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Imperial OilHAM:IMP +3.30%77 Debt-to-Equity is 0.18 as of Mar. 2026, which is 14% below its 10-year median of 0.21. GuruFocus rates HAM:IMP with a GF Score™ of 77/100 and a GF Value™ of €71.65. The stock has 6 warning signs investors should review. Among 797 Oil & Gas companies, Imperial Oil ranks better than 73.53% 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 Imperial Oil's Debt-to-Equity or its related term are showing as below:
HAM:IMP'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.21 Max: 0.39
Current: 0.18
During the past 13 years, the highest Debt-to-Equity Ratio of Imperial Oil was 0.39. The lowest was 0.17. And the median was 0.21.
HAM:IMP's Debt-to-Equity is ranked better than 73.53% of 797
companies
in the Oil & Gas industry
Industry Median: 0.46
vs HAM:IMP: 0.18
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.
Imperial Oil Debt-to-Equity Related Terms
Imperial Oil Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Imperial Oil'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 Oil & Gas Integrated subindustry, Imperial Oil'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.
Imperial Oil Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Imperial Oil's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Imperial Oil'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.
Imperial Oil (HAM:IMP) has a Debt-to-Equity of 0.18 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Imperial Oil and its competitors. This is 14% below median its historical median of 0.21. Over the past decade, Imperial Oil's Debt-to-Equity has ranged from 0.17 to 0.39. According to the industry distribution chart, Imperial Oil ranks #211 out of 797 companies in the Oil & Gas industry, placing it in the top 26.5%.
Is Imperial Oil's Debt-to-Equity too high?
Imperial Oil's current Debt-to-Equity of 0.18 is 14% below median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.39. The Oil & Gas industry median Debt-to-Equity is 0.46. Imperial Oil's value of 0.18 is 60.9% below this industry median. Based on the distribution chart, Imperial Oil ranks #211 out of 797 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Imperial Oil has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Imperial Oil's Debt-to-Equity compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Imperial Oil ranks #211 out of 797 companies for Debt-to-Equity. This puts Imperial Oil in the upper half of its industry. The industry median Debt-to-Equity is 0.46. Imperial Oil's value of 0.18 is 60.9% below this benchmark. Historically, Imperial Oil's own Debt-to-Equity has ranged from 0.17 to 0.39 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 0.46, Imperial Oil 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 an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 797 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. Imperial Oil's current Debt-to-Equity of 0.18 is 60.9% 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 Imperial Oil and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imperial Oil's current Debt-to-Equity is 0.18, which is 14% below median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Oil stock overvalued right now?
Imperial Oil (HAM:IMP) has a current Debt-to-Equity of 0.18. The stock's GF Value™ is €71.65, compared to a current price of €112.80 — trading 57.4% above its estimated fair value. The current Debt-to-Equity is 0.18, which is 14% below median its 10-year median of 0.21 and 60.9% below the Oil & Gas industry median of 0.46. Imperial Oil's overall GF Score™ is 77/100 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 Imperial Oil (HAM:IMP), the current Debt-to-Equity is 0.18 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 Imperial Oil (HAM:IMP) Overvalued in 2026?
Based on GuruFocus' analysis, Imperial Oil stock appears to be overvalued.
The current stock price of €112.80 is trading 57.4% above its estimated GF Value™ of €71.65.
Key valuation signals for HAM:IMP:
Debt-to-Equity: 0.18 (14% below median its 10-year median of 0.21)
GF Value™: €71.65 vs. price of €112.80 (57.4% above fair value)
Industry Position: 60.9% below the Oil & Gas median (#211 of 797)
No single metric tells the full story. See the HAM:IMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Imperial Oil Ltd is an integrated oil company active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil, natural gas, petroleum products, and petrochemicals. It also pursues lower-emission business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. The company's reportable segments are Upstream, Downstream, and Chemical. Maximum revenue for the company is generated from its Downstream segment, which refines crude oil into petroleum products and distributes and market these products. The Upstream segment explores and produces crude oil, its equivalents, and natural gas, and the Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products.
77GF Score
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