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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 Nittoc Construction Co's Debt-to-Equity or its related term are showing as below:
TSE:1929'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.05
Current: 0.17
During the past 13 years, the highest Debt-to-Equity Ratio of Nittoc Construction Co was 0.05. The lowest was 0.00. And the median was 0.02.
TSE:1929's Debt-to-Equity is ranked better than 71.02% of 1622
companies
in the Construction industry
Industry Median: 0.4
vs TSE:1929: 0.17
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.
Nittoc Construction Co Debt-to-Equity Related Terms
Nittoc Construction Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Nittoc Construction 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.
TSE:1929 vs PWR, FIX, EME: Debt-to-Equity Comparison
For the Engineering & Construction subindustry, Nittoc 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.
Nittoc Construction Co Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, Nittoc Construction Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nittoc 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.
Nittoc Construction Co (TSE:1929) has a Debt-to-Equity of 0.01 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nittoc Construction Co and its competitors. This is 50% below median its historical median of 0.02. According to the industry distribution chart, Nittoc Construction Co ranks #470 out of 1622 companies in the Construction industry, placing it in the top 29%.
Is Nittoc Construction Co's Debt-to-Equity too high?
Nittoc Construction Co's current Debt-to-Equity of 0.01 is 50% below median its 10-year median of 0.02. The Construction industry median Debt-to-Equity is 0.40. Nittoc Construction Co's value of 0.01 is 97.5% below this industry median. Based on the distribution chart, Nittoc Construction Co ranks #470 out of 1622 companies in the Construction industry, which is above the industry midpoint. Overall, Nittoc Construction Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nittoc Construction Co's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Nittoc Construction Co ranks #470 out of 1622 companies for Debt-to-Equity. This puts Nittoc Construction Co in the upper half of its industry. The industry median Debt-to-Equity is 0.40. Nittoc Construction Co's value of 0.01 is 97.5% below this benchmark. While the company's 10-year median is 0.02 vs. the industry median of 0.40, Nittoc Construction 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 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. Nittoc Construction Co's current Debt-to-Equity of 0.01 is 97.5% 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 Nittoc 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. Nittoc Construction Co's current Debt-to-Equity is 0.01, which is 50% below median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nittoc Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Nittoc Construction Co (TSE:1929) is currently considered Fairly Valued. The stock's GF Value™ is 円1,277.56, compared to a current price of 円1,202.00 — trading 5.9% below its estimated fair value. The current Debt-to-Equity is 0.01, which is 50% below median its 10-year median of 0.02 and 97.5% below the Construction industry median of 0.40. Nittoc Construction Co's overall GF Score™ is 75/100 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 Nittoc Construction Co (TSE:1929), the current Debt-to-Equity is 0.01 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 Nittoc Construction Co (TSE:1929) Overvalued in 2026?
Based on GuruFocus' analysis, Nittoc Construction Co stock appears to be undervalued.
The current stock price of 円1,202.00 is trading 5.9% below its estimated GF Value™ of 円1,277.56.
GuruFocus considers Nittoc Construction Co to be Fairly Valued.
Key valuation signals for TSE:1929:
Debt-to-Equity: 0.01 (50% below median its 10-year median of 0.02)
GF Value™: 円1,277.56 vs. price of 円1,202.00 (5.9% below fair value)
Industry Position: 97.5% below the Construction median (#470 of 1622)
No single metric tells the full story. See the TSE:1929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nittoc Construction Co Ltd is engaged in the construction business as well as several other business activities such as sales of merchandise and materials. Its services include Revegetation Works, Temporary Anchoring Works, Riverbank and Shoreline Embankment Protection, Slope Stabilization and Vegetation Works, Slope Protection, Landslide Mitigation Works, Rock Slope Failure Prevention, Ground Anchors and Anchored Systems, Retaining Walls Construction, and Structural Diagnostics.
75GF Score
Get the complete analysis for TSE:1929
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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