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.
Air New ZealandASX:AIZ +6.35%32 Equity-to-Asset is 0.19 as of Jun. 2026, which is 14% below its 10-year median of 0.22. GuruFocus rates ASX:AIZ with a GF Score™ of 32/100 and a GF Value™ of A$0.50 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,022 Transportation companies, Air New Zealand ranks worse than 86.99% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Air New Zealand's Total Stockholders Equity for the quarter that ended in Jun. 2026 was A$1,382 Mil. Air New Zealand's Total Assets for the quarter that ended in Jun. 2026 was A$7,469 Mil.
Therefore, Air New Zealand's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.19.
The historical rank and industry rank for Air New Zealand's Equity-to-Asset or its related term are showing as below:
ASX:AIZ'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.22 Max: 0.28
Current: 0.19
During the past 13 years, the highest Equity to Asset Ratio of Air New Zealand was 0.28. The lowest was 0.17. And the median was 0.22.
ASX:AIZ's Equity-to-Asset is ranked worse than 86.99% of 1022
companies
in the Transportation industry
Industry Median: 0.5
vs ASX:AIZ: 0.19
Air New Zealand (ASX:AIZ) 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%.
Air New Zealand Equity-to-Asset Related Terms
Air New Zealand Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Air New Zealand'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:AIZ vs DAL, UAL, LUV: Equity-to-Asset Comparison
For the Airlines subindustry, Air New Zealand'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.
Air New Zealand Equity-to-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Air New Zealand's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Air New Zealand'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.
Air New Zealand's Equity to Asset Ratio for the fiscal year that ended in Jun. 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.
Air New Zealand (ASX:AIZ) has a Equity-to-Asset of 0.19 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Air New Zealand and its competitors. This is 14% below median its historical median of 0.22. Over the past decade, Air New Zealand's Equity-to-Asset has ranged from 0.17 to 0.28. According to the industry distribution chart, Air New Zealand ranks #889 out of 1022 companies in the Transportation industry, placing it in the top 87%.
Is Air New Zealand's Equity-to-Asset too high?
Air New Zealand's current Equity-to-Asset of 0.19 is 14% below median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.28. The Transportation industry median Equity-to-Asset is 0.50. Air New Zealand's value of 0.19 is 62% below this industry median. Based on the distribution chart, Air New Zealand ranks #889 out of 1022 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Air New Zealand has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Air New Zealand's Equity-to-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, Air New Zealand ranks #889 out of 1022 companies for Equity-to-Asset. This places Air New Zealand in the lower half of its industry. The industry median Equity-to-Asset is 0.50. Air New Zealand's value of 0.19 is 62% below this benchmark. Historically, Air New Zealand's own Equity-to-Asset has ranged from 0.17 to 0.28 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.50, Air New Zealand 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 Transportation company?
The median Equity-to-Asset among Transportation companies is 0.50, based on 1,022 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. Air New Zealand's current Equity-to-Asset of 0.19 is 62% 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 Air New Zealand and its competitors. For the Transportation industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air New Zealand's current Equity-to-Asset is 0.19, which is 14% below median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air New Zealand stock overvalued right now?
Based on GuruFocus' analysis, Air New Zealand (ASX:AIZ) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.50, compared to a current price of A$0.34 — trading 33% below its estimated fair value. The current Equity-to-Asset is 0.19, which is 14% below median its 10-year median of 0.22 and 62% below the Transportation industry median of 0.50. Air New Zealand's overall GF Score™ is 32/100 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 Air New Zealand (ASX:AIZ), the current Equity-to-Asset is 0.19 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 Air New Zealand (ASX:AIZ) Overvalued in 2026?
Based on GuruFocus' analysis, Air New Zealand stock appears to be undervalued.
The current stock price of A$0.34 is trading 33% below its estimated GF Value™ of A$0.50.
GuruFocus considers Air New Zealand to be Possible Value Trap.
Key valuation signals for ASX:AIZ:
Equity-to-Asset: 0.19 (14% below median its 10-year median of 0.22)
GF Value™: A$0.50 vs. price of A$0.34 (33% below fair value)
Industry Position: 62% below the Transportation median (#889 of 1022)
No single metric tells the full story. See the ASX:AIZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air New Zealand, majority owned by the New Zealand government, provides air passenger and cargo transport services within New Zealand as well as to and from Australia, the Southwest Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market with around 80% share, although the majority of revenue is derived from international and trans-Tasman activity.
32GF Score
Get the complete analysis for ASX:AIZ
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:AIZ has been successfully added to your 
