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ESPECTSE:6859 +0.39%91 Debt-to-Equity is 0.01 as of Mar. 2026, which is at its 10-year median of 0.01. GuruFocus rates TSE:6859 with a GF Score™ of 91/100 and a GF Value™ of 円3,209.63 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,230 Hardware companies, ESPEC ranks better than 99.96% 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 ESPEC's Debt-to-Equity or its related term are showing as below:
TSE:6859'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.1
Current: 0.01
During the past 13 years, the highest Debt-to-Equity Ratio of ESPEC was 0.10. The lowest was 0.00. And the median was 0.01.
TSE:6859's Debt-to-Equity is ranked better than 99.96% of 2230
companies
in the Hardware industry
Industry Median: 0.28
vs TSE:6859: 0.01
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.
ESPEC Debt-to-Equity Related Terms
ESPEC Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for ESPEC'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:6859 vs GRMN, COHR, KEYS: Debt-to-Equity Comparison
For the Scientific & Technical Instruments subindustry, ESPEC'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.
ESPEC Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, ESPEC's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where ESPEC'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.
ESPEC (TSE:6859) has a Debt-to-Equity of 0.01 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ESPEC and its competitors. This is near median its historical median of 0.01. According to the industry distribution chart, ESPEC ranks #1 out of 2230 companies in the Hardware industry, placing it in the top 0%.
Is ESPEC's Debt-to-Equity too high?
ESPEC's current Debt-to-Equity of 0.01 is near median its 10-year median of 0.01. The Hardware industry median Debt-to-Equity is 0.28. ESPEC's value of 0.01 is 96.4% below this industry median. Based on the distribution chart, ESPEC ranks #1 out of 2230 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, ESPEC has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ESPEC's Debt-to-Equity compare to GRMN and COHR?
According to the Hardware industry distribution chart, ESPEC ranks #1 out of 2230 companies for Debt-to-Equity. This places ESPEC in the top 0% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.28. ESPEC's value of 0.01 is 96.4% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.28, ESPEC 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 a Hardware company?
The median Debt-to-Equity among Hardware companies is 0.28, based on 2,230 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. ESPEC's current Debt-to-Equity of 0.01 is 96.4% 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 ESPEC 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. ESPEC's current Debt-to-Equity is 0.01, which is near median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ESPEC stock overvalued right now?
Based on GuruFocus' analysis, ESPEC (TSE:6859) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,209.63, compared to a current price of 円3,830.00 — trading 19.3% above its estimated fair value. The current Debt-to-Equity is 0.01, which is near median its 10-year median of 0.01 and 96.4% below the Hardware industry median of 0.28. ESPEC's overall GF Score™ is 91/100 with 1 warning sign 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 ESPEC (TSE:6859), the current Debt-to-Equity is 0.01 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 ESPEC (TSE:6859) Overvalued in 2026?
Based on GuruFocus' analysis, ESPEC stock appears to be overvalued.
The current stock price of 円3,830.00 is trading 19.3% above its estimated GF Value™ of 円3,209.63.
GuruFocus considers ESPEC to be Modestly Overvalued.
Key valuation signals for TSE:6859:
Debt-to-Equity: 0.01 (near median its 10-year median of 0.01)
GF Value™: 円3,209.63 vs. price of 円3,830.00 (19.3% above fair value)
Industry Position: 96.4% below the Hardware median (#1 of 2230)
No single metric tells the full story. See the TSE:6859 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ESPEC Corp is a Japanese manufacturer of environmental test chambers. It is engaged in the business divisions of Equipment business, Service business and Other business. In the Equipment business, the company offers environmental test chambers, secondary battery-related equipment, measurement and evaluation systems and semiconductor-related equipment. In the Service business, the entity offers after-sales service and engineering, laboratory testing services and other services. The organization offers its products in Japan and other countries.
91GF Score
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