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Copa HoldingsCPA -0.61%87 Debt-to-Equity is 0.84 as of Mar. 2026, which is 1% above its 10-year median of 0.83. GuruFocus rates CPA with a GF Score™ of 87/100 and a GF Value™ of $116.83 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 911 Transportation companies, Copa Holdings ranks worse than 64.22% 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 Copa Holdings's Debt-to-Equity or its related term are showing as below:
CPA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 0.83 Max: 1.43
Current: 0.84
During the past 13 years, the highest Debt-to-Equity Ratio of Copa Holdings was 1.43. The lowest was 0.52. And the median was 0.83.
CPA's Debt-to-Equity is ranked worse than 64.22% of 911
companies
in the Transportation industry
Industry Median: 0.53
vs CPA: 0.84
Copa Holdings (NYSE:CPA) Debt-to-Equity Explanation
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.
Copa Holdings Debt-to-Equity Related Terms
Copa Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Copa Holdings'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 Airlines subindustry, Copa Holdings'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.
Copa Holdings Debt-to-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Copa Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Copa Holdings'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.
Copa Holdings (CPA) has a Debt-to-Equity of 0.84 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Copa Holdings and its competitors. This is near median its historical median of 0.83. Over the past decade, Copa Holdings' Debt-to-Equity has ranged from 0.52 to 1.43. According to the industry distribution chart, Copa Holdings ranks #585 out of 911 companies in the Transportation industry, placing it in the top 64.2%.
Is Copa Holdings' Debt-to-Equity too high?
Copa Holdings' current Debt-to-Equity of 0.84 is near median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.43. The Transportation industry median Debt-to-Equity is 0.53. Copa Holdings' value of 0.84 is 58.5% above this industry median. Based on the distribution chart, Copa Holdings ranks #585 out of 911 companies in the Transportation industry, which is below the industry midpoint. Overall, Copa Holdings has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Copa Holdings' Debt-to-Equity compare to ALK and SKYW?
According to the Transportation industry distribution chart, Copa Holdings ranks #585 out of 911 companies for Debt-to-Equity. This places Copa Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.53. Copa Holdings' value of 0.84 is 58.5% above this benchmark. Historically, Copa Holdings' own Debt-to-Equity has ranged from 0.52 to 1.43 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 0.53, Copa Holdings 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 Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 911 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. Copa Holdings's current Debt-to-Equity of 0.84 is 58.5% 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 Copa Holdings and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Copa Holdings's current Debt-to-Equity is 0.84, which is near median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Copa Holdings stock overvalued right now?
Based on GuruFocus' analysis, Copa Holdings (CPA) is currently considered Modestly Overvalued. The stock's GF Value™ is $116.83, compared to a current price of $137.59 — trading 17.8% above its estimated fair value. The current Debt-to-Equity is 0.84, which is near median its 10-year median of 0.83 and 58.5% above the Transportation industry median of 0.53. Copa Holdings' overall GF Score™ is 87/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Copa Holdings (CPA), the current Debt-to-Equity is 0.84 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 Copa Holdings (CPA) Overvalued in 2026?
Based on GuruFocus' analysis, Copa Holdings stock appears to be overvalued.
The current stock price of $137.59 is trading 17.8% above its estimated GF Value™ of $116.83.
GuruFocus considers Copa Holdings to be Modestly Overvalued.
Key valuation signals for CPA:
Debt-to-Equity: 0.84 (near median its 10-year median of 0.83)
GF Value™: $116.83 vs. price of $137.59 (17.8% above fair value)
Industry Position: 58.5% above the Transportation median (#585 of 911)
No single metric tells the full story. See the CPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Copa Holdings SA is a provider of airline passenger and cargo services through its subsidiaries. The company operates through the air transportation segment. It offers international air transportation for passengers, cargo, and mail, operating from its Panama City hub in the Republic of Panama, and domestic and international air transportation for passengers, cargo, and mail with a point-to-point route network through Copa Colombia, a Colombian air carrier. The company's geographical segments are North America, South America, Central America, and the Caribbean. It derives the maximum revenue from North America.
87GF Score
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