Toho Gas CoTHOGF 74 Debt-to-Equity is 0.32 as of Mar. 2026, which is 3% above its 10-year median of 0.31. GuruFocus rates THOGF with a GF Score™ of 74/100 and a GF Value™ of $6.01. The stock has 3 warning signs investors should review. Among 473 Utilities - Regulated companies, Toho Gas Co ranks better than 76.11% 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 Toho Gas Co's Debt-to-Equity or its related term are showing as below:
THOGF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.31 Max: 0.36
Current: 0.32
During the past 13 years, the highest Debt-to-Equity Ratio of Toho Gas Co was 0.36. The lowest was 0.26. And the median was 0.31.
THOGF's Debt-to-Equity is ranked better than 76.11% of 473
companies
in the Utilities - Regulated industry
Industry Median: 0.99
vs THOGF: 0.32
Toho Gas Co (OTCPK:THOGF) 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.
Toho Gas Co Debt-to-Equity Related Terms
Toho Gas Co Debt-to-Equity Historical Data
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The historical data trend for Toho Gas 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.
For the Utilities - Regulated Gas subindustry, Toho Gas 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.
Toho Gas Co Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Toho Gas Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Toho Gas 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.
Toho Gas Co (THOGF) has a Debt-to-Equity of 0.32 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Toho Gas Co and its competitors. This is near median its historical median of 0.31. Over the past decade, Toho Gas Co's Debt-to-Equity has ranged from 0.26 to 0.36. According to the industry distribution chart, Toho Gas Co ranks #113 out of 473 companies in the Utilities - Regulated industry, placing it in the top 23.9%.
Is Toho Gas Co's Debt-to-Equity too high?
Toho Gas Co's current Debt-to-Equity of 0.32 is near median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.36. The Utilities - Regulated industry median Debt-to-Equity is 0.99. Toho Gas Co's value of 0.32 is 67.7% below this industry median. Based on the distribution chart, Toho Gas Co ranks #113 out of 473 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Toho Gas Co has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Toho Gas Co's Debt-to-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Toho Gas Co ranks #113 out of 473 companies for Debt-to-Equity. This places Toho Gas Co in the top 24% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.99. Toho Gas Co's value of 0.32 is 67.7% below this benchmark. Historically, Toho Gas Co's own Debt-to-Equity has ranged from 0.26 to 0.36 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.99, Toho Gas Co 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 an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.99, based on 473 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. Toho Gas Co's current Debt-to-Equity of 0.32 is 67.7% 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 Toho Gas Co and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Gas Co's current Debt-to-Equity is 0.32, which is near median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Gas Co stock overvalued right now?
Toho Gas Co (THOGF) has a current Debt-to-Equity of 0.32. The stock's GF Value™ is $6.01, compared to a current price of $6.44 — trading 7.1% above its estimated fair value. The current Debt-to-Equity is 0.32, which is near median its 10-year median of 0.31 and 67.7% below the Utilities - Regulated industry median of 0.99. Toho Gas Co's overall GF Score™ is 74/100 with 3 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 Toho Gas Co (THOGF), the current Debt-to-Equity is 0.32 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 Toho Gas Co (THOGF) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Gas Co stock appears to be overvalued.
The current stock price of $6.44 is trading 7.1% above its estimated GF Value™ of $6.01.
Key valuation signals for THOGF:
Debt-to-Equity: 0.32 (near median its 10-year median of 0.31)
GF Value™: $6.01 vs. price of $6.44 (7.1% above fair value)
Industry Position: 67.7% below the Utilities - Regulated median (#113 of 473)
No single metric tells the full story. See the THOGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Gas Co Ltd is a Japan-based company engaged in the supply of energy and related services, including electricity, gas, and liquefied petroleum gas (LPG). The company operates in three business segments. The Electricity segment engages in the sale of electricity. The Gas segment handles the manufacture and sale of gas, gas appliances, consignment supply, and plumbing work. The LPG and Other Energies segment covers the sale of LPG, related equipment, natural gas, heat supply, and coke. The Others segment includes contract processing, real estate management, and other ancillary businesses. It generates the majority of its revenue from the Gas segment.
74GF Score
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