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Altex IndustriesALTX -2.30%24 Equity-to-Asset is 0.48 as of Jun. 2026, which is 9% below its 10-year median of 0.53. GuruFocus rates ALTX with a GF Score™ of 24/100 and a GF Value™ of $0.23 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,034 Oil & Gas companies, Altex Industries ranks worse than 51.45% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Altex Industries's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $1.29 Mil. Altex Industries's Total Assets for the quarter that ended in Jun. 2026 was $2.67 Mil.
Therefore, Altex Industries's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.48.
The historical rank and industry rank for Altex Industries's Equity-to-Asset or its related term are showing as below:
ALTX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.46 Med: 0.53 Max: 0.59
Current: 0.48
During the past 13 years, the highest Equity to Asset Ratio of Altex Industries was 0.59. The lowest was 0.46. And the median was 0.53.
ALTX's Equity-to-Asset is ranked worse than 51.45% of 1034
companies
in the Oil & Gas industry
Industry Median: 0.49
vs ALTX: 0.48
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%.
Altex Industries Equity-to-Asset Related Terms
Altex Industries Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Altex Industries'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.
ALTX vs CRCE, FECOF, ROYL: Equity-to-Asset Comparison
For the Oil & Gas E&P subindustry, Altex Industries'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.
Altex Industries Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Altex Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Altex Industries'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.
Altex Industries's Equity to Asset Ratio for the fiscal year that ended in Sep. 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.
Altex Industries (ALTX) has a Equity-to-Asset of 0.48 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Altex Industries and its competitors. This is near median its historical median of 0.53. Over the past decade, Altex Industries' Equity-to-Asset has ranged from 0.46 to 0.59. According to the industry distribution chart, Altex Industries ranks #532 out of 1034 companies in the Oil & Gas industry, placing it in the top 51.5%.
Is Altex Industries' Equity-to-Asset too high?
Altex Industries' current Equity-to-Asset of 0.48 is near median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.59. The Oil & Gas industry median Equity-to-Asset is 0.49. Altex Industries' value of 0.48 is 2% below this industry median. Based on the distribution chart, Altex Industries ranks #532 out of 1034 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Altex Industries has a GF Score™ of 24/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Altex Industries' Equity-to-Asset compare to CRCE and FECOF?
According to the Oil & Gas industry distribution chart, Altex Industries ranks #532 out of 1034 companies for Equity-to-Asset. This places Altex Industries in the lower half of its industry. The industry median Equity-to-Asset is 0.49. Altex Industries' value of 0.48 is 2% below this benchmark. Historically, Altex Industries' own Equity-to-Asset has ranged from 0.46 to 0.59 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.49, Altex Industries 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 an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,034 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. Altex Industries's current Equity-to-Asset of 0.48 is 2% 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 Altex Industries and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altex Industries's current Equity-to-Asset is 0.48, which is near median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altex Industries stock overvalued right now?
Based on GuruFocus' analysis, Altex Industries (ALTX) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.23, compared to a current price of $0.17 — trading 26.1% below its estimated fair value. The current Equity-to-Asset is 0.48, which is near median its 10-year median of 0.53 and 2% below the Oil & Gas industry median of 0.49. Altex Industries' overall GF Score™ is 24/100 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 Altex Industries (ALTX), the current Equity-to-Asset is 0.48 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 Altex Industries (ALTX) Overvalued in 2026?
Based on GuruFocus' analysis, Altex Industries stock appears to be undervalued.
The current stock price of $0.17 is trading 26.1% below its estimated GF Value™ of $0.23.
GuruFocus considers Altex Industries to be Modestly Undervalued.
Key valuation signals for ALTX:
Equity-to-Asset: 0.48 (near median its 10-year median of 0.53)
GF Value™: $0.23 vs. price of $0.17 (26.1% below fair value)
Industry Position: 2% below the Oil & Gas median (#532 of 1034)
No single metric tells the full story. See the ALTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altex Industries Inc. is a USA-based holding company. Through its wholly-owned subsidiary, it owns interests in productive onshore oil and gas properties, has bought and sold producing oil and gas properties, and has participated in the drilling of exploratory and development wells, and the completion of existing wells in Utah and Wyoming. The Company's revenue is from sales of oil and gas production, interest income, and, occasionally, bonus payments for mineral leases.
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