MAX (MediaAlpha) Debt-to-Equity: 85.29 (As of Mar. 2026)

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.

MAX MediaAlpha Inc MAX
76 GF Score
Price $13.57
GF Value $18.56
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is MediaAlpha Debt-to-Equity?

MediaAlpha MAX +3.35% 76 Debt-to-Equity is 85.29 as of Mar. 2026. GuruFocus rates MAX with a GF Score™ of 76/100 and a GF Value™ of $18.56 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 411 Interactive Media companies, MediaAlpha ranks worse than 99.51% on this metric.

MediaAlpha's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $7 Mil. MediaAlpha's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $156 Mil. MediaAlpha's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $2 Mil. MediaAlpha's debt to equity for the quarter that ended in Mar. 2026 was 85.29.

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

MAX' s Debt-to-Equity Range Over the Past 10 Years
Min: -43.07   Med: -5.68   Max: 159.21
Current: 85.29

During the past 8 years, the highest Debt-to-Equity Ratio of MediaAlpha was 159.21. The lowest was -43.07. And the median was -5.68.

MAX's Debt-to-Equity is ranked worse than
99.51% of 411 companies
in the Interactive Media industry
Industry Median: 0.13 vs MAX: 85.29

MediaAlpha  (NYSE:MAX) 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.


MediaAlpha Debt-to-Equity Related Terms


MediaAlpha Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for MediaAlpha'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.

MediaAlpha Debt-to-Equity Chart

MediaAlpha Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial -43.07 -11.45 -16.93 68.31 36.88

MediaAlpha 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 20.23 -41.87 -5.23 36.88 85.29

MAX vs CARS, NRDS, NXDR: Debt-to-Equity Comparison

For the Internet Content & Information subindustry, MediaAlpha'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.


MediaAlpha Debt-to-Equity vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, MediaAlpha's Debt-to-Equity distribution charts can be found below:

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


MAX
76GF Score
MediaAlpha Inc MAX
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MediaAlpha Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

MediaAlpha'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 85.29 mean?
MediaAlpha (MAX) has a Debt-to-Equity of 85.29 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on MediaAlpha and its competitors. According to the industry distribution chart, MediaAlpha ranks #409 out of 411 companies in the Interactive Media industry, placing it in the top 99.5%.
Is MediaAlpha's Debt-to-Equity too high?
MediaAlpha's current Debt-to-Equity is 85.29. The Interactive Media industry median Debt-to-Equity is 0.13. MediaAlpha's value of 85.29 is 65507.7% above this industry median. Based on the distribution chart, MediaAlpha ranks #409 out of 411 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, MediaAlpha has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MediaAlpha's Debt-to-Equity compare to CARS and NRDS?
According to the Interactive Media industry distribution chart, MediaAlpha ranks #409 out of 411 companies for Debt-to-Equity. This places MediaAlpha in the lower half of its industry. The industry median Debt-to-Equity is 0.13. MediaAlpha's value of 85.29 is 65507.7% above this benchmark. 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 Interactive Media company?
The median Debt-to-Equity among Interactive Media companies is 0.13, based on 411 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. MediaAlpha's current Debt-to-Equity of 85.29 is 65507.7% 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 MediaAlpha and its competitors. For the Interactive Media industry, the median Debt-to-Equity is 0.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MediaAlpha's current Debt-to-Equity is 85.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MediaAlpha stock overvalued right now?
Based on GuruFocus' analysis, MediaAlpha (MAX) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.56, compared to a current price of $13.57 — trading 26.9% below its estimated fair value. The current Debt-to-Equity is 85.29 and 65507.7% above the Interactive Media industry median of 0.13. MediaAlpha's overall GF Score™ is 76/100 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 MediaAlpha (MAX), the current Debt-to-Equity is 85.29 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 MediaAlpha (MAX) Overvalued in 2026?

Based on GuruFocus' analysis, MediaAlpha stock appears to be undervalued. The current stock price of $13.57 is trading 26.9% below its estimated GF Value™ of $18.56. GuruFocus considers MediaAlpha to be Modestly Undervalued.

Key valuation signals for MAX:

  • Debt-to-Equity: 85.29
  • GF Value™: $18.56 vs. price of $13.57 (26.9% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 65507.7% above the Interactive Media median (#409 of 411)

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


MediaAlpha Business Description

Address 700 South Flower Street, Suite 640, Los Angeles, CA, USA, 90017
MediaAlpha Inc provides a platform that enables insurance carriers and distributors to target and acquire customers. The company's technology platform brings insurance carriers and consumers together through a real-time, transparent, and results-driven ecosystem. It serves as a customer acquisition channel in property and casualty insurance, health insurance, and life insurance. The company operates in the United States and generates revenue by earning a fee for each consumer referral sold on its platform.
76GF Score

Get the complete analysis for MAX

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

$13.57
Price
$18.56
GF Value