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.
AdairsASX:ADH -2.65%84 Equity-to-Asset is 0.36 as of Dec. 2025, which is at its 10-year median of 0.36. GuruFocus rates ASX:ADH with a GF Score™ of 84/100 and a GF Value™ of A$2.13 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,137 Retail - Cyclical companies, Adairs ranks worse than 63.32% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Adairs's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$231.9 Mil. Adairs's Total Assets for the quarter that ended in Dec. 2025 was A$641.7 Mil.
Therefore, Adairs's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.36.
The historical rank and industry rank for Adairs's Equity-to-Asset or its related term are showing as below:
ASX:ADH'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.22 Med: 0.36 Max: 0.6
Current: 0.36
During the past 11 years, the highest Equity to Asset Ratio of Adairs was 0.60. The lowest was 0.22. And the median was 0.36.
ASX:ADH's Equity-to-Asset is ranked worse than 63.32% of 1137
companies
in the Retail - Cyclical industry
Industry Median: 0.44
vs ASX:ADH: 0.36
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%.
Adairs Equity-to-Asset Related Terms
Adairs Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Adairs'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.
ASX:ADH vs CASY, WSM, ULTA: Equity-to-Asset Comparison
For the Specialty Retail subindustry, Adairs'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.
Adairs Equity-to-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Adairs's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Adairs'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.
Adairs'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.
Adairs (ASX:ADH) has a Equity-to-Asset of 0.36 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Adairs and its competitors. This is near median its historical median of 0.36. Over the past decade, Adairs' Equity-to-Asset has ranged from 0.22 to 0.60. According to the industry distribution chart, Adairs ranks #720 out of 1137 companies in the Retail - Cyclical industry, placing it in the top 63.3%.
Is Adairs' Equity-to-Asset too high?
Adairs' current Equity-to-Asset of 0.36 is near median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.60. The Retail - Cyclical industry median Equity-to-Asset is 0.44. Adairs' value of 0.36 is 18.2% below this industry median. Based on the distribution chart, Adairs ranks #720 out of 1137 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Adairs has a GF Score™ of 84/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Adairs' Equity-to-Asset compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Adairs ranks #720 out of 1137 companies for Equity-to-Asset. This places Adairs in the lower half of its industry. The industry median Equity-to-Asset is 0.44. Adairs' value of 0.36 is 18.2% below this benchmark. Historically, Adairs' own Equity-to-Asset has ranged from 0.22 to 0.60 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.44, Adairs 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 1,137 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. Adairs's current Equity-to-Asset of 0.36 is 18.2% 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 Adairs 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. Adairs's current Equity-to-Asset is 0.36, 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 Adairs stock overvalued right now?
Based on GuruFocus' analysis, Adairs (ASX:ADH) is currently considered Possible Value Trap. The stock's GF Value™ is A$2.13, compared to a current price of A$1.47 — trading 31% below its estimated fair value. The current Equity-to-Asset is 0.36, which is near median its 10-year median of 0.36 and 18.2% below the Retail - Cyclical industry median of 0.44. Adairs' overall GF Score™ is 84/100 with 8 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 Adairs (ASX:ADH), the current Equity-to-Asset is 0.36 as of Dec. 2025. 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 Adairs (ASX:ADH) Overvalued in 2026?
Based on GuruFocus' analysis, Adairs stock appears to be undervalued.
The current stock price of A$1.47 is trading 31% below its estimated GF Value™ of A$2.13.
GuruFocus considers Adairs to be Possible Value Trap.
Key valuation signals for ASX:ADH:
Equity-to-Asset: 0.36 (near median its 10-year median of 0.36)
GF Value™: A$2.13 vs. price of A$1.47 (31% below fair value)
Industry Position: 18.2% below the Retail - Cyclical median (#720 of 1137)
No single metric tells the full story. See the ASX:ADH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adairs Ltd is engaged in the retailing of homewares and home furnishings in Australia and New Zealand. The company's product range includes categories, such as quilt covers and coverlets, sheets, cotton flannelette, pillowcases, quilts, pillows, mattress protectors, pillow protectors, blankets, nursery products, valances, bed wraps, bedspreads, and slippers, kids beach products and towels, cushions, throws, gifts and toys, wall arts, rugs, laundry, and home care products, chairs, bedheads, storage and shelves, ottomans and bench seats, and tables, as well as pots and plants, baskets, throws, home decor, and fragrance products, mirrors, lighting products, and tableware and pets products. Its operating segments are Adairs, Focus on Furniture, and Mocka.
84GF Score
Get the complete analysis for ASX:ADH
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
ASX:ADH has been successfully added to your 
