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Techno Horizon CoTSE:6629 +1.44%59 Debt-to-Equity is 1.11 as of Mar. 2026, which is 24% below its 10-year median of 1.46. GuruFocus rates TSE:6629 with a GF Score™ of 59/100 and a GF Value™ of 円531.54 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,224 Hardware companies, Techno Horizon Co ranks worse than 87.46% 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 Techno Horizon Co's Debt-to-Equity or its related term are showing as below:
TSE:6629'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.11 Med: 1.46 Max: 1.87
Current: 1.15
During the past 13 years, the highest Debt-to-Equity Ratio of Techno Horizon Co was 1.87. The lowest was 1.11. And the median was 1.46.
TSE:6629's Debt-to-Equity is ranked worse than 87.46% of 2224
companies
in the Hardware industry
Industry Median: 0.28
vs TSE:6629: 1.15
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.
Techno Horizon Co Debt-to-Equity Related Terms
Techno Horizon Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Techno Horizon Co'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:6629 vs APH, GLW, TEL: Debt-to-Equity Comparison
For the Electronic Components subindustry, Techno Horizon 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.
Techno Horizon Co Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Techno Horizon Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Techno Horizon 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.
Techno Horizon Co (TSE:6629) has a Debt-to-Equity of 1.11 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Techno Horizon Co and its competitors. This is 24% below median its historical median of 1.46. Over the past decade, Techno Horizon Co's Debt-to-Equity has ranged from 1.11 to 1.87. According to the industry distribution chart, Techno Horizon Co ranks #1945 out of 2224 companies in the Hardware industry, placing it in the top 87.5%.
Is Techno Horizon Co's Debt-to-Equity too high?
Techno Horizon Co's current Debt-to-Equity of 1.11 is 24% below median its 10-year median of 1.46. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 1.87. The Hardware industry median Debt-to-Equity is 0.28. Techno Horizon Co's value of 1.11 is 296.4% above this industry median. Based on the distribution chart, Techno Horizon Co ranks #1945 out of 2224 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Techno Horizon Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Techno Horizon Co's Debt-to-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Techno Horizon Co ranks #1945 out of 2224 companies for Debt-to-Equity. This places Techno Horizon Co in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Techno Horizon Co's value of 1.11 is 296.4% above this benchmark. Historically, Techno Horizon Co's own Debt-to-Equity has ranged from 1.11 to 1.87 over the past decade. While the company's 10-year median is 1.46 vs. the industry median of 0.28, Techno Horizon 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.28, based on 2,224 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. Techno Horizon Co's current Debt-to-Equity of 1.11 is 296.4% 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 Techno Horizon Co and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Horizon Co's current Debt-to-Equity is 1.11, which is 24% below median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Horizon Co stock overvalued right now?
Based on GuruFocus' analysis, Techno Horizon Co (TSE:6629) is currently considered Significantly Overvalued. The stock's GF Value™ is 円531.54, compared to a current price of 円983.00 — trading 84.9% above its estimated fair value. The current Debt-to-Equity is 1.11, which is 24% below median its 10-year median of 1.46 and 296.4% above the Hardware industry median of 0.28. Techno Horizon Co's overall GF Score™ is 59/100 with 3 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 Techno Horizon Co (TSE:6629), the current Debt-to-Equity is 1.11 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 Techno Horizon Co (TSE:6629) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Horizon Co stock appears to be overvalued.
The current stock price of 円983.00 is trading 84.9% above its estimated GF Value™ of 円531.54.
GuruFocus considers Techno Horizon Co to be Significantly Overvalued.
Key valuation signals for TSE:6629:
Debt-to-Equity: 1.11 (24% below median its 10-year median of 1.46)
GF Value™: 円531.54 vs. price of 円983.00 (84.9% above fair value)
Industry Position: 296.4% above the Hardware median (#1945 of 2224)
No single metric tells the full story. See the TSE:6629 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Horizon Co Ltd is a Japan-based company engaged in optical business and electronic business. The company manufactures and sells optical, electrical, medical, and precision equipment; develops, manufactures, and sells information and communication equipment, FA related equipment, and other electronic devices; and produces and sells various optical lenses and plastic moulded products, as well as provides system integration services.
59GF Score
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