ES-CON JAPAN (TSE:8892) Debt-to-Equity: 4.70 (As of Jun. 2026) — 79% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:8892 ES-CON JAPAN Ltd TSE:8892
68 GF Score
Price 円1,113.00
GF Value 円1,355.72
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is ES-CON JAPAN Debt-to-Equity?

ES-CON JAPAN TSE:8892 -1.42% 68 Debt-to-Equity is 4.70 as of Jun. 2026, which is 79% above its 10-year median of 2.62. GuruFocus rates TSE:8892 with a GF Score™ of 68/100 and a GF Value™ of 円1,355.72 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,546 Real Estate companies, ES-CON JAPAN ranks worse than 96.05% on this metric.

ES-CON JAPAN's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was 円69,564 Mil. ES-CON JAPAN's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was 円314,214 Mil. ES-CON JAPAN's Total Stockholders Equity for the quarter that ended in Jun. 2026 was 円82,376 Mil. ES-CON JAPAN's debt to equity for the quarter that ended in Jun. 2026 was 4.66.

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 ES-CON JAPAN's Debt-to-Equity or its related term are showing as below:

TSE:8892' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.53   Med: 2.62   Max: 4.26
Current: 4.66

During the past 13 years, the highest Debt-to-Equity Ratio of ES-CON JAPAN was 4.26. The lowest was 2.53. And the median was 2.62.

TSE:8892's Debt-to-Equity is ranked worse than
96.05% of 1546 companies
in the Real Estate industry
Industry Median: 0.74 vs TSE:8892: 4.66

ES-CON JAPAN  (TSE:8892) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


ES-CON JAPAN Debt-to-Equity Related Terms


ES-CON JAPAN Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for ES-CON JAPAN'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.

ES-CON JAPAN Debt-to-Equity Chart

ES-CON JAPAN Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.60 2.64 4.16 4.28 4.29

ES-CON JAPAN Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.85 4.92 4.63 4.29 4.70

ES-CON JAPAN Debt-to-Equity Competitor Comparison

For the Real Estate - Development subindustry, ES-CON JAPAN'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.


ES-CON JAPAN Debt-to-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, ES-CON JAPAN's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ES-CON JAPAN's Debt-to-Equity falls into.


TSE:8892
68GF Score
ES-CON JAPAN Ltd TSE:8892
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ES-CON JAPAN Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ES-CON JAPAN's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

ES-CON JAPAN's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 4.70 mean?
ES-CON JAPAN (TSE:8892) has a Debt-to-Equity of 4.70 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ES-CON JAPAN and its competitors. This is 79% above median its historical median of 2.62. Over the past decade, ES-CON JAPAN's Debt-to-Equity has ranged from 2.53 to 4.26. According to the industry distribution chart, ES-CON JAPAN ranks #1485 out of 1546 companies in the Real Estate industry, placing it in the top 96.1%.
Is ES-CON JAPAN's Debt-to-Equity too high?
ES-CON JAPAN's current Debt-to-Equity of 4.70 is 79% above median its 10-year median of 2.62. Over the past 10 years, this metric has ranged from a low of 2.53 to a high of 4.26. The Real Estate industry median Debt-to-Equity is 0.74. ES-CON JAPAN's value of 4.70 is 535.1% above this industry median. Based on the distribution chart, ES-CON JAPAN ranks #1485 out of 1546 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, ES-CON JAPAN has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ES-CON JAPAN's Debt-to-Equity compare to competitors?
According to the Real Estate industry distribution chart, ES-CON JAPAN ranks #1485 out of 1546 companies for Debt-to-Equity. This places ES-CON JAPAN in the lower half of its industry. The industry median Debt-to-Equity is 0.74. ES-CON JAPAN's value of 4.70 is 535.1% above this benchmark. Historically, ES-CON JAPAN's own Debt-to-Equity has ranged from 2.53 to 4.26 over the past decade. While the company's 10-year median is 2.62 vs. the industry median of 0.74, ES-CON JAPAN 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 Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.74, based on 1,546 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. ES-CON JAPAN's current Debt-to-Equity of 4.70 is 535.1% 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 ES-CON JAPAN and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ES-CON JAPAN's current Debt-to-Equity is 4.70, which is 79% above median its own 10-year median of 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ES-CON JAPAN stock overvalued right now?
Based on GuruFocus' analysis, ES-CON JAPAN (TSE:8892) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,355.72, compared to a current price of 円1,113.00 — trading 17.9% below its estimated fair value. The current Debt-to-Equity is 4.70, which is 79% above median its 10-year median of 2.62 and 535.1% above the Real Estate industry median of 0.74. ES-CON JAPAN's overall GF Score™ is 68/100 with 4 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 ES-CON JAPAN (TSE:8892), the current Debt-to-Equity is 4.70 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 ES-CON JAPAN (TSE:8892) Overvalued in 2026?

Based on GuruFocus' analysis, ES-CON JAPAN stock appears to be undervalued. The current stock price of 円1,113.00 is trading 17.9% below its estimated GF Value™ of 円1,355.72. GuruFocus considers ES-CON JAPAN to be Modestly Undervalued.

Key valuation signals for TSE:8892:

  • Debt-to-Equity: 4.70 (79% above median its 10-year median of 2.62)
  • GF Value™: 円1,355.72 vs. price of 円1,113.00 (17.9% below fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 535.1% above the Real Estate median (#1485 of 1546)

No single metric tells the full story. See the TSE:8892 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ES-CON JAPAN Business Description

Address 2-10-4 Toranomon, The Okura Prestige Tower 20th Floor, Minato-ku, Tokyo, JPN, 105-0001
ES-CON JAPAN Ltd is engaged in real estate development business. The company engages in New Urban Development, Residence, Commercial Facilities, Logistics Facilities, Hotels, Offices, Land Readjustment, Overseas, Social Development.
68GF Score

Get the complete analysis for TSE:8892

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,113.00
Price
円1,355.72
GF Value