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MA Financial GroupASX:MAF -0.79%70 Debt-to-Equity is 19.11 as of Dec. 2025, which is 1562% above its 10-year median of 1.15. GuruFocus rates ASX:MAF with a GF Score™ of 70/100 and a GF Value™ of A$7.69 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 961 Asset Management companies, MA Financial Group ranks worse than 99.48% 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 MA Financial Group's Debt-to-Equity or its related term are showing as below:
ASX:MAF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 1.15 Max: 19.11
Current: 19.11
During the past 9 years, the highest Debt-to-Equity Ratio of MA Financial Group was 19.11. The lowest was 0.15. And the median was 1.15.
ASX:MAF's Debt-to-Equity is ranked worse than 99.48% of 961
companies
in the Asset Management industry
Industry Median: 0.21
vs ASX:MAF: 19.11
MA Financial Group (ASX:MAF) 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.
MA Financial Group Debt-to-Equity Related Terms
MA Financial Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for MA Financial Group'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.
ASX:MAF vs BLK, BX, KKR: Debt-to-Equity Comparison
For the Asset Management subindustry, MA Financial Group'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.
MA Financial Group Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, MA Financial Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where MA Financial Group'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.
MA Financial Group (ASX:MAF) has a Debt-to-Equity of 19.11 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on MA Financial Group and its competitors. This is 1562% above median its historical median of 1.15. Over the past decade, MA Financial Group's Debt-to-Equity has ranged from 0.15 to 19.11. According to the industry distribution chart, MA Financial Group ranks #956 out of 961 companies in the Asset Management industry, placing it in the top 99.5%.
Is MA Financial Group's Debt-to-Equity too high?
MA Financial Group's current Debt-to-Equity of 19.11 is 1562% above median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 19.11. The Asset Management industry median Debt-to-Equity is 0.21. MA Financial Group's value of 19.11 is 9000% above this industry median. Based on the distribution chart, MA Financial Group ranks #956 out of 961 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, MA Financial Group has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MA Financial Group's Debt-to-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, MA Financial Group ranks #956 out of 961 companies for Debt-to-Equity. This places MA Financial Group in the lower half of its industry. The industry median Debt-to-Equity is 0.21. MA Financial Group's value of 19.11 is 9000% above this benchmark. Historically, MA Financial Group's own Debt-to-Equity has ranged from 0.15 to 19.11 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 0.21, MA Financial Group 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 Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 961 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. MA Financial Group's current Debt-to-Equity of 19.11 is 9000% 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 MA Financial Group and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MA Financial Group's current Debt-to-Equity is 19.11, which is 1562% above median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MA Financial Group stock overvalued right now?
Based on GuruFocus' analysis, MA Financial Group (ASX:MAF) is currently considered Modestly Undervalued. The stock's GF Value™ is A$7.69, compared to a current price of A$6.27 — trading 18.5% below its estimated fair value. The current Debt-to-Equity is 19.11, which is 1562% above median its 10-year median of 1.15 and 9000% above the Asset Management industry median of 0.21. MA Financial Group's overall GF Score™ is 70/100 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 MA Financial Group (ASX:MAF), the current Debt-to-Equity is 19.11 as of Dec. 2025. 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 MA Financial Group (ASX:MAF) Overvalued in 2026?
Based on GuruFocus' analysis, MA Financial Group stock appears to be undervalued.
The current stock price of A$6.27 is trading 18.5% below its estimated GF Value™ of A$7.69.
GuruFocus considers MA Financial Group to be Modestly Undervalued.
Key valuation signals for ASX:MAF:
Debt-to-Equity: 19.11 (1562% above median its 10-year median of 1.15)
GF Value™: A$7.69 vs. price of A$6.27 (18.5% below fair value)
Industry Position: 9000% above the Asset Management median (#956 of 961)
No single metric tells the full story. See the ASX:MAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MA Financial Group Ltd is a financial services company. The Group is organised into the following business segments: Asset Management, Lending & Technology and Corporate Advisory & Equities (CA&E). It generates maximum revenue from the Asset Management segment. The Asset Management segment incorporates the provision of asset management services and principal co-investment and strategic investments. The Lending & Technology segment includes the provision of Lending Platforms for loan funding, residential mortgages and Financial Technology. The Corporate Advisory and Equities segment provides corporate advice, underwriting and institutional stockbroking services. The Group mainly operates in Australia.
70GF Score
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