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.
Evolution MiningASX:EVN +1.86%86 Equity-to-Asset is 0.55 as of Jun. 2026, which is 8% below its 10-year median of 0.60. GuruFocus rates ASX:EVN with a GF Score™ of 86/100 and a GF Value™ of A$9.02 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,671 Metals & Mining companies, Evolution Mining ranks worse than 69.04% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Evolution Mining's Total Stockholders Equity for the quarter that ended in Jun. 2026 was A$5,829 Mil. Evolution Mining's Total Assets for the quarter that ended in Jun. 2026 was A$10,546 Mil.
Therefore, Evolution Mining's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.55.
The historical rank and industry rank for Evolution Mining's Equity-to-Asset or its related term are showing as below:
ASX:EVN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47 Med: 0.6 Max: 0.78
Current: 0.55
During the past 13 years, the highest Equity to Asset Ratio of Evolution Mining was 0.78. The lowest was 0.47. And the median was 0.60.
ASX:EVN's Equity-to-Asset is ranked worse than 69.04% of 2671
companies
in the Metals & Mining industry
Industry Median: 0.8
vs ASX:EVN: 0.55
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%.
Evolution Mining Equity-to-Asset Related Terms
Evolution Mining Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Evolution Mining'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.
For the Gold subindustry, Evolution Mining'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.
Evolution Mining Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Evolution Mining's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Evolution Mining'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.
Evolution Mining'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.
Evolution Mining (ASX:EVN) has a Equity-to-Asset of 0.55 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Evolution Mining and its competitors. This is near median its historical median of 0.60. Over the past decade, Evolution Mining's Equity-to-Asset has ranged from 0.47 to 0.78. According to the industry distribution chart, Evolution Mining ranks #1844 out of 2671 companies in the Metals & Mining industry, placing it in the top 69%.
Is Evolution Mining's Equity-to-Asset too high?
Evolution Mining's current Equity-to-Asset of 0.55 is near median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 0.78. The Metals & Mining industry median Equity-to-Asset is 0.80. Evolution Mining's value of 0.55 is 31.3% below this industry median. Based on the distribution chart, Evolution Mining ranks #1844 out of 2671 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Evolution Mining has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evolution Mining's Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Evolution Mining ranks #1844 out of 2671 companies for Equity-to-Asset. This places Evolution Mining in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Evolution Mining's value of 0.55 is 31.3% below this benchmark. Historically, Evolution Mining's own Equity-to-Asset has ranged from 0.47 to 0.78 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.80, Evolution Mining 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 Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.80, based on 2,671 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. Evolution Mining's current Equity-to-Asset of 0.55 is 31.3% 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 Evolution Mining and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evolution Mining's current Equity-to-Asset is 0.55, which is near median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution Mining stock overvalued right now?
Based on GuruFocus' analysis, Evolution Mining (ASX:EVN) is currently considered Significantly Overvalued. The stock's GF Value™ is A$9.02, compared to a current price of A$15.35 — trading 70.2% above its estimated fair value. The current Equity-to-Asset is 0.55, which is near median its 10-year median of 0.60 and 31.3% below the Metals & Mining industry median of 0.80. Evolution Mining's overall GF Score™ is 86/100 with 1 warning sign 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 Evolution Mining (ASX:EVN), the current Equity-to-Asset is 0.55 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 Evolution Mining (ASX:EVN) Overvalued in 2026?
Based on GuruFocus' analysis, Evolution Mining stock appears to be overvalued.
The current stock price of A$15.35 is trading 70.2% above its estimated GF Value™ of A$9.02.
GuruFocus considers Evolution Mining to be Significantly Overvalued.
Key valuation signals for ASX:EVN:
Equity-to-Asset: 0.55 (near median its 10-year median of 0.60)
GF Value™: A$9.02 vs. price of A$15.35 (70.2% above fair value)
Industry Position: 31.3% below the Metals & Mining median (#1844 of 2671)
No single metric tells the full story. See the ASX:EVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evolution Mining is an Australia-based gold miner. It sold around 750,000 ounces of gold in fiscal 2025 from six wholly or majority owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were purchased in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, the rest of Ernest Henry in 2022 and an 80% stake in the Northparkes copper and gold mine in December 2023. It had roughly 15 years of gold reserves and two decades of copper reserves at the end of December 2024.
86GF Score
Get the complete analysis for ASX:EVN
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:EVN has been successfully added to your 
