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VNET GroupVNET -2.84%57 Debt-to-Equity is 7.03 as of Mar. 2026, which is 345% above its 10-year median of 1.58. GuruFocus rates VNET with a GF Score™ of 57/100 and a GF Value™ of $4.37 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,243 Software companies, VNET Group ranks worse than 98.53% 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 VNET Group's Debt-to-Equity or its related term are showing as below:
VNET'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 1.58 Max: 7.03
Current: 7.03
During the past 13 years, the highest Debt-to-Equity Ratio of VNET Group was 7.03. The lowest was 0.48. And the median was 1.58.
VNET's Debt-to-Equity is ranked worse than 98.53% of 2243
companies
in the Software industry
Industry Median: 0.2
vs VNET: 7.03
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.
VNET Group Debt-to-Equity Related Terms
VNET Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for VNET Group'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.
VNET vs INOD, SHAZ, DXC: Debt-to-Equity Comparison
For the Information Technology Services subindustry, VNET Group'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.
VNET Group Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, VNET Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where VNET Group'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.
VNET Group (VNET) has a Debt-to-Equity of 7.03 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on VNET Group and its competitors. This is 345% above median its historical median of 1.58. Over the past decade, VNET Group's Debt-to-Equity has ranged from 0.48 to 7.03. According to the industry distribution chart, VNET Group ranks #2210 out of 2243 companies in the Software industry, placing it in the top 98.5%.
Is VNET Group's Debt-to-Equity too high?
VNET Group's current Debt-to-Equity of 7.03 is 345% above median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 7.03. The Software industry median Debt-to-Equity is 0.20. VNET Group's value of 7.03 is 3415% above this industry median. Based on the distribution chart, VNET Group ranks #2210 out of 2243 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, VNET Group has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VNET Group's Debt-to-Equity compare to INOD and SHAZ?
According to the Software industry distribution chart, VNET Group ranks #2210 out of 2243 companies for Debt-to-Equity. This places VNET Group in the lower half of its industry. The industry median Debt-to-Equity is 0.20. VNET Group's value of 7.03 is 3415% above this benchmark. Historically, VNET Group's own Debt-to-Equity has ranged from 0.48 to 7.03 over the past decade. While the company's 10-year median is 1.58 vs. the industry median of 0.20, VNET Group 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 Software company?
The median Debt-to-Equity among Software companies is 0.20, based on 2,243 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. VNET Group's current Debt-to-Equity of 7.03 is 3415% 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 VNET Group and its competitors. For the Software industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VNET Group's current Debt-to-Equity is 7.03, which is 345% above median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNET Group stock overvalued right now?
Based on GuruFocus' analysis, VNET Group (VNET) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.37, compared to a current price of $7.01 — trading 60.4% above its estimated fair value. The current Debt-to-Equity is 7.03, which is 345% above median its 10-year median of 1.58 and 3415% above the Software industry median of 0.20. VNET Group's overall GF Score™ is 57/100 with 8 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 VNET Group (VNET), the current Debt-to-Equity is 7.03 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 VNET Group (VNET) Overvalued in 2026?
Based on GuruFocus' analysis, VNET Group stock appears to be overvalued.
The current stock price of $7.01 is trading 60.4% above its estimated GF Value™ of $4.37.
GuruFocus considers VNET Group to be Significantly Overvalued.
Key valuation signals for VNET:
Debt-to-Equity: 7.03 (345% above median its 10-year median of 1.58)
GF Value™: $4.37 vs. price of $7.01 (60.4% above fair value)
Industry Position: 3415% above the Software median (#2210 of 2243)
No single metric tells the full story. See the VNET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
57GF Score
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