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Eco Wave Power Global ABWAVE -0.27%34 Debt-to-Equity is 0.26 as of Mar. 2026, which is 73% above its 10-year median of 0.15. GuruFocus rates WAVE with a GF Score™ of 34/100 and a GF Value™ of $1.52 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 397 Utilities - Independent Power Producers companies, Eco Wave Power Global AB ranks better than 76.57% 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 Eco Wave Power Global AB's Debt-to-Equity or its related term are showing as below:
WAVE'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.15 Max: 0.26
Current: 0.26
During the past 9 years, the highest Debt-to-Equity Ratio of Eco Wave Power Global AB was 0.26. The lowest was 0.02. And the median was 0.15.
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.
Eco Wave Power Global AB Debt-to-Equity Related Terms
Eco Wave Power Global AB Debt-to-Equity Historical Data
* 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.
WAVE vs STEM, NXXT, AGIG: Debt-to-Equity Comparison
For the Utilities - Renewable subindustry, Eco Wave Power Global AB'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.
Eco Wave Power Global AB Debt-to-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Eco Wave Power Global AB's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Eco Wave Power Global AB'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.
Eco Wave Power Global AB (WAVE) has a Debt-to-Equity of 0.26 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Eco Wave Power Global AB and its competitors. This is 73% above median its historical median of 0.15. Over the past decade, Eco Wave Power Global AB's Debt-to-Equity has ranged from 0.02 to 0.26. According to the industry distribution chart, Eco Wave Power Global AB ranks #93 out of 397 companies in the Utilities - Independent Power Producers industry, placing it in the top 23.4%.
Is Eco Wave Power Global AB's Debt-to-Equity too high?
Eco Wave Power Global AB's current Debt-to-Equity of 0.26 is 73% above median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.26. The Utilities - Independent Power Producers industry median Debt-to-Equity is 0.84. Eco Wave Power Global AB's value of 0.26 is 69% below this industry median. Based on the distribution chart, Eco Wave Power Global AB ranks #93 out of 397 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Eco Wave Power Global AB has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eco Wave Power Global AB's Debt-to-Equity compare to STEM and NXXT?
According to the Utilities - Independent Power Producers industry distribution chart, Eco Wave Power Global AB ranks #93 out of 397 companies for Debt-to-Equity. This places Eco Wave Power Global AB in the top 23% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.84. Eco Wave Power Global AB's value of 0.26 is 69% below this benchmark. Historically, Eco Wave Power Global AB's own Debt-to-Equity has ranged from 0.02 to 0.26 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 0.84, Eco Wave Power Global AB 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 an Utilities - Independent Power Producers company?
The median Debt-to-Equity among Utilities - Independent Power Producers companies is 0.84, based on 397 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. Eco Wave Power Global AB's current Debt-to-Equity of 0.26 is 69% 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 Eco Wave Power Global AB and its competitors. For the Utilities - Independent Power Producers industry, the median Debt-to-Equity is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eco Wave Power Global AB's current Debt-to-Equity is 0.26, which is 73% above median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eco Wave Power Global AB stock overvalued right now?
Based on GuruFocus' analysis, Eco Wave Power Global AB (WAVE) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.52, compared to a current price of $6.94 — trading 356.6% above its estimated fair value. The current Debt-to-Equity is 0.26, which is 73% above median its 10-year median of 0.15 and 69% below the Utilities - Independent Power Producers industry median of 0.84. Eco Wave Power Global AB's overall GF Score™ is 34/100 with 2 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 Eco Wave Power Global AB (WAVE), the current Debt-to-Equity is 0.26 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 Eco Wave Power Global AB (WAVE) Overvalued in 2026?
Based on GuruFocus' analysis, Eco Wave Power Global AB stock appears to be overvalued.
The current stock price of $6.94 is trading 356.6% above its estimated GF Value™ of $1.52.
GuruFocus considers Eco Wave Power Global AB to be Significantly Overvalued.
Key valuation signals for WAVE:
Debt-to-Equity: 0.26 (73% above median its 10-year median of 0.15)
GF Value™: $1.52 vs. price of $6.94 (356.6% above fair value)
Industry Position: 69% below the Utilities - Independent Power Producers median (#93 of 397)
No single metric tells the full story. See the WAVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient wave energy conversion, or WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographically, it has a presence in Israel, the USA, and Mexico.
34GF Score
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