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.
SHANONTSE:3976 -0.34%62 Debt-to-Equity is 0.05 as of Jun. 2026, which is 94% below its 10-year median of 0.88. GuruFocus rates TSE:3976 with a GF Score™ of 62/100 and a GF Value™ of 円159.99 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,239 Software companies, SHANON ranks better than 79.05% 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 SHANON's Debt-to-Equity or its related term are showing as below:
TSE:3976'
s Debt-to-Equity Range Over the Past 10 Years
Min: -34.84 Med: 0.88 Max: 48.38
Current: 0.05
During the past 11 years, the highest Debt-to-Equity Ratio of SHANON was 48.38. The lowest was -34.84. And the median was 0.88.
TSE:3976's Debt-to-Equity is ranked better than 79.05% of 2239
companies
in the Software industry
Industry Median: 0.2
vs TSE:3976: 0.05
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.
SHANON Debt-to-Equity Related Terms
SHANON Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for SHANON'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:3976 vs CRM, SHOP, UBER: Debt-to-Equity Comparison
For the Software - Application subindustry, SHANON'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.
SHANON Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, SHANON's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where SHANON'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.
SHANON (TSE:3976) has a Debt-to-Equity of 0.05 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SHANON and its competitors. This is 94% below median its historical median of 0.88. According to the industry distribution chart, SHANON ranks #469 out of 2239 companies in the Software industry, placing it in the top 20.9%.
Is SHANON's Debt-to-Equity too high?
SHANON's current Debt-to-Equity of 0.05 is 94% below median its 10-year median of 0.88. The Software industry median Debt-to-Equity is 0.20. SHANON's value of 0.05 is 75% below this industry median. Based on the distribution chart, SHANON ranks #469 out of 2239 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, SHANON has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SHANON's Debt-to-Equity compare to CRM and SHOP?
According to the Software industry distribution chart, SHANON ranks #469 out of 2239 companies for Debt-to-Equity. This places SHANON in the top 21% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.20. SHANON's value of 0.05 is 75% below this benchmark. While the company's 10-year median is 0.88 vs. the industry median of 0.20, SHANON 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 Software company?
The median Debt-to-Equity among Software companies is 0.20, based on 2,239 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. SHANON's current Debt-to-Equity of 0.05 is 75% 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 SHANON and its competitors. For the Software industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SHANON's current Debt-to-Equity is 0.05, which is 94% below median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHANON stock overvalued right now?
Based on GuruFocus' analysis, SHANON (TSE:3976) is currently considered Significantly Overvalued. The stock's GF Value™ is 円159.99, compared to a current price of 円589.00 — trading 268.1% above its estimated fair value. The current Debt-to-Equity is 0.05, which is 94% below median its 10-year median of 0.88 and 75% below the Software industry median of 0.20. SHANON's overall GF Score™ is 62/100 with 2 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 SHANON (TSE:3976), the current Debt-to-Equity is 0.05 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 SHANON (TSE:3976) Overvalued in 2026?
Based on GuruFocus' analysis, SHANON stock appears to be overvalued.
The current stock price of 円589.00 is trading 268.1% above its estimated GF Value™ of 円159.99.
GuruFocus considers SHANON to be Significantly Overvalued.
Key valuation signals for TSE:3976:
Debt-to-Equity: 0.05 (94% below median its 10-year median of 0.88)
GF Value™: 円159.99 vs. price of 円589.00 (268.1% above fair value)
Industry Position: 75% below the Software median (#469 of 2239)
No single metric tells the full story. See the TSE:3976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SHANON Inc provides marketing platform and cloud application. It is engaged in the planning, development, and sale of cloud marketing solutions. It is also engaged in the provision of consulting and outsourcing services related to marketing.
62GF Score
Get the complete analysis for TSE:3976
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:3976 has been successfully added to your 
