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.
The Wharf (Holdings)WARFF 66 Debt-to-Equity is 0.12 as of Dec. 2025, which is 43% below its 10-year median of 0.21. GuruFocus rates WARFF with a GF Score™ of 66/100 and a GF Value™ of $2.20. The stock has 6 warning signs investors should review. Among 1,544 Real Estate companies, The Wharf (Holdings) ranks better than 85.56% 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 The Wharf (Holdings)'s Debt-to-Equity or its related term are showing as below:
WARFF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.21 Max: 0.32
Current: 0.12
During the past 13 years, the highest Debt-to-Equity Ratio of The Wharf (Holdings) was 0.32. The lowest was 0.12. And the median was 0.21.
WARFF's Debt-to-Equity is ranked better than 85.56% of 1544
companies
in the Real Estate industry
Industry Median: 0.75
vs WARFF: 0.12
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.
The Wharf (Holdings) Debt-to-Equity Related Terms
The Wharf (Holdings) Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for The Wharf (Holdings)'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.
The Wharf (Holdings) Debt-to-Equity Competitor Comparison
For the Real Estate - Development subindustry, The Wharf (Holdings)'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.
The Wharf (Holdings) Debt-to-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, The Wharf (Holdings)'s Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where The Wharf (Holdings)'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.
The Wharf (Holdings) (WARFF) has a Debt-to-Equity of 0.12 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on The Wharf (Holdings) and its competitors. This is 43% below median its historical median of 0.21. Over the past decade, The Wharf (Holdings)'s Debt-to-Equity has ranged from 0.12 to 0.32. According to the industry distribution chart, The Wharf (Holdings) ranks #223 out of 1544 companies in the Real Estate industry, placing it in the top 14.4%.
Is The Wharf (Holdings)'s Debt-to-Equity too high?
The Wharf (Holdings)'s current Debt-to-Equity of 0.12 is 43% below median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.32. The Real Estate industry median Debt-to-Equity is 0.75. The Wharf (Holdings)'s value of 0.12 is 84% below this industry median. Based on the distribution chart, The Wharf (Holdings) ranks #223 out of 1544 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, The Wharf (Holdings) has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does The Wharf (Holdings)'s Debt-to-Equity compare to competitors?
According to the Real Estate industry distribution chart, The Wharf (Holdings) ranks #223 out of 1544 companies for Debt-to-Equity. This places The Wharf (Holdings) in the top 14% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.75. The Wharf (Holdings)'s value of 0.12 is 84% below this benchmark. Historically, The Wharf (Holdings)'s own Debt-to-Equity has ranged from 0.12 to 0.32 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 0.75, The Wharf (Holdings) 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 Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.75, based on 1,544 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. The Wharf (Holdings)'s current Debt-to-Equity of 0.12 is 84% 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 The Wharf (Holdings) 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. The Wharf (Holdings)'s current Debt-to-Equity is 0.12, which is 43% below median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Wharf (Holdings) stock overvalued right now?
The Wharf (Holdings) (WARFF) has a current Debt-to-Equity of 0.12. The stock's GF Value™ is $2.20, compared to a current price of $2.99 — trading 35.7% above its estimated fair value. The current Debt-to-Equity is 0.12, which is 43% below median its 10-year median of 0.21 and 84% below the Real Estate industry median of 0.75. The Wharf (Holdings)'s overall GF Score™ is 66/100 with 6 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 The Wharf (Holdings) (WARFF), the current Debt-to-Equity is 0.12 as of Dec. 2025. 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 The Wharf (Holdings) (WARFF) Overvalued in 2026?
Based on GuruFocus' analysis, The Wharf (Holdings) stock appears to be overvalued.
The current stock price of $2.99 is trading 35.7% above its estimated GF Value™ of $2.20.
Key valuation signals for WARFF:
Debt-to-Equity: 0.12 (43% below median its 10-year median of 0.21)
GF Value™: $2.20 vs. price of $2.99 (35.7% above fair value)
Industry Position: 84% below the Real Estate median (#223 of 1544)
No single metric tells the full story. See the WARFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Wharf (Holdings) Ltd has determined five reportable operating segments for measuring performance and allocating resources. The segments are investment properties, development properties, hotels, logistics, and investments. The investment properties segment mainly includes property leasing & management operations. The development properties segment encompasses activities relating to the acquisition, development, sales, and marketing of the Group's trading properties. The hotel segment includes hotel management in Asia. The logistics segment mainly includes container terminal operations. The investment segment includes a diversified portfolio of listed equity investments. The majority is from the Development Properties segment. Geographically, the majority is from Mainland China.
66GF Score
Get the complete analysis for WARFF
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
WARFF has been successfully added to your 
