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.
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.
Altex IndustriesALTX 21 Debt-to-Equity is 0.11 as of Mar. 2026, which is 83% above its 10-year median of 0.06. GuruFocus rates ALTX with a GF Score™ of 21/100 and a GF Value™ of $0.10 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 798 Oil & Gas companies, Altex Industries ranks better than 79.82% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Altex Industries's Debt-to-Equity or its related term are showing as below:
ALTX'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.13
Current: 0.11
During the past 13 years, the highest Debt-to-Equity Ratio of Altex Industries was 0.13. The lowest was 0.01. And the median was 0.06.
ALTX's Debt-to-Equity is ranked better than 79.82% of 798
companies
in the Oil & Gas industry
Industry Median: 0.46
vs ALTX: 0.11
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Altex Industries Debt-to-Equity Related Terms
Altex Industries Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Altex Industries's Debt-to-Equity 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.
ALTX vs CRCE, FECOF, ROYL: Debt-to-Equity Comparison
For the Oil & Gas E&P subindustry, Altex Industries's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Altex Industries Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Altex Industries's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Altex Industries's Debt-to-Equity 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.
Altex Industries (ALTX) has a Debt-to-Equity of 0.11 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Altex Industries and its competitors. This is 83% above median its historical median of 0.06. Over the past decade, Altex Industries' Debt-to-Equity has ranged from 0.01 to 0.13. According to the industry distribution chart, Altex Industries ranks #161 out of 798 companies in the Oil & Gas industry, placing it in the top 20.2%.
Is Altex Industries' Debt-to-Equity too high?
Altex Industries' current Debt-to-Equity of 0.11 is 83% above median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.13. The Oil & Gas industry median Debt-to-Equity is 0.46. Altex Industries' value of 0.11 is 76.1% below this industry median. Based on the distribution chart, Altex Industries ranks #161 out of 798 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Altex Industries has a GF Score™ of 21/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altex Industries' Debt-to-Equity compare to CRCE and FECOF?
According to the Oil & Gas industry distribution chart, Altex Industries ranks #161 out of 798 companies for Debt-to-Equity. This places Altex Industries in the top 20% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.46. Altex Industries' value of 0.11 is 76.1% below this benchmark. Historically, Altex Industries' own Debt-to-Equity has ranged from 0.01 to 0.13 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.46, Altex Industries has consistently been below 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-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 798 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Altex Industries's current Debt-to-Equity of 0.11 is 76.1% below 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Altex Industries and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altex Industries's current Debt-to-Equity is 0.11, which is 83% above median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altex Industries stock overvalued right now?
Based on GuruFocus' analysis, Altex Industries (ALTX) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.10, compared to a current price of $0.20 — trading 100% above its estimated fair value. The current Debt-to-Equity is 0.11, which is 83% above median its 10-year median of 0.06 and 76.1% below the Oil & Gas industry median of 0.46. Altex Industries' overall GF Score™ is 21/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Altex Industries (ALTX), the current Debt-to-Equity is 0.11 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 Altex Industries (ALTX) Overvalued in 2026?
Based on GuruFocus' analysis, Altex Industries stock appears to be overvalued.
The current stock price of $0.20 is trading 100% above its estimated GF Value™ of $0.10.
GuruFocus considers Altex Industries to be Significantly Overvalued.
Key valuation signals for ALTX:
Debt-to-Equity: 0.11 (83% above median its 10-year median of 0.06)
GF Value™: $0.10 vs. price of $0.20 (100% above fair value)
Industry Position: 76.1% below the Oil & Gas median (#161 of 798)
No single metric tells the full story. See the ALTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altex Industries Inc. is a USA-based holding company. Through its wholly-owned subsidiary, it owns interests in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and has participated in the drilling of exploratory and development wells, and the completion of existing wells in Utah and Wyoming. The Company's revenue is from sales of oil and gas production, interest income, and, occasionally, bonus payments for mineral leases.
21GF Score
Get the complete analysis for ALTX
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ALTX has been successfully added to your 
