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Asia Plus Group Holdings PCLBKK:ASP +0.79%68 Equity-to-Asset is 0.35 as of Jun. 2026, which is 17% below its 10-year median of 0.42. GuruFocus rates BKK:ASP with a GF Score™ of 68/100 and a GF Value™ of ฿2.74 (Fairly Valued). The stock has 8 warning signs investors should review. Among 815 Capital Markets companies, Asia Plus Group Holdings PCL ranks worse than 63.19% on this metric.
Asia Plus Group Holdings PCL (BKK:ASP) 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%.
Asia Plus Group Holdings PCL Equity-to-Asset Related Terms
Asia Plus Group Holdings PCL Equity-to-Asset Historical Data
* 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.
Asia Plus Group Holdings PCL Equity-to-Asset Chart
BKK:ASP vs MS, GS, SCHW: Equity-to-Asset Comparison
For the Capital Markets subindustry, Asia Plus Group Holdings 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.
Asia Plus Group Holdings PCL Equity-to-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Asia Plus Group Holdings PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Asia Plus Group Holdings PCL's Equity-to-Asset falls into.
Asia Plus Group Holdings PCL 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.
Asia Plus Group Holdings 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.
Asia Plus Group Holdings PCL (BKK:ASP) has a Equity-to-Asset of 0.35 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Asia Plus Group Holdings PCL and its competitors. This is 17% below median its historical median of 0.42. Over the past decade, Asia Plus Group Holdings PCL's Equity-to-Asset has ranged from 0.29 to 0.75. According to the industry distribution chart, Asia Plus Group Holdings PCL ranks #515 out of 815 companies in the Capital Markets industry, placing it in the top 63.2%.
Is Asia Plus Group Holdings PCL's Equity-to-Asset too high?
Asia Plus Group Holdings PCL's current Equity-to-Asset of 0.35 is 17% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 0.75. The Capital Markets industry median Equity-to-Asset is 0.50. Asia Plus Group Holdings PCL's value of 0.35 is 30% below this industry median. Based on the distribution chart, Asia Plus Group Holdings PCL ranks #515 out of 815 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Asia Plus Group Holdings PCL has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Plus Group Holdings PCL's Equity-to-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Asia Plus Group Holdings PCL ranks #515 out of 815 companies for Equity-to-Asset. This places Asia Plus Group Holdings PCL in the lower half of its industry. The industry median Equity-to-Asset is 0.50. Asia Plus Group Holdings PCL's value of 0.35 is 30% below this benchmark. Historically, Asia Plus Group Holdings PCL's own Equity-to-Asset has ranged from 0.29 to 0.75 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 0.50, Asia Plus Group Holdings PCL 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 Capital Markets company?
The median Equity-to-Asset among Capital Markets companies is 0.50, based on 815 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. Asia Plus Group Holdings PCL's current Equity-to-Asset of 0.35 is 30% 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 Asia Plus Group Holdings PCL and its competitors. For the Capital Markets industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Plus Group Holdings PCL's current Equity-to-Asset is 0.35, which is 17% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Plus Group Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Plus Group Holdings PCL (BKK:ASP) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.74, compared to a current price of ฿2.56 — trading 6.6% below its estimated fair value. The current Equity-to-Asset is 0.35, which is 17% below median its 10-year median of 0.42 and 30% below the Capital Markets industry median of 0.50. Asia Plus Group Holdings PCL's overall GF Score™ is 68/100 with 8 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 Asia Plus Group Holdings PCL (BKK:ASP), the current Equity-to-Asset is 0.35 as of Jun. 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 Asia Plus Group Holdings PCL (BKK:ASP) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Plus Group Holdings PCL stock appears to be undervalued.
The current stock price of ฿2.56 is trading 6.6% below its estimated GF Value™ of ฿2.74.
GuruFocus considers Asia Plus Group Holdings PCL to be Fairly Valued.
Key valuation signals for BKK:ASP:
Equity-to-Asset: 0.35 (17% below median its 10-year median of 0.42)
GF Value™: ฿2.74 vs. price of ฿2.56 (6.6% below fair value)
Industry Position: 30% below the Capital Markets median (#515 of 815)
No single metric tells the full story. See the BKK:ASP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Plus Group Holdings PCL is a Thailand-based company engaged in investing. It is involved in the business activities of securities brokerage, securities trading, investment advisory, underwriting, securities borrowing and lending, private fund management, mutual fund management, and venture capital management. All the business operations of the company are principally carried out in Thailand. The operating segments of the group are Securities and derivatives brokerage, Investment banking, Fund Management, Investment trading, and others. It generates the majority of its revenue from the Fund Management segment.
68GF Score
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