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NextEra EnergyFRA:FP3 +0.73%85 Debt-to-Equity is 1.93 as of Jun. 2026, which is 32% above its 10-year median of 1.46. GuruFocus rates FRA:FP3 with a GF Score™ of 85/100 and a GF Value™ of €71.51 (Fairly Valued). The stock has 7 warning signs investors should review. Among 472 Utilities - Regulated companies, NextEra Energy ranks worse than 83.9% 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 NextEra Energy's Debt-to-Equity or its related term are showing as below:
FRA:FP3'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.95 Med: 1.46 Max: 1.93
Current: 1.93
During the past 13 years, the highest Debt-to-Equity Ratio of NextEra Energy was 1.93. The lowest was 0.95. And the median was 1.46.
FRA:FP3's Debt-to-Equity is ranked worse than 83.9% of 472
companies
in the Utilities - Regulated industry
Industry Median: 0.975
vs FRA:FP3: 1.93
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.
NextEra Energy Debt-to-Equity Related Terms
NextEra Energy Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for NextEra 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:FP3 vs SO, DUK, AEP: Debt-to-Equity Comparison
For the Utilities - Regulated Electric subindustry, NextEra 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.
NextEra Energy Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, NextEra Energy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where NextEra 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.
NextEra Energy (FRA:FP3) has a Debt-to-Equity of 1.93 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NextEra Energy and its competitors. This is 32% above median its historical median of 1.46. Over the past decade, NextEra Energy's Debt-to-Equity has ranged from 0.95 to 1.93. According to the industry distribution chart, NextEra Energy ranks #396 out of 472 companies in the Utilities - Regulated industry, placing it in the top 83.9%.
Is NextEra Energy's Debt-to-Equity too high?
NextEra Energy's current Debt-to-Equity of 1.93 is 32% above median its 10-year median of 1.46. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 1.93. The Utilities - Regulated industry median Debt-to-Equity is 0.98. NextEra Energy's value of 1.93 is 97.9% above this industry median. Based on the distribution chart, NextEra Energy ranks #396 out of 472 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, NextEra Energy has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NextEra Energy's Debt-to-Equity compare to SO and DUK?
According to the Utilities - Regulated industry distribution chart, NextEra Energy ranks #396 out of 472 companies for Debt-to-Equity. This places NextEra Energy in the lower half of its industry. The industry median Debt-to-Equity is 0.98. NextEra Energy's value of 1.93 is 97.9% above this benchmark. Historically, NextEra Energy's own Debt-to-Equity has ranged from 0.95 to 1.93 over the past decade. While the company's 10-year median is 1.46 vs. the industry median of 0.98, NextEra 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 0.98, based on 472 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. NextEra Energy's current Debt-to-Equity of 1.93 is 97.9% 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 NextEra Energy and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NextEra Energy's current Debt-to-Equity is 1.93, which is 32% above median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextEra Energy stock overvalued right now?
Based on GuruFocus' analysis, NextEra Energy (FRA:FP3) is currently considered Fairly Valued. The stock's GF Value™ is €71.51, compared to a current price of €76.05 — trading 6.3% above its estimated fair value. The current Debt-to-Equity is 1.93, which is 32% above median its 10-year median of 1.46 and 97.9% above the Utilities - Regulated industry median of 0.98. NextEra Energy's overall GF Score™ is 85/100 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 NextEra Energy (FRA:FP3), the current Debt-to-Equity is 1.93 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 NextEra Energy (FRA:FP3) Overvalued in 2026?
Based on GuruFocus' analysis, NextEra Energy stock appears to be overvalued.
The current stock price of €76.05 is trading 6.3% above its estimated GF Value™ of €71.51.
GuruFocus considers NextEra Energy to be Fairly Valued.
Key valuation signals for FRA:FP3:
Debt-to-Equity: 1.93 (32% above median its 10-year median of 1.46)
GF Value™: €71.51 vs. price of €76.05 (6.3% above fair value)
Industry Position: 97.9% above the Utilities - Regulated median (#396 of 472)
No single metric tells the full story. See the FRA:FP3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to over 6 million customer accounts in Florida and owns 36 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with nearly 40 GW of generation capacity, including natural gas, nuclear, wind, and solar.
85GF Score
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