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SPIESPIIY +1.20%68 Debt-to-Equity is 1.30 as of Dec. 2025, which is 8% below its 10-year median of 1.41. GuruFocus rates SPIIY with a GF Score™ of 68/100 and a GF Value™ of $11.90 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,611 Construction companies, SPIE ranks worse than 82.68% 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 SPIE's Debt-to-Equity or its related term are showing as below:
SPIIY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.03 Med: 1.41 Max: 1.7
Current: 1.3
During the past 13 years, the highest Debt-to-Equity Ratio of SPIE was 1.70. The lowest was 1.03. And the median was 1.41.
SPIIY's Debt-to-Equity is ranked worse than 82.68% of 1611
companies
in the Construction industry
Industry Median: 0.41
vs SPIIY: 1.30
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.
SPIE Debt-to-Equity Related Terms
SPIE Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for SPIE'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, SPIE'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.
SPIE Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, SPIE's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where SPIE'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.
SPIE (SPIIY) has a Debt-to-Equity of 1.30 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SPIE and its competitors. This is near median its historical median of 1.41. Over the past decade, SPIE's Debt-to-Equity has ranged from 1.03 to 1.70. According to the industry distribution chart, SPIE ranks #1332 out of 1611 companies in the Construction industry, placing it in the top 82.7%.
Is SPIE's Debt-to-Equity too high?
SPIE's current Debt-to-Equity of 1.30 is near median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 1.70. The Construction industry median Debt-to-Equity is 0.41. SPIE's value of 1.30 is 217.1% above this industry median. Based on the distribution chart, SPIE ranks #1332 out of 1611 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, SPIE has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPIE's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, SPIE ranks #1332 out of 1611 companies for Debt-to-Equity. This places SPIE in the lower half of its industry. The industry median Debt-to-Equity is 0.41. SPIE's value of 1.30 is 217.1% above this benchmark. Historically, SPIE's own Debt-to-Equity has ranged from 1.03 to 1.70 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 0.41, SPIE 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 1,611 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. SPIE's current Debt-to-Equity of 1.30 is 217.1% 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 SPIE 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. SPIE's current Debt-to-Equity is 1.30, which is near median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPIE stock overvalued right now?
Based on GuruFocus' analysis, SPIE (SPIIY) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.90, compared to a current price of $13.54 — trading 13.7% above its estimated fair value. The current Debt-to-Equity is 1.30, which is near median its 10-year median of 1.41 and 217.1% above the Construction industry median of 0.41. SPIE's overall GF Score™ is 68/100 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 SPIE (SPIIY), the current Debt-to-Equity is 1.30 as of Dec. 2025. 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 SPIE (SPIIY) Overvalued in 2026?
Based on GuruFocus' analysis, SPIE stock appears to be overvalued.
The current stock price of $13.54 is trading 13.7% above its estimated GF Value™ of $11.90.
GuruFocus considers SPIE to be Modestly Overvalued.
Key valuation signals for SPIIY:
Debt-to-Equity: 1.30 (near median its 10-year median of 1.41)
GF Value™: $11.90 vs. price of $13.54 (13.7% above fair value)
Industry Position: 217.1% above the Construction median (#1332 of 1611)
No single metric tells the full story. See the SPIIY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPIE SA is a European provider of multi-technical services in electrical, mechanical, and HVAC engineering and communication systems as well as specialized energy-related services. It helps its customers design, build, operate and maintain facilities that are energy-efficient and environmentally friendly. The group structures its activities around operating segments: France, North-Western Europe, Germany, Central Europe, and Global Services Energy. The majority of its revenue is derived from the Germany segment. It has a geographic presence in Europe, Africa, North, America, Asia-Pacific and Middle East.
68GF Score
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