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Journey EnergyTSX:JOY +3.41%63 Debt-to-Equity is 0.12 as of Jun. 2026, which is 59% below its 10-year median of 0.29. GuruFocus rates TSX:JOY with a GF Score™ of 63/100 and a GF Value™ of C$3.04 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 809 Oil & Gas companies, Journey Energy ranks better than 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 Journey Energy's Debt-to-Equity or its related term are showing as below:
TSX:JOY'
s Debt-to-Equity Range Over the Past 10 Years
Min: -4.5 Med: 0.29 Max: 3.7
Current: 0.12
During the past 13 years, the highest Debt-to-Equity Ratio of Journey Energy was 3.70. The lowest was -4.50. And the median was 0.29.
TSX:JOY's Debt-to-Equity is ranked better than 78% of 809
companies
in the Oil & Gas industry
Industry Median: 0.46
vs TSX:JOY: 0.12
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.
Journey Energy Debt-to-Equity Related Terms
Journey Energy Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Journey Energy'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:JOY vs COP, EOG, FANG: Debt-to-Equity Comparison
For the Oil & Gas E&P subindustry, Journey Energy'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.
Journey Energy Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Journey Energy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Journey Energy'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.
Journey Energy (TSX:JOY) has a Debt-to-Equity of 0.12 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Journey Energy and its competitors. This is 59% below median its historical median of 0.29. According to the industry distribution chart, Journey Energy ranks #178 out of 809 companies in the Oil & Gas industry, placing it in the top 22%.
Is Journey Energy's Debt-to-Equity too high?
Journey Energy's current Debt-to-Equity of 0.12 is 59% below median its 10-year median of 0.29. The Oil & Gas industry median Debt-to-Equity is 0.46. Journey Energy's value of 0.12 is 73.9% below this industry median. Based on the distribution chart, Journey Energy ranks #178 out of 809 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Journey Energy has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Journey Energy's Debt-to-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Journey Energy ranks #178 out of 809 companies for Debt-to-Equity. This places Journey Energy in the top 22% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.46. Journey Energy's value of 0.12 is 73.9% below this benchmark. While the company's 10-year median is 0.29 vs. the industry median of 0.46, Journey Energy has consistently been below 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 Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 809 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. Journey Energy's current Debt-to-Equity of 0.12 is 73.9% below 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 Journey Energy and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Journey Energy's current Debt-to-Equity is 0.12, which is 59% below median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Journey Energy stock overvalued right now?
Based on GuruFocus' analysis, Journey Energy (TSX:JOY) is currently considered Significantly Overvalued. The stock's GF Value™ is C$3.04, compared to a current price of C$5.15 — trading 69.4% above its estimated fair value. The current Debt-to-Equity is 0.12, which is 59% below median its 10-year median of 0.29 and 73.9% below the Oil & Gas industry median of 0.46. Journey Energy's overall GF Score™ is 63/100 with 5 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 Journey Energy (TSX:JOY), the current Debt-to-Equity is 0.12 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 Journey Energy (TSX:JOY) Overvalued in 2026?
Based on GuruFocus' analysis, Journey Energy stock appears to be overvalued.
The current stock price of C$5.15 is trading 69.4% above its estimated GF Value™ of C$3.04.
GuruFocus considers Journey Energy to be Significantly Overvalued.
Key valuation signals for TSX:JOY:
Debt-to-Equity: 0.12 (59% below median its 10-year median of 0.29)
GF Value™: C$3.04 vs. price of C$5.15 (69.4% above fair value)
Industry Position: 73.9% below the Oil & Gas median (#178 of 809)
No single metric tells the full story. See the TSX:JOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas. Journey generates revenue mainly from the sale of crude oil, condensate, natural gas, and natural gas liquids (NGLs).
63GF Score
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