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Techstep ASAOSL:TECH -5.74%39 Debt-to-Equity is 0.21 as of Mar. 2026, which is 34% below its 10-year median of 0.32. GuruFocus rates OSL:TECH with a GF Score™ of 39/100 and a GF Value™ of kr9.36 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,219 Hardware companies, Techstep ASA ranks better than 57.64% 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 Techstep ASA's Debt-to-Equity or its related term are showing as below:
OSL:TECH'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.32 Max: 0.58
Current: 0.21
During the past 13 years, the highest Debt-to-Equity Ratio of Techstep ASA was 0.58. The lowest was 0.12. And the median was 0.32.
OSL:TECH's Debt-to-Equity is ranked better than 57.64% of 2219
companies
in the Hardware industry
Industry Median: 0.27
vs OSL:TECH: 0.21
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.
Techstep ASA Debt-to-Equity Related Terms
Techstep ASA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Techstep ASA'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.
OSL:TECH vs CSCO, MSI, HPE: Debt-to-Equity Comparison
For the Communication Equipment subindustry, Techstep ASA'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.
Techstep ASA Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Techstep ASA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Techstep ASA'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.
Techstep ASA (OSL:TECH) has a Debt-to-Equity of 0.21 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Techstep ASA and its competitors. This is 34% below median its historical median of 0.32. Over the past decade, Techstep ASA's Debt-to-Equity has ranged from 0.12 to 0.58. According to the industry distribution chart, Techstep ASA ranks #940 out of 2219 companies in the Hardware industry, placing it in the top 42.4%.
Is Techstep ASA's Debt-to-Equity too high?
Techstep ASA's current Debt-to-Equity of 0.21 is 34% below median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.58. The Hardware industry median Debt-to-Equity is 0.27. Techstep ASA's value of 0.21 is 22.2% below this industry median. Based on the distribution chart, Techstep ASA ranks #940 out of 2219 companies in the Hardware industry, which is above the industry midpoint. Overall, Techstep ASA has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Techstep ASA's Debt-to-Equity compare to CSCO and MSI?
According to the Hardware industry distribution chart, Techstep ASA ranks #940 out of 2219 companies for Debt-to-Equity. This puts Techstep ASA in the upper half of its industry. The industry median Debt-to-Equity is 0.27. Techstep ASA's value of 0.21 is 22.2% below this benchmark. Historically, Techstep ASA's own Debt-to-Equity has ranged from 0.12 to 0.58 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.27, Techstep ASA 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 0.27, based on 2,219 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. Techstep ASA's current Debt-to-Equity of 0.21 is 22.2% 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 Techstep ASA and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techstep ASA's current Debt-to-Equity is 0.21, which is 34% below median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techstep ASA stock overvalued right now?
Based on GuruFocus' analysis, Techstep ASA (OSL:TECH) is currently considered Possible Value Trap. The stock's GF Value™ is kr9.36, compared to a current price of kr2.30 — trading 75.4% below its estimated fair value. The current Debt-to-Equity is 0.21, which is 34% below median its 10-year median of 0.32 and 22.2% below the Hardware industry median of 0.27. Techstep ASA's overall GF Score™ is 39/100 with 5 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 Techstep ASA (OSL:TECH), the current Debt-to-Equity is 0.21 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 Techstep ASA (OSL:TECH) Overvalued in 2026?
Based on GuruFocus' analysis, Techstep ASA stock appears to be undervalued.
The current stock price of kr2.30 is trading 75.4% below its estimated GF Value™ of kr9.36.
GuruFocus considers Techstep ASA to be Possible Value Trap.
Key valuation signals for OSL:TECH:
Debt-to-Equity: 0.21 (34% below median its 10-year median of 0.32)
GF Value™: kr9.36 vs. price of kr2.30 (75.4% below fair value)
Industry Position: 22.2% below the Hardware median (#940 of 2219)
No single metric tells the full story. See the OSL:TECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techstep ASA is a Nordic enabler of the mobile workplace, delivering a full range of devices and services to facilitate mobile workplaces. The company bundles mobile devices, software, information security, and expertise for its customers. Its Device Lifecycle Management Platform enables IT vendors to scale and optimise their Device-as-a-Service business, enhancing efficiency, control, and user experience at every lifecycle stage. In addition, the company offers various workplace devices and services such as mobile devices and accessories, laptops, device management and security services, and others. A majority of its revenue is generated from the provision of workplace devices for its clients. Geographically, it derives maximum revenue from Norway, followed by Sweden, Denmark, and Poland.
39GF Score
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