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LightAir ABNGM:LAIR -4.95%32 Debt-to-Equity is 0.00 as of Dec. 2025. GuruFocus rates NGM:LAIR with a GF Score™ of 32/100 and a GF Value™ of kr0.28 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,681 Industrial Products companies, LightAir AB ranks worse than 37299.48% 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 LightAir AB's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of LightAir AB was 0.25. The lowest was 0.05. And the median was 0.12.
NGM:LAIR's Debt-to-Equity is not ranked *
in the Industrial Products industry.
Industry Median: 0.28 * Ranked among companies with meaningful Debt-to-Equity only.
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.
LightAir AB Debt-to-Equity Related Terms
LightAir AB Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for LightAir AB'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.
NGM:LAIR vs VLTO, ZWS, CECO: Debt-to-Equity Comparison
For the Pollution & Treatment Controls subindustry, LightAir AB'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.
LightAir AB Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, LightAir AB's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where LightAir AB'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.
LightAir AB (NGM:LAIR) has a Debt-to-Equity of 0.00 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on LightAir AB and its competitors. Over the past decade, LightAir AB's Debt-to-Equity has ranged from 0.05 to 0.25. According to the industry distribution chart, LightAir AB ranks #999999 out of 2681 companies in the Industrial Products industry.
Is LightAir AB's Debt-to-Equity too high?
LightAir AB's current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.25. Based on the distribution chart, LightAir AB ranks #999999 out of 2681 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, LightAir AB has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LightAir AB's Debt-to-Equity compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, LightAir AB ranks #999999 out of 2681 companies for Debt-to-Equity. This places LightAir AB in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Historically, LightAir AB's own Debt-to-Equity has ranged from 0.05 to 0.25 over the past decade. 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 2,681 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. 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 LightAir AB 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. LightAir AB's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LightAir AB stock overvalued right now?
Based on GuruFocus' analysis, LightAir AB (NGM:LAIR) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.28, compared to a current price of kr0.96 — trading 242.9% above its estimated fair value. The current Debt-to-Equity is 0.00. LightAir AB's overall GF Score™ is 32/100 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 LightAir AB (NGM:LAIR), the current Debt-to-Equity is 0.00 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 LightAir AB (NGM:LAIR) Overvalued in 2026?
Based on GuruFocus' analysis, LightAir AB stock appears to be overvalued.
The current stock price of kr0.96 is trading 242.9% above its estimated GF Value™ of kr0.28.
GuruFocus considers LightAir AB to be Significantly Overvalued.
Key valuation signals for NGM:LAIR:
Debt-to-Equity: 0.00
GF Value™: kr0.28 vs. price of kr0.96 (242.9% above fair value)
No single metric tells the full story. See the NGM:LAIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LightAir AB is engaged in manufacturing and selling of air purifiers used for different industrial purposes such as traffic pollution, pet allergen, industrial pollution, smoke, and others. Its Air purifiers products include IonFlow Signature, IonFlow Evolution, IonFlow Style, IonFlow Surface, and others. The company distributes its products in Europe, Asia, and North America.
32GF Score
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