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Clearwater Analytics HoldingsCWAN 60 Debt-to-Equity is 0.42 as of Mar. 2026, which is 62% above its 10-year median of 0.26. GuruFocus rates CWAN with a GF Score™ of 60/100 and a GF Value™ of $32.56 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,247 Software companies, Clearwater Analytics Holdings ranks worse than 66.67% 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 Clearwater Analytics Holdings's Debt-to-Equity or its related term are showing as below:
CWAN'
s Debt-to-Equity Range Over the Past 10 Years
Min: -1.29 Med: 0.26 Max: 0.47
Current: 0.42
During the past 7 years, the highest Debt-to-Equity Ratio of Clearwater Analytics Holdings was 0.47. The lowest was -1.29. And the median was 0.26.
CWAN's Debt-to-Equity is ranked worse than 66.67% of 2247
companies
in the Software industry
Industry Median: 0.19
vs CWAN: 0.42
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.
Clearwater Analytics Holdings Debt-to-Equity Related Terms
Clearwater Analytics Holdings Debt-to-Equity Historical Data
* 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.
CWAN vs IDCC, CHYM, TTAN: Debt-to-Equity Comparison
For the Software - Application subindustry, Clearwater Analytics 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.
Clearwater Analytics Holdings Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Clearwater Analytics Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Clearwater Analytics 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.
Clearwater Analytics Holdings (CWAN) has a Debt-to-Equity of 0.42 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Clearwater Analytics Holdings and its competitors. This is 62% above median its historical median of 0.26. According to the industry distribution chart, Clearwater Analytics Holdings ranks #1498 out of 2247 companies in the Software industry, placing it in the top 66.7%.
Is Clearwater Analytics Holdings' Debt-to-Equity too high?
Clearwater Analytics Holdings' current Debt-to-Equity of 0.42 is 62% above median its 10-year median of 0.26. The Software industry median Debt-to-Equity is 0.19. Clearwater Analytics Holdings' value of 0.42 is 121.1% above this industry median. Based on the distribution chart, Clearwater Analytics Holdings ranks #1498 out of 2247 companies in the Software industry, which is below the industry midpoint. Overall, Clearwater Analytics Holdings has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Clearwater Analytics Holdings' Debt-to-Equity compare to IDCC and CHYM?
According to the Software industry distribution chart, Clearwater Analytics Holdings ranks #1498 out of 2247 companies for Debt-to-Equity. This places Clearwater Analytics Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.19. Clearwater Analytics Holdings' value of 0.42 is 121.1% above this benchmark. While the company's 10-year median is 0.26 vs. the industry median of 0.19, Clearwater Analytics 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 Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,247 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. Clearwater Analytics Holdings's current Debt-to-Equity of 0.42 is 121.1% 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 Clearwater Analytics Holdings and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearwater Analytics Holdings's current Debt-to-Equity is 0.42, which is 62% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearwater Analytics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Clearwater Analytics Holdings (CWAN) is currently considered Modestly Undervalued. The stock's GF Value™ is $32.56, compared to a current price of $24.56 — trading 24.6% below its estimated fair value. The current Debt-to-Equity is 0.42, which is 62% above median its 10-year median of 0.26 and 121.1% above the Software industry median of 0.19. Clearwater Analytics Holdings' overall GF Score™ is 60/100 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 Clearwater Analytics Holdings (CWAN), the current Debt-to-Equity is 0.42 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 Clearwater Analytics Holdings (CWAN) Overvalued in 2026?
Based on GuruFocus' analysis, Clearwater Analytics Holdings stock appears to be undervalued.
The current stock price of $24.56 is trading 24.6% below its estimated GF Value™ of $32.56.
GuruFocus considers Clearwater Analytics Holdings to be Modestly Undervalued.
Key valuation signals for CWAN:
Debt-to-Equity: 0.42 (62% above median its 10-year median of 0.26)
GF Value™: $32.56 vs. price of $24.56 (24.6% below fair value)
Industry Position: 121.1% above the Software median (#1498 of 2247)
No single metric tells the full story. See the CWAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clearwater Analytics describes its mission as aiming to be the world's most trusted and comprehensive technology platform for the entire investment cycle. Clearwater has historically focused on back-office functions such as investment accounting, but with acquisitions such Enfusion, Beacon, and Bistro, the firm has broadened its focus with front-office and middle-office capabilities. Clearwater primarily serves insurance companies, asset managers, hedge funds, and corporate treasuries. Pro forma for Enfusion, about 76% of Clearwater's revenue is generated in the US.
60GF Score
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