Largo (FRA:LR8) Equity-to-Asset: 0.38 (As of Jun. 2026) — 43% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:LR8 Largo Inc FRA:LR8
59 GF Score
Price €0.54
GF Value €0.87
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Largo Equity-to-Asset?

Largo FRA:LR8 +7.54% 59 Equity-to-Asset is 0.38 as of Jun. 2026, which is 43% below its 10-year median of 0.67. GuruFocus rates FRA:LR8 with a GF Score™ of 59/100 and a GF Value™ of €0.87 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,670 Metals & Mining companies, Largo ranks worse than 79.06% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Largo's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €115.0 Mil. Largo's Total Assets for the quarter that ended in Jun. 2026 was €300.5 Mil. Therefore, Largo's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.38.

The historical rank and industry rank for Largo's Equity-to-Asset or its related term are showing as below:

FRA:LR8' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.07   Med: 0.67   Max: 0.93
Current: 0.38

During the past 13 years, the highest Equity to Asset Ratio of Largo was 0.93. The lowest was 0.07. And the median was 0.67.

FRA:LR8's Equity-to-Asset is ranked worse than
79.06% of 2670 companies
in the Metals & Mining industry
Industry Median: 0.8 vs FRA:LR8: 0.38

Largo  (FRA:LR8) 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%.


Largo Equity-to-Asset Related Terms


Largo Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Largo'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.

Largo Equity-to-Asset Chart

Largo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.75 0.65 0.52 0.41

Largo Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.48 0.40 0.41 0.43 0.38

Largo Equity-to-Asset Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Largo'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.


Largo Equity-to-Asset vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Largo's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Largo's Equity-to-Asset falls into.


FRA:LR8
59GF Score
Largo Inc FRA:LR8
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Largo 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.

Largo's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=111.323/272.217
=0.41

Largo's Equity to Asset Ratio for the quarter that ended in Jun. 2026 is calculated as

Equity to Asset (Q: Jun. 2026 )=Total Stockholders Equity/Total Assets
=114.964/300.506
=0.38

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.38 mean?
Largo (FRA:LR8) has a Equity-to-Asset of 0.38 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Largo and its competitors. This is 43% below median its historical median of 0.67. Over the past decade, Largo's Equity-to-Asset has ranged from 0.07 to 0.93. According to the industry distribution chart, Largo ranks #2111 out of 2670 companies in the Metals & Mining industry, placing it in the top 79.1%.
Is Largo's Equity-to-Asset too high?
Largo's current Equity-to-Asset of 0.38 is 43% below median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.93. The Metals & Mining industry median Equity-to-Asset is 0.80. Largo's value of 0.38 is 52.5% below this industry median. Based on the distribution chart, Largo ranks #2111 out of 2670 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Largo has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Largo's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Largo ranks #2111 out of 2670 companies for Equity-to-Asset. This places Largo in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Largo's value of 0.38 is 52.5% below this benchmark. Historically, Largo's own Equity-to-Asset has ranged from 0.07 to 0.93 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 0.80, Largo 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 Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.80, based on 2,670 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. Largo's current Equity-to-Asset of 0.38 is 52.5% 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 Largo and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Largo's current Equity-to-Asset is 0.38, which is 43% below median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Largo stock overvalued right now?
Based on GuruFocus' analysis, Largo (FRA:LR8) is currently considered Possible Value Trap. The stock's GF Value™ is €0.87, compared to a current price of €0.54 — trading 37.7% below its estimated fair value. The current Equity-to-Asset is 0.38, which is 43% below median its 10-year median of 0.67 and 52.5% below the Metals & Mining industry median of 0.80. Largo's overall GF Score™ is 59/100 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 Largo (FRA:LR8), the current Equity-to-Asset is 0.38 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 Largo (FRA:LR8) Overvalued in 2026?

Based on GuruFocus' analysis, Largo stock appears to be undervalued. The current stock price of €0.54 is trading 37.7% below its estimated GF Value™ of €0.87. GuruFocus considers Largo to be Possible Value Trap.

Key valuation signals for FRA:LR8:

  • Equity-to-Asset: 0.38 (43% below median its 10-year median of 0.67)
  • GF Value™: €0.87 vs. price of €0.54 (37.7% below fair value)
  • GF Score™: 59/100 with 6 warning signs
  • Industry Position: 52.5% below the Metals & Mining median (#2111 of 2670)

No single metric tells the full story. See the FRA:LR8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Largo Business Description

Other Exchanges LGO:USALGO:Canada
Address 100 King Street West, Suite 1600, First Canadian Place, Toronto, ON, CAN, M5X 1G5
Largo Inc is committed to the production and supply of high-quality vanadium products. The company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. The Company is engaged in the mining, exploration, and development of mineral properties, predominantly in Brazil, through which it produces and supplies vanadium products VPURE Flake, VPURE+ Flake, and VPURE+ Powder. The company has operating segments: sales & trading, mine properties, which generates key revenue, corporate, exploration and evaluation properties, Clean Energy, and Largo Physical Vanadium.
59GF Score

Get the complete analysis for FRA:LR8

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.54
Price
€0.87
GF Value