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Superior PlusTSX:SPB 76 Debt-to-Equity is 1.93 as of Mar. 2026, which is 14% above its 10-year median of 1.70. GuruFocus rates TSX:SPB with a GF Score™ of 76/100 and a GF Value™ of C$8.22 (Fairly Valued). The stock has 12 warning signs investors should review. Among 472 Utilities - Regulated companies, Superior Plus ranks worse than 83.9% 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 Superior Plus's Debt-to-Equity or its related term are showing as below:
TSX:SPB'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51 Med: 1.7 Max: 2.31
Current: 1.93
During the past 13 years, the highest Debt-to-Equity Ratio of Superior Plus was 2.31. The lowest was 0.51. And the median was 1.70.
TSX:SPB's Debt-to-Equity is ranked worse than 83.9% of 472
companies
in the Utilities - Regulated industry
Industry Median: 0.975
vs TSX:SPB: 1.93
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.
Superior Plus Debt-to-Equity Related Terms
Superior Plus Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Superior Plus'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:SPB vs ATO, NI, UGI: Debt-to-Equity Comparison
For the Utilities - Regulated Gas subindustry, Superior Plus'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.
Superior Plus Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Superior Plus's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Superior Plus'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.
Superior Plus (TSX:SPB) has a Debt-to-Equity of 1.93 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Superior Plus and its competitors. This is 14% above median its historical median of 1.70. Over the past decade, Superior Plus' Debt-to-Equity has ranged from 0.51 to 2.31. According to the industry distribution chart, Superior Plus ranks #396 out of 472 companies in the Utilities - Regulated industry, placing it in the top 83.9%.
Is Superior Plus' Debt-to-Equity too high?
Superior Plus' current Debt-to-Equity of 1.93 is 14% above median its 10-year median of 1.70. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 2.31. The Utilities - Regulated industry median Debt-to-Equity is 0.98. Superior Plus' value of 1.93 is 97.9% above this industry median. Based on the distribution chart, Superior Plus ranks #396 out of 472 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Superior Plus has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Superior Plus' Debt-to-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Superior Plus ranks #396 out of 472 companies for Debt-to-Equity. This places Superior Plus in the lower half of its industry. The industry median Debt-to-Equity is 0.98. Superior Plus' value of 1.93 is 97.9% above this benchmark. Historically, Superior Plus' own Debt-to-Equity has ranged from 0.51 to 2.31 over the past decade. While the company's 10-year median is 1.70 vs. the industry median of 0.98, Superior Plus 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 Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.98, based on 472 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. Superior Plus's current Debt-to-Equity of 1.93 is 97.9% 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 Superior Plus and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Superior Plus's current Debt-to-Equity is 1.93, which is 14% above median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Superior Plus stock overvalued right now?
Based on GuruFocus' analysis, Superior Plus (TSX:SPB) is currently considered Fairly Valued. The stock's GF Value™ is C$8.22, compared to a current price of C$8.07 — trading 1.8% below its estimated fair value. The current Debt-to-Equity is 1.93, which is 14% above median its 10-year median of 1.70 and 97.9% above the Utilities - Regulated industry median of 0.98. Superior Plus' overall GF Score™ is 76/100 with 12 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 Superior Plus (TSX:SPB), the current Debt-to-Equity is 1.93 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 Superior Plus (TSX:SPB) Overvalued in 2026?
Based on GuruFocus' analysis, Superior Plus stock appears to be undervalued.
The current stock price of C$8.07 is trading 1.8% below its estimated GF Value™ of C$8.22.
GuruFocus considers Superior Plus to be Fairly Valued.
Key valuation signals for TSX:SPB:
Debt-to-Equity: 1.93 (14% above median its 10-year median of 1.70)
GF Value™: C$8.22 vs. price of C$8.07 (1.8% below fair value)
Industry Position: 97.9% above the Utilities - Regulated median (#396 of 472)
No single metric tells the full story. See the TSX:SPB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Superior Plus Corp is a Canadian-based company that distributes energy and specialty chemicals. The company is organized into three business segments: U.S. Propane Distribution, Canadian Propane Distribution and Compressed natural gas distribution (CNG)out of which the majority is from the U.S. Propane segment. The products & services offered by the company include wholesale procurement, distribution, related services for propane and other refined fuels, and supply of chemicals required by industries. The U.S. Propane segment distributes propane gas & liquid fuels along the Eastern U.S. & into the Midwest and California.
76GF Score
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