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.
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.
FCETSE:9564 +0.17%88 Debt-to-Equity is 0.06 as of Mar. 2026, which is 68% below its 10-year median of 0.19. GuruFocus rates TSE:9564 with a GF Score™ of 88/100 and a GF Value™ of 円573.45 (Fairly Valued). The stock has 1 warning sign investors should review. Among 508 Conglomerates companies, FCE ranks better than 90.75% 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 FCE's Debt-to-Equity or its related term are showing as below:
TSE:9564'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.19 Max: 0.57
Current: 0.05
During the past 6 years, the highest Debt-to-Equity Ratio of FCE was 0.57. The lowest was 0.06. And the median was 0.19.
TSE:9564's Debt-to-Equity is ranked better than 90.75% of 508
companies
in the Conglomerates industry
Industry Median: 0.53
vs TSE:9564: 0.05
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.
FCE Debt-to-Equity Related Terms
FCE Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for FCE'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.
For the Conglomerates subindustry, FCE'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.
FCE Debt-to-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, FCE's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where FCE'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.
FCE (TSE:9564) has a Debt-to-Equity of 0.06 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on FCE and its competitors. This is 68% below median its historical median of 0.19. Over the past decade, FCE's Debt-to-Equity has ranged from 0.06 to 0.57. According to the industry distribution chart, FCE ranks #47 out of 508 companies in the Conglomerates industry, placing it in the top 9.3%.
Is FCE's Debt-to-Equity too high?
FCE's current Debt-to-Equity of 0.06 is 68% below median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.57. The Conglomerates industry median Debt-to-Equity is 0.53. FCE's value of 0.06 is 88.7% below this industry median. Based on the distribution chart, FCE ranks #47 out of 508 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, FCE has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FCE's Debt-to-Equity compare to MMM and HON?
According to the Conglomerates industry distribution chart, FCE ranks #47 out of 508 companies for Debt-to-Equity. This places FCE in the top 9% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.53. FCE's value of 0.06 is 88.7% below this benchmark. Historically, FCE's own Debt-to-Equity has ranged from 0.06 to 0.57 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.53, FCE 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 Conglomerates company?
The median Debt-to-Equity among Conglomerates companies is 0.53, based on 508 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. FCE's current Debt-to-Equity of 0.06 is 88.7% 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 FCE and its competitors. For the Conglomerates industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FCE's current Debt-to-Equity is 0.06, which is 68% below median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FCE stock overvalued right now?
Based on GuruFocus' analysis, FCE (TSE:9564) is currently considered Fairly Valued. The stock's GF Value™ is 円573.45, compared to a current price of 円598.00 — trading 4.3% above its estimated fair value. The current Debt-to-Equity is 0.06, which is 68% below median its 10-year median of 0.19 and 88.7% below the Conglomerates industry median of 0.53. FCE's overall GF Score™ is 88/100 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 FCE (TSE:9564), the current Debt-to-Equity is 0.06 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 FCE (TSE:9564) Overvalued in 2026?
Based on GuruFocus' analysis, FCE stock appears to be overvalued.
The current stock price of 円598.00 is trading 4.3% above its estimated GF Value™ of 円573.45.
GuruFocus considers FCE to be Fairly Valued.
Key valuation signals for TSE:9564:
Debt-to-Equity: 0.06 (68% below median its 10-year median of 0.19)
GF Value™: 円573.45 vs. price of 円598.00 (4.3% above fair value)
Industry Position: 88.7% below the Conglomerates median (#47 of 508)
No single metric tells the full story. See the TSE:9564 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FCE Inc is engaged in the managing a group of companies that offer services in industries such as education, training, digital transformation, and related operations. It has business segments such as DX Promotion Business, Education and Training Business, and Publishing Business.
88GF Score
Get the complete analysis for TSE:9564
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:9564 has been successfully added to your 
