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RayTSE:4317 -1.40%79 Debt-to-Equity is 0.07 as of May. 2026, which is 78% below its 10-year median of 0.32. GuruFocus rates TSE:4317 with a GF Score™ of 79/100 and a GF Value™ of 円560.57 (Fairly Valued). Among 825 Media - Diversified companies, Ray ranks better than 76.12% 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 Ray's Debt-to-Equity or its related term are showing as below:
TSE:4317'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.32 Max: 0.77
Current: 0.07
During the past 13 years, the highest Debt-to-Equity Ratio of Ray was 0.77. The lowest was 0.07. And the median was 0.32.
TSE:4317's Debt-to-Equity is ranked better than 76.12% of 825
companies
in the Media - Diversified industry
Industry Median: 0.24
vs TSE:4317: 0.07
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.
Ray Debt-to-Equity Related Terms
Ray Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Ray'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:4317 vs NFLX, DIS, WBD: Debt-to-Equity Comparison
For the Entertainment subindustry, Ray'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.
Ray Debt-to-Equity vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Ray's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ray'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.
Ray (TSE:4317) has a Debt-to-Equity of 0.07 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ray and its competitors. This is 78% below median its historical median of 0.32. Over the past decade, Ray's Debt-to-Equity has ranged from 0.07 to 0.77. According to the industry distribution chart, Ray ranks #197 out of 825 companies in the Media - Diversified industry, placing it in the top 23.9%.
Is Ray's Debt-to-Equity too high?
Ray's current Debt-to-Equity of 0.07 is 78% below median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.77. The Media - Diversified industry median Debt-to-Equity is 0.24. Ray's value of 0.07 is 70.8% below this industry median. Based on the distribution chart, Ray ranks #197 out of 825 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Ray has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ray's Debt-to-Equity compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Ray ranks #197 out of 825 companies for Debt-to-Equity. This places Ray in the top 24% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.24. Ray's value of 0.07 is 70.8% below this benchmark. Historically, Ray's own Debt-to-Equity has ranged from 0.07 to 0.77 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.24, Ray 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 Media - Diversified company?
The median Debt-to-Equity among Media - Diversified companies is 0.24, based on 825 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. Ray's current Debt-to-Equity of 0.07 is 70.8% 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 Ray and its competitors. For the Media - Diversified industry, the median Debt-to-Equity is 0.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray's current Debt-to-Equity is 0.07, which is 78% below median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray stock overvalued right now?
Based on GuruFocus' analysis, Ray (TSE:4317) is currently considered Fairly Valued. The stock's GF Value™ is 円560.57, compared to a current price of 円565.00 — trading 0.8% above its estimated fair value. The current Debt-to-Equity is 0.07, which is 78% below median its 10-year median of 0.32 and 70.8% below the Media - Diversified industry median of 0.24. Ray's overall GF Score™ is 79/100. 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 Ray (TSE:4317), the current Debt-to-Equity is 0.07 as of May. 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 Ray (TSE:4317) Overvalued in 2026?
Based on GuruFocus' analysis, Ray stock appears to be overvalued.
The current stock price of 円565.00 is trading 0.8% above its estimated GF Value™ of 円560.57.
GuruFocus considers Ray to be Fairly Valued.
Key valuation signals for TSE:4317:
Debt-to-Equity: 0.07 (78% below median its 10-year median of 0.32)
GF Value™: 円560.57 vs. price of 円565.00 (0.8% above fair value)
Industry Position: 70.8% below the Media - Diversified median (#197 of 825)
No single metric tells the full story. See the TSE:4317 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ray Corp is a Japan-based advertising company that operates in two business segments. The Advertising Solution segment has two divisions: the SP and event division, which handles planning and production of sales promotions, campaigns, expos, and showrooms; and the TVCM division, which creates TV commercials and promotional videos. The Technical Solution segment includes a video equipment rental division for events and business presentations, and a post-production division offering video editing, DVD/Blu-ray, and CG production services.
79GF Score
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