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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.
Delek US HoldingsDK -0.39%48 WACC % is 9.15% as of Aug. 08, 2026, which is 2% above its 10-year median of 8.98. GuruFocus rates DK with a GF Score™ of 48/100 and a GF Value™ of $22.00 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,043 Oil & Gas companies, Delek US Holdings ranks better than 76.32% on this metric.
As of today (2026-08-08), Delek US Holdings's weighted average cost of capital is 9.15%%. Delek US Holdings's ROIC % is 9.90% (calculated using TTM income statement data).
Delek US Holdings generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
For a comprehensive WACC calculation, please access the WACC Calculator.
Because it costs money to raise capital. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Delek US Holdings's weighted average cost of capital is 9.15%%. Delek US Holdings's ROIC % is 9.90% (calculated using TTM income statement data).
Delek US Holdings generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together.
For companies that report quarterly, GuruFocus combines all of the most recent year's quarterly debt data from the beginning of the year to the year-end and calculates the average.
For companies that report semi-annually, GuruFocus combines all of the most recent year's semi-annual debt data from the start of the year to the year-end and calculates the average.
For companies that report annually, GuruFocus combines the beginning and ending annual debt data from the most recent year and then calculates the average.
2. The WACC formula discussed above does not include Preferred Stock. Please adjust if preferred stock is considered.
3. (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
4. GuruFocus uses the latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
Related Terms
Delek US Holdings WACC % Historical Data
* Premium members only.
The historical data trend for Delek US Holdings's WACC % 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 Oil & Gas Refining & Marketing subindustry, Delek US Holdings's WACC %, along with its competitors' market caps and WACC % 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.
Delek US Holdings WACC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Delek US Holdings's WACC % distribution charts can be found below:
* The bar in red indicates where Delek US Holdings's WACC % falls into.
The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm's cost of capital. Generally speaking, a company's assets are financed by debt and equity. WACC is the average of the costs of these sources of financing, each of which is weighted by its respective use in the given situation. By taking a weighted average, we can see how much interest the company has to pay for every dollar it finances.
WACC
=
E
/
(E + D)
*
Cost of Equity
+
D
/
(E + D)
*
Cost of Debt
*
(1 - Tax Rate)
1. Weights:
Generally speaking, a company's assets are financed by debt and equity. We need to calculate the weight of equity and the weight of debt.
The market value of equity (E) is also called "Market Cap". As of today, Delek US Holdings's market capitalization (E) is $3579.633 Mil.
The market value of debt is typically difficult to calculate, therefore, GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding the latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Jun. 2026, Delek US Holdings's latest one-year quarterly average Book Value of Debt (D) is $3251.1 Mil.
a) weight of equity = E / (E + D) = 3579.633 / (3579.633 + 3251.1) = 0.524
b) weight of debt = D / (E + D) = 3251.1 / (3579.633 + 3251.1) = 0.476
2. Cost of Equity:
GuruFocus uses Capital Asset Pricing Model (CAPM) to calculate the required rate of return. The formula is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
a) GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate. It is updated daily. The current risk-free rate is 4.649%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default.
b) Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. Delek US Holdings's beta is 0.6100.
c) (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
Cost of Equity = 4.649% + 0.6100 * 6% = 8.309%
3. Cost of Debt:
GuruFocus uses latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
As of Jun. 2026, Delek US Holdings's interest expense (positive number) was $359.9 Mil. Its total Book Value of Debt (D) is $3251.1 Mil.
Cost of Debt = 359.9 / 3251.1 = 11.0701%.
4. Multiply by one minus TTM Tax Rate:
GuruFocus uses the most recent TTM Tax Expense divided by the most recent TTM Pre-Tax Income to calculate the tax rate. The calculated TTM tax rate is limited to between 0% and 100%. If the calculated tax rate is higher than 100%, it is set to 100%. If the calculated tax rate is less than 0%, it is set to 0%.
The latest calculated TTM Tax Rate = 27.7 / 310.3 = 8.93%.
