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.
Dominion EnergyD -0.91%77 Debt-to-Equity is 1.78 as of Mar. 2026, which is 13% above its 10-year median of 1.58. GuruFocus rates D with a GF Score™ of 77/100 and a GF Value™ of $63.73 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 473 Utilities - Regulated companies, Dominion Energy ranks worse than 78.01% 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 Dominion Energy's Debt-to-Equity or its related term are showing as below:
D'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.01 Med: 1.58 Max: 2.47
Current: 1.78
During the past 13 years, the highest Debt-to-Equity Ratio of Dominion Energy was 2.47. The lowest was 1.01. And the median was 1.58.
D's Debt-to-Equity is ranked worse than 78.01% of 473
companies
in the Utilities - Regulated industry
Industry Median: 0.99
vs D: 1.78
Dominion Energy (NYSE:D) 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.
Dominion Energy Debt-to-Equity Related Terms
Dominion Energy Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Dominion Energy'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 Utilities - Regulated Electric subindustry, Dominion Energy'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.
Dominion Energy Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Dominion Energy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Dominion Energy'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.
Dominion Energy (D) has a Debt-to-Equity of 1.78 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Dominion Energy and its competitors. This is 13% above median its historical median of 1.58. Over the past decade, Dominion Energy's Debt-to-Equity has ranged from 1.01 to 2.47. According to the industry distribution chart, Dominion Energy ranks #369 out of 473 companies in the Utilities - Regulated industry, placing it in the top 78%.
Is Dominion Energy's Debt-to-Equity too high?
Dominion Energy's current Debt-to-Equity of 1.78 is 13% above median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 2.47. The Utilities - Regulated industry median Debt-to-Equity is 0.99. Dominion Energy's value of 1.78 is 79.8% above this industry median. Based on the distribution chart, Dominion Energy ranks #369 out of 473 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Dominion Energy has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dominion Energy's Debt-to-Equity compare to ETR and XEL?
According to the Utilities - Regulated industry distribution chart, Dominion Energy ranks #369 out of 473 companies for Debt-to-Equity. This places Dominion Energy in the lower half of its industry. The industry median Debt-to-Equity is 0.99. Dominion Energy's value of 1.78 is 79.8% above this benchmark. Historically, Dominion Energy's own Debt-to-Equity has ranged from 1.01 to 2.47 over the past decade. While the company's 10-year median is 1.58 vs. the industry median of 0.99, Dominion Energy 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 an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.99, based on 473 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. Dominion Energy's current Debt-to-Equity of 1.78 is 79.8% 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 Dominion Energy and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dominion Energy's current Debt-to-Equity is 1.78, which is 13% above median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dominion Energy stock overvalued right now?
Based on GuruFocus' analysis, Dominion Energy (D) is currently considered Modestly Overvalued. The stock's GF Value™ is $63.73, compared to a current price of $71.04 — trading 11.5% above its estimated fair value. The current Debt-to-Equity is 1.78, which is 13% above median its 10-year median of 1.58 and 79.8% above the Utilities - Regulated industry median of 0.99. Dominion Energy's overall GF Score™ is 77/100 with 10 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 Dominion Energy (D), the current Debt-to-Equity is 1.78 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 Dominion Energy (D) Overvalued in 2026?
Based on GuruFocus' analysis, Dominion Energy stock appears to be overvalued.
The current stock price of $71.04 is trading 11.5% above its estimated GF Value™ of $63.73.
GuruFocus considers Dominion Energy to be Modestly Overvalued.
Key valuation signals for D:
Debt-to-Equity: 1.78 (13% above median its 10-year median of 1.58)
GF Value™: $63.73 vs. price of $71.04 (11.5% above fair value)
Industry Position: 79.8% above the Utilities - Regulated median (#369 of 473)
No single metric tells the full story. See the D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Based in Richmond, Virginia, Dominion Energy is an integrated energy company with over 31 gigawatts of electric generation capacity and more than 91,000 miles of electric transmission and distribution lines. Dominion is constructing a rate-regulated 5.2 GW wind farm off the Virginia Beach coast.
77GF Score
Get the complete analysis for D
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
D has been successfully added to your 
