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ChoeiTSE:2993 +0.09%57 Debt-to-Equity is 4.47 as of Mar. 2026, which is 0% above its 10-year median of 4.45. GuruFocus rates TSE:2993 with a GF Score™ of 57/100 and a GF Value™ of 円2,511.32 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,546 Real Estate companies, Choei ranks worse than 95.99% 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 Choei's Debt-to-Equity or its related term are showing as below:
TSE:2993'
s Debt-to-Equity Range Over the Past 10 Years
Min: 4.1 Med: 4.45 Max: 7.35
Current: 4.67
During the past 7 years, the highest Debt-to-Equity Ratio of Choei was 7.35. The lowest was 4.10. And the median was 4.45.
TSE:2993's Debt-to-Equity is ranked worse than 95.99% of 1546
companies
in the Real Estate industry
Industry Median: 0.745
vs TSE:2993: 4.67
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.
Choei Debt-to-Equity Related Terms
Choei Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Choei'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:2993 vs CBRE, BEKE, JLL: Debt-to-Equity Comparison
For the Real Estate Services subindustry, Choei'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.
Choei Debt-to-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Choei's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Choei'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.
Choei (TSE:2993) has a Debt-to-Equity of 4.47 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Choei and its competitors. This is near median its historical median of 4.45. Over the past decade, Choei's Debt-to-Equity has ranged from 4.10 to 7.35. According to the industry distribution chart, Choei ranks #1484 out of 1546 companies in the Real Estate industry, placing it in the top 96%.
Is Choei's Debt-to-Equity too high?
Choei's current Debt-to-Equity of 4.47 is near median its 10-year median of 4.45. Over the past 10 years, this metric has ranged from a low of 4.10 to a high of 7.35. The Real Estate industry median Debt-to-Equity is 0.75. Choei's value of 4.47 is 500% above this industry median. Based on the distribution chart, Choei ranks #1484 out of 1546 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Choei has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Choei's Debt-to-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Choei ranks #1484 out of 1546 companies for Debt-to-Equity. This places Choei in the lower half of its industry. The industry median Debt-to-Equity is 0.75. Choei's value of 4.47 is 500% above this benchmark. Historically, Choei's own Debt-to-Equity has ranged from 4.10 to 7.35 over the past decade. While the company's 10-year median is 4.45 vs. the industry median of 0.75, Choei 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 1,546 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. Choei's current Debt-to-Equity of 4.47 is 500% 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 Choei 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. Choei's current Debt-to-Equity is 4.47, which is near median its own 10-year median of 4.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Choei stock overvalued right now?
Based on GuruFocus' analysis, Choei (TSE:2993) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,511.32, compared to a current price of 円2,212.00 — trading 11.9% below its estimated fair value. The current Debt-to-Equity is 4.47, which is near median its 10-year median of 4.45 and 500% above the Real Estate industry median of 0.75. Choei's overall GF Score™ is 57/100 with 5 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 Choei (TSE:2993), the current Debt-to-Equity is 4.47 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 Choei (TSE:2993) Overvalued in 2026?
Based on GuruFocus' analysis, Choei stock appears to be undervalued.
The current stock price of 円2,212.00 is trading 11.9% below its estimated GF Value™ of 円2,511.32.
GuruFocus considers Choei to be Modestly Undervalued.
Key valuation signals for TSE:2993:
Debt-to-Equity: 4.47 (near median its 10-year median of 4.45)
GF Value™: 円2,511.32 vs. price of 円2,212.00 (11.9% below fair value)
Industry Position: 500% above the Real Estate median (#1484 of 1546)
No single metric tells the full story. See the TSE:2993 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Choei Inc is engaged in the real estate management and real estate rental businesses. The real estate management business provides necessary services for rental property management, such as building maintenance, renovation work, and rental brokerage (leasing), in addition to tenant management, and the real estate rental business mainly handles the rental of its properties and subleased properties. The company's reportable segments are Property Rental Business, which generates the maximum revenue, and the Property Management Business.
57GF Score
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