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.
TomoegawaTSE:3878 +1.21%63 Debt-to-Equity is 0.64 as of Jun. 2026, which is 30% below its 10-year median of 0.92. GuruFocus rates TSE:3878 with a GF Score™ of 63/100 and a GF Value™ of 円867.04 (Fairly Valued). The stock has 4 warning signs investors should review. Among 256 Forest Products companies, Tomoegawa ranks worse than 71.09% 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 Tomoegawa's Debt-to-Equity or its related term are showing as below:
TSE:3878'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.86 Med: 0.92 Max: 2.06
Current: 0.81
During the past 13 years, the highest Debt-to-Equity Ratio of Tomoegawa was 2.06. The lowest was 0.86. And the median was 0.92.
TSE:3878's Debt-to-Equity is ranked worse than 71.09% of 256
companies
in the Forest Products industry
Industry Median: 0.495
vs TSE:3878: 0.81
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.
Tomoegawa Debt-to-Equity Related Terms
Tomoegawa Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Tomoegawa'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, Tomoegawa'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.
Tomoegawa Debt-to-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Tomoegawa's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Tomoegawa'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.
Tomoegawa (TSE:3878) has a Debt-to-Equity of 0.64 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Tomoegawa and its competitors. This is 30% below median its historical median of 0.92. Over the past decade, Tomoegawa's Debt-to-Equity has ranged from 0.86 to 2.06. According to the industry distribution chart, Tomoegawa ranks #182 out of 256 companies in the Forest Products industry, placing it in the top 71.1%.
Is Tomoegawa's Debt-to-Equity too high?
Tomoegawa's current Debt-to-Equity of 0.64 is 30% below median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 2.06. The Forest Products industry median Debt-to-Equity is 0.50. Tomoegawa's value of 0.64 is 29.3% above this industry median. Based on the distribution chart, Tomoegawa ranks #182 out of 256 companies in the Forest Products industry, which is below the industry midpoint. Overall, Tomoegawa has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tomoegawa's Debt-to-Equity compare to competitors?
According to the Forest Products industry distribution chart, Tomoegawa ranks #182 out of 256 companies for Debt-to-Equity. This places Tomoegawa in the lower half of its industry. The industry median Debt-to-Equity is 0.50. Tomoegawa's value of 0.64 is 29.3% above this benchmark. Historically, Tomoegawa's own Debt-to-Equity has ranged from 0.86 to 2.06 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.50, Tomoegawa 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 Forest Products company?
The median Debt-to-Equity among Forest Products companies is 0.50, 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. Tomoegawa's current Debt-to-Equity of 0.64 is 29.3% 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 Tomoegawa and its competitors. For the Forest Products industry, the median Debt-to-Equity is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomoegawa's current Debt-to-Equity is 0.64, which is 30% below median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomoegawa stock overvalued right now?
Based on GuruFocus' analysis, Tomoegawa (TSE:3878) is currently considered Fairly Valued. The stock's GF Value™ is 円867.04, compared to a current price of 円838.00 — trading 3.3% below its estimated fair value. The current Debt-to-Equity is 0.64, which is 30% below median its 10-year median of 0.92 and 29.3% above the Forest Products industry median of 0.50. Tomoegawa's overall GF Score™ is 63/100 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 Tomoegawa (TSE:3878), the current Debt-to-Equity is 0.64 as of Jun. 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 Tomoegawa (TSE:3878) Overvalued in 2026?
Based on GuruFocus' analysis, Tomoegawa stock appears to be undervalued.
The current stock price of 円838.00 is trading 3.3% below its estimated GF Value™ of 円867.04.
GuruFocus considers Tomoegawa to be Fairly Valued.
Key valuation signals for TSE:3878:
Debt-to-Equity: 0.64 (30% below median its 10-year median of 0.92)
GF Value™: 円867.04 vs. price of 円838.00 (3.3% below fair value)
Industry Position: 29.3% above the Forest Products median (#182 of 256)
No single metric tells the full story. See the TSE:3878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomoegawa Corp manufactures, processes, and sells electronics parts, display parts, fine particles, functional sheets, and specialty paper products. It offers clear hard coat films for screen protection of mobile devices; adhesive tapes for circuit boards; and lids for hermetic seal package, as well as electrostatic chuck for LSI and LCD manufacturing process. The company also provides display component materials; and display film products. It offers fine particle materials, such as magnetic toners, non-magnetic toners, full color toners; information printing materials comprising inkjet; and special fiber sheets, including stainless fiber sheets, fluorine fiber sheets. Further, it provides ultra-lightweight printing papers; and insulating papers, conductive papers, absorbing papers.
63GF Score
Get the complete analysis for TSE:3878
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:3878 has been successfully added to your 
