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Wells FargoWFC +1.45%73 Debt-to-Equity is 1.21 as of Mar. 2026, which is 3% above its 10-year median of 1.17. GuruFocus rates WFC with a GF Score™ of 73/100 and a GF Value™ of $76.66 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,422 Banks companies, Wells Fargo ranks worse than 70.89% 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 Wells Fargo's Debt-to-Equity or its related term are showing as below:
WFC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92 Med: 1.17 Max: 1.37
Current: 1.15
During the past 13 years, the highest Debt-to-Equity Ratio of Wells Fargo was 1.37. The lowest was 0.92. And the median was 1.17.
WFC's Debt-to-Equity is ranked worse than 70.89% of 1422
companies
in the Banks industry
Industry Median: 0.57
vs WFC: 1.15
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.
Wells Fargo Debt-to-Equity Related Terms
Wells Fargo Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Wells Fargo'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 Banks - Diversified subindustry, Wells Fargo'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.
Wells Fargo Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Wells Fargo's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Wells Fargo'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.
Wells Fargo (WFC) has a Debt-to-Equity of 1.21 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Wells Fargo and its competitors. This is near median its historical median of 1.17. Over the past decade, Wells Fargo's Debt-to-Equity has ranged from 0.92 to 1.37. According to the industry distribution chart, Wells Fargo ranks #1008 out of 1422 companies in the Banks industry, placing it in the top 70.9%.
Is Wells Fargo's Debt-to-Equity too high?
Wells Fargo's current Debt-to-Equity of 1.21 is near median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 1.37. The Banks industry median Debt-to-Equity is 0.57. Wells Fargo's value of 1.21 is 112.3% above this industry median. Based on the distribution chart, Wells Fargo ranks #1008 out of 1422 companies in the Banks industry, which is below the industry midpoint. Overall, Wells Fargo has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wells Fargo's Debt-to-Equity compare to C and BNY?
According to the Banks industry distribution chart, Wells Fargo ranks #1008 out of 1422 companies for Debt-to-Equity. This places Wells Fargo in the lower half of its industry. The industry median Debt-to-Equity is 0.57. Wells Fargo's value of 1.21 is 112.3% above this benchmark. Historically, Wells Fargo's own Debt-to-Equity has ranged from 0.92 to 1.37 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 0.57, Wells Fargo 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 Banks company?
The median Debt-to-Equity among Banks companies is 0.57, based on 1,422 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. Wells Fargo's current Debt-to-Equity of 1.21 is 112.3% 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 Wells Fargo and its competitors. For the Banks industry, the median Debt-to-Equity is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wells Fargo's current Debt-to-Equity is 1.21, which is near median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wells Fargo stock overvalued right now?
Based on GuruFocus' analysis, Wells Fargo (WFC) is currently considered Modestly Overvalued. The stock's GF Value™ is $76.66, compared to a current price of $87.56 — trading 14.2% above its estimated fair value. The current Debt-to-Equity is 1.21, which is near median its 10-year median of 1.17 and 112.3% above the Banks industry median of 0.57. Wells Fargo's overall GF Score™ is 73/100 with 2 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 Wells Fargo (WFC), the current Debt-to-Equity is 1.21 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 Wells Fargo (WFC) Overvalued in 2026?
Based on GuruFocus' analysis, Wells Fargo stock appears to be overvalued.
The current stock price of $87.56 is trading 14.2% above its estimated GF Value™ of $76.66.
GuruFocus considers Wells Fargo to be Modestly Overvalued.
Key valuation signals for WFC:
Debt-to-Equity: 1.21 (near median its 10-year median of 1.17)
GF Value™: $76.66 vs. price of $87.56 (14.2% above fair value)
Industry Position: 112.3% above the Banks median (#1008 of 1422)
No single metric tells the full story. See the WFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wells Fargo is a premier, North American-focused banking titan that commands a $2.2 trillion balance sheet and the third-highest deposit market share in the United States. The bank uses a dense, expansive network of 4,093 branches to champion retail consumers and the middle market, where the firm has built a particularly strong reputation. Following the removal of its federal asset cap in 2025, the firm is set to deploy its legacy excess liquidity to expand each of its four segments: consumer & business lending, commercial banking, corporate & investment banking, and wealth & investment management.
73GF Score
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