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ArganXPAR:ARG -0.97%77 Debt-to-Equity is 0.88 as of Jun. 2026, which is 19% below its 10-year median of 1.09. GuruFocus rates XPAR:ARG with a GF Score™ of 77/100 and a GF Value™ of €64.81 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 683 REITs companies, Argan ranks worse than 61.79% 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 Argan's Debt-to-Equity or its related term are showing as below:
XPAR:ARG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 1.09 Max: 1.74
Current: 0.9
During the past 13 years, the highest Debt-to-Equity Ratio of Argan was 1.74. The lowest was 0.75. And the median was 1.09.
XPAR:ARG's Debt-to-Equity is ranked worse than 61.79% of 683
companies
in the REITs industry
Industry Median: 0.78
vs XPAR:ARG: 0.90
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.
Argan Debt-to-Equity Related Terms
Argan Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Argan'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.
XPAR:ARG vs PLD, PSA, EXR: Debt-to-Equity Comparison
For the REIT - Industrial subindustry, Argan'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.
Argan Debt-to-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Argan's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Argan'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.
Argan (XPAR:ARG) has a Debt-to-Equity of 0.88 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Argan and its competitors. This is 19% below median its historical median of 1.09. Over the past decade, Argan's Debt-to-Equity has ranged from 0.75 to 1.74. According to the industry distribution chart, Argan ranks #422 out of 683 companies in the REITs industry, placing it in the top 61.8%.
Is Argan's Debt-to-Equity too high?
Argan's current Debt-to-Equity of 0.88 is 19% below median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 1.74. The REITs industry median Debt-to-Equity is 0.78. Argan's value of 0.88 is 12.8% above this industry median. Based on the distribution chart, Argan ranks #422 out of 683 companies in the REITs industry, which is below the industry midpoint. Overall, Argan has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Argan's Debt-to-Equity compare to PLD and PSA?
According to the REITs industry distribution chart, Argan ranks #422 out of 683 companies for Debt-to-Equity. This places Argan in the lower half of its industry. The industry median Debt-to-Equity is 0.78. Argan's value of 0.88 is 12.8% above this benchmark. Historically, Argan's own Debt-to-Equity has ranged from 0.75 to 1.74 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 0.78, Argan 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 REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 683 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. Argan's current Debt-to-Equity of 0.88 is 12.8% 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 Argan and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argan's current Debt-to-Equity is 0.88, which is 19% below median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argan stock overvalued right now?
Based on GuruFocus' analysis, Argan (XPAR:ARG) is currently considered Modestly Overvalued. The stock's GF Value™ is €64.81, compared to a current price of €71.70 — trading 10.6% above its estimated fair value. The current Debt-to-Equity is 0.88, which is 19% below median its 10-year median of 1.09 and 12.8% above the REITs industry median of 0.78. Argan's overall GF Score™ is 77/100 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 Argan (XPAR:ARG), the current Debt-to-Equity is 0.88 as of Jun. 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 Argan (XPAR:ARG) Overvalued in 2026?
Based on GuruFocus' analysis, Argan stock appears to be overvalued.
The current stock price of €71.70 is trading 10.6% above its estimated GF Value™ of €64.81.
GuruFocus considers Argan to be Modestly Overvalued.
Key valuation signals for XPAR:ARG:
Debt-to-Equity: 0.88 (19% below median its 10-year median of 1.09)
GF Value™: €64.81 vs. price of €71.70 (10.6% above fair value)
Industry Position: 12.8% above the REITs median (#422 of 683)
No single metric tells the full story. See the XPAR:ARG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argan is a French real estate company specializing in the development, ownership, and leasing of logistics properties. It designs, builds, and acquires warehouse and distribution facilities, primarily large logistics platforms, which it leases to tenants under long-term contracts. Its clients include logistics operators, retailers, and industrial companies requiring modern warehousing space. The company operates mainly in France, with a portfolio concentrated in major logistics corridors. Argan generates most of its revenue from rental income, complemented by project management fees, miscellaneous rentals, rebilling of charges to tenants, and energy-related bonuses such as CEE (Certificats d'Economies d'Energie). Argan is structured as a listed real estate company (SIIC) and funds its growth through a combination of debt, equity, and asset disposals, maintaining a policy of distributing a large share of its earnings to shareholders.
77GF Score
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