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Ichikawa CoTSE:3513 +1.01%49 Debt-to-Equity is 0.04 as of Mar. 2026, which is 20% below its 10-year median of 0.05. GuruFocus rates TSE:3513 with a GF Score™ of 49/100 and a GF Value™ of 円1,980.16 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 256 Forest Products companies, Ichikawa Co ranks better than 91.8% 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 Ichikawa Co's Debt-to-Equity or its related term are showing as below:
TSE:3513'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.05 Max: 0.06
Current: 0.04
During the past 13 years, the highest Debt-to-Equity Ratio of Ichikawa Co was 0.06. The lowest was 0.04. And the median was 0.05.
TSE:3513's Debt-to-Equity is ranked better than 91.8% of 256
companies
in the Forest Products industry
Industry Median: 0.49
vs TSE:3513: 0.04
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.
Ichikawa Co Debt-to-Equity Related Terms
Ichikawa Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Ichikawa 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.
For the Paper & Paper Products subindustry, Ichikawa 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.
Ichikawa Co Debt-to-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Ichikawa Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ichikawa 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.
Ichikawa Co (TSE:3513) has a Debt-to-Equity of 0.04 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ichikawa Co and its competitors. This is 20% below median its historical median of 0.05. Over the past decade, Ichikawa Co's Debt-to-Equity has ranged from 0.04 to 0.06. According to the industry distribution chart, Ichikawa Co ranks #21 out of 256 companies in the Forest Products industry, placing it in the top 8.2%.
Is Ichikawa Co's Debt-to-Equity too high?
Ichikawa Co's current Debt-to-Equity of 0.04 is 20% below median its 10-year median of 0.05. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.06. The Forest Products industry median Debt-to-Equity is 0.49. Ichikawa Co's value of 0.04 is 91.8% below this industry median. Based on the distribution chart, Ichikawa Co ranks #21 out of 256 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ichikawa Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ichikawa Co's Debt-to-Equity compare to competitors?
According to the Forest Products industry distribution chart, Ichikawa Co ranks #21 out of 256 companies for Debt-to-Equity. This places Ichikawa Co in the top 8% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.49. Ichikawa Co's value of 0.04 is 91.8% below this benchmark. Historically, Ichikawa Co's own Debt-to-Equity has ranged from 0.04 to 0.06 over the past decade. While the company's 10-year median is 0.05 vs. the industry median of 0.49, Ichikawa 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 Forest Products company?
The median Debt-to-Equity among Forest Products companies is 0.49, based on 256 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. Ichikawa Co's current Debt-to-Equity of 0.04 is 91.8% 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 Ichikawa Co and its competitors. For the Forest Products industry, the median Debt-to-Equity is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichikawa Co's current Debt-to-Equity is 0.04, which is 20% below median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichikawa Co stock overvalued right now?
Based on GuruFocus' analysis, Ichikawa Co (TSE:3513) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,980.16, compared to a current price of 円3,485.00 — trading 76% above its estimated fair value. The current Debt-to-Equity is 0.04, which is 20% below median its 10-year median of 0.05 and 91.8% below the Forest Products industry median of 0.49. Ichikawa Co's overall GF Score™ is 49/100 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 Ichikawa Co (TSE:3513), the current Debt-to-Equity is 0.04 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 Ichikawa Co (TSE:3513) Overvalued in 2026?
Based on GuruFocus' analysis, Ichikawa Co stock appears to be overvalued.
The current stock price of 円3,485.00 is trading 76% above its estimated GF Value™ of 円1,980.16.
GuruFocus considers Ichikawa Co to be Significantly Overvalued.
Key valuation signals for TSE:3513:
Debt-to-Equity: 0.04 (20% below median its 10-year median of 0.05)
GF Value™: 円1,980.16 vs. price of 円3,485.00 (76% above fair value)
Industry Position: 91.8% below the Forest Products median (#21 of 256)
No single metric tells the full story. See the TSE:3513 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichikawa Co Ltd is engaged in the manufacture and distribution of papermaking felts, papermaking belts, felts for slate and industrial felts in Japan. It offers papermaking press felts and belts, and shoe press and transfer belts; industrial products, such as heat-resistant conveyance equipment and cushioning material for use in the manufacture of car bodies, aluminum parts, and others.
49GF Score
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