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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 Nordic Technology Group AS's Debt-to-Equity or its related term are showing as below:
OSL:NTG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.19 Max: 0.56
Current: 0.31
During the past 5 years, the highest Debt-to-Equity Ratio of Nordic Technology Group AS was 0.56. The lowest was 0.05. And the median was 0.19.
OSL:NTG's Debt-to-Equity is ranked worse than 52.82% of 2232
companies
in the Hardware industry
Industry Median: 0.28
vs OSL:NTG: 0.31
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.
Nordic Technology Group AS Debt-to-Equity Related Terms
Nordic Technology Group AS Debt-to-Equity Historical Data
* 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.
OSL:NTG vs GRMN, COHR, KEYS: Debt-to-Equity Comparison
For the Scientific & Technical Instruments subindustry, Nordic Technology Group AS'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.
Nordic Technology Group AS Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Nordic Technology Group AS's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nordic Technology Group AS'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.
Nordic Technology Group AS (OSL:NTG) has a Debt-to-Equity of 0.31 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nordic Technology Group AS and its competitors. This is 63% above median its historical median of 0.19. Over the past decade, Nordic Technology Group AS's Debt-to-Equity has ranged from 0.05 to 0.56. According to the industry distribution chart, Nordic Technology Group AS ranks #1179 out of 2232 companies in the Hardware industry, placing it in the top 52.8%.
Is Nordic Technology Group AS's Debt-to-Equity too high?
Nordic Technology Group AS's current Debt-to-Equity of 0.31 is 63% above median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.56. The Hardware industry median Debt-to-Equity is 0.28. Nordic Technology Group AS's value of 0.31 is 10.7% above this industry median. Based on the distribution chart, Nordic Technology Group AS ranks #1179 out of 2232 companies in the Hardware industry, which is below the industry midpoint. Overall, Nordic Technology Group AS has a GF Score™ of 37/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nordic Technology Group AS's Debt-to-Equity compare to GRMN and COHR?
According to the Hardware industry distribution chart, Nordic Technology Group AS ranks #1179 out of 2232 companies for Debt-to-Equity. This places Nordic Technology Group AS in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Nordic Technology Group AS's value of 0.31 is 10.7% above this benchmark. Historically, Nordic Technology Group AS's own Debt-to-Equity has ranged from 0.05 to 0.56 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.28, Nordic Technology Group AS 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.28, based on 2,232 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. Nordic Technology Group AS's current Debt-to-Equity of 0.31 is 10.7% 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 Nordic Technology Group AS 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. Nordic Technology Group AS's current Debt-to-Equity is 0.31, which is 63% above median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordic Technology Group AS stock overvalued right now?
Based on GuruFocus' analysis, Nordic Technology Group AS (OSL:NTG) is currently considered Fairly Valued. The stock's GF Value™ is kr1.30, compared to a current price of kr1.20 — trading 7.7% below its estimated fair value. The current Debt-to-Equity is 0.31, which is 63% above median its 10-year median of 0.19 and 10.7% above the Hardware industry median of 0.28. Nordic Technology Group AS's overall GF Score™ is 37/100 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 Nordic Technology Group AS (OSL:NTG), the current Debt-to-Equity is 0.31 as of Jun. 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 Nordic Technology Group AS (OSL:NTG) Overvalued in 2026?
Based on GuruFocus' analysis, Nordic Technology Group AS stock appears to be undervalued.
The current stock price of kr1.20 is trading 7.7% below its estimated GF Value™ of kr1.30.
GuruFocus considers Nordic Technology Group AS to be Fairly Valued.
Key valuation signals for OSL:NTG:
Debt-to-Equity: 0.31 (63% above median its 10-year median of 0.19)
GF Value™: kr1.30 vs. price of kr1.20 (7.7% below fair value)
Industry Position: 10.7% above the Hardware median (#1179 of 2232)
No single metric tells the full story. See the OSL:NTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nordic Technology Group AS was founded with the primary purpose of acquiring selected companies distinguished by patented products and solutions developed through extensive periods of concept development, product design, testing, qualification, certification, and market acceptance. It is organized into two business areas: sensor technology, and clean technology. The Group generates revenues from Norway, with additional revenues from Europe and other countries.
37GF Score
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