Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Toyo ElectricNGO:6655 63 Debt-to-Equity is 0.27 as of Mar. 2026, which is 21% below its 10-year median of 0.34. GuruFocus rates NGO:6655 with a GF Score™ of 63/100 and a GF Value™ of 円803.58 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,687 Industrial Products companies, Toyo Electric ranks better than 55.94% 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 Toyo Electric's Debt-to-Equity or its related term are showing as below:
NGO:6655'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.34 Max: 0.41
Current: 0.24
During the past 13 years, the highest Debt-to-Equity Ratio of Toyo Electric was 0.41. The lowest was 0.23. And the median was 0.34.
NGO:6655's Debt-to-Equity is ranked better than 55.94% of 2687
companies
in the Industrial Products industry
Industry Median: 0.3
vs NGO:6655: 0.24
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.
Toyo Electric Debt-to-Equity Related Terms
Toyo Electric Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Toyo Electric'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, Toyo Electric'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.
Toyo Electric Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Toyo Electric's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Toyo Electric'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.
Toyo Electric (NGO:6655) has a Debt-to-Equity of 0.27 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Toyo Electric and its competitors. This is 21% below median its historical median of 0.34. Over the past decade, Toyo Electric's Debt-to-Equity has ranged from 0.23 to 0.41. According to the industry distribution chart, Toyo Electric ranks #1184 out of 2687 companies in the Industrial Products industry, placing it in the top 44.1%.
Is Toyo Electric's Debt-to-Equity too high?
Toyo Electric's current Debt-to-Equity of 0.27 is 21% below median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.41. The Industrial Products industry median Debt-to-Equity is 0.30. Toyo Electric's value of 0.27 is 10% below this industry median. Based on the distribution chart, Toyo Electric ranks #1184 out of 2687 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Toyo Electric has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toyo Electric's Debt-to-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Toyo Electric ranks #1184 out of 2687 companies for Debt-to-Equity. This puts Toyo Electric in the upper half of its industry. The industry median Debt-to-Equity is 0.30. Toyo Electric's value of 0.27 is 10% below this benchmark. Historically, Toyo Electric's own Debt-to-Equity has ranged from 0.23 to 0.41 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.30, Toyo Electric 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 2,687 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. Toyo Electric's current Debt-to-Equity of 0.27 is 10% 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 Toyo Electric 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. Toyo Electric's current Debt-to-Equity is 0.27, which is 21% below median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Electric stock overvalued right now?
Based on GuruFocus' analysis, Toyo Electric (NGO:6655) is currently considered Fairly Valued. The stock's GF Value™ is 円803.58, compared to a current price of 円782.00 — trading 2.7% below its estimated fair value. The current Debt-to-Equity is 0.27, which is 21% below median its 10-year median of 0.34 and 10% below the Industrial Products industry median of 0.30. Toyo Electric's overall GF Score™ is 63/100 with 2 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 Toyo Electric (NGO:6655), the current Debt-to-Equity is 0.27 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 Toyo Electric (NGO:6655) Overvalued in 2026?
Based on GuruFocus' analysis, Toyo Electric stock appears to be undervalued.
The current stock price of 円782.00 is trading 2.7% below its estimated GF Value™ of 円803.58.
GuruFocus considers Toyo Electric to be Fairly Valued.
Key valuation signals for NGO:6655:
Debt-to-Equity: 0.27 (21% below median its 10-year median of 0.34)
GF Value™: 円803.58 vs. price of 円782.00 (2.7% below fair value)
Industry Position: 10% below the Industrial Products median (#1184 of 2687)
No single metric tells the full story. See the NGO:6655 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toyo Electric Corp is a Japan based company engaged in the manufacture and maintenance of switchboards and transformers. The company provides monitoring and control equipment, distribution boards, transformers, sensors, equipment for solutions, and manufactures and sells switchboards and elevator sensors, and the Company outsources the manufacturing of products and sells and purchases raw materials.
63GF Score
Get the complete analysis for NGO:6655
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NGO:6655 has been successfully added to your 
