Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
TOCALO CoTSE:3433 -0.04%95 Debt-to-Equity is 0.11 as of Mar. 2026, which is 10% above its 10-year median of 0.10. GuruFocus rates TSE:3433 with a GF Score™ of 95/100 and a GF Value™ of 円2,322.32 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 952 Business Services companies, TOCALO Co ranks better than 72.58% 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 TOCALO Co's Debt-to-Equity or its related term are showing as below:
TSE:3433'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.1 Max: 0.2
Current: 0.11
During the past 13 years, the highest Debt-to-Equity Ratio of TOCALO Co was 0.20. The lowest was 0.06. And the median was 0.10.
TSE:3433's Debt-to-Equity is ranked better than 72.58% of 952
companies
in the Business Services industry
Industry Median: 0.34
vs TSE:3433: 0.11
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.
TOCALO Co Debt-to-Equity Related Terms
TOCALO Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for TOCALO 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:3433 vs CTAS, CPRT, GPN: Debt-to-Equity Comparison
For the Specialty Business Services subindustry, TOCALO 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.
TOCALO Co Debt-to-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, TOCALO Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where TOCALO 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.
TOCALO Co (TSE:3433) has a Debt-to-Equity of 0.11 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TOCALO Co and its competitors. This is 10% above median its historical median of 0.10. Over the past decade, TOCALO Co's Debt-to-Equity has ranged from 0.06 to 0.20. According to the industry distribution chart, TOCALO Co ranks #261 out of 952 companies in the Business Services industry, placing it in the top 27.4%.
Is TOCALO Co's Debt-to-Equity too high?
TOCALO Co's current Debt-to-Equity of 0.11 is 10% above median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.20. The Business Services industry median Debt-to-Equity is 0.34. TOCALO Co's value of 0.11 is 67.6% below this industry median. Based on the distribution chart, TOCALO Co ranks #261 out of 952 companies in the Business Services industry, which is above the industry midpoint. Overall, TOCALO Co has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOCALO Co's Debt-to-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, TOCALO Co ranks #261 out of 952 companies for Debt-to-Equity. This puts TOCALO Co in the upper half of its industry. The industry median Debt-to-Equity is 0.34. TOCALO Co's value of 0.11 is 67.6% below this benchmark. Historically, TOCALO Co's own Debt-to-Equity has ranged from 0.06 to 0.20 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 0.34, TOCALO 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 Business Services company?
The median Debt-to-Equity among Business Services companies is 0.34, based on 952 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. TOCALO Co's current Debt-to-Equity of 0.11 is 67.6% 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 TOCALO Co and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOCALO Co's current Debt-to-Equity is 0.11, which is 10% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOCALO Co stock overvalued right now?
Based on GuruFocus' analysis, TOCALO Co (TSE:3433) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,322.32, compared to a current price of 円2,689.00 — trading 15.8% above its estimated fair value. The current Debt-to-Equity is 0.11, which is 10% above median its 10-year median of 0.10 and 67.6% below the Business Services industry median of 0.34. TOCALO Co's overall GF Score™ is 95/100 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 TOCALO Co (TSE:3433), the current Debt-to-Equity is 0.11 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 TOCALO Co (TSE:3433) Overvalued in 2026?
Based on GuruFocus' analysis, TOCALO Co stock appears to be overvalued.
The current stock price of 円2,689.00 is trading 15.8% above its estimated GF Value™ of 円2,322.32.
GuruFocus considers TOCALO Co to be Modestly Overvalued.
Key valuation signals for TSE:3433:
Debt-to-Equity: 0.11 (10% above median its 10-year median of 0.10)
GF Value™: 円2,322.32 vs. price of 円2,689.00 (15.8% above fair value)
Industry Position: 67.6% below the Business Services median (#261 of 952)
No single metric tells the full story. See the TSE:3433 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOCALO Co Ltd develops surface modifying technologies in Japan and internationally. The company produces various functional coatings through thermal spraying technology, including vacuum plasma, atmospheric plasma, electric arc, and high-velocity oxy-fuel spraying, as well as powder, rod, and wire flame spraying processes. It also provides peripheral surface technologies, such as WIN KOTE, CDC-ZAC, and Lite Force coatings; and TD, PTA, and PVD processes.
95GF Score
Get the complete analysis for TSE:3433
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3433 has been successfully added to your 
