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Casey's General StoresFRA:CS2 -2.29%78 Equity-to-Asset is 0.44 as of Apr. 2026, which is 5% above its 10-year median of 0.42. GuruFocus rates FRA:CS2 with a GF Score™ of 78/100 and a GF Value™ of €402.40 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,135 Retail - Cyclical companies, Casey's General Stores ranks better than 50.48% on this metric.
The historical rank and industry rank for Casey's General Stores's Equity-to-Asset or its related term are showing as below:
FRA:CS2'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.42 Max: 0.48
Current: 0.44
During the past 13 years, the highest Equity to Asset Ratio of Casey's General Stores was 0.48. The lowest was 0.37. And the median was 0.42.
FRA:CS2's Equity-to-Asset is ranked better than 50.48% of 1135
companies
in the Retail - Cyclical industry
Industry Median: 0.44
vs FRA:CS2: 0.44
Casey's General Stores (FRA:CS2) 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%.
Casey's General Stores Equity-to-Asset Related Terms
Casey's General Stores Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Casey's General Stores'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:CS2 vs WSM, DKS, ULTA: Equity-to-Asset Comparison
For the Specialty Retail subindustry, Casey's General Stores'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.
Casey's General Stores Equity-to-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Casey's General Stores's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Casey's General Stores's Equity-to-Asset falls into.
Casey's General Stores Equity-to-Asset Calculation
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.
Casey's General Stores's Equity to Asset Ratio for the fiscal year that ended in Apr. 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.
Casey's General Stores (FRA:CS2) has a Equity-to-Asset of 0.44 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Casey's General Stores and its competitors. This is near median its historical median of 0.42. Over the past decade, Casey's General Stores' Equity-to-Asset has ranged from 0.37 to 0.48. According to the industry distribution chart, Casey's General Stores ranks #562 out of 1135 companies in the Retail - Cyclical industry, placing it in the top 49.5%.
Is Casey's General Stores' Equity-to-Asset too high?
Casey's General Stores' current Equity-to-Asset of 0.44 is near median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 0.48. The Retail - Cyclical industry median Equity-to-Asset is 0.44. Casey's General Stores' value of 0.44 is 0% at this industry median. Based on the distribution chart, Casey's General Stores ranks #562 out of 1135 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Casey's General Stores has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Casey's General Stores' Equity-to-Asset compare to WSM and DKS?
According to the Retail - Cyclical industry distribution chart, Casey's General Stores ranks #562 out of 1135 companies for Equity-to-Asset. This puts Casey's General Stores in the upper half of its industry. The industry median Equity-to-Asset is 0.44. Casey's General Stores' value of 0.44 is 0% at this benchmark. Historically, Casey's General Stores' own Equity-to-Asset has ranged from 0.37 to 0.48 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 0.44, Casey's General Stores 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 Retail - Cyclical company?
The median Equity-to-Asset among Retail - Cyclical companies is 0.44, based on 1,135 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. Casey's General Stores's current Equity-to-Asset of 0.44 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 Casey's General Stores and its competitors. For the Retail - Cyclical industry, the median Equity-to-Asset is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Casey's General Stores's current Equity-to-Asset is 0.44, which is near median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Casey's General Stores stock overvalued right now?
Based on GuruFocus' analysis, Casey's General Stores (FRA:CS2) is currently considered Significantly Overvalued. The stock's GF Value™ is €402.40, compared to a current price of €742.40 — trading 84.5% above its estimated fair value. The current Equity-to-Asset is 0.44, which is near median its 10-year median of 0.42 and 0% at the Retail - Cyclical industry median of 0.44. Casey's General Stores' overall GF Score™ is 78/100 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 Casey's General Stores (FRA:CS2), the current Equity-to-Asset is 0.44 as of Apr. 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 Casey's General Stores (FRA:CS2) Overvalued in 2026?
Based on GuruFocus' analysis, Casey's General Stores stock appears to be overvalued.
The current stock price of €742.40 is trading 84.5% above its estimated GF Value™ of €402.40.
GuruFocus considers Casey's General Stores to be Significantly Overvalued.
Key valuation signals for FRA:CS2:
Equity-to-Asset: 0.44 (near median its 10-year median of 0.42)
GF Value™: €402.40 vs. price of €742.40 (84.5% above fair value)
Industry Position: 0% at the Retail - Cyclical median (#562 of 1135)
No single metric tells the full story. See the FRA:CS2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Casey's General Stores Inc serves as convenience store chain with its 2,900 locations, positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two-thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates the majority of its warehousing and distribution processes internally.
78GF Score
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