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TXNM EnergyFRA:98P 72 Debt-to-Equity is 1.67 as of Jun. 2026, which is 9% below its 10-year median of 1.84. GuruFocus rates FRA:98P with a GF Score™ of 72/100 and a GF Value™ of €40.15. The stock has 9 warning signs investors should review. Among 471 Utilities - Regulated companies, TXNM Energy ranks worse than 73.89% 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 TXNM Energy's Debt-to-Equity or its related term are showing as below:
FRA:98P'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.53 Med: 1.84 Max: 2.43
Current: 1.67
During the past 13 years, the highest Debt-to-Equity Ratio of TXNM Energy was 2.43. The lowest was 1.53. And the median was 1.84.
FRA:98P's Debt-to-Equity is ranked worse than 73.89% of 471
companies
in the Utilities - Regulated industry
Industry Median: 1
vs FRA:98P: 1.67
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.
TXNM Energy Debt-to-Equity Related Terms
TXNM Energy Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for TXNM 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.
FRA:98P vs POR, IDA, NWE: Debt-to-Equity Comparison
For the Utilities - Regulated Electric subindustry, TXNM 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.
TXNM Energy Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, TXNM Energy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where TXNM 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.
TXNM Energy (FRA:98P) has a Debt-to-Equity of 1.67 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TXNM Energy and its competitors. This is near median its historical median of 1.84. Over the past decade, TXNM Energy's Debt-to-Equity has ranged from 1.53 to 2.43. According to the industry distribution chart, TXNM Energy ranks #348 out of 471 companies in the Utilities - Regulated industry, placing it in the top 73.9%.
Is TXNM Energy's Debt-to-Equity too high?
TXNM Energy's current Debt-to-Equity of 1.67 is near median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 2.43. The Utilities - Regulated industry median Debt-to-Equity is 1.00. TXNM Energy's value of 1.67 is 67% above this industry median. Based on the distribution chart, TXNM Energy ranks #348 out of 471 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, TXNM Energy has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does TXNM Energy's Debt-to-Equity compare to POR and IDA?
According to the Utilities - Regulated industry distribution chart, TXNM Energy ranks #348 out of 471 companies for Debt-to-Equity. This places TXNM Energy in the lower half of its industry. The industry median Debt-to-Equity is 1.00. TXNM Energy's value of 1.67 is 67% above this benchmark. Historically, TXNM Energy's own Debt-to-Equity has ranged from 1.53 to 2.43 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 1.00, TXNM 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 1.00, based on 471 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. TXNM Energy's current Debt-to-Equity of 1.67 is 67% 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 TXNM Energy and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TXNM Energy's current Debt-to-Equity is 1.67, which is near median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TXNM Energy stock overvalued right now?
TXNM Energy (FRA:98P) has a current Debt-to-Equity of 1.67. The stock's GF Value™ is €40.15, compared to a current price of €49.40 — trading 23% above its estimated fair value. The current Debt-to-Equity is 1.67, which is near median its 10-year median of 1.84 and 67% above the Utilities - Regulated industry median of 1.00. TXNM Energy's overall GF Score™ is 72/100 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 TXNM Energy (FRA:98P), the current Debt-to-Equity is 1.67 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 TXNM Energy (FRA:98P) Overvalued in 2026?
Based on GuruFocus' analysis, TXNM Energy stock appears to be overvalued.
The current stock price of €49.40 is trading 23% above its estimated GF Value™ of €40.15.
Key valuation signals for FRA:98P:
Debt-to-Equity: 1.67 (near median its 10-year median of 1.84)
GF Value™: €40.15 vs. price of €49.40 (23% above fair value)
Industry Position: 67% above the Utilities - Regulated median (#348 of 471)
No single metric tells the full story. See the FRA:98P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TXNM Energy Inc is a holding company that owns regulated utility companies providing energy to houses and businesses across Texas and New Mexico using its utilities.
72GF Score
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