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DTE Energy CoDTE +0.94%73 Debt-to-Equity is 2.29 as of Jun. 2026, which is 24% above its 10-year median of 1.85. GuruFocus rates DTE with a GF Score™ of 73/100 and a GF Value™ of $152.57 (Fairly Valued). The stock has 9 warning signs investors should review. Among 470 Utilities - Regulated companies, DTE Energy Co ranks worse than 88.51% 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 DTE Energy Co's Debt-to-Equity or its related term are showing as below:
DTE'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.09 Med: 1.85 Max: 2.29
Current: 2.29
During the past 13 years, the highest Debt-to-Equity Ratio of DTE Energy Co was 2.29. The lowest was 1.09. And the median was 1.85.
DTE's Debt-to-Equity is ranked worse than 88.51% of 470
companies
in the Utilities - Regulated industry
Industry Median: 0.99
vs DTE: 2.29
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.
DTE Energy Co Debt-to-Equity Related Terms
DTE Energy Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for DTE Energy Co'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, DTE Energy Co'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.
DTE Energy Co Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, DTE Energy Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where DTE Energy Co'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.
DTE Energy Co (DTE) has a Debt-to-Equity of 2.29 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on DTE Energy Co and its competitors. This is 24% above median its historical median of 1.85. Over the past decade, DTE Energy Co's Debt-to-Equity has ranged from 1.09 to 2.29. According to the industry distribution chart, DTE Energy Co ranks #416 out of 470 companies in the Utilities - Regulated industry, placing it in the top 88.5%.
Is DTE Energy Co's Debt-to-Equity too high?
DTE Energy Co's current Debt-to-Equity of 2.29 is 24% above median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 2.29. The Utilities - Regulated industry median Debt-to-Equity is 0.99. DTE Energy Co's value of 2.29 is 131.3% above this industry median. Based on the distribution chart, DTE Energy Co ranks #416 out of 470 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, DTE Energy Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DTE Energy Co's Debt-to-Equity compare to AEE and EIX?
According to the Utilities - Regulated industry distribution chart, DTE Energy Co ranks #416 out of 470 companies for Debt-to-Equity. This places DTE Energy Co in the lower half of its industry. The industry median Debt-to-Equity is 0.99. DTE Energy Co's value of 2.29 is 131.3% above this benchmark. Historically, DTE Energy Co's own Debt-to-Equity has ranged from 1.09 to 2.29 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 0.99, DTE Energy Co 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 470 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. DTE Energy Co's current Debt-to-Equity of 2.29 is 131.3% 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 DTE Energy Co 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. DTE Energy Co's current Debt-to-Equity is 2.29, which is 24% above median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DTE Energy Co stock overvalued right now?
Based on GuruFocus' analysis, DTE Energy Co (DTE) is currently considered Fairly Valued. The stock's GF Value™ is $152.57, compared to a current price of $140.84 — trading 7.7% below its estimated fair value. The current Debt-to-Equity is 2.29, which is 24% above median its 10-year median of 1.85 and 131.3% above the Utilities - Regulated industry median of 0.99. DTE Energy Co's overall GF Score™ is 73/100 with 9 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 DTE Energy Co (DTE), the current Debt-to-Equity is 2.29 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 DTE Energy Co (DTE) Overvalued in 2026?
Based on GuruFocus' analysis, DTE Energy Co stock appears to be undervalued.
The current stock price of $140.84 is trading 7.7% below its estimated GF Value™ of $152.57.
GuruFocus considers DTE Energy Co to be Fairly Valued.
Key valuation signals for DTE:
Debt-to-Equity: 2.29 (24% above median its 10-year median of 1.85)
GF Value™: $152.57 vs. price of $140.84 (7.7% below fair value)
Industry Position: 131.3% above the Utilities - Regulated median (#416 of 470)
No single metric tells the full story. See the DTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. DTE Electric serves approximately 2.3 million customers in southeastern Michigan, including Detroit. DTE Gas serves 1.3 million customers throughout the state. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects.
73GF Score
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