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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 Note's Debt-to-Equity or its related term are showing as below:
TSE:5243'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.28
Current: 0.09
During the past 6 years, the highest Debt-to-Equity Ratio of Note was 0.28. The lowest was 0.03. And the median was 0.10.
TSE:5243's Debt-to-Equity is ranked better than 68% of 2247
companies
in the Software industry
Industry Median: 0.2
vs TSE:5243: 0.09
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.
Note Debt-to-Equity Related Terms
Note Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Note'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:5243 vs QH, SHOP, UBER: Debt-to-Equity Comparison
For the Software - Application subindustry, Note'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.
Note Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Note's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Note'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.
Note (TSE:5243) has a Debt-to-Equity of 0.00 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Note and its competitors. Over the past decade, Note's Debt-to-Equity has ranged from 0.03 to 0.28. According to the industry distribution chart, Note ranks #719 out of 2247 companies in the Software industry, placing it in the top 32%.
Is Note's Debt-to-Equity too high?
Note's current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.28. Based on the distribution chart, Note ranks #719 out of 2247 companies in the Software industry, which is above the industry midpoint. Overall, Note has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Note's Debt-to-Equity compare to QH and SHOP?
According to the Software industry distribution chart, Note ranks #719 out of 2247 companies for Debt-to-Equity. This puts Note in the upper half of its industry. The industry median Debt-to-Equity is 0.20. Historically, Note's own Debt-to-Equity has ranged from 0.03 to 0.28 over the past decade. 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 2,247 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. 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 Note 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. Note's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Note stock overvalued right now?
Based on GuruFocus' analysis, Note (TSE:5243) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,088.15, compared to a current price of 円3,085.00 — trading 183.5% above its estimated fair value. The current Debt-to-Equity is 0.00. Note's overall GF Score™ is 60/100 with 5 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 Note (TSE:5243), the current Debt-to-Equity is 0.00 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 Note (TSE:5243) Overvalued in 2026?
Based on GuruFocus' analysis, Note stock appears to be overvalued.
The current stock price of 円3,085.00 is trading 183.5% above its estimated GF Value™ of 円1,088.15.
GuruFocus considers Note to be Significantly Overvalued.
Key valuation signals for TSE:5243:
Debt-to-Equity: 0.00
GF Value™: 円1,088.15 vs. price of 円3,085.00 (183.5% above fair value)
No single metric tells the full story. See the TSE:5243 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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