WERN (Werner Enterprises) Debt-to-EBITDA : 2.87 (As of Mar. 2026) — 335% Above Median

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.

WERN Werner Enterprises Inc WERN
85 GF Score
Price $42.42
GF Value $39.79
Valuation Fairly Valued
! 12 Warning Signs
View Full Analysis

What is Werner Enterprises Debt-to-EBITDA?

Werner Enterprises WERN -3.39% 85 Debt-to-EBITDA is 2.87 as of Mar. 2026, which is 335% above its 10-year median of 0.66. GuruFocus rates WERN with a GF Score™ of 85/100 and a GF Value™ of $39.79 (Fairly Valued). The stock has 12 warning signs investors should review. Among 870 Transportation companies, Werner Enterprises ranks worse than 59.08% on this metric.

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

Werner Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $84 Mil. Werner Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $957 Mil. Werner Enterprises's annualized EBITDA for the quarter that ended in Mar. 2026 was $362 Mil. Werner Enterprises's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 2.87.

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 Werner Enterprises's Debt-to-EBITDA or its related term are showing as below:

WERN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.27   Med: 0.66   Max: 3.21
Current: 3.21

During the past 13 years, the highest Debt-to-EBITDA Ratio of Werner Enterprises was 3.21. The lowest was 0.27. And the median was 0.66.

WERN's Debt-to-EBITDA is ranked worse than
59.08% of 870 companies
in the Transportation industry
Industry Median: 2.64 vs WERN: 3.21

Werner Enterprises  (NAS:WERN) 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.


Werner Enterprises Debt-to-EBITDA Related Terms


Werner Enterprises Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Werner Enterprises'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.

Werner Enterprises Debt-to-EBITDA Chart

Werner Enterprises 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 0.69 1.13 1.35 1.75 2.47

Werner Enterprises Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.26 1.35 3.01 4.82 2.87

WERN vs ARCB, MRTN, HTLD: Debt-to-EBITDA Comparison

For the Trucking subindustry, Werner Enterprises'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.


Werner Enterprises Debt-to-EBITDA vs Transportation Industry

For the Transportation industry and Industrials sector, Werner Enterprises's Debt-to-EBITDA distribution charts can be found below:

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


WERN
85GF Score
Werner Enterprises Inc WERN
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Werner Enterprises Debt-to-EBITDA Calculation

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

Werner Enterprises'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
=(0 + 752) / 304.585
=2.47

Werner Enterprises's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(84.138 + 957.182) / 362.48
=2.87

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.87 mean?
Werner Enterprises (WERN) has a Debt-to-EBITDA of 2.87 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 Werner Enterprises. This is 335% above median its historical median of 0.66. Over the past decade, Werner Enterprises' Debt-to-EBITDA has ranged from 0.27 to 3.21. According to the industry distribution chart, Werner Enterprises ranks #514 out of 870 companies in the Transportation industry, placing it in the top 59.1%.
Is Werner Enterprises' Debt-to-EBITDA too high?
Werner Enterprises' current Debt-to-EBITDA of 2.87 is 335% above median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 3.21. The Transportation industry median Debt-to-EBITDA is 2.64. Werner Enterprises' value of 2.87 is 8.7% above this industry median. Based on the distribution chart, Werner Enterprises ranks #514 out of 870 companies in the Transportation industry, which is below the industry midpoint. Overall, Werner Enterprises has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Werner Enterprises' Debt-to-EBITDA compare to ARCB and MRTN?
According to the Transportation industry distribution chart, Werner Enterprises ranks #514 out of 870 companies for Debt-to-EBITDA. This places Werner Enterprises in the lower half of its industry. The industry median Debt-to-EBITDA is 2.64. Werner Enterprises' value of 2.87 is 8.7% above this benchmark. Historically, Werner Enterprises' own Debt-to-EBITDA has ranged from 0.27 to 3.21 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 2.64, Werner Enterprises 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 Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.64, based on 870 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. Werner Enterprises's current Debt-to-EBITDA of 2.87 is 8.7% 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 Werner Enterprises. For the Transportation industry, the median Debt-to-EBITDA is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Werner Enterprises's current Debt-to-EBITDA is 2.87, which is 335% above median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Werner Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Werner Enterprises (WERN) is currently considered Fairly Valued. The stock's GF Value™ is $39.79, compared to a current price of $42.42 — trading 6.6% above its estimated fair value. The current Debt-to-EBITDA is 2.87, which is 335% above median its 10-year median of 0.66 and 8.7% above the Transportation industry median of 2.64. Werner Enterprises' overall GF Score™ is 85/100 with 12 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 Werner Enterprises (WERN), the current Debt-to-EBITDA is 2.87 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 Werner Enterprises (WERN) Overvalued in 2026?

Based on GuruFocus' analysis, Werner Enterprises stock appears to be overvalued. The current stock price of $42.42 is trading 6.6% above its estimated GF Value™ of $39.79. GuruFocus considers Werner Enterprises to be Fairly Valued.

Key valuation signals for WERN:

  • Debt-to-EBITDA: 2.87 (335% above median its 10-year median of 0.66)
  • GF Value™: $39.79 vs. price of $42.42 (6.6% above fair value)
  • GF Score™: 85/100 with 12 warning signs
  • Industry Position: 8.7% above the Transportation median (#514 of 870)

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


Werner Enterprises Business Description

Other Exchanges WE1:Germany
Address 14507 Frontier Road, Post Office Box 45308, Omaha, NE, USA, 68145-0308
Werner Enterprises Inc is a transportation and logistics company engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The company has two reportable segments - Truckload Transportation Services and Werner Logistics. It derives majority of its revenue from full-truckload transportation services and geographically from United States.
85GF Score

Get the complete analysis for WERN

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

$42.42
Price
$39.79
GF Value