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Quanta ServicesPWR +1.43%89 Debt-to-Equity is 0.69 as of Jun. 2026, which is 21% above its 10-year median of 0.57. GuruFocus rates PWR with a GF Score™ of 89/100 and a GF Value™ of $406.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,609 Construction companies, Quanta Services ranks worse than 66.38% 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 Quanta Services's Debt-to-Equity or its related term are showing as below:
PWR'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.57 Max: 0.81
Current: 0.69
During the past 13 years, the highest Debt-to-Equity Ratio of Quanta Services was 0.81. The lowest was 0.11. And the median was 0.57.
PWR's Debt-to-Equity is ranked worse than 66.38% of 1609
companies
in the Construction industry
Industry Median: 0.41
vs PWR: 0.69
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.
Quanta Services Debt-to-Equity Related Terms
Quanta Services Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Quanta Services'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 Engineering & Construction subindustry, Quanta Services'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.
Quanta Services Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, Quanta Services's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Quanta Services'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.
Quanta Services (PWR) has a Debt-to-Equity of 0.69 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Quanta Services and its competitors. This is 21% above median its historical median of 0.57. Over the past decade, Quanta Services' Debt-to-Equity has ranged from 0.11 to 0.81. According to the industry distribution chart, Quanta Services ranks #1068 out of 1609 companies in the Construction industry, placing it in the top 66.4%.
Is Quanta Services' Debt-to-Equity too high?
Quanta Services' current Debt-to-Equity of 0.69 is 21% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.81. The Construction industry median Debt-to-Equity is 0.41. Quanta Services' value of 0.69 is 68.3% above this industry median. Based on the distribution chart, Quanta Services ranks #1068 out of 1609 companies in the Construction industry, which is below the industry midpoint. Overall, Quanta Services has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quanta Services' Debt-to-Equity compare to FIX and EME?
According to the Construction industry distribution chart, Quanta Services ranks #1068 out of 1609 companies for Debt-to-Equity. This places Quanta Services in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Quanta Services' value of 0.69 is 68.3% above this benchmark. Historically, Quanta Services' own Debt-to-Equity has ranged from 0.11 to 0.81 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.41, Quanta Services 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 Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,609 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. Quanta Services's current Debt-to-Equity of 0.69 is 68.3% 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 Quanta Services and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quanta Services's current Debt-to-Equity is 0.69, which is 21% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quanta Services stock overvalued right now?
Based on GuruFocus' analysis, Quanta Services (PWR) is currently considered Significantly Overvalued. The stock's GF Value™ is $406.06, compared to a current price of $667.36 — trading 64.4% above its estimated fair value. The current Debt-to-Equity is 0.69, which is 21% above median its 10-year median of 0.57 and 68.3% above the Construction industry median of 0.41. Quanta Services' overall GF Score™ is 89/100 with 3 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 Quanta Services (PWR), the current Debt-to-Equity is 0.69 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 Quanta Services (PWR) Overvalued in 2026?
Based on GuruFocus' analysis, Quanta Services stock appears to be overvalued.
The current stock price of $667.36 is trading 64.4% above its estimated GF Value™ of $406.06.
GuruFocus considers Quanta Services to be Significantly Overvalued.
Key valuation signals for PWR:
Debt-to-Equity: 0.69 (21% above median its 10-year median of 0.57)
GF Value™: $406.06 vs. price of $667.36 (64.4% above fair value)
Industry Position: 68.3% above the Construction median (#1068 of 1609)
No single metric tells the full story. See the PWR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under two segments: electric and underground utility and infrastructure.
89GF Score
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