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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.
Array Digital InfrastructureAD -0.43%64 Equity-to-Asset is 0.47 as of Mar. 2026, which is 2% below its 10-year median of 0.48. GuruFocus rates AD with a GF Score™ of 64/100 and a GF Value™ of $63.05 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 367 Telecommunication Services companies, Array Digital Infrastructure ranks better than 62.13% on this metric.
The historical rank and industry rank for Array Digital Infrastructure's Equity-to-Asset or its related term are showing as below:
AD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.48 Max: 0.56
Current: 0.47
During the past 13 years, the highest Equity to Asset Ratio of Array Digital Infrastructure was 0.56. The lowest was 0.41. And the median was 0.48.
AD's Equity-to-Asset is ranked better than 62.13% of 367
companies
in the Telecommunication Services industry
Industry Median: 0.4
vs AD: 0.47
Array Digital Infrastructure (NYSE:AD) Equity-to-Asset Explanation
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%.
Array Digital Infrastructure Equity-to-Asset Related Terms
Array Digital Infrastructure Equity-to-Asset Historical Data
* 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.
Array Digital Infrastructure Equity-to-Asset Chart
AD vs KYIV, LBTYA, TDS: Equity-to-Asset Comparison
For the Telecom Services subindustry, Array Digital Infrastructure'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.
Array Digital Infrastructure Equity-to-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Array Digital Infrastructure's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Array Digital Infrastructure's Equity-to-Asset falls into.
Array Digital Infrastructure Equity-to-Asset Calculation
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.
Array Digital Infrastructure'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.
Array Digital Infrastructure (AD) has a Equity-to-Asset of 0.47 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Array Digital Infrastructure and its competitors. This is near median its historical median of 0.48. Over the past decade, Array Digital Infrastructure's Equity-to-Asset has ranged from 0.41 to 0.56. According to the industry distribution chart, Array Digital Infrastructure ranks #139 out of 367 companies in the Telecommunication Services industry, placing it in the top 37.9%.
Is Array Digital Infrastructure's Equity-to-Asset too high?
Array Digital Infrastructure's current Equity-to-Asset of 0.47 is near median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.56. The Telecommunication Services industry median Equity-to-Asset is 0.40. Array Digital Infrastructure's value of 0.47 is 17.5% above this industry median. Based on the distribution chart, Array Digital Infrastructure ranks #139 out of 367 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Array Digital Infrastructure has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Array Digital Infrastructure's Equity-to-Asset compare to KYIV and LBTYA?
According to the Telecommunication Services industry distribution chart, Array Digital Infrastructure ranks #139 out of 367 companies for Equity-to-Asset. This puts Array Digital Infrastructure in the upper half of its industry. The industry median Equity-to-Asset is 0.40. Array Digital Infrastructure's value of 0.47 is 17.5% above this benchmark. Historically, Array Digital Infrastructure's own Equity-to-Asset has ranged from 0.41 to 0.56 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.40, Array Digital Infrastructure 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 Equity-to-Asset for a Telecommunication Services company?
The median Equity-to-Asset among Telecommunication Services companies is 0.40, based on 367 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. Array Digital Infrastructure's current Equity-to-Asset of 0.47 is 17.5% 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 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 Array Digital Infrastructure and its competitors. For the Telecommunication Services industry, the median Equity-to-Asset is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Array Digital Infrastructure's current Equity-to-Asset is 0.47, which is near median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array Digital Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Array Digital Infrastructure (AD) is currently considered Possible Value Trap. The stock's GF Value™ is $63.05, compared to a current price of $34.98 — trading 44.5% below its estimated fair value. The current Equity-to-Asset is 0.47, which is near median its 10-year median of 0.48 and 17.5% above the Telecommunication Services industry median of 0.40. Array Digital Infrastructure's overall GF Score™ is 64/100 with 6 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 Array Digital Infrastructure (AD), the current Equity-to-Asset is 0.47 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 Array Digital Infrastructure (AD) Overvalued in 2026?
Based on GuruFocus' analysis, Array Digital Infrastructure stock appears to be undervalued.
The current stock price of $34.98 is trading 44.5% below its estimated GF Value™ of $63.05.
GuruFocus considers Array Digital Infrastructure to be Possible Value Trap.
Key valuation signals for AD:
Equity-to-Asset: 0.47 (near median its 10-year median of 0.48)
GF Value™: $63.05 vs. price of $34.98 (44.5% below fair value)
Industry Position: 17.5% above the Telecommunication Services median (#139 of 367)
No single metric tells the full story. See the AD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Array Digital Infrastructure, formerly US Cellular, sold its regional wireless operations serving about 4.4 million customers to T-Mobile in August 2025. The firm has agreed to sell most of its remaining spectrum licenses; however, it will still retain rights to C-band spectrum in several locations after these deals are closed. Array also owns a 5.5% stake in Verizon Wireless' Los Angeles operations, as well as other smaller wireless partnership interests in Oklahoma and upstate New York. The firm still operates a portfolio of about 4,400 wireless towers. Parent TDS has proposed to acquire the portion of Array that it doesn't already own in an all-stock transaction.
64GF Score
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