Toyota MotorTOYOF -1.47%78 Debt-to-Equity is 1.08 as of Mar. 2026, which is 2% above its 10-year median of 1.06. GuruFocus rates TOYOF with a GF Score™ of 78/100 and a GF Value™ of $20.72 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,217 Vehicles & Parts companies, Toyota Motor ranks worse than 78.47% 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 Toyota Motor's Debt-to-Equity or its related term are showing as below:
TOYOF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.01 Med: 1.06 Max: 1.1
Current: 1.08
During the past 13 years, the highest Debt-to-Equity Ratio of Toyota Motor was 1.10. The lowest was 1.01. And the median was 1.06.
TOYOF's Debt-to-Equity is ranked worse than 78.47% of 1217
companies
in the Vehicles & Parts industry
Industry Median: 0.46
vs TOYOF: 1.08
Toyota Motor (OTCPK:TOYOF) 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.
Toyota Motor Debt-to-Equity Related Terms
Toyota Motor Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Toyota Motor'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 Auto Manufacturers subindustry, Toyota Motor'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.
Toyota Motor Debt-to-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Toyota Motor'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.
Toyota Motor (TOYOF) has a Debt-to-Equity of 1.08 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Toyota Motor and its competitors. This is near median its historical median of 1.06. Over the past decade, Toyota Motor's Debt-to-Equity has ranged from 1.01 to 1.10. According to the industry distribution chart, Toyota Motor ranks #955 out of 1217 companies in the Vehicles & Parts industry, placing it in the top 78.5%.
Is Toyota Motor's Debt-to-Equity too high?
Toyota Motor's current Debt-to-Equity of 1.08 is near median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 1.10. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Toyota Motor's value of 1.08 is 134.8% above this industry median. Based on the distribution chart, Toyota Motor ranks #955 out of 1217 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Toyota Motor has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toyota Motor's Debt-to-Equity compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Toyota Motor ranks #955 out of 1217 companies for Debt-to-Equity. This places Toyota Motor in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Toyota Motor's value of 1.08 is 134.8% above this benchmark. Historically, Toyota Motor's own Debt-to-Equity has ranged from 1.01 to 1.10 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 0.46, Toyota Motor 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 Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,217 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. Toyota Motor's current Debt-to-Equity of 1.08 is 134.8% 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 Toyota Motor and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyota Motor's current Debt-to-Equity is 1.08, which is near median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyota Motor stock overvalued right now?
Based on GuruFocus' analysis, Toyota Motor (TOYOF) is currently considered Modestly Undervalued. The stock's GF Value™ is $20.72, compared to a current price of $17.32 — trading 16.4% below its estimated fair value. The current Debt-to-Equity is 1.08, which is near median its 10-year median of 1.06 and 134.8% above the Vehicles & Parts industry median of 0.46. Toyota Motor's overall GF Score™ is 78/100 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 Toyota Motor (TOYOF), the current Debt-to-Equity is 1.08 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 Toyota Motor (TOYOF) Overvalued in 2026?
Based on GuruFocus' analysis, Toyota Motor stock appears to be undervalued.
The current stock price of $17.32 is trading 16.4% below its estimated GF Value™ of $20.72.
GuruFocus considers Toyota Motor to be Modestly Undervalued.
Key valuation signals for TOYOF:
Debt-to-Equity: 1.08 (near median its 10-year median of 1.06)
GF Value™: $20.72 vs. price of $17.32 (16.4% below fair value)
Industry Position: 134.8% above the Vehicles & Parts median (#955 of 1217)
No single metric tells the full story. See the TOYOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1937, Toyota is one of the world's largest automakers, with 11.3 million units sold at retail in fiscal 2026, including 10.5 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 50% excluding mini-vehicles, while US share is around 14%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2026 sales excluding financial services were JPY 46.1 trillion. Toyota also has a financing arm and manufactures homes and boats.
78GF Score
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