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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.
Altria GroupMO +0.95%78 Debt-to-Equity is -9.21 as of Jun. 2026. GuruFocus rates MO with a GF Score™ of 78/100 and a GF Value™ of $57.64 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 35 Tobacco Products companies, Altria Group ranks worse than 2857140% 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 Altria Group's Debt-to-Equity or its related term are showing as below:
MO'
s Debt-to-Equity Range Over the Past 10 Years
Min: -22.2 Med: -2.01 Max: 10.38
Current: -9.21
During the past 13 years, the highest Debt-to-Equity Ratio of Altria Group was 10.38. The lowest was -22.20. And the median was -2.01.
MO's Debt-to-Equity is not ranked
in the Tobacco Products industry.
Industry Median: 0.37
vs MO: -9.21
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.
Altria Group Debt-to-Equity Related Terms
Altria Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Altria Group'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 Tobacco subindustry, Altria Group'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.
Altria Group Debt-to-Equity vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Altria Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Altria Group'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.
Altria Group (MO) has a Debt-to-Equity of -9.21 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Altria Group and its competitors. According to the industry distribution chart, Altria Group ranks #999999 out of 35 companies in the Tobacco Products industry.
Is Altria Group's Debt-to-Equity too high?
Altria Group's current Debt-to-Equity is -9.21. Based on the distribution chart, Altria Group ranks #999999 out of 35 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Altria Group has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altria Group's Debt-to-Equity compare to TPB and UVV?
According to the Tobacco Products industry distribution chart, Altria Group ranks #999999 out of 35 companies for Debt-to-Equity. This places Altria Group in the lower half of its industry. The industry median Debt-to-Equity is 0.37. 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 Tobacco Products company?
The median Debt-to-Equity among Tobacco Products companies is 0.37, based on 35 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. 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 Altria Group and its competitors. For the Tobacco Products industry, the median Debt-to-Equity is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altria Group's current Debt-to-Equity is -9.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altria Group stock overvalued right now?
Based on GuruFocus' analysis, Altria Group (MO) is currently considered Modestly Overvalued. The stock's GF Value™ is $57.64, compared to a current price of $65.70 — trading 14% above its estimated fair value. The current Debt-to-Equity is -9.21. Altria Group's overall GF Score™ is 78/100 with 2 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 Altria Group (MO), the current Debt-to-Equity is -9.21 as of Jun. 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 Altria Group (MO) Overvalued in 2026?
Based on GuruFocus' analysis, Altria Group stock appears to be overvalued.
The current stock price of $65.70 is trading 14% above its estimated GF Value™ of $57.64.
GuruFocus considers Altria Group to be Modestly Overvalued.
Key valuation signals for MO:
Debt-to-Equity: -9.21
GF Value™: $57.64 vs. price of $65.70 (14% above fair value)
No single metric tells the full story. See the MO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through its tobacco subsidiaries, Altria maintains the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the US with 40% share in 2024. Beyond its core business, it holds an 8% interest in the world's largest brewer, Anheuser-Busch InBev, and a 41% stake in cannabis manufacturer Cronos. In reduced-risk products, it acquired vaping company Njoy Holdings in 2023, operates a joint venture with Japan Tobacco in the heated tobacco category for the US, and sells the On brand in nicotine pouches.
78GF Score
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