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Pengana Capital GroupASX:PCG -2.70%39 Equity-to-Asset is 0.99 as of Dec. 2025, which is at its 10-year median of 0.99. GuruFocus rates ASX:PCG with a GF Score™ of 39/100 and a GF Value™ of A$0.34 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,634 Asset Management companies, Pengana Capital Group ranks better than 90.82% on this metric.
The historical rank and industry rank for Pengana Capital Group's Equity-to-Asset or its related term are showing as below:
ASX:PCG'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.98 Med: 0.99 Max: 0.99
Current: 0.99
During the past 1 years, the highest Equity to Asset Ratio of Pengana Capital Group was 0.99. The lowest was 0.98. And the median was 0.99.
ASX:PCG's Equity-to-Asset is ranked better than 90.82% of 1634
companies
in the Asset Management industry
Industry Median: 0.83
vs ASX:PCG: 0.99
Pengana Capital Group (ASX:PCG) 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%.
Pengana Capital Group Equity-to-Asset Related Terms
Pengana Capital Group Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Pengana Capital 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.
Pengana Capital Group Equity-to-Asset Chart
Pengana Capital Group Annual Data
Trend
Jun25
Equity-to-Asset
0.98
Pengana Capital Group Semi-Annual Data
Dec24
Jun25
Dec25
Equity-to-Asset
0.99
0.98
0.99
ASX:PCG vs BLK, BX, KKR: Equity-to-Asset Comparison
For the Asset Management subindustry, Pengana Capital 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.
Pengana Capital Group Equity-to-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pengana Capital Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Pengana Capital 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.
Pengana Capital Group'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.
Pengana Capital Group (ASX:PCG) has a Equity-to-Asset of 0.99 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Pengana Capital Group and its competitors. This is near median its historical median of 0.99. Over the past decade, Pengana Capital Group's Equity-to-Asset has ranged from 0.98 to 0.99. According to the industry distribution chart, Pengana Capital Group ranks #150 out of 1634 companies in the Asset Management industry, placing it in the top 9.2%.
Is Pengana Capital Group's Equity-to-Asset too high?
Pengana Capital Group's current Equity-to-Asset of 0.99 is near median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 0.99. The Asset Management industry median Equity-to-Asset is 0.83. Pengana Capital Group's value of 0.99 is 19.3% above this industry median. Based on the distribution chart, Pengana Capital Group ranks #150 out of 1634 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Pengana Capital Group has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pengana Capital Group's Equity-to-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Pengana Capital Group ranks #150 out of 1634 companies for Equity-to-Asset. This places Pengana Capital Group in the top 9% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.83. Pengana Capital Group's value of 0.99 is 19.3% above this benchmark. Historically, Pengana Capital Group's own Equity-to-Asset has ranged from 0.98 to 0.99 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.83, Pengana Capital 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 an Asset Management company?
The median Equity-to-Asset among Asset Management companies is 0.83, based on 1,634 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. Pengana Capital Group's current Equity-to-Asset of 0.99 is 19.3% 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 Pengana Capital Group 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. Pengana Capital Group's current Equity-to-Asset is 0.99, which is near median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pengana Capital Group stock overvalued right now?
Based on GuruFocus' analysis, Pengana Capital Group (ASX:PCG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.34, compared to a current price of A$0.72 — trading 111.8% above its estimated fair value. The current Equity-to-Asset is 0.99, which is near median its 10-year median of 0.99 and 19.3% above the Asset Management industry median of 0.83. Pengana Capital Group's overall GF Score™ is 39/100 with 3 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 Pengana Capital Group (ASX:PCG), the current Equity-to-Asset is 0.99 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 Pengana Capital Group (ASX:PCG) Overvalued in 2026?
Based on GuruFocus' analysis, Pengana Capital Group stock appears to be overvalued.
The current stock price of A$0.72 is trading 111.8% above its estimated GF Value™ of A$0.34.
GuruFocus considers Pengana Capital Group to be Significantly Overvalued.
Key valuation signals for ASX:PCG:
Equity-to-Asset: 0.99 (near median its 10-year median of 0.99)
GF Value™: A$0.34 vs. price of A$0.72 (111.8% above fair value)
Industry Position: 19.3% above the Asset Management median (#150 of 1634)
No single metric tells the full story. See the ASX:PCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pengana Capital Group Ltd is a diversified fund management company. Its objective is to increase investor wealth by developing, offering, and managing investment funds in Australia and globally as opportunities arise. It operates in one operating segment being the development, offering of, and management of investment funds.
39GF Score
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