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.
Fletcher BuildingFRCEF 49 Equity-to-Asset is 0.47 as of Dec. 2025, which is 2% above its 10-year median of 0.46. GuruFocus rates FRCEF with a GF Score™ of 49/100 and a GF Value™ of $1.01 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 412 Building Materials companies, Fletcher Building ranks worse than 63.35% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Fletcher Building's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $2,120 Mil. Fletcher Building's Total Assets for the quarter that ended in Dec. 2025 was $4,484 Mil.
Therefore, Fletcher Building's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.47.
The historical rank and industry rank for Fletcher Building's Equity-to-Asset or its related term are showing as below:
FRCEF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.37 Med: 0.46 Max: 0.54
Current: 0.47
During the past 13 years, the highest Equity to Asset Ratio of Fletcher Building was 0.54. The lowest was 0.37. And the median was 0.46.
FRCEF's Equity-to-Asset is ranked worse than 63.35% of 412
companies
in the Building Materials industry
Industry Median: 0.55
vs FRCEF: 0.47
Fletcher Building (OTCPK:FRCEF) 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%.
Fletcher Building Equity-to-Asset Related Terms
Fletcher Building Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Fletcher Building'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.
FRCEF vs CRH, VMC, MLM: Equity-to-Asset Comparison
For the Building Materials subindustry, Fletcher Building'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.
Fletcher Building Equity-to-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Fletcher Building's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Fletcher Building'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.
Fletcher Building's Equity to Asset Ratio for the fiscal year that ended in Jun. 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.
Fletcher Building (FRCEF) has a Equity-to-Asset of 0.47 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Fletcher Building and its competitors. This is near median its historical median of 0.46. Over the past decade, Fletcher Building's Equity-to-Asset has ranged from 0.37 to 0.54. According to the industry distribution chart, Fletcher Building ranks #261 out of 412 companies in the Building Materials industry, placing it in the top 63.3%.
Is Fletcher Building's Equity-to-Asset too high?
Fletcher Building's current Equity-to-Asset of 0.47 is near median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 0.54. The Building Materials industry median Equity-to-Asset is 0.55. Fletcher Building's value of 0.47 is 14.5% below this industry median. Based on the distribution chart, Fletcher Building ranks #261 out of 412 companies in the Building Materials industry, which is below the industry midpoint. Overall, Fletcher Building has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fletcher Building's Equity-to-Asset compare to CRH and VMC?
According to the Building Materials industry distribution chart, Fletcher Building ranks #261 out of 412 companies for Equity-to-Asset. This places Fletcher Building in the lower half of its industry. The industry median Equity-to-Asset is 0.55. Fletcher Building's value of 0.47 is 14.5% below this benchmark. Historically, Fletcher Building's own Equity-to-Asset has ranged from 0.37 to 0.54 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.55, Fletcher Building 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 Building Materials company?
The median Equity-to-Asset among Building Materials companies is 0.55, based on 412 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. Fletcher Building's current Equity-to-Asset of 0.47 is 14.5% 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 Fletcher Building and its competitors. For the Building Materials industry, the median Equity-to-Asset is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fletcher Building's current Equity-to-Asset is 0.47, which is near median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fletcher Building stock overvalued right now?
Based on GuruFocus' analysis, Fletcher Building (FRCEF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.01, compared to a current price of $2.10 — trading 107.9% above its estimated fair value. The current Equity-to-Asset is 0.47, which is near median its 10-year median of 0.46 and 14.5% below the Building Materials industry median of 0.55. Fletcher Building's overall GF Score™ is 49/100 with 10 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 Fletcher Building (FRCEF), the current Equity-to-Asset is 0.47 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 Fletcher Building (FRCEF) Overvalued in 2026?
Based on GuruFocus' analysis, Fletcher Building stock appears to be overvalued.
The current stock price of $2.10 is trading 107.9% above its estimated GF Value™ of $1.01.
GuruFocus considers Fletcher Building to be Significantly Overvalued.
Key valuation signals for FRCEF:
Equity-to-Asset: 0.47 (near median its 10-year median of 0.46)
GF Value™: $1.01 vs. price of $2.10 (107.9% above fair value)
Industry Position: 14.5% below the Building Materials median (#261 of 412)
No single metric tells the full story. See the FRCEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel, retail distribution, and development. Most revenue is derived from new house construction, with smaller earnings contributions from commercial and infrastructure construction.
49GF Score
Get the complete analysis for FRCEF
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
FRCEF has been successfully added to your 
