Flowers Foods (FRA:FWF) Debt-to-Equity: 1.57 (As of Mar. 2026) — 69% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:FWF Flowers Foods Inc FRA:FWF
51 GF Score
Price €6.17
GF Value €19.97
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Flowers Foods Debt-to-Equity?

Flowers Foods FRA:FWF +0.39% 51 Debt-to-Equity is 1.57 as of Mar. 2026, which is 69% above its 10-year median of 0.93. GuruFocus rates FRA:FWF with a GF Score™ of 51/100 and a GF Value™ of €19.97 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,747 Consumer Packaged Goods companies, Flowers Foods ranks worse than 89.24% on this metric.

Flowers Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €409 Mil. Flowers Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €1,363 Mil. Flowers Foods's Total Stockholders Equity for the quarter that ended in Mar. 2026 was €1,127 Mil. Flowers Foods's debt to equity for the quarter that ended in Mar. 2026 was 1.57.

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 Flowers Foods's Debt-to-Equity or its related term are showing as below:

FRA:FWF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64   Med: 0.93   Max: 1.6
Current: 1.57

During the past 13 years, the highest Debt-to-Equity Ratio of Flowers Foods was 1.60. The lowest was 0.64. And the median was 0.93.

FRA:FWF's Debt-to-Equity is ranked worse than
89.24% of 1747 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs FRA:FWF: 1.57

Flowers Foods  (FRA:FWF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Flowers Foods Debt-to-Equity Related Terms


Flowers Foods Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Flowers Foods'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.

Flowers Foods Debt-to-Equity Chart

Flowers Foods Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 0.83 1.00 0.96 1.60

Flowers Foods Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.51 1.46 1.50 1.60 1.57

FRA:FWF vs NOMD, BRBR, JJSF: Debt-to-Equity Comparison

For the Packaged Foods subindustry, Flowers Foods'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.


Flowers Foods Debt-to-Equity vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Flowers Foods's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Flowers Foods's Debt-to-Equity falls into.


FRA:FWF
51GF Score
Flowers Foods Inc FRA:FWF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flowers Foods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Flowers Foods's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Flowers Foods's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.57 mean?
Flowers Foods (FRA:FWF) has a Debt-to-Equity of 1.57 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Flowers Foods and its competitors. This is 69% above median its historical median of 0.93. Over the past decade, Flowers Foods' Debt-to-Equity has ranged from 0.64 to 1.60. According to the industry distribution chart, Flowers Foods ranks #1559 out of 1747 companies in the Consumer Packaged Goods industry, placing it in the top 89.2%.
Is Flowers Foods' Debt-to-Equity too high?
Flowers Foods' current Debt-to-Equity of 1.57 is 69% above median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.60. The Consumer Packaged Goods industry median Debt-to-Equity is 0.41. Flowers Foods' value of 1.57 is 282.9% above this industry median. Based on the distribution chart, Flowers Foods ranks #1559 out of 1747 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Flowers Foods has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Flowers Foods' Debt-to-Equity compare to NOMD and BRBR?
According to the Consumer Packaged Goods industry distribution chart, Flowers Foods ranks #1559 out of 1747 companies for Debt-to-Equity. This places Flowers Foods in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Flowers Foods' value of 1.57 is 282.9% above this benchmark. Historically, Flowers Foods' own Debt-to-Equity has ranged from 0.64 to 1.60 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.41, Flowers Foods 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 Consumer Packaged Goods company?
The median Debt-to-Equity among Consumer Packaged Goods companies is 0.41, based on 1,747 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. Flowers Foods's current Debt-to-Equity of 1.57 is 282.9% 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 Flowers Foods and its competitors. For the Consumer Packaged Goods industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flowers Foods's current Debt-to-Equity is 1.57, which is 69% above median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flowers Foods stock overvalued right now?
Based on GuruFocus' analysis, Flowers Foods (FRA:FWF) is currently considered Significantly Undervalued. The stock's GF Value™ is €19.97, compared to a current price of €6.17 — trading 69.1% below its estimated fair value. The current Debt-to-Equity is 1.57, which is 69% above median its 10-year median of 0.93 and 282.9% above the Consumer Packaged Goods industry median of 0.41. Flowers Foods' overall GF Score™ is 51/100 with 6 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 Flowers Foods (FRA:FWF), the current Debt-to-Equity is 1.57 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 Flowers Foods (FRA:FWF) Overvalued in 2026?

Based on GuruFocus' analysis, Flowers Foods stock appears to be undervalued. The current stock price of €6.17 is trading 69.1% below its estimated GF Value™ of €19.97. GuruFocus considers Flowers Foods to be Significantly Undervalued.

Key valuation signals for FRA:FWF:

  • Debt-to-Equity: 1.57 (69% above median its 10-year median of 0.93)
  • GF Value™: €19.97 vs. price of €6.17 (69.1% below fair value)
  • GF Score™: 51/100 with 6 warning signs
  • Industry Position: 282.9% above the Consumer Packaged Goods median (#1559 of 1747)

No single metric tells the full story. See the FRA:FWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Flowers Foods Business Description

Other Exchanges FLO:USAFLO:Mexico
Address 1919 Flowers Circle, Thomasville, GA, USA, 31757
Flowers Foods Inc operates as a producer and marketer of packaged bakery foods in the United States. Its principal products include breads, buns, rolls, snack items (bars, cakes, cookies, and crackers), bagels, English muffins, tortillas, and baking mixes. These products are sold under the brand names Nature's Own, Dave's Killer Bread (DKB), Canyon Bakehouse, Simple Mills, Wonder, and Tastykake. The company derives the majority of its revenue from the sales of its bakery products.
51GF Score

Get the complete analysis for FRA:FWF

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.17
Price
€19.97
GF Value