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OkayaNGO:7485 +1.20%79 Debt-to-Equity is 0.32 as of Feb. 2026, which is 35% below its 10-year median of 0.49. GuruFocus rates NGO:7485 with a GF Score™ of 79/100 and a GF Value™ of 円3,803.89 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 549 Steel companies, Okaya ranks better than 56.47% 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 Okaya's Debt-to-Equity or its related term are showing as below:
NGO:7485'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.49 Max: 0.61
Current: 0.35
During the past 13 years, the highest Debt-to-Equity Ratio of Okaya was 0.61. The lowest was 0.32. And the median was 0.49.
NGO:7485's Debt-to-Equity is ranked better than 56.47% of 549
companies
in the Steel industry
Industry Median: 0.41
vs NGO:7485: 0.35
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.
Okaya Debt-to-Equity Related Terms
Okaya Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Okaya'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:7485 vs NUE, STLD, RS: Debt-to-Equity Comparison
For the Steel subindustry, Okaya'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.
Okaya Debt-to-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Okaya's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Okaya'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.
Okaya (NGO:7485) has a Debt-to-Equity of 0.32 as of Feb. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Okaya and its competitors. This is 35% below median its historical median of 0.49. Over the past decade, Okaya's Debt-to-Equity has ranged from 0.32 to 0.61. According to the industry distribution chart, Okaya ranks #239 out of 549 companies in the Steel industry, placing it in the top 43.5%.
Is Okaya's Debt-to-Equity too high?
Okaya's current Debt-to-Equity of 0.32 is 35% below median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.61. The Steel industry median Debt-to-Equity is 0.41. Okaya's value of 0.32 is 22% below this industry median. Based on the distribution chart, Okaya ranks #239 out of 549 companies in the Steel industry, which is above the industry midpoint. Overall, Okaya has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Okaya's Debt-to-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Okaya ranks #239 out of 549 companies for Debt-to-Equity. This puts Okaya in the upper half of its industry. The industry median Debt-to-Equity is 0.41. Okaya's value of 0.32 is 22% below this benchmark. Historically, Okaya's own Debt-to-Equity has ranged from 0.32 to 0.61 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.41, Okaya 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 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. Okaya's current Debt-to-Equity of 0.32 is 22% 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 Okaya 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. Okaya's current Debt-to-Equity is 0.32, which is 35% below median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okaya stock overvalued right now?
Based on GuruFocus' analysis, Okaya (NGO:7485) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,803.89, compared to a current price of 円5,080.00 — trading 33.5% above its estimated fair value. The current Debt-to-Equity is 0.32, which is 35% below median its 10-year median of 0.49 and 22% below the Steel industry median of 0.41. Okaya's overall GF Score™ is 79/100 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 Okaya (NGO:7485), the current Debt-to-Equity is 0.32 as of Feb. 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 Okaya (NGO:7485) Overvalued in 2026?
Based on GuruFocus' analysis, Okaya stock appears to be overvalued.
The current stock price of 円5,080.00 is trading 33.5% above its estimated GF Value™ of 円3,803.89.
GuruFocus considers Okaya to be Significantly Overvalued.
Key valuation signals for NGO:7485:
Debt-to-Equity: 0.32 (35% below median its 10-year median of 0.49)
GF Value™: 円3,803.89 vs. price of 円5,080.00 (33.5% above fair value)
Industry Position: 22% below the Steel median (#239 of 549)
No single metric tells the full story. See the NGO:7485 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Okaya & Co Ltd is a Japan-based trading company. It is engaged in the businesses of iron and steel; information and electronics; industrial machinery and materials; and living-related products. Its products include iron and steel, special steel, non-ferrous metals, electrical and electronic parts, chemical products, machinery and tools, piping and housing equipment, construction-related items, and food products.
79GF Score
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