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George WestonTSX:WN +0.73%81 Debt-to-Equity is 4.11 as of Mar. 2026, which is 45% above its 10-year median of 2.83. GuruFocus rates TSX:WN with a GF Score™ of 81/100 and a GF Value™ of C$84.07 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 282 Retail - Defensive companies, George Weston ranks worse than 95.04% 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 George Weston's Debt-to-Equity or its related term are showing as below:
TSX:WN'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.67 Med: 2.83 Max: 4.11
Current: 4.11
During the past 13 years, the highest Debt-to-Equity Ratio of George Weston was 4.11. The lowest was 1.67. And the median was 2.83.
TSX:WN's Debt-to-Equity is ranked worse than 95.04% of 282
companies
in the Retail - Defensive industry
Industry Median: 0.55
vs TSX:WN: 4.11
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.
George Weston Debt-to-Equity Related Terms
George Weston Debt-to-Equity Historical Data
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The historical data trend for George Weston'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.
For the Grocery Stores subindustry, George Weston'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.
George Weston Debt-to-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, George Weston's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where George Weston'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.
George Weston (TSX:WN) has a Debt-to-Equity of 4.11 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on George Weston and its competitors. This is 45% above median its historical median of 2.83. Over the past decade, George Weston's Debt-to-Equity has ranged from 1.67 to 4.11. According to the industry distribution chart, George Weston ranks #268 out of 282 companies in the Retail - Defensive industry, placing it in the top 95%.
Is George Weston's Debt-to-Equity too high?
George Weston's current Debt-to-Equity of 4.11 is 45% above median its 10-year median of 2.83. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 4.11. The Retail - Defensive industry median Debt-to-Equity is 0.55. George Weston's value of 4.11 is 647.3% above this industry median. Based on the distribution chart, George Weston ranks #268 out of 282 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, George Weston has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does George Weston's Debt-to-Equity compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, George Weston ranks #268 out of 282 companies for Debt-to-Equity. This places George Weston in the lower half of its industry. The industry median Debt-to-Equity is 0.55. George Weston's value of 4.11 is 647.3% above this benchmark. Historically, George Weston's own Debt-to-Equity has ranged from 1.67 to 4.11 over the past decade. While the company's 10-year median is 2.83 vs. the industry median of 0.55, George Weston 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 Retail - Defensive company?
The median Debt-to-Equity among Retail - Defensive companies is 0.55, based on 282 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. George Weston's current Debt-to-Equity of 4.11 is 647.3% 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 George Weston and its competitors. For the Retail - Defensive industry, the median Debt-to-Equity is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. George Weston's current Debt-to-Equity is 4.11, which is 45% above median its own 10-year median of 2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is George Weston stock overvalued right now?
Based on GuruFocus' analysis, George Weston (TSX:WN) is currently considered Modestly Overvalued. The stock's GF Value™ is C$84.07, compared to a current price of C$103.87 — trading 23.6% above its estimated fair value. The current Debt-to-Equity is 4.11, which is 45% above median its 10-year median of 2.83 and 647.3% above the Retail - Defensive industry median of 0.55. George Weston'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 George Weston (TSX:WN), the current Debt-to-Equity is 4.11 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 George Weston (TSX:WN) Overvalued in 2026?
Based on GuruFocus' analysis, George Weston stock appears to be overvalued.
The current stock price of C$103.87 is trading 23.6% above its estimated GF Value™ of C$84.07.
GuruFocus considers George Weston to be Modestly Overvalued.
Key valuation signals for TSX:WN:
Debt-to-Equity: 4.11 (45% above median its 10-year median of 2.83)
GF Value™: C$84.07 vs. price of C$103.87 (23.6% above fair value)
Industry Position: 647.3% above the Retail - Defensive median (#268 of 282)
No single metric tells the full story. See the TSX:WN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
George Weston is a holding company that controls majority stakes in retailer Loblaw and in Choice Properties, a real estate investment trust. Loblaw boasts the largest retail footprint across Canada with 2,500 food retail and pharmacy stores under banners such as Loblaw, No-Frills, Maxi, and Shoppers Drug Mart. Meanwhile, open-ended Choice Properties REIT owns and manages over 700 commercial and residential properties in Canada, generating roughly 60% of its gross rental revenue from its largest tenant Loblaw. Previously, George Weston sold its wholly owned bakery Weston Foods in 2022. The firm is controlled by the Weston family, which owns a 60% stake.
81GF Score
Get the complete analysis for TSX:WN
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