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Pony AIPONY -1.01%13 Debt-to-Equity is 0.01 as of Mar. 2026, which is 50% below its 10-year median of 0.02. GuruFocus rates PONY with a GF Score™ of 13/100. The stock has 2 warning signs investors should review. Among 2,244 Software companies, Pony AI ranks better than 99.96% 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 Pony AI's Debt-to-Equity or its related term are showing as below:
PONY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.02
Current: 0.01
During the past 5 years, the highest Debt-to-Equity Ratio of Pony AI was 0.02. The lowest was 0.01. And the median was 0.02.
PONY's Debt-to-Equity is ranked better than 99.96% of 2244
companies
in the Software industry
Industry Median: 0.19
vs PONY: 0.01
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.
Pony AI Debt-to-Equity Related Terms
Pony AI Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Pony AI'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.
For the Information Technology Services subindustry, Pony AI'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.
Pony AI Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Pony AI's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Pony AI'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.
Pony AI (PONY) has a Debt-to-Equity of 0.01 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pony AI and its competitors. This is 50% below median its historical median of 0.02. Over the past decade, Pony AI's Debt-to-Equity has ranged from 0.01 to 0.02. According to the industry distribution chart, Pony AI ranks #1 out of 2244 companies in the Software industry, placing it in the top 0%.
Is Pony AI's Debt-to-Equity too high?
Pony AI's current Debt-to-Equity of 0.01 is 50% below median its 10-year median of 0.02. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.02. The Software industry median Debt-to-Equity is 0.19. Pony AI's value of 0.01 is 94.7% below this industry median. Based on the distribution chart, Pony AI ranks #1 out of 2244 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Pony AI has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Pony AI's Debt-to-Equity compare to PENG and CHRN?
According to the Software industry distribution chart, Pony AI ranks #1 out of 2244 companies for Debt-to-Equity. This places Pony AI in the top 0% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.19. Pony AI's value of 0.01 is 94.7% below this benchmark. Historically, Pony AI's own Debt-to-Equity has ranged from 0.01 to 0.02 over the past decade. While the company's 10-year median is 0.02 vs. the industry median of 0.19, Pony AI 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 Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,244 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. Pony AI's current Debt-to-Equity of 0.01 is 94.7% 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 Pony AI and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pony AI's current Debt-to-Equity is 0.01, which is 50% below 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 Pony AI stock overvalued right now?
Pony AI (PONY) has a current Debt-to-Equity of 0.01. The current Debt-to-Equity is 0.01, which is 50% below median its 10-year median of 0.02 and 94.7% below the Software industry median of 0.19. Pony AI's overall GF Score™ is 13/100 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 Pony AI (PONY), the current Debt-to-Equity is 0.01 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.
Pony AI Inc is an artificial intelligence technology company that is principally engaged in the operation and development of autonomous vehicles. It operates fully driverless robotaxis through the PonyPilot mobile app in Beijing, Shanghai, Guangzhou, and Shenzhen. The company operates a fleet of robotaxis. The Group conducts its operations mainly in the People's Republic of China (PRC) and the United States of America (U.S.) through subsidiaries. Key revenue is generated from the Peoples Republic of China.
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