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Academy Sports and OutdoorsASO -2.70%77 Equity-to-Asset is 0.39 as of Apr. 2026, which is 8% above its 10-year median of 0.36. GuruFocus rates ASO with a GF Score™ of 77/100 and a GF Value™ of $59.78 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,136 Retail - Cyclical companies, Academy Sports and Outdoors ranks worse than 57.66% on this metric.
The historical rank and industry rank for Academy Sports and Outdoors's Equity-to-Asset or its related term are showing as below:
ASO'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2 Med: 0.36 Max: 0.42
Current: 0.39
During the past 9 years, the highest Equity to Asset Ratio of Academy Sports and Outdoors was 0.42. The lowest was 0.20. And the median was 0.36.
ASO's Equity-to-Asset is ranked worse than 57.66% of 1136
companies
in the Retail - Cyclical industry
Industry Median: 0.44
vs ASO: 0.39
Academy Sports and Outdoors (NAS:ASO) 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%.
Academy Sports and Outdoors Equity-to-Asset Related Terms
Academy Sports and Outdoors 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 Specialty Retail subindustry, Academy Sports and Outdoors'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.
Academy Sports and Outdoors Equity-to-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Academy Sports and Outdoors's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Academy Sports and Outdoors's Equity-to-Asset falls into.
Academy Sports and Outdoors Equity-to-Asset Calculation
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.
Academy Sports and Outdoors's Equity to Asset Ratio for the fiscal year that ended in Jan. 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.
Academy Sports and Outdoors (ASO) has a Equity-to-Asset of 0.39 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Academy Sports and Outdoors and its competitors. This is near median its historical median of 0.36. Over the past decade, Academy Sports and Outdoors' Equity-to-Asset has ranged from 0.20 to 0.42. According to the industry distribution chart, Academy Sports and Outdoors ranks #655 out of 1136 companies in the Retail - Cyclical industry, placing it in the top 57.7%.
Is Academy Sports and Outdoors' Equity-to-Asset too high?
Academy Sports and Outdoors' current Equity-to-Asset of 0.39 is near median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.42. The Retail - Cyclical industry median Equity-to-Asset is 0.44. Academy Sports and Outdoors' value of 0.39 is 11.4% below this industry median. Based on the distribution chart, Academy Sports and Outdoors ranks #655 out of 1136 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Academy Sports and Outdoors has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Academy Sports and Outdoors' Equity-to-Asset compare to RH and MNSO?
According to the Retail - Cyclical industry distribution chart, Academy Sports and Outdoors ranks #655 out of 1136 companies for Equity-to-Asset. This places Academy Sports and Outdoors in the lower half of its industry. The industry median Equity-to-Asset is 0.44. Academy Sports and Outdoors' value of 0.39 is 11.4% below this benchmark. Historically, Academy Sports and Outdoors' own Equity-to-Asset has ranged from 0.20 to 0.42 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.44, Academy Sports and Outdoors 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 Retail - Cyclical company?
The median Equity-to-Asset among Retail - Cyclical companies is 0.44, based on 1,136 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. Academy Sports and Outdoors's current Equity-to-Asset of 0.39 is 11.4% 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 Academy Sports and Outdoors and its competitors. For the Retail - Cyclical industry, the median Equity-to-Asset is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Academy Sports and Outdoors's current Equity-to-Asset is 0.39, which is near median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Academy Sports and Outdoors stock overvalued right now?
Based on GuruFocus' analysis, Academy Sports and Outdoors (ASO) is currently considered Modestly Undervalued. The stock's GF Value™ is $59.78, compared to a current price of $47.76 — trading 20.1% below its estimated fair value. The current Equity-to-Asset is 0.39, which is near median its 10-year median of 0.36 and 11.4% below the Retail - Cyclical industry median of 0.44. Academy Sports and Outdoors' overall GF Score™ is 77/100 with 3 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 Academy Sports and Outdoors (ASO), the current Equity-to-Asset is 0.39 as of Apr. 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 Academy Sports and Outdoors (ASO) Overvalued in 2026?
Based on GuruFocus' analysis, Academy Sports and Outdoors stock appears to be undervalued.
The current stock price of $47.76 is trading 20.1% below its estimated GF Value™ of $59.78.
GuruFocus considers Academy Sports and Outdoors to be Modestly Undervalued.
Key valuation signals for ASO:
Equity-to-Asset: 0.39 (near median its 10-year median of 0.36)
GF Value™: $59.78 vs. price of $47.76 (20.1% below fair value)
Industry Position: 11.4% below the Retail - Cyclical median (#655 of 1136)
No single metric tells the full story. See the ASO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Academy Sports and Outdoors Inc is engaged in the full-line sporting goods and outdoor recreation retailer in the United States. The company's product categories are outdoors, apparel, sports & recreation, and footwear.
77GF Score
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