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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.
The LotteryASX:TLC +0.74%59 Equity-to-Asset is 0.08 as of Dec. 2025, which is 14% above its 10-year median of 0.07. GuruFocus rates ASX:TLC with a GF Score™ of 59/100 and a GF Value™ of A$5.25 (Fairly Valued). The stock has 5 warning signs investors should review. Among 860 Travel & Leisure companies, The Lottery ranks worse than 89.65% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Lottery's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$340 Mil. The Lottery's Total Assets for the quarter that ended in Dec. 2025 was A$4,457 Mil.
Therefore, The Lottery's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.08.
The historical rank and industry rank for The Lottery's Equity-to-Asset or its related term are showing as below:
ASX:TLC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.09
Current: 0.08
During the past 4 years, the highest Equity to Asset Ratio of The Lottery was 0.09. The lowest was 0.01. And the median was 0.07.
ASX:TLC's Equity-to-Asset is ranked worse than 89.65% of 860
companies
in the Travel & Leisure industry
Industry Median: 0.51
vs ASX:TLC: 0.08
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%.
The Lottery Equity-to-Asset Related Terms
The Lottery Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for The Lottery'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:TLC vs FLUT, DKNG, SGHC: Equity-to-Asset Comparison
For the Gambling subindustry, The Lottery'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.
The Lottery Equity-to-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, The Lottery's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where The Lottery'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.
The Lottery'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.
The Lottery (ASX:TLC) has a Equity-to-Asset of 0.08 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on The Lottery and its competitors. This is 14% above median its historical median of 0.07. Over the past decade, The Lottery's Equity-to-Asset has ranged from 0.01 to 0.09. According to the industry distribution chart, The Lottery ranks #771 out of 860 companies in the Travel & Leisure industry, placing it in the top 89.7%.
Is The Lottery's Equity-to-Asset too high?
The Lottery's current Equity-to-Asset of 0.08 is 14% above median its 10-year median of 0.07. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.09. The Travel & Leisure industry median Equity-to-Asset is 0.51. The Lottery's value of 0.08 is 84.3% below this industry median. Based on the distribution chart, The Lottery ranks #771 out of 860 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, The Lottery has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Lottery's Equity-to-Asset compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, The Lottery ranks #771 out of 860 companies for Equity-to-Asset. This places The Lottery in the lower half of its industry. The industry median Equity-to-Asset is 0.51. The Lottery's value of 0.08 is 84.3% below this benchmark. Historically, The Lottery's own Equity-to-Asset has ranged from 0.01 to 0.09 over the past decade. While the company's 10-year median is 0.07 vs. the industry median of 0.51, The Lottery 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 Travel & Leisure company?
The median Equity-to-Asset among Travel & Leisure companies is 0.51, based on 860 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. The Lottery's current Equity-to-Asset of 0.08 is 84.3% 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 The Lottery and its competitors. For the Travel & Leisure industry, the median Equity-to-Asset is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Lottery's current Equity-to-Asset is 0.08, which is 14% above median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Lottery stock overvalued right now?
Based on GuruFocus' analysis, The Lottery (ASX:TLC) is currently considered Fairly Valued. The stock's GF Value™ is A$5.25, compared to a current price of A$5.44 — trading 3.6% above its estimated fair value. The current Equity-to-Asset is 0.08, which is 14% above median its 10-year median of 0.07 and 84.3% below the Travel & Leisure industry median of 0.51. The Lottery's overall GF Score™ is 59/100 with 5 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 The Lottery (ASX:TLC), the current Equity-to-Asset is 0.08 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 The Lottery (ASX:TLC) Overvalued in 2026?
Based on GuruFocus' analysis, The Lottery stock appears to be overvalued.
The current stock price of A$5.44 is trading 3.6% above its estimated GF Value™ of A$5.25.
GuruFocus considers The Lottery to be Fairly Valued.
Key valuation signals for ASX:TLC:
Equity-to-Asset: 0.08 (14% above median its 10-year median of 0.07)
GF Value™: A$5.25 vs. price of A$5.44 (3.6% above fair value)
Industry Position: 84.3% below the Travel & Leisure median (#771 of 860)
No single metric tells the full story. See the ASX:TLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Lottery Corporation is Australia's largest provider of lottery, keno, and instant-scratch products, with long-dated and/or exclusive licenses for the lottery in all Australian states and territories except Western Australia, and in most states and territories for keno. Lottery Corp has a distribution network of more than 3,800 franchised retailers that sell instant-scratch and lottery products through vendors such as newsstands, gas stations, pharmacies, and convenience stores, as well as online sales. Keno is sold in over 3,400 bars and clubs.
59GF Score
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