Yamato (TSE:1967) Debt-to-Equity: 0.09 (As of Mar. 2026) — 200% Above Median

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Director of Data and Quant Analytics at GuruFocus
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TSE:1967 Yamato Corp TSE:1967
62 GF Score
Price 円2,090.00
GF Value 円1,453.15
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Yamato Debt-to-Equity?

Yamato TSE:1967 -0.48% 62 Debt-to-Equity is 0.09 as of Mar. 2026, which is 200% above its 10-year median of 0.03. GuruFocus rates TSE:1967 with a GF Score™ of 62/100 and a GF Value™ of 円1,453.15 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,622 Construction companies, Yamato ranks better than 92.85% on this metric.

Yamato's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円3,511 Mil. Yamato's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円442 Mil. Yamato's Total Stockholders Equity for the quarter that ended in Mar. 2026 was 円42,732 Mil. Yamato's debt to equity for the quarter that ended in Mar. 2026 was 0.09.

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 Yamato's Debt-to-Equity or its related term are showing as below:

TSE:1967' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.03   Max: 0.09
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Yamato was 0.09. The lowest was 0.01. And the median was 0.03.

TSE:1967's Debt-to-Equity is ranked better than
92.85% of 1622 companies
in the Construction industry
Industry Median: 0.4 vs TSE:1967: 0.03

Yamato  (TSE:1967) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Yamato Debt-to-Equity Related Terms


Yamato Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Yamato'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.

Yamato Debt-to-Equity Chart

Yamato Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.04 0.03 0.03 0.09

Yamato Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.13 0.07 0.09 0.03

TSE:1967 vs PWR, FIX, EME: Debt-to-Equity Comparison

For the Engineering & Construction subindustry, Yamato'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.


Yamato Debt-to-Equity vs Construction Industry

For the Construction industry and Industrials sector, Yamato's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Yamato's Debt-to-Equity falls into.


TSE:1967
62GF Score
Yamato Corp TSE:1967
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yamato Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yamato's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Yamato's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.09 mean?
Yamato (TSE:1967) has a Debt-to-Equity of 0.09 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Yamato and its competitors. This is 200% above median its historical median of 0.03. Over the past decade, Yamato's Debt-to-Equity has ranged from 0.01 to 0.09. According to the industry distribution chart, Yamato ranks #116 out of 1622 companies in the Construction industry, placing it in the top 7.2%.
Is Yamato's Debt-to-Equity too high?
Yamato's current Debt-to-Equity of 0.09 is 200% above median its 10-year median of 0.03. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.09. The Construction industry median Debt-to-Equity is 0.40. Yamato's value of 0.09 is 77.5% below this industry median. Based on the distribution chart, Yamato ranks #116 out of 1622 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Yamato has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yamato's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Yamato ranks #116 out of 1622 companies for Debt-to-Equity. This places Yamato in the top 7% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.40. Yamato's value of 0.09 is 77.5% below this benchmark. Historically, Yamato's own Debt-to-Equity has ranged from 0.01 to 0.09 over the past decade. While the company's 10-year median is 0.03 vs. the industry median of 0.40, Yamato 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. Yamato's current Debt-to-Equity of 0.09 is 77.5% 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 Yamato 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. Yamato's current Debt-to-Equity is 0.09, which is 200% above median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yamato stock overvalued right now?
Based on GuruFocus' analysis, Yamato (TSE:1967) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,453.15, compared to a current price of 円2,090.00 — trading 43.8% above its estimated fair value. The current Debt-to-Equity is 0.09, which is 200% above median its 10-year median of 0.03 and 77.5% below the Construction industry median of 0.40. Yamato's overall GF Score™ is 62/100 with 1 warning sign 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 Yamato (TSE:1967), the current Debt-to-Equity is 0.09 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 Yamato (TSE:1967) Overvalued in 2026?

Based on GuruFocus' analysis, Yamato stock appears to be overvalued. The current stock price of 円2,090.00 is trading 43.8% above its estimated GF Value™ of 円1,453.15. GuruFocus considers Yamato to be Significantly Overvalued.

Key valuation signals for TSE:1967:

  • Debt-to-Equity: 0.09 (200% above median its 10-year median of 0.03)
  • GF Value™: 円1,453.15 vs. price of 円2,090.00 (43.8% above fair value)
  • GF Score™: 62/100 with 1 warning sign
  • Industry Position: 77.5% below the Construction median (#116 of 1622)

No single metric tells the full story. See the TSE:1967 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yamato Business Description

Address No.118 Furuichi-machi, Maebashi-shi, JPN, 371-0844
Yamato Corp designs and builds air-conditioning and sanitation facilities such as clean room. The company also designs, installs, and sells environmental equipment such as waste disposal and sewage purifying systems for industrial and home usage.
62GF Score

Get the complete analysis for TSE:1967

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,090.00
Price
円1,453.15
GF Value