ASN Broker PCLBKK:ASN-R 55 Equity-to-Asset is 0.56 as of Mar. 2026, which is 24% below its 10-year median of 0.74. GuruFocus rates BKK:ASN-R with a GF Score™ of 55/100 and a GF Value™ of ฿1.52. The stock has 4 warning signs investors should review. Among 505 Insurance companies, ASN Broker PCL ranks better than 86.73% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ASN Broker PCL's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ฿293.5 Mil. ASN Broker PCL's Total Assets for the quarter that ended in Mar. 2026 was ฿524.7 Mil.
Therefore, ASN Broker PCL's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.56.
The historical rank and industry rank for ASN Broker PCL's Equity-to-Asset or its related term are showing as below:
BKK:ASN-R'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51 Med: 0.74 Max: 0.89
Current: 0.56
During the past 11 years, the highest Equity to Asset Ratio of ASN Broker PCL was 0.89. The lowest was 0.51. And the median was 0.74.
BKK:ASN-R's Equity-to-Asset is ranked better than 86.73% of 505
companies
in the Insurance industry
Industry Median: 0.26
vs BKK:ASN-R: 0.56
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%.
ASN Broker PCL Equity-to-Asset Related Terms
ASN Broker PCL Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for ASN Broker PCL'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.
BKK:ASN-R vs MRSH, AON, AJG: Equity-to-Asset Comparison
For the Insurance Brokers subindustry, ASN Broker PCL'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.
ASN Broker PCL Equity-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, ASN Broker PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where ASN Broker PCL'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.
ASN Broker PCL's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
ASN Broker PCL (BKK:ASN-R) has a Equity-to-Asset of 0.56 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on ASN Broker PCL and its competitors. This is 24% below median its historical median of 0.74. Over the past decade, ASN Broker PCL's Equity-to-Asset has ranged from 0.51 to 0.89. According to the industry distribution chart, ASN Broker PCL ranks #67 out of 505 companies in the Insurance industry, placing it in the top 13.3%.
Is ASN Broker PCL's Equity-to-Asset too high?
ASN Broker PCL's current Equity-to-Asset of 0.56 is 24% below median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 0.89. The Insurance industry median Equity-to-Asset is 0.26. ASN Broker PCL's value of 0.56 is 115.4% above this industry median. Based on the distribution chart, ASN Broker PCL ranks #67 out of 505 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, ASN Broker PCL has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does ASN Broker PCL's Equity-to-Asset compare to MRSH and AON?
According to the Insurance industry distribution chart, ASN Broker PCL ranks #67 out of 505 companies for Equity-to-Asset. This places ASN Broker PCL in the top 13% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.26. ASN Broker PCL's value of 0.56 is 115.4% above this benchmark. Historically, ASN Broker PCL's own Equity-to-Asset has ranged from 0.51 to 0.89 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.26, ASN Broker PCL 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 Insurance company?
The median Equity-to-Asset among Insurance companies is 0.26, based on 505 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. ASN Broker PCL's current Equity-to-Asset of 0.56 is 115.4% 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 ASN Broker PCL and its competitors. For the Insurance industry, the median Equity-to-Asset is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASN Broker PCL's current Equity-to-Asset is 0.56, which is 24% below median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASN Broker PCL stock overvalued right now?
ASN Broker PCL (BKK:ASN-R) has a current Equity-to-Asset of 0.56. The stock's GF Value™ is ฿1.52, compared to a current price of ฿0.68 — trading 55.3% below its estimated fair value. The current Equity-to-Asset is 0.56, which is 24% below median its 10-year median of 0.74 and 115.4% above the Insurance industry median of 0.26. ASN Broker PCL's overall GF Score™ is 55/100 with 4 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 ASN Broker PCL (BKK:ASN-R), the current Equity-to-Asset is 0.56 as of Mar. 2026. 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 ASN Broker PCL (BKK:ASN-R) Overvalued in 2026?
Based on GuruFocus' analysis, ASN Broker PCL stock appears to be undervalued.
The current stock price of ฿0.68 is trading 55.3% below its estimated GF Value™ of ฿1.52.
Key valuation signals for BKK:ASN-R:
Equity-to-Asset: 0.56 (24% below median its 10-year median of 0.74)
GF Value™: ฿1.52 vs. price of ฿0.68 (55.3% below fair value)
Industry Position: 115.4% above the Insurance median (#67 of 505)
No single metric tells the full story. See the BKK:ASN-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASN Broker PCL is a Thailand-based company operating as a direct non-life insurance broker, mainly focusing on selling automobile insurance products. It has also expanded into the personal loan, title loan, and hire purchase business under the name ASN Finance. The Group's reportable segments are: Insurance Broker, Peer-to-peer lending platform, and Loan. Maximum revenue is generated from the Insurance Broker segment, which includes non-life insurance brokers and life insurance broker services. The Loan segment includes lending services through title loans and hire purchase. The Group is managed and operates principally in Thailand.
55GF Score
Get the complete analysis for BKK:ASN-R
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:ASN-R has been successfully added to your 
