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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.
TrueBlueTBI +3.24%63 Debt-to-Equity is 0.54 as of Jun. 2026, which is 260% above its 10-year median of 0.15. GuruFocus rates TBI with a GF Score™ of 63/100 and a GF Value™ of $7.52 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 955 Business Services companies, TrueBlue ranks worse than 61.99% 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 TrueBlue's Debt-to-Equity or its related term are showing as below:
TBI'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.15 Max: 0.81
Current: 0.54
During the past 13 years, the highest Debt-to-Equity Ratio of TrueBlue was 0.81. The lowest was 0.10. And the median was 0.15.
TBI's Debt-to-Equity is ranked worse than 61.99% of 955
companies
in the Business Services industry
Industry Median: 0.33
vs TBI: 0.54
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.
TrueBlue Debt-to-Equity Related Terms
TrueBlue Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for TrueBlue'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 Staffing & Employment Services subindustry, TrueBlue'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.
TrueBlue Debt-to-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, TrueBlue's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where TrueBlue'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.
TrueBlue (TBI) has a Debt-to-Equity of 0.54 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TrueBlue and its competitors. This is 260% above median its historical median of 0.15. Over the past decade, TrueBlue's Debt-to-Equity has ranged from 0.10 to 0.81. According to the industry distribution chart, TrueBlue ranks #592 out of 955 companies in the Business Services industry, placing it in the top 62%.
Is TrueBlue's Debt-to-Equity too high?
TrueBlue's current Debt-to-Equity of 0.54 is 260% above median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.81. The Business Services industry median Debt-to-Equity is 0.33. TrueBlue's value of 0.54 is 63.6% above this industry median. Based on the distribution chart, TrueBlue ranks #592 out of 955 companies in the Business Services industry, which is below the industry midpoint. Overall, TrueBlue has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TrueBlue's Debt-to-Equity compare to HQI and MHH?
According to the Business Services industry distribution chart, TrueBlue ranks #592 out of 955 companies for Debt-to-Equity. This places TrueBlue in the lower half of its industry. The industry median Debt-to-Equity is 0.33. TrueBlue's value of 0.54 is 63.6% above this benchmark. Historically, TrueBlue's own Debt-to-Equity has ranged from 0.10 to 0.81 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 0.33, TrueBlue 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 Business Services company?
The median Debt-to-Equity among Business Services companies is 0.33, based on 955 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. TrueBlue's current Debt-to-Equity of 0.54 is 63.6% 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 TrueBlue and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TrueBlue's current Debt-to-Equity is 0.54, which is 260% above median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TrueBlue stock overvalued right now?
Based on GuruFocus' analysis, TrueBlue (TBI) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.52, compared to a current price of $10.85 — trading 44.3% above its estimated fair value. The current Debt-to-Equity is 0.54, which is 260% above median its 10-year median of 0.15 and 63.6% above the Business Services industry median of 0.33. TrueBlue's overall GF Score™ is 63/100 with 8 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 TrueBlue (TBI), the current Debt-to-Equity is 0.54 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 TrueBlue (TBI) Overvalued in 2026?
Based on GuruFocus' analysis, TrueBlue stock appears to be overvalued.
The current stock price of $10.85 is trading 44.3% above its estimated GF Value™ of $7.52.
GuruFocus considers TrueBlue to be Significantly Overvalued.
Key valuation signals for TBI:
Debt-to-Equity: 0.54 (260% above median its 10-year median of 0.15)
GF Value™: $7.52 vs. price of $10.85 (44.3% above fair value)
Industry Position: 63.6% above the Business Services median (#592 of 955)
No single metric tells the full story. See the TBI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TrueBlue Inc is a provider of specialized workforce solutions that connect employers with talent. Its reportable segments include PeopleReady, which provides blue-collar contingent staffing and delivers on-demand and skilled labor across industries such as construction, transportation, retail, hospitality, and energy. The PeopleManagement segment offers contingent labor and outsourced industrial workforce solutions, mainly on-site at client facilities, through its OnSite and Centerline operations, focusing on workforce management and commercial driver services. PeopleSolutions delivers services focused on professional and specialized talent acquisition, as well as workforce management and compliance. The company generates the majority of its revenue from the PeopleReady segment.
63GF Score
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