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ElecnorXMAD:ENO -0.15%68 Debt-to-Equity is 0.37 as of Jun. 2026, which is 76% below its 10-year median of 1.53. GuruFocus rates XMAD:ENO with a GF Score™ of 68/100 and a GF Value™ of €23.85 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,614 Construction companies, Elecnor ranks better than 53.16% 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 Elecnor's Debt-to-Equity or its related term are showing as below:
XMAD:ENO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 1.53 Max: 3.46
Current: 0.37
During the past 13 years, the highest Debt-to-Equity Ratio of Elecnor was 3.46. The lowest was 0.21. And the median was 1.53.
XMAD:ENO's Debt-to-Equity is ranked better than 53.16% of 1614
companies
in the Construction industry
Industry Median: 0.4
vs XMAD:ENO: 0.37
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.
Elecnor Debt-to-Equity Related Terms
Elecnor Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Elecnor'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.
XMAD:ENO vs PWR, FIX, EME: Debt-to-Equity Comparison
For the Engineering & Construction subindustry, Elecnor'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.
Elecnor Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, Elecnor's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Elecnor'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.
Elecnor (XMAD:ENO) has a Debt-to-Equity of 0.37 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Elecnor and its competitors. This is 76% below median its historical median of 1.53. Over the past decade, Elecnor's Debt-to-Equity has ranged from 0.21 to 3.46. According to the industry distribution chart, Elecnor ranks #756 out of 1614 companies in the Construction industry, placing it in the top 46.8%.
Is Elecnor's Debt-to-Equity too high?
Elecnor's current Debt-to-Equity of 0.37 is 76% below median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 3.46. The Construction industry median Debt-to-Equity is 0.40. Elecnor's value of 0.37 is 7.5% below this industry median. Based on the distribution chart, Elecnor ranks #756 out of 1614 companies in the Construction industry, which is above the industry midpoint. Overall, Elecnor has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elecnor's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Elecnor ranks #756 out of 1614 companies for Debt-to-Equity. This puts Elecnor in the upper half of its industry. The industry median Debt-to-Equity is 0.40. Elecnor's value of 0.37 is 7.5% below this benchmark. Historically, Elecnor's own Debt-to-Equity has ranged from 0.21 to 3.46 over the past decade. While the company's 10-year median is 1.53 vs. the industry median of 0.40, Elecnor has consistently been below 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 Construction company?
The median Debt-to-Equity among Construction companies is 0.40, based on 1,614 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. Elecnor's current Debt-to-Equity of 0.37 is 7.5% below 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 Elecnor and its competitors. For the Construction industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elecnor's current Debt-to-Equity is 0.37, which is 76% below median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elecnor stock overvalued right now?
Based on GuruFocus' analysis, Elecnor (XMAD:ENO) is currently considered Significantly Overvalued. The stock's GF Value™ is €23.85, compared to a current price of €32.70 — trading 37.1% above its estimated fair value. The current Debt-to-Equity is 0.37, which is 76% below median its 10-year median of 1.53 and 7.5% below the Construction industry median of 0.40. Elecnor's overall GF Score™ is 68/100 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 Elecnor (XMAD:ENO), the current Debt-to-Equity is 0.37 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 Elecnor (XMAD:ENO) Overvalued in 2026?
Based on GuruFocus' analysis, Elecnor stock appears to be overvalued.
The current stock price of €32.70 is trading 37.1% above its estimated GF Value™ of €23.85.
GuruFocus considers Elecnor to be Significantly Overvalued.
Key valuation signals for XMAD:ENO:
Debt-to-Equity: 0.37 (76% below median its 10-year median of 1.53)
GF Value™: €23.85 vs. price of €32.70 (37.1% above fair value)
Industry Position: 7.5% below the Construction median (#756 of 1614)
No single metric tells the full story. See the XMAD:ENO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elecnor SA is a Spanish engineering and construction company. The company organizes itself into two segments: Services and Projects business, and Concessions business. It generates the vast majority of revenue from the Services and Projects business segment. It generates electricity, operates power lines and substations, provides gas pipeline services, provides services for railways, develops telecommunications infrastructure, and constructs and maintains other infrastructure projects. The company derives majority of its revenue Internationally.
68GF Score
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