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US Physical TherapyUSPH -1.34%86 Debt-to-Equity is 0.77 as of Mar. 2026, which is 45% above its 10-year median of 0.53. GuruFocus rates USPH with a GF Score™ of 86/100 and a GF Value™ of $108.41 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 557 Healthcare Providers & Services companies, US Physical Therapy ranks worse than 66.79% 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 US Physical Therapy's Debt-to-Equity or its related term are showing as below:
USPH'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.53 Max: 0.94
Current: 0.77
During the past 13 years, the highest Debt-to-Equity Ratio of US Physical Therapy was 0.94. The lowest was 0.18. And the median was 0.53.
USPH's Debt-to-Equity is ranked worse than 66.79% of 557
companies
in the Healthcare Providers & Services industry
Industry Median: 0.41
vs USPH: 0.77
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.
US Physical Therapy Debt-to-Equity Related Terms
US Physical Therapy Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for US Physical Therapy'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.
USPH vs NUTX, AMN, PNTG: Debt-to-Equity Comparison
For the Medical Care Facilities subindustry, US Physical Therapy'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.
US Physical Therapy Debt-to-Equity vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, US Physical Therapy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where US Physical Therapy'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.
US Physical Therapy (USPH) has a Debt-to-Equity of 0.77 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on US Physical Therapy and its competitors. This is 45% above median its historical median of 0.53. Over the past decade, US Physical Therapy's Debt-to-Equity has ranged from 0.18 to 0.94. According to the industry distribution chart, US Physical Therapy ranks #372 out of 557 companies in the Healthcare Providers & Services industry, placing it in the top 66.8%.
Is US Physical Therapy's Debt-to-Equity too high?
US Physical Therapy's current Debt-to-Equity of 0.77 is 45% above median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.94. The Healthcare Providers & Services industry median Debt-to-Equity is 0.41. US Physical Therapy's value of 0.77 is 87.8% above this industry median. Based on the distribution chart, US Physical Therapy ranks #372 out of 557 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, US Physical Therapy has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does US Physical Therapy's Debt-to-Equity compare to NUTX and AMN?
According to the Healthcare Providers & Services industry distribution chart, US Physical Therapy ranks #372 out of 557 companies for Debt-to-Equity. This places US Physical Therapy in the lower half of its industry. The industry median Debt-to-Equity is 0.41. US Physical Therapy's value of 0.77 is 87.8% above this benchmark. Historically, US Physical Therapy's own Debt-to-Equity has ranged from 0.18 to 0.94 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.41, US Physical Therapy 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 Healthcare Providers & Services company?
The median Debt-to-Equity among Healthcare Providers & Services companies is 0.41, based on 557 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. US Physical Therapy's current Debt-to-Equity of 0.77 is 87.8% 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 US Physical Therapy and its competitors. For the Healthcare Providers & Services industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. US Physical Therapy's current Debt-to-Equity is 0.77, which is 45% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is US Physical Therapy stock overvalued right now?
Based on GuruFocus' analysis, US Physical Therapy (USPH) is currently considered Modestly Undervalued. The stock's GF Value™ is $108.41, compared to a current price of $79.06 — trading 27.1% below its estimated fair value. The current Debt-to-Equity is 0.77, which is 45% above median its 10-year median of 0.53 and 87.8% above the Healthcare Providers & Services industry median of 0.41. US Physical Therapy's overall GF Score™ is 86/100 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 US Physical Therapy (USPH), the current Debt-to-Equity is 0.77 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 US Physical Therapy (USPH) Overvalued in 2026?
Based on GuruFocus' analysis, US Physical Therapy stock appears to be undervalued.
The current stock price of $79.06 is trading 27.1% below its estimated GF Value™ of $108.41.
GuruFocus considers US Physical Therapy to be Modestly Undervalued.
Key valuation signals for USPH:
Debt-to-Equity: 0.77 (45% above median its 10-year median of 0.53)
GF Value™: $108.41 vs. price of $79.06 (27.1% below fair value)
Industry Position: 87.8% above the Healthcare Providers & Services median (#372 of 557)
No single metric tells the full story. See the USPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
US Physical Therapy Inc through its subsidiaries operate outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. The principal payment sources for the clinics' services are managed care programs, commercial health insurance, Medicare/Medicaid, workers' compensation insurance, and proceeds from personal injury cases. Its operating segment includes Physical therapy operations and Industrial injury prevention services. The company generates maximum revenue from the Physical therapy operations segment.
86GF Score
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