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.
AdageneFRA:978 42 Equity-to-Asset is 0.67 as of Jun. 2026, which is 18% above its 10-year median of 0.57. GuruFocus rates FRA:978 with a GF Score™ of 42/100 and a GF Value™ of €15.68. The stock has 3 warning signs investors should review. Among 1,414 Biotechnology companies, Adagene ranks worse than 50.28% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Adagene's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €77.65 Mil. Adagene's Total Assets for the quarter that ended in Jun. 2026 was €115.94 Mil.
Therefore, Adagene's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.67.
The historical rank and industry rank for Adagene's Equity-to-Asset or its related term are showing as below:
FRA:978'
s Equity-to-Asset Range Over the Past 10 Years
Min: -1.06 Med: 0.57 Max: 0.86
Current: 0.67
During the past 8 years, the highest Equity to Asset Ratio of Adagene was 0.86. The lowest was -1.06. And the median was 0.57.
FRA:978's Equity-to-Asset is ranked worse than 50.28% of 1414
companies
in the Biotechnology industry
Industry Median: 0.68
vs FRA:978: 0.67
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%.
Adagene Equity-to-Asset Related Terms
Adagene Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Adagene'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.
FRA:978 vs NGEN, NMRA, RNA: Equity-to-Asset Comparison
For the Biotechnology subindustry, Adagene'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.
Adagene Equity-to-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Adagene's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Adagene'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.
Adagene'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.
Adagene (FRA:978) has a Equity-to-Asset of 0.67 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Adagene and its competitors. This is 18% above median its historical median of 0.57. According to the industry distribution chart, Adagene ranks #711 out of 1414 companies in the Biotechnology industry, placing it in the top 50.3%.
Is Adagene's Equity-to-Asset too high?
Adagene's current Equity-to-Asset of 0.67 is 18% above median its 10-year median of 0.57. The Biotechnology industry median Equity-to-Asset is 0.68. Adagene's value of 0.67 is 1.5% below this industry median. Based on the distribution chart, Adagene ranks #711 out of 1414 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Adagene has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Adagene's Equity-to-Asset compare to NGEN and NMRA?
According to the Biotechnology industry distribution chart, Adagene ranks #711 out of 1414 companies for Equity-to-Asset. This places Adagene in the lower half of its industry. The industry median Equity-to-Asset is 0.68. Adagene's value of 0.67 is 1.5% below this benchmark. While the company's 10-year median is 0.57 vs. the industry median of 0.68, Adagene 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 a Biotechnology company?
The median Equity-to-Asset among Biotechnology companies is 0.68, based on 1,414 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. Adagene's current Equity-to-Asset of 0.67 is 1.5% 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 Adagene and its competitors. For the Biotechnology industry, the median Equity-to-Asset is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adagene's current Equity-to-Asset is 0.67, which is 18% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adagene stock overvalued right now?
Adagene (FRA:978) has a current Equity-to-Asset of 0.67. The stock's GF Value™ is €15.68, compared to a current price of €3.02 — trading 80.7% below its estimated fair value. The current Equity-to-Asset is 0.67, which is 18% above median its 10-year median of 0.57 and 1.5% below the Biotechnology industry median of 0.68. Adagene's overall GF Score™ is 42/100 with 3 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 Adagene (FRA:978), the current Equity-to-Asset is 0.67 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 Adagene (FRA:978) Overvalued in 2026?
Based on GuruFocus' analysis, Adagene stock appears to be undervalued.
The current stock price of €3.02 is trading 80.7% below its estimated GF Value™ of €15.68.
Key valuation signals for FRA:978:
Equity-to-Asset: 0.67 (18% above median its 10-year median of 0.57)
GF Value™: €15.68 vs. price of €3.02 (80.7% below fair value)
Industry Position: 1.5% below the Biotechnology median (#711 of 1414)
No single metric tells the full story. See the FRA:978 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adagene Inc is a platform-driven, clinical-stage biotechnology company focused on the discovery and development of novel antibody-based cancer immunotherapies. The Company leverages computational biology to design and develop novel antibodies. Powered by its Dynamic Precision Library (DPL) platform, which fuels its NEObody, SAFEbody, and POWERbody technologies, it is developing a pipeline of immunotherapies. Its candidate, ADG126 (muzastotug), an anti-CTLA-4 SAFEbody, is in phase 1b/2 and phase 2 clinical development for metastatic microsatellite-stable colorectal cancer. Its clinical-stage products include ADG126 and ADG116, investigational fully human anti-CTLA-4 mAbs generated through SAFEbody and NEObody technologies.
42GF Score
Get the complete analysis for FRA:978
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
FRA:978 has been successfully added to your 
