Land Business Co (TSE:8944) Debt-to-Equity: 1.85 (As of Mar. 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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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:8944 Land Business Co Ltd TSE:8944
68 GF Score
Price 円243.00
GF Value 円543.46
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Land Business Co Debt-to-Equity?

Land Business Co TSE:8944 +0.41% 68 Debt-to-Equity is 1.85 as of Mar. 2026, which is 8% above its 10-year median of 1.71. GuruFocus rates TSE:8944 with a GF Score™ of 68/100 and a GF Value™ of 円543.46 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,542 Real Estate companies, Land Business Co ranks worse than 78.08% on this metric.

Land Business Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円4,762 Mil. Land Business Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円25,920 Mil. Land Business Co's Total Stockholders Equity for the quarter that ended in Mar. 2026 was 円16,605 Mil. Land Business Co's debt to equity for the quarter that ended in Mar. 2026 was 1.85.

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 Land Business Co's Debt-to-Equity or its related term are showing as below:

TSE:8944' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.47   Med: 1.71   Max: 2.1
Current: 1.71

During the past 13 years, the highest Debt-to-Equity Ratio of Land Business Co was 2.10. The lowest was 1.47. And the median was 1.71.

TSE:8944's Debt-to-Equity is ranked worse than
78.08% of 1542 companies
in the Real Estate industry
Industry Median: 0.75 vs TSE:8944: 1.71

Land Business Co  (TSE:8944) 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.


Land Business Co Debt-to-Equity Related Terms


Land Business Co Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Land Business 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.

Land Business Co Debt-to-Equity Chart

Land Business Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.74 1.71 1.59 1.80 2.08

Land Business Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 2.01 2.08 2.10 1.85 1.71

TSE:8944 vs CBRE, BEKE, JLL: Debt-to-Equity Comparison

For the Real Estate Services subindustry, Land Business 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.


Land Business Co Debt-to-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Land Business Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Land Business Co's Debt-to-Equity falls into.


TSE:8944
68GF Score
Land Business Co Ltd TSE:8944
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Land Business Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Land Business Co's Debt to Equity Ratio for the fiscal year that ended in Sep. 2025 is calculated as

Land Business Co's Debt to Equity Ratio for the quarter that ended in Mar. 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 1.85 mean?
Land Business Co (TSE:8944) has a Debt-to-Equity of 1.85 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Land Business Co and its competitors. This is near median its historical median of 1.71. Over the past decade, Land Business Co's Debt-to-Equity has ranged from 1.47 to 2.10. According to the industry distribution chart, Land Business Co ranks #1204 out of 1542 companies in the Real Estate industry, placing it in the top 78.1%.
Is Land Business Co's Debt-to-Equity too high?
Land Business Co's current Debt-to-Equity of 1.85 is near median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 2.10. The Real Estate industry median Debt-to-Equity is 0.75. Land Business Co's value of 1.85 is 146.7% above this industry median. Based on the distribution chart, Land Business Co ranks #1204 out of 1542 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Land Business Co has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Land Business Co's Debt-to-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Land Business Co ranks #1204 out of 1542 companies for Debt-to-Equity. This places Land Business Co in the lower half of its industry. The industry median Debt-to-Equity is 0.75. Land Business Co's value of 1.85 is 146.7% above this benchmark. Historically, Land Business Co's own Debt-to-Equity has ranged from 1.47 to 2.10 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 0.75, Land Business 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 Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.75, based on 1,542 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. Land Business Co's current Debt-to-Equity of 1.85 is 146.7% 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 Land Business Co and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Land Business Co's current Debt-to-Equity is 1.85, which is near median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Land Business Co stock overvalued right now?
Based on GuruFocus' analysis, Land Business Co (TSE:8944) is currently considered Possible Value Trap. The stock's GF Value™ is 円543.46, compared to a current price of 円243.00 — trading 55.3% below its estimated fair value. The current Debt-to-Equity is 1.85, which is near median its 10-year median of 1.71 and 146.7% above the Real Estate industry median of 0.75. Land Business Co's overall GF Score™ is 68/100 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 Land Business Co (TSE:8944), the current Debt-to-Equity is 1.85 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 Land Business Co (TSE:8944) Overvalued in 2026?

Based on GuruFocus' analysis, Land Business Co stock appears to be undervalued. The current stock price of 円243.00 is trading 55.3% below its estimated GF Value™ of 円543.46. GuruFocus considers Land Business Co to be Possible Value Trap.

Key valuation signals for TSE:8944:

  • Debt-to-Equity: 1.85 (near median its 10-year median of 1.71)
  • GF Value™: 円543.46 vs. price of 円243.00 (55.3% below fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 146.7% above the Real Estate median (#1204 of 1542)

No single metric tells the full story. See the TSE:8944 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Land Business Co Business Description

Address Kasumigaseki 3-2-5, Kasumigaseki Building 30th Floor, Chiyoda-ku, Tokyo, JPN
Land Business Co Ltd is a real estate services company based in Japan. The company operates through two segments: Real Estate Investment business and Design and Construction business. In the Real Estate Investment business, the company acquires land, inject the know-how, cultivated in the design and build office buildings. The Design and Construction business consists of design supervision business, building and consulting business to support real estate owners.
68GF Score

Get the complete analysis for TSE:8944

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

円243.00
Price
円543.46
GF Value