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Toho Chemical Industry CoTSE:4409 +0.26%60 Debt-to-Equity is 1.19 as of Mar. 2026, which is 28% below its 10-year median of 1.66. GuruFocus rates TSE:4409 with a GF Score™ of 60/100 and a GF Value™ of 円625.63 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,420 Chemicals companies, Toho Chemical Industry Co ranks worse than 84.86% 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 Toho Chemical Industry Co's Debt-to-Equity or its related term are showing as below:
TSE:4409'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.19 Med: 1.66 Max: 2.06
Current: 1.07
During the past 13 years, the highest Debt-to-Equity Ratio of Toho Chemical Industry Co was 2.06. The lowest was 1.19. And the median was 1.66.
TSE:4409's Debt-to-Equity is ranked worse than 84.86% of 1420
companies
in the Chemicals industry
Industry Median: 0.37
vs TSE:4409: 1.07
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.
Toho Chemical Industry Co Debt-to-Equity Related Terms
Toho Chemical Industry Co Debt-to-Equity Historical Data
* 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:4409 vs LIN, SHW, ECL: Debt-to-Equity Comparison
For the Specialty Chemicals subindustry, Toho Chemical Industry Co'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.
Toho Chemical Industry Co Debt-to-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Toho Chemical Industry Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Toho Chemical Industry Co'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.
Toho Chemical Industry Co (TSE:4409) has a Debt-to-Equity of 1.19 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Toho Chemical Industry Co and its competitors. This is 28% below median its historical median of 1.66. Over the past decade, Toho Chemical Industry Co's Debt-to-Equity has ranged from 1.19 to 2.06. According to the industry distribution chart, Toho Chemical Industry Co ranks #1205 out of 1420 companies in the Chemicals industry, placing it in the top 84.9%.
Is Toho Chemical Industry Co's Debt-to-Equity too high?
Toho Chemical Industry Co's current Debt-to-Equity of 1.19 is 28% below median its 10-year median of 1.66. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 2.06. The Chemicals industry median Debt-to-Equity is 0.37. Toho Chemical Industry Co's value of 1.19 is 221.6% above this industry median. Based on the distribution chart, Toho Chemical Industry Co ranks #1205 out of 1420 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Toho Chemical Industry Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Chemical Industry Co's Debt-to-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Toho Chemical Industry Co ranks #1205 out of 1420 companies for Debt-to-Equity. This places Toho Chemical Industry Co in the lower half of its industry. The industry median Debt-to-Equity is 0.37. Toho Chemical Industry Co's value of 1.19 is 221.6% above this benchmark. Historically, Toho Chemical Industry Co's own Debt-to-Equity has ranged from 1.19 to 2.06 over the past decade. While the company's 10-year median is 1.66 vs. the industry median of 0.37, Toho Chemical Industry Co 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 Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.37, based on 1,420 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. Toho Chemical Industry Co's current Debt-to-Equity of 1.19 is 221.6% 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 Toho Chemical Industry Co and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Chemical Industry Co's current Debt-to-Equity is 1.19, which is 28% below median its own 10-year median of 1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Chemical Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Toho Chemical Industry Co (TSE:4409) is currently considered Modestly Overvalued. The stock's GF Value™ is 円625.63, compared to a current price of 円784.00 — trading 25.3% above its estimated fair value. The current Debt-to-Equity is 1.19, which is 28% below median its 10-year median of 1.66 and 221.6% above the Chemicals industry median of 0.37. Toho Chemical Industry Co's overall GF Score™ is 60/100 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 Toho Chemical Industry Co (TSE:4409), the current Debt-to-Equity is 1.19 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 Toho Chemical Industry Co (TSE:4409) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Chemical Industry Co stock appears to be overvalued.
The current stock price of 円784.00 is trading 25.3% above its estimated GF Value™ of 円625.63.
GuruFocus considers Toho Chemical Industry Co to be Modestly Overvalued.
Key valuation signals for TSE:4409:
Debt-to-Equity: 1.19 (28% below median its 10-year median of 1.66)
GF Value™: 円625.63 vs. price of 円784.00 (25.3% above fair value)
Industry Position: 221.6% above the Chemicals median (#1205 of 1420)
No single metric tells the full story. See the TSE:4409 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Chemical Industry Co Ltd is engaged in the chemical business. Its product lines are surfactants, specialty chemicals, resins, and industrial chemicals. Some of its products are chemicals for textiles, detergents, pharmaceutical formulations, and others. The company serves a range of industries from daily consumables to high-tech products industries.
60GF Score
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