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ZEAL Network SESTU:TIM -0.23%87 Debt-to-Equity is 0.37 as of Jun. 2026, which is 270% above its 10-year median of 0.10. GuruFocus rates STU:TIM with a GF Score™ of 87/100 and a GF Value™ of €64.32 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 721 Travel & Leisure companies, ZEAL Network SE ranks better than 54.65% 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 ZEAL Network SE's Debt-to-Equity or its related term are showing as below:
STU:TIM'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 0.45
Current: 0.37
During the past 13 years, the highest Debt-to-Equity Ratio of ZEAL Network SE was 0.45. The lowest was 0.02. And the median was 0.10.
STU:TIM's Debt-to-Equity is ranked better than 54.65% of 721
companies
in the Travel & Leisure industry
Industry Median: 0.43
vs STU:TIM: 0.37
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.
ZEAL Network SE Debt-to-Equity Related Terms
ZEAL Network SE Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for ZEAL Network 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.
STU:TIM vs FLUT, DKNG, SGHC: Debt-to-Equity Comparison
For the Gambling subindustry, ZEAL Network 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.
ZEAL Network SE Debt-to-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, ZEAL Network SE's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where ZEAL Network 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.
ZEAL Network SE (STU:TIM) has a Debt-to-Equity of 0.37 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ZEAL Network SE and its competitors. This is 270% above median its historical median of 0.10. Over the past decade, ZEAL Network SE's Debt-to-Equity has ranged from 0.02 to 0.45. According to the industry distribution chart, ZEAL Network SE ranks #327 out of 721 companies in the Travel & Leisure industry, placing it in the top 45.4%.
Is ZEAL Network SE's Debt-to-Equity too high?
ZEAL Network SE's current Debt-to-Equity of 0.37 is 270% above median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.45. The Travel & Leisure industry median Debt-to-Equity is 0.43. ZEAL Network SE's value of 0.37 is 14% below this industry median. Based on the distribution chart, ZEAL Network SE ranks #327 out of 721 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, ZEAL Network SE has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZEAL Network SE's Debt-to-Equity compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, ZEAL Network SE ranks #327 out of 721 companies for Debt-to-Equity. This puts ZEAL Network SE in the upper half of its industry. The industry median Debt-to-Equity is 0.43. ZEAL Network SE's value of 0.37 is 14% below this benchmark. Historically, ZEAL Network SE's own Debt-to-Equity has ranged from 0.02 to 0.45 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 0.43, ZEAL Network SE 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 Travel & Leisure company?
The median Debt-to-Equity among Travel & Leisure companies is 0.43, based on 721 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. ZEAL Network SE's current Debt-to-Equity of 0.37 is 14% 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 ZEAL Network SE and its competitors. For the Travel & Leisure 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. ZEAL Network SE's current Debt-to-Equity is 0.37, which is 270% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Network SE stock overvalued right now?
Based on GuruFocus' analysis, ZEAL Network SE (STU:TIM) is currently considered Significantly Undervalued. The stock's GF Value™ is €64.32, compared to a current price of €43.30 — trading 32.7% below its estimated fair value. The current Debt-to-Equity is 0.37, which is 270% above median its 10-year median of 0.10 and 14% below the Travel & Leisure industry median of 0.43. ZEAL Network SE's overall GF Score™ is 87/100 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 ZEAL Network SE (STU:TIM), the current Debt-to-Equity is 0.37 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 ZEAL Network SE (STU:TIM) Overvalued in 2026?
Based on GuruFocus' analysis, ZEAL Network SE stock appears to be undervalued.
The current stock price of €43.30 is trading 32.7% below its estimated GF Value™ of €64.32.
GuruFocus considers ZEAL Network SE to be Significantly Undervalued.
Key valuation signals for STU:TIM:
Debt-to-Equity: 0.37 (270% above median its 10-year median of 0.10)
GF Value™: €64.32 vs. price of €43.30 (32.7% below fair value)
Industry Position: 14% below the Travel & Leisure median (#327 of 721)
No single metric tells the full story. See the STU:TIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZEAL Network SE is an e-commerce group of companies company specializing in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The ZEAL group now has more than one million active customers. ZEAL allows the participation in state-licensed lotteries via the LOTTO24 and Tipp24 brands and also offers its own lottery products. ZEAL operates under its owns brands namely ZEAL Instant Games, ZEAL Ventures and ZEAL Iberia.
87GF Score
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