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L1 Long Short FundASX:LSF +1.57%64 Equity-to-Asset is 0.39 as of Dec. 2025, which is 13% below its 10-year median of 0.45. GuruFocus rates ASX:LSF with a GF Score™ of 64/100 and a GF Value™ of A$13.45 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,630 Asset Management companies, L1 Long Short Fund ranks worse than 87.98% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. L1 Long Short Fund's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$2,329.1 Mil. L1 Long Short Fund's Total Assets for the quarter that ended in Dec. 2025 was A$5,925.2 Mil.
Therefore, L1 Long Short Fund's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.39.
The historical rank and industry rank for L1 Long Short Fund's Equity-to-Asset or its related term are showing as below:
ASX:LSF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.45 Max: 0.51
Current: 0.39
During the past 8 years, the highest Equity to Asset Ratio of L1 Long Short Fund was 0.51. The lowest was 0.39. And the median was 0.45.
ASX:LSF's Equity-to-Asset is ranked worse than 87.98% of 1630
companies
in the Asset Management industry
Industry Median: 0.83
vs ASX:LSF: 0.39
L1 Long Short Fund (ASX:LSF) 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%.
L1 Long Short Fund Equity-to-Asset Related Terms
L1 Long Short Fund Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for L1 Long Short Fund'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:LSF vs BLK, BX, KKR: Equity-to-Asset Comparison
For the Asset Management subindustry, L1 Long Short Fund'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.
L1 Long Short Fund Equity-to-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, L1 Long Short Fund's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where L1 Long Short Fund'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.
L1 Long Short Fund'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.
L1 Long Short Fund (ASX:LSF) has a Equity-to-Asset of 0.39 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on L1 Long Short Fund and its competitors. This is 13% below median its historical median of 0.45. Over the past decade, L1 Long Short Fund's Equity-to-Asset has ranged from 0.39 to 0.51. According to the industry distribution chart, L1 Long Short Fund ranks #1434 out of 1630 companies in the Asset Management industry, placing it in the top 88%.
Is L1 Long Short Fund's Equity-to-Asset too high?
L1 Long Short Fund's current Equity-to-Asset of 0.39 is 13% below median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.51. The Asset Management industry median Equity-to-Asset is 0.83. L1 Long Short Fund's value of 0.39 is 53% below this industry median. Based on the distribution chart, L1 Long Short Fund ranks #1434 out of 1630 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, L1 Long Short Fund has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does L1 Long Short Fund's Equity-to-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, L1 Long Short Fund ranks #1434 out of 1630 companies for Equity-to-Asset. This places L1 Long Short Fund in the lower half of its industry. The industry median Equity-to-Asset is 0.83. L1 Long Short Fund's value of 0.39 is 53% below this benchmark. Historically, L1 Long Short Fund's own Equity-to-Asset has ranged from 0.39 to 0.51 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 0.83, L1 Long Short Fund 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 an Asset Management company?
The median Equity-to-Asset among Asset Management companies is 0.83, based on 1,630 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. L1 Long Short Fund's current Equity-to-Asset of 0.39 is 53% 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 L1 Long Short Fund and its competitors. For the Asset Management industry, the median Equity-to-Asset is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L1 Long Short Fund's current Equity-to-Asset is 0.39, which is 13% below median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L1 Long Short Fund stock overvalued right now?
Based on GuruFocus' analysis, L1 Long Short Fund (ASX:LSF) is currently considered Significantly Undervalued. The stock's GF Value™ is A$13.45, compared to a current price of A$4.52 — trading 66.4% below its estimated fair value. The current Equity-to-Asset is 0.39, which is 13% below median its 10-year median of 0.45 and 53% below the Asset Management industry median of 0.83. L1 Long Short Fund's overall GF Score™ is 64/100 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 L1 Long Short Fund (ASX:LSF), the current Equity-to-Asset is 0.39 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 L1 Long Short Fund (ASX:LSF) Overvalued in 2026?
Based on GuruFocus' analysis, L1 Long Short Fund stock appears to be undervalued.
The current stock price of A$4.52 is trading 66.4% below its estimated GF Value™ of A$13.45.
GuruFocus considers L1 Long Short Fund to be Significantly Undervalued.
Key valuation signals for ASX:LSF:
Equity-to-Asset: 0.39 (13% below median its 10-year median of 0.45)
GF Value™: A$13.45 vs. price of A$4.52 (66.4% below fair value)
Industry Position: 53% below the Asset Management median (#1434 of 1630)
No single metric tells the full story. See the ASX:LSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
L1 Long Short Fund Ltd provides investors with access to an actively managed long and short portfolio of securities and the investment expertise of the manager. The company's investment process combines valuation with qualitative considerations to identify attractive investment opportunities. It operates in one industry, being the securities industry, deriving revenue from dividend and trust distribution income, interest income, and from the sale of its trading portfolio.
64GF Score
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