Baroque Japan (TSE:3548) Debt-to-Equity: 0.54 (As of Feb. 2026) — 15% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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:3548 Baroque Japan Ltd TSE:3548
66 GF Score
Price 円702.00
GF Value 円694.66
Valuation Fairly Valued
! 5 Warning Signs
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What is Baroque Japan Debt-to-Equity?

Baroque Japan TSE:3548 -1.68% 66 Debt-to-Equity is 0.54 as of Feb. 2026, which is 15% above its 10-year median of 0.47. GuruFocus rates TSE:3548 with a GF Score™ of 66/100 and a GF Value™ of 円694.66 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,009 Retail - Cyclical companies, Baroque Japan ranks worse than 52.13% on this metric.

Baroque Japan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円3,000 Mil. Baroque Japan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円5,000 Mil. Baroque Japan's Total Stockholders Equity for the quarter that ended in Feb. 2026 was 円14,706 Mil. Baroque Japan's debt to equity for the quarter that ended in Feb. 2026 was 0.54.

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 Baroque Japan's Debt-to-Equity or its related term are showing as below:

TSE:3548' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35   Med: 0.47   Max: 0.72
Current: 0.6

During the past 11 years, the highest Debt-to-Equity Ratio of Baroque Japan was 0.72. The lowest was 0.35. And the median was 0.47.

TSE:3548's Debt-to-Equity is ranked worse than
52.13% of 1009 companies
in the Retail - Cyclical industry
Industry Median: 0.57 vs TSE:3548: 0.60

Baroque Japan  (TSE:3548) 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.


Baroque Japan Debt-to-Equity Related Terms


Baroque Japan Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Baroque Japan'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.

Baroque Japan Debt-to-Equity Chart

Baroque Japan Annual Data
Trend Jan16 Jan17 Jan18 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.41 0.41 0.51 0.54

Baroque Japan Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.55 0.57 0.55 0.54 0.60

TSE:3548 vs TJX, ROST, BURL: Debt-to-Equity Comparison

For the Apparel Retail subindustry, Baroque Japan'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.


Baroque Japan Debt-to-Equity vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Baroque Japan's Debt-to-Equity distribution charts can be found below:

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


TSE:3548
66GF Score
Baroque Japan Ltd TSE:3548
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Baroque Japan Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Baroque Japan's Debt to Equity Ratio for the fiscal year that ended in Feb. 2026 is calculated as

Baroque Japan's Debt to Equity Ratio for the quarter that ended in Feb. 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 0.54 mean?
Baroque Japan (TSE:3548) has a Debt-to-Equity of 0.54 as of Feb. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Baroque Japan and its competitors. This is 15% above median its historical median of 0.47. Over the past decade, Baroque Japan's Debt-to-Equity has ranged from 0.35 to 0.72. According to the industry distribution chart, Baroque Japan ranks #526 out of 1009 companies in the Retail - Cyclical industry, placing it in the top 52.1%.
Is Baroque Japan's Debt-to-Equity too high?
Baroque Japan's current Debt-to-Equity of 0.54 is 15% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 0.72. The Retail - Cyclical industry median Debt-to-Equity is 0.57. Baroque Japan's value of 0.54 is 5.3% below this industry median. Based on the distribution chart, Baroque Japan ranks #526 out of 1009 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Baroque Japan has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Baroque Japan's Debt-to-Equity compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Baroque Japan ranks #526 out of 1009 companies for Debt-to-Equity. This places Baroque Japan in the lower half of its industry. The industry median Debt-to-Equity is 0.57. Baroque Japan's value of 0.54 is 5.3% below this benchmark. Historically, Baroque Japan's own Debt-to-Equity has ranged from 0.35 to 0.72 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 0.57, Baroque Japan 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 Retail - Cyclical company?
The median Debt-to-Equity among Retail - Cyclical companies is 0.57, based on 1,009 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. Baroque Japan's current Debt-to-Equity of 0.54 is 5.3% 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 Baroque Japan and its competitors. For the Retail - Cyclical industry, the median Debt-to-Equity is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baroque Japan's current Debt-to-Equity is 0.54, which is 15% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baroque Japan stock overvalued right now?
Based on GuruFocus' analysis, Baroque Japan (TSE:3548) is currently considered Fairly Valued. The stock's GF Value™ is 円694.66, compared to a current price of 円702.00 — trading 1.1% above its estimated fair value. The current Debt-to-Equity is 0.54, which is 15% above median its 10-year median of 0.47 and 5.3% below the Retail - Cyclical industry median of 0.57. Baroque Japan's overall GF Score™ is 66/100 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 Baroque Japan (TSE:3548), the current Debt-to-Equity is 0.54 as of Feb. 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 Baroque Japan (TSE:3548) Overvalued in 2026?

Based on GuruFocus' analysis, Baroque Japan stock appears to be overvalued. The current stock price of 円702.00 is trading 1.1% above its estimated GF Value™ of 円694.66. GuruFocus considers Baroque Japan to be Fairly Valued.

Key valuation signals for TSE:3548:

  • Debt-to-Equity: 0.54 (15% above median its 10-year median of 0.47)
  • GF Value™: 円694.66 vs. price of 円702.00 (1.1% above fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 5.3% below the Retail - Cyclical median (#526 of 1009)

No single metric tells the full story. See the TSE:3548 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Baroque Japan Business Description

Address 4-7-7 Aobadai, Sumitomo Realty & Development Aobadai Hills, Meguro-ku, Tokyo, JPN, 153-0042
Baroque Japan Ltd operates as a holding company which engages in the operation of apparels and accessory franchise stores. The company provides fashion building and train station building apparels, shopping center apparels, department store apparels, non-store (mail order-wholesale), shoes, and own branded stores and online shopping malls.
66GF Score

Get the complete analysis for TSE:3548

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

円702.00
Price
円694.66
GF Value