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.
BOE VaritronixFRA:VTX -1.54%87 Equity-to-Asset is 0.39 as of Dec. 2025, which is 38% below its 10-year median of 0.63. GuruFocus rates FRA:VTX with a GF Score™ of 87/100 and a GF Value™ of €0.76. The stock has 5 warning signs investors should review. Among 2,495 Hardware companies, BOE Varitronix ranks worse than 73.87% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. BOE Varitronix's Total Stockholders Equity for the quarter that ended in Dec. 2025 was €526 Mil. BOE Varitronix's Total Assets for the quarter that ended in Dec. 2025 was €1,353 Mil.
Therefore, BOE Varitronix's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.39.
The historical rank and industry rank for BOE Varitronix's Equity-to-Asset or its related term are showing as below:
FRA:VTX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.63 Max: 0.86
Current: 0.39
During the past 13 years, the highest Equity to Asset Ratio of BOE Varitronix was 0.86. The lowest was 0.39. And the median was 0.63.
FRA:VTX's Equity-to-Asset is ranked worse than 73.87% of 2495
companies
in the Hardware industry
Industry Median: 0.56
vs FRA:VTX: 0.39
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%.
BOE Varitronix Equity-to-Asset Related Terms
BOE Varitronix Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for BOE Varitronix'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:VTX vs APH, GLW, TEL: Equity-to-Asset Comparison
For the Electronic Components subindustry, BOE Varitronix'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.
BOE Varitronix Equity-to-Asset vs Hardware Industry
For the Hardware industry and Technology sector, BOE Varitronix's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where BOE Varitronix'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.
BOE Varitronix'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.
BOE Varitronix (FRA:VTX) has a Equity-to-Asset of 0.39 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on BOE Varitronix and its competitors. This is 38% below median its historical median of 0.63. Over the past decade, BOE Varitronix's Equity-to-Asset has ranged from 0.39 to 0.86. According to the industry distribution chart, BOE Varitronix ranks #1843 out of 2495 companies in the Hardware industry, placing it in the top 73.9%.
Is BOE Varitronix's Equity-to-Asset too high?
BOE Varitronix's current Equity-to-Asset of 0.39 is 38% below median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.86. The Hardware industry median Equity-to-Asset is 0.56. BOE Varitronix's value of 0.39 is 30.4% below this industry median. Based on the distribution chart, BOE Varitronix ranks #1843 out of 2495 companies in the Hardware industry, which is below the industry midpoint. Overall, BOE Varitronix has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does BOE Varitronix's Equity-to-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, BOE Varitronix ranks #1843 out of 2495 companies for Equity-to-Asset. This places BOE Varitronix in the lower half of its industry. The industry median Equity-to-Asset is 0.56. BOE Varitronix's value of 0.39 is 30.4% below this benchmark. Historically, BOE Varitronix's own Equity-to-Asset has ranged from 0.39 to 0.86 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 0.56, BOE Varitronix 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 Hardware company?
The median Equity-to-Asset among Hardware companies is 0.56, based on 2,495 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. BOE Varitronix's current Equity-to-Asset of 0.39 is 30.4% 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 BOE Varitronix and its competitors. For the Hardware industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOE Varitronix's current Equity-to-Asset is 0.39, which is 38% below median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOE Varitronix stock overvalued right now?
BOE Varitronix (FRA:VTX) has a current Equity-to-Asset of 0.39. The stock's GF Value™ is €0.76, compared to a current price of €0.38 — trading 49.5% below its estimated fair value. The current Equity-to-Asset is 0.39, which is 38% below median its 10-year median of 0.63 and 30.4% below the Hardware industry median of 0.56. BOE Varitronix's overall GF Score™ is 87/100 with 5 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 BOE Varitronix (FRA:VTX), the current Equity-to-Asset is 0.39 as of Dec. 2025. 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 BOE Varitronix (FRA:VTX) Overvalued in 2026?
Based on GuruFocus' analysis, BOE Varitronix stock appears to be undervalued.
The current stock price of €0.38 is trading 49.5% below its estimated GF Value™ of €0.76.
Key valuation signals for FRA:VTX:
Equity-to-Asset: 0.39 (38% below median its 10-year median of 0.63)
GF Value™: €0.76 vs. price of €0.38 (49.5% below fair value)
Industry Position: 30.4% below the Hardware median (#1843 of 2495)
No single metric tells the full story. See the FRA:VTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BOE Varitronix Ltd is an investment holding company. It is principally engaged in automobile and industrial display products and has a monochrome display manufacturing capacity. It manufactures various products in the category of automobile, industrial, white goods, medical, and other. The company operates in one business segment which is the design, manufacture and sale of liquid crystal displays and related products. The company's geographical segments include the PRC, Europe, Japan, America, Korea, and other regions, out of which the PRC accounts for the majority of the revenue.
87GF Score
Get the complete analysis for FRA:VTX
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:VTX has been successfully added to your 
