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Icahn Enterprises LPIEP +0.91%54 Debt-to-Equity is 5.57 as of Mar. 2026, which is 145% above its 10-year median of 2.27. GuruFocus rates IEP with a GF Score™ of 54/100 and a GF Value™ of $7.36 (Fairly Valued). The stock has 4 warning signs investors should review. Among 798 Oil & Gas companies, Icahn Enterprises LP ranks worse than 96.62% 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 Icahn Enterprises LP's Debt-to-Equity or its related term are showing as below:
IEP'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.12 Med: 2.27 Max: 5.57
Current: 5.57
During the past 13 years, the highest Debt-to-Equity Ratio of Icahn Enterprises LP was 5.57. The lowest was 1.12. And the median was 2.27.
IEP's Debt-to-Equity is ranked worse than 96.62% of 798
companies
in the Oil & Gas industry
Industry Median: 0.46
vs IEP: 5.57
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.
Icahn Enterprises LP Debt-to-Equity Related Terms
Icahn Enterprises LP Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Icahn Enterprises LP'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 Refining & Marketing subindustry, Icahn Enterprises LP'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.
Icahn Enterprises LP Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Icahn Enterprises LP's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Icahn Enterprises LP'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.
Icahn Enterprises LP (IEP) has a Debt-to-Equity of 5.57 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Icahn Enterprises LP and its competitors. This is 145% above median its historical median of 2.27. Over the past decade, Icahn Enterprises LP's Debt-to-Equity has ranged from 1.12 to 5.57. According to the industry distribution chart, Icahn Enterprises LP ranks #771 out of 798 companies in the Oil & Gas industry, placing it in the top 96.6%.
Is Icahn Enterprises LP's Debt-to-Equity too high?
Icahn Enterprises LP's current Debt-to-Equity of 5.57 is 145% above median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 5.57. The Oil & Gas industry median Debt-to-Equity is 0.46. Icahn Enterprises LP's value of 5.57 is 1110.9% above this industry median. Based on the distribution chart, Icahn Enterprises LP ranks #771 out of 798 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Icahn Enterprises LP has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Icahn Enterprises LP's Debt-to-Equity compare to PARR and DK?
According to the Oil & Gas industry distribution chart, Icahn Enterprises LP ranks #771 out of 798 companies for Debt-to-Equity. This places Icahn Enterprises LP in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Icahn Enterprises LP's value of 5.57 is 1110.9% above this benchmark. Historically, Icahn Enterprises LP's own Debt-to-Equity has ranged from 1.12 to 5.57 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 0.46, Icahn Enterprises LP 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 an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 798 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. Icahn Enterprises LP's current Debt-to-Equity of 5.57 is 1110.9% 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 Icahn Enterprises LP 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. Icahn Enterprises LP's current Debt-to-Equity is 5.57, which is 145% above median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icahn Enterprises LP stock overvalued right now?
Based on GuruFocus' analysis, Icahn Enterprises LP (IEP) is currently considered Fairly Valued. The stock's GF Value™ is $7.36, compared to a current price of $7.79 — trading 5.8% above its estimated fair value. The current Debt-to-Equity is 5.57, which is 145% above median its 10-year median of 2.27 and 1110.9% above the Oil & Gas industry median of 0.46. Icahn Enterprises LP's overall GF Score™ is 54/100 with 4 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 Icahn Enterprises LP (IEP), the current Debt-to-Equity is 5.57 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 Icahn Enterprises LP (IEP) Overvalued in 2026?
Based on GuruFocus' analysis, Icahn Enterprises LP stock appears to be overvalued.
The current stock price of $7.79 is trading 5.8% above its estimated GF Value™ of $7.36.
GuruFocus considers Icahn Enterprises LP to be Fairly Valued.
Key valuation signals for IEP:
Debt-to-Equity: 5.57 (145% above median its 10-year median of 2.27)
GF Value™: $7.36 vs. price of $7.79 (5.8% above fair value)
Industry Position: 1110.9% above the Oil & Gas median (#771 of 798)
No single metric tells the full story. See the IEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Icahn Enterprises LP provides diversified business services in the United States. The company operates its business through varied segments which include Investment, Automotive, Energy, Food Packaging, Real Estate, Pharma, and Home Fashion. Among these, the Energy segment derives the maximum revenue from the company. Geographically, it generates maximum revenue from the United States.
54GF Score
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