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TXNM EnergyFRA:98P +0.40%76 Equity-to-Asset is 0.29 as of Jun. 2026, which is 16% above its 10-year median of 0.25. GuruFocus rates FRA:98P with a GF Score™ of 76/100 and a GF Value™ of €40.40. The stock has 9 warning signs investors should review. Among 510 Utilities - Regulated companies, TXNM Energy ranks worse than 67.25% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TXNM Energy's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €3,095 Mil. TXNM Energy's Total Assets for the quarter that ended in Jun. 2026 was €10,857 Mil.
Therefore, TXNM Energy's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.29.
The historical rank and industry rank for TXNM Energy's Equity-to-Asset or its related term are showing as below:
FRA:98P'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.22 Med: 0.25 Max: 0.29
Current: 0.29
During the past 13 years, the highest Equity to Asset Ratio of TXNM Energy was 0.29. The lowest was 0.22. And the median was 0.25.
FRA:98P's Equity-to-Asset is ranked worse than 67.25% of 510
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs FRA:98P: 0.29
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%.
TXNM Energy Equity-to-Asset Related Terms
TXNM Energy Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for TXNM 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.
FRA:98P vs POR, NWE, IDA: Equity-to-Asset Comparison
For the Utilities - Regulated Electric subindustry, TXNM 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.
TXNM Energy Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, TXNM Energy's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where TXNM 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.
TXNM 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.
TXNM Energy (FRA:98P) has a Equity-to-Asset of 0.29 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on TXNM Energy and its competitors. This is 16% above median its historical median of 0.25. Over the past decade, TXNM Energy's Equity-to-Asset has ranged from 0.22 to 0.29. According to the industry distribution chart, TXNM Energy ranks #343 out of 510 companies in the Utilities - Regulated industry, placing it in the top 67.3%.
Is TXNM Energy's Equity-to-Asset too high?
TXNM Energy's current Equity-to-Asset of 0.29 is 16% above median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.29. The Utilities - Regulated industry median Equity-to-Asset is 0.36. TXNM Energy's value of 0.29 is 19.4% below this industry median. Based on the distribution chart, TXNM Energy ranks #343 out of 510 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, TXNM Energy has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does TXNM Energy's Equity-to-Asset compare to POR and NWE?
According to the Utilities - Regulated industry distribution chart, TXNM Energy ranks #343 out of 510 companies for Equity-to-Asset. This places TXNM Energy in the lower half of its industry. The industry median Equity-to-Asset is 0.36. TXNM Energy's value of 0.29 is 19.4% below this benchmark. Historically, TXNM Energy's own Equity-to-Asset has ranged from 0.22 to 0.29 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.36, TXNM Energy 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 0.36, based on 510 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. TXNM Energy's current Equity-to-Asset of 0.29 is 19.4% 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 TXNM Energy and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TXNM Energy's current Equity-to-Asset is 0.29, which is 16% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TXNM Energy stock overvalued right now?
TXNM Energy (FRA:98P) has a current Equity-to-Asset of 0.29. The stock's GF Value™ is €40.40, compared to a current price of €49.80 — trading 23.3% above its estimated fair value. The current Equity-to-Asset is 0.29, which is 16% above median its 10-year median of 0.25 and 19.4% below the Utilities - Regulated industry median of 0.36. TXNM Energy's overall GF Score™ is 76/100 with 9 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 TXNM Energy (FRA:98P), the current Equity-to-Asset is 0.29 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 TXNM Energy (FRA:98P) Overvalued in 2026?
Based on GuruFocus' analysis, TXNM Energy stock appears to be overvalued.
The current stock price of €49.80 is trading 23.3% above its estimated GF Value™ of €40.40.
Key valuation signals for FRA:98P:
Equity-to-Asset: 0.29 (16% above median its 10-year median of 0.25)
GF Value™: €40.40 vs. price of €49.80 (23.3% above fair value)
Industry Position: 19.4% below the Utilities - Regulated median (#343 of 510)
No single metric tells the full story. See the FRA:98P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TXNM Energy Inc is a holding company that owns regulated utility companies providing energy to houses and businesses across Texas and New Mexico using its utilities.
76GF Score
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