Echo Investment (WAR:ECH) Debt-to-Equity: 2.19 (As of Mar. 2026) — 34% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

WAR:ECH Echo Investment SA WAR:ECH
73 GF Score
Price zł4.92
GF Value zł7.83
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Echo Investment Debt-to-Equity?

Echo Investment WAR:ECH -0.61% 73 Debt-to-Equity is 2.19 as of Mar. 2026, which is 34% above its 10-year median of 1.64. GuruFocus rates WAR:ECH with a GF Score™ of 73/100 and a GF Value™ of zł7.83 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,542 Real Estate companies, Echo Investment ranks worse than 85.8% on this metric.

Echo Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was zł1,097 Mil. Echo Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was zł1,816 Mil. Echo Investment's Total Stockholders Equity for the quarter that ended in Mar. 2026 was zł1,329 Mil. Echo Investment's debt to equity for the quarter that ended in Mar. 2026 was 2.19.

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 Echo Investment's Debt-to-Equity or its related term are showing as below:

WAR:ECH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68   Med: 1.64   Max: 2.34
Current: 2.19

During the past 13 years, the highest Debt-to-Equity Ratio of Echo Investment was 2.34. The lowest was 0.68. And the median was 1.64.

WAR:ECH's Debt-to-Equity is ranked worse than
85.8% of 1542 companies
in the Real Estate industry
Industry Median: 0.73 vs WAR:ECH: 2.19

Echo Investment  (WAR:ECH) 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.


Echo Investment Debt-to-Equity Related Terms


Echo Investment Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Echo Investment'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.

Echo Investment Debt-to-Equity Chart

Echo Investment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.86 1.62 1.70 1.94 2.34

Echo Investment Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.13 1.92 2.09 2.34 2.19

Echo Investment Debt-to-Equity Competitor Comparison

For the Real Estate - Diversified subindustry, Echo Investment'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.


Echo Investment Debt-to-Equity vs Real Estate Industry

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

* The bar in red indicates where Echo Investment's Debt-to-Equity falls into.


WAR:ECH
73GF Score
Echo Investment SA WAR:ECH
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Echo Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Echo Investment's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Echo Investment'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 2.19 mean?
Echo Investment (WAR:ECH) has a Debt-to-Equity of 2.19 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Echo Investment and its competitors. This is 34% above median its historical median of 1.64. Over the past decade, Echo Investment's Debt-to-Equity has ranged from 0.68 to 2.34. According to the industry distribution chart, Echo Investment ranks #1323 out of 1542 companies in the Real Estate industry, placing it in the top 85.8%.
Is Echo Investment's Debt-to-Equity too high?
Echo Investment's current Debt-to-Equity of 2.19 is 34% above median its 10-year median of 1.64. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 2.34. The Real Estate industry median Debt-to-Equity is 0.73. Echo Investment's value of 2.19 is 200% above this industry median. Based on the distribution chart, Echo Investment ranks #1323 out of 1542 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Echo Investment has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Echo Investment's Debt-to-Equity compare to competitors?
According to the Real Estate industry distribution chart, Echo Investment ranks #1323 out of 1542 companies for Debt-to-Equity. This places Echo Investment in the lower half of its industry. The industry median Debt-to-Equity is 0.73. Echo Investment's value of 2.19 is 200% above this benchmark. Historically, Echo Investment's own Debt-to-Equity has ranged from 0.68 to 2.34 over the past decade. While the company's 10-year median is 1.64 vs. the industry median of 0.73, Echo Investment 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 0.73, 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. Echo Investment's current Debt-to-Equity of 2.19 is 200% 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 Echo Investment and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Echo Investment's current Debt-to-Equity is 2.19, which is 34% above median its own 10-year median of 1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Echo Investment stock overvalued right now?
Based on GuruFocus' analysis, Echo Investment (WAR:ECH) is currently considered Possible Value Trap. The stock's GF Value™ is zł7.83, compared to a current price of zł4.92 — trading 37.2% below its estimated fair value. The current Debt-to-Equity is 2.19, which is 34% above median its 10-year median of 1.64 and 200% above the Real Estate industry median of 0.73. Echo Investment's overall GF Score™ is 73/100 with 7 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 Echo Investment (WAR:ECH), the current Debt-to-Equity is 2.19 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 Echo Investment (WAR:ECH) Overvalued in 2026?

Based on GuruFocus' analysis, Echo Investment stock appears to be undervalued. The current stock price of zł4.92 is trading 37.2% below its estimated GF Value™ of zł7.83. GuruFocus considers Echo Investment to be Possible Value Trap.

Key valuation signals for WAR:ECH:

  • Debt-to-Equity: 2.19 (34% above median its 10-year median of 1.64)
  • GF Value™: zł7.83 vs. price of zł4.92 (37.2% below fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 200% above the Real Estate median (#1323 of 1542)

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


Echo Investment Business Description

Other Exchanges 4I3:Germany
Address Al. Jana Pawła II 22, Warsaw Office Q22 building, Warsaw, POL, 00-133
Echo Investment SA is a Polish development company that builds projects in the office, retail, and residential sectors. The company divides its revenue-generating businesses into four categories: residential, shopping centers, office buildings, and others. The residential segment handles the rental and sale of properties. In the other segment, accounting, leasing, and development services for external clients generate revenue. The residential and retail segments are responsible for generating the largest portions of revenue. A majority of the company's revenue is earned in Poland.
73GF Score

Get the complete analysis for WAR:ECH

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

zł4.92
Price
zł7.83
GF Value