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FermiFRMI +21.40%14 Debt-to-Equity is 0.43 as of Mar. 2026, which is 59% above its 10-year median of 0.27. GuruFocus rates FRMI with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 686 REITs companies, Fermi ranks better than 78.72% 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 Fermi's Debt-to-Equity or its related term are showing as below:
FRMI'
s Debt-to-Equity Range Over the Past 10 Years
Min: -48.31 Med: 0.27 Max: 0.43
Current: 0.43
During the past 1 years, the highest Debt-to-Equity Ratio of Fermi was 0.43. The lowest was -48.31. And the median was 0.27.
FRMI's Debt-to-Equity is ranked better than 78.72% of 686
companies
in the REITs industry
Industry Median: 0.78
vs FRMI: 0.43
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.
Fermi Debt-to-Equity Related Terms
Fermi Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Fermi'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.
Fermi Debt-to-Equity Chart
Fermi Annual Data
Trend
Dec25
Debt-to-Equity
0.12
Fermi Quarterly Data
Mar25
Jun25
Sep25
Dec25
Mar26
Debt-to-Equity
N/A
-48.31
0.42
0.12
0.43
FRMI vs EPR, OUT, RYN: Debt-to-Equity Comparison
For the REIT - Specialty subindustry, Fermi'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.
Fermi Debt-to-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Fermi's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Fermi'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.
Fermi (FRMI) has a Debt-to-Equity of 0.43 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Fermi and its competitors. This is 59% above median its historical median of 0.27. According to the industry distribution chart, Fermi ranks #146 out of 686 companies in the REITs industry, placing it in the top 21.3%.
Is Fermi's Debt-to-Equity too high?
Fermi's current Debt-to-Equity of 0.43 is 59% above median its 10-year median of 0.27. The REITs industry median Debt-to-Equity is 0.78. Fermi's value of 0.43 is 44.9% below this industry median. Based on the distribution chart, Fermi ranks #146 out of 686 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fermi has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Fermi's Debt-to-Equity compare to EPR and OUT?
According to the REITs industry distribution chart, Fermi ranks #146 out of 686 companies for Debt-to-Equity. This places Fermi in the top 21% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.78. Fermi's value of 0.43 is 44.9% below this benchmark. While the company's 10-year median is 0.27 vs. the industry median of 0.78, Fermi 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 REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 686 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. Fermi's current Debt-to-Equity of 0.43 is 44.9% 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 Fermi and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fermi's current Debt-to-Equity is 0.43, which is 59% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fermi stock overvalued right now?
Fermi (FRMI) has a current Debt-to-Equity of 0.43. The current Debt-to-Equity is 0.43, which is 59% above median its 10-year median of 0.27 and 44.9% below the REITs industry median of 0.78. Fermi's overall GF Score™ is 14/100 with 1 warning sign 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 Fermi (FRMI), the current Debt-to-Equity is 0.43 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.
Fermi Inc building a private power campus for AI-centric customers, developing and leasing large-scale, grid-independent energy generation and high-performance computing facilities purpose-built for the hyperscale era. The company is also developing a private energy and site infrastructure platform across the campus to support multiple powered shell buildings and a diversified, integrated power supply, including private power generation and delivery infrastructure, substations, internal distribution networks, water and cooling systems, and other essential infrastructure. In addition to powered shell facilities, it may offer long-term ground leases to tenants that elect to construct their own powered shell facilities on land, with or without integrated power delivery.
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