Public Power (ATH:PPC) Equity-to-Asset: 0.18 (As of Dec. 2025) — 22% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

ATH:PPC Public Power Corp SA ATH:PPC
74 GF Score
Price €22.30
GF Value €15.32
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Public Power Equity-to-Asset?

Public Power ATH:PPC -2.19% 74 Equity-to-Asset is 0.18 as of Dec. 2025, which is 22% below its 10-year median of 0.23. GuruFocus rates ATH:PPC with a GF Score™ of 74/100 and a GF Value™ of €15.32 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 450 Utilities - Independent Power Producers companies, Public Power ranks worse than 85.56% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Public Power's Total Stockholders Equity for the quarter that ended in Dec. 2025 was €5,157 Mil. Public Power's Total Assets for the quarter that ended in Dec. 2025 was €28,461 Mil. Therefore, Public Power's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.18.

The historical rank and industry rank for Public Power's Equity-to-Asset or its related term are showing as below:

ATH:PPC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18   Med: 0.23   Max: 0.37
Current: 0.18

During the past 13 years, the highest Equity to Asset Ratio of Public Power was 0.37. The lowest was 0.18. And the median was 0.23.

ATH:PPC's Equity-to-Asset is ranked worse than
85.56% of 450 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.41 vs ATH:PPC: 0.18

Public Power  (ATH:PPC) 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%.


Public Power Equity-to-Asset Related Terms


Public Power Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Public Power'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.

Public Power Equity-to-Asset Chart

Public Power Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.21 0.19 0.19 0.18

Public Power Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.19 0.19 0.18 0.18

Public Power Equity-to-Asset Competitor Comparison

For the Utilities - Renewable subindustry, Public Power'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.


Public Power Equity-to-Asset vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Public Power's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Public Power's Equity-to-Asset falls into.


ATH:PPC
74GF Score
Public Power Corp SA ATH:PPC
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Public Power Equity-to-Asset Calculation

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.

Public Power's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=5156.913/28460.875
=0.18

Public Power's Equity to Asset Ratio for the quarter that ended in Dec. 2025 is calculated as

Equity to Asset (Q: Dec. 2025 )=Total Stockholders Equity/Total Assets
=5156.913/28460.875
=0.18

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.18 mean?
Public Power (ATH:PPC) has a Equity-to-Asset of 0.18 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Public Power and its competitors. This is 22% below median its historical median of 0.23. Over the past decade, Public Power's Equity-to-Asset has ranged from 0.18 to 0.37. According to the industry distribution chart, Public Power ranks #385 out of 450 companies in the Utilities - Independent Power Producers industry, placing it in the top 85.6%.
Is Public Power's Equity-to-Asset too high?
Public Power's current Equity-to-Asset of 0.18 is 22% below median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.37. The Utilities - Independent Power Producers industry median Equity-to-Asset is 0.41. Public Power's value of 0.18 is 56.1% below this industry median. Based on the distribution chart, Public Power ranks #385 out of 450 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Public Power has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Public Power's Equity-to-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Public Power ranks #385 out of 450 companies for Equity-to-Asset. This places Public Power in the lower half of its industry. The industry median Equity-to-Asset is 0.41. Public Power's value of 0.18 is 56.1% below this benchmark. Historically, Public Power's own Equity-to-Asset has ranged from 0.18 to 0.37 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.41, Public Power 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 an Utilities - Independent Power Producers company?
The median Equity-to-Asset among Utilities - Independent Power Producers companies is 0.41, based on 450 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. Public Power's current Equity-to-Asset of 0.18 is 56.1% 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 Public Power and its competitors. For the Utilities - Independent Power Producers industry, the median Equity-to-Asset is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Public Power's current Equity-to-Asset is 0.18, which is 22% below median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Public Power stock overvalued right now?
Based on GuruFocus' analysis, Public Power (ATH:PPC) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.32, compared to a current price of €22.30 — trading 45.6% above its estimated fair value. The current Equity-to-Asset is 0.18, which is 22% below median its 10-year median of 0.23 and 56.1% below the Utilities - Independent Power Producers industry median of 0.41. Public Power's overall GF Score™ is 74/100 with 10 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 Public Power (ATH:PPC), the current Equity-to-Asset is 0.18 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 Public Power (ATH:PPC) Overvalued in 2026?

Based on GuruFocus' analysis, Public Power stock appears to be overvalued. The current stock price of €22.30 is trading 45.6% above its estimated GF Value™ of €15.32. GuruFocus considers Public Power to be Significantly Overvalued.

Key valuation signals for ATH:PPC:

  • Equity-to-Asset: 0.18 (22% below median its 10-year median of 0.23)
  • GF Value™: €15.32 vs. price of €22.30 (45.6% above fair value)
  • GF Score™: 74/100 with 10 warning signs
  • Industry Position: 56.1% below the Utilities - Independent Power Producers median (#385 of 450)

No single metric tells the full story. See the ATH:PPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Public Power Business Description

Other Exchanges PUPOF:USA0MC5:UKPU8:Germany
Address 30, Chalkokondyli Street, Athens, GRC, 104 32
Public Power Corp SA is a public electric utility company with the Hellenic Republic as its main shareholder. The company is involved in generating, transmitting, and distributing electric energy. The company, along with its subsidiaries, operates a variety of power plants, including natural gas, coal, hydroelectric, wind, and solar plants. PPC majorly generates electricity from its thermal energy facilities. The company is divided into segments including Production/Supply, which includes production from lignite, oil, natural gas, and renewable energy sources, as well as lignite mining in support of production and supply activities in Greece and Romania. Other segments include the Distribution network and others.
74GF Score

Get the complete analysis for ATH:PPC

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€22.30
Price
€15.32
GF Value