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DLH HoldingsDLHC -3.45%73 Debt-to-Equity is 1.32 as of Mar. 2026, which is 2% above its 10-year median of 1.30. GuruFocus rates DLHC with a GF Score™ of 73/100 and a GF Value™ of $5.30 (Fairly Valued). The stock has 7 warning signs investors should review. Among 957 Business Services companies, DLH Holdings ranks worse than 82.03% 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 DLH Holdings's Debt-to-Equity or its related term are showing as below:
DLHC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 1.3 Max: 2.15
Current: 1.32
During the past 13 years, the highest Debt-to-Equity Ratio of DLH Holdings was 2.15. The lowest was 0.18. And the median was 1.30.
DLHC's Debt-to-Equity is ranked worse than 82.03% of 957
companies
in the Business Services industry
Industry Median: 0.33
vs DLHC: 1.32
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.
DLH Holdings Debt-to-Equity Related Terms
DLH Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for DLH 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.
DLHC vs TISI, ANPA, WFCF: Debt-to-Equity Comparison
For the Specialty Business Services subindustry, DLH 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.
DLH Holdings Debt-to-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, DLH Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where DLH 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.
DLH Holdings (DLHC) has a Debt-to-Equity of 1.32 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on DLH Holdings and its competitors. This is near median its historical median of 1.30. Over the past decade, DLH Holdings' Debt-to-Equity has ranged from 0.18 to 2.15. According to the industry distribution chart, DLH Holdings ranks #785 out of 957 companies in the Business Services industry, placing it in the top 82%.
Is DLH Holdings' Debt-to-Equity too high?
DLH Holdings' current Debt-to-Equity of 1.32 is near median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 2.15. The Business Services industry median Debt-to-Equity is 0.33. DLH Holdings' value of 1.32 is 300% above this industry median. Based on the distribution chart, DLH Holdings ranks #785 out of 957 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, DLH Holdings has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DLH Holdings' Debt-to-Equity compare to TISI and ANPA?
According to the Business Services industry distribution chart, DLH Holdings ranks #785 out of 957 companies for Debt-to-Equity. This places DLH Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.33. DLH Holdings' value of 1.32 is 300% above this benchmark. Historically, DLH Holdings' own Debt-to-Equity has ranged from 0.18 to 2.15 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 0.33, DLH 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 Business Services company?
The median Debt-to-Equity among Business Services companies is 0.33, based on 957 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. DLH Holdings's current Debt-to-Equity of 1.32 is 300% 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 DLH Holdings and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DLH Holdings's current Debt-to-Equity is 1.32, which is near median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DLH Holdings stock overvalued right now?
Based on GuruFocus' analysis, DLH Holdings (DLHC) is currently considered Fairly Valued. The stock's GF Value™ is $5.30, compared to a current price of $5.31 — trading 0.2% above its estimated fair value. The current Debt-to-Equity is 1.32, which is near median its 10-year median of 1.30 and 300% above the Business Services industry median of 0.33. DLH Holdings' overall GF Score™ is 73/100 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 DLH Holdings (DLHC), the current Debt-to-Equity is 1.32 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 DLH Holdings (DLHC) Overvalued in 2026?
Based on GuruFocus' analysis, DLH Holdings stock appears to be overvalued.
The current stock price of $5.31 is trading 0.2% above its estimated GF Value™ of $5.30.
GuruFocus considers DLH Holdings to be Fairly Valued.
Key valuation signals for DLHC:
Debt-to-Equity: 1.32 (near median its 10-year median of 1.30)
GF Value™: $5.30 vs. price of $5.31 (0.2% above fair value)
Industry Position: 300% above the Business Services median (#785 of 957)
No single metric tells the full story. See the DLHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DLH Holdings Corp delivers health and readiness solutions for federal government customers through digital transformation and cyber security, science research and development, and systems engineering and integration. It provides technology-enabled business process, program management, and digital transformation solutions to U.S. government agencies, focusing on large-scale, technology-powered health and defense initiatives for agencies including HHS, VA, DoD, and their sub-agencies. Its revenues come from technology-enabled business process outsourcing, program management solutions, and public health research and analytics under time-and-materials, cost-reimbursable, and firm-fixed-price contracts.
73GF Score
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