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Hard Off CoTSE:2674 -0.91%73 Debt-to-Equity is 0.31 as of Mar. 2026, which is 121% above its 10-year median of 0.14. GuruFocus rates TSE:2674 with a GF Score™ of 73/100 and a GF Value™ of 円2,467.81 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,009 Retail - Cyclical companies, Hard Off Co ranks better than 65.31% 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 Hard Off Co's Debt-to-Equity or its related term are showing as below:
TSE:2674'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.14 Max: 0.31
Current: 0.33
During the past 13 years, the highest Debt-to-Equity Ratio of Hard Off Co was 0.31. The lowest was 0.04. And the median was 0.14.
TSE:2674's Debt-to-Equity is ranked better than 65.31% of 1009
companies
in the Retail - Cyclical industry
Industry Median: 0.56
vs TSE:2674: 0.33
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.
Hard Off Co Debt-to-Equity Related Terms
Hard Off Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Hard Off 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:2674 vs CASY, WSM, ULTA: Debt-to-Equity Comparison
For the Specialty Retail subindustry, Hard Off 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.
Hard Off Co Debt-to-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Hard Off Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Hard Off 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.
Hard Off Co (TSE:2674) has a Debt-to-Equity of 0.31 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hard Off Co and its competitors. This is 121% above median its historical median of 0.14. Over the past decade, Hard Off Co's Debt-to-Equity has ranged from 0.04 to 0.31. According to the industry distribution chart, Hard Off Co ranks #350 out of 1009 companies in the Retail - Cyclical industry, placing it in the top 34.7%.
Is Hard Off Co's Debt-to-Equity too high?
Hard Off Co's current Debt-to-Equity of 0.31 is 121% above median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.31. The Retail - Cyclical industry median Debt-to-Equity is 0.56. Hard Off Co's value of 0.31 is 44.6% below this industry median. Based on the distribution chart, Hard Off Co ranks #350 out of 1009 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Hard Off Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hard Off Co's Debt-to-Equity compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Hard Off Co ranks #350 out of 1009 companies for Debt-to-Equity. This puts Hard Off Co in the upper half of its industry. The industry median Debt-to-Equity is 0.56. Hard Off Co's value of 0.31 is 44.6% below this benchmark. Historically, Hard Off Co's own Debt-to-Equity has ranged from 0.04 to 0.31 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 0.56, Hard Off 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 Retail - Cyclical company?
The median Debt-to-Equity among Retail - Cyclical companies is 0.56, based on 1,009 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. Hard Off Co's current Debt-to-Equity of 0.31 is 44.6% 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 Hard Off Co and its competitors. For the Retail - Cyclical industry, the median Debt-to-Equity is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hard Off Co's current Debt-to-Equity is 0.31, which is 121% above median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hard Off Co stock overvalued right now?
Based on GuruFocus' analysis, Hard Off Co (TSE:2674) is currently considered Fairly Valued. The stock's GF Value™ is 円2,467.81, compared to a current price of 円2,501.00 — trading 1.3% above its estimated fair value. The current Debt-to-Equity is 0.31, which is 121% above median its 10-year median of 0.14 and 44.6% below the Retail - Cyclical industry median of 0.56. Hard Off Co's overall GF Score™ is 73/100 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 Hard Off Co (TSE:2674), the current Debt-to-Equity is 0.31 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 Hard Off Co (TSE:2674) Overvalued in 2026?
Based on GuruFocus' analysis, Hard Off Co stock appears to be overvalued.
The current stock price of 円2,501.00 is trading 1.3% above its estimated GF Value™ of 円2,467.81.
GuruFocus considers Hard Off Co to be Fairly Valued.
Key valuation signals for TSE:2674:
Debt-to-Equity: 0.31 (121% above median its 10-year median of 0.14)
GF Value™: 円2,467.81 vs. price of 円2,501.00 (1.3% above fair value)
Industry Position: 44.6% below the Retail - Cyclical median (#350 of 1009)
No single metric tells the full story. See the TSE:2674 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hard Off Corporation Co Ltd is a Japan-based company engaged in the reuse business. Its business activities include the purchase of used and unnecessary items from the customers, carry out repair, maintenance, inspection, and cleaning and sell to the customers. Products offered by the Hard Off Corporation include a personal computer, musical instruments, furniture, clothing for men; women; and children, trading cards, game, plastic model, toy, car supplies, bags and accessories, books, wine, champagne, beer, sake and shochu.
73GF Score
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