ZWS (Zurn Elkay Water Solutions) Debt-to-Equity: 0.34 (As of Mar. 2026) — 60% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ZWS Zurn Elkay Water Solutions Corp ZWS
88 GF Score
Price $47.68
GF Value $40.51
Valuation Modestly Overvalued
View Full Analysis

What is Zurn Elkay Water Solutions Debt-to-Equity?

Zurn Elkay Water Solutions ZWS +0.87% 88 Debt-to-Equity is 0.34 as of Mar. 2026, which is 60% below its 10-year median of 0.86. GuruFocus rates ZWS with a GF Score™ of 88/100 and a GF Value™ of $40.51 (Modestly Overvalued). Among 2,682 Industrial Products companies, Zurn Elkay Water Solutions ranks worse than 55.56% on this metric.

Zurn Elkay Water Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $17 Mil. Zurn Elkay Water Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $536 Mil. Zurn Elkay Water Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $1,607 Mil. Zurn Elkay Water Solutions's debt to equity for the quarter that ended in Mar. 2026 was 0.34.

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 Zurn Elkay Water Solutions's Debt-to-Equity or its related term are showing as below:

ZWS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34   Med: 0.86   Max: 4.39
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Zurn Elkay Water Solutions was 4.39. The lowest was 0.34. And the median was 0.86.

ZWS's Debt-to-Equity is ranked worse than
55.56% of 2682 companies
in the Industrial Products industry
Industry Median: 0.28 vs ZWS: 0.34

Zurn Elkay Water Solutions  (NYSE:ZWS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Zurn Elkay Water Solutions Debt-to-Equity Related Terms


Zurn Elkay Water Solutions Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Zurn Elkay Water Solutions'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.

Zurn Elkay Water Solutions Debt-to-Equity Chart

Zurn Elkay Water Solutions Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.39 0.36 0.34 0.35 0.35

Zurn Elkay Water Solutions Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.36 0.35 0.35 0.34

ZWS vs CECO, PCT, ERII: Debt-to-Equity Comparison

For the Pollution & Treatment Controls subindustry, Zurn Elkay Water Solutions'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.


Zurn Elkay Water Solutions Debt-to-Equity vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zurn Elkay Water Solutions's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Zurn Elkay Water Solutions's Debt-to-Equity falls into.


ZWS
88GF Score
Zurn Elkay Water Solutions Corp ZWS
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zurn Elkay Water Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zurn Elkay Water Solutions's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Zurn Elkay Water Solutions's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.34 mean?
Zurn Elkay Water Solutions (ZWS) has a Debt-to-Equity of 0.34 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Zurn Elkay Water Solutions and its competitors. This is 60% below median its historical median of 0.86. Over the past decade, Zurn Elkay Water Solutions' Debt-to-Equity has ranged from 0.34 to 4.39. According to the industry distribution chart, Zurn Elkay Water Solutions ranks #1490 out of 2682 companies in the Industrial Products industry, placing it in the top 55.6%.
Is Zurn Elkay Water Solutions' Debt-to-Equity too high?
Zurn Elkay Water Solutions' current Debt-to-Equity of 0.34 is 60% below median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 4.39. The Industrial Products industry median Debt-to-Equity is 0.28. Zurn Elkay Water Solutions' value of 0.34 is 21.4% above this industry median. Based on the distribution chart, Zurn Elkay Water Solutions ranks #1490 out of 2682 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Zurn Elkay Water Solutions has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zurn Elkay Water Solutions' Debt-to-Equity compare to CECO and PCT?
According to the Industrial Products industry distribution chart, Zurn Elkay Water Solutions ranks #1490 out of 2682 companies for Debt-to-Equity. This places Zurn Elkay Water Solutions in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Zurn Elkay Water Solutions' value of 0.34 is 21.4% above this benchmark. Historically, Zurn Elkay Water Solutions' own Debt-to-Equity has ranged from 0.34 to 4.39 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 0.28, Zurn Elkay Water Solutions 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 an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,682 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. Zurn Elkay Water Solutions's current Debt-to-Equity of 0.34 is 21.4% 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 Zurn Elkay Water Solutions and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zurn Elkay Water Solutions's current Debt-to-Equity is 0.34, which is 60% below median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zurn Elkay Water Solutions stock overvalued right now?
Based on GuruFocus' analysis, Zurn Elkay Water Solutions (ZWS) is currently considered Modestly Overvalued. The stock's GF Value™ is $40.51, compared to a current price of $47.68 — trading 17.7% above its estimated fair value. The current Debt-to-Equity is 0.34, which is 60% below median its 10-year median of 0.86 and 21.4% above the Industrial Products industry median of 0.28. Zurn Elkay Water Solutions' overall GF Score™ is 88/100. 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 Zurn Elkay Water Solutions (ZWS), the current Debt-to-Equity is 0.34 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 Zurn Elkay Water Solutions (ZWS) Overvalued in 2026?

Based on GuruFocus' analysis, Zurn Elkay Water Solutions stock appears to be overvalued. The current stock price of $47.68 is trading 17.7% above its estimated GF Value™ of $40.51. GuruFocus considers Zurn Elkay Water Solutions to be Modestly Overvalued.

Key valuation signals for ZWS:

  • Debt-to-Equity: 0.34 (60% below median its 10-year median of 0.86)
  • GF Value™: $40.51 vs. price of $47.68 (17.7% above fair value)
  • GF Score™: 88/100
  • Industry Position: 21.4% above the Industrial Products median (#1490 of 2682)

No single metric tells the full story. See the ZWS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zurn Elkay Water Solutions Business Description

Address 511 West Freshwater Way, Milwaukee, WI, USA, 53204
Zurn Elkay Water Solutions Corp is a growth-oriented, pure-play water management business that designs, procures, manufactures, and markets the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety and the environment. Its product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products, and filtered drinking water products for public and private spaces that deliver superior value to building owners, positively impact the environment and human hygiene and reduce product installation time.
88GF Score

Get the complete analysis for ZWS

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$47.68
Price
$40.51
GF Value