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.
Mirvac GroupASX:MGR +0.53%66 Equity-to-Asset is 0.63 as of Jun. 2026, which is 3% below its 10-year median of 0.65. GuruFocus rates ASX:MGR with a GF Score™ of 66/100 and a GF Value™ of A$2.15 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 926 REITs companies, Mirvac Group ranks better than 57.99% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mirvac Group's Total Stockholders Equity for the quarter that ended in Jun. 2026 was A$9,355 Mil. Mirvac Group's Total Assets for the quarter that ended in Jun. 2026 was A$14,927 Mil.
Therefore, Mirvac Group's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.63.
The historical rank and industry rank for Mirvac Group's Equity-to-Asset or its related term are showing as below:
ASX:MGR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.6 Med: 0.65 Max: 0.67
Current: 0.63
During the past 13 years, the highest Equity to Asset Ratio of Mirvac Group was 0.67. The lowest was 0.60. And the median was 0.65.
ASX:MGR's Equity-to-Asset is ranked better than 57.99% of 926
companies
in the REITs industry
Industry Median: 0.58
vs ASX:MGR: 0.63
Mirvac Group (ASX:MGR) 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%.
Mirvac Group Equity-to-Asset Related Terms
Mirvac Group Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Mirvac 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:MGR vs VICI, WPC, BNL: Equity-to-Asset Comparison
For the REIT - Diversified subindustry, Mirvac 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.
Mirvac Group Equity-to-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Mirvac Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Mirvac 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.
Mirvac Group'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.
Mirvac Group (ASX:MGR) has a Equity-to-Asset of 0.63 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Mirvac Group and its competitors. This is near median its historical median of 0.65. Over the past decade, Mirvac Group's Equity-to-Asset has ranged from 0.60 to 0.67. According to the industry distribution chart, Mirvac Group ranks #389 out of 926 companies in the REITs industry, placing it in the top 42%.
Is Mirvac Group's Equity-to-Asset too high?
Mirvac Group's current Equity-to-Asset of 0.63 is near median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 0.67. The REITs industry median Equity-to-Asset is 0.58. Mirvac Group's value of 0.63 is 8.6% above this industry median. Based on the distribution chart, Mirvac Group ranks #389 out of 926 companies in the REITs industry, which is above the industry midpoint. Overall, Mirvac Group has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mirvac Group's Equity-to-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Mirvac Group ranks #389 out of 926 companies for Equity-to-Asset. This puts Mirvac Group in the upper half of its industry. The industry median Equity-to-Asset is 0.58. Mirvac Group's value of 0.63 is 8.6% above this benchmark. Historically, Mirvac Group's own Equity-to-Asset has ranged from 0.60 to 0.67 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.58, Mirvac Group has consistently been above 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 REITs company?
The median Equity-to-Asset among REITs companies is 0.58, based on 926 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. Mirvac Group's current Equity-to-Asset of 0.63 is 8.6% above 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 Mirvac Group and its competitors. For the REITs industry, the median Equity-to-Asset is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirvac Group's current Equity-to-Asset is 0.63, which is near median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirvac Group stock overvalued right now?
Based on GuruFocus' analysis, Mirvac Group (ASX:MGR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.15, compared to a current price of A$1.91 — trading 11.2% below its estimated fair value. The current Equity-to-Asset is 0.63, which is near median its 10-year median of 0.65 and 8.6% above the REITs industry median of 0.58. Mirvac Group's overall GF Score™ is 66/100 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 Mirvac Group (ASX:MGR), the current Equity-to-Asset is 0.63 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 Mirvac Group (ASX:MGR) Overvalued in 2026?
Based on GuruFocus' analysis, Mirvac Group stock appears to be undervalued.
The current stock price of A$1.91 is trading 11.2% below its estimated GF Value™ of A$2.15.
GuruFocus considers Mirvac Group to be Modestly Undervalued.
Key valuation signals for ASX:MGR:
Equity-to-Asset: 0.63 (near median its 10-year median of 0.65)
GF Value™: A$2.15 vs. price of A$1.91 (11.2% below fair value)
Industry Position: 8.6% above the REITs median (#389 of 926)
No single metric tells the full story. See the ASX:MGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mirvac started off as a residential property developer and over time expanded into property investment, funds management, and commercial property development. Investment is the major earnings driver, generating about two-thirds of group earnings. The investment portfolio, by book value, is made up of 50% office, 20% retail, 15% industrial and the rest is build-to-rent and land lease assets. Longer term, Mirvac aims to increase exposure to the industrial and living sectors and own fewer offices and retail centers. Development income is volatile and was around one-fourth of fiscal 2025 group earnings. Besides developing apartments and houses, which Mirvac is best known for, it is also involved in commercial and mixed-use precinct developments.
66GF Score
Get the complete analysis for ASX:MGR
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:MGR has been successfully added to your 
