Afry AB (OSTO:AFRY) Debt-to-Equity: 0.57 (As of Jun. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSTO:AFRY Afry AB OSTO:AFRY
80 GF Score
Price kr102.80
GF Value kr147.03
Valuation Possible Value Trap
! 5 Warning Signs
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What is Afry AB Debt-to-Equity?

Afry AB OSTO:AFRY -0.68% 80 Debt-to-Equity is 0.57 as of Jun. 2026, which is at its 10-year median of 0.57. GuruFocus rates OSTO:AFRY with a GF Score™ of 80/100 and a GF Value™ of kr147.03 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,609 Construction companies, Afry AB ranks worse than 59.85% on this metric.

Afry AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr2,019 Mil. Afry AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr5,277 Mil. Afry AB's Total Stockholders Equity for the quarter that ended in Jun. 2026 was kr12,749 Mil. Afry AB's debt to equity for the quarter that ended in Jun. 2026 was 0.57.

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 Afry AB's Debt-to-Equity or its related term are showing as below:

OSTO:AFRY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52   Med: 0.57   Max: 0.83
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Afry AB was 0.83. The lowest was 0.52. And the median was 0.57.

OSTO:AFRY's Debt-to-Equity is ranked worse than
59.85% of 1609 companies
in the Construction industry
Industry Median: 0.41 vs OSTO:AFRY: 0.57

Afry AB  (OSTO:AFRY) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Afry AB Debt-to-Equity Related Terms


Afry AB Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Afry AB'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.

Afry AB Debt-to-Equity Chart

Afry AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.64 0.63 0.55 0.52

Afry AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.56 0.52 0.57 0.57

OSTO:AFRY vs PWR, FIX, EME: Debt-to-Equity Comparison

For the Engineering & Construction subindustry, Afry AB'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.


Afry AB Debt-to-Equity vs Construction Industry

For the Construction industry and Industrials sector, Afry AB's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Afry AB's Debt-to-Equity falls into.


OSTO:AFRY
80GF Score
Afry AB OSTO:AFRY
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Afry AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Afry AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Afry AB's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.57 mean?
Afry AB (OSTO:AFRY) has a Debt-to-Equity of 0.57 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Afry AB and its competitors. This is near median its historical median of 0.57. Over the past decade, Afry AB's Debt-to-Equity has ranged from 0.52 to 0.83. According to the industry distribution chart, Afry AB ranks #963 out of 1609 companies in the Construction industry, placing it in the top 59.9%.
Is Afry AB's Debt-to-Equity too high?
Afry AB's current Debt-to-Equity of 0.57 is near median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 0.83. The Construction industry median Debt-to-Equity is 0.41. Afry AB's value of 0.57 is 39% above this industry median. Based on the distribution chart, Afry AB ranks #963 out of 1609 companies in the Construction industry, which is below the industry midpoint. Overall, Afry AB has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Afry AB's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Afry AB ranks #963 out of 1609 companies for Debt-to-Equity. This places Afry AB in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Afry AB's value of 0.57 is 39% above this benchmark. Historically, Afry AB's own Debt-to-Equity has ranged from 0.52 to 0.83 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.41, Afry AB 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 Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,609 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. Afry AB's current Debt-to-Equity of 0.57 is 39% 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 Afry AB and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afry AB's current Debt-to-Equity is 0.57, which is near median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afry AB stock overvalued right now?
Based on GuruFocus' analysis, Afry AB (OSTO:AFRY) is currently considered Possible Value Trap. The stock's GF Value™ is kr147.03, compared to a current price of kr102.80 — trading 30.1% below its estimated fair value. The current Debt-to-Equity is 0.57, which is near median its 10-year median of 0.57 and 39% above the Construction industry median of 0.41. Afry AB's overall GF Score™ is 80/100 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 Afry AB (OSTO:AFRY), the current Debt-to-Equity is 0.57 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 Afry AB (OSTO:AFRY) Overvalued in 2026?

Based on GuruFocus' analysis, Afry AB stock appears to be undervalued. The current stock price of kr102.80 is trading 30.1% below its estimated GF Value™ of kr147.03. GuruFocus considers Afry AB to be Possible Value Trap.

Key valuation signals for OSTO:AFRY:

  • Debt-to-Equity: 0.57 (near median its 10-year median of 0.57)
  • GF Value™: kr147.03 vs. price of kr102.80 (30.1% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 39% above the Construction median (#963 of 1609)

No single metric tells the full story. See the OSTO:AFRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Afry AB Business Description

Address Frosundaleden 2, Solna, Stockholm, SWE, SE-169 99
Afry AB is an engineering and consulting firm with projects in energy, industrial, and infrastructure markets. The business divisions of the company includes Hydro, Nuclear, Thermal, Transmission & Distribution, Renewables & Energy Storage, and Management Consulting. It constructs plants and provides market analysis for power generation, manufacturing facilities, and refining chemicals.
80GF Score

Get the complete analysis for OSTO:AFRY

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr102.80
Price
kr147.03
GF Value