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Clearway EnergyCWEN +0.21%77 Debt-to-EBITDA is 9.49 as of Mar. 2026, which is 14% above its 10-year median of 8.36. GuruFocus rates CWEN with a GF Score™ of 77/100 and a GF Value™ of $32.79 (Fairly Valued). The stock has 8 warning signs investors should review. Among 340 Utilities - Independent Power Producers companies, Clearway Energy ranks worse than 76.76% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Clearway Energy's Debt-to-EBITDA or its related term are showing as below:
CWEN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.35 Med: 8.36 Max: 9.15
Current: 8.84
During the past 13 years, the highest Debt-to-EBITDA Ratio of Clearway Energy was 9.15. The lowest was 3.35. And the median was 8.36.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Clearway Energy Debt-to-EBITDA Related Terms
Clearway Energy Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Clearway Energy's Debt-to-EBITDA 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.
For the Utilities - Renewable subindustry, Clearway Energy's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Clearway Energy Debt-to-EBITDA vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Clearway Energy's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Clearway Energy's Debt-to-EBITDA 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Clearway Energy (CWEN) has a Debt-to-EBITDA of 9.49 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Clearway Energy. This is 14% above median its historical median of 8.36. Over the past decade, Clearway Energy's Debt-to-EBITDA has ranged from 3.35 to 9.15. According to the industry distribution chart, Clearway Energy ranks #261 out of 340 companies in the Utilities - Independent Power Producers industry, placing it in the top 76.8%.
Is Clearway Energy's Debt-to-EBITDA too high?
Clearway Energy's current Debt-to-EBITDA of 9.49 is 14% above median its 10-year median of 8.36. Over the past 10 years, this metric has ranged from a low of 3.35 to a high of 9.15. The Utilities - Independent Power Producers industry median Debt-to-EBITDA is 4.63. Clearway Energy's value of 9.49 is 105% above this industry median. Based on the distribution chart, Clearway Energy ranks #261 out of 340 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Clearway Energy has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Clearway Energy's Debt-to-EBITDA compare to ORA and MWH?
According to the Utilities - Independent Power Producers industry distribution chart, Clearway Energy ranks #261 out of 340 companies for Debt-to-EBITDA. This places Clearway Energy in the lower half of its industry. The industry median Debt-to-EBITDA is 4.63. Clearway Energy's value of 9.49 is 105% above this benchmark. Historically, Clearway Energy's own Debt-to-EBITDA has ranged from 3.35 to 9.15 over the past decade. While the company's 10-year median is 8.36 vs. the industry median of 4.63, Clearway Energy 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-EBITDA for an Utilities - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.63, based on 340 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clearway Energy's current Debt-to-EBITDA of 9.49 is 105% 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-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Clearway Energy. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearway Energy's current Debt-to-EBITDA is 9.49, which is 14% above median its own 10-year median of 8.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearway Energy stock overvalued right now?
Based on GuruFocus' analysis, Clearway Energy (CWEN) is currently considered Fairly Valued. The stock's GF Value™ is $32.79, compared to a current price of $33.68 — trading 2.7% above its estimated fair value. The current Debt-to-EBITDA is 9.49, which is 14% above median its 10-year median of 8.36 and 105% above the Utilities - Independent Power Producers industry median of 4.63. Clearway Energy's overall GF Score™ is 77/100 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-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Clearway Energy (CWEN), the current Debt-to-EBITDA is 9.49 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 Clearway Energy (CWEN) Overvalued in 2026?
Based on GuruFocus' analysis, Clearway Energy stock appears to be overvalued.
The current stock price of $33.68 is trading 2.7% above its estimated GF Value™ of $32.79.
GuruFocus considers Clearway Energy to be Fairly Valued.
Key valuation signals for CWEN:
Debt-to-EBITDA: 9.49 (14% above median its 10-year median of 8.36)
GF Value™: $32.79 vs. price of $33.68 (2.7% above fair value)
Industry Position: 105% above the Utilities - Independent Power Producers median (#261 of 340)
No single metric tells the full story. See the CWEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clearway Energy Inc is a publicly-traded energy infrastructure investor with a focus on investments in clean energy and the owner of modern, sustainable, and long-term contracted assets across North America. The company segments its operations into Flexible Generation, Renewables & Storage, and Corporate divisions. The majority of its revenue is generated from the Renewables & Storage segment.
77GF Score
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