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Onward Holdings CoOKASY 78 Debt-to-Equity is 0.53 as of Feb. 2026, which is at its 10-year median of 0.53. GuruFocus rates OKASY with a GF Score™ of 78/100 and a GF Value™ of $46.96. The stock has 2 warning signs investors should review. Among 936 Manufacturing - Apparel & Accessories companies, Onward Holdings Co ranks worse than 55.02% 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 Onward Holdings Co's Debt-to-Equity or its related term are showing as below:
OKASY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.53 Max: 1.61
Current: 0.5
During the past 13 years, the highest Debt-to-Equity Ratio of Onward Holdings Co was 1.61. The lowest was 0.28. And the median was 0.53.
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.
Onward Holdings Co Debt-to-Equity Related Terms
Onward Holdings Co Debt-to-Equity Historical Data
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The historical data trend for Onward Holdings Co'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 Apparel Manufacturing subindustry, Onward Holdings Co'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.
Onward Holdings Co Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Onward Holdings Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Onward Holdings Co'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.
Onward Holdings Co (OKASY) has a Debt-to-Equity of 0.53 as of Feb. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Onward Holdings Co and its competitors. This is near median its historical median of 0.53. Over the past decade, Onward Holdings Co's Debt-to-Equity has ranged from 0.28 to 1.61. According to the industry distribution chart, Onward Holdings Co ranks #515 out of 936 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 55%.
Is Onward Holdings Co's Debt-to-Equity too high?
Onward Holdings Co's current Debt-to-Equity of 0.53 is near median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.61. The Manufacturing - Apparel & Accessories industry median Debt-to-Equity is 0.43. Onward Holdings Co's value of 0.53 is 23.3% above this industry median. Based on the distribution chart, Onward Holdings Co ranks #515 out of 936 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Onward Holdings Co has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Onward Holdings Co's Debt-to-Equity compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Onward Holdings Co ranks #515 out of 936 companies for Debt-to-Equity. This places Onward Holdings Co in the lower half of its industry. The industry median Debt-to-Equity is 0.43. Onward Holdings Co's value of 0.53 is 23.3% above this benchmark. Historically, Onward Holdings Co's own Debt-to-Equity has ranged from 0.28 to 1.61 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.43, Onward Holdings Co 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.43, based on 936 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. Onward Holdings Co's current Debt-to-Equity of 0.53 is 23.3% 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 Onward Holdings Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Holdings Co's current Debt-to-Equity is 0.53, which is near median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Holdings Co stock overvalued right now?
Onward Holdings Co (OKASY) has a current Debt-to-Equity of 0.53. The stock's GF Value™ is $46.96, compared to a current price of $50.00 — trading 6.5% above its estimated fair value. The current Debt-to-Equity is 0.53, which is near median its 10-year median of 0.53 and 23.3% above the Manufacturing - Apparel & Accessories industry median of 0.43. Onward Holdings Co's overall GF Score™ is 78/100 with 2 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 Onward Holdings Co (OKASY), the current Debt-to-Equity is 0.53 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 Onward Holdings Co (OKASY) Overvalued in 2026?
Based on GuruFocus' analysis, Onward Holdings Co stock appears to be overvalued.
The current stock price of $50.00 is trading 6.5% above its estimated GF Value™ of $46.96.
Key valuation signals for OKASY:
Debt-to-Equity: 0.53 (near median its 10-year median of 0.53)
GF Value™: $46.96 vs. price of $50.00 (6.5% above fair value)
Industry Position: 23.3% above the Manufacturing - Apparel & Accessories median (#515 of 936)
No single metric tells the full story. See the OKASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three-fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three-fourths of Onward's sales are in Japan, and the majority of the company's remaining sales are in Europe. The company manufactures its products mainly in China.
78GF Score
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