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TeraWulfWULF -11.28%38 Debt-to-Equity is 35.56 as of Jun. 2026, which is 4133% above its 10-year median of 0.84. GuruFocus rates WULF with a GF Score™ of 38/100 and a GF Value™ of $5.42 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 610 Capital Markets companies, TeraWulf ranks worse than 99.84% 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 TeraWulf's Debt-to-Equity or its related term are showing as below:
WULF'
s Debt-to-Equity Range Over the Past 10 Years
Min: -67.46 Med: 0.84 Max: 37
Current: 35.56
During the past 5 years, the highest Debt-to-Equity Ratio of TeraWulf was 37.00. The lowest was -67.46. And the median was 0.84.
WULF's Debt-to-Equity is ranked worse than 99.84% of 610
companies
in the Capital Markets industry
Industry Median: 0.32
vs WULF: 35.56
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.
TeraWulf Debt-to-Equity Related Terms
TeraWulf Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for TeraWulf'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 Capital Markets subindustry, TeraWulf'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.
TeraWulf Debt-to-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TeraWulf's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where TeraWulf'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.
TeraWulf (WULF) has a Debt-to-Equity of 35.56 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TeraWulf and its competitors. This is 4133% above median its historical median of 0.84. According to the industry distribution chart, TeraWulf ranks #609 out of 610 companies in the Capital Markets industry, placing it in the top 99.8%.
Is TeraWulf's Debt-to-Equity too high?
TeraWulf's current Debt-to-Equity of 35.56 is 4133% above median its 10-year median of 0.84. The Capital Markets industry median Debt-to-Equity is 0.32. TeraWulf's value of 35.56 is 11012.5% above this industry median. Based on the distribution chart, TeraWulf ranks #609 out of 610 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, TeraWulf has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TeraWulf's Debt-to-Equity compare to SNEX and BMNR?
According to the Capital Markets industry distribution chart, TeraWulf ranks #609 out of 610 companies for Debt-to-Equity. This places TeraWulf in the lower half of its industry. The industry median Debt-to-Equity is 0.32. TeraWulf's value of 35.56 is 11012.5% above this benchmark. While the company's 10-year median is 0.84 vs. the industry median of 0.32, TeraWulf 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 Capital Markets company?
The median Debt-to-Equity among Capital Markets companies is 0.32, based on 610 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. TeraWulf's current Debt-to-Equity of 35.56 is 11012.5% 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 TeraWulf and its competitors. For the Capital Markets industry, the median Debt-to-Equity is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TeraWulf's current Debt-to-Equity is 35.56, which is 4133% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TeraWulf stock overvalued right now?
Based on GuruFocus' analysis, TeraWulf (WULF) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.42, compared to a current price of $15.58 — trading 187.5% above its estimated fair value. The current Debt-to-Equity is 35.56, which is 4133% above median its 10-year median of 0.84 and 11012.5% above the Capital Markets industry median of 0.32. TeraWulf's overall GF Score™ is 38/100 with 4 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 TeraWulf (WULF), the current Debt-to-Equity is 35.56 as of Jun. 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 TeraWulf (WULF) Overvalued in 2026?
Based on GuruFocus' analysis, TeraWulf stock appears to be overvalued.
The current stock price of $15.58 is trading 187.5% above its estimated GF Value™ of $5.42.
GuruFocus considers TeraWulf to be Significantly Overvalued.
Key valuation signals for WULF:
Debt-to-Equity: 35.56 (4133% above median its 10-year median of 0.84)
GF Value™: $5.42 vs. price of $15.58 (187.5% above fair value)
Industry Position: 11012.5% above the Capital Markets median (#609 of 610)
No single metric tells the full story. See the WULF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TeraWulf Inc develops and operates large-scale digital infrastructure designed for AI and high-performance computing workloads. The Company owns and operates energy infrastructure across key U.S. power markets, providing large-scale, contiguous power capacity for next-generation compute. Its strategic sites offer direct grid connectivity and, in select locations, integrated generation, creating a foundation for scalable compute infrastructure. Built on deep expertise in energy markets and grid integration, TeraWulf approaches compute infrastructure from the foundation up- securing power, developing scalable sites, and operating with disciplined execution.
38GF Score
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