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Quanta ServicesPWR -0.89%89 Debt-to-EBITDA is 2.65 as of Mar. 2026, which is 37% above its 10-year median of 1.94. GuruFocus rates PWR with a GF Score™ of 89/100 and a GF Value™ of $406.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,403 Construction companies, Quanta Services ranks worse than 52.1% 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 Quanta Services's Debt-to-EBITDA or its related term are showing as below:
PWR'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.69 Med: 1.94 Max: 3.6
Current: 2.34
During the past 13 years, the highest Debt-to-EBITDA Ratio of Quanta Services was 3.60. The lowest was 0.69. And the median was 1.94.
PWR's Debt-to-EBITDA is ranked worse than 52.1% of 1403
companies
in the Construction industry
Industry Median: 2.15
vs PWR: 2.34
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.
Quanta Services Debt-to-EBITDA Related Terms
Quanta Services Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Quanta Services'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 Engineering & Construction subindustry, Quanta Services'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.
Quanta Services Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, Quanta Services's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Quanta Services'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.
Quanta Services (PWR) has a Debt-to-EBITDA of 2.65 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 Quanta Services. This is 37% above median its historical median of 1.94. Over the past decade, Quanta Services' Debt-to-EBITDA has ranged from 0.69 to 3.60. According to the industry distribution chart, Quanta Services ranks #731 out of 1403 companies in the Construction industry, placing it in the top 52.1%.
Is Quanta Services' Debt-to-EBITDA too high?
Quanta Services' current Debt-to-EBITDA of 2.65 is 37% above median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 3.60. The Construction industry median Debt-to-EBITDA is 2.15. Quanta Services' value of 2.65 is 23.3% above this industry median. Based on the distribution chart, Quanta Services ranks #731 out of 1403 companies in the Construction industry, which is below the industry midpoint. Overall, Quanta Services has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quanta Services' Debt-to-EBITDA compare to FIX and EME?
According to the Construction industry distribution chart, Quanta Services ranks #731 out of 1403 companies for Debt-to-EBITDA. This places Quanta Services in the lower half of its industry. The industry median Debt-to-EBITDA is 2.15. Quanta Services' value of 2.65 is 23.3% above this benchmark. Historically, Quanta Services' own Debt-to-EBITDA has ranged from 0.69 to 3.60 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 2.15, Quanta Services 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 a Construction company?
The median Debt-to-EBITDA among Construction companies is 2.15, based on 1,403 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. Quanta Services's current Debt-to-EBITDA of 2.65 is 23.3% 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 Quanta Services. For the Construction industry, the median Debt-to-EBITDA is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quanta Services's current Debt-to-EBITDA is 2.65, which is 37% above median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quanta Services stock overvalued right now?
Based on GuruFocus' analysis, Quanta Services (PWR) is currently considered Significantly Overvalued. The stock's GF Value™ is $406.06, compared to a current price of $620.28 — trading 52.8% above its estimated fair value. The current Debt-to-EBITDA is 2.65, which is 37% above median its 10-year median of 1.94 and 23.3% above the Construction industry median of 2.15. Quanta Services' 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-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Quanta Services (PWR), the current Debt-to-EBITDA is 2.65 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 Quanta Services (PWR) Overvalued in 2026?
Based on GuruFocus' analysis, Quanta Services stock appears to be overvalued.
The current stock price of $620.28 is trading 52.8% above its estimated GF Value™ of $406.06.
GuruFocus considers Quanta Services to be Significantly Overvalued.
Key valuation signals for PWR:
Debt-to-EBITDA: 2.65 (37% above median its 10-year median of 1.94)
GF Value™: $406.06 vs. price of $620.28 (52.8% above fair value)
Industry Position: 23.3% above the Construction median (#731 of 1403)
No single metric tells the full story. See the PWR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under two segments: electric and underground utility and infrastructure.
89GF Score
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