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Patrimoine et CommerceXPAR:PAT +0.77%72 Debt-to-Equity is 0.86 as of Dec. 2025, which is 18% below its 10-year median of 1.05. GuruFocus rates XPAR:PAT with a GF Score™ of 72/100 and a GF Value™ of €20.27 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 684 REITs companies, Patrimoine et Commerce ranks worse than 57.16% 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 Patrimoine et Commerce's Debt-to-Equity or its related term are showing as below:
XPAR:PAT'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.86 Med: 1.05 Max: 1.19
Current: 0.86
During the past 13 years, the highest Debt-to-Equity Ratio of Patrimoine et Commerce was 1.19. The lowest was 0.86. And the median was 1.05.
XPAR:PAT's Debt-to-Equity is ranked worse than 57.16% of 684
companies
in the REITs industry
Industry Median: 0.78
vs XPAR:PAT: 0.86
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.
Patrimoine et Commerce Debt-to-Equity Related Terms
Patrimoine et Commerce Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Patrimoine et Commerce'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:PAT vs SPG, O, KIM: Debt-to-Equity Comparison
For the REIT - Retail subindustry, Patrimoine et Commerce'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.
Patrimoine et Commerce Debt-to-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Patrimoine et Commerce's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Patrimoine et Commerce'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.
Patrimoine et Commerce (XPAR:PAT) has a Debt-to-Equity of 0.86 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Patrimoine et Commerce and its competitors. This is 18% below median its historical median of 1.05. Over the past decade, Patrimoine et Commerce's Debt-to-Equity has ranged from 0.86 to 1.19. According to the industry distribution chart, Patrimoine et Commerce ranks #391 out of 684 companies in the REITs industry, placing it in the top 57.2%.
Is Patrimoine et Commerce's Debt-to-Equity too high?
Patrimoine et Commerce's current Debt-to-Equity of 0.86 is 18% below median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 1.19. The REITs industry median Debt-to-Equity is 0.78. Patrimoine et Commerce's value of 0.86 is 10.3% above this industry median. Based on the distribution chart, Patrimoine et Commerce ranks #391 out of 684 companies in the REITs industry, which is below the industry midpoint. Overall, Patrimoine et Commerce has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patrimoine et Commerce's Debt-to-Equity compare to SPG and O?
According to the REITs industry distribution chart, Patrimoine et Commerce ranks #391 out of 684 companies for Debt-to-Equity. This places Patrimoine et Commerce in the lower half of its industry. The industry median Debt-to-Equity is 0.78. Patrimoine et Commerce's value of 0.86 is 10.3% above this benchmark. Historically, Patrimoine et Commerce's own Debt-to-Equity has ranged from 0.86 to 1.19 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 0.78, Patrimoine et Commerce 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 684 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. Patrimoine et Commerce's current Debt-to-Equity of 0.86 is 10.3% 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 Patrimoine et Commerce 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. Patrimoine et Commerce's current Debt-to-Equity is 0.86, which is 18% below median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patrimoine et Commerce stock overvalued right now?
Based on GuruFocus' analysis, Patrimoine et Commerce (XPAR:PAT) is currently considered Modestly Overvalued. The stock's GF Value™ is €20.27, compared to a current price of €26.30 — trading 29.7% above its estimated fair value. The current Debt-to-Equity is 0.86, which is 18% below median its 10-year median of 1.05 and 10.3% above the REITs industry median of 0.78. Patrimoine et Commerce's overall GF Score™ is 72/100 with 9 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 Patrimoine et Commerce (XPAR:PAT), the current Debt-to-Equity is 0.86 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 Patrimoine et Commerce (XPAR:PAT) Overvalued in 2026?
Based on GuruFocus' analysis, Patrimoine et Commerce stock appears to be overvalued.
The current stock price of €26.30 is trading 29.7% above its estimated GF Value™ of €20.27.
GuruFocus considers Patrimoine et Commerce to be Modestly Overvalued.
Key valuation signals for XPAR:PAT:
Debt-to-Equity: 0.86 (18% below median its 10-year median of 1.05)
GF Value™: €20.27 vs. price of €26.30 (29.7% above fair value)
Industry Position: 10.3% above the REITs median (#391 of 684)
No single metric tells the full story. See the XPAR:PAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patrimoine et Commerce is a real estate company engaged in the acquisition, development, and operation of commercial real estate properties in France. It operates a portfolio of real estate assets located in high-attraction areas in the suburbs or centers of medium-sized cities. The company's property portfolio includes shopping malls, supermarkets, shops, and business parks.
72GF Score
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