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.
Constellation SoftwareTSX:CSU +3.96%82 Debt-to-Equity is 1.43 as of Mar. 2026, which is 17% above its 10-year median of 1.22. GuruFocus rates TSX:CSU with a GF Score™ of 82/100 and a GF Value™ of C$5,675.50 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,245 Software companies, Constellation Software ranks worse than 90.78% 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 Constellation Software's Debt-to-Equity or its related term are showing as below:
TSX:CSU'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 1.22 Max: 2.03
Current: 1.43
During the past 13 years, the highest Debt-to-Equity Ratio of Constellation Software was 2.03. The lowest was 0.42. And the median was 1.22.
TSX:CSU's Debt-to-Equity is ranked worse than 90.78% of 2245
companies
in the Software industry
Industry Median: 0.19
vs TSX:CSU: 1.43
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.
Constellation Software Debt-to-Equity Related Terms
Constellation Software Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Constellation Software'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.
TSX:CSU vs UBER, SHOP, CRM: Debt-to-Equity Comparison
For the Software - Application subindustry, Constellation Software'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.
Constellation Software Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Constellation Software's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Constellation Software'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.
Constellation Software (TSX:CSU) has a Debt-to-Equity of 1.43 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Constellation Software and its competitors. This is 17% above median its historical median of 1.22. Over the past decade, Constellation Software's Debt-to-Equity has ranged from 0.42 to 2.03. According to the industry distribution chart, Constellation Software ranks #2038 out of 2245 companies in the Software industry, placing it in the top 90.8%.
Is Constellation Software's Debt-to-Equity too high?
Constellation Software's current Debt-to-Equity of 1.43 is 17% above median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 2.03. The Software industry median Debt-to-Equity is 0.19. Constellation Software's value of 1.43 is 652.6% above this industry median. Based on the distribution chart, Constellation Software ranks #2038 out of 2245 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Constellation Software has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Constellation Software's Debt-to-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, Constellation Software ranks #2038 out of 2245 companies for Debt-to-Equity. This places Constellation Software in the lower half of its industry. The industry median Debt-to-Equity is 0.19. Constellation Software's value of 1.43 is 652.6% above this benchmark. Historically, Constellation Software's own Debt-to-Equity has ranged from 0.42 to 2.03 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 0.19, Constellation Software 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 Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,245 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. Constellation Software's current Debt-to-Equity of 1.43 is 652.6% 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 Constellation Software and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Constellation Software's current Debt-to-Equity is 1.43, which is 17% above median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Constellation Software stock overvalued right now?
Based on GuruFocus' analysis, Constellation Software (TSX:CSU) is currently considered Significantly Undervalued. The stock's GF Value™ is C$5,675.50, compared to a current price of C$2,667.24 — trading 53% below its estimated fair value. The current Debt-to-Equity is 1.43, which is 17% above median its 10-year median of 1.22 and 652.6% above the Software industry median of 0.19. Constellation Software's overall GF Score™ is 82/100 with 4 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 Constellation Software (TSX:CSU), the current Debt-to-Equity is 1.43 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 Constellation Software (TSX:CSU) Overvalued in 2026?
Based on GuruFocus' analysis, Constellation Software stock appears to be undervalued.
The current stock price of C$2,667.24 is trading 53% below its estimated GF Value™ of C$5,675.50.
GuruFocus considers Constellation Software to be Significantly Undervalued.
Key valuation signals for TSX:CSU:
Debt-to-Equity: 1.43 (17% above median its 10-year median of 1.22)
GF Value™: C$5,675.50 vs. price of C$2,667.24 (53% below fair value)
Industry Position: 652.6% above the Software median (#2038 of 2245)
No single metric tells the full story. See the TSX:CSU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Constellation Software is an acquirer, manager, and developer of vertical market software, or VMS, businesses globally. VMS differentiates from horizontal software in that it provides mission critical solutions within a specific industry for customers in a particular market. Constellation operates through a decentralized model in which each business operates as its own independent entity. Managers of individual businesses are incentivized to optimize their business for returns on invested capital and revenue growth. Excess cash generated by the individual businesses is repatriated to portfolio managers who focus on allocating as much capital as possible on new acquisitions. As of 2026, Constellation consisted of over 1,000 individual businesses.
82GF Score
Get the complete analysis for TSX:CSU
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
TSX:CSU has been successfully added to your 
