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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.
AccurayARAY -0.63%44 Equity-to-Asset is 0.09 as of Mar. 2026, which is 18% below its 10-year median of 0.11. GuruFocus rates ARAY with a GF Score™ of 44/100 and a GF Value™ of $1.34 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 851 Medical Devices & Instruments companies, Accuray ranks worse than 91.07% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Accuray's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $41.7 Mil. Accuray's Total Assets for the quarter that ended in Mar. 2026 was $447.6 Mil.
Therefore, Accuray's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.09.
The historical rank and industry rank for Accuray's Equity-to-Asset or its related term are showing as below:
ARAY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09 Med: 0.11 Max: 0.17
Current: 0.09
During the past 13 years, the highest Equity to Asset Ratio of Accuray was 0.17. The lowest was 0.09. And the median was 0.11.
ARAY's Equity-to-Asset is ranked worse than 91.07% of 851
companies
in the Medical Devices & Instruments industry
Industry Median: 0.64
vs ARAY: 0.09
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%.
Accuray Equity-to-Asset Related Terms
Accuray Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Accuray'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.
ARAY vs RDGL, FOFA, PETV: Equity-to-Asset Comparison
For the Medical Devices subindustry, Accuray'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.
Accuray Equity-to-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Accuray's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Accuray'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.
Accuray's Equity to Asset Ratio for the fiscal year that ended in Jun. 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.
Accuray (ARAY) has a Equity-to-Asset of 0.09 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Accuray and its competitors. This is 18% below median its historical median of 0.11. Over the past decade, Accuray's Equity-to-Asset has ranged from 0.09 to 0.17. According to the industry distribution chart, Accuray ranks #775 out of 851 companies in the Medical Devices & Instruments industry, placing it in the top 91.1%.
Is Accuray's Equity-to-Asset too high?
Accuray's current Equity-to-Asset of 0.09 is 18% below median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.17. The Medical Devices & Instruments industry median Equity-to-Asset is 0.64. Accuray's value of 0.09 is 85.9% below this industry median. Based on the distribution chart, Accuray ranks #775 out of 851 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Accuray has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Accuray's Equity-to-Asset compare to RDGL and FOFA?
According to the Medical Devices & Instruments industry distribution chart, Accuray ranks #775 out of 851 companies for Equity-to-Asset. This places Accuray in the lower half of its industry. The industry median Equity-to-Asset is 0.64. Accuray's value of 0.09 is 85.9% below this benchmark. Historically, Accuray's own Equity-to-Asset has ranged from 0.09 to 0.17 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.64, Accuray 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 Medical Devices & Instruments company?
The median Equity-to-Asset among Medical Devices & Instruments companies is 0.64, based on 851 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. Accuray's current Equity-to-Asset of 0.09 is 85.9% 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 Accuray and its competitors. For the Medical Devices & Instruments industry, the median Equity-to-Asset is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accuray's current Equity-to-Asset is 0.09, which is 18% below median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accuray stock overvalued right now?
Based on GuruFocus' analysis, Accuray (ARAY) is currently considered Possible Value Trap. The stock's GF Value™ is $1.34, compared to a current price of $0.30 — trading 77.5% below its estimated fair value. The current Equity-to-Asset is 0.09, which is 18% below median its 10-year median of 0.11 and 85.9% below the Medical Devices & Instruments industry median of 0.64. Accuray's overall GF Score™ is 44/100 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 Accuray (ARAY), the current Equity-to-Asset is 0.09 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 Accuray (ARAY) Overvalued in 2026?
Based on GuruFocus' analysis, Accuray stock appears to be undervalued.
The current stock price of $0.30 is trading 77.5% below its estimated GF Value™ of $1.34.
GuruFocus considers Accuray to be Possible Value Trap.
Key valuation signals for ARAY:
Equity-to-Asset: 0.09 (18% below median its 10-year median of 0.11)
GF Value™: $1.34 vs. price of $0.30 (77.5% below fair value)
Industry Position: 85.9% below the Medical Devices & Instruments median (#775 of 851)
No single metric tells the full story. See the ARAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Accuray Inc is a radiation oncology company that develops, manufactures, sells and supports precise, treatment solutions which set the standard of radiation therapy care with the objective of helping patients live lives. The company's technology, The CyberKnife, is used to treat multiple types of cancer and tumors throughout the body. The CyberKnife Systems automatically track, detect and correct for a tumor and patient movement in real-time during the procedure, enabling delivery of precise, high dose radiation with sub-millimetre accuracy while patients breathe normally, without manual user intervention.
44GF Score
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