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.
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.
OPAL FuelsOPAL -3.96%71 Debt-to-Equity is 54.41 as of Mar. 2026. GuruFocus rates OPAL with a GF Score™ of 71/100 and a GF Value™ of $4.01 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 474 Utilities - Regulated companies, OPAL Fuels ranks worse than 99.79% 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 OPAL Fuels's Debt-to-Equity or its related term are showing as below:
OPAL'
s Debt-to-Equity Range Over the Past 10 Years
Min: -27.23 Med: -0.21 Max: 16364.5
Current: 54.41
During the past 7 years, the highest Debt-to-Equity Ratio of OPAL Fuels was 16364.50. The lowest was -27.23. And the median was -0.21.
OPAL's Debt-to-Equity is ranked worse than 99.79% of 474
companies
in the Utilities - Regulated industry
Industry Median: 0.975
vs OPAL: 54.41
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.
OPAL Fuels Debt-to-Equity Related Terms
OPAL Fuels Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for OPAL Fuels'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 Utilities - Regulated Gas subindustry, OPAL Fuels'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.
OPAL Fuels Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, OPAL Fuels's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where OPAL Fuels'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.
OPAL Fuels (OPAL) has a Debt-to-Equity of 54.41 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on OPAL Fuels and its competitors. According to the industry distribution chart, OPAL Fuels ranks #473 out of 474 companies in the Utilities - Regulated industry, placing it in the top 99.8%.
Is OPAL Fuels' Debt-to-Equity too high?
OPAL Fuels' current Debt-to-Equity is 54.41. The Utilities - Regulated industry median Debt-to-Equity is 0.98. OPAL Fuels' value of 54.41 is 5480.5% above this industry median. Based on the distribution chart, OPAL Fuels ranks #473 out of 474 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, OPAL Fuels has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does OPAL Fuels' Debt-to-Equity compare to RGCO and ATO?
According to the Utilities - Regulated industry distribution chart, OPAL Fuels ranks #473 out of 474 companies for Debt-to-Equity. This places OPAL Fuels in the lower half of its industry. The industry median Debt-to-Equity is 0.98. OPAL Fuels' value of 54.41 is 5480.5% 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 Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.98, based on 474 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. OPAL Fuels's current Debt-to-Equity of 54.41 is 5480.5% 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 OPAL Fuels and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OPAL Fuels's current Debt-to-Equity is 54.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OPAL Fuels stock overvalued right now?
Based on GuruFocus' analysis, OPAL Fuels (OPAL) is currently considered Possible Value Trap. The stock's GF Value™ is $4.01, compared to a current price of $2.43 — trading 39.4% below its estimated fair value. The current Debt-to-Equity is 54.41 and 5480.5% above the Utilities - Regulated industry median of 0.98. OPAL Fuels' overall GF Score™ is 71/100 with 10 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 OPAL Fuels (OPAL), the current Debt-to-Equity is 54.41 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 OPAL Fuels (OPAL) Overvalued in 2026?
Based on GuruFocus' analysis, OPAL Fuels stock appears to be undervalued.
The current stock price of $2.43 is trading 39.4% below its estimated GF Value™ of $4.01.
GuruFocus considers OPAL Fuels to be Possible Value Trap.
Key valuation signals for OPAL:
Debt-to-Equity: 54.41
GF Value™: $4.01 vs. price of $2.43 (39.4% below fair value)
Industry Position: 5480.5% above the Utilities - Regulated median (#473 of 474)
No single metric tells the full story. See the OPAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OPAL Fuels Inc is a fully integrated leader in the capture and conversion of biogas into low-carbon-intensity renewable natural gas and Renewable Power. The company is also engaged in the marketing and distribution of RNG to heavy-duty trucking and other hard-to-decarbonize industrial sectors. The company designs, develops, constructs, operates, and services Fueling Stations for trucking fleets across the country that use natural gas to displace diesel as their transportation fuel. The company derives revenue from the sale of Renewable Power, design, development, construction, and service of Fueling Stations, and sales of RNG produced by OPAL and third parties as pipeline-quality natural gas. The Company has three operating segments: RNG Fuel, Fuel Station Services, and Renewable Power.
71GF Score
Get the complete analysis for OPAL
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OPAL has been successfully added to your 
