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Nichia Steel WorksTSE:5658 +2.57%68 Debt-to-Equity is 0.04 as of Mar. 2026, which is 69% below its 10-year median of 0.13. GuruFocus rates TSE:5658 with a GF Score™ of 68/100 and a GF Value™ of 円326.88 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,688 Industrial Products companies, Nichia Steel Works ranks better than 83.74% 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 Nichia Steel Works's Debt-to-Equity or its related term are showing as below:
TSE:5658'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.13 Max: 0.22
Current: 0.05
During the past 13 years, the highest Debt-to-Equity Ratio of Nichia Steel Works was 0.22. The lowest was 0.04. And the median was 0.13.
TSE:5658's Debt-to-Equity is ranked better than 83.74% of 2688
companies
in the Industrial Products industry
Industry Median: 0.29
vs TSE:5658: 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.
Nichia Steel Works Debt-to-Equity Related Terms
Nichia Steel Works Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Nichia Steel Works'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:5658 vs SNA, RBC, SWK: Debt-to-Equity Comparison
For the Tools & Accessories subindustry, Nichia Steel Works'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.
Nichia Steel Works Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nichia Steel Works's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nichia Steel Works'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.
Nichia Steel Works (TSE:5658) has a Debt-to-Equity of 0.04 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nichia Steel Works and its competitors. This is 69% below median its historical median of 0.13. Over the past decade, Nichia Steel Works' Debt-to-Equity has ranged from 0.04 to 0.22. According to the industry distribution chart, Nichia Steel Works ranks #437 out of 2688 companies in the Industrial Products industry, placing it in the top 16.3%.
Is Nichia Steel Works' Debt-to-Equity too high?
Nichia Steel Works' current Debt-to-Equity of 0.04 is 69% below median its 10-year median of 0.13. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.22. The Industrial Products industry median Debt-to-Equity is 0.29. Nichia Steel Works' value of 0.04 is 86.2% below this industry median. Based on the distribution chart, Nichia Steel Works ranks #437 out of 2688 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Nichia Steel Works has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nichia Steel Works' Debt-to-Equity compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Nichia Steel Works ranks #437 out of 2688 companies for Debt-to-Equity. This places Nichia Steel Works in the top 16% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.29. Nichia Steel Works' value of 0.04 is 86.2% below this benchmark. Historically, Nichia Steel Works' own Debt-to-Equity has ranged from 0.04 to 0.22 over the past decade. While the company's 10-year median is 0.13 vs. the industry median of 0.29, Nichia Steel Works 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 an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.29, based on 2,688 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. Nichia Steel Works's current Debt-to-Equity of 0.04 is 86.2% 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 Nichia Steel Works and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichia Steel Works's current Debt-to-Equity is 0.04, which is 69% below median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichia Steel Works stock overvalued right now?
Based on GuruFocus' analysis, Nichia Steel Works (TSE:5658) is currently considered Modestly Overvalued. The stock's GF Value™ is 円326.88, compared to a current price of 円399.00 — trading 22.1% above its estimated fair value. The current Debt-to-Equity is 0.04, which is 69% below median its 10-year median of 0.13 and 86.2% below the Industrial Products industry median of 0.29. Nichia Steel Works' overall GF Score™ is 68/100 with 6 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 Nichia Steel Works (TSE:5658), the current Debt-to-Equity is 0.04 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 Nichia Steel Works (TSE:5658) Overvalued in 2026?
Based on GuruFocus' analysis, Nichia Steel Works stock appears to be overvalued.
The current stock price of 円399.00 is trading 22.1% above its estimated GF Value™ of 円326.88.
GuruFocus considers Nichia Steel Works to be Modestly Overvalued.
Key valuation signals for TSE:5658:
Debt-to-Equity: 0.04 (69% below median its 10-year median of 0.13)
GF Value™: 円326.88 vs. price of 円399.00 (22.1% above fair value)
Industry Position: 86.2% below the Industrial Products median (#437 of 2688)
No single metric tells the full story. See the TSE:5658 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nichia Steel Works Ltd is a manufacturer of steel wire products, fasteners and related products. The products are used in various fields such as construction and civil infrastructure. It offers low carbon steel wire products, hard drawn steel wire products, fasteners & special products and other special finished products.
68GF Score
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