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First HorizonFRA:FT2 +0.91%69 Debt-to-Equity is 0.36 as of Mar. 2026, which is 18% below its 10-year median of 0.44. GuruFocus rates FRA:FT2 with a GF Score™ of 69/100 and a GF Value™ of €18.23. The stock has 5 warning signs investors should review. Among 1,422 Banks companies, First Horizon ranks better than 74.26% 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 First Horizon's Debt-to-Equity or its related term are showing as below:
FRA:FT2'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.44 Max: 1.04
Current: 0.24
During the past 13 years, the highest Debt-to-Equity Ratio of First Horizon was 1.04. The lowest was 0.16. And the median was 0.44.
FRA:FT2's Debt-to-Equity is ranked better than 74.26% of 1422
companies
in the Banks industry
Industry Median: 0.58
vs FRA:FT2: 0.24
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.
First Horizon Debt-to-Equity Related Terms
First Horizon Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for First Horizon'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:FT2 vs WBS, BPOP, UMBF: Debt-to-Equity Comparison
For the Banks - Regional subindustry, First Horizon'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.
First Horizon Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, First Horizon's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where First Horizon'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.
First Horizon (FRA:FT2) has a Debt-to-Equity of 0.36 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First Horizon and its competitors. This is 18% below median its historical median of 0.44. Over the past decade, First Horizon's Debt-to-Equity has ranged from 0.16 to 1.04. According to the industry distribution chart, First Horizon ranks #366 out of 1422 companies in the Banks industry, placing it in the top 25.7%.
Is First Horizon's Debt-to-Equity too high?
First Horizon's current Debt-to-Equity of 0.36 is 18% below median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.04. The Banks industry median Debt-to-Equity is 0.58. First Horizon's value of 0.36 is 37.9% below this industry median. Based on the distribution chart, First Horizon ranks #366 out of 1422 companies in the Banks industry, which is above the industry midpoint. Overall, First Horizon has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does First Horizon's Debt-to-Equity compare to WBS and BPOP?
According to the Banks industry distribution chart, First Horizon ranks #366 out of 1422 companies for Debt-to-Equity. This puts First Horizon in the upper half of its industry. The industry median Debt-to-Equity is 0.58. First Horizon's value of 0.36 is 37.9% below this benchmark. Historically, First Horizon's own Debt-to-Equity has ranged from 0.16 to 1.04 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.58, First Horizon has consistently been below 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 Banks company?
The median Debt-to-Equity among Banks companies is 0.58, based on 1,422 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. First Horizon's current Debt-to-Equity of 0.36 is 37.9% below 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 First Horizon and its competitors. For the Banks industry, the median Debt-to-Equity is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Horizon's current Debt-to-Equity is 0.36, which is 18% below median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Horizon stock overvalued right now?
First Horizon (FRA:FT2) has a current Debt-to-Equity of 0.36. The stock's GF Value™ is €18.23, compared to a current price of €22.20 — trading 21.8% above its estimated fair value. The current Debt-to-Equity is 0.36, which is 18% below median its 10-year median of 0.44 and 37.9% below the Banks industry median of 0.58. First Horizon's overall GF Score™ is 69/100 with 5 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 First Horizon (FRA:FT2), the current Debt-to-Equity is 0.36 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 First Horizon (FRA:FT2) Overvalued in 2026?
Based on GuruFocus' analysis, First Horizon stock appears to be overvalued.
The current stock price of €22.20 is trading 21.8% above its estimated GF Value™ of €18.23.
Key valuation signals for FRA:FT2:
Debt-to-Equity: 0.36 (18% below median its 10-year median of 0.44)
GF Value™: €18.23 vs. price of €22.20 (21.8% above fair value)
Industry Position: 37.9% below the Banks median (#366 of 1422)
No single metric tells the full story. See the FRA:FT2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The company's reportable segments are: Commercial, Consumer & Wealth, Wholesale, and Corporate. The majority of its revenue is generated from Commercial, Consumer & Wealth. The Commercial, Consumer & Wealth segment offers financial products and services, including traditional lending and deposit taking, to commercial and consumer clients in the southern USA and other selected markets. The Wholesale segment delivers industry-specific products and services, while the Corporate segment provides internal support functions like finance, risk, and audit.
69GF Score
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