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Limbach HoldingsLMB -3.34%80 Debt-to-Equity is 0.39 as of Mar. 2026, which is 33% below its 10-year median of 0.58. GuruFocus rates LMB with a GF Score™ of 80/100 and a GF Value™ of $86.76 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,611 Construction companies, Limbach Holdings ranks better than 51.02% 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 Limbach Holdings's Debt-to-Equity or its related term are showing as below:
LMB'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.58 Max: 1.39
Current: 0.39
During the past 12 years, the highest Debt-to-Equity Ratio of Limbach Holdings was 1.39. The lowest was 0.00. And the median was 0.58.
LMB's Debt-to-Equity is ranked better than 51.02% of 1611
companies
in the Construction industry
Industry Median: 0.41
vs LMB: 0.39
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.
Limbach Holdings Debt-to-Equity Related Terms
Limbach Holdings Debt-to-Equity Historical Data
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The historical data trend for Limbach 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.
For the Building Products & Equipment subindustry, Limbach 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.
Limbach Holdings Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, Limbach Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Limbach Holdings'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.
Limbach Holdings (LMB) has a Debt-to-Equity of 0.39 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Limbach Holdings and its competitors. This is 33% below median its historical median of 0.58. According to the industry distribution chart, Limbach Holdings ranks #789 out of 1611 companies in the Construction industry, placing it in the top 49%.
Is Limbach Holdings' Debt-to-Equity too high?
Limbach Holdings' current Debt-to-Equity of 0.39 is 33% below median its 10-year median of 0.58. The Construction industry median Debt-to-Equity is 0.41. Limbach Holdings' value of 0.39 is 4.9% below this industry median. Based on the distribution chart, Limbach Holdings ranks #789 out of 1611 companies in the Construction industry, which is above the industry midpoint. Overall, Limbach Holdings has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Limbach Holdings' Debt-to-Equity compare to APOG and NX?
According to the Construction industry distribution chart, Limbach Holdings ranks #789 out of 1611 companies for Debt-to-Equity. This puts Limbach Holdings in the upper half of its industry. The industry median Debt-to-Equity is 0.41. Limbach Holdings' value of 0.39 is 4.9% below this benchmark. While the company's 10-year median is 0.58 vs. the industry median of 0.41, Limbach Holdings 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 Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,611 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. Limbach Holdings's current Debt-to-Equity of 0.39 is 4.9% 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 Limbach Holdings and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Limbach Holdings's current Debt-to-Equity is 0.39, which is 33% below median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Limbach Holdings stock overvalued right now?
Based on GuruFocus' analysis, Limbach Holdings (LMB) is currently considered Modestly Undervalued. The stock's GF Value™ is $86.76, compared to a current price of $74.35 — trading 14.3% below its estimated fair value. The current Debt-to-Equity is 0.39, which is 33% below median its 10-year median of 0.58 and 4.9% below the Construction industry median of 0.41. Limbach Holdings' overall GF Score™ is 80/100 with 3 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 Limbach Holdings (LMB), the current Debt-to-Equity is 0.39 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 Limbach Holdings (LMB) Overvalued in 2026?
Based on GuruFocus' analysis, Limbach Holdings stock appears to be undervalued.
The current stock price of $74.35 is trading 14.3% below its estimated GF Value™ of $86.76.
GuruFocus considers Limbach Holdings to be Modestly Undervalued.
Key valuation signals for LMB:
Debt-to-Equity: 0.39 (33% below median its 10-year median of 0.58)
GF Value™: $86.76 vs. price of $74.35 (14.3% below fair value)
Industry Position: 4.9% below the Construction median (#789 of 1611)
No single metric tells the full story. See the LMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Limbach Holdings Inc is a building systems solutions firm that designs, delivers, and maintains mechanical (heating, ventilation, and air conditioning), electrical, plumbing, and controls (MEPC) systems. The Company partners with owners and operators of facilities across healthcare, industrial and manufacturing, data centers, life sciences, higher education, and cultural and entertainment markets. It operates through two segments: Owner Direct Relationships (ODR), which generates maximum revenue and includes owner direct projects, maintenance, and service on MEPC systems; and General Contractor Relationships (GCR), which manages new construction or renovation projects involving MEPC systems awarded by general contractors or construction managers.
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