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.
ANA HoldingsALNPY 82 Equity-to-Asset is 0.36 as of Jun. 2026, which is 13% above its 10-year median of 0.32. GuruFocus rates ALNPY with a GF Score™ of 82/100 and a GF Value™ of $4.09 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,014 Transportation companies, ANA Holdings ranks worse than 68.93% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ANA Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $8,692 Mil. ANA Holdings's Total Assets for the quarter that ended in Jun. 2026 was $24,403 Mil.
Therefore, ANA Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.36.
The historical rank and industry rank for ANA Holdings's Equity-to-Asset or its related term are showing as below:
ALNPY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.32 Max: 0.42
Current: 0.36
During the past 13 years, the highest Equity to Asset Ratio of ANA Holdings was 0.42. The lowest was 0.25. And the median was 0.32.
ALNPY's Equity-to-Asset is ranked worse than 68.93% of 1014
companies
in the Transportation industry
Industry Median: 0.5
vs ALNPY: 0.36
ANA Holdings (OTCPK:ALNPY) 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%.
ANA Holdings Equity-to-Asset Related Terms
ANA Holdings Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for ANA Holdings'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.
ALNPY vs DAL, UAL, LUV: Equity-to-Asset Comparison
For the Airlines subindustry, ANA Holdings'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.
ANA Holdings Equity-to-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, ANA Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where ANA Holdings'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.
ANA Holdings's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 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.
ANA Holdings (ALNPY) has a Equity-to-Asset of 0.36 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on ANA Holdings and its competitors. This is 13% above median its historical median of 0.32. Over the past decade, ANA Holdings' Equity-to-Asset has ranged from 0.25 to 0.42. According to the industry distribution chart, ANA Holdings ranks #699 out of 1014 companies in the Transportation industry, placing it in the top 68.9%.
Is ANA Holdings' Equity-to-Asset too high?
ANA Holdings' current Equity-to-Asset of 0.36 is 13% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.42. The Transportation industry median Equity-to-Asset is 0.50. ANA Holdings' value of 0.36 is 28% below this industry median. Based on the distribution chart, ANA Holdings ranks #699 out of 1014 companies in the Transportation industry, which is below the industry midpoint. Overall, ANA Holdings has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ANA Holdings' Equity-to-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, ANA Holdings ranks #699 out of 1014 companies for Equity-to-Asset. This places ANA Holdings in the lower half of its industry. The industry median Equity-to-Asset is 0.50. ANA Holdings' value of 0.36 is 28% below this benchmark. Historically, ANA Holdings' own Equity-to-Asset has ranged from 0.25 to 0.42 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.50, ANA Holdings 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 Transportation company?
The median Equity-to-Asset among Transportation companies is 0.50, based on 1,014 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. ANA Holdings's current Equity-to-Asset of 0.36 is 28% 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 ANA Holdings and its competitors. For the Transportation industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ANA Holdings's current Equity-to-Asset is 0.36, which is 13% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANA Holdings stock overvalued right now?
Based on GuruFocus' analysis, ANA Holdings (ALNPY) is currently considered Fairly Valued. The stock's GF Value™ is $4.09, compared to a current price of $3.81 — trading 6.8% below its estimated fair value. The current Equity-to-Asset is 0.36, which is 13% above median its 10-year median of 0.32 and 28% below the Transportation industry median of 0.50. ANA Holdings' overall GF Score™ is 82/100 with 2 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 ANA Holdings (ALNPY), the current Equity-to-Asset is 0.36 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 ANA Holdings (ALNPY) Overvalued in 2026?
Based on GuruFocus' analysis, ANA Holdings stock appears to be undervalued.
The current stock price of $3.81 is trading 6.8% below its estimated GF Value™ of $4.09.
GuruFocus considers ANA Holdings to be Fairly Valued.
Key valuation signals for ALNPY:
Equity-to-Asset: 0.36 (13% above median its 10-year median of 0.32)
GF Value™: $4.09 vs. price of $3.81 (6.8% below fair value)
Industry Position: 28% below the Transportation median (#699 of 1014)
No single metric tells the full story. See the ALNPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. Air Japan, which was launched to provide discount flights to Southeast Asia, will cease in 2026. Prior to covid-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.
82GF Score
Get the complete analysis for ALNPY
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
ALNPY has been successfully added to your 
