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Cognor HoldingWAR:COG -0.54%66 Debt-to-Equity is 0.69 as of Mar. 2026, which is 17% below its 10-year median of 0.83. GuruFocus rates WAR:COG with a GF Score™ of 66/100 and a GF Value™ of zł5.65 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 548 Steel companies, Cognor Holding ranks worse than 66.97% 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 Cognor Holding's Debt-to-Equity or its related term are showing as below:
WAR:COG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.83 Max: 3.26
Current: 0.69
During the past 13 years, the highest Debt-to-Equity Ratio of Cognor Holding was 3.26. The lowest was 0.34. And the median was 0.83.
WAR:COG's Debt-to-Equity is ranked worse than 66.97% of 548
companies
in the Steel industry
Industry Median: 0.4
vs WAR:COG: 0.69
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.
Cognor Holding Debt-to-Equity Related Terms
Cognor Holding Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Cognor Holding'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.
WAR:COG vs NUE, STLD, RS: Debt-to-Equity Comparison
For the Steel subindustry, Cognor Holding'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.
Cognor Holding Debt-to-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Cognor Holding's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Cognor Holding'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.
Cognor Holding (WAR:COG) has a Debt-to-Equity of 0.69 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Cognor Holding and its competitors. This is 17% below median its historical median of 0.83. Over the past decade, Cognor Holding's Debt-to-Equity has ranged from 0.34 to 3.26. According to the industry distribution chart, Cognor Holding ranks #367 out of 548 companies in the Steel industry, placing it in the top 67%.
Is Cognor Holding's Debt-to-Equity too high?
Cognor Holding's current Debt-to-Equity of 0.69 is 17% below median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 3.26. The Steel industry median Debt-to-Equity is 0.40. Cognor Holding's value of 0.69 is 72.5% above this industry median. Based on the distribution chart, Cognor Holding ranks #367 out of 548 companies in the Steel industry, which is below the industry midpoint. Overall, Cognor Holding has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cognor Holding's Debt-to-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Cognor Holding ranks #367 out of 548 companies for Debt-to-Equity. This places Cognor Holding in the lower half of its industry. The industry median Debt-to-Equity is 0.40. Cognor Holding's value of 0.69 is 72.5% above this benchmark. Historically, Cognor Holding's own Debt-to-Equity has ranged from 0.34 to 3.26 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 0.40, Cognor Holding 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 Steel company?
The median Debt-to-Equity among Steel companies is 0.40, based on 548 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. Cognor Holding's current Debt-to-Equity of 0.69 is 72.5% 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 Cognor Holding and its competitors. For the Steel industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cognor Holding's current Debt-to-Equity is 0.69, which is 17% below median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cognor Holding stock overvalued right now?
Based on GuruFocus' analysis, Cognor Holding (WAR:COG) is currently considered Modestly Overvalued. The stock's GF Value™ is zł5.65, compared to a current price of zł6.39 — trading 13.1% above its estimated fair value. The current Debt-to-Equity is 0.69, which is 17% below median its 10-year median of 0.83 and 72.5% above the Steel industry median of 0.40. Cognor Holding's overall GF Score™ is 66/100 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 Cognor Holding (WAR:COG), the current Debt-to-Equity is 0.69 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 Cognor Holding (WAR:COG) Overvalued in 2026?
Based on GuruFocus' analysis, Cognor Holding stock appears to be overvalued.
The current stock price of zł6.39 is trading 13.1% above its estimated GF Value™ of zł5.65.
GuruFocus considers Cognor Holding to be Modestly Overvalued.
Key valuation signals for WAR:COG:
Debt-to-Equity: 0.69 (17% below median its 10-year median of 0.83)
GF Value™: zł5.65 vs. price of zł6.39 (13.1% above fair value)
Industry Position: 72.5% above the Steel median (#367 of 548)
No single metric tells the full story. See the WAR:COG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cognor Holding SA operates in the steel industry. Along with its subsidiaries, the company is engaged in the business of scrap collection, scrap processing into steel billets, and steel products. Its product portfolio comprises metal bars, steel scrap, steel slabs, flat plates, round bars, and steel alloys, among others. The group operates in the following business segments: Zlomrex Metal (ZLMET), HSJ, Ferrostal (FER), OMS, JAP, and Others. The majority of its revenue is generated from the Ferrostal (FER) segment, which is involved in the production and sale of semi-finished steel products (raw steel) and final steel products to external customers. Geographically, the group generates maximum revenue from Poland, followed by Germany, Czechia, and other countries.
66GF Score
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