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Tungsten WestFRA:540 +3.05%28 Equity-to-Asset is 0.81 as of Mar. 2026, which is 76% above its 10-year median of 0.46. GuruFocus rates FRA:540 with a GF Score™ of 28/100 and a GF Value™ of €0.04 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,677 Metals & Mining companies, Tungsten West ranks better than 50.99% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tungsten West's Total Stockholders Equity for the quarter that ended in Mar. 2026 was €67.20 Mil. Tungsten West's Total Assets for the quarter that ended in Mar. 2026 was €83.27 Mil.
Therefore, Tungsten West's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.81.
The historical rank and industry rank for Tungsten West's Equity-to-Asset or its related term are showing as below:
FRA:540'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.14 Med: 0.46 Max: 0.81
Current: 0.81
During the past 7 years, the highest Equity to Asset Ratio of Tungsten West was 0.81. The lowest was -0.14. And the median was 0.46.
FRA:540's Equity-to-Asset is ranked better than 50.99% of 2677
companies
in the Metals & Mining industry
Industry Median: 0.81
vs FRA:540: 0.81
Tungsten West (FRA:540) 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%.
Tungsten West Equity-to-Asset Related Terms
Tungsten West Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Tungsten West'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.
Tungsten West Equity-to-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Tungsten West'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.
Tungsten West Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Tungsten West's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Tungsten West'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.
Tungsten West's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 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.
Tungsten West (FRA:540) has a Equity-to-Asset of 0.81 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Tungsten West and its competitors. This is 76% above median its historical median of 0.46. According to the industry distribution chart, Tungsten West ranks #1312 out of 2677 companies in the Metals & Mining industry, placing it in the top 49%.
Is Tungsten West's Equity-to-Asset too high?
Tungsten West's current Equity-to-Asset of 0.81 is 76% above median its 10-year median of 0.46. The Metals & Mining industry median Equity-to-Asset is 0.81. Tungsten West's value of 0.81 is 0% at this industry median. Based on the distribution chart, Tungsten West ranks #1312 out of 2677 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Tungsten West has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tungsten West's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Tungsten West ranks #1312 out of 2677 companies for Equity-to-Asset. This puts Tungsten West in the upper half of its industry. The industry median Equity-to-Asset is 0.81. Tungsten West's value of 0.81 is 0% at this benchmark. While the company's 10-year median is 0.46 vs. the industry median of 0.81, Tungsten West has consistently been at 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 Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.81, based on 2,677 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. Tungsten West's current Equity-to-Asset of 0.81 is 0% at 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 Tungsten West and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tungsten West's current Equity-to-Asset is 0.81, which is 76% above median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tungsten West stock overvalued right now?
Based on GuruFocus' analysis, Tungsten West (FRA:540) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.04, compared to a current price of €0.61 — trading 1420% above its estimated fair value. The current Equity-to-Asset is 0.81, which is 76% above median its 10-year median of 0.46 and 0% at the Metals & Mining industry median of 0.81. Tungsten West's overall GF Score™ is 28/100 with 6 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 Tungsten West (FRA:540), the current Equity-to-Asset is 0.81 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 Tungsten West (FRA:540) Overvalued in 2026?
Based on GuruFocus' analysis, Tungsten West stock appears to be overvalued.
The current stock price of €0.61 is trading 1420% above its estimated GF Value™ of €0.04.
GuruFocus considers Tungsten West to be Significantly Overvalued.
Key valuation signals for FRA:540:
Equity-to-Asset: 0.81 (76% above median its 10-year median of 0.46)
GF Value™: €0.04 vs. price of €0.61 (1420% above fair value)
Industry Position: 0% at the Metals & Mining median (#1312 of 2677)
No single metric tells the full story. See the FRA:540 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tungsten West PLC is a mining exploration company. It is engaged in the mining of tungsten and tin and the processing of secondary aggregates at the Hemerdon Mine, located near Plymouth in southern Devon, United Kingdom.
28GF Score
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