BOC (Boston Omaha) Debt-to-Equity: 0.21 (As of Mar. 2026) — 17% 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.

BOC Boston Omaha Corp BOC
70 GF Score
Price $14.38
GF Value $16.57
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Boston Omaha Debt-to-Equity?

Boston Omaha BOC +0.52% 70 Debt-to-Equity is 0.21 as of Mar. 2026, which is 17% above its 10-year median of 0.18. GuruFocus rates BOC with a GF Score™ of 70/100 and a GF Value™ of $16.57 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 508 Conglomerates companies, Boston Omaha ranks better than 71.26% on this metric.

Boston Omaha's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $7.4 Mil. Boston Omaha's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $98.3 Mil. Boston Omaha's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $509.2 Mil. Boston Omaha's debt to equity for the quarter that ended in Mar. 2026 was 0.21.

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 Boston Omaha's Debt-to-Equity or its related term are showing as below:

BOC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15   Med: 0.18   Max: 0.22
Current: 0.21

During the past 11 years, the highest Debt-to-Equity Ratio of Boston Omaha was 0.22. The lowest was 0.15. And the median was 0.18.

BOC's Debt-to-Equity is ranked better than
71.26% of 508 companies
in the Conglomerates industry
Industry Median: 0.54 vs BOC: 0.21

Boston Omaha  (NYSE:BOC) Debt-to-Equity Explanation

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


Be Aware

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.


Boston Omaha Debt-to-Equity Related Terms


Boston Omaha Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Boston Omaha'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.

Boston Omaha Debt-to-Equity Chart

Boston Omaha Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.18 0.17 0.19 0.21

Boston Omaha Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity 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 0.20 0.20 0.20 0.21 0.21

BOC vs AIAI, TRC, FIP: Debt-to-Equity Comparison

For the Conglomerates subindustry, Boston Omaha'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.


Boston Omaha Debt-to-Equity vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Boston Omaha's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Boston Omaha's Debt-to-Equity falls into.


BOC
70GF Score
Boston Omaha Corp BOC
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boston Omaha Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Boston Omaha's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Boston Omaha's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.21 mean?
Boston Omaha (BOC) has a Debt-to-Equity of 0.21 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Boston Omaha and its competitors. This is 17% above median its historical median of 0.18. Over the past decade, Boston Omaha's Debt-to-Equity has ranged from 0.15 to 0.22. According to the industry distribution chart, Boston Omaha ranks #146 out of 508 companies in the Conglomerates industry, placing it in the top 28.7%.
Is Boston Omaha's Debt-to-Equity too high?
Boston Omaha's current Debt-to-Equity of 0.21 is 17% above median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.22. The Conglomerates industry median Debt-to-Equity is 0.54. Boston Omaha's value of 0.21 is 61.1% below this industry median. Based on the distribution chart, Boston Omaha ranks #146 out of 508 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Boston Omaha has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Boston Omaha's Debt-to-Equity compare to AIAI and TRC?
According to the Conglomerates industry distribution chart, Boston Omaha ranks #146 out of 508 companies for Debt-to-Equity. This puts Boston Omaha in the upper half of its industry. The industry median Debt-to-Equity is 0.54. Boston Omaha's value of 0.21 is 61.1% below this benchmark. Historically, Boston Omaha's own Debt-to-Equity has ranged from 0.15 to 0.22 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.54, Boston Omaha 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 a Conglomerates company?
The median Debt-to-Equity among Conglomerates companies is 0.54, based on 508 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. Boston Omaha's current Debt-to-Equity of 0.21 is 61.1% 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 Boston Omaha and its competitors. For the Conglomerates industry, the median Debt-to-Equity is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boston Omaha's current Debt-to-Equity is 0.21, which is 17% above median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boston Omaha stock overvalued right now?
Based on GuruFocus' analysis, Boston Omaha (BOC) is currently considered Modestly Undervalued. The stock's GF Value™ is $16.57, compared to a current price of $14.38 — trading 13.2% below its estimated fair value. The current Debt-to-Equity is 0.21, which is 17% above median its 10-year median of 0.18 and 61.1% below the Conglomerates industry median of 0.54. Boston Omaha's overall GF Score™ is 70/100 with 7 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 Boston Omaha (BOC), the current Debt-to-Equity is 0.21 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 Boston Omaha (BOC) Overvalued in 2026?

Based on GuruFocus' analysis, Boston Omaha stock appears to be undervalued. The current stock price of $14.38 is trading 13.2% below its estimated GF Value™ of $16.57. GuruFocus considers Boston Omaha to be Modestly Undervalued.

Key valuation signals for BOC:

  • Debt-to-Equity: 0.21 (17% above median its 10-year median of 0.18)
  • GF Value™: $16.57 vs. price of $14.38 (13.2% below fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 61.1% below the Conglomerates median (#146 of 508)

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


Boston Omaha Business Description

Other Exchanges 42S:Germany
Address 1601 Dodge Street, Suite 3300, Omaha, NE, USA, 68102
Boston Omaha Corp is a diversified holding company engaged in outdoor billboard advertising, broadband services, surety insurance, and related brokerage activities, and asset management. The company generates revenue mainly from leasing advertising space on billboards, providing broadband internet services, and earning premiums and commissions from its insurance operations. In addition, it holds minority equity investments in various businesses, including real estate-related and other industries.
70GF Score

Get the complete analysis for BOC

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

$14.38
Price
$16.57
GF Value