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Delivery Hero SEXSWX:DHER 65 Debt-to-Equity is 2.82 as of Dec. 2025, which is 139% above its 10-year median of 1.18. GuruFocus rates XSWX:DHER with a GF Score™ of 65/100 and a GF Value™ of CHF187.18 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,022 Retail - Cyclical companies, Delivery Hero SE ranks worse than 91.1% 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 Delivery Hero SE's Debt-to-Equity or its related term are showing as below:
XSWX:DHER'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 1.18 Max: 3.41
Current: 2.82
During the past 13 years, the highest Debt-to-Equity Ratio of Delivery Hero SE was 3.41. The lowest was 0.00. And the median was 1.18.
XSWX:DHER's Debt-to-Equity is ranked worse than 91.1% of 1022
companies
in the Retail - Cyclical industry
Industry Median: 0.56
vs XSWX:DHER: 2.82
Delivery Hero SE (XSWX:DHER) Debt-to-Equity Explanation
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.
Delivery Hero SE Debt-to-Equity Related Terms
Delivery Hero SE Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Delivery Hero SE'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.
XSWX:DHER vs AMZN, BABA, PDD: Debt-to-Equity Comparison
For the Internet Retail subindustry, Delivery Hero SE'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.
Delivery Hero SE Debt-to-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Delivery Hero SE's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Delivery Hero SE'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.
Delivery Hero SE (XSWX:DHER) has a Debt-to-Equity of 2.82 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Delivery Hero SE and its competitors. This is 139% above median its historical median of 1.18. According to the industry distribution chart, Delivery Hero SE ranks #931 out of 1022 companies in the Retail - Cyclical industry, placing it in the top 91.1%.
Is Delivery Hero SE's Debt-to-Equity too high?
Delivery Hero SE's current Debt-to-Equity of 2.82 is 139% above median its 10-year median of 1.18. The Retail - Cyclical industry median Debt-to-Equity is 0.56. Delivery Hero SE's value of 2.82 is 403.6% above this industry median. Based on the distribution chart, Delivery Hero SE ranks #931 out of 1022 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Delivery Hero SE has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Delivery Hero SE's Debt-to-Equity compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Delivery Hero SE ranks #931 out of 1022 companies for Debt-to-Equity. This places Delivery Hero SE in the lower half of its industry. The industry median Debt-to-Equity is 0.56. Delivery Hero SE's value of 2.82 is 403.6% above this benchmark. While the company's 10-year median is 1.18 vs. the industry median of 0.56, Delivery Hero SE 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 Retail - Cyclical company?
The median Debt-to-Equity among Retail - Cyclical companies is 0.56, based on 1,022 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. Delivery Hero SE's current Debt-to-Equity of 2.82 is 403.6% 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 Delivery Hero SE and its competitors. For the Retail - Cyclical industry, the median Debt-to-Equity is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delivery Hero SE's current Debt-to-Equity is 2.82, which is 139% above median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delivery Hero SE stock overvalued right now?
Based on GuruFocus' analysis, Delivery Hero SE (XSWX:DHER) is currently considered Possible Value Trap. The stock's GF Value™ is CHF187.18, compared to a current price of CHF35.17 — trading 81.2% below its estimated fair value. The current Debt-to-Equity is 2.82, which is 139% above median its 10-year median of 1.18 and 403.6% above the Retail - Cyclical industry median of 0.56. Delivery Hero SE's overall GF Score™ is 65/100 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 Delivery Hero SE (XSWX:DHER), the current Debt-to-Equity is 2.82 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 Delivery Hero SE (XSWX:DHER) Overvalued in 2026?
Based on GuruFocus' analysis, Delivery Hero SE stock appears to be undervalued.
The current stock price of CHF35.17 is trading 81.2% below its estimated GF Value™ of CHF187.18.
GuruFocus considers Delivery Hero SE to be Possible Value Trap.
Key valuation signals for XSWX:DHER:
Debt-to-Equity: 2.82 (139% above median its 10-year median of 1.18)
GF Value™: CHF187.18 vs. price of CHF35.17 (81.2% below fair value)
Industry Position: 403.6% above the Retail - Cyclical median (#931 of 1022)
No single metric tells the full story. See the XSWX:DHER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2011, Delivery Hero is an online delivery demand aggregator. The company is headquartered in Germany and operates in over 70 countries across Latin America, Asia, Europe, the Middle East, and Africa. Delivery Hero creates a marketplace for merchants to establish an online presence, market their offerings, and meet demand through delivery. Nearly half of Delivery Hero's revenue is commission fees from merchants. Through its applications, which vary by region, customers can order meals, grocery items, pharmacy products, and retail goods. In addition, Delivery Hero operates Dmarts.
65GF Score
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