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VistraMEX:VST -0.95%80 Debt-to-Equity is 3.56 as of Mar. 2026, which is 128% above its 10-year median of 1.56. GuruFocus rates MEX:VST with a GF Score™ of 80/100 and a GF Value™ of MXN2,941.79 (Fairly Valued). The stock has 6 warning signs investors should review. Among 392 Utilities - Independent Power Producers companies, Vistra ranks worse than 91.58% 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 Vistra's Debt-to-Equity or its related term are showing as below:
MEX:VST'
s Debt-to-Equity Range Over the Past 10 Years
Min: -0.14 Med: 1.56 Max: 3.94
Current: 3.56
During the past 12 years, the highest Debt-to-Equity Ratio of Vistra was 3.94. The lowest was -0.14. And the median was 1.56.
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.
Vistra Debt-to-Equity Related Terms
Vistra Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Vistra'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:VST vs NRG, TLN, CEG: Debt-to-Equity Comparison
For the Utilities - Independent Power Producers subindustry, Vistra'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.
Vistra Debt-to-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Vistra's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Vistra'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.
Vistra (MEX:VST) has a Debt-to-Equity of 3.56 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vistra and its competitors. This is 128% above median its historical median of 1.56. According to the industry distribution chart, Vistra ranks #359 out of 392 companies in the Utilities - Independent Power Producers industry, placing it in the top 91.6%.
Is Vistra's Debt-to-Equity too high?
Vistra's current Debt-to-Equity of 3.56 is 128% above median its 10-year median of 1.56. The Utilities - Independent Power Producers industry median Debt-to-Equity is 0.85. Vistra's value of 3.56 is 318.8% above this industry median. Based on the distribution chart, Vistra ranks #359 out of 392 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Vistra has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vistra's Debt-to-Equity compare to NRG and TLN?
According to the Utilities - Independent Power Producers industry distribution chart, Vistra ranks #359 out of 392 companies for Debt-to-Equity. This places Vistra in the lower half of its industry. The industry median Debt-to-Equity is 0.85. Vistra's value of 3.56 is 318.8% above this benchmark. While the company's 10-year median is 1.56 vs. the industry median of 0.85, Vistra 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 an Utilities - Independent Power Producers company?
The median Debt-to-Equity among Utilities - Independent Power Producers companies is 0.85, based on 392 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. Vistra's current Debt-to-Equity of 3.56 is 318.8% 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 Vistra and its competitors. For the Utilities - Independent Power Producers industry, the median Debt-to-Equity is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vistra's current Debt-to-Equity is 3.56, which is 128% above median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vistra stock overvalued right now?
Based on GuruFocus' analysis, Vistra (MEX:VST) is currently considered Fairly Valued. The stock's GF Value™ is MXN2,941.79, compared to a current price of MXN2,765.00 — trading 6% below its estimated fair value. The current Debt-to-Equity is 3.56, which is 128% above median its 10-year median of 1.56 and 318.8% above the Utilities - Independent Power Producers industry median of 0.85. Vistra's overall GF Score™ is 80/100 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 Vistra (MEX:VST), the current Debt-to-Equity is 3.56 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 Vistra (MEX:VST) Overvalued in 2026?
Based on GuruFocus' analysis, Vistra stock appears to be undervalued.
The current stock price of MXN2,765.00 is trading 6% below its estimated GF Value™ of MXN2,941.79.
GuruFocus considers Vistra to be Fairly Valued.
Key valuation signals for MEX:VST:
Debt-to-Equity: 3.56 (128% above median its 10-year median of 1.56)
GF Value™: MXN2,941.79 vs. price of MXN2,765.00 (6% below fair value)
Industry Position: 318.8% above the Utilities - Independent Power Producers median (#359 of 392)
No single metric tells the full story. See the MEX:VST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vistra Corp. is one of the largest power producers and retail energy providers in the US. It owns 44 gigawatts of generation capacity, including natural gas (27 GW), nuclear (6.5 GW), coal (8.7 GW), and solar and battery storage (1.3 GW). The Cogentrix acquisition will add 5.5 GW of gas generation. Vistra's retail electricity business serves 5 million customers in 20 states, including almost a third of all Texas electricity consumers. Vistra emerged from the Energy Future Holdings bankruptcy as a stand-alone entity in 2016.
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