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Leonardo SpAFINMF +3.04%68 Equity-to-Asset is 0.26 as of Jun. 2026, which is 13% above its 10-year median of 0.23. GuruFocus rates FINMF with a GF Score™ of 68/100 and a GF Value™ of $42.60 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 362 Aerospace & Defense companies, Leonardo SpA ranks worse than 80.11% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Leonardo SpA's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $11,141 Mil. Leonardo SpA's Total Assets for the quarter that ended in Jun. 2026 was $42,697 Mil.
Therefore, Leonardo SpA's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.26.
The historical rank and industry rank for Leonardo SpA's Equity-to-Asset or its related term are showing as below:
FINMF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.23 Max: 0.29
Current: 0.26
During the past 13 years, the highest Equity to Asset Ratio of Leonardo SpA was 0.29. The lowest was 0.17. And the median was 0.23.
FINMF's Equity-to-Asset is ranked worse than 80.11% of 362
companies
in the Aerospace & Defense industry
Industry Median: 0.51
vs FINMF: 0.26
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%.
Leonardo SpA Equity-to-Asset Related Terms
Leonardo SpA Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Leonardo SpA'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.
FINMF vs SPCX, GE, RTX: Equity-to-Asset Comparison
For the Aerospace & Defense subindustry, Leonardo SpA'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.
Leonardo SpA Equity-to-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Leonardo SpA'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.
Leonardo SpA'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.
Leonardo SpA (FINMF) has a Equity-to-Asset of 0.26 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Leonardo SpA and its competitors. This is 13% above median its historical median of 0.23. Over the past decade, Leonardo SpA's Equity-to-Asset has ranged from 0.17 to 0.29. According to the industry distribution chart, Leonardo SpA ranks #290 out of 362 companies in the Aerospace & Defense industry, placing it in the top 80.1%.
Is Leonardo SpA's Equity-to-Asset too high?
Leonardo SpA's current Equity-to-Asset of 0.26 is 13% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.29. The Aerospace & Defense industry median Equity-to-Asset is 0.51. Leonardo SpA's value of 0.26 is 49% below this industry median. Based on the distribution chart, Leonardo SpA ranks #290 out of 362 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Leonardo SpA has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leonardo SpA's Equity-to-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Leonardo SpA ranks #290 out of 362 companies for Equity-to-Asset. This places Leonardo SpA in the lower half of its industry. The industry median Equity-to-Asset is 0.51. Leonardo SpA's value of 0.26 is 49% below this benchmark. Historically, Leonardo SpA's own Equity-to-Asset has ranged from 0.17 to 0.29 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.51, Leonardo SpA 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 Aerospace & Defense company?
The median Equity-to-Asset among Aerospace & Defense companies is 0.51, based on 362 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. Leonardo SpA's current Equity-to-Asset of 0.26 is 49% 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 Leonardo SpA and its competitors. For the Aerospace & Defense 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. Leonardo SpA's current Equity-to-Asset is 0.26, which is 13% 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 Leonardo SpA stock overvalued right now?
Based on GuruFocus' analysis, Leonardo SpA (FINMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $42.60, compared to a current price of $66.05 — trading 55.1% above its estimated fair value. The current Equity-to-Asset is 0.26, which is 13% above median its 10-year median of 0.23 and 49% below the Aerospace & Defense industry median of 0.51. Leonardo SpA's overall GF Score™ is 68/100 with 2 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 Leonardo SpA (FINMF), the current Equity-to-Asset is 0.26 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 Leonardo SpA (FINMF) Overvalued in 2026?
Based on GuruFocus' analysis, Leonardo SpA stock appears to be overvalued.
The current stock price of $66.05 is trading 55.1% above its estimated GF Value™ of $42.60.
GuruFocus considers Leonardo SpA to be Significantly Overvalued.
Key valuation signals for FINMF:
Equity-to-Asset: 0.26 (13% above median its 10-year median of 0.23)
GF Value™: $42.60 vs. price of $66.05 (55.1% above fair value)
Industry Position: 49% below the Aerospace & Defense median (#290 of 362)
No single metric tells the full story. See the FINMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leonardo is a leading European security firm, with 30.2% of shares owned by the Italian government. Divisions include helicopters, defence electronics & security, aeronautics, cyber & security solutions, and space.The helicopter division serves both military and civil markets. Defence electronics & security accesses the US market through the Leonardo DRS subsidiary. Aeronautics integrates aircraft and aerostructures, participating in major programs like Eurofighter, F-35, and the Global Combat Air Programme, or GCAP. It also supplies large structural components to major commercial aircraft programs. Leonardo is currently evolving from a defense firm into a data-driven global security company.
68GF Score
Get the complete analysis for FINMF
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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