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.
FleetPartners GroupASX:FPR +2.85%75 Equity-to-Asset is 0.24 as of Mar. 2026, which is 14% below its 10-year median of 0.28. GuruFocus rates ASX:FPR with a GF Score™ of 75/100 and a GF Value™ of A$3.61 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,096 Business Services companies, FleetPartners Group ranks worse than 84.12% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. FleetPartners Group's Total Stockholders Equity for the quarter that ended in Mar. 2026 was A$653.7 Mil. FleetPartners Group's Total Assets for the quarter that ended in Mar. 2026 was A$2,767.3 Mil.
Therefore, FleetPartners Group's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.24.
The historical rank and industry rank for FleetPartners Group's Equity-to-Asset or its related term are showing as below:
ASX:FPR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.28 Max: 0.32
Current: 0.24
During the past 11 years, the highest Equity to Asset Ratio of FleetPartners Group was 0.32. The lowest was 0.21. And the median was 0.28.
ASX:FPR's Equity-to-Asset is ranked worse than 84.12% of 1096
companies
in the Business Services industry
Industry Median: 0.52
vs ASX:FPR: 0.24
FleetPartners Group (ASX:FPR) 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%.
FleetPartners Group Equity-to-Asset Related Terms
FleetPartners Group Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for FleetPartners Group'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:FPR vs URI, SUNB, AER: Equity-to-Asset Comparison
For the Rental & Leasing Services subindustry, FleetPartners Group'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.
FleetPartners Group Equity-to-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, FleetPartners Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where FleetPartners Group'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.
FleetPartners Group's Equity to Asset Ratio for the fiscal year that ended in Sep. 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.
FleetPartners Group (ASX:FPR) has a Equity-to-Asset of 0.24 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on FleetPartners Group and its competitors. This is 14% below median its historical median of 0.28. Over the past decade, FleetPartners Group's Equity-to-Asset has ranged from 0.21 to 0.32. According to the industry distribution chart, FleetPartners Group ranks #922 out of 1096 companies in the Business Services industry, placing it in the top 84.1%.
Is FleetPartners Group's Equity-to-Asset too high?
FleetPartners Group's current Equity-to-Asset of 0.24 is 14% below median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.32. The Business Services industry median Equity-to-Asset is 0.52. FleetPartners Group's value of 0.24 is 53.8% below this industry median. Based on the distribution chart, FleetPartners Group ranks #922 out of 1096 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, FleetPartners Group has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FleetPartners Group's Equity-to-Asset compare to URI and SUNB?
According to the Business Services industry distribution chart, FleetPartners Group ranks #922 out of 1096 companies for Equity-to-Asset. This places FleetPartners Group in the lower half of its industry. The industry median Equity-to-Asset is 0.52. FleetPartners Group's value of 0.24 is 53.8% below this benchmark. Historically, FleetPartners Group's own Equity-to-Asset has ranged from 0.21 to 0.32 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.52, FleetPartners Group 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 Business Services company?
The median Equity-to-Asset among Business Services companies is 0.52, based on 1,096 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. FleetPartners Group's current Equity-to-Asset of 0.24 is 53.8% 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 FleetPartners Group and its competitors. For the Business Services industry, the median Equity-to-Asset is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FleetPartners Group's current Equity-to-Asset is 0.24, which is 14% below median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FleetPartners Group stock overvalued right now?
Based on GuruFocus' analysis, FleetPartners Group (ASX:FPR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.61, compared to a current price of A$2.89 — trading 19.9% below its estimated fair value. The current Equity-to-Asset is 0.24, which is 14% below median its 10-year median of 0.28 and 53.8% below the Business Services industry median of 0.52. FleetPartners Group's overall GF Score™ is 75/100 with 6 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 FleetPartners Group (ASX:FPR), the current Equity-to-Asset is 0.24 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 FleetPartners Group (ASX:FPR) Overvalued in 2026?
Based on GuruFocus' analysis, FleetPartners Group stock appears to be undervalued.
The current stock price of A$2.89 is trading 19.9% below its estimated GF Value™ of A$3.61.
GuruFocus considers FleetPartners Group to be Modestly Undervalued.
Key valuation signals for ASX:FPR:
Equity-to-Asset: 0.24 (14% below median its 10-year median of 0.28)
GF Value™: A$3.61 vs. price of A$2.89 (19.9% below fair value)
Industry Position: 53.8% below the Business Services median (#922 of 1096)
No single metric tells the full story. See the ASX:FPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FleetPartners Group Ltd is a provider of fleet leasing and fleet management services that operates across Australia and New Zealand. The company offers consumers and businesses access to funding solutions including fleet leasing, novated leasing, and salary packaging solutions. Its business segments include Australia commercial, Novated, and New Zealand commercial, with the majority of revenue flowing from Australia commercial. Australia commercial provides fleet leasing and management services; novated provides novated leasing and salary packaging services in Australia, and New Zealand commercial provides fleet leasing, management, and vehicle dealerships. Some of its brands include FleetPartners, FleetPlus and FleetChoice.
75GF Score
Get the complete analysis for ASX:FPR
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:FPR has been successfully added to your 
