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.
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.
Finansia X PCLBKK:FSX -0.96%15 Equity-to-Asset is 0.49 as of Jun. 2026, which is at its 10-year median of 0.49. GuruFocus rates BKK:FSX with a GF Score™ of 15/100 and a GF Value™ of ฿0.82 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 813 Capital Markets companies, Finansia X PCL ranks worse than 50.8% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Finansia X PCL's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ฿3,461 Mil. Finansia X PCL's Total Assets for the quarter that ended in Jun. 2026 was ฿7,001 Mil.
Therefore, Finansia X PCL's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.49.
The historical rank and industry rank for Finansia X PCL's Equity-to-Asset or its related term are showing as below:
BKK:FSX'
s Equity-to-Asset Range Over the Past 10 Years
Min: -183.03 Med: 0.49 Max: 0.66
Current: 0.49
During the past 4 years, the highest Equity to Asset Ratio of Finansia X PCL was 0.66. The lowest was -183.03. And the median was 0.49.
BKK:FSX's Equity-to-Asset is ranked worse than 50.8% of 813
companies
in the Capital Markets industry
Industry Median: 0.5
vs BKK:FSX: 0.49
Finansia X PCL (BKK:FSX) 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%.
Finansia X PCL Equity-to-Asset Related Terms
Finansia X PCL Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Finansia X 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:FSX vs MS, GS, SCHW: Equity-to-Asset Comparison
For the Capital Markets subindustry, Finansia X 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.
Finansia X PCL Equity-to-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Finansia X PCL's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Finansia X 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.
Finansia X 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.
Finansia X PCL (BKK:FSX) has a Equity-to-Asset of 0.49 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Finansia X PCL and its competitors. This is near median its historical median of 0.49. According to the industry distribution chart, Finansia X PCL ranks #413 out of 813 companies in the Capital Markets industry, placing it in the top 50.8%.
Is Finansia X PCL's Equity-to-Asset too high?
Finansia X PCL's current Equity-to-Asset of 0.49 is near median its 10-year median of 0.49. The Capital Markets industry median Equity-to-Asset is 0.50. Finansia X PCL's value of 0.49 is 2% below this industry median. Based on the distribution chart, Finansia X PCL ranks #413 out of 813 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Finansia X PCL has a GF Score™ of 15/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Finansia X PCL's Equity-to-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Finansia X PCL ranks #413 out of 813 companies for Equity-to-Asset. This places Finansia X PCL in the lower half of its industry. The industry median Equity-to-Asset is 0.50. Finansia X PCL's value of 0.49 is 2% below this benchmark. While the company's 10-year median is 0.49 vs. the industry median of 0.50, Finansia X 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 813 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. Finansia X PCL's current Equity-to-Asset of 0.49 is 2% 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 Finansia X 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. Finansia X PCL's current Equity-to-Asset is 0.49, which is near median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finansia X PCL stock overvalued right now?
Based on GuruFocus' analysis, Finansia X PCL (BKK:FSX) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.82, compared to a current price of ฿1.03 — trading 25.6% above its estimated fair value. The current Equity-to-Asset is 0.49, which is near median its 10-year median of 0.49 and 2% below the Capital Markets industry median of 0.50. Finansia X PCL's overall GF Score™ is 15/100 with 3 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 Finansia X PCL (BKK:FSX), the current Equity-to-Asset is 0.49 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 Finansia X PCL (BKK:FSX) Overvalued in 2026?
Based on GuruFocus' analysis, Finansia X PCL stock appears to be overvalued.
The current stock price of ฿1.03 is trading 25.6% above its estimated GF Value™ of ฿0.82.
GuruFocus considers Finansia X PCL to be Modestly Overvalued.
Key valuation signals for BKK:FSX:
Equity-to-Asset: 0.49 (near median its 10-year median of 0.49)
GF Value™: ฿0.82 vs. price of ฿1.03 (25.6% above fair value)
Industry Position: 2% below the Capital Markets median (#413 of 813)
No single metric tells the full story. See the BKK:FSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finansia X PCL is engaged in investing in or participating in any trading business or businesses, as a shareholder in other limited companies and public limited companies. Its core business is the securities business. Its segments include Securities and derivatives brokerage segment which provide services according to securities brokering, derivative brokering and securities borrowing and lending, Investment banking segment, which provide services according to underwriting, investment advisory and financial advisory, and Proprietary trading segment, which provide services according to investment. The majority of the revenue is derived from Securities and derivatives brokerage segment. The company is operated in only Thailand.
15GF Score
Get the complete analysis for BKK:FSX
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:FSX has been successfully added to your 
