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Green Thumb IndustriesFRA:R9U2 -0.90%82 Debt-to-Equity is 0.30 as of Jun. 2026, which is 3% above its 10-year median of 0.29. GuruFocus rates FRA:R9U2 with a GF Score™ of 82/100 and a GF Value™ of €7.37 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 811 Drug Manufacturers companies, Green Thumb Industries ranks worse than 52.65% 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 Green Thumb Industries's Debt-to-Equity or its related term are showing as below:
FRA:R9U2'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.29 Max: 0.34
Current: 0.3
During the past 13 years, the highest Debt-to-Equity Ratio of Green Thumb Industries was 0.34. The lowest was 0.02. And the median was 0.29.
FRA:R9U2's Debt-to-Equity is ranked worse than 52.65% of 811
companies
in the Drug Manufacturers industry
Industry Median: 0.28
vs FRA:R9U2: 0.30
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.
Green Thumb Industries Debt-to-Equity Related Terms
Green Thumb Industries Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Green Thumb Industries'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 Drug Manufacturers - Specialty & Generic subindustry, Green Thumb Industries'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.
Green Thumb Industries Debt-to-Equity vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Green Thumb Industries's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Green Thumb Industries'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.
Green Thumb Industries (FRA:R9U2) has a Debt-to-Equity of 0.30 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Green Thumb Industries and its competitors. This is near median its historical median of 0.29. Over the past decade, Green Thumb Industries' Debt-to-Equity has ranged from 0.02 to 0.34. According to the industry distribution chart, Green Thumb Industries ranks #427 out of 811 companies in the Drug Manufacturers industry, placing it in the top 52.7%.
Is Green Thumb Industries' Debt-to-Equity too high?
Green Thumb Industries' current Debt-to-Equity of 0.30 is near median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.34. The Drug Manufacturers industry median Debt-to-Equity is 0.28. Green Thumb Industries' value of 0.30 is 7.1% above this industry median. Based on the distribution chart, Green Thumb Industries ranks #427 out of 811 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Green Thumb Industries has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Green Thumb Industries' Debt-to-Equity compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Green Thumb Industries ranks #427 out of 811 companies for Debt-to-Equity. This places Green Thumb Industries in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Green Thumb Industries' value of 0.30 is 7.1% above this benchmark. Historically, Green Thumb Industries' own Debt-to-Equity has ranged from 0.02 to 0.34 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.28, Green Thumb Industries 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 Drug Manufacturers company?
The median Debt-to-Equity among Drug Manufacturers companies is 0.28, based on 811 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. Green Thumb Industries's current Debt-to-Equity of 0.30 is 7.1% 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 Green Thumb Industries and its competitors. For the Drug Manufacturers industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Green Thumb Industries's current Debt-to-Equity is 0.30, which is near median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Thumb Industries stock overvalued right now?
Based on GuruFocus' analysis, Green Thumb Industries (FRA:R9U2) is currently considered Modestly Undervalued. The stock's GF Value™ is €7.37, compared to a current price of €6.61 — trading 10.3% below its estimated fair value. The current Debt-to-Equity is 0.30, which is near median its 10-year median of 0.29 and 7.1% above the Drug Manufacturers industry median of 0.28. Green Thumb Industries' overall GF Score™ is 82/100 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 Green Thumb Industries (FRA:R9U2), the current Debt-to-Equity is 0.30 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 Green Thumb Industries (FRA:R9U2) Overvalued in 2026?
Based on GuruFocus' analysis, Green Thumb Industries stock appears to be undervalued.
The current stock price of €6.61 is trading 10.3% below its estimated GF Value™ of €7.37.
GuruFocus considers Green Thumb Industries to be Modestly Undervalued.
Key valuation signals for FRA:R9U2:
Debt-to-Equity: 0.30 (near median its 10-year median of 0.29)
GF Value™: €7.37 vs. price of €6.61 (10.3% below fair value)
Industry Position: 7.1% above the Drug Manufacturers median (#427 of 811)
No single metric tells the full story. See the FRA:R9U2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 14 states and operates more than 100 cannabis stores under the brand Rise. GTI is focusing its expansion on limited-license states with large populations, and it does not currently export into the global medical market due to the USA federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, Incredibles, and RYTHM.
82GF Score
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