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.
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.
Applied EnergeticsAERG -2.94%31 Equity-to-Asset is 0.54 as of Jun. 2026, which is 315% above its 10-year median of 0.13. GuruFocus rates AERG with a GF Score™ of 31/100 and a GF Value™ of $0.32 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,499 Hardware companies, Applied Energetics ranks worse than 53.82% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Applied Energetics's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $2.19 Mil. Applied Energetics's Total Assets for the quarter that ended in Jun. 2026 was $4.07 Mil.
Therefore, Applied Energetics's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.54.
The historical rank and industry rank for Applied Energetics's Equity-to-Asset or its related term are showing as below:
AERG'
s Equity-to-Asset Range Over the Past 10 Years
Min: -348 Med: 0.13 Max: 0.83
Current: 0.54
During the past 13 years, the highest Equity to Asset Ratio of Applied Energetics was 0.83. The lowest was -348.00. And the median was 0.13.
AERG's Equity-to-Asset is ranked worse than 53.82% of 2499
companies
in the Hardware industry
Industry Median: 0.56
vs AERG: 0.54
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%.
Applied Energetics Equity-to-Asset Related Terms
Applied Energetics Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Applied Energetics'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.
AERG vs USBC, WRAP, MVIS: Equity-to-Asset Comparison
For the Scientific & Technical Instruments subindustry, Applied Energetics'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.
Applied Energetics Equity-to-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Applied Energetics's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Applied Energetics'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.
Applied Energetics'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.
Applied Energetics (AERG) has a Equity-to-Asset of 0.54 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Applied Energetics and its competitors. This is 315% above median its historical median of 0.13. According to the industry distribution chart, Applied Energetics ranks #1345 out of 2499 companies in the Hardware industry, placing it in the top 53.8%.
Is Applied Energetics' Equity-to-Asset too high?
Applied Energetics' current Equity-to-Asset of 0.54 is 315% above median its 10-year median of 0.13. The Hardware industry median Equity-to-Asset is 0.56. Applied Energetics' value of 0.54 is 3.6% below this industry median. Based on the distribution chart, Applied Energetics ranks #1345 out of 2499 companies in the Hardware industry, which is below the industry midpoint. Overall, Applied Energetics has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Energetics' Equity-to-Asset compare to USBC and WRAP?
According to the Hardware industry distribution chart, Applied Energetics ranks #1345 out of 2499 companies for Equity-to-Asset. This places Applied Energetics in the lower half of its industry. The industry median Equity-to-Asset is 0.56. Applied Energetics' value of 0.54 is 3.6% below this benchmark. While the company's 10-year median is 0.13 vs. the industry median of 0.56, Applied Energetics 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 a Hardware company?
The median Equity-to-Asset among Hardware companies is 0.56, based on 2,499 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. Applied Energetics's current Equity-to-Asset of 0.54 is 3.6% 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 Applied Energetics and its competitors. For the Hardware industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Energetics's current Equity-to-Asset is 0.54, which is 315% above median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Energetics stock overvalued right now?
Based on GuruFocus' analysis, Applied Energetics (AERG) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.32, compared to a current price of $1.16 — trading 260.9% above its estimated fair value. The current Equity-to-Asset is 0.54, which is 315% above median its 10-year median of 0.13 and 3.6% below the Hardware industry median of 0.56. Applied Energetics' overall GF Score™ is 31/100 with 4 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 Applied Energetics (AERG), the current Equity-to-Asset is 0.54 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 Applied Energetics (AERG) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Energetics stock appears to be overvalued.
The current stock price of $1.16 is trading 260.9% above its estimated GF Value™ of $0.32.
GuruFocus considers Applied Energetics to be Significantly Overvalued.
Key valuation signals for AERG:
Equity-to-Asset: 0.54 (315% above median its 10-year median of 0.13)
GF Value™: $0.32 vs. price of $1.16 (260.9% above fair value)
Industry Position: 3.6% below the Hardware median (#1345 of 2499)
No single metric tells the full story. See the AERG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Energetics Inc specializes in laser and photonics systems, particularly fiber-based ultrashort pulse (USP) laser technologies. Its powerful, dual-use systems are designed for integration and deployment on numerous potential defense platforms for the delivery of high-intensity, ultrashort pulses of light to disable or destroy a target or disrupt a mission. These technologies have applications in both national security and commercial markets. The company operates as one operating segment with a focus on the development and manufacture of high-performance lasers and optical systems, and integrated guided energy systems, for prospective defense, national security, industrial, biomedical, and scientific customers across the world.
31GF Score
Get the complete analysis for AERG
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AERG has been successfully added to your 
