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Step One ClothingASX:STP 33 Equity-to-Asset is 0.82 as of Dec. 2025, which is at its 10-year median of 0.82. GuruFocus rates ASX:STP with a GF Score™ of 33/100 and a GF Value™ of A$0.64 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,135 Retail - Cyclical companies, Step One Clothing ranks better than 91.63% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Step One Clothing's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$38.94 Mil. Step One Clothing's Total Assets for the quarter that ended in Dec. 2025 was A$47.38 Mil.
Therefore, Step One Clothing's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.82.
The historical rank and industry rank for Step One Clothing's Equity-to-Asset or its related term are showing as below:
ASX:STP'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.77 Med: 0.82 Max: 0.86
Current: 0.82
During the past 5 years, the highest Equity to Asset Ratio of Step One Clothing was 0.86. The lowest was 0.77. And the median was 0.82.
ASX:STP's Equity-to-Asset is ranked better than 91.63% of 1135
companies
in the Retail - Cyclical industry
Industry Median: 0.44
vs ASX:STP: 0.82
Step One Clothing (ASX:STP) 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%.
Step One Clothing Equity-to-Asset Related Terms
Step One Clothing Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Step One Clothing'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:STP vs TJX, ROST, BURL: Equity-to-Asset Comparison
For the Apparel Retail subindustry, Step One Clothing'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.
Step One Clothing Equity-to-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Step One Clothing's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Step One Clothing'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.
Step One Clothing'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.
Step One Clothing (ASX:STP) has a Equity-to-Asset of 0.82 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Step One Clothing and its competitors. This is near median its historical median of 0.82. Over the past decade, Step One Clothing's Equity-to-Asset has ranged from 0.77 to 0.86. According to the industry distribution chart, Step One Clothing ranks #95 out of 1135 companies in the Retail - Cyclical industry, placing it in the top 8.4%.
Is Step One Clothing's Equity-to-Asset too high?
Step One Clothing's current Equity-to-Asset of 0.82 is near median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 0.86. The Retail - Cyclical industry median Equity-to-Asset is 0.44. Step One Clothing's value of 0.82 is 86.4% above this industry median. Based on the distribution chart, Step One Clothing ranks #95 out of 1135 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Step One Clothing has a GF Score™ of 33/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Step One Clothing's Equity-to-Asset compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Step One Clothing ranks #95 out of 1135 companies for Equity-to-Asset. This places Step One Clothing in the top 8% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.44. Step One Clothing's value of 0.82 is 86.4% above this benchmark. Historically, Step One Clothing's own Equity-to-Asset has ranged from 0.77 to 0.86 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 0.44, Step One Clothing 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 Retail - Cyclical company?
The median Equity-to-Asset among Retail - Cyclical companies is 0.44, based on 1,135 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. Step One Clothing's current Equity-to-Asset of 0.82 is 86.4% 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 Step One Clothing and its competitors. For the Retail - Cyclical industry, the median Equity-to-Asset is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step One Clothing's current Equity-to-Asset is 0.82, which is near median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step One Clothing stock overvalued right now?
Based on GuruFocus' analysis, Step One Clothing (ASX:STP) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.64, compared to a current price of A$0.14 — trading 78.1% below its estimated fair value. The current Equity-to-Asset is 0.82, which is near median its 10-year median of 0.82 and 86.4% above the Retail - Cyclical industry median of 0.44. Step One Clothing's overall GF Score™ is 33/100 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 Step One Clothing (ASX:STP), the current Equity-to-Asset is 0.82 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 Step One Clothing (ASX:STP) Overvalued in 2026?
Based on GuruFocus' analysis, Step One Clothing stock appears to be undervalued.
The current stock price of A$0.14 is trading 78.1% below its estimated GF Value™ of A$0.64.
GuruFocus considers Step One Clothing to be Significantly Undervalued.
Key valuation signals for ASX:STP:
Equity-to-Asset: 0.82 (near median its 10-year median of 0.82)
GF Value™: A$0.64 vs. price of A$0.14 (78.1% below fair value)
Industry Position: 86.4% above the Retail - Cyclical median (#95 of 1135)
No single metric tells the full story. See the ASX:STP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. Its group is organized into three operating segments, being online retail sales for Australia, the United Kingdom, and the United States of America, however, these segments are aggregated into one reportable segment.
33GF Score
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