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Puma SEPMMAF 75 Debt-to-Equity is 1.54 as of Mar. 2026, which is 221% above its 10-year median of 0.48. GuruFocus rates PMMAF with a GF Score™ of 75/100 and a GF Value™ of $37.40 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 936 Manufacturing - Apparel & Accessories companies, Puma SE ranks worse than 88.14% 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 Puma SE's Debt-to-Equity or its related term are showing as below:
PMMAF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.48 Max: 1.54
Current: 1.54
During the past 13 years, the highest Debt-to-Equity Ratio of Puma SE was 1.54. The lowest was 0.02. And the median was 0.48.
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.
Puma SE Debt-to-Equity Related Terms
Puma SE Debt-to-Equity Historical Data
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The historical data trend for Puma SE'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.
PMMAF vs NKE, DECK, ONON: Debt-to-Equity Comparison
For the Footwear & Accessories subindustry, Puma SE'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.
Puma SE Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Puma SE's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Puma SE'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.
Puma SE (PMMAF) has a Debt-to-Equity of 1.54 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Puma SE and its competitors. This is 221% above median its historical median of 0.48. Over the past decade, Puma SE's Debt-to-Equity has ranged from 0.02 to 1.54. According to the industry distribution chart, Puma SE ranks #825 out of 936 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 88.1%.
Is Puma SE's Debt-to-Equity too high?
Puma SE's current Debt-to-Equity of 1.54 is 221% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 1.54. The Manufacturing - Apparel & Accessories industry median Debt-to-Equity is 0.43. Puma SE's value of 1.54 is 258.1% above this industry median. Based on the distribution chart, Puma SE ranks #825 out of 936 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Puma SE has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Puma SE's Debt-to-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Puma SE ranks #825 out of 936 companies for Debt-to-Equity. This places Puma SE in the lower half of its industry. The industry median Debt-to-Equity is 0.43. Puma SE's value of 1.54 is 258.1% above this benchmark. Historically, Puma SE's own Debt-to-Equity has ranged from 0.02 to 1.54 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.43, Puma SE 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.43, based on 936 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. Puma SE's current Debt-to-Equity of 1.54 is 258.1% 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 Puma SE and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Puma SE's current Debt-to-Equity is 1.54, which is 221% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Puma SE stock overvalued right now?
Based on GuruFocus' analysis, Puma SE (PMMAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $37.40, compared to a current price of $33.00 — trading 11.8% below its estimated fair value. The current Debt-to-Equity is 1.54, which is 221% above median its 10-year median of 0.48 and 258.1% above the Manufacturing - Apparel & Accessories industry median of 0.43. Puma SE's overall GF Score™ is 75/100 with 8 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 Puma SE (PMMAF), the current Debt-to-Equity is 1.54 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 Puma SE (PMMAF) Overvalued in 2026?
Based on GuruFocus' analysis, Puma SE stock appears to be undervalued.
The current stock price of $33.00 is trading 11.8% below its estimated GF Value™ of $37.40.
GuruFocus considers Puma SE to be Modestly Undervalued.
Key valuation signals for PMMAF:
Debt-to-Equity: 1.54 (221% above median its 10-year median of 0.48)
GF Value™: $37.40 vs. price of $33.00 (11.8% below fair value)
Industry Position: 258.1% above the Manufacturing - Apparel & Accessories median (#825 of 936)
No single metric tells the full story. See the PMMAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Puma designs and markets footwear, apparel, and accessories under its own name and golf clubs and golf accessories under the Cobra Golf name. Footwear (56% of 2025 sales) is its largest category, followed by apparel (32%) and accessories (12%). Puma also licenses its name for fragrances, eyewear, and watches. Most of its sales are through wholesale partners (68% of 2025 sales), with the rest through approximately 1,000 owned retail and outlet stores and online channels. The company's products are sold in Europe, the Middle East, and Africa (43% of 2025 sales), the Americas (35%), and Asia-Pacific (22%). China-based competitor Anta is in the process of acquiring 29% of Puma's outstanding shares.
75GF Score
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