Landnet (TSE:2991) Debt-to-Equity: 1.77 (As of Jan. 2026) — 38% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2991 Landnet Inc TSE:2991
75 GF Score
Price 円523.00
GF Value 円596.37
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Landnet Debt-to-Equity?

Landnet TSE:2991 -2.97% 75 Debt-to-Equity is 1.77 as of Jan. 2026, which is 38% above its 10-year median of 1.28. GuruFocus rates TSE:2991 with a GF Score™ of 75/100 and a GF Value™ of 円596.37 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,543 Real Estate companies, Landnet ranks worse than 80.43% on this metric.

Landnet's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was 円16,431 Mil. Landnet's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was 円4,765 Mil. Landnet's Total Stockholders Equity for the quarter that ended in Jan. 2026 was 円11,945 Mil. Landnet's debt to equity for the quarter that ended in Jan. 2026 was 1.77.

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

TSE:2991' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72   Med: 1.28   Max: 1.79
Current: 1.84

During the past 7 years, the highest Debt-to-Equity Ratio of Landnet was 1.79. The lowest was 0.72. And the median was 1.28.

TSE:2991's Debt-to-Equity is ranked worse than
80.43% of 1543 companies
in the Real Estate industry
Industry Median: 0.75 vs TSE:2991: 1.84

Landnet  (TSE:2991) 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.


Landnet Debt-to-Equity Related Terms


Landnet Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Landnet'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.

Landnet Debt-to-Equity Chart

Landnet Annual Data
Trend Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Debt-to-Equity
Get a 7-Day Free Trial 0.72 0.96 1.28 1.47 1.63

Landnet Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 1.79 1.63 1.62 1.77 1.84

TSE:2991 vs CBRE, BEKE, JLL: Debt-to-Equity Comparison

For the Real Estate Services subindustry, Landnet'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.


Landnet Debt-to-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Landnet's Debt-to-Equity distribution charts can be found below:

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


TSE:2991
75GF Score
Landnet Inc TSE:2991
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Landnet Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Landnet's Debt to Equity Ratio for the fiscal year that ended in Jul. 2025 is calculated as

Landnet's Debt to Equity Ratio for the quarter that ended in Jan. 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 1.77 mean?
Landnet (TSE:2991) has a Debt-to-Equity of 1.77 as of Jan. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Landnet and its competitors. This is 38% above median its historical median of 1.28. Over the past decade, Landnet's Debt-to-Equity has ranged from 0.72 to 1.79. According to the industry distribution chart, Landnet ranks #1241 out of 1543 companies in the Real Estate industry, placing it in the top 80.4%.
Is Landnet's Debt-to-Equity too high?
Landnet's current Debt-to-Equity of 1.77 is 38% above median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.79. The Real Estate industry median Debt-to-Equity is 0.75. Landnet's value of 1.77 is 136% above this industry median. Based on the distribution chart, Landnet ranks #1241 out of 1543 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Landnet has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Landnet's Debt-to-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Landnet ranks #1241 out of 1543 companies for Debt-to-Equity. This places Landnet in the lower half of its industry. The industry median Debt-to-Equity is 0.75. Landnet's value of 1.77 is 136% above this benchmark. Historically, Landnet's own Debt-to-Equity has ranged from 0.72 to 1.79 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 0.75, Landnet 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 Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.75, based on 1,543 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. Landnet's current Debt-to-Equity of 1.77 is 136% 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 Landnet and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Landnet's current Debt-to-Equity is 1.77, which is 38% above median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Landnet stock overvalued right now?
Based on GuruFocus' analysis, Landnet (TSE:2991) is currently considered Modestly Undervalued. The stock's GF Value™ is 円596.37, compared to a current price of 円523.00 — trading 12.3% below its estimated fair value. The current Debt-to-Equity is 1.77, which is 38% above median its 10-year median of 1.28 and 136% above the Real Estate industry median of 0.75. Landnet's overall GF Score™ is 75/100 with 4 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 Landnet (TSE:2991), the current Debt-to-Equity is 1.77 as of Jan. 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 Landnet (TSE:2991) Overvalued in 2026?

Based on GuruFocus' analysis, Landnet stock appears to be undervalued. The current stock price of 円523.00 is trading 12.3% below its estimated GF Value™ of 円596.37. GuruFocus considers Landnet to be Modestly Undervalued.

Key valuation signals for TSE:2991:

  • Debt-to-Equity: 1.77 (38% above median its 10-year median of 1.28)
  • GF Value™: 円596.37 vs. price of 円523.00 (12.3% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 136% above the Real Estate median (#1241 of 1543)

No single metric tells the full story. See the TSE:2991 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Landnet Business Description

Address 1-16-15 Minami-Ikebukuro, 7th Floor, Diamond Gate Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0022
Landnet Inc is involved in buying and selling used real estate, remodeling and renovating properties after purchase, brokerage, and managing rental properties. Its reportable segments are the real estate buying and selling business and the real estate rental management business. The majority of its revenue comes from the real estate trading business, which includes purchasing and selling properties, real estate brokerage, and remodeling and renovation activities.
75GF Score

Get the complete analysis for TSE:2991

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

円523.00
Price
円596.37
GF Value