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Topy IndustriesNGO:7231 73 Debt-to-Equity is 0.41 as of Mar. 2026, which is 36% below its 10-year median of 0.64. GuruFocus rates NGO:7231 with a GF Score™ of 73/100 and a GF Value™ of 円2,238.52. The stock has 4 warning signs investors should review. Among 1,225 Vehicles & Parts companies, Topy Industries ranks worse than 50.45% 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 Topy Industries's Debt-to-Equity or its related term are showing as below:
NGO:7231'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.64 Max: 0.77
Current: 0.47
During the past 13 years, the highest Debt-to-Equity Ratio of Topy Industries was 0.77. The lowest was 0.41. And the median was 0.64.
NGO:7231's Debt-to-Equity is ranked worse than 50.45% of 1225
companies
in the Vehicles & Parts industry
Industry Median: 0.46
vs NGO:7231: 0.47
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.
Topy Industries Debt-to-Equity Related Terms
Topy Industries Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Topy Industries'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 Auto Parts subindustry, Topy Industries'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.
Topy Industries Debt-to-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Topy Industries's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Topy Industries'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.
Topy Industries (NGO:7231) has a Debt-to-Equity of 0.41 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Topy Industries and its competitors. This is 36% below median its historical median of 0.64. Over the past decade, Topy Industries' Debt-to-Equity has ranged from 0.41 to 0.77. According to the industry distribution chart, Topy Industries ranks #618 out of 1225 companies in the Vehicles & Parts industry, placing it in the top 50.4%.
Is Topy Industries' Debt-to-Equity too high?
Topy Industries' current Debt-to-Equity of 0.41 is 36% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.77. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Topy Industries' value of 0.41 is 10.9% below this industry median. Based on the distribution chart, Topy Industries ranks #618 out of 1225 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Topy Industries has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Topy Industries' Debt-to-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Topy Industries ranks #618 out of 1225 companies for Debt-to-Equity. This places Topy Industries in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Topy Industries' value of 0.41 is 10.9% below this benchmark. Historically, Topy Industries' own Debt-to-Equity has ranged from 0.41 to 0.77 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.46, Topy Industries 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 a Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,225 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. Topy Industries's current Debt-to-Equity of 0.41 is 10.9% 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 Topy Industries and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topy Industries's current Debt-to-Equity is 0.41, which is 36% below median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topy Industries stock overvalued right now?
Topy Industries (NGO:7231) has a current Debt-to-Equity of 0.41. The stock's GF Value™ is 円2,238.52, compared to a current price of 円2,850.00 — trading 27.3% above its estimated fair value. The current Debt-to-Equity is 0.41, which is 36% below median its 10-year median of 0.64 and 10.9% below the Vehicles & Parts industry median of 0.46. Topy Industries' overall GF Score™ is 73/100 with 4 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 Topy Industries (NGO:7231), the current Debt-to-Equity is 0.41 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 Topy Industries (NGO:7231) Overvalued in 2026?
Based on GuruFocus' analysis, Topy Industries stock appears to be overvalued.
The current stock price of 円2,850.00 is trading 27.3% above its estimated GF Value™ of 円2,238.52.
Key valuation signals for NGO:7231:
Debt-to-Equity: 0.41 (36% below median its 10-year median of 0.64)
GF Value™: 円2,238.52 vs. price of 円2,850.00 (27.3% above fair value)
Industry Position: 10.9% below the Vehicles & Parts median (#618 of 1225)
No single metric tells the full story. See the NGO:7231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topy Industries Ltd is a Japanese producer of steel and automotive and industrial machinery components. Topy's largest segment by revenue, automotive and industrial machinery components, produces steel and aluminum wheels for passenger cars, commercial trucks, and buses; ultra-large-diameter wheels for mining dump trucks; industrial spring steel fasteners; and undercarriage components such as track shoes, cutting edges, links, and rollers. In its second- largest segment, the company produces general steel sections, deformed and flat bars, mast rail sections for forklifts, and universal mill plates.
73GF Score
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