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Boyd GamingBYD -0.27%87 Debt-to-Equity is 1.30 as of Jun. 2026, which is 55% below its 10-year median of 2.90. GuruFocus rates BYD with a GF Score™ of 87/100 and a GF Value™ of $90.86 (Fairly Valued). The stock has 5 warning signs investors should review. Among 722 Travel & Leisure companies, Boyd Gaming ranks worse than 76.73% 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 Boyd Gaming's Debt-to-Equity or its related term are showing as below:
BYD'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.96 Med: 2.9 Max: 5.85
Current: 1.3
During the past 13 years, the highest Debt-to-Equity Ratio of Boyd Gaming was 5.85. The lowest was 0.96. And the median was 2.90.
BYD's Debt-to-Equity is ranked worse than 76.73% of 722
companies
in the Travel & Leisure industry
Industry Median: 0.43
vs BYD: 1.30
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.
Boyd Gaming Debt-to-Equity Related Terms
Boyd Gaming Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Boyd Gaming'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.
For the Resorts & Casinos subindustry, Boyd Gaming'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.
Boyd Gaming Debt-to-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Boyd Gaming'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.
Boyd Gaming (BYD) has a Debt-to-Equity of 1.30 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Boyd Gaming and its competitors. This is 55% below median its historical median of 2.90. Over the past decade, Boyd Gaming's Debt-to-Equity has ranged from 0.96 to 5.85. According to the industry distribution chart, Boyd Gaming ranks #554 out of 722 companies in the Travel & Leisure industry, placing it in the top 76.7%.
Is Boyd Gaming's Debt-to-Equity too high?
Boyd Gaming's current Debt-to-Equity of 1.30 is 55% below median its 10-year median of 2.90. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 5.85. The Travel & Leisure industry median Debt-to-Equity is 0.43. Boyd Gaming's value of 1.30 is 202.3% above this industry median. Based on the distribution chart, Boyd Gaming ranks #554 out of 722 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Boyd Gaming has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boyd Gaming's Debt-to-Equity compare to CZR and MTN?
According to the Travel & Leisure industry distribution chart, Boyd Gaming ranks #554 out of 722 companies for Debt-to-Equity. This places Boyd Gaming in the lower half of its industry. The industry median Debt-to-Equity is 0.43. Boyd Gaming's value of 1.30 is 202.3% above this benchmark. Historically, Boyd Gaming's own Debt-to-Equity has ranged from 0.96 to 5.85 over the past decade. While the company's 10-year median is 2.90 vs. the industry median of 0.43, Boyd Gaming 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-Equity for a Travel & Leisure company?
The median Debt-to-Equity among Travel & Leisure companies is 0.43, based on 722 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. Boyd Gaming's current Debt-to-Equity of 1.30 is 202.3% 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-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 Boyd Gaming and its competitors. For the Travel & Leisure industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boyd Gaming's current Debt-to-Equity is 1.30, which is 55% below median its own 10-year median of 2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boyd Gaming stock overvalued right now?
Based on GuruFocus' analysis, Boyd Gaming (BYD) is currently considered Fairly Valued. The stock's GF Value™ is $90.86, compared to a current price of $84.83 — trading 6.6% below its estimated fair value. The current Debt-to-Equity is 1.30, which is 55% below median its 10-year median of 2.90 and 202.3% above the Travel & Leisure industry median of 0.43. Boyd Gaming's overall GF Score™ is 87/100 with 5 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 Boyd Gaming (BYD), the current Debt-to-Equity is 1.30 as of Jun. 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 Boyd Gaming (BYD) Overvalued in 2026?
Based on GuruFocus' analysis, Boyd Gaming stock appears to be undervalued.
The current stock price of $84.83 is trading 6.6% below its estimated GF Value™ of $90.86.
GuruFocus considers Boyd Gaming to be Fairly Valued.
Key valuation signals for BYD:
Debt-to-Equity: 1.30 (55% below median its 10-year median of 2.90)
GF Value™: $90.86 vs. price of $84.83 (6.6% below fair value)
Industry Position: 202.3% above the Travel & Leisure median (#554 of 722)
No single metric tells the full story. See the BYD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. The Midwest and South hold the key number of entertainment properties and generate the majority of the company's revenue.
87GF Score
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