DUK (Duke Energy) Debt-to-EBITDA : (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

DUK Duke Energy Corp DUK
74 GF Score
Price $117.60
GF Value $124.97
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Duke Energy Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Duke Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $8,996 Mil. Duke Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $83,210 Mil. Duke Energy's annualized EBITDA for the quarter that ended in Jun. 2026 was $15,848 Mil. Duke Energy's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 5.82.

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 Duke Energy's Debt-to-EBITDA or its related term are showing as below:

DUK' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.21   Med: 5.72   Max: 7.54
Current: 5.21

During the past 13 years, the highest Debt-to-EBITDA Ratio of Duke Energy was 7.54. The lowest was 5.21. And the median was 5.72.

DUK's Debt-to-EBITDA is ranked worse than
64.6% of 452 companies
in the Utilities - Regulated industry
Industry Median: 4.065 vs DUK: 5.21

Duke Energy  (NYSE:DUK) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Duke Energy Debt-to-EBITDA Related Terms


Duke Energy Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Duke 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.

Duke Energy Debt-to-EBITDA Chart

Duke Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Duke Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-EBITDA 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 - - - - -

DUK vs SO, AEP, D: Debt-to-EBITDA Comparison

For the Utilities - Regulated Electric subindustry, Duke 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.


Duke Energy Debt-to-EBITDA vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Duke Energy's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Duke Energy's Debt-to-EBITDA falls into.


DUK
74GF Score
Duke Energy Corp DUK
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Duke Energy Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Duke Energy's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(9966 + 81141) / 15670
=5.81

Duke Energy's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(8996 + 83210) / 15848
=5.82

* 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 (Jun. 2026) EBITDA data.

Is Duke Energy (DUK) Overvalued in 2026?

Based on GuruFocus' analysis, Duke Energy stock appears to be undervalued. The current stock price of $117.60 is trading 5.9% below its estimated GF Value™ of $124.97. GuruFocus considers Duke Energy to be Fairly Valued.

Key valuation signals for DUK:

  • Debt-to-EBITDA:
  • GF Value™: $124.97 vs. price of $117.60 (5.9% below fair value)
  • GF Score™: 74/100 with 5 warning signs

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


Duke Energy Business Description

Address 525 South Tryon Street, Charlotte, NC, USA, 28202
Duke Energy is one of the largest US utilities, with subsidiaries in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to more than 8 million customers. Its natural gas utilities serve more than 1.6 million customers.
74GF Score

Get the complete analysis for DUK

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

$117.60
Price
$124.97
GF Value