Hochtief AG (XSWX:HOT) Debt-to-Equity: 0.46 (As of Mar. 2026) — 54% Below Median

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XSWX:HOT Hochtief AG XSWX:HOT
72 GF Score
Price CHF423.00
GF Value CHF152.63
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Hochtief AG Debt-to-Equity?

Hochtief AG XSWX:HOT 72 Debt-to-Equity is 0.46 as of Mar. 2026, which is 54% below its 10-year median of 1.00. GuruFocus rates XSWX:HOT with a GF Score™ of 72/100 and a GF Value™ of CHF152.63 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,611 Construction companies, Hochtief AG ranks worse than 53.69% on this metric.

Hochtief AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was CHF216 Mil. Hochtief AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was CHF423 Mil. Hochtief AG's Total Stockholders Equity for the quarter that ended in Mar. 2026 was CHF1,402 Mil. Hochtief AG's debt to equity for the quarter that ended in Mar. 2026 was 0.46.

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

XSWX:HOT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29   Med: 1   Max: 7.97
Current: 0.46

During the past 13 years, the highest Debt-to-Equity Ratio of Hochtief AG was 7.97. The lowest was 0.29. And the median was 1.00.

XSWX:HOT's Debt-to-Equity is ranked worse than
53.69% of 1611 companies
in the Construction industry
Industry Median: 0.41 vs XSWX:HOT: 0.46

Hochtief AG  (XSWX:HOT) 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.


Hochtief AG Debt-to-Equity Related Terms


Hochtief AG Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Hochtief AG'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.

Hochtief AG Debt-to-Equity Chart

Hochtief AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.02 5.00 4.45 7.65 6.47

Hochtief AG 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 0.57 0.93 0.65 6.47 0.46

XSWX:HOT vs PWR, FIX, EME: Debt-to-Equity Comparison

For the Engineering & Construction subindustry, Hochtief AG'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.


Hochtief AG Debt-to-Equity vs Construction Industry

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

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


XSWX:HOT
72GF Score
Hochtief AG XSWX:HOT
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Hochtief AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hochtief AG's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Hochtief AG'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 0.46 mean?
Hochtief AG (XSWX:HOT) has a Debt-to-Equity of 0.46 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hochtief AG and its competitors. This is 54% below median its historical median of 1.00. Over the past decade, Hochtief AG's Debt-to-Equity has ranged from 0.29 to 7.97. According to the industry distribution chart, Hochtief AG ranks #865 out of 1611 companies in the Construction industry, placing it in the top 53.7%.
Is Hochtief AG's Debt-to-Equity too high?
Hochtief AG's current Debt-to-Equity of 0.46 is 54% below median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 7.97. The Construction industry median Debt-to-Equity is 0.41. Hochtief AG's value of 0.46 is 12.2% above this industry median. Based on the distribution chart, Hochtief AG ranks #865 out of 1611 companies in the Construction industry, which is below the industry midpoint. Overall, Hochtief AG has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hochtief AG's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Hochtief AG ranks #865 out of 1611 companies for Debt-to-Equity. This places Hochtief AG in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Hochtief AG's value of 0.46 is 12.2% above this benchmark. Historically, Hochtief AG's own Debt-to-Equity has ranged from 0.29 to 7.97 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.41, Hochtief AG 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 Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,611 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. Hochtief AG's current Debt-to-Equity of 0.46 is 12.2% 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 Hochtief AG and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hochtief AG's current Debt-to-Equity is 0.46, which is 54% below median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hochtief AG stock overvalued right now?
Based on GuruFocus' analysis, Hochtief AG (XSWX:HOT) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF152.63, compared to a current price of CHF423.00 — trading 177.1% above its estimated fair value. The current Debt-to-Equity is 0.46, which is 54% below median its 10-year median of 1.00 and 12.2% above the Construction industry median of 0.41. Hochtief AG's overall GF Score™ is 72/100 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 Hochtief AG (XSWX:HOT), the current Debt-to-Equity is 0.46 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 Hochtief AG (XSWX:HOT) Overvalued in 2026?

Based on GuruFocus' analysis, Hochtief AG stock appears to be overvalued. The current stock price of CHF423.00 is trading 177.1% above its estimated GF Value™ of CHF152.63. GuruFocus considers Hochtief AG to be Significantly Overvalued.

Key valuation signals for XSWX:HOT:

  • Debt-to-Equity: 0.46 (54% below median its 10-year median of 1.00)
  • GF Value™: CHF152.63 vs. price of CHF423.00 (177.1% above fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 12.2% above the Construction median (#865 of 1611)

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


Hochtief AG Business Description

Address Alfredstrasse 236, Essen, NW, DEU, 45133
Hochtief AG develops and constructs building and infrastructure projects. It works on complex projects in transportation, energy, urban infrastructure, and mining markets. It expands transportation networks with roads, bridges, and tunnels, or designs and constructs office buildings, hospitals, and power plants. The company leans on expertise and technical know-how in developing, financing, building, and operating in designated business areas. Also, it will partner with external groups to work on specific components of a project. Its regional divisions are Americas, Asia Pacific, and Europe. The Americas and the Asia Pacific account for the majority of sales and are where the company's assets are located.
72GF Score

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

CHF423.00
Price
CHF152.63
GF Value