KOP (Koppers Holdings) Debt-to-Equity: 1.86 (As of Mar. 2026) — 24% Below 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.

KOP Koppers Holdings Inc KOP
69 GF Score
Price $49.02
GF Value $34.67
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Koppers Holdings Debt-to-Equity?

Koppers Holdings KOP +0.08% 69 Debt-to-Equity is 1.86 as of Mar. 2026, which is 24% below its 10-year median of 2.45. GuruFocus rates KOP with a GF Score™ of 69/100 and a GF Value™ of $34.67 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,419 Chemicals companies, Koppers Holdings ranks worse than 94.36% on this metric.

Koppers Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $33 Mil. Koppers Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $990 Mil. Koppers Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $550 Mil. Koppers Holdings's debt to equity for the quarter that ended in Mar. 2026 was 1.86.

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 Koppers Holdings's Debt-to-Equity or its related term are showing as below:

KOP' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.78   Med: 2.45   Max: 209.03
Current: 1.86

During the past 13 years, the highest Debt-to-Equity Ratio of Koppers Holdings was 209.03. The lowest was 1.78. And the median was 2.45.

KOP's Debt-to-Equity is ranked worse than
94.36% of 1419 companies
in the Chemicals industry
Industry Median: 0.36 vs KOP: 1.86

Koppers Holdings  (NYSE:KOP) 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.


Koppers Holdings Debt-to-Equity Related Terms


Koppers Holdings Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Koppers Holdings'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.

Koppers Holdings Debt-to-Equity Chart

Koppers Holdings 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 2.15 2.27 1.87 2.09 1.78

Koppers Holdings 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 2.15 2.03 1.89 1.78 1.86

KOP vs LWLG, KRO, SCL: Debt-to-Equity Comparison

For the Specialty Chemicals subindustry, Koppers Holdings'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.


Koppers Holdings Debt-to-Equity vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Koppers Holdings's Debt-to-Equity distribution charts can be found below:

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


KOP
69GF Score
Koppers Holdings Inc KOP
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Koppers Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Koppers Holdings'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 1.86 mean?
Koppers Holdings (KOP) has a Debt-to-Equity of 1.86 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Koppers Holdings and its competitors. This is 24% below median its historical median of 2.45. Over the past decade, Koppers Holdings' Debt-to-Equity has ranged from 1.78 to 209.03. According to the industry distribution chart, Koppers Holdings ranks #1339 out of 1419 companies in the Chemicals industry, placing it in the top 94.4%.
Is Koppers Holdings' Debt-to-Equity too high?
Koppers Holdings' current Debt-to-Equity of 1.86 is 24% below median its 10-year median of 2.45. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 209.03. The Chemicals industry median Debt-to-Equity is 0.36. Koppers Holdings' value of 1.86 is 416.7% above this industry median. Based on the distribution chart, Koppers Holdings ranks #1339 out of 1419 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Koppers Holdings has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koppers Holdings' Debt-to-Equity compare to LWLG and KRO?
According to the Chemicals industry distribution chart, Koppers Holdings ranks #1339 out of 1419 companies for Debt-to-Equity. This places Koppers Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.36. Koppers Holdings' value of 1.86 is 416.7% above this benchmark. Historically, Koppers Holdings' own Debt-to-Equity has ranged from 1.78 to 209.03 over the past decade. While the company's 10-year median is 2.45 vs. the industry median of 0.36, Koppers Holdings 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 Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.36, based on 1,419 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. Koppers Holdings's current Debt-to-Equity of 1.86 is 416.7% 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 Koppers Holdings and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koppers Holdings's current Debt-to-Equity is 1.86, which is 24% below median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koppers Holdings stock overvalued right now?
Based on GuruFocus' analysis, Koppers Holdings (KOP) is currently considered Significantly Overvalued. The stock's GF Value™ is $34.67, compared to a current price of $49.02 — trading 41.4% above its estimated fair value. The current Debt-to-Equity is 1.86, which is 24% below median its 10-year median of 2.45 and 416.7% above the Chemicals industry median of 0.36. Koppers Holdings' overall GF Score™ is 69/100 with 8 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 Koppers Holdings (KOP), the current Debt-to-Equity is 1.86 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 Koppers Holdings (KOP) Overvalued in 2026?

Based on GuruFocus' analysis, Koppers Holdings stock appears to be overvalued. The current stock price of $49.02 is trading 41.4% above its estimated GF Value™ of $34.67. GuruFocus considers Koppers Holdings to be Significantly Overvalued.

Key valuation signals for KOP:

  • Debt-to-Equity: 1.86 (24% below median its 10-year median of 2.45)
  • GF Value™: $34.67 vs. price of $49.02 (41.4% above fair value)
  • GF Score™: 69/100 with 8 warning signs
  • Industry Position: 416.7% above the Chemicals median (#1339 of 1419)

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


Koppers Holdings Business Description

Other Exchanges KO9:Germany
Address 436 Seventh Avenue, Pittsburgh, PA, USA, 15219
Koppers Holdings Inc through its subsidiaries, manufactures and sells wood products, wood treatment chemicals, and carbon compounds used in markets such as railroad, aluminum and steel, agriculture, utilities, and residential lumber. The company is organized into three business segments: railroad and utility products and services, performance chemicals, and carbon materials and chemicals. Its product portfolio includes treated and untreated wood products like crossties used in railroads, wood preservation chemicals, and carbon compounds such as creosote used in the treatment of wood crossties, among others. The majority of its revenue comes from the company's railroad and utility products and services segment, and more than half of the company's revenue is earned in the United States.
69GF Score

Get the complete analysis for KOP

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

$49.02
Price
$34.67
GF Value