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Nitto KogyoNELEF 94 Debt-to-Equity is 0.20 as of Mar. 2026, which is 233% above its 10-year median of 0.06. GuruFocus rates NELEF with a GF Score™ of 94/100 and a GF Value™ of $21.92. The stock has 1 warning sign investors should review. Among 2,685 Industrial Products companies, Nitto Kogyo ranks better than 61.94% 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 Nitto Kogyo's Debt-to-Equity or its related term are showing as below:
NELEF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.25
Current: 0.19
During the past 13 years, the highest Debt-to-Equity Ratio of Nitto Kogyo was 0.25. The lowest was 0.00. And the median was 0.06.
NELEF's Debt-to-Equity is ranked better than 61.94% of 2685
companies
in the Industrial Products industry
Industry Median: 0.3
vs NELEF: 0.19
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.
Nitto Kogyo Debt-to-Equity Related Terms
Nitto Kogyo Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Nitto Kogyo'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 Electrical Equipment & Parts subindustry, Nitto Kogyo'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.
Nitto Kogyo Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nitto Kogyo's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nitto Kogyo'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.
Nitto Kogyo (NELEF) has a Debt-to-Equity of 0.20 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nitto Kogyo and its competitors. This is 233% above median its historical median of 0.06. According to the industry distribution chart, Nitto Kogyo ranks #1022 out of 2685 companies in the Industrial Products industry, placing it in the top 38.1%.
Is Nitto Kogyo's Debt-to-Equity too high?
Nitto Kogyo's current Debt-to-Equity of 0.20 is 233% above median its 10-year median of 0.06. The Industrial Products industry median Debt-to-Equity is 0.30. Nitto Kogyo's value of 0.20 is 33.3% below this industry median. Based on the distribution chart, Nitto Kogyo ranks #1022 out of 2685 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Nitto Kogyo has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Nitto Kogyo's Debt-to-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Nitto Kogyo ranks #1022 out of 2685 companies for Debt-to-Equity. This puts Nitto Kogyo in the upper half of its industry. The industry median Debt-to-Equity is 0.30. Nitto Kogyo's value of 0.20 is 33.3% below this benchmark. While the company's 10-year median is 0.06 vs. the industry median of 0.30, Nitto Kogyo 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 an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.30, based on 2,685 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. Nitto Kogyo's current Debt-to-Equity of 0.20 is 33.3% 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 Nitto Kogyo and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitto Kogyo's current Debt-to-Equity is 0.20, which is 233% above median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Kogyo stock overvalued right now?
Nitto Kogyo (NELEF) has a current Debt-to-Equity of 0.20. The stock's GF Value™ is $21.92, compared to a current price of $21.65 — trading 1.2% below its estimated fair value. The current Debt-to-Equity is 0.20, which is 233% above median its 10-year median of 0.06 and 33.3% below the Industrial Products industry median of 0.30. Nitto Kogyo's overall GF Score™ is 94/100 with 1 warning sign 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 Nitto Kogyo (NELEF), the current Debt-to-Equity is 0.20 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 Nitto Kogyo (NELEF) Overvalued in 2026?
Based on GuruFocus' analysis, Nitto Kogyo stock appears to be undervalued.
The current stock price of $21.65 is trading 1.2% below its estimated GF Value™ of $21.92.
Key valuation signals for NELEF:
Debt-to-Equity: 0.20 (233% above median its 10-year median of 0.06)
GF Value™: $21.92 vs. price of $21.65 (1.2% below fair value)
Industry Position: 33.3% below the Industrial Products median (#1022 of 2685)
No single metric tells the full story. See the NELEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitto Kogyo Corp is a Japan-based company which provides a wide range of product materials, such as electric circuit panelboard powered high-pressure equipment, such as information and communications-related materials. It is engaged in manufacture and sales of electric and mechanical equipment such as high-voltage power-receiving equipment, panel boards, home panel boards, charging stations, optical junction boxes, metal enclosures, plastic enclosures, racks, breakers, switches, thermal management products, and so on. The company is also in Power Generation and sales business.
94GF Score
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