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Patrick IndustriesPATK -0.69%71 Debt-to-Equity is 1.35 as of Mar. 2026, which is 9% below its 10-year median of 1.48. GuruFocus rates PATK with a GF Score™ of 71/100 and a GF Value™ of $85.94 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,217 Vehicles & Parts companies, Patrick Industries ranks worse than 84.06% 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 Patrick Industries's Debt-to-Equity or its related term are showing as below:
PATK'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 1.48 Max: 2.09
Current: 1.35
During the past 13 years, the highest Debt-to-Equity Ratio of Patrick Industries was 2.09. The lowest was 0.72. And the median was 1.48.
PATK's Debt-to-Equity is ranked worse than 84.06% of 1217
companies
in the Vehicles & Parts industry
Industry Median: 0.46
vs PATK: 1.35
Patrick Industries (NAS:PATK) Debt-to-Equity Explanation
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.
Patrick Industries Debt-to-Equity Related Terms
Patrick Industries Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Patrick Industries'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 Recreational Vehicles subindustry, Patrick Industries'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.
Patrick Industries Debt-to-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Patrick Industries's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Patrick Industries'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.
Patrick Industries (PATK) has a Debt-to-Equity of 1.35 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Patrick Industries and its competitors. This is near median its historical median of 1.48. Over the past decade, Patrick Industries' Debt-to-Equity has ranged from 0.72 to 2.09. According to the industry distribution chart, Patrick Industries ranks #1023 out of 1217 companies in the Vehicles & Parts industry, placing it in the top 84.1%.
Is Patrick Industries' Debt-to-Equity too high?
Patrick Industries' current Debt-to-Equity of 1.35 is near median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 2.09. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Patrick Industries' value of 1.35 is 193.5% above this industry median. Based on the distribution chart, Patrick Industries ranks #1023 out of 1217 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Patrick Industries has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Patrick Industries' Debt-to-Equity compare to HOG and LCII?
According to the Vehicles & Parts industry distribution chart, Patrick Industries ranks #1023 out of 1217 companies for Debt-to-Equity. This places Patrick Industries in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Patrick Industries' value of 1.35 is 193.5% above this benchmark. Historically, Patrick Industries' own Debt-to-Equity has ranged from 0.72 to 2.09 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 0.46, Patrick Industries 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 Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,217 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. Patrick Industries's current Debt-to-Equity of 1.35 is 193.5% 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 Patrick Industries and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patrick Industries's current Debt-to-Equity is 1.35, which is near median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patrick Industries stock overvalued right now?
Based on GuruFocus' analysis, Patrick Industries (PATK) is currently considered Fairly Valued. The stock's GF Value™ is $85.94, compared to a current price of $87.24 — trading 1.5% above its estimated fair value. The current Debt-to-Equity is 1.35, which is near median its 10-year median of 1.48 and 193.5% above the Vehicles & Parts industry median of 0.46. Patrick Industries' overall GF Score™ is 71/100 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 Patrick Industries (PATK), the current Debt-to-Equity is 1.35 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 Patrick Industries (PATK) Overvalued in 2026?
Based on GuruFocus' analysis, Patrick Industries stock appears to be overvalued.
The current stock price of $87.24 is trading 1.5% above its estimated GF Value™ of $85.94.
GuruFocus considers Patrick Industries to be Fairly Valued.
Key valuation signals for PATK:
Debt-to-Equity: 1.35 (near median its 10-year median of 1.48)
GF Value™: $85.94 vs. price of $87.24 (1.5% above fair value)
Industry Position: 193.5% above the Vehicles & Parts median (#1023 of 1217)
No single metric tells the full story. See the PATK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patrick Industries Inc is a component solutions provider for the recreational vehicle (RV), marine, powersports, manufactured housing (MH), and various industrial markets, including single and multi-family housing, hospitality, institutional, and commercial markets. The company operates within two reportable segments, Manufacturing and Distribution. The majority of its revenue is generated from the Manufacturing segment, which offers laminated products utilized to produce furniture, shelving, walls, and countertops; fabricated aluminum products; cabinet products, doors, components, and custom cabinetry; interior passage doors and baggage doors; RV and marine furniture, etc. Geographically, the company mainly operates in the United States, with a small presence in Mexico, China, and Canada.
71GF Score
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