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Definity FinancialTSX:DFY +1.61%81 Debt-to-Equity is 0.38 as of Mar. 2026, which is 660% above its 10-year median of 0.05. GuruFocus rates TSX:DFY with a GF Score™ of 81/100 and a GF Value™ of C$72.50 (Fairly Valued). The stock has 6 warning signs investors should review. Among 407 Insurance companies, Definity Financial ranks worse than 71.74% 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 Definity Financial's Debt-to-Equity or its related term are showing as below:
TSX:DFY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.38
Current: 0.38
During the past 6 years, the highest Debt-to-Equity Ratio of Definity Financial was 0.38. The lowest was 0.00. And the median was 0.05.
TSX:DFY's Debt-to-Equity is ranked worse than 71.74% of 407
companies
in the Insurance industry
Industry Median: 0.2
vs TSX:DFY: 0.38
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.
Definity Financial Debt-to-Equity Related Terms
Definity Financial Debt-to-Equity Historical Data
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The historical data trend for Definity Financial'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:DFY vs CB, PGR, TRV: Debt-to-Equity Comparison
For the Insurance - Property & Casualty subindustry, Definity Financial'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.
Definity Financial Debt-to-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Definity Financial's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Definity Financial'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.
Definity Financial (TSX:DFY) has a Debt-to-Equity of 0.38 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Definity Financial and its competitors. This is 660% above median its historical median of 0.05. According to the industry distribution chart, Definity Financial ranks #292 out of 407 companies in the Insurance industry, placing it in the top 71.7%.
Is Definity Financial's Debt-to-Equity too high?
Definity Financial's current Debt-to-Equity of 0.38 is 660% above median its 10-year median of 0.05. The Insurance industry median Debt-to-Equity is 0.20. Definity Financial's value of 0.38 is 90% above this industry median. Based on the distribution chart, Definity Financial ranks #292 out of 407 companies in the Insurance industry, which is below the industry midpoint. Overall, Definity Financial has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Definity Financial's Debt-to-Equity compare to CB and PGR?
According to the Insurance industry distribution chart, Definity Financial ranks #292 out of 407 companies for Debt-to-Equity. This places Definity Financial in the lower half of its industry. The industry median Debt-to-Equity is 0.20. Definity Financial's value of 0.38 is 90% above this benchmark. While the company's 10-year median is 0.05 vs. the industry median of 0.20, Definity Financial 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 an Insurance company?
The median Debt-to-Equity among Insurance companies is 0.20, based on 407 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. Definity Financial's current Debt-to-Equity of 0.38 is 90% 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 Definity Financial and its competitors. For the Insurance industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Definity Financial's current Debt-to-Equity is 0.38, which is 660% above median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Definity Financial stock overvalued right now?
Based on GuruFocus' analysis, Definity Financial (TSX:DFY) is currently considered Fairly Valued. The stock's GF Value™ is C$72.50, compared to a current price of C$79.30 — trading 9.4% above its estimated fair value. The current Debt-to-Equity is 0.38, which is 660% above median its 10-year median of 0.05 and 90% above the Insurance industry median of 0.20. Definity Financial's overall GF Score™ is 81/100 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 Definity Financial (TSX:DFY), the current Debt-to-Equity is 0.38 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 Definity Financial (TSX:DFY) Overvalued in 2026?
Based on GuruFocus' analysis, Definity Financial stock appears to be overvalued.
The current stock price of C$79.30 is trading 9.4% above its estimated GF Value™ of C$72.50.
GuruFocus considers Definity Financial to be Fairly Valued.
Key valuation signals for TSX:DFY:
Debt-to-Equity: 0.38 (660% above median its 10-year median of 0.05)
GF Value™: C$72.50 vs. price of C$79.30 (9.4% above fair value)
Industry Position: 90% above the Insurance median (#292 of 407)
No single metric tells the full story. See the TSX:DFY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Definity Financial Corp is a property and casualty insurance services provider. It serves the insurance needs of individual, commercial, and farm customers. Its product portfolio includes Personal auto insurance, Personal home insurance, Group auto insurance, Group home insurance, Business property insurance, Business liability insurance, Commercial vehicle insurance, Surety bonds, Oilfield services insurance, General farm insurance, Premier cash crop insurance, and Winery insurance.
81GF Score
Get the complete analysis for TSX:DFY
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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