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Progressive Planet SolutionsASHXF +3.83%35 Equity-to-Asset is 0.58 as of Jan. 2026, which is 2% above its 10-year median of 0.57. GuruFocus rates ASHXF with a GF Score™ of 35/100 and a GF Value™ of $0.15 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,668 Metals & Mining companies, Progressive Planet Solutions ranks worse than 66.94% on this metric.
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%.
Progressive Planet Solutions Equity-to-Asset Related Terms
Progressive Planet Solutions 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.
For the Other Industrial Metals & Mining subindustry, Progressive Planet Solutions'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.
Progressive Planet Solutions Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Progressive Planet Solutions'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.
Progressive Planet Solutions's Equity to Asset Ratio for the fiscal year that ended in Apr. 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.
Progressive Planet Solutions (ASHXF) has a Equity-to-Asset of 0.58 as of Jan. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Progressive Planet Solutions and its competitors. This is near median its historical median of 0.57. According to the industry distribution chart, Progressive Planet Solutions ranks #1786 out of 2668 companies in the Metals & Mining industry, placing it in the top 66.9%.
Is Progressive Planet Solutions' Equity-to-Asset too high?
Progressive Planet Solutions' current Equity-to-Asset of 0.58 is near median its 10-year median of 0.57. The Metals & Mining industry median Equity-to-Asset is 0.80. Progressive Planet Solutions' value of 0.58 is 27.5% below this industry median. Based on the distribution chart, Progressive Planet Solutions ranks #1786 out of 2668 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Progressive Planet Solutions has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Progressive Planet Solutions' Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Progressive Planet Solutions ranks #1786 out of 2668 companies for Equity-to-Asset. This places Progressive Planet Solutions in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Progressive Planet Solutions' value of 0.58 is 27.5% below this benchmark. While the company's 10-year median is 0.57 vs. the industry median of 0.80, Progressive Planet Solutions 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 Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.80, based on 2,668 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. Progressive Planet Solutions's current Equity-to-Asset of 0.58 is 27.5% 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 Progressive Planet Solutions and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive Planet Solutions's current Equity-to-Asset is 0.58, which is near median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive Planet Solutions stock overvalued right now?
Based on GuruFocus' analysis, Progressive Planet Solutions (ASHXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.15, compared to a current price of $0.25 — trading 66.5% above its estimated fair value. The current Equity-to-Asset is 0.58, which is near median its 10-year median of 0.57 and 27.5% below the Metals & Mining industry median of 0.80. Progressive Planet Solutions' overall GF Score™ is 35/100 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 Progressive Planet Solutions (ASHXF), the current Equity-to-Asset is 0.58 as of Jan. 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 Progressive Planet Solutions (ASHXF) Overvalued in 2026?
Based on GuruFocus' analysis, Progressive Planet Solutions stock appears to be overvalued.
The current stock price of $0.25 is trading 66.5% above its estimated GF Value™ of $0.15.
GuruFocus considers Progressive Planet Solutions to be Significantly Overvalued.
Key valuation signals for ASHXF:
Equity-to-Asset: 0.58 (near median its 10-year median of 0.57)
GF Value™: $0.15 vs. price of $0.25 (66.5% above fair value)
Industry Position: 27.5% below the Metals & Mining median (#1786 of 2668)
No single metric tells the full story. See the ASHXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progressive Planet Solutions Inc is a manufacturer of mineral-based products derived from diatomaceous earth, zeolite, and bentonite. It owns a diatomaceous earth mine and a bentonite mine both located in Canada, and is also an operator and partial owner of a zeolite mine. Its expertise lies in developing critical low-carbon and carbon sequestering solutions. The company is also engaged in research and development activities to expand its current operations by developing products for the agricultural and supplementary cementing materials markets. Geographically, its products are sold in the United States where it generates maximum revenue, and in Canada.
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