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Affirm HoldingsMEX:AFRM 77 Debt-to-Equity is 2.40 as of Mar. 2026, which is 18% above its 10-year median of 2.03. GuruFocus rates MEX:AFRM with a GF Score™ of 77/100 and a GF Value™ of MXN1,257.34 (Fairly Valued). The stock has 7 warning signs investors should review. Among 455 Credit Services companies, Affirm Holdings ranks worse than 66.59% 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 Affirm Holdings's Debt-to-Equity or its related term are showing as below:
MEX:AFRM'
s Debt-to-Equity Range Over the Past 10 Years
Min: -4.74 Med: 2.03 Max: 2.69
Current: 2.4
During the past 7 years, the highest Debt-to-Equity Ratio of Affirm Holdings was 2.69. The lowest was -4.74. And the median was 2.03.
MEX:AFRM's Debt-to-Equity is ranked worse than 66.59% of 455
companies
in the Credit Services industry
Industry Median: 1.23
vs MEX:AFRM: 2.40
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.
Affirm Holdings Debt-to-Equity Related Terms
Affirm Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Affirm 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.
MEX:AFRM vs SYF, SOFI, ALLY: Debt-to-Equity Comparison
For the Credit Services subindustry, Affirm 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.
Affirm Holdings Debt-to-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Affirm Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Affirm 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.
Affirm Holdings (MEX:AFRM) has a Debt-to-Equity of 2.40 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Affirm Holdings and its competitors. This is 18% above median its historical median of 2.03. According to the industry distribution chart, Affirm Holdings ranks #303 out of 455 companies in the Credit Services industry, placing it in the top 66.6%.
Is Affirm Holdings' Debt-to-Equity too high?
Affirm Holdings' current Debt-to-Equity of 2.40 is 18% above median its 10-year median of 2.03. The Credit Services industry median Debt-to-Equity is 1.23. Affirm Holdings' value of 2.40 is 95.1% above this industry median. Based on the distribution chart, Affirm Holdings ranks #303 out of 455 companies in the Credit Services industry, which is below the industry midpoint. Overall, Affirm Holdings has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Affirm Holdings' Debt-to-Equity compare to SYF and SOFI?
According to the Credit Services industry distribution chart, Affirm Holdings ranks #303 out of 455 companies for Debt-to-Equity. This places Affirm Holdings in the lower half of its industry. The industry median Debt-to-Equity is 1.23. Affirm Holdings' value of 2.40 is 95.1% above this benchmark. While the company's 10-year median is 2.03 vs. the industry median of 1.23, Affirm 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 Credit Services company?
The median Debt-to-Equity among Credit Services companies is 1.23, based on 455 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. Affirm Holdings's current Debt-to-Equity of 2.40 is 95.1% 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 Affirm Holdings and its competitors. For the Credit Services industry, the median Debt-to-Equity is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Affirm Holdings's current Debt-to-Equity is 2.40, which is 18% above median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Affirm Holdings stock overvalued right now?
Based on GuruFocus' analysis, Affirm Holdings (MEX:AFRM) is currently considered Fairly Valued. The stock's GF Value™ is MXN1,257.34, compared to a current price of MXN1,240.00 — trading 1.4% below its estimated fair value. The current Debt-to-Equity is 2.40, which is 18% above median its 10-year median of 2.03 and 95.1% above the Credit Services industry median of 1.23. Affirm Holdings' overall GF Score™ is 77/100 with 7 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 Affirm Holdings (MEX:AFRM), the current Debt-to-Equity is 2.40 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 Affirm Holdings (MEX:AFRM) Overvalued in 2026?
Based on GuruFocus' analysis, Affirm Holdings stock appears to be undervalued.
The current stock price of MXN1,240.00 is trading 1.4% below its estimated GF Value™ of MXN1,257.34.
GuruFocus considers Affirm Holdings to be Fairly Valued.
Key valuation signals for MEX:AFRM:
Debt-to-Equity: 2.40 (18% above median its 10-year median of 2.03)
GF Value™: MXN1,257.34 vs. price of MXN1,240.00 (1.4% below fair value)
Industry Position: 95.1% above the Credit Services median (#303 of 455)
No single metric tells the full story. See the MEX:AFRM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2012, Affirm is a market leader in the buy now, pay later space with around $36 billion in transaction volume in fiscal 2025. Affirm offers both zero-interest financing, which is merchant subsidized, and interest-bearing loans, which function as personal loans that are approved on a per-transaction basis. Over 70% of Affirm's transaction volume comes from its interest-bearing loans, which also constitute the majority of its revenue. Affirm primarily operates in the United States, which accounted for more than 95% of its revenue in 2025, but it has also expanded to Canada and the United Kingdom.
77GF Score
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