Dualtap Co (TSE:3469) Debt-to-Equity: 1.42 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
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:3469 Dualtap Co Ltd TSE:3469
57 GF Score
Price 円893.00
GF Value 円792.79
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Dualtap Co Debt-to-Equity?

Dualtap Co TSE:3469 -0.22% 57 Debt-to-Equity is 1.42 as of Mar. 2026, which is 2% above its 10-year median of 1.39. GuruFocus rates TSE:3469 with a GF Score™ of 57/100 and a GF Value™ of 円792.79 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,548 Real Estate companies, Dualtap Co ranks worse than 71.25% on this metric.

Dualtap Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円2,537 Mil. Dualtap Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円1,123 Mil. Dualtap Co's Total Stockholders Equity for the quarter that ended in Mar. 2026 was 円2,583 Mil. Dualtap Co's debt to equity for the quarter that ended in Mar. 2026 was 1.42.

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

TSE:3469' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77   Med: 1.39   Max: 2.64
Current: 1.36

During the past 12 years, the highest Debt-to-Equity Ratio of Dualtap Co was 2.64. The lowest was 0.77. And the median was 1.39.

TSE:3469's Debt-to-Equity is ranked worse than
71.25% of 1548 companies
in the Real Estate industry
Industry Median: 0.75 vs TSE:3469: 1.36

Dualtap Co  (TSE:3469) 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.


Dualtap Co Debt-to-Equity Related Terms


Dualtap Co Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Dualtap 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.

Dualtap Co Debt-to-Equity Chart

Dualtap Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.26 1.18 2.08 1.11 1.36

Dualtap Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.11 1.10 0.98 1.42 1.36

Dualtap Co Debt-to-Equity Competitor Comparison

For the Real Estate - Diversified subindustry, Dualtap 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.


Dualtap Co Debt-to-Equity vs Real Estate Industry

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

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


TSE:3469
57GF Score
Dualtap Co Ltd TSE:3469
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dualtap Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dualtap Co's Debt to Equity Ratio for the fiscal year that ended in Jun. 2026 is calculated as

Dualtap Co's Debt to Equity Ratio for the quarter that ended in Mar. 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 1.42 mean?
Dualtap Co (TSE:3469) has a Debt-to-Equity of 1.42 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Dualtap Co and its competitors. This is near median its historical median of 1.39. Over the past decade, Dualtap Co's Debt-to-Equity has ranged from 0.77 to 2.64. According to the industry distribution chart, Dualtap Co ranks #1103 out of 1548 companies in the Real Estate industry, placing it in the top 71.3%.
Is Dualtap Co's Debt-to-Equity too high?
Dualtap Co's current Debt-to-Equity of 1.42 is near median its 10-year median of 1.39. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 2.64. The Real Estate industry median Debt-to-Equity is 0.75. Dualtap Co's value of 1.42 is 89.3% above this industry median. Based on the distribution chart, Dualtap Co ranks #1103 out of 1548 companies in the Real Estate industry, which is below the industry midpoint. Overall, Dualtap Co has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dualtap Co's Debt-to-Equity compare to competitors?
According to the Real Estate industry distribution chart, Dualtap Co ranks #1103 out of 1548 companies for Debt-to-Equity. This places Dualtap Co in the lower half of its industry. The industry median Debt-to-Equity is 0.75. Dualtap Co's value of 1.42 is 89.3% above this benchmark. Historically, Dualtap Co's own Debt-to-Equity has ranged from 0.77 to 2.64 over the past decade. While the company's 10-year median is 1.39 vs. the industry median of 0.75, Dualtap 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 a Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.75, based on 1,548 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. Dualtap Co's current Debt-to-Equity of 1.42 is 89.3% 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 Dualtap Co 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. Dualtap Co's current Debt-to-Equity is 1.42, which is near median its own 10-year median of 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dualtap Co stock overvalued right now?
Based on GuruFocus' analysis, Dualtap Co (TSE:3469) is currently considered Modestly Overvalued. The stock's GF Value™ is 円792.79, compared to a current price of 円893.00 — trading 12.6% above its estimated fair value. The current Debt-to-Equity is 1.42, which is near median its 10-year median of 1.39 and 89.3% above the Real Estate industry median of 0.75. Dualtap Co's overall GF Score™ is 57/100 with 6 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 Dualtap Co (TSE:3469), the current Debt-to-Equity is 1.42 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 Dualtap Co (TSE:3469) Overvalued in 2026?

Based on GuruFocus' analysis, Dualtap Co stock appears to be overvalued. The current stock price of 円893.00 is trading 12.6% above its estimated GF Value™ of 円792.79. GuruFocus considers Dualtap Co to be Modestly Overvalued.

Key valuation signals for TSE:3469:

  • Debt-to-Equity: 1.42 (near median its 10-year median of 1.39)
  • GF Value™: 円792.79 vs. price of 円893.00 (12.6% above fair value)
  • GF Score™: 57/100 with 6 warning signs
  • Industry Position: 89.3% above the Real Estate median (#1103 of 1548)

No single metric tells the full story. See the TSE:3469 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dualtap Co Business Description

Address 4-7 Hisamatsucho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0005
Dualtap Co Ltd is a real estate company. Along with its subsidiaries, the company operates across various business segments such as the Real estate sales business, Real estate management business, Overseas real estate business, and the Sales support business. A majority of its revenue is generated from the Real estate sales business which plans and develops asset management condominiums, called XEBEC across various wards of Tokyo. The properties developed are sold to individual investors, REITs, real estate funds, corporate corporations, etc.
57GF Score

Get the complete analysis for TSE:3469

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

円893.00
Price
円792.79
GF Value