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ASICSTSE:7936 +1.69%89 Debt-to-Equity is 0.28 as of Jun. 2026, which is 45% below its 10-year median of 0.51. GuruFocus rates TSE:7936 with a GF Score™ of 89/100 and a GF Value™ of 円4,680.43 (Fairly Valued). Among 933 Manufacturing - Apparel & Accessories companies, ASICS ranks better than 60.34% 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 ASICS's Debt-to-Equity or its related term are showing as below:
TSE:7936'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.51 Max: 0.97
Current: 0.28
During the past 13 years, the highest Debt-to-Equity Ratio of ASICS was 0.97. The lowest was 0.24. And the median was 0.51.
TSE:7936's Debt-to-Equity is ranked better than 60.34% of 933
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.41
vs TSE:7936: 0.28
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.
ASICS Debt-to-Equity Related Terms
ASICS Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for ASICS'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:7936 vs NKE, DECK, ONON: Debt-to-Equity Comparison
For the Footwear & Accessories subindustry, ASICS'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.
ASICS Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, ASICS's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where ASICS'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.
ASICS (TSE:7936) has a Debt-to-Equity of 0.28 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ASICS and its competitors. This is 45% below median its historical median of 0.51. Over the past decade, ASICS's Debt-to-Equity has ranged from 0.24 to 0.97. According to the industry distribution chart, ASICS ranks #370 out of 933 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 39.7%.
Is ASICS's Debt-to-Equity too high?
ASICS's current Debt-to-Equity of 0.28 is 45% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.97. The Manufacturing - Apparel & Accessories industry median Debt-to-Equity is 0.41. ASICS's value of 0.28 is 31.7% below this industry median. Based on the distribution chart, ASICS ranks #370 out of 933 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, ASICS has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ASICS's Debt-to-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, ASICS ranks #370 out of 933 companies for Debt-to-Equity. This puts ASICS in the upper half of its industry. The industry median Debt-to-Equity is 0.41. ASICS's value of 0.28 is 31.7% below this benchmark. Historically, ASICS's own Debt-to-Equity has ranged from 0.24 to 0.97 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.41, ASICS 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.41, based on 933 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. ASICS's current Debt-to-Equity of 0.28 is 31.7% 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 ASICS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASICS's current Debt-to-Equity is 0.28, which is 45% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASICS stock overvalued right now?
Based on GuruFocus' analysis, ASICS (TSE:7936) is currently considered Fairly Valued. The stock's GF Value™ is 円4,680.43, compared to a current price of 円4,266.00 — trading 8.9% below its estimated fair value. The current Debt-to-Equity is 0.28, which is 45% below median its 10-year median of 0.51 and 31.7% below the Manufacturing - Apparel & Accessories industry median of 0.41. ASICS's overall GF Score™ is 89/100. 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 ASICS (TSE:7936), the current Debt-to-Equity is 0.28 as of Jun. 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 ASICS (TSE:7936) Overvalued in 2026?
Based on GuruFocus' analysis, ASICS stock appears to be undervalued.
The current stock price of 円4,266.00 is trading 8.9% below its estimated GF Value™ of 円4,680.43.
GuruFocus considers ASICS to be Fairly Valued.
Key valuation signals for TSE:7936:
Debt-to-Equity: 0.28 (45% below median its 10-year median of 0.51)
GF Value™: 円4,680.43 vs. price of 円4,266.00 (8.9% below fair value)
Industry Position: 31.7% below the Manufacturing - Apparel & Accessories median (#370 of 933)
No single metric tells the full story. See the TSE:7936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1949 in Kobe, Japan, Asics is a leading sports footwear brand specializing in performance running shoes. Asics is well-known for its stability running shoe Gel-Kayano, which has been popular among runners for over 30 years thanks to its cushioning technology. It also owns Onitsuka Tiger, which is currently positioned as a premium sportswear lifestyle brand. In 2025, Asics had annual sales of over JPY 810 billion and command over 10% of the global performance running market share.
89GF Score
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