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First Brothers CoTSE:3454 -1.65%61 Debt-to-Equity is 1.92 as of May. 2026, which is 24% below its 10-year median of 2.51. GuruFocus rates TSE:3454 with a GF Score™ of 61/100 and a GF Value™ of 円1,564.35 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 931 Asset Management companies, First Brothers Co ranks worse than 93.13% 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 First Brothers Co's Debt-to-Equity or its related term are showing as below:
TSE:3454'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.79 Med: 2.51 Max: 3.23
Current: 1.92
During the past 13 years, the highest Debt-to-Equity Ratio of First Brothers Co was 3.23. The lowest was 1.79. And the median was 2.51.
TSE:3454's Debt-to-Equity is ranked worse than 93.13% of 931
companies
in the Asset Management industry
Industry Median: 0.22
vs TSE:3454: 1.92
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.
First Brothers Co Debt-to-Equity Related Terms
First Brothers Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for First Brothers 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:3454 vs BLK, BX, KKR: Debt-to-Equity Comparison
For the Asset Management subindustry, First Brothers 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.
First Brothers Co Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, First Brothers Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where First Brothers 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.
First Brothers Co (TSE:3454) has a Debt-to-Equity of 1.92 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First Brothers Co and its competitors. This is 24% below median its historical median of 2.51. Over the past decade, First Brothers Co's Debt-to-Equity has ranged from 1.79 to 3.23. According to the industry distribution chart, First Brothers Co ranks #867 out of 931 companies in the Asset Management industry, placing it in the top 93.1%.
Is First Brothers Co's Debt-to-Equity too high?
First Brothers Co's current Debt-to-Equity of 1.92 is 24% below median its 10-year median of 2.51. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 3.23. The Asset Management industry median Debt-to-Equity is 0.22. First Brothers Co's value of 1.92 is 772.7% above this industry median. Based on the distribution chart, First Brothers Co ranks #867 out of 931 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, First Brothers Co has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Brothers Co's Debt-to-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, First Brothers Co ranks #867 out of 931 companies for Debt-to-Equity. This places First Brothers Co in the lower half of its industry. The industry median Debt-to-Equity is 0.22. First Brothers Co's value of 1.92 is 772.7% above this benchmark. Historically, First Brothers Co's own Debt-to-Equity has ranged from 1.79 to 3.23 over the past decade. While the company's 10-year median is 2.51 vs. the industry median of 0.22, First Brothers Co 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 an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.22, based on 931 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. First Brothers Co's current Debt-to-Equity of 1.92 is 772.7% 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 First Brothers Co and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Brothers Co's current Debt-to-Equity is 1.92, which is 24% below median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Brothers Co stock overvalued right now?
Based on GuruFocus' analysis, First Brothers Co (TSE:3454) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,564.35, compared to a current price of 円1,250.00 — trading 20.1% below its estimated fair value. The current Debt-to-Equity is 1.92, which is 24% below median its 10-year median of 2.51 and 772.7% above the Asset Management industry median of 0.22. First Brothers Co's overall GF Score™ is 61/100 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 First Brothers Co (TSE:3454), the current Debt-to-Equity is 1.92 as of May. 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 First Brothers Co (TSE:3454) Overvalued in 2026?
Based on GuruFocus' analysis, First Brothers Co stock appears to be undervalued.
The current stock price of 円1,250.00 is trading 20.1% below its estimated GF Value™ of 円1,564.35.
GuruFocus considers First Brothers Co to be Modestly Undervalued.
Key valuation signals for TSE:3454:
Debt-to-Equity: 1.92 (24% below median its 10-year median of 2.51)
GF Value™: 円1,564.35 vs. price of 円1,250.00 (20.1% below fair value)
Industry Position: 772.7% above the Asset Management median (#867 of 931)
No single metric tells the full story. See the TSE:3454 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Brothers Co Ltd engages in the investment management business. It operates through the Investment Management, Investment Banking, and Facility Management divisions. The Investment Management division invests in real estate or real estate trust beneficiary rights by performing asset management in a private fund format. The Investment Banking division provides various advisory services for real estate and other investments. The Facility Management operates accommodation facilities to provide hospitality services from a medium-to long-term perspective.
61GF Score
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