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Upstart HoldingsMEX:UPST 50 Debt-to-Equity is 2.65 as of Mar. 2026, which is 65% above its 10-year median of 1.61. GuruFocus rates MEX:UPST with a GF Score™ of 50/100 and a GF Value™ of MXN1,144.65 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 456 Credit Services companies, Upstart Holdings ranks worse than 68.2% 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 Upstart Holdings's Debt-to-Equity or its related term are showing as below:
MEX:UPST'
s Debt-to-Equity Range Over the Past 10 Years
Min: -2.44 Med: 1.61 Max: 2.65
Current: 2.65
During the past 9 years, the highest Debt-to-Equity Ratio of Upstart Holdings was 2.65. The lowest was -2.44. And the median was 1.61.
MEX:UPST's Debt-to-Equity is ranked worse than 68.2% of 456
companies
in the Credit Services industry
Industry Median: 1.235
vs MEX:UPST: 2.65
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.
Upstart Holdings Debt-to-Equity Related Terms
Upstart Holdings Debt-to-Equity Historical Data
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The historical data trend for Upstart 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:UPST vs WU, BFH, AGM.A: Debt-to-Equity Comparison
For the Credit Services subindustry, Upstart 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.
Upstart Holdings Debt-to-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Upstart Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Upstart 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.
Upstart Holdings (MEX:UPST) has a Debt-to-Equity of 2.65 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Upstart Holdings and its competitors. This is 65% above median its historical median of 1.61. According to the industry distribution chart, Upstart Holdings ranks #311 out of 456 companies in the Credit Services industry, placing it in the top 68.2%.
Is Upstart Holdings' Debt-to-Equity too high?
Upstart Holdings' current Debt-to-Equity of 2.65 is 65% above median its 10-year median of 1.61. The Credit Services industry median Debt-to-Equity is 1.24. Upstart Holdings' value of 2.65 is 114.6% above this industry median. Based on the distribution chart, Upstart Holdings ranks #311 out of 456 companies in the Credit Services industry, which is below the industry midpoint. Overall, Upstart Holdings has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Upstart Holdings' Debt-to-Equity compare to WU and BFH?
According to the Credit Services industry distribution chart, Upstart Holdings ranks #311 out of 456 companies for Debt-to-Equity. This places Upstart Holdings in the lower half of its industry. The industry median Debt-to-Equity is 1.24. Upstart Holdings' value of 2.65 is 114.6% above this benchmark. While the company's 10-year median is 1.61 vs. the industry median of 1.24, Upstart 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 1.24, based on 456 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. Upstart Holdings's current Debt-to-Equity of 2.65 is 114.6% 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 Upstart Holdings and its competitors. For the Credit Services industry, the median Debt-to-Equity is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Upstart Holdings's current Debt-to-Equity is 2.65, which is 65% above median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Upstart Holdings stock overvalued right now?
Based on GuruFocus' analysis, Upstart Holdings (MEX:UPST) is currently considered Possible Value Trap. The stock's GF Value™ is MXN1,144.65, compared to a current price of MXN516.67 — trading 54.9% below its estimated fair value. The current Debt-to-Equity is 2.65, which is 65% above median its 10-year median of 1.61 and 114.6% above the Credit Services industry median of 1.24. Upstart Holdings' overall GF Score™ is 50/100 with 5 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 Upstart Holdings (MEX:UPST), the current Debt-to-Equity is 2.65 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 Upstart Holdings (MEX:UPST) Overvalued in 2026?
Based on GuruFocus' analysis, Upstart Holdings stock appears to be undervalued.
The current stock price of MXN516.67 is trading 54.9% below its estimated GF Value™ of MXN1,144.65.
GuruFocus considers Upstart Holdings to be Possible Value Trap.
Key valuation signals for MEX:UPST:
Debt-to-Equity: 2.65 (65% above median its 10-year median of 1.61)
GF Value™: MXN1,144.65 vs. price of MXN516.67 (54.9% below fair value)
Industry Position: 114.6% above the Credit Services median (#311 of 456)
No single metric tells the full story. See the MEX:UPST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The company support development of different lending product offerings, which are grouped into three operating segments - Personal Lending (unsecured personal loans and small dollar loans), Auto Lending (auto refinance, auto retail loans, and auto secured personal loans), and Other (HELOCs and other).
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