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So-Young InternationalSY -0.82%72 Debt-to-Equity is 0.26 as of Mar. 2026, which is 333% above its 10-year median of 0.06. GuruFocus rates SY with a GF Score™ of 72/100 and a GF Value™ of $1.52 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 557 Healthcare Providers & Services companies, So-Young International ranks better than 62.66% 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 So-Young International's Debt-to-Equity or its related term are showing as below:
SY'
s Debt-to-Equity Range Over the Past 10 Years
Min: -0.51 Med: 0.06 Max: 0.26
Current: 0.26
During the past 10 years, the highest Debt-to-Equity Ratio of So-Young International was 0.26. The lowest was -0.51. And the median was 0.06.
SY's Debt-to-Equity is ranked better than 62.66% of 557
companies
in the Healthcare Providers & Services industry
Industry Median: 0.4
vs SY: 0.26
So-Young International (NAS:SY) Debt-to-Equity Explanation
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.
So-Young International Debt-to-Equity Related Terms
So-Young International Debt-to-Equity Historical Data
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The historical data trend for So-Young International'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 Health Information Services subindustry, So-Young International'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.
So-Young International Debt-to-Equity vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, So-Young International's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where So-Young International'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.
So-Young International (SY) has a Debt-to-Equity of 0.26 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on So-Young International and its competitors. This is 333% above median its historical median of 0.06. According to the industry distribution chart, So-Young International ranks #208 out of 557 companies in the Healthcare Providers & Services industry, placing it in the top 37.3%.
Is So-Young International's Debt-to-Equity too high?
So-Young International's current Debt-to-Equity of 0.26 is 333% above median its 10-year median of 0.06. The Healthcare Providers & Services industry median Debt-to-Equity is 0.40. So-Young International's value of 0.26 is 35% below this industry median. Based on the distribution chart, So-Young International ranks #208 out of 557 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, So-Young International has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does So-Young International's Debt-to-Equity compare to HCAT and AMWL?
According to the Healthcare Providers & Services industry distribution chart, So-Young International ranks #208 out of 557 companies for Debt-to-Equity. This puts So-Young International in the upper half of its industry. The industry median Debt-to-Equity is 0.40. So-Young International's value of 0.26 is 35% below this benchmark. While the company's 10-year median is 0.06 vs. the industry median of 0.40, So-Young International 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 Healthcare Providers & Services company?
The median Debt-to-Equity among Healthcare Providers & Services companies is 0.40, based on 557 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. So-Young International's current Debt-to-Equity of 0.26 is 35% 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 So-Young International and its competitors. For the Healthcare Providers & Services industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. So-Young International's current Debt-to-Equity is 0.26, which is 333% above median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is So-Young International stock overvalued right now?
Based on GuruFocus' analysis, So-Young International (SY) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.52, compared to a current price of $1.82 — trading 19.4% above its estimated fair value. The current Debt-to-Equity is 0.26, which is 333% above median its 10-year median of 0.06 and 35% below the Healthcare Providers & Services industry median of 0.40. So-Young International's overall GF Score™ is 72/100 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 So-Young International (SY), the current Debt-to-Equity is 0.26 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 So-Young International (SY) Overvalued in 2026?
Based on GuruFocus' analysis, So-Young International stock appears to be overvalued.
The current stock price of $1.82 is trading 19.4% above its estimated GF Value™ of $1.52.
GuruFocus considers So-Young International to be Modestly Overvalued.
Key valuation signals for SY:
Debt-to-Equity: 0.26 (333% above median its 10-year median of 0.06)
GF Value™: $1.52 vs. price of $1.82 (19.4% above fair value)
Industry Position: 35% below the Healthcare Providers & Services median (#208 of 557)
No single metric tells the full story. See the SY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
So-Young International Inc is an aesthetic treatment platform in China connecting consumers with online services and offline treatments. Its online platform operates across multiple access points, including mobile app, Weixin mini program, and soyoung.com website, where both consumers and aesthetic practitioners can access media content, an engaging social community and a transparent reservation system. The company has four reportable segments: Aesthetic treatment services group, Platform service group, Wuhan Miracle, and Others. The majority of revenue is derived from the Platform service group, which generates revenue by providing information services and reservation services. All the company's revenues are derived from within the PRC.
72GF Score
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