ITOCHU (WBO:IOC) Debt-to-Equity: 0.72 (As of Mar. 2026) — 26% Below 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.

WBO:IOC ITOCHU Corp WBO:IOC
76 GF Score
Price €11.38
GF Value €8.71
Valuation Significantly Overvalued
! 4 Warning Signs
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What is ITOCHU Debt-to-Equity?

ITOCHU WBO:IOC +1.61% 76 Debt-to-Equity is 0.72 as of Mar. 2026, which is 26% below its 10-year median of 0.97. GuruFocus rates WBO:IOC with a GF Score™ of 76/100 and a GF Value™ of €8.71 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 508 Conglomerates companies, ITOCHU ranks worse than 58.46% on this metric.

ITOCHU's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €5,392 Mil. ITOCHU's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €20,544 Mil. ITOCHU's Total Stockholders Equity for the quarter that ended in Mar. 2026 was €35,923 Mil. ITOCHU's debt to equity for the quarter that ended in Mar. 2026 was 0.72.

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

WBO:IOC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72   Med: 0.97   Max: 1.35
Current: 0.72

During the past 13 years, the highest Debt-to-Equity Ratio of ITOCHU was 1.35. The lowest was 0.72. And the median was 0.97.

WBO:IOC's Debt-to-Equity is ranked worse than
58.46% of 508 companies
in the Conglomerates industry
Industry Median: 0.54 vs WBO:IOC: 0.72

ITOCHU  (WBO:IOC) 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.


ITOCHU Debt-to-Equity Related Terms


ITOCHU Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for ITOCHU'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.

ITOCHU Debt-to-Equity Chart

ITOCHU Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 0.83 0.81 0.80 0.72

ITOCHU 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 0.80 0.80 0.75 0.78 0.72

WBO:IOC vs MMM, HON: Debt-to-Equity Comparison

For the Conglomerates subindustry, ITOCHU'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.


ITOCHU Debt-to-Equity vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, ITOCHU's Debt-to-Equity distribution charts can be found below:

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


WBO:IOC
76GF Score
ITOCHU Corp WBO:IOC
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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ITOCHU Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ITOCHU's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

ITOCHU'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 0.72 mean?
ITOCHU (WBO:IOC) has a Debt-to-Equity of 0.72 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ITOCHU and its competitors. This is 26% below median its historical median of 0.97. Over the past decade, ITOCHU's Debt-to-Equity has ranged from 0.72 to 1.35. According to the industry distribution chart, ITOCHU ranks #297 out of 508 companies in the Conglomerates industry, placing it in the top 58.5%.
Is ITOCHU's Debt-to-Equity too high?
ITOCHU's current Debt-to-Equity of 0.72 is 26% below median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.35. The Conglomerates industry median Debt-to-Equity is 0.54. ITOCHU's value of 0.72 is 33.3% above this industry median. Based on the distribution chart, ITOCHU ranks #297 out of 508 companies in the Conglomerates industry, which is below the industry midpoint. Overall, ITOCHU has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ITOCHU's Debt-to-Equity compare to MMM and HON?
According to the Conglomerates industry distribution chart, ITOCHU ranks #297 out of 508 companies for Debt-to-Equity. This places ITOCHU in the lower half of its industry. The industry median Debt-to-Equity is 0.54. ITOCHU's value of 0.72 is 33.3% above this benchmark. Historically, ITOCHU's own Debt-to-Equity has ranged from 0.72 to 1.35 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.54, ITOCHU 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 Conglomerates company?
The median Debt-to-Equity among Conglomerates companies is 0.54, based on 508 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. ITOCHU's current Debt-to-Equity of 0.72 is 33.3% 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 ITOCHU and its competitors. For the Conglomerates industry, the median Debt-to-Equity is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITOCHU's current Debt-to-Equity is 0.72, which is 26% below median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITOCHU stock overvalued right now?
Based on GuruFocus' analysis, ITOCHU (WBO:IOC) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.71, compared to a current price of €11.38 — trading 30.7% above its estimated fair value. The current Debt-to-Equity is 0.72, which is 26% below median its 10-year median of 0.97 and 33.3% above the Conglomerates industry median of 0.54. ITOCHU's overall GF Score™ is 76/100 with 4 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 ITOCHU (WBO:IOC), the current Debt-to-Equity is 0.72 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 ITOCHU (WBO:IOC) Overvalued in 2026?

Based on GuruFocus' analysis, ITOCHU stock appears to be overvalued. The current stock price of €11.38 is trading 30.7% above its estimated GF Value™ of €8.71. GuruFocus considers ITOCHU to be Significantly Overvalued.

Key valuation signals for WBO:IOC:

  • Debt-to-Equity: 0.72 (26% below median its 10-year median of 0.97)
  • GF Value™: €8.71 vs. price of €11.38 (30.7% above fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 33.3% above the Conglomerates median (#297 of 508)

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


ITOCHU Business Description

Address 5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8077
Itochu is a general trading house, or sogo shosha, a conglomerate type unique to Japan. The primary driver for sogo shoshas is trading and intermediation between businesses and leveraging their wide domestic and global information and contact networks to extract value. Itochu has historical roots as a textile trader, but over the years has expanded its portfolio from upstream minerals production, to midstream industrial machinery, food processing, and information and communication technology, and all the way to downstream textiles, convenience stores (Family Mart) and realty. Among the Big Five sogo shoshas, Itochu has the highest exposure to the nonresources businesses, and to the domestic business. It continues to skew its future investments toward the downstream and consumer businesses.
76GF Score

Get the complete analysis for WBO:IOC

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

€11.38
Price
€8.71
GF Value