Delek US Holdings's Weighted Average Cost Of Capital (WACC) for Today is calculated as:
WACC
=
E / (E + D)
*
Cost of Equity
+
D / (E + D)
*
Cost of Debt
*
(1 - Tax Rate)
=
0.524
*
8.309%
+
0.476
*
11.0701%
*
(1 - 8.93%)
=
9.15%
* 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.
Delek US Holdings (DK) has a WACC % of 9.15% as of Aug. 08, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Delek US Holdings and its competitors. This is near median its historical median of 8.98. Over the past decade, Delek US Holdings' WACC % has ranged from 7.07 to 12.10. According to the industry distribution chart, Delek US Holdings ranks #247 out of 1043 companies in the Oil & Gas industry, placing it in the top 23.7%.
Is Delek US Holdings' WACC % too high?
Delek US Holdings' current WACC % of 9.15% is near median its 10-year median of 8.98. Over the past 10 years, this metric has ranged from a low of 7.07 to a high of 12.10. The Oil & Gas industry median WACC % is 7.29. Delek US Holdings' value of 9.15% is 25.5% above this industry median. Based on the distribution chart, Delek US Holdings ranks #247 out of 1043 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Delek US Holdings has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delek US Holdings' WACC % compare to PARR and CVI?
According to the Oil & Gas industry distribution chart, Delek US Holdings ranks #247 out of 1043 companies for WACC %. This places Delek US Holdings in the top 24% of its industry — outperforming the majority of peers. The industry median WACC % is 7.29. Delek US Holdings' value of 9.15% is 25.5% above this benchmark. Historically, Delek US Holdings' own WACC % has ranged from 7.07 to 12.10 over the past decade. While the company's 10-year median is 8.98 vs. the industry median of 7.29, Delek US Holdings 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 WACC % for an Oil & Gas company?
The median WACC % among Oil & Gas companies is 7.29, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a WACC % significantly above this median, while those in the bottom quartile fall well below. However, WACC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delek US Holdings's current WACC % of 9.15% is 25.5% 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 WACC % mean?
A high WACC % can signal that a stock is expensive relative to its fundamentals. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Delek US Holdings and its competitors. For the Oil & Gas industry, the median WACC % is 7.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delek US Holdings's current WACC % is 9.15%, which is near median its own 10-year median of 8.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delek US Holdings stock overvalued right now?
Based on GuruFocus' analysis, Delek US Holdings (DK) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.00, compared to a current price of $58.46 — trading 165.7% above its estimated fair value. The current WACC % is 9.15%, which is near median its 10-year median of 8.98 and 25.5% above the Oil & Gas industry median of 7.29. Delek US Holdings' overall GF Score™ is 48/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is WACC % calculated?
WACC % is calculated from a company's financial statements. For Delek US Holdings (DK), the current WACC % is 9.15% as of Aug. 08, 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 Delek US Holdings (DK) Overvalued in 2026?
Based on GuruFocus' analysis, Delek US Holdings stock appears to be overvalued.
The current stock price of $58.46 is trading 165.7% above its estimated GF Value™ of $22.00.
GuruFocus considers Delek US Holdings to be Significantly Overvalued.
Key valuation signals for DK:
WACC %: 9.15% (near median its 10-year median of 8.98)
GF Value™: $22.00 vs. price of $58.46 (165.7% above fair value)
Industry Position: 25.5% above the Oil & Gas median (#247 of 1043)
No single metric tells the full story. See the DK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Delek US Holdings Inc is an integrated energy business focused on petroleum refining, transportation and storage; wholesale crude oil, intermediate, and refined products, and convenience stores retailing. The company owns and operates independent refineries that produce a variety of petroleum products for transportation and industrial markets in the United States. It has three segments: Refining segment and Logistics segment and retail segment. The logistics segment generates revenue through gathering, transporting, and storing crude oil and intermediate products, as well as by marketing, storing, and distributing refined products. The company also offers a collection of retail fuel and convenience stores operating in the Southeast region of the United States.
48GF Score
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