Titas Gas Transmission and Distribution (DHA:TITASGAS) Equity-to-Asset: 0.21 (As of Mar. 2026) — 46% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

DHA:TITASGAS Titas Gas Transmission and Distribution PLC DHA:TITASGAS
73 GF Score
Price BDT20.50
GF Value BDT23.86
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Titas Gas Transmission and Distribution Equity-to-Asset?

Titas Gas Transmission and Distribution DHA:TITASGAS 73 Equity-to-Asset is 0.21 as of Mar. 2026, which is 46% below its 10-year median of 0.39. GuruFocus rates DHA:TITASGAS with a GF Score™ of 73/100 and a GF Value™ of BDT23.86 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 508 Utilities - Regulated companies, Titas Gas Transmission and Distribution ranks worse than 86.22% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Titas Gas Transmission and Distribution's Total Stockholders Equity for the quarter that ended in Mar. 2026 was BDT82,816 Mil. Titas Gas Transmission and Distribution's Total Assets for the quarter that ended in Mar. 2026 was BDT387,555 Mil. Therefore, Titas Gas Transmission and Distribution's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.21.

The historical rank and industry rank for Titas Gas Transmission and Distribution's Equity-to-Asset or its related term are showing as below:

DHA:TITASGAS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21   Med: 0.39   Max: 0.55
Current: 0.21

During the past 13 years, the highest Equity to Asset Ratio of Titas Gas Transmission and Distribution was 0.55. The lowest was 0.21. And the median was 0.39.

DHA:TITASGAS's Equity-to-Asset is ranked worse than
86.22% of 508 companies
in the Utilities - Regulated industry
Industry Median: 0.365 vs DHA:TITASGAS: 0.21

Titas Gas Transmission and Distribution  (DHA:TITASGAS) 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%.


Titas Gas Transmission and Distribution Equity-to-Asset Related Terms


Titas Gas Transmission and Distribution Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Titas Gas Transmission and Distribution'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.

Titas Gas Transmission and Distribution Equity-to-Asset Chart

Titas Gas Transmission and Distribution Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.39 0.29 0.28 0.23

Titas Gas Transmission and Distribution Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.23 0.22 0.22 0.21

DHA:TITASGAS vs ATO, NI, UGI: Equity-to-Asset Comparison

For the Utilities - Regulated Gas subindustry, Titas Gas Transmission and Distribution'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.


Titas Gas Transmission and Distribution Equity-to-Asset vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Titas Gas Transmission and Distribution's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Titas Gas Transmission and Distribution's Equity-to-Asset falls into.


DHA:TITASGAS
73GF Score
Titas Gas Transmission and Distribution PLC DHA:TITASGAS
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Titas Gas Transmission and Distribution 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.

Titas Gas Transmission and Distribution's Equity to Asset Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Equity to Asset (A: Jun. 2025 )=Total Stockholders Equity/Total Assets
=89156.008/382069.364
=0.23

Titas Gas Transmission and Distribution's Equity to Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

Equity to Asset (Q: Mar. 2026 )=Total Stockholders Equity/Total Assets
=82816.17/387555.401
=0.21

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.21 mean?
Titas Gas Transmission and Distribution (DHA:TITASGAS) has a Equity-to-Asset of 0.21 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Titas Gas Transmission and Distribution and its competitors. This is 46% below median its historical median of 0.39. Over the past decade, Titas Gas Transmission and Distribution's Equity-to-Asset has ranged from 0.21 to 0.55. According to the industry distribution chart, Titas Gas Transmission and Distribution ranks #438 out of 508 companies in the Utilities - Regulated industry, placing it in the top 86.2%.
Is Titas Gas Transmission and Distribution's Equity-to-Asset too high?
Titas Gas Transmission and Distribution's current Equity-to-Asset of 0.21 is 46% below median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.55. The Utilities - Regulated industry median Equity-to-Asset is 0.37. Titas Gas Transmission and Distribution's value of 0.21 is 42.5% below this industry median. Based on the distribution chart, Titas Gas Transmission and Distribution ranks #438 out of 508 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Titas Gas Transmission and Distribution has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Titas Gas Transmission and Distribution's Equity-to-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Titas Gas Transmission and Distribution ranks #438 out of 508 companies for Equity-to-Asset. This places Titas Gas Transmission and Distribution in the lower half of its industry. The industry median Equity-to-Asset is 0.37. Titas Gas Transmission and Distribution's value of 0.21 is 42.5% below this benchmark. Historically, Titas Gas Transmission and Distribution's own Equity-to-Asset has ranged from 0.21 to 0.55 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.37, Titas Gas Transmission and Distribution 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 0.37, based on 508 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. Titas Gas Transmission and Distribution's current Equity-to-Asset of 0.21 is 42.5% 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 Titas Gas Transmission and Distribution and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Titas Gas Transmission and Distribution's current Equity-to-Asset is 0.21, which is 46% below median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Titas Gas Transmission and Distribution stock overvalued right now?
Based on GuruFocus' analysis, Titas Gas Transmission and Distribution (DHA:TITASGAS) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT23.86, compared to a current price of BDT20.50 — trading 14.1% below its estimated fair value. The current Equity-to-Asset is 0.21, which is 46% below median its 10-year median of 0.39 and 42.5% below the Utilities - Regulated industry median of 0.37. Titas Gas Transmission and Distribution's overall GF Score™ is 73/100 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 Titas Gas Transmission and Distribution (DHA:TITASGAS), the current Equity-to-Asset is 0.21 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 Titas Gas Transmission and Distribution (DHA:TITASGAS) Overvalued in 2026?

Based on GuruFocus' analysis, Titas Gas Transmission and Distribution stock appears to be undervalued. The current stock price of BDT20.50 is trading 14.1% below its estimated GF Value™ of BDT23.86. GuruFocus considers Titas Gas Transmission and Distribution to be Modestly Undervalued.

Key valuation signals for DHA:TITASGAS:

  • Equity-to-Asset: 0.21 (46% below median its 10-year median of 0.39)
  • GF Value™: BDT23.86 vs. price of BDT20.50 (14.1% below fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 42.5% below the Utilities - Regulated median (#438 of 508)

No single metric tells the full story. See the DHA:TITASGAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Titas Gas Transmission and Distribution Business Description

Address 105, Kazi Nazrul Islam Avenue, Titas Gas Bhaban, Kawran Bazar Commerial Area, Dhaka, BGD, 1215
Titas Gas Transmission and Distribution PLC is principally engaged in the business of natural gas distribution. The company aims to transmit natural gas from the gas fields to different areas to distribute the same to the consumers in power, fertilizer, industrial, commercial, captive power, feed gas for CNG, and domestic categories within its franchise areas, viz. greater Dhaka & Mymensingh districts. The company supplies gas to power stations, fertilizer factories, industries, commercial users, captive power plants, compressed natural gas stations, and households through an extensive pipeline network.
73GF Score

Get the complete analysis for DHA:TITASGAS

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT20.50
Price
BDT23.86
GF Value