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Workhorse GroupWKHS -0.97%33 Debt-to-Equity is 1.64 as of Mar. 2026, which is 1162% above its 10-year median of 0.13. GuruFocus rates WKHS with a GF Score™ of 33/100 and a GF Value™ of $11.48 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,219 Vehicles & Parts companies, Workhorse Group ranks worse than 88.43% 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 Workhorse Group's Debt-to-Equity or its related term are showing as below:
WKHS'
s Debt-to-Equity Range Over the Past 10 Years
Min: -10.11 Med: 0.13 Max: 2.4
Current: 1.64
During the past 13 years, the highest Debt-to-Equity Ratio of Workhorse Group was 2.40. The lowest was -10.11. And the median was 0.13.
WKHS's Debt-to-Equity is ranked worse than 88.43% of 1219
companies
in the Vehicles & Parts industry
Industry Median: 0.46
vs WKHS: 1.64
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.
Workhorse Group Debt-to-Equity Related Terms
Workhorse Group Debt-to-Equity Historical Data
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The historical data trend for Workhorse Group'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.
WKHS vs FABC, FFAI, AIEV: Debt-to-Equity Comparison
For the Auto Manufacturers subindustry, Workhorse Group'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.
Workhorse Group Debt-to-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Workhorse Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Workhorse Group'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.
Workhorse Group (WKHS) has a Debt-to-Equity of 1.64 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Workhorse Group and its competitors. This is 1162% above median its historical median of 0.13. According to the industry distribution chart, Workhorse Group ranks #1078 out of 1219 companies in the Vehicles & Parts industry, placing it in the top 88.4%.
Is Workhorse Group's Debt-to-Equity too high?
Workhorse Group's current Debt-to-Equity of 1.64 is 1162% above median its 10-year median of 0.13. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Workhorse Group's value of 1.64 is 256.5% above this industry median. Based on the distribution chart, Workhorse Group ranks #1078 out of 1219 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Workhorse Group has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Workhorse Group's Debt-to-Equity compare to FABC and FFAI?
According to the Vehicles & Parts industry distribution chart, Workhorse Group ranks #1078 out of 1219 companies for Debt-to-Equity. This places Workhorse Group in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Workhorse Group's value of 1.64 is 256.5% above this benchmark. While the company's 10-year median is 0.13 vs. the industry median of 0.46, Workhorse Group 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 Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,219 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. Workhorse Group's current Debt-to-Equity of 1.64 is 256.5% 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 Workhorse Group and its competitors. For the Vehicles & Parts 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. Workhorse Group's current Debt-to-Equity is 1.64, which is 1162% above median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Workhorse Group stock overvalued right now?
Based on GuruFocus' analysis, Workhorse Group (WKHS) is currently considered Possible Value Trap. The stock's GF Value™ is $11.48, compared to a current price of $3.06 — trading 73.3% below its estimated fair value. The current Debt-to-Equity is 1.64, which is 1162% above median its 10-year median of 0.13 and 256.5% above the Vehicles & Parts industry median of 0.46. Workhorse Group's overall GF Score™ is 33/100 with 8 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 Workhorse Group (WKHS), the current Debt-to-Equity is 1.64 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 Workhorse Group (WKHS) Overvalued in 2026?
Based on GuruFocus' analysis, Workhorse Group stock appears to be undervalued.
The current stock price of $3.06 is trading 73.3% below its estimated GF Value™ of $11.48.
GuruFocus considers Workhorse Group to be Possible Value Trap.
Key valuation signals for WKHS:
Debt-to-Equity: 1.64 (1162% above median its 10-year median of 0.13)
GF Value™: $11.48 vs. price of $3.06 (73.3% below fair value)
Industry Position: 256.5% above the Vehicles & Parts median (#1078 of 1219)
No single metric tells the full story. See the WKHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Workhorse Group Inc is a technology company with a vision to pioneer the transition to zero-emission commercial vehicles. Its focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. It designs and manufactures all-electric vehicles, including the technology that optimizes the way these vehicles operate. It's focused on a core competency of bringing electric delivery vehicle platforms to serve the last-mile delivery market. Its products are marketed under the Workhorse brand.
33GF Score
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