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Oji HoldingsOJIPF 62 Debt-to-Equity is 0.87 as of Mar. 2026, which is 2% above its 10-year median of 0.85. GuruFocus rates OJIPF with a GF Score™ of 62/100 and a GF Value™ of $5.01. The stock has 7 warning signs investors should review. Among 256 Forest Products companies, Oji Holdings ranks worse than 73.44% 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 Oji Holdings's Debt-to-Equity or its related term are showing as below:
OJIPF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 0.85 Max: 1.08
Current: 0.87
During the past 13 years, the highest Debt-to-Equity Ratio of Oji Holdings was 1.08. The lowest was 0.69. And the median was 0.85.
OJIPF's Debt-to-Equity is ranked worse than 73.44% of 256
companies
in the Forest Products industry
Industry Median: 0.48
vs OJIPF: 0.87
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.
Oji Holdings Debt-to-Equity Related Terms
Oji Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Oji Holdings'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 Paper & Paper Products subindustry, Oji Holdings'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.
Oji Holdings Debt-to-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Oji Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Oji Holdings'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.
Oji Holdings (OJIPF) has a Debt-to-Equity of 0.87 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Oji Holdings and its competitors. This is near median its historical median of 0.85. Over the past decade, Oji Holdings' Debt-to-Equity has ranged from 0.69 to 1.08. According to the industry distribution chart, Oji Holdings ranks #188 out of 256 companies in the Forest Products industry, placing it in the top 73.4%.
Is Oji Holdings' Debt-to-Equity too high?
Oji Holdings' current Debt-to-Equity of 0.87 is near median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.08. The Forest Products industry median Debt-to-Equity is 0.48. Oji Holdings' value of 0.87 is 81.3% above this industry median. Based on the distribution chart, Oji Holdings ranks #188 out of 256 companies in the Forest Products industry, which is below the industry midpoint. Overall, Oji Holdings has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Oji Holdings' Debt-to-Equity compare to competitors?
According to the Forest Products industry distribution chart, Oji Holdings ranks #188 out of 256 companies for Debt-to-Equity. This places Oji Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.48. Oji Holdings' value of 0.87 is 81.3% above this benchmark. Historically, Oji Holdings' own Debt-to-Equity has ranged from 0.69 to 1.08 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.48, Oji Holdings 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 a Forest Products company?
The median Debt-to-Equity among Forest Products companies is 0.48, based on 256 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. Oji Holdings's current Debt-to-Equity of 0.87 is 81.3% 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 Oji Holdings and its competitors. For the Forest Products industry, the median Debt-to-Equity is 0.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oji Holdings's current Debt-to-Equity is 0.87, which is near median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oji Holdings stock overvalued right now?
Oji Holdings (OJIPF) has a current Debt-to-Equity of 0.87. The stock's GF Value™ is $5.01, compared to a current price of $5.80 — trading 15.8% above its estimated fair value. The current Debt-to-Equity is 0.87, which is near median its 10-year median of 0.85 and 81.3% above the Forest Products industry median of 0.48. Oji Holdings' overall GF Score™ is 62/100 with 7 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 Oji Holdings (OJIPF), the current Debt-to-Equity is 0.87 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 Oji Holdings (OJIPF) Overvalued in 2026?
Based on GuruFocus' analysis, Oji Holdings stock appears to be overvalued.
The current stock price of $5.80 is trading 15.8% above its estimated GF Value™ of $5.01.
Key valuation signals for OJIPF:
Debt-to-Equity: 0.87 (near median its 10-year median of 0.85)
GF Value™: $5.01 vs. price of $5.80 (15.8% above fair value)
Industry Position: 81.3% above the Forest Products median (#188 of 256)
No single metric tells the full story. See the OJIPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oji Holdings Corp through its group companies, is engaged in the production and distribution of pulp, paper products, and converted paper products. The company operates through five segments. The Functional Materials segment covers specialty paper, thermal paper, adhesives, and films. The Living and Industrial Materials segment includes corrugated base paper, paperboard, packaging paper, household paper, and disposable diapers. The Print Information Media segment engages in newsprint, printing, publishing, and information paper. The Resource and Environmental Business segment spans pulp, energy, afforestation, and wood processing. The Others segment comprises trading, eco-friendly packaging, logistics, engineering, real estate, and liquid cartons.
62GF Score
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