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Thorney OpportunitiesASX:TOP +1.83%36 Equity-to-Asset is 0.87 as of Dec. 2025, which is 5% below its 10-year median of 0.92. GuruFocus rates ASX:TOP with a GF Score™ of 36/100 and a GF Value™ of A$0.96 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,632 Asset Management companies, Thorney Opportunities ranks better than 56.37% on this metric.
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%.
Thorney Opportunities Equity-to-Asset Related Terms
Thorney Opportunities Equity-to-Asset Historical Data
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The historical data trend for Thorney Opportunities'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:TOP vs BLK, BX, KKR: Equity-to-Asset Comparison
For the Asset Management subindustry, Thorney Opportunities'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.
Thorney Opportunities Equity-to-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Thorney Opportunities's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Thorney Opportunities'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.
Thorney Opportunities'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.
Thorney Opportunities (ASX:TOP) has a Equity-to-Asset of 0.87 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Thorney Opportunities and its competitors. This is near median its historical median of 0.92. Over the past decade, Thorney Opportunities' Equity-to-Asset has ranged from 0.86 to 0.99. According to the industry distribution chart, Thorney Opportunities ranks #712 out of 1632 companies in the Asset Management industry, placing it in the top 43.6%.
Is Thorney Opportunities' Equity-to-Asset too high?
Thorney Opportunities' current Equity-to-Asset of 0.87 is near median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 0.99. The Asset Management industry median Equity-to-Asset is 0.83. Thorney Opportunities' value of 0.87 is 4.8% above this industry median. Based on the distribution chart, Thorney Opportunities ranks #712 out of 1632 companies in the Asset Management industry, which is above the industry midpoint. Overall, Thorney Opportunities has a GF Score™ of 36/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thorney Opportunities' Equity-to-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Thorney Opportunities ranks #712 out of 1632 companies for Equity-to-Asset. This puts Thorney Opportunities in the upper half of its industry. The industry median Equity-to-Asset is 0.83. Thorney Opportunities' value of 0.87 is 4.8% above this benchmark. Historically, Thorney Opportunities' own Equity-to-Asset has ranged from 0.86 to 0.99 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.83, Thorney Opportunities 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 1,632 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. Thorney Opportunities's current Equity-to-Asset of 0.87 is 4.8% 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 Thorney Opportunities 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. Thorney Opportunities's current Equity-to-Asset is 0.87, which is near median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thorney Opportunities stock overvalued right now?
Based on GuruFocus' analysis, Thorney Opportunities (ASX:TOP) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.96, compared to a current price of A$0.56 — trading 42.2% below its estimated fair value. The current Equity-to-Asset is 0.87, which is near median its 10-year median of 0.92 and 4.8% above the Asset Management industry median of 0.83. Thorney Opportunities' overall GF Score™ is 36/100 with 1 warning sign 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 Thorney Opportunities (ASX:TOP), the current Equity-to-Asset is 0.87 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 Thorney Opportunities (ASX:TOP) Overvalued in 2026?
Based on GuruFocus' analysis, Thorney Opportunities stock appears to be undervalued.
The current stock price of A$0.56 is trading 42.2% below its estimated GF Value™ of A$0.96.
GuruFocus considers Thorney Opportunities to be Significantly Undervalued.
Key valuation signals for ASX:TOP:
Equity-to-Asset: 0.87 (near median its 10-year median of 0.92)
GF Value™: A$0.96 vs. price of A$0.56 (42.2% below fair value)
Industry Position: 4.8% above the Asset Management median (#712 of 1632)
No single metric tells the full story. See the ASX:TOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thorney Opportunities Ltd is an investment company that concentrates on producing absolute returns for shareholders over the medium to long term. Its principal activity is making investments in listed and unlisted securities in a variety of sectors, including media, automotive, energy, and pharmaceutical.
36GF Score
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