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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 Nishimatsu Construction Co's Debt-to-Equity or its related term are showing as below:
TSE:1820'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.84 Max: 1.24
Current: 1.2
During the past 13 years, the highest Debt-to-Equity Ratio of Nishimatsu Construction Co was 1.24. The lowest was 0.24. And the median was 0.84.
TSE:1820's Debt-to-Equity is ranked worse than 80.83% of 1622
companies
in the Construction industry
Industry Median: 0.4
vs TSE:1820: 1.20
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.
Nishimatsu Construction Co Debt-to-Equity Related Terms
Nishimatsu Construction Co Debt-to-Equity Historical Data
* 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.
TSE:1820 vs PWR, FIX, EME: Debt-to-Equity Comparison
For the Engineering & Construction subindustry, Nishimatsu Construction 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.
Nishimatsu Construction Co Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, Nishimatsu Construction Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nishimatsu Construction 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.
Nishimatsu Construction Co (TSE:1820) has a Debt-to-Equity of 1.20 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nishimatsu Construction Co and its competitors. This is 43% above median its historical median of 0.84. Over the past decade, Nishimatsu Construction Co's Debt-to-Equity has ranged from 0.24 to 1.24. According to the industry distribution chart, Nishimatsu Construction Co ranks #1311 out of 1622 companies in the Construction industry, placing it in the top 80.8%.
Is Nishimatsu Construction Co's Debt-to-Equity too high?
Nishimatsu Construction Co's current Debt-to-Equity of 1.20 is 43% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 1.24. The Construction industry median Debt-to-Equity is 0.40. Nishimatsu Construction Co's value of 1.20 is 200% above this industry median. Based on the distribution chart, Nishimatsu Construction Co ranks #1311 out of 1622 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Nishimatsu Construction Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nishimatsu Construction Co's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Nishimatsu Construction Co ranks #1311 out of 1622 companies for Debt-to-Equity. This places Nishimatsu Construction Co in the lower half of its industry. The industry median Debt-to-Equity is 0.40. Nishimatsu Construction Co's value of 1.20 is 200% above this benchmark. Historically, Nishimatsu Construction Co's own Debt-to-Equity has ranged from 0.24 to 1.24 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 0.40, Nishimatsu Construction Co 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 Construction company?
The median Debt-to-Equity among Construction companies is 0.40, based on 1,622 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. Nishimatsu Construction Co's current Debt-to-Equity of 1.20 is 200% 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 Nishimatsu Construction Co and its competitors. For the Construction 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. Nishimatsu Construction Co's current Debt-to-Equity is 1.20, which is 43% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nishimatsu Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Nishimatsu Construction Co (TSE:1820) is currently considered Fairly Valued. The stock's GF Value™ is 円5,392.03, compared to a current price of 円5,479.00 — trading 1.6% above its estimated fair value. The current Debt-to-Equity is 1.20, which is 43% above median its 10-year median of 0.84 and 200% above the Construction industry median of 0.40. Nishimatsu Construction Co's overall GF Score™ is 81/100 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 Nishimatsu Construction Co (TSE:1820), the current Debt-to-Equity is 1.20 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 Nishimatsu Construction Co (TSE:1820) Overvalued in 2026?
Based on GuruFocus' analysis, Nishimatsu Construction Co stock appears to be overvalued.
The current stock price of 円5,479.00 is trading 1.6% above its estimated GF Value™ of 円5,392.03.
GuruFocus considers Nishimatsu Construction Co to be Fairly Valued.
Key valuation signals for TSE:1820:
Debt-to-Equity: 1.20 (43% above median its 10-year median of 0.84)
GF Value™: 円5,392.03 vs. price of 円5,479.00 (1.6% above fair value)
Industry Position: 200% above the Construction median (#1311 of 1622)
No single metric tells the full story. See the TSE:1820 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nishimatsu Construction Co Ltd is a Japanese construction and real estate business. The company operates through three segments: civil engineering, building construction, real estate, and others. Together, the civil engineering and building construction segments generate the vast majority of consolidated revenue, and design and construct harbours, airports, highways, dams, tunnels, railways, high-rise buildings, and power plants. The company principally operates in Japan and across Asia, and derives the majority of revenue domestically.
81GF Score
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