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Xcel EnergyXEL -0.81%78 Equity-to-Asset is 0.28 as of Jun. 2026, which is 4% above its 10-year median of 0.27. GuruFocus rates XEL with a GF Score™ of 78/100 and a GF Value™ of $68.70 (Fairly Valued). The stock has 8 warning signs investors should review. Among 510 Utilities - Regulated companies, Xcel Energy ranks worse than 70.39% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Xcel Energy's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $24,057 Mil. Xcel Energy's Total Assets for the quarter that ended in Jun. 2026 was $87,165 Mil.
Therefore, Xcel Energy's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.28.
The historical rank and industry rank for Xcel Energy's Equity-to-Asset or its related term are showing as below:
XEL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.27 Max: 0.29
Current: 0.28
During the past 13 years, the highest Equity to Asset Ratio of Xcel Energy was 0.29. The lowest was 0.25. And the median was 0.27.
XEL's Equity-to-Asset is ranked worse than 70.39% of 510
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs XEL: 0.28
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Xcel Energy Equity-to-Asset Related Terms
Xcel Energy Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Xcel Energy's Equity-to-Asset 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 Utilities - Regulated Electric subindustry, Xcel Energy's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Xcel Energy Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Xcel Energy's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Xcel Energy's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Xcel Energy's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 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.
Xcel Energy (XEL) has a Equity-to-Asset of 0.28 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Xcel Energy and its competitors. This is near median its historical median of 0.27. Over the past decade, Xcel Energy's Equity-to-Asset has ranged from 0.25 to 0.29. According to the industry distribution chart, Xcel Energy ranks #359 out of 510 companies in the Utilities - Regulated industry, placing it in the top 70.4%.
Is Xcel Energy's Equity-to-Asset too high?
Xcel Energy's current Equity-to-Asset of 0.28 is near median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.29. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Xcel Energy's value of 0.28 is 22.2% below this industry median. Based on the distribution chart, Xcel Energy ranks #359 out of 510 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Xcel Energy has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Xcel Energy's Equity-to-Asset compare to ETR and PCG?
According to the Utilities - Regulated industry distribution chart, Xcel Energy ranks #359 out of 510 companies for Equity-to-Asset. This places Xcel Energy in the lower half of its industry. The industry median Equity-to-Asset is 0.36. Xcel Energy's value of 0.28 is 22.2% below this benchmark. Historically, Xcel Energy's own Equity-to-Asset has ranged from 0.25 to 0.29 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.36, Xcel Energy 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 Equity-to-Asset for an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 510 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Xcel Energy's current Equity-to-Asset of 0.28 is 22.2% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Xcel Energy and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xcel Energy's current Equity-to-Asset is 0.28, which is near median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xcel Energy stock overvalued right now?
Based on GuruFocus' analysis, Xcel Energy (XEL) is currently considered Fairly Valued. The stock's GF Value™ is $68.70, compared to a current price of $75.72 — trading 10.2% above its estimated fair value. The current Equity-to-Asset is 0.28, which is near median its 10-year median of 0.27 and 22.2% below the Utilities - Regulated industry median of 0.36. Xcel Energy's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Xcel Energy (XEL), the current Equity-to-Asset is 0.28 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 Xcel Energy (XEL) Overvalued in 2026?
Based on GuruFocus' analysis, Xcel Energy stock appears to be overvalued.
The current stock price of $75.72 is trading 10.2% above its estimated GF Value™ of $68.70.
GuruFocus considers Xcel Energy to be Fairly Valued.
Key valuation signals for XEL:
Equity-to-Asset: 0.28 (near median its 10-year median of 0.27)
GF Value™: $68.70 vs. price of $75.72 (10.2% above fair value)
Industry Position: 22.2% below the Utilities - Regulated median (#359 of 510)
No single metric tells the full story. See the XEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xcel Energy manages utilities serving 3.9 million electric customers and 2.2 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy suppliers in the US, with more than half of its electricity sales coming from carbon-free energy.
78GF Score
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