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Mie CoNGO:3442 -3.81%72 Debt-to-Equity is 1.05 as of Mar. 2026, which is 53% below its 10-year median of 2.25. GuruFocus rates NGO:3442 with a GF Score™ of 72/100 and a GF Value™ of 円1,436.74 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 549 Steel companies, Mie Co ranks worse than 77.23% 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 Mie Co's Debt-to-Equity or its related term are showing as below:
NGO:3442'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.05 Med: 2.25 Max: 4.17
Current: 0.95
During the past 13 years, the highest Debt-to-Equity Ratio of Mie Co was 4.17. The lowest was 1.05. And the median was 2.25.
NGO:3442's Debt-to-Equity is ranked worse than 77.23% of 549
companies
in the Steel industry
Industry Median: 0.41
vs NGO:3442: 0.95
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.
Mie Co Debt-to-Equity Related Terms
Mie Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Mie 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.
NGO:3442 vs NUE, STLD, RS: Debt-to-Equity Comparison
For the Steel subindustry, Mie 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.
Mie Co Debt-to-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Mie Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Mie 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.
Mie Co (NGO:3442) has a Debt-to-Equity of 1.05 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Mie Co and its competitors. This is 53% below median its historical median of 2.25. Over the past decade, Mie Co's Debt-to-Equity has ranged from 1.05 to 4.17. According to the industry distribution chart, Mie Co ranks #424 out of 549 companies in the Steel industry, placing it in the top 77.2%.
Is Mie Co's Debt-to-Equity too high?
Mie Co's current Debt-to-Equity of 1.05 is 53% below median its 10-year median of 2.25. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 4.17. The Steel industry median Debt-to-Equity is 0.41. Mie Co's value of 1.05 is 156.1% above this industry median. Based on the distribution chart, Mie Co ranks #424 out of 549 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Mie Co has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mie Co's Debt-to-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Mie Co ranks #424 out of 549 companies for Debt-to-Equity. This places Mie Co in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Mie Co's value of 1.05 is 156.1% above this benchmark. Historically, Mie Co's own Debt-to-Equity has ranged from 1.05 to 4.17 over the past decade. While the company's 10-year median is 2.25 vs. the industry median of 0.41, Mie Co 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 Steel company?
The median Debt-to-Equity among Steel companies is 0.41, based on 549 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. Mie Co's current Debt-to-Equity of 1.05 is 156.1% 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 Mie Co and its competitors. For the Steel industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mie Co's current Debt-to-Equity is 1.05, which is 53% below median its own 10-year median of 2.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mie Co stock overvalued right now?
Based on GuruFocus' analysis, Mie Co (NGO:3442) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,436.74, compared to a current price of 円1,866.00 — trading 29.9% above its estimated fair value. The current Debt-to-Equity is 1.05, which is 53% below median its 10-year median of 2.25 and 156.1% above the Steel industry median of 0.41. Mie Co's overall GF Score™ is 72/100 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 Mie Co (NGO:3442), the current Debt-to-Equity is 1.05 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 Mie Co (NGO:3442) Overvalued in 2026?
Based on GuruFocus' analysis, Mie Co stock appears to be overvalued.
The current stock price of 円1,866.00 is trading 29.9% above its estimated GF Value™ of 円1,436.74.
GuruFocus considers Mie Co to be Modestly Overvalued.
Key valuation signals for NGO:3442:
Debt-to-Equity: 1.05 (53% below median its 10-year median of 2.25)
GF Value™: 円1,436.74 vs. price of 円1,866.00 (29.9% above fair value)
Industry Position: 156.1% above the Steel median (#424 of 549)
No single metric tells the full story. See the NGO:3442 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mie Corp Co Ltd is a Japanese holding company. The company, through its subsidiaries, is engaged in the manufacturing of stainless steel fittings and flanges and the prefabricated piping processing of piping equipment. The products of the company include butt weld type fitting, housing type pipe fitting, and stainless steel pipe flange.
72GF Score
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