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Howa MachineryNGO:6203 62 Debt-to-Equity is 0.32 as of Mar. 2026, which is 60% above its 10-year median of 0.20. GuruFocus rates NGO:6203 with a GF Score™ of 62/100 and a GF Value™ of 円772.01. The stock has 7 warning signs investors should review. Among 2,686 Industrial Products companies, Howa Machinery ranks better than 51.01% 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 Howa Machinery's Debt-to-Equity or its related term are showing as below:
NGO:6203'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.2 Max: 0.43
Current: 0.29
During the past 13 years, the highest Debt-to-Equity Ratio of Howa Machinery was 0.43. The lowest was 0.09. And the median was 0.20.
NGO:6203's Debt-to-Equity is ranked better than 51.01% of 2686
companies
in the Industrial Products industry
Industry Median: 0.3
vs NGO:6203: 0.29
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.
Howa Machinery Debt-to-Equity Related Terms
Howa Machinery Debt-to-Equity Historical Data
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The historical data trend for Howa Machinery'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:6203 vs GEV, ETN, PH: Debt-to-Equity Comparison
For the Specialty Industrial Machinery subindustry, Howa Machinery'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.
Howa Machinery Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Howa Machinery's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Howa Machinery'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.
Howa Machinery (NGO:6203) has a Debt-to-Equity of 0.32 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Howa Machinery and its competitors. This is 60% above median its historical median of 0.20. Over the past decade, Howa Machinery's Debt-to-Equity has ranged from 0.09 to 0.43. According to the industry distribution chart, Howa Machinery ranks #1316 out of 2686 companies in the Industrial Products industry, placing it in the top 49%.
Is Howa Machinery's Debt-to-Equity too high?
Howa Machinery's current Debt-to-Equity of 0.32 is 60% above median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.43. The Industrial Products industry median Debt-to-Equity is 0.30. Howa Machinery's value of 0.32 is 6.7% above this industry median. Based on the distribution chart, Howa Machinery ranks #1316 out of 2686 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Howa Machinery has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Howa Machinery's Debt-to-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Howa Machinery ranks #1316 out of 2686 companies for Debt-to-Equity. This puts Howa Machinery in the upper half of its industry. The industry median Debt-to-Equity is 0.30. Howa Machinery's value of 0.32 is 6.7% above this benchmark. Historically, Howa Machinery's own Debt-to-Equity has ranged from 0.09 to 0.43 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 0.30, Howa Machinery 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 an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.30, based on 2,686 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. Howa Machinery's current Debt-to-Equity of 0.32 is 6.7% 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 Howa Machinery 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. Howa Machinery's current Debt-to-Equity is 0.32, which is 60% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howa Machinery stock overvalued right now?
Howa Machinery (NGO:6203) has a current Debt-to-Equity of 0.32. The stock's GF Value™ is 円772.01, compared to a current price of 円2,098.00 — trading 171.8% above its estimated fair value. The current Debt-to-Equity is 0.32, which is 60% above median its 10-year median of 0.20 and 6.7% above the Industrial Products industry median of 0.30. Howa Machinery's overall GF Score™ is 62/100 with 7 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 Howa Machinery (NGO:6203), the current Debt-to-Equity is 0.32 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 Howa Machinery (NGO:6203) Overvalued in 2026?
Based on GuruFocus' analysis, Howa Machinery stock appears to be overvalued.
The current stock price of 円2,098.00 is trading 171.8% above its estimated GF Value™ of 円772.01.
Key valuation signals for NGO:6203:
Debt-to-Equity: 0.32 (60% above median its 10-year median of 0.20)
GF Value™: 円772.01 vs. price of 円2,098.00 (171.8% above fair value)
Industry Position: 6.7% above the Industrial Products median (#1316 of 2686)
No single metric tells the full story. See the NGO:6203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Howa Machinery Ltd engages in the manufacture and sale of machine tools, pneumatic and hydraulic equipment, electronic machines, firearms, construction materials and construction machinery.
62GF Score
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