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GreenFirst Forest ProductsTSX:GFP -2.06%47 Debt-to-Equity is 1.84 as of Mar. 2026, which is 513% above its 10-year median of 0.30. GuruFocus rates TSX:GFP with a GF Score™ of 47/100 and a GF Value™ of C$2.57 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 256 Forest Products companies, GreenFirst Forest Products ranks worse than 91.41% 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 GreenFirst Forest Products's Debt-to-Equity or its related term are showing as below:
TSX:GFP'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.3 Max: 1.84
Current: 1.84
During the past 13 years, the highest Debt-to-Equity Ratio of GreenFirst Forest Products was 1.84. The lowest was 0.09. And the median was 0.30.
TSX:GFP's Debt-to-Equity is ranked worse than 91.41% of 256
companies
in the Forest Products industry
Industry Median: 0.48
vs TSX:GFP: 1.84
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.
GreenFirst Forest Products Debt-to-Equity Related Terms
GreenFirst Forest Products Debt-to-Equity Historical Data
* 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:GFP vs SSD, UFPI, BCC: Debt-to-Equity Comparison
For the Lumber & Wood Production subindustry, GreenFirst Forest Products'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.
GreenFirst Forest Products Debt-to-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, GreenFirst Forest Products's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where GreenFirst Forest Products'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.
GreenFirst Forest Products (TSX:GFP) has a Debt-to-Equity of 1.84 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on GreenFirst Forest Products and its competitors. This is 513% above median its historical median of 0.30. Over the past decade, GreenFirst Forest Products' Debt-to-Equity has ranged from 0.09 to 1.84. According to the industry distribution chart, GreenFirst Forest Products ranks #234 out of 256 companies in the Forest Products industry, placing it in the top 91.4%.
Is GreenFirst Forest Products' Debt-to-Equity too high?
GreenFirst Forest Products' current Debt-to-Equity of 1.84 is 513% above median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 1.84. The Forest Products industry median Debt-to-Equity is 0.48. GreenFirst Forest Products' value of 1.84 is 283.3% above this industry median. Based on the distribution chart, GreenFirst Forest Products ranks #234 out of 256 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, GreenFirst Forest Products has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GreenFirst Forest Products' Debt-to-Equity compare to SSD and UFPI?
According to the Forest Products industry distribution chart, GreenFirst Forest Products ranks #234 out of 256 companies for Debt-to-Equity. This places GreenFirst Forest Products in the lower half of its industry. The industry median Debt-to-Equity is 0.48. GreenFirst Forest Products' value of 1.84 is 283.3% above this benchmark. Historically, GreenFirst Forest Products' own Debt-to-Equity has ranged from 0.09 to 1.84 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.48, GreenFirst Forest Products 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 Forest Products company?
The median Debt-to-Equity among Forest Products companies is 0.48, based on 256 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. GreenFirst Forest Products's current Debt-to-Equity of 1.84 is 283.3% 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 GreenFirst Forest Products and its competitors. For the Forest Products industry, the median Debt-to-Equity is 0.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GreenFirst Forest Products's current Debt-to-Equity is 1.84, which is 513% above median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GreenFirst Forest Products stock overvalued right now?
Based on GuruFocus' analysis, GreenFirst Forest Products (TSX:GFP) is currently considered Modestly Undervalued. The stock's GF Value™ is C$2.57, compared to a current price of C$1.90 — trading 26.1% below its estimated fair value. The current Debt-to-Equity is 1.84, which is 513% above median its 10-year median of 0.30 and 283.3% above the Forest Products industry median of 0.48. GreenFirst Forest Products' overall GF Score™ is 47/100 with 7 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 GreenFirst Forest Products (TSX:GFP), the current Debt-to-Equity is 1.84 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 GreenFirst Forest Products (TSX:GFP) Overvalued in 2026?
Based on GuruFocus' analysis, GreenFirst Forest Products stock appears to be undervalued.
The current stock price of C$1.90 is trading 26.1% below its estimated GF Value™ of C$2.57.
GuruFocus considers GreenFirst Forest Products to be Modestly Undervalued.
Key valuation signals for TSX:GFP:
Debt-to-Equity: 1.84 (513% above median its 10-year median of 0.30)
GF Value™: C$2.57 vs. price of C$1.90 (26.1% below fair value)
Industry Position: 283.3% above the Forest Products median (#234 of 256)
No single metric tells the full story. See the TSX:GFP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GreenFirst Forest Products Inc operates as a forest products business consisting of four operating sawmills located in Ontario. The company manufactures and markets a range of spruce-pine-fir (SPF) lumber products for use in residential and commercial construction, with by-products from production sold to pulp producers. It operates in a single operating segment, being lumber products. The group's geographic markets are Canada and the United States, with the majority of revenue derived from the United States. The company generates almost all of its revenue from the sale of Lumber products and a small portion of its revenue from the sale of Chips, by-products, and other.
47GF Score
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