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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 Sprott Physical Gold Trust's Debt-to-Equity or its related term are showing as below:
PHYS's Debt-to-Equity is not ranked *
in the Asset Management industry.
Industry Median: 0.21 * Ranked among companies with meaningful Debt-to-Equity only.
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.
Sprott Physical Gold Trust Debt-to-Equity Related Terms
Sprott Physical Gold Trust 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.
For the Asset Management subindustry, Sprott Physical Gold Trust'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.
Sprott Physical Gold Trust Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Sprott Physical Gold Trust's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Sprott Physical Gold Trust'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.
Sprott Physical Gold Trust (PHYS) has a Debt-to-Equity of 0.00 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sprott Physical Gold Trust and its competitors. According to the industry distribution chart, Sprott Physical Gold Trust ranks #999999 out of 952 companies in the Asset Management industry.
Is Sprott Physical Gold Trust's Debt-to-Equity too high?
Sprott Physical Gold Trust's current Debt-to-Equity is 0.00. Based on the distribution chart, Sprott Physical Gold Trust ranks #999999 out of 952 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Sprott Physical Gold Trust has a GF Score™ of 37/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sprott Physical Gold Trust's Debt-to-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Sprott Physical Gold Trust ranks #999999 out of 952 companies for Debt-to-Equity. This places Sprott Physical Gold Trust in the lower half of its industry. The industry median Debt-to-Equity is 0.21. 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 an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 952 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. 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 Sprott Physical Gold Trust and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sprott Physical Gold Trust's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sprott Physical Gold Trust stock overvalued right now?
Based on GuruFocus' analysis, Sprott Physical Gold Trust (PHYS) is currently considered Possible Value Trap. The stock's GF Value™ is $70.96, compared to a current price of $33.58 — trading 52.7% below its estimated fair value. The current Debt-to-Equity is 0.00. Sprott Physical Gold Trust's overall GF Score™ is 37/100 with 6 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 Sprott Physical Gold Trust (PHYS), the current Debt-to-Equity is 0.00 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 Sprott Physical Gold Trust (PHYS) Overvalued in 2026?
Based on GuruFocus' analysis, Sprott Physical Gold Trust stock appears to be undervalued.
The current stock price of $33.58 is trading 52.7% below its estimated GF Value™ of $70.96.
GuruFocus considers Sprott Physical Gold Trust to be Possible Value Trap.
Key valuation signals for PHYS:
Debt-to-Equity: 0.00
GF Value™: $70.96 vs. price of $33.58 (52.7% below fair value)
No single metric tells the full story. See the PHYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sprott Physical Gold Trust is a closed-end mutual fund trust. The company provides a secure, convenient and exchange-traded investment alternative for investors interested in holding physical gold bullion without the inconvenience associated with direct investment in physical gold bullion. The company invests mainly in long-term holdings of unencumbered, fully allocated, physical gold bullion and does not and will not speculate about short-term changes in gold prices.
37GF Score
Get the complete analysis for PHYS
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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