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Forward Electronics CoROCO:8085 -3.34%49 Debt-to-Equity is 0.83 as of Jun. 2026, which is 34% above its 10-year median of 0.62. GuruFocus rates ROCO:8085 with a GF Score™ of 49/100 and a GF Value™ of NT$28.55 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,232 Hardware companies, Forward Electronics Co ranks worse than 80.2% 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 Forward Electronics Co's Debt-to-Equity or its related term are showing as below:
ROCO:8085'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.62 Max: 1.22
Current: 0.83
During the past 13 years, the highest Debt-to-Equity Ratio of Forward Electronics Co was 1.22. The lowest was 0.37. And the median was 0.62.
ROCO:8085's Debt-to-Equity is ranked worse than 80.2% of 2232
companies
in the Hardware industry
Industry Median: 0.28
vs ROCO:8085: 0.83
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.
Forward Electronics Co Debt-to-Equity Related Terms
Forward Electronics Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Forward Electronics Co'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.
ROCO:8085 vs APH, GLW, TEL: Debt-to-Equity Comparison
For the Electronic Components subindustry, Forward Electronics Co'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.
Forward Electronics Co Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Forward Electronics Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Forward Electronics Co'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.
Forward Electronics Co (ROCO:8085) has a Debt-to-Equity of 0.83 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Forward Electronics Co and its competitors. This is 34% above median its historical median of 0.62. Over the past decade, Forward Electronics Co's Debt-to-Equity has ranged from 0.37 to 1.22. According to the industry distribution chart, Forward Electronics Co ranks #1790 out of 2232 companies in the Hardware industry, placing it in the top 80.2%.
Is Forward Electronics Co's Debt-to-Equity too high?
Forward Electronics Co's current Debt-to-Equity of 0.83 is 34% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 1.22. The Hardware industry median Debt-to-Equity is 0.28. Forward Electronics Co's value of 0.83 is 196.4% above this industry median. Based on the distribution chart, Forward Electronics Co ranks #1790 out of 2232 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Forward Electronics Co has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forward Electronics Co's Debt-to-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Forward Electronics Co ranks #1790 out of 2232 companies for Debt-to-Equity. This places Forward Electronics Co in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Forward Electronics Co's value of 0.83 is 196.4% above this benchmark. Historically, Forward Electronics Co's own Debt-to-Equity has ranged from 0.37 to 1.22 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.28, Forward Electronics Co 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.28, based on 2,232 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. Forward Electronics Co's current Debt-to-Equity of 0.83 is 196.4% 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 Forward Electronics Co and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Electronics Co's current Debt-to-Equity is 0.83, which is 34% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Forward Electronics Co (ROCO:8085) is currently considered Possible Value Trap. The stock's GF Value™ is NT$28.55, compared to a current price of NT$14.45 — trading 49.4% below its estimated fair value. The current Debt-to-Equity is 0.83, which is 34% above median its 10-year median of 0.62 and 196.4% above the Hardware industry median of 0.28. Forward Electronics Co's overall GF Score™ is 49/100 with 4 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 Forward Electronics Co (ROCO:8085), the current Debt-to-Equity is 0.83 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 Forward Electronics Co (ROCO:8085) Overvalued in 2026?
Based on GuruFocus' analysis, Forward Electronics Co stock appears to be undervalued.
The current stock price of NT$14.45 is trading 49.4% below its estimated GF Value™ of NT$28.55.
GuruFocus considers Forward Electronics Co to be Possible Value Trap.
Key valuation signals for ROCO:8085:
Debt-to-Equity: 0.83 (34% above median its 10-year median of 0.62)
GF Value™: NT$28.55 vs. price of NT$14.45 (49.4% below fair value)
Industry Position: 196.4% above the Hardware median (#1790 of 2232)
No single metric tells the full story. See the ROCO:8085 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forward Electronics Co Ltd is engaged in the manufacturing, development, and sales of backlight modules, liquid crystal display modules, switches, variable resistors, sensors, and bit generators, Produces peripheral products for information appliances, including game consoles, vehicle anti-collision systems, and lighting products as well as carbon credits development, carbon neutral consulting, and energy storage solutions. Company has divided its business into three segments Optoelectronic segment, Electronics components products segment and Electronics applications products segment. Geographically, company has it's presence in Mainland China, Taiwan and others.
49GF Score
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