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.
EROADASX:ERD +1.26%39 Equity-to-Asset is 0.56 as of Mar. 2026, which is 10% below its 10-year median of 0.62. GuruFocus rates ASX:ERD with a GF Score™ of 39/100 and a GF Value™ of A$0.77 (Fairly Valued). The stock has 7 warning signs investors should review. Among 2,893 Software companies, EROAD ranks better than 50.67% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. EROAD's Total Stockholders Equity for the quarter that ended in Mar. 2026 was A$143.6 Mil. EROAD's Total Assets for the quarter that ended in Mar. 2026 was A$257.3 Mil.
Therefore, EROAD's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.56.
The historical rank and industry rank for EROAD's Equity-to-Asset or its related term are showing as below:
ASX:ERD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.42 Med: 0.62 Max: 0.72
Current: 0.56
During the past 11 years, the highest Equity to Asset Ratio of EROAD was 0.72. The lowest was 0.42. And the median was 0.62.
ASX:ERD's Equity-to-Asset is ranked better than 50.67% of 2893
companies
in the Software industry
Industry Median: 0.56
vs ASX:ERD: 0.56
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%.
EROAD Equity-to-Asset Related Terms
EROAD Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for EROAD'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:ERD vs MSFT, ORCL, PLTR: Equity-to-Asset Comparison
For the Software - Infrastructure subindustry, EROAD'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.
EROAD Equity-to-Asset vs Software Industry
For the Software industry and Technology sector, EROAD's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where EROAD'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.
EROAD's Equity to Asset Ratio for the fiscal year that ended in Mar. 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.
EROAD (ASX:ERD) has a Equity-to-Asset of 0.56 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on EROAD and its competitors. This is 10% below median its historical median of 0.62. Over the past decade, EROAD's Equity-to-Asset has ranged from 0.42 to 0.72. According to the industry distribution chart, EROAD ranks #1427 out of 2893 companies in the Software industry, placing it in the top 49.3%.
Is EROAD's Equity-to-Asset too high?
EROAD's current Equity-to-Asset of 0.56 is 10% below median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 0.72. The Software industry median Equity-to-Asset is 0.56. EROAD's value of 0.56 is 0% at this industry median. Based on the distribution chart, EROAD ranks #1427 out of 2893 companies in the Software industry, which is above the industry midpoint. Overall, EROAD has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does EROAD's Equity-to-Asset compare to MSFT and ORCL?
According to the Software industry distribution chart, EROAD ranks #1427 out of 2893 companies for Equity-to-Asset. This puts EROAD in the upper half of its industry. The industry median Equity-to-Asset is 0.56. EROAD's value of 0.56 is 0% at this benchmark. Historically, EROAD's own Equity-to-Asset has ranged from 0.42 to 0.72 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.56, EROAD has consistently been at 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 Software company?
The median Equity-to-Asset among Software companies is 0.56, based on 2,893 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. EROAD's current Equity-to-Asset of 0.56 is 0% at 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 EROAD and its competitors. For the Software industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EROAD's current Equity-to-Asset is 0.56, which is 10% below median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EROAD stock overvalued right now?
Based on GuruFocus' analysis, EROAD (ASX:ERD) is currently considered Fairly Valued. The stock's GF Value™ is A$0.77, compared to a current price of A$0.81 — trading 4.5% above its estimated fair value. The current Equity-to-Asset is 0.56, which is 10% below median its 10-year median of 0.62 and 0% at the Software industry median of 0.56. EROAD's overall GF Score™ is 39/100 with 7 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 EROAD (ASX:ERD), the current Equity-to-Asset is 0.56 as of Mar. 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 EROAD (ASX:ERD) Overvalued in 2026?
Based on GuruFocus' analysis, EROAD stock appears to be overvalued.
The current stock price of A$0.81 is trading 4.5% above its estimated GF Value™ of A$0.77.
GuruFocus considers EROAD to be Fairly Valued.
Key valuation signals for ASX:ERD:
Equity-to-Asset: 0.56 (10% below median its 10-year median of 0.62)
GF Value™: A$0.77 vs. price of A$0.81 (4.5% above fair value)
Industry Position: 0% at the Software median (#1427 of 2893)
No single metric tells the full story. See the ASX:ERD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EROAD Ltd is a New Zealand Based company which is a fully integrated technology, tolling and services provider. It designs and manufactures in-vehicle hardware operates secure payment and merchant gateways and offers web-based value-added services. The company provides electronic on-board units and software as a service to the transport industry. Its products are categorized in RUC Compliance, Health & Safety, and Fleet Management. It operates through four segments: Corporate & Development, North America, Australia, and New Zealand.
39GF Score
Get the complete analysis for ASX:ERD
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:ERD has been successfully added to your 
