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Nippon Carbon CoNCRBF 82 Debt-to-Equity is 0.19 as of Dec. 2025, which is 24% below its 10-year median of 0.25. GuruFocus rates NCRBF with a GF Score™ of 82/100 and a GF Value™ of $28.82 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,422 Chemicals companies, Nippon Carbon Co ranks better than 65.89% 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 Nippon Carbon Co's Debt-to-Equity or its related term are showing as below:
NCRBF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.25 Max: 0.6
Current: 0.19
During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Carbon Co was 0.60. The lowest was 0.18. And the median was 0.25.
NCRBF's Debt-to-Equity is ranked better than 65.89% of 1422
companies
in the Chemicals industry
Industry Median: 0.36
vs NCRBF: 0.19
Nippon Carbon Co (OTCPK:NCRBF) Debt-to-Equity Explanation
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.
Nippon Carbon Co Debt-to-Equity Related Terms
Nippon Carbon Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Nippon Carbon Co'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 Specialty Chemicals subindustry, Nippon Carbon Co'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.
Nippon Carbon Co Debt-to-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nippon Carbon Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nippon Carbon Co'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.
Nippon Carbon Co (NCRBF) has a Debt-to-Equity of 0.19 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nippon Carbon Co and its competitors. This is 24% below median its historical median of 0.25. Over the past decade, Nippon Carbon Co's Debt-to-Equity has ranged from 0.18 to 0.60. According to the industry distribution chart, Nippon Carbon Co ranks #485 out of 1422 companies in the Chemicals industry, placing it in the top 34.1%.
Is Nippon Carbon Co's Debt-to-Equity too high?
Nippon Carbon Co's current Debt-to-Equity of 0.19 is 24% below median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.60. The Chemicals industry median Debt-to-Equity is 0.36. Nippon Carbon Co's value of 0.19 is 47.2% below this industry median. Based on the distribution chart, Nippon Carbon Co ranks #485 out of 1422 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nippon Carbon Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Carbon Co's Debt-to-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nippon Carbon Co ranks #485 out of 1422 companies for Debt-to-Equity. This puts Nippon Carbon Co in the upper half of its industry. The industry median Debt-to-Equity is 0.36. Nippon Carbon Co's value of 0.19 is 47.2% below this benchmark. Historically, Nippon Carbon Co's own Debt-to-Equity has ranged from 0.18 to 0.60 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.36, Nippon Carbon Co 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 Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.36, based on 1,422 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. Nippon Carbon Co's current Debt-to-Equity of 0.19 is 47.2% 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 Nippon Carbon Co and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Carbon Co's current Debt-to-Equity is 0.19, which is 24% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Carbon Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Carbon Co (NCRBF) is currently considered Fairly Valued. The stock's GF Value™ is $28.82, compared to a current price of $27.63 — trading 4.1% below its estimated fair value. The current Debt-to-Equity is 0.19, which is 24% below median its 10-year median of 0.25 and 47.2% below the Chemicals industry median of 0.36. Nippon Carbon Co's overall GF Score™ is 82/100 with 4 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 Nippon Carbon Co (NCRBF), the current Debt-to-Equity is 0.19 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 Nippon Carbon Co (NCRBF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Carbon Co stock appears to be undervalued.
The current stock price of $27.63 is trading 4.1% below its estimated GF Value™ of $28.82.
GuruFocus considers Nippon Carbon Co to be Fairly Valued.
Key valuation signals for NCRBF:
Debt-to-Equity: 0.19 (24% below median its 10-year median of 0.25)
GF Value™: $28.82 vs. price of $27.63 (4.1% below fair value)
Industry Position: 47.2% below the Chemicals median (#485 of 1422)
No single metric tells the full story. See the NCRBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Carbon Co Ltd engages in the manufacture and sale of carbon products. It provides products in following categories: Carbon Products, Silicon carbide products, and Others. The Carbon Products include artificial graphite electrode, impervious graphite products, isotropic high purity graphite products, a machine for graphite products, general purpose carbon fibers, and graphite fibers, containing resin graphite fibers made of packing, flexible graphite sealing material, and node material for lithium ion battery. Silicon carbide products are involved in the development and sale of ceramic matrix composite. Other category deals with manufacturing industrial machinery, mechanical repair, building and parking leasing.
82GF Score
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