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Boyd GamingBYD -1.85%89 Equity-to-Asset is 0.37 as of Jun. 2026, which is 61% above its 10-year median of 0.23. GuruFocus rates BYD with a GF Score™ of 89/100 and a GF Value™ of $91.40 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 851 Travel & Leisure companies, Boyd Gaming ranks worse than 65.33% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Boyd Gaming's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $2,501 Mil. Boyd Gaming's Total Assets for the quarter that ended in Jun. 2026 was $6,684 Mil.
Therefore, Boyd Gaming's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.37.
The historical rank and industry rank for Boyd Gaming's Equity-to-Asset or its related term are showing as below:
BYD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.23 Max: 0.41
Current: 0.37
During the past 13 years, the highest Equity to Asset Ratio of Boyd Gaming was 0.41. The lowest was 0.14. And the median was 0.23.
BYD's Equity-to-Asset is ranked worse than 65.33% of 851
companies
in the Travel & Leisure industry
Industry Median: 0.51
vs BYD: 0.37
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%.
Boyd Gaming Equity-to-Asset Related Terms
Boyd Gaming Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Boyd Gaming'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.
For the Resorts & Casinos subindustry, Boyd Gaming'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.
Boyd Gaming Equity-to-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Boyd Gaming'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.
Boyd Gaming'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.
Boyd Gaming (BYD) has a Equity-to-Asset of 0.37 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Boyd Gaming and its competitors. This is 61% above median its historical median of 0.23. Over the past decade, Boyd Gaming's Equity-to-Asset has ranged from 0.14 to 0.41. According to the industry distribution chart, Boyd Gaming ranks #556 out of 851 companies in the Travel & Leisure industry, placing it in the top 65.3%.
Is Boyd Gaming's Equity-to-Asset too high?
Boyd Gaming's current Equity-to-Asset of 0.37 is 61% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.41. The Travel & Leisure industry median Equity-to-Asset is 0.51. Boyd Gaming's value of 0.37 is 27.5% below this industry median. Based on the distribution chart, Boyd Gaming ranks #556 out of 851 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Boyd Gaming has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Boyd Gaming's Equity-to-Asset compare to CZR and MTN?
According to the Travel & Leisure industry distribution chart, Boyd Gaming ranks #556 out of 851 companies for Equity-to-Asset. This places Boyd Gaming in the lower half of its industry. The industry median Equity-to-Asset is 0.51. Boyd Gaming's value of 0.37 is 27.5% below this benchmark. Historically, Boyd Gaming's own Equity-to-Asset has ranged from 0.14 to 0.41 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.51, Boyd Gaming 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 Travel & Leisure company?
The median Equity-to-Asset among Travel & Leisure companies is 0.51, based on 851 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. Boyd Gaming's current Equity-to-Asset of 0.37 is 27.5% 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 Boyd Gaming and its competitors. For the Travel & Leisure industry, the median Equity-to-Asset is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boyd Gaming's current Equity-to-Asset is 0.37, which is 61% above 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 Boyd Gaming stock overvalued right now?
Based on GuruFocus' analysis, Boyd Gaming (BYD) is currently considered Modestly Undervalued. The stock's GF Value™ is $91.40, compared to a current price of $75.11 — trading 17.8% below its estimated fair value. The current Equity-to-Asset is 0.37, which is 61% above median its 10-year median of 0.23 and 27.5% below the Travel & Leisure industry median of 0.51. Boyd Gaming's overall GF Score™ is 89/100 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 Boyd Gaming (BYD), the current Equity-to-Asset is 0.37 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 Boyd Gaming (BYD) Overvalued in 2026?
Based on GuruFocus' analysis, Boyd Gaming stock appears to be undervalued.
The current stock price of $75.11 is trading 17.8% below its estimated GF Value™ of $91.40.
GuruFocus considers Boyd Gaming to be Modestly Undervalued.
Key valuation signals for BYD:
Equity-to-Asset: 0.37 (61% above median its 10-year median of 0.23)
GF Value™: $91.40 vs. price of $75.11 (17.8% below fair value)
Industry Position: 27.5% below the Travel & Leisure median (#556 of 851)
No single metric tells the full story. See the BYD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. The Midwest and South hold the key number of entertainment properties and generate the majority of the company's revenue.
89GF Score
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