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Zions Bancorp NAZION -3.95%66 Debt-to-Equity is 0.27 as of Mar. 2026, which is 93% above its 10-year median of 0.14. GuruFocus rates ZION with a GF Score™ of 66/100 and a GF Value™ of $54.22 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,417 Banks companies, Zions Bancorp NA ranks better than 70.08% 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 Zions Bancorp NA's Debt-to-Equity or its related term are showing as below:
ZION'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.14 Max: 1.58
Current: 0.27
During the past 13 years, the highest Debt-to-Equity Ratio of Zions Bancorp NA was 1.58. The lowest was 0.05. And the median was 0.14.
ZION's Debt-to-Equity is ranked better than 70.08% of 1417
companies
in the Banks industry
Industry Median: 0.57
vs ZION: 0.27
Zions Bancorp NA (NAS:ZION) Debt-to-Equity Explanation
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.
Zions Bancorp NA Debt-to-Equity Related Terms
Zions Bancorp NA Debt-to-Equity Historical Data
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The historical data trend for Zions Bancorp NA'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 - Regional subindustry, Zions Bancorp NA'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.
Zions Bancorp NA Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Zions Bancorp NA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Zions Bancorp NA'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.
Zions Bancorp NA (ZION) has a Debt-to-Equity of 0.27 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Zions Bancorp NA and its competitors. This is 93% above median its historical median of 0.14. Over the past decade, Zions Bancorp NA's Debt-to-Equity has ranged from 0.05 to 1.58. According to the industry distribution chart, Zions Bancorp NA ranks #424 out of 1417 companies in the Banks industry, placing it in the top 29.9%.
Is Zions Bancorp NA's Debt-to-Equity too high?
Zions Bancorp NA's current Debt-to-Equity of 0.27 is 93% above median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 1.58. The Banks industry median Debt-to-Equity is 0.57. Zions Bancorp NA's value of 0.27 is 52.6% below this industry median. Based on the distribution chart, Zions Bancorp NA ranks #424 out of 1417 companies in the Banks industry, which is above the industry midpoint. Overall, Zions Bancorp NA has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zions Bancorp NA's Debt-to-Equity compare to ONB and SSB?
According to the Banks industry distribution chart, Zions Bancorp NA ranks #424 out of 1417 companies for Debt-to-Equity. This puts Zions Bancorp NA in the upper half of its industry. The industry median Debt-to-Equity is 0.57. Zions Bancorp NA's value of 0.27 is 52.6% below this benchmark. Historically, Zions Bancorp NA's own Debt-to-Equity has ranged from 0.05 to 1.58 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 0.57, Zions Bancorp NA 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 Banks company?
The median Debt-to-Equity among Banks companies is 0.57, based on 1,417 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. Zions Bancorp NA's current Debt-to-Equity of 0.27 is 52.6% 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 Zions Bancorp NA 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. Zions Bancorp NA's current Debt-to-Equity is 0.27, which is 93% above median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zions Bancorp NA stock overvalued right now?
Based on GuruFocus' analysis, Zions Bancorp NA (ZION) is currently considered Modestly Overvalued. The stock's GF Value™ is $54.22, compared to a current price of $69.06 — trading 27.4% above its estimated fair value. The current Debt-to-Equity is 0.27, which is 93% above median its 10-year median of 0.14 and 52.6% below the Banks industry median of 0.57. Zions Bancorp NA's overall GF Score™ is 66/100 with 6 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 Zions Bancorp NA (ZION), the current Debt-to-Equity is 0.27 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 Zions Bancorp NA (ZION) Overvalued in 2026?
Based on GuruFocus' analysis, Zions Bancorp NA stock appears to be overvalued.
The current stock price of $69.06 is trading 27.4% above its estimated GF Value™ of $54.22.
GuruFocus considers Zions Bancorp NA to be Modestly Overvalued.
Key valuation signals for ZION:
Debt-to-Equity: 0.27 (93% above median its 10-year median of 0.14)
GF Value™: $54.22 vs. price of $69.06 (27.4% above fair value)
Industry Position: 52.6% below the Banks median (#424 of 1417)
No single metric tells the full story. See the ZION stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zions Bancorp is a US regional bank with around $90 billion in total assets as of March 31, 2026. Headquartered in Salt Lake City, Utah, Zions' branch network is in the Western and Southwestern United States and includes seven affiliate banks in these markets. The bank has a heavy focus on small and midsize commercial banking.
66GF Score
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