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poLight ASAOSTO:PLTO 44 Debt-to-Equity is 0.03 as of Mar. 2026, which is 50% above its 10-year median of 0.02. GuruFocus rates OSTO:PLTO with a GF Score™ of 44/100 and a GF Value™ of kr2.47. The stock has 2 warning signs investors should review. Among 2,217 Hardware companies, poLight ASA ranks better than 89.94% 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 poLight ASA's Debt-to-Equity or its related term are showing as below:
OSTO:PLTo'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.06
Current: 0.03
During the past 12 years, the highest Debt-to-Equity Ratio of poLight ASA was 0.06. The lowest was 0.00. And the median was 0.02.
OSTO:PLTo's Debt-to-Equity is ranked better than 89.94% of 2217
companies
in the Hardware industry
Industry Median: 0.27
vs OSTO:PLTo: 0.03
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.
poLight ASA Debt-to-Equity Related Terms
poLight ASA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for poLight 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.
OSTO:PLTO vs APH, GLW, TEL: Debt-to-Equity Comparison
For the Electronic Components subindustry, poLight 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.
poLight ASA Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, poLight ASA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where poLight 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.
poLight ASA (OSTO:PLTO) has a Debt-to-Equity of 0.03 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on poLight ASA and its competitors. This is 50% above median its historical median of 0.02. According to the industry distribution chart, poLight ASA ranks #223 out of 2217 companies in the Hardware industry, placing it in the top 10.1%.
Is poLight ASA's Debt-to-Equity too high?
poLight ASA's current Debt-to-Equity of 0.03 is 50% above median its 10-year median of 0.02. The Hardware industry median Debt-to-Equity is 0.27. poLight ASA's value of 0.03 is 88.9% below this industry median. Based on the distribution chart, poLight ASA ranks #223 out of 2217 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, poLight ASA has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does poLight ASA's Debt-to-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, poLight ASA ranks #223 out of 2217 companies for Debt-to-Equity. This places poLight ASA in the top 10% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.27. poLight ASA's value of 0.03 is 88.9% below this benchmark. While the company's 10-year median is 0.02 vs. the industry median of 0.27, poLight 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 2,217 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. poLight ASA's current Debt-to-Equity of 0.03 is 88.9% 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 poLight 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. poLight ASA's current Debt-to-Equity is 0.03, which is 50% above median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is poLight ASA stock overvalued right now?
poLight ASA (OSTO:PLTO) has a current Debt-to-Equity of 0.03. The stock's GF Value™ is kr2.47, compared to a current price of kr5.98 — trading 142.2% above its estimated fair value. The current Debt-to-Equity is 0.03, which is 50% above median its 10-year median of 0.02 and 88.9% below the Hardware industry median of 0.27. poLight ASA's overall GF Score™ is 44/100 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 poLight ASA (OSTO:PLTO), the current Debt-to-Equity is 0.03 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 poLight ASA (OSTO:PLTO) Overvalued in 2026?
Based on GuruFocus' analysis, poLight ASA stock appears to be overvalued.
The current stock price of kr5.98 is trading 142.2% above its estimated GF Value™ of kr2.47.
Key valuation signals for OSTO:PLTO:
Debt-to-Equity: 0.03 (50% above median its 10-year median of 0.02)
GF Value™: kr2.47 vs. price of kr5.98 (142.2% above fair value)
Industry Position: 88.9% below the Hardware median (#223 of 2217)
No single metric tells the full story. See the OSTO:PLTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
poLight ASA provides photographic lenses used in cameras for smartphones, wearables such as watches and glasses, and industrial applications including medical and retail. The company specializes in optics, polymers, micro-electromechanical systems technology, and image application and processing. Its products include Driver ASIC and TLens. The Group has only one operating segment the TLens technology platform. Its geographical segments are the United States, Asia, and Europe.
44GF Score
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