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Monex GroupMNXBF 59 Debt-to-Equity is 0.89 as of Mar. 2026, which is 71% below its 10-year median of 3.12. GuruFocus rates MNXBF with a GF Score™ of 59/100 and a GF Value™ of $5.16 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 610 Capital Markets companies, Monex Group ranks worse than 68.85% 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 Monex Group's Debt-to-Equity or its related term are showing as below:
MNXBF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.7 Med: 3.12 Max: 4.17
Current: 0.89
During the past 13 years, the highest Debt-to-Equity Ratio of Monex Group was 4.17. The lowest was 0.70. And the median was 3.12.
MNXBF's Debt-to-Equity is ranked worse than 68.85% of 610
companies
in the Capital Markets industry
Industry Median: 0.315
vs MNXBF: 0.89
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.
Monex Group Debt-to-Equity Related Terms
Monex Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Monex Group'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.
For the Capital Markets subindustry, Monex Group'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.
Monex Group Debt-to-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Monex Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Monex Group'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.
Monex Group (MNXBF) has a Debt-to-Equity of 0.89 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Monex Group and its competitors. This is 71% below median its historical median of 3.12. Over the past decade, Monex Group's Debt-to-Equity has ranged from 0.70 to 4.17. According to the industry distribution chart, Monex Group ranks #420 out of 610 companies in the Capital Markets industry, placing it in the top 68.9%.
Is Monex Group's Debt-to-Equity too high?
Monex Group's current Debt-to-Equity of 0.89 is 71% below median its 10-year median of 3.12. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 4.17. The Capital Markets industry median Debt-to-Equity is 0.32. Monex Group's value of 0.89 is 182.5% above this industry median. Based on the distribution chart, Monex Group ranks #420 out of 610 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Monex Group has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Monex Group's Debt-to-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Monex Group ranks #420 out of 610 companies for Debt-to-Equity. This places Monex Group in the lower half of its industry. The industry median Debt-to-Equity is 0.32. Monex Group's value of 0.89 is 182.5% above this benchmark. Historically, Monex Group's own Debt-to-Equity has ranged from 0.70 to 4.17 over the past decade. While the company's 10-year median is 3.12 vs. the industry median of 0.32, Monex Group 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 Capital Markets company?
The median Debt-to-Equity among Capital Markets companies is 0.32, based on 610 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. Monex Group's current Debt-to-Equity of 0.89 is 182.5% 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 Monex Group and its competitors. For the Capital Markets industry, the median Debt-to-Equity is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Monex Group's current Debt-to-Equity is 0.89, which is 71% below median its own 10-year median of 3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monex Group stock overvalued right now?
Based on GuruFocus' analysis, Monex Group (MNXBF) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.16, compared to a current price of $4.04 — trading 21.7% below its estimated fair value. The current Debt-to-Equity is 0.89, which is 71% below median its 10-year median of 3.12 and 182.5% above the Capital Markets industry median of 0.32. Monex Group's overall GF Score™ is 59/100 with 6 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 Monex Group (MNXBF), the current Debt-to-Equity is 0.89 as of Mar. 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 Monex Group (MNXBF) Overvalued in 2026?
Based on GuruFocus' analysis, Monex Group stock appears to be undervalued.
The current stock price of $4.04 is trading 21.7% below its estimated GF Value™ of $5.16.
GuruFocus considers Monex Group to be Modestly Undervalued.
Key valuation signals for MNXBF:
Debt-to-Equity: 0.89 (71% below median its 10-year median of 3.12)
GF Value™: $5.16 vs. price of $4.04 (21.7% below fair value)
Industry Position: 182.5% above the Capital Markets median (#420 of 610)
No single metric tells the full story. See the MNXBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Monex Group Inc is functional in the financial services domain of Japan. Its core business is that of securities trading. Operating in the capital markets industry, the company renders such services as online securities business, the foreign exchange (FX) trading business, as well as the provision of merger and acquisition (M&A) advisory services. Most of its revenue is in the form of brokerage derived from its capital market activities majorly in Japan and on a minor scale in the United States and China.
59GF Score
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