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Vulcan SteelASX:VSL +2.22%54 Equity-to-Asset is 0.26 as of Dec. 2025, which is 37% above its 10-year median of 0.19. GuruFocus rates ASX:VSL with a GF Score™ of 54/100 and a GF Value™ of A$6.26 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 636 Steel companies, Vulcan Steel ranks worse than 88.05% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Vulcan Steel's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$244.0 Mil. Vulcan Steel's Total Assets for the quarter that ended in Dec. 2025 was A$937.7 Mil.
Therefore, Vulcan Steel's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.26.
The historical rank and industry rank for Vulcan Steel's Equity-to-Asset or its related term are showing as below:
ASX:VSL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.19 Max: 0.26
Current: 0.26
During the past 4 years, the highest Equity to Asset Ratio of Vulcan Steel was 0.26. The lowest was 0.17. And the median was 0.19.
ASX:VSL's Equity-to-Asset is ranked worse than 88.05% of 636
companies
in the Steel industry
Industry Median: 0.545
vs ASX:VSL: 0.26
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%.
Vulcan Steel Equity-to-Asset Related Terms
Vulcan Steel Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Vulcan Steel'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:VSL vs NUE, STLD, RS: Equity-to-Asset Comparison
For the Steel subindustry, Vulcan Steel'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.
Vulcan Steel Equity-to-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Vulcan Steel's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Vulcan Steel'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.
Vulcan Steel'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.
Vulcan Steel (ASX:VSL) has a Equity-to-Asset of 0.26 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Vulcan Steel and its competitors. This is 37% above median its historical median of 0.19. Over the past decade, Vulcan Steel's Equity-to-Asset has ranged from 0.17 to 0.26. According to the industry distribution chart, Vulcan Steel ranks #560 out of 636 companies in the Steel industry, placing it in the top 88.1%.
Is Vulcan Steel's Equity-to-Asset too high?
Vulcan Steel's current Equity-to-Asset of 0.26 is 37% above median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.26. The Steel industry median Equity-to-Asset is 0.55. Vulcan Steel's value of 0.26 is 52.3% below this industry median. Based on the distribution chart, Vulcan Steel ranks #560 out of 636 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Vulcan Steel has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's Equity-to-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Vulcan Steel ranks #560 out of 636 companies for Equity-to-Asset. This places Vulcan Steel in the lower half of its industry. The industry median Equity-to-Asset is 0.55. Vulcan Steel's value of 0.26 is 52.3% below this benchmark. Historically, Vulcan Steel's own Equity-to-Asset has ranged from 0.17 to 0.26 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.55, Vulcan Steel 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 Steel company?
The median Equity-to-Asset among Steel companies is 0.55, based on 636 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. Vulcan Steel's current Equity-to-Asset of 0.26 is 52.3% 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 Vulcan Steel and its competitors. For the Steel industry, the median Equity-to-Asset is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Steel's current Equity-to-Asset is 0.26, which is 37% above median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Steel stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Steel (ASX:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.26, compared to a current price of A$5.52 — trading 11.8% below its estimated fair value. The current Equity-to-Asset is 0.26, which is 37% above median its 10-year median of 0.19 and 52.3% below the Steel industry median of 0.55. Vulcan Steel's overall GF Score™ is 54/100 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 Vulcan Steel (ASX:VSL), the current Equity-to-Asset is 0.26 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 Vulcan Steel (ASX:VSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued.
The current stock price of A$5.52 is trading 11.8% below its estimated GF Value™ of A$6.26.
GuruFocus considers Vulcan Steel to be Modestly Undervalued.
Key valuation signals for ASX:VSL:
Equity-to-Asset: 0.26 (37% above median its 10-year median of 0.19)
GF Value™: A$6.26 vs. price of A$5.52 (11.8% below fair value)
Industry Position: 52.3% below the Steel median (#560 of 636)
No single metric tells the full story. See the ASX:VSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.
54GF Score
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