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.
Daqo New EnergyDQ -2.95%70 Equity-to-Asset is 0.69 as of Jun. 2026, which is 11% above its 10-year median of 0.62. GuruFocus rates DQ with a GF Score™ of 70/100 and a GF Value™ of $9.70 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,035 Semiconductors companies, Daqo New Energy ranks better than 60% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Daqo New Energy's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $4,373.9 Mil. Daqo New Energy's Total Assets for the quarter that ended in Jun. 2026 was $6,341.1 Mil.
Therefore, Daqo New Energy's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.69.
The historical rank and industry rank for Daqo New Energy's Equity-to-Asset or its related term are showing as below:
DQ'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.62 Max: 0.69
Current: 0.69
During the past 13 years, the highest Equity to Asset Ratio of Daqo New Energy was 0.69. The lowest was 0.41. And the median was 0.62.
DQ's Equity-to-Asset is ranked better than 60% of 1035
companies
in the Semiconductors industry
Industry Median: 0.62
vs DQ: 0.69
Daqo New Energy (NYSE:DQ) 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%.
Daqo New Energy Equity-to-Asset Related Terms
Daqo New Energy Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Daqo New Energy'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.
DQ vs ASYS, PLAB, ATOM: Equity-to-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Daqo New Energy'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.
Daqo New Energy Equity-to-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Daqo New Energy's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Daqo New Energy'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.
Daqo New Energy'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.
Daqo New Energy (DQ) has a Equity-to-Asset of 0.69 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Daqo New Energy and its competitors. This is 11% above median its historical median of 0.62. Over the past decade, Daqo New Energy's Equity-to-Asset has ranged from 0.41 to 0.69. According to the industry distribution chart, Daqo New Energy ranks #414 out of 1035 companies in the Semiconductors industry, placing it in the top 40%.
Is Daqo New Energy's Equity-to-Asset too high?
Daqo New Energy's current Equity-to-Asset of 0.69 is 11% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.69. The Semiconductors industry median Equity-to-Asset is 0.62. Daqo New Energy's value of 0.69 is 11.3% above this industry median. Based on the distribution chart, Daqo New Energy ranks #414 out of 1035 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Daqo New Energy has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daqo New Energy's Equity-to-Asset compare to ASYS and PLAB?
According to the Semiconductors industry distribution chart, Daqo New Energy ranks #414 out of 1035 companies for Equity-to-Asset. This puts Daqo New Energy in the upper half of its industry. The industry median Equity-to-Asset is 0.62. Daqo New Energy's value of 0.69 is 11.3% above this benchmark. Historically, Daqo New Energy's own Equity-to-Asset has ranged from 0.41 to 0.69 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.62, Daqo New Energy has consistently been above 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 Semiconductors company?
The median Equity-to-Asset among Semiconductors companies is 0.62, based on 1,035 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. Daqo New Energy's current Equity-to-Asset of 0.69 is 11.3% above 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 Daqo New Energy and its competitors. For the Semiconductors industry, the median Equity-to-Asset is 0.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daqo New Energy's current Equity-to-Asset is 0.69, which is 11% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daqo New Energy stock overvalued right now?
Based on GuruFocus' analysis, Daqo New Energy (DQ) is currently considered Modestly Overvalued. The stock's GF Value™ is $9.70, compared to a current price of $12.50 — trading 28.9% above its estimated fair value. The current Equity-to-Asset is 0.69, which is 11% above median its 10-year median of 0.62 and 11.3% above the Semiconductors industry median of 0.62. Daqo New Energy's overall GF Score™ is 70/100 with 4 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 Daqo New Energy (DQ), the current Equity-to-Asset is 0.69 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 Daqo New Energy (DQ) Overvalued in 2026?
Based on GuruFocus' analysis, Daqo New Energy stock appears to be overvalued.
The current stock price of $12.50 is trading 28.9% above its estimated GF Value™ of $9.70.
GuruFocus considers Daqo New Energy to be Modestly Overvalued.
Key valuation signals for DQ:
Equity-to-Asset: 0.69 (11% above median its 10-year median of 0.62)
GF Value™: $9.70 vs. price of $12.50 (28.9% above fair value)
Industry Position: 11.3% above the Semiconductors median (#414 of 1035)
No single metric tells the full story. See the DQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daqo New Energy Corp is a polysilicon manufacturer based in China. The company manufactures and sells high-purity polysilicon to manufacturers who use it to make ingots, cells, and modules for solar power solutions. The polysilicon is packaged to meet crucible stacking, pulling, and solidification needs. All of the company's revenues come from the People's Republic of China.
70GF Score
Get the complete analysis for DQ
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
DQ has been successfully added to your 
