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Frog InnovationsNSE:FROG +1.99%70 Debt-to-Equity is 0.08 as of Sep. 2025, which is 11% below its 10-year median of 0.09. GuruFocus rates NSE:FROG with a GF Score™ of 70/100 and a GF Value™ of ₹352.29 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,224 Hardware companies, Frog Innovations ranks better than 76.03% 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 Frog Innovations's Debt-to-Equity or its related term are showing as below:
NSE:FROG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 0.43
Current: 0.08
During the past 6 years, the highest Debt-to-Equity Ratio of Frog Innovations was 0.43. The lowest was 0.02. And the median was 0.09.
NSE:FROG's Debt-to-Equity is ranked better than 76.03% of 2224
companies
in the Hardware industry
Industry Median: 0.275
vs NSE:FROG: 0.08
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.
Frog Innovations Debt-to-Equity Related Terms
Frog Innovations Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Frog Innovations'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.
NSE:FROG vs CSCO, MSI, HPE: Debt-to-Equity Comparison
For the Communication Equipment subindustry, Frog Innovations'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.
Frog Innovations Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Frog Innovations's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Frog Innovations'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.
Frog Innovations (NSE:FROG) has a Debt-to-Equity of 0.08 as of Sep. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Frog Innovations and its competitors. This is 11% below median its historical median of 0.09. Over the past decade, Frog Innovations' Debt-to-Equity has ranged from 0.02 to 0.43. According to the industry distribution chart, Frog Innovations ranks #533 out of 2224 companies in the Hardware industry, placing it in the top 24%.
Is Frog Innovations' Debt-to-Equity too high?
Frog Innovations' current Debt-to-Equity of 0.08 is 11% below median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.43. The Hardware industry median Debt-to-Equity is 0.28. Frog Innovations' value of 0.08 is 70.9% below this industry median. Based on the distribution chart, Frog Innovations ranks #533 out of 2224 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Frog Innovations has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Frog Innovations' Debt-to-Equity compare to CSCO and MSI?
According to the Hardware industry distribution chart, Frog Innovations ranks #533 out of 2224 companies for Debt-to-Equity. This places Frog Innovations in the top 24% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.28. Frog Innovations' value of 0.08 is 70.9% below this benchmark. Historically, Frog Innovations' own Debt-to-Equity has ranged from 0.02 to 0.43 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 0.28, Frog Innovations 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.28, based on 2,224 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. Frog Innovations's current Debt-to-Equity of 0.08 is 70.9% 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 Frog Innovations and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frog Innovations's current Debt-to-Equity is 0.08, which is 11% below median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frog Innovations stock overvalued right now?
Based on GuruFocus' analysis, Frog Innovations (NSE:FROG) is currently considered Possible Value Trap. The stock's GF Value™ is ₹352.29, compared to a current price of ₹215.40 — trading 38.9% below its estimated fair value. The current Debt-to-Equity is 0.08, which is 11% below median its 10-year median of 0.09 and 70.9% below the Hardware industry median of 0.28. Frog Innovations' overall GF Score™ is 70/100 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 Frog Innovations (NSE:FROG), the current Debt-to-Equity is 0.08 as of Sep. 2025. 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 Frog Innovations (NSE:FROG) Overvalued in 2026?
Based on GuruFocus' analysis, Frog Innovations stock appears to be undervalued.
The current stock price of ₹215.40 is trading 38.9% below its estimated GF Value™ of ₹352.29.
GuruFocus considers Frog Innovations to be Possible Value Trap.
Key valuation signals for NSE:FROG:
Debt-to-Equity: 0.08 (11% below median its 10-year median of 0.09)
GF Value™: ₹352.29 vs. price of ₹215.40 (38.9% below fair value)
Industry Position: 70.9% below the Hardware median (#533 of 2224)
No single metric tells the full story. See the NSE:FROG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frog Innovations Ltd is a company engaged in manufacturing telecom equipment used by telecom operators, especially in Telecom Towers. The company manufactures 2G/3G/4G/5G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeaters, Multi-band Optical DAS systems, relative software, and accessories. The company also offers In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. The company collectively operates only in one business segment manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators. It provides its products and services across Asia, Europe, Africa, and the Middle East.
70GF Score
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