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Toray IndustriesTRYIF 78 Debt-to-Equity is 0.50 as of Mar. 2026, which is 26% below its 10-year median of 0.68. GuruFocus rates TRYIF with a GF Score™ of 78/100 and a GF Value™ of $5.72 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 936 Manufacturing - Apparel & Accessories companies, Toray Industries ranks worse than 54.91% 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 Toray Industries's Debt-to-Equity or its related term are showing as below:
TRYIF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49 Med: 0.68 Max: 0.93
Current: 0.5
During the past 13 years, the highest Debt-to-Equity Ratio of Toray Industries was 0.93. The lowest was 0.49. And the median was 0.68.
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.
Toray Industries Debt-to-Equity Related Terms
Toray Industries Debt-to-Equity Historical Data
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The historical data trend for Toray Industries'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 Textile Manufacturing subindustry, Toray Industries'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.
Toray Industries Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Toray Industries's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Toray Industries'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.
Toray Industries (TRYIF) has a Debt-to-Equity of 0.50 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Toray Industries and its competitors. This is 26% below median its historical median of 0.68. Over the past decade, Toray Industries' Debt-to-Equity has ranged from 0.49 to 0.93. According to the industry distribution chart, Toray Industries ranks #514 out of 936 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 54.9%.
Is Toray Industries' Debt-to-Equity too high?
Toray Industries' current Debt-to-Equity of 0.50 is 26% below median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 0.93. The Manufacturing - Apparel & Accessories industry median Debt-to-Equity is 0.43. Toray Industries' value of 0.50 is 16.3% above this industry median. Based on the distribution chart, Toray Industries ranks #514 out of 936 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Toray Industries has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toray Industries' Debt-to-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Toray Industries ranks #514 out of 936 companies for Debt-to-Equity. This places Toray Industries in the lower half of its industry. The industry median Debt-to-Equity is 0.43. Toray Industries' value of 0.50 is 16.3% above this benchmark. Historically, Toray Industries' own Debt-to-Equity has ranged from 0.49 to 0.93 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.43, Toray Industries 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.43, based on 936 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. Toray Industries's current Debt-to-Equity of 0.50 is 16.3% 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 Toray Industries and its competitors. For the Manufacturing - Apparel & Accessories 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. Toray Industries's current Debt-to-Equity is 0.50, which is 26% below median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toray Industries stock overvalued right now?
Based on GuruFocus' analysis, Toray Industries (TRYIF) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.72, compared to a current price of $6.66 — trading 16.4% above its estimated fair value. The current Debt-to-Equity is 0.50, which is 26% below median its 10-year median of 0.68 and 16.3% above the Manufacturing - Apparel & Accessories industry median of 0.43. Toray Industries' overall GF Score™ is 78/100 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 Toray Industries (TRYIF), the current Debt-to-Equity is 0.50 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 Toray Industries (TRYIF) Overvalued in 2026?
Based on GuruFocus' analysis, Toray Industries stock appears to be overvalued.
The current stock price of $6.66 is trading 16.4% above its estimated GF Value™ of $5.72.
GuruFocus considers Toray Industries to be Modestly Overvalued.
Key valuation signals for TRYIF:
Debt-to-Equity: 0.50 (26% below median its 10-year median of 0.68)
GF Value™: $5.72 vs. price of $6.66 (16.4% above fair value)
Industry Position: 16.3% above the Manufacturing - Apparel & Accessories median (#514 of 936)
No single metric tells the full story. See the TRYIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toray Industries Inc is a Japan-based company engaged in the textile business, functional chemicals business, carbon fiber composite materials, and other businesses. The Carbon Fiber Composite Materials segment covers carbon fiber, composites, and molded products. The Environment and Engineering segment includes membranes for water treatment, general engineering, industrial machinery, housing, and construction materials. The Functional Chemicals segment handles resins, foams, films, fine chemicals, and electronic materials. The Life Science segment focuses on pharmaceuticals and medical devices. The Textile segment provides fibers, fabrics, non-woven and apparel products, while Others offers analysis, survey, and research services. It generates majority of revenue from the Textile segment.
78GF Score
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