PIA (TSE:4337) Debt-to-Equity: 1.47 (As of Mar. 2026) — 40% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
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Charlie Tian
Charlie Tian
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:4337 PIA Corp TSE:4337
63 GF Score
Price 円2,818.00
GF Value 円4,132.07
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is PIA Debt-to-Equity?

PIA TSE:4337 -0.53% 63 Debt-to-Equity is 1.47 as of Mar. 2026, which is 40% below its 10-year median of 2.44. GuruFocus rates TSE:4337 with a GF Score™ of 63/100 and a GF Value™ of 円4,132.07 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 410 Interactive Media companies, PIA ranks worse than 92.93% on this metric.

PIA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円1,015 Mil. PIA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円14,799 Mil. PIA's Total Stockholders Equity for the quarter that ended in Mar. 2026 was 円10,748 Mil. PIA's debt to equity for the quarter that ended in Mar. 2026 was 1.47.

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

TSE:4337' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 2.44   Max: 15.18
Current: 1.47

During the past 13 years, the highest Debt-to-Equity Ratio of PIA was 15.18. The lowest was 0.02. And the median was 2.44.

TSE:4337's Debt-to-Equity is ranked worse than
92.93% of 410 companies
in the Interactive Media industry
Industry Median: 0.14 vs TSE:4337: 1.47

PIA  (TSE:4337) 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.


PIA Debt-to-Equity Related Terms


PIA Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for PIA'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.

PIA Debt-to-Equity Chart

PIA Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.91 4.88 3.36 2.44 1.47

PIA Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 3.36 2.90 2.44 1.85 1.47

TSE:4337 vs GOOGL, META, SPOT: Debt-to-Equity Comparison

For the Internet Content & Information subindustry, PIA'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.


PIA Debt-to-Equity vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, PIA's Debt-to-Equity distribution charts can be found below:

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


TSE:4337
63GF Score
PIA Corp TSE:4337
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PIA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PIA's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

PIA's Debt to Equity Ratio for the quarter that ended in Mar. 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 1.47 mean?
PIA (TSE:4337) has a Debt-to-Equity of 1.47 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PIA and its competitors. This is 40% below median its historical median of 2.44. Over the past decade, PIA's Debt-to-Equity has ranged from 0.02 to 15.18. According to the industry distribution chart, PIA ranks #381 out of 410 companies in the Interactive Media industry, placing it in the top 92.9%.
Is PIA's Debt-to-Equity too high?
PIA's current Debt-to-Equity of 1.47 is 40% below median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 15.18. The Interactive Media industry median Debt-to-Equity is 0.14. PIA's value of 1.47 is 950% above this industry median. Based on the distribution chart, PIA ranks #381 out of 410 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, PIA has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PIA's Debt-to-Equity compare to GOOGL and META?
According to the Interactive Media industry distribution chart, PIA ranks #381 out of 410 companies for Debt-to-Equity. This places PIA in the lower half of its industry. The industry median Debt-to-Equity is 0.14. PIA's value of 1.47 is 950% above this benchmark. Historically, PIA's own Debt-to-Equity has ranged from 0.02 to 15.18 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 0.14, PIA 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 an Interactive Media company?
The median Debt-to-Equity among Interactive Media companies is 0.14, based on 410 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. PIA's current Debt-to-Equity of 1.47 is 950% 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 PIA and its competitors. For the Interactive Media industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PIA's current Debt-to-Equity is 1.47, which is 40% below median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PIA stock overvalued right now?
Based on GuruFocus' analysis, PIA (TSE:4337) is currently considered Possible Value Trap. The stock's GF Value™ is 円4,132.07, compared to a current price of 円2,818.00 — trading 31.8% below its estimated fair value. The current Debt-to-Equity is 1.47, which is 40% below median its 10-year median of 2.44 and 950% above the Interactive Media industry median of 0.14. PIA's overall GF Score™ is 63/100 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 PIA (TSE:4337), the current Debt-to-Equity is 1.47 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 PIA (TSE:4337) Overvalued in 2026?

Based on GuruFocus' analysis, PIA stock appears to be undervalued. The current stock price of 円2,818.00 is trading 31.8% below its estimated GF Value™ of 円4,132.07. GuruFocus considers PIA to be Possible Value Trap.

Key valuation signals for TSE:4337:

  • Debt-to-Equity: 1.47 (40% below median its 10-year median of 2.44)
  • GF Value™: 円4,132.07 vs. price of 円2,818.00 (31.8% below fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 950% above the Interactive Media median (#381 of 410)

No single metric tells the full story. See the TSE:4337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PIA Business Description

Address 1-2-20 Higashi, Shibuya-ku, Shibuya First Tower, Tokyo, JPN, 150-0011
PIA Corp provides event ticketing services in Japan. The company sells tickets for concerts, sporting contests and other events of entertainment value through telephone operators, mobile phone services and a network of ticket stores.
63GF Score

Get the complete analysis for TSE:4337

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

円2,818.00
Price
円4,132.07
GF Value