Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Sonova Holding AGXSWX:SOON -0.87%89 Debt-to-Equity is 0.66 as of Mar. 2026, which is 3% above its 10-year median of 0.64. GuruFocus rates XSWX:SOON with a GF Score™ of 89/100 and a GF Value™ of CHF250.61 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 704 Medical Devices & Instruments companies, Sonova Holding AG ranks worse than 76.85% 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 Sonova Holding AG's Debt-to-Equity or its related term are showing as below:
XSWX:SOON'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.64 Max: 0.82
Current: 0.66
During the past 13 years, the highest Debt-to-Equity Ratio of Sonova Holding AG was 0.82. The lowest was 0.26. And the median was 0.64.
XSWX:SOON's Debt-to-Equity is ranked worse than 76.85% of 704
companies
in the Medical Devices & Instruments industry
Industry Median: 0.23
vs XSWX:SOON: 0.66
Sonova Holding AG (XSWX:SOON) 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.
Sonova Holding AG Debt-to-Equity Related Terms
Sonova Holding AG Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Sonova Holding 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.
XSWX:SOON vs ABT, SYK, MDT: Debt-to-Equity Comparison
For the Medical Devices subindustry, Sonova Holding 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.
Sonova Holding AG Debt-to-Equity vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Sonova Holding AG's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Sonova Holding AG'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.
Sonova Holding AG (XSWX:SOON) has a Debt-to-Equity of 0.66 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sonova Holding AG and its competitors. This is near median its historical median of 0.64. Over the past decade, Sonova Holding AG's Debt-to-Equity has ranged from 0.26 to 0.82. According to the industry distribution chart, Sonova Holding AG ranks #541 out of 704 companies in the Medical Devices & Instruments industry, placing it in the top 76.8%.
Is Sonova Holding AG's Debt-to-Equity too high?
Sonova Holding AG's current Debt-to-Equity of 0.66 is near median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.82. The Medical Devices & Instruments industry median Debt-to-Equity is 0.23. Sonova Holding AG's value of 0.66 is 187% above this industry median. Based on the distribution chart, Sonova Holding AG ranks #541 out of 704 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Sonova Holding AG has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sonova Holding AG's Debt-to-Equity compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Sonova Holding AG ranks #541 out of 704 companies for Debt-to-Equity. This places Sonova Holding AG in the lower half of its industry. The industry median Debt-to-Equity is 0.23. Sonova Holding AG's value of 0.66 is 187% above this benchmark. Historically, Sonova Holding AG's own Debt-to-Equity has ranged from 0.26 to 0.82 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.23, Sonova Holding 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 Medical Devices & Instruments company?
The median Debt-to-Equity among Medical Devices & Instruments companies is 0.23, based on 704 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. Sonova Holding AG's current Debt-to-Equity of 0.66 is 187% 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 Sonova Holding AG and its competitors. For the Medical Devices & Instruments industry, the median Debt-to-Equity is 0.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sonova Holding AG's current Debt-to-Equity is 0.66, which is near median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sonova Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Sonova Holding AG (XSWX:SOON) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF250.61, compared to a current price of CHF205.40 — trading 18% below its estimated fair value. The current Debt-to-Equity is 0.66, which is near median its 10-year median of 0.64 and 187% above the Medical Devices & Instruments industry median of 0.23. Sonova Holding AG's overall GF Score™ is 89/100 with 3 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 Sonova Holding AG (XSWX:SOON), the current Debt-to-Equity is 0.66 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 Sonova Holding AG (XSWX:SOON) Overvalued in 2026?
Based on GuruFocus' analysis, Sonova Holding AG stock appears to be undervalued.
The current stock price of CHF205.40 is trading 18% below its estimated GF Value™ of CHF250.61.
GuruFocus considers Sonova Holding AG to be Modestly Undervalued.
Key valuation signals for XSWX:SOON:
Debt-to-Equity: 0.66 (near median its 10-year median of 0.64)
GF Value™: CHF250.61 vs. price of CHF205.40 (18% below fair value)
Industry Position: 187% above the Medical Devices & Instruments median (#541 of 704)
No single metric tells the full story. See the XSWX:SOON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sonova is one of the world's largest manufacturers and distributors of hearing aids. The company is based in Switzerland and distributes its products in more than 100 countries through its internal sales team and independent retailers. It also sells cochlear implants and audio technologies.
89GF Score
Get the complete analysis for XSWX:SOON
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:SOON has been successfully added to your 
