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.
COG Financial ServicesASX:COG -2.28%30 Equity-to-Asset is 0.21 as of Dec. 2025, which is 38% below its 10-year median of 0.34. GuruFocus rates ASX:COG with a GF Score™ of 30/100 and a GF Value™ of A$0.76 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 816 Capital Markets companies, COG Financial Services ranks worse than 75.12% 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%.
COG Financial Services Equity-to-Asset Related Terms
COG Financial Services Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for COG Financial Services'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:COG vs MS, GS, SCHW: Equity-to-Asset Comparison
For the Capital Markets subindustry, COG Financial Services'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.
COG Financial Services Equity-to-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, COG Financial Services's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where COG Financial Services'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.
COG Financial Services'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.
COG Financial Services (ASX:COG) has a Equity-to-Asset of 0.21 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on COG Financial Services and its competitors. This is 38% below median its historical median of 0.34. Over the past decade, COG Financial Services' Equity-to-Asset has ranged from 0.21 to 0.95. According to the industry distribution chart, COG Financial Services ranks #613 out of 816 companies in the Capital Markets industry, placing it in the top 75.1%.
Is COG Financial Services' Equity-to-Asset too high?
COG Financial Services' current Equity-to-Asset of 0.21 is 38% below median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.95. The Capital Markets industry median Equity-to-Asset is 0.50. COG Financial Services' value of 0.21 is 58% below this industry median. Based on the distribution chart, COG Financial Services ranks #613 out of 816 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, COG Financial Services has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does COG Financial Services' Equity-to-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, COG Financial Services ranks #613 out of 816 companies for Equity-to-Asset. This places COG Financial Services in the lower half of its industry. The industry median Equity-to-Asset is 0.50. COG Financial Services' value of 0.21 is 58% below this benchmark. Historically, COG Financial Services' own Equity-to-Asset has ranged from 0.21 to 0.95 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.50, COG Financial Services 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 Capital Markets company?
The median Equity-to-Asset among Capital Markets companies is 0.50, based on 816 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. COG Financial Services's current Equity-to-Asset of 0.21 is 58% 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 COG Financial Services and its competitors. For the Capital Markets 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. COG Financial Services's current Equity-to-Asset is 0.21, which is 38% below median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is COG Financial Services stock overvalued right now?
Based on GuruFocus' analysis, COG Financial Services (ASX:COG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.76, compared to a current price of A$1.29 — trading 69.1% above its estimated fair value. The current Equity-to-Asset is 0.21, which is 38% below median its 10-year median of 0.34 and 58% below the Capital Markets industry median of 0.50. COG Financial Services' overall GF Score™ is 30/100 with 4 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 COG Financial Services (ASX:COG), the current Equity-to-Asset is 0.21 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 COG Financial Services (ASX:COG) Overvalued in 2026?
Based on GuruFocus' analysis, COG Financial Services stock appears to be overvalued.
The current stock price of A$1.29 is trading 69.1% above its estimated GF Value™ of A$0.76.
GuruFocus considers COG Financial Services to be Significantly Overvalued.
Key valuation signals for ASX:COG:
Equity-to-Asset: 0.21 (38% below median its 10-year median of 0.34)
GF Value™: A$0.76 vs. price of A$1.29 (69.1% above fair value)
Industry Position: 58% below the Capital Markets median (#613 of 816)
No single metric tells the full story. See the ASX:COG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
COG Financial Services Ltd is engaged in the equipment finance sector. The investment objective of the company is to grow its earnings per share by investing in complementary entities and growing existing businesses that specialise in equipment finance broking, finance aggregation, and commercial leases for essential business assets. Its segments include Finance Broking and Aggregation, which is the key revenue driver, focused on the aggregation of broker volumes to maximize profitability through scale and finance broking focused on products finance and asset types; Novated Leasing; Asset Management and Lending activities, and others.
30GF Score
Get the complete analysis for ASX:COG
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:COG has been successfully added to your 
