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China Resources Gas GroupCGASY 70 Equity-to-Asset is 0.32 as of Dec. 2025, which is 3% below its 10-year median of 0.33. GuruFocus rates CGASY with a GF Score™ of 70/100 and a GF Value™ of $29.34 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 507 Utilities - Regulated companies, China Resources Gas Group ranks worse than 59.96% on this metric.
China Resources Gas Group (OTCPK:CGASY) 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%.
China Resources Gas Group Equity-to-Asset Related Terms
China Resources Gas Group 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.
For the Utilities - Regulated Gas subindustry, China Resources Gas Group'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.
China Resources Gas Group Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, China Resources Gas Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where China Resources Gas Group's Equity-to-Asset falls into.
China Resources Gas Group 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.
China Resources Gas Group'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.
China Resources Gas Group (CGASY) has a Equity-to-Asset of 0.32 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on China Resources Gas Group and its competitors. This is near median its historical median of 0.33. Over the past decade, China Resources Gas Group's Equity-to-Asset has ranged from 0.30 to 0.39. According to the industry distribution chart, China Resources Gas Group ranks #304 out of 507 companies in the Utilities - Regulated industry, placing it in the top 60%.
Is China Resources Gas Group's Equity-to-Asset too high?
China Resources Gas Group's current Equity-to-Asset of 0.32 is near median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.39. The Utilities - Regulated industry median Equity-to-Asset is 0.36. China Resources Gas Group's value of 0.32 is 11.1% below this industry median. Based on the distribution chart, China Resources Gas Group ranks #304 out of 507 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, China Resources Gas Group has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Resources Gas Group's Equity-to-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, China Resources Gas Group ranks #304 out of 507 companies for Equity-to-Asset. This places China Resources Gas Group in the lower half of its industry. The industry median Equity-to-Asset is 0.36. China Resources Gas Group's value of 0.32 is 11.1% below this benchmark. Historically, China Resources Gas Group's own Equity-to-Asset has ranged from 0.30 to 0.39 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.36, China Resources Gas Group 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 - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 507 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. China Resources Gas Group's current Equity-to-Asset of 0.32 is 11.1% 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 China Resources Gas Group and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Gas Group's current Equity-to-Asset is 0.32, which is near median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Gas Group stock overvalued right now?
Based on GuruFocus' analysis, China Resources Gas Group (CGASY) is currently considered Possible Value Trap. The stock's GF Value™ is $29.34, compared to a current price of $19.68 — trading 32.9% below its estimated fair value. The current Equity-to-Asset is 0.32, which is near median its 10-year median of 0.33 and 11.1% below the Utilities - Regulated industry median of 0.36. China Resources Gas Group's overall GF Score™ is 70/100 with 7 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 China Resources Gas Group (CGASY), the current Equity-to-Asset is 0.32 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 China Resources Gas Group (CGASY) Overvalued in 2026?
Based on GuruFocus' analysis, China Resources Gas Group stock appears to be undervalued.
The current stock price of $19.68 is trading 32.9% below its estimated GF Value™ of $29.34.
GuruFocus considers China Resources Gas Group to be Possible Value Trap.
Key valuation signals for CGASY:
Equity-to-Asset: 0.32 (near median its 10-year median of 0.33)
GF Value™: $29.34 vs. price of $19.68 (32.9% below fair value)
Industry Position: 11.1% below the Utilities - Regulated median (#304 of 507)
No single metric tells the full story. See the CGASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2025, CRG's portfolio comprised 275 city gas projects in China. The firm achieved annual gas sales volume of 40.2 billion cubic meters and has connected 62.7 million residential customers.
70GF Score
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