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Neste OYJNTOIF 74 Debt-to-Equity is 0.68 as of Mar. 2026, which is 119% above its 10-year median of 0.31. GuruFocus rates NTOIF with a GF Score™ of 74/100 and a GF Value™ of $21.08 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 796 Oil & Gas companies, Neste OYJ ranks worse than 60.68% 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 Neste OYJ's Debt-to-Equity or its related term are showing as below:
NTOIF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.31 Max: 0.77
Current: 0.68
During the past 13 years, the highest Debt-to-Equity Ratio of Neste OYJ was 0.77. The lowest was 0.20. And the median was 0.31.
NTOIF's Debt-to-Equity is ranked worse than 60.68% of 796
companies
in the Oil & Gas industry
Industry Median: 0.465
vs NTOIF: 0.68
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.
Neste OYJ Debt-to-Equity Related Terms
Neste OYJ Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Neste OYJ'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 Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.
Neste OYJ Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Neste OYJ's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Neste OYJ'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.
Neste OYJ (NTOIF) has a Debt-to-Equity of 0.68 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Neste OYJ and its competitors. This is 119% above median its historical median of 0.31. Over the past decade, Neste OYJ's Debt-to-Equity has ranged from 0.20 to 0.77. According to the industry distribution chart, Neste OYJ ranks #483 out of 796 companies in the Oil & Gas industry, placing it in the top 60.7%.
Is Neste OYJ's Debt-to-Equity too high?
Neste OYJ's current Debt-to-Equity of 0.68 is 119% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.77. The Oil & Gas industry median Debt-to-Equity is 0.47. Neste OYJ's value of 0.68 is 46.2% above this industry median. Based on the distribution chart, Neste OYJ ranks #483 out of 796 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Neste OYJ has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neste OYJ's Debt-to-Equity compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Neste OYJ ranks #483 out of 796 companies for Debt-to-Equity. This places Neste OYJ in the lower half of its industry. The industry median Debt-to-Equity is 0.47. Neste OYJ's value of 0.68 is 46.2% above this benchmark. Historically, Neste OYJ's own Debt-to-Equity has ranged from 0.20 to 0.77 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.47, Neste OYJ 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 Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.47, based on 796 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. Neste OYJ's current Debt-to-Equity of 0.68 is 46.2% 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 Neste OYJ and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neste OYJ's current Debt-to-Equity is 0.68, which is 119% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neste OYJ stock overvalued right now?
Based on GuruFocus' analysis, Neste OYJ (NTOIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.08, compared to a current price of $33.86 — trading 60.6% above its estimated fair value. The current Debt-to-Equity is 0.68, which is 119% above median its 10-year median of 0.31 and 46.2% above the Oil & Gas industry median of 0.47. Neste OYJ's overall GF Score™ is 74/100 with 10 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 Neste OYJ (NTOIF), the current Debt-to-Equity is 0.68 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 Neste OYJ (NTOIF) Overvalued in 2026?
Based on GuruFocus' analysis, Neste OYJ stock appears to be overvalued.
The current stock price of $33.86 is trading 60.6% above its estimated GF Value™ of $21.08.
GuruFocus considers Neste OYJ to be Significantly Overvalued.
Key valuation signals for NTOIF:
Debt-to-Equity: 0.68 (119% above median its 10-year median of 0.31)
GF Value™: $21.08 vs. price of $33.86 (60.6% above fair value)
Industry Position: 46.2% above the Oil & Gas median (#483 of 796)
No single metric tells the full story. See the NTOIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neste OYJ is a producer of renewable diesel and sustainable aviation fuel (SAF), with production on three continents. The group also produces oil products and has a network of several fuel stations with expanding service offerings, such as EV charging, in Finland and in the Baltics. Neste has three reporting segments: Renewable Products, Oil Products, and Marketing and Services. Maximum revenue is generated from its Oil Products segment, which offers oil products and related services for the road transportation, heavy machinery, agriculture, aviation, and marine sectors, as well as products for the oil and petrochemical industries. Geographically, the group generates maximum revenue from other European countries (excluding Finland), followed by Finland, the USA, and other markets.
74GF Score
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