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MGM China HoldingsFRA:M04 -2.63%71 Equity-to-Asset is 0.13 as of Jun. 2026, which is 8% above its 10-year median of 0.12. GuruFocus rates FRA:M04 with a GF Score™ of 71/100 and a GF Value™ of €1.66 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 851 Travel & Leisure companies, MGM China Holdings ranks worse than 86.37% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MGM China Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €424 Mil. MGM China Holdings's Total Assets for the quarter that ended in Jun. 2026 was €3,198 Mil.
Therefore, MGM China Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.13.
The historical rank and industry rank for MGM China Holdings's Equity-to-Asset or its related term are showing as below:
FRA:M04'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.13 Med: 0.12 Max: 0.32
Current: 0.13
During the past 13 years, the highest Equity to Asset Ratio of MGM China Holdings was 0.32. The lowest was -0.13. And the median was 0.12.
FRA:M04's Equity-to-Asset is ranked worse than 86.37% of 851
companies
in the Travel & Leisure industry
Industry Median: 0.51
vs FRA:M04: 0.13
MGM China Holdings (FRA:M04) 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%.
MGM China Holdings Equity-to-Asset Related Terms
MGM China Holdings Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for MGM China Holdings'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:M04 vs LVS, MGM, WYNN: Equity-to-Asset Comparison
For the Resorts & Casinos subindustry, MGM China Holdings'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.
MGM China Holdings Equity-to-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, MGM China Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where MGM China Holdings'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.
MGM China Holdings'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.
MGM China Holdings (FRA:M04) has a Equity-to-Asset of 0.13 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on MGM China Holdings and its competitors. This is near median its historical median of 0.12. According to the industry distribution chart, MGM China Holdings ranks #735 out of 851 companies in the Travel & Leisure industry, placing it in the top 86.4%.
Is MGM China Holdings' Equity-to-Asset too high?
MGM China Holdings' current Equity-to-Asset of 0.13 is near median its 10-year median of 0.12. The Travel & Leisure industry median Equity-to-Asset is 0.51. MGM China Holdings' value of 0.13 is 74.5% below this industry median. Based on the distribution chart, MGM China Holdings ranks #735 out of 851 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, MGM China Holdings has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MGM China Holdings' Equity-to-Asset compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, MGM China Holdings ranks #735 out of 851 companies for Equity-to-Asset. This places MGM China Holdings in the lower half of its industry. The industry median Equity-to-Asset is 0.51. MGM China Holdings' value of 0.13 is 74.5% below this benchmark. While the company's 10-year median is 0.12 vs. the industry median of 0.51, MGM China Holdings 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 Travel & Leisure company?
The median Equity-to-Asset among Travel & Leisure companies is 0.51, based on 851 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. MGM China Holdings's current Equity-to-Asset of 0.13 is 74.5% 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 MGM China Holdings and its competitors. For the Travel & Leisure industry, the median Equity-to-Asset is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGM China Holdings's current Equity-to-Asset is 0.13, which is near median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGM China Holdings stock overvalued right now?
Based on GuruFocus' analysis, MGM China Holdings (FRA:M04) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.66, compared to a current price of €1.11 — trading 33.1% below its estimated fair value. The current Equity-to-Asset is 0.13, which is near median its 10-year median of 0.12 and 74.5% below the Travel & Leisure industry median of 0.51. MGM China Holdings' overall GF Score™ is 71/100 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 MGM China Holdings (FRA:M04), the current Equity-to-Asset is 0.13 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 MGM China Holdings (FRA:M04) Overvalued in 2026?
Based on GuruFocus' analysis, MGM China Holdings stock appears to be undervalued.
The current stock price of €1.11 is trading 33.1% below its estimated GF Value™ of €1.66.
GuruFocus considers MGM China Holdings to be Significantly Undervalued.
Key valuation signals for FRA:M04:
Equity-to-Asset: 0.13 (near median its 10-year median of 0.12)
GF Value™: €1.66 vs. price of €1.11 (33.1% below fair value)
Industry Position: 74.5% below the Travel & Leisure median (#735 of 851)
No single metric tells the full story. See the FRA:M04 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGM China is one of six casino license holders in Macao. It operates two integrated resorts: the MGM Macau in the Peninsula and MGM Cotai in Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.
71GF Score
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