIL:VNE'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.52 Max: 1.15
Current: 0.39
During the past 5 years, the highest Debt-to-Equity Ratio of VNE SpA was 1.15. The lowest was 0.39. And the median was 0.52.
MIL:VNE's Debt-to-Equity is ranked worse than 59.77% of 2682
companies
in the Industrial Products industry
Industry Median: 0.28
vs MIL:VNE: 0.39
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.
VNE SpA Debt-to-Equity Related Terms
VNE SpA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for VNE 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:VNE vs GEV, ETN, PH: Debt-to-Equity Comparison
For the Specialty Industrial Machinery subindustry, VNE 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.
VNE SpA Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, VNE SpA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where VNE 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.
VNE SpA (MIL:VNE) has a Debt-to-Equity of 0.39 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on VNE SpA and its competitors. This is 25% below median its historical median of 0.52. Over the past decade, VNE SpA's Debt-to-Equity has ranged from 0.39 to 1.15. According to the industry distribution chart, VNE SpA ranks #1603 out of 2682 companies in the Industrial Products industry, placing it in the top 59.8%.
Is VNE SpA's Debt-to-Equity too high?
VNE SpA's current Debt-to-Equity of 0.39 is 25% below median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.15. The Industrial Products industry median Debt-to-Equity is 0.28. VNE SpA's value of 0.39 is 39.3% above this industry median. Based on the distribution chart, VNE SpA ranks #1603 out of 2682 companies in the Industrial Products industry, which is below the industry midpoint. Overall, VNE SpA has a GF Score™ of 38/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VNE SpA's Debt-to-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, VNE SpA ranks #1603 out of 2682 companies for Debt-to-Equity. This places VNE SpA in the lower half of its industry. The industry median Debt-to-Equity is 0.28. VNE SpA's value of 0.39 is 39.3% above this benchmark. Historically, VNE SpA's own Debt-to-Equity has ranged from 0.39 to 1.15 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 0.28, VNE SpA 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 an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,682 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. VNE SpA's current Debt-to-Equity of 0.39 is 39.3% 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 VNE SpA and its competitors. For the Industrial Products 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. VNE SpA's current Debt-to-Equity is 0.39, which is 25% below median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNE SpA stock overvalued right now?
Based on GuruFocus' analysis, VNE SpA (MIL:VNE) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.73, compared to a current price of €2.68 — trading 28.2% below its estimated fair value. The current Debt-to-Equity is 0.39, which is 25% below median its 10-year median of 0.52 and 39.3% above the Industrial Products industry median of 0.28. VNE SpA's overall GF Score™ is 38/100 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 VNE SpA (MIL:VNE), the current Debt-to-Equity is 0.39 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 VNE SpA (MIL:VNE) Overvalued in 2026?
Based on GuruFocus' analysis, VNE SpA stock appears to be undervalued.
The current stock price of €2.68 is trading 28.2% below its estimated GF Value™ of €3.73.
GuruFocus considers VNE SpA to be Modestly Undervalued.
Key valuation signals for MIL:VNE:
Debt-to-Equity: 0.39 (25% below median its 10-year median of 0.52)
GF Value™: €3.73 vs. price of €2.68 (28.2% below fair value)
Industry Position: 39.3% above the Industrial Products median (#1603 of 2682)
No single metric tells the full story. See the MIL:VNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VNE SpA produces hardware and software for the management of banknotes, coins, and, more generally, payments and transactions through cash and cashless systems, offering a wide range of customized products. It creates, samples, and produces all its appliances internally. The company offers consulting and commercial assistance all over the world through a stable and efficient operating network; moreover, it guarantees qualified and immediate maintenance and technical assistance anywhere on every type of machine. The main markets where the company operates internationally are gambling, retail & vending, casino & ticket, and wherever there is a need to manage payments or automated transactions.
38GF Score
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