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NetcapitalNCPL -1.22%32 Debt-to-Equity is 0.11 as of Jan. 2026, which is 10% above its 10-year median of 0.10. GuruFocus rates NCPL with a GF Score™ of 32/100 and a GF Value™ of $0.07 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 610 Capital Markets companies, Netcapital ranks better than 70.82% 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 Netcapital's Debt-to-Equity or its related term are showing as below:
NCPL'
s Debt-to-Equity Range Over the Past 10 Years
Min: -1.36 Med: 0.1 Max: 4.84
Current: 0.11
During the past 8 years, the highest Debt-to-Equity Ratio of Netcapital was 4.84. The lowest was -1.36. And the median was 0.10.
NCPL's Debt-to-Equity is ranked better than 70.82% of 610
companies
in the Capital Markets industry
Industry Median: 0.305
vs NCPL: 0.11
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.
Netcapital Debt-to-Equity Related Terms
Netcapital Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Netcapital'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.
NCPL vs ABTS, PMAX, MWAI: Debt-to-Equity Comparison
For the Capital Markets subindustry, Netcapital'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.
Netcapital Debt-to-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Netcapital's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Netcapital'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.
Netcapital (NCPL) has a Debt-to-Equity of 0.11 as of Jan. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Netcapital and its competitors. This is 10% above median its historical median of 0.10. According to the industry distribution chart, Netcapital ranks #178 out of 610 companies in the Capital Markets industry, placing it in the top 29.2%.
Is Netcapital's Debt-to-Equity too high?
Netcapital's current Debt-to-Equity of 0.11 is 10% above median its 10-year median of 0.10. The Capital Markets industry median Debt-to-Equity is 0.31. Netcapital's value of 0.11 is 63.9% below this industry median. Based on the distribution chart, Netcapital ranks #178 out of 610 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Netcapital has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Netcapital's Debt-to-Equity compare to ABTS and PMAX?
According to the Capital Markets industry distribution chart, Netcapital ranks #178 out of 610 companies for Debt-to-Equity. This puts Netcapital in the upper half of its industry. The industry median Debt-to-Equity is 0.31. Netcapital's value of 0.11 is 63.9% below this benchmark. While the company's 10-year median is 0.10 vs. the industry median of 0.31, Netcapital 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 Capital Markets company?
The median Debt-to-Equity among Capital Markets companies is 0.31, 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. Netcapital's current Debt-to-Equity of 0.11 is 63.9% 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 Netcapital and its competitors. For the Capital Markets industry, the median Debt-to-Equity is 0.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netcapital's current Debt-to-Equity is 0.11, which is 10% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcapital stock overvalued right now?
Based on GuruFocus' analysis, Netcapital (NCPL) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.07, compared to a current price of $0.37 — trading 433.4% above its estimated fair value. The current Debt-to-Equity is 0.11, which is 10% above median its 10-year median of 0.10 and 63.9% below the Capital Markets industry median of 0.31. Netcapital's overall GF Score™ is 32/100 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 Netcapital (NCPL), the current Debt-to-Equity is 0.11 as of Jan. 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 Netcapital (NCPL) Overvalued in 2026?
Based on GuruFocus' analysis, Netcapital stock appears to be overvalued.
The current stock price of $0.37 is trading 433.4% above its estimated GF Value™ of $0.07.
GuruFocus considers Netcapital to be Significantly Overvalued.
Key valuation signals for NCPL:
Debt-to-Equity: 0.11 (10% above median its 10-year median of 0.10)
GF Value™: $0.07 vs. price of $0.37 (433.4% above fair value)
Industry Position: 63.9% below the Capital Markets median (#178 of 610)
No single metric tells the full story. See the NCPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netcapital Inc is a financial technology company. The company facilitates the growth of private companies by providing fundraising services and other consulting services. The company's online private investment platform connects entrepreneurs and investors, enabling companies to raise capital digitally. The Company operates in a single operating segment, which is the provision of fintech services.
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