{
    "metric": "debt-to-equity",
    "label": "Debt-to-equity",
    "as_of": "2026-09-06",
    "source": "Fair Value Calculator",
    "license": "CC BY 4.0",
    "url": "https://www.fairvalue-calculator.com/valuation-multiples/debt-to-equity",
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        {
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        {
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        {
            "industry": "Specialty Industrial Machinery",
            "sector": "Industrials",
            "p25": 0.011,
            "p50": 0.081,
            "p75": 0.2785,
            "n": 703
        },
        {
            "industry": "Metal Fabrication",
            "sector": "Industrials",
            "p25": 0.0168,
            "p50": 0.103,
            "p75": 0.291,
            "n": 232
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        {
            "industry": "Staffing & Employment Services",
            "sector": "Industrials",
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            "p50": 0.104,
            "p75": 0.492,
            "n": 57
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        {
            "industry": "Pollution & Treatment Controls",
            "sector": "Industrials",
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            "p50": 0.106,
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            "n": 77
        },
        {
            "industry": "Building Products & Equipment",
            "sector": "Industrials",
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            "p50": 0.11,
            "p75": 0.4203,
            "n": 228
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        {
            "industry": "Engineering & Construction",
            "sector": "Industrials",
            "p25": 0.011,
            "p50": 0.115,
            "p75": 0.462,
            "n": 757
        },
        {
            "industry": "Trucking",
            "sector": "Industrials",
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            "p50": 0.116,
            "p75": 0.4795,
            "n": 47
        },
        {
            "industry": "Integrated Freight & Logistics",
            "sector": "Industrials",
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            "n": 187
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        {
            "industry": "Aerospace & Defense",
            "sector": "Industrials",
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            "n": 11
        },
        {
            "industry": "Aerospace & Defense",
            "sector": "Industrials",
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            "n": 211
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        {
            "industry": "Farm & Heavy Construction Machinery",
            "sector": "Industrials",
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            "p75": 0.4735,
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        {
            "industry": "Specialty Business Services",
            "sector": "Industrials",
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            "p75": 0.564,
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        {
            "industry": "Electrical Equipment",
            "sector": "Industrials",
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            "p50": 0.173,
            "p75": 0.3193,
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        {
            "industry": "Industrial Distribution",
            "sector": "Industrials",
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            "p75": 0.392,
            "n": 107
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        {
            "industry": "Railroads",
            "sector": "Industrials",
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            "p75": 0.637,
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        },
        {
            "industry": "Construction & Engineering",
            "sector": "Industrials",
            "p25": 0.0405,
            "p50": 0.2065,
            "p75": 0.3143,
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        },
        {
            "industry": "Consulting Services",
            "sector": "Industrials",
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        {
            "industry": "Conglomerates",
            "sector": "Industrials",
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            "p50": 0.218,
            "p75": 0.631,
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        {
            "industry": "Marine Shipping",
            "sector": "Industrials",
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            "p75": 0.555,
            "n": 223
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        {
            "industry": "Airports & Air Services",
            "sector": "Industrials",
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            "p75": 0.7268,
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        {
            "industry": "Waste Management",
            "sector": "Industrials",
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        {
            "industry": "Airlines",
            "sector": "Industrials",
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            "p50": 0.619,
            "p75": 1.438,
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        {
            "industry": "Infrastructure Operations",
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        {
            "industry": "Rental & Leasing Services",
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        {
            "industry": "Electrical Utilities & IPPs",
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        },
        {
            "industry": "Communications & Networking",
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        {
            "industry": "IT Services",
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        {
            "industry": "Electronic Equipment & Parts",
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        {
            "industry": "Computers, Phones & Household Electronics",
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        {
            "industry": "Semiconductors & Semiconductor Equipment",
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        {
            "industry": "Software & IT Services",
            "sector": "Information Technology",
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        {
            "industry": "Security & Protection Services",
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        {
            "industry": "Software - Infrastructure",
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        {
            "industry": "Scientific & Technical Instruments",
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        {
            "industry": "Communication Equipment",
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        {
            "industry": "Software - Application",
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        {
            "industry": "Electronics & Computer Distribution",
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        {
            "industry": "Information Technology Services",
            "sector": "Information Technology",
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        {
            "industry": "Computer Hardware",
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        {
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        {
            "industry": "Semiconductors",
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        {
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        {
            "industry": "Solar",
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        {
            "industry": "Other Precious Metals & Mining",
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        {
            "industry": "Other",
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        {
            "industry": "Gold",
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        {
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        },
        {
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        },
        {
            "industry": "Agricultural Inputs",
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        {
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        {
            "industry": "Other Industrial Metals & Mining",
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        {
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        {
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        {
            "industry": "Chemicals",
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        {
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        {
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        {
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        {
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        {
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        {
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        {
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        {
            "industry": "Real Estate - Development",
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        {
            "industry": "Real Estate Services",
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            "p75": 0.9283,
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        {
            "industry": "Real Estate - Diversified",
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        {
            "industry": "REIT - Diversified",
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        {
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        {
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        {
            "industry": "REIT - Hotel & Motel",
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        {
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        {
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        {
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        {
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        {
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}