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FirstServiceFSV -1.82%86 Equity-to-Asset is 0.33 as of Mar. 2026, which is 18% above its 10-year median of 0.28. GuruFocus rates FSV with a GF Score™ of 86/100 and a GF Value™ of $197.64 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,797 Real Estate companies, FirstService ranks worse than 68.22% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. FirstService's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $1,429 Mil. FirstService's Total Assets for the quarter that ended in Mar. 2026 was $4,293 Mil.
Therefore, FirstService's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.33.
The historical rank and industry rank for FirstService's Equity-to-Asset or its related term are showing as below:
FSV'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.28 Max: 0.34
Current: 0.33
During the past 13 years, the highest Equity to Asset Ratio of FirstService was 0.34. The lowest was 0.11. And the median was 0.28.
FSV's Equity-to-Asset is ranked worse than 68.22% of 1797
companies
in the Real Estate industry
Industry Median: 0.45
vs FSV: 0.33
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%.
FirstService Equity-to-Asset Related Terms
FirstService Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for FirstService'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.
FSV vs CBRE, BEKE, JLL: Equity-to-Asset Comparison
For the Real Estate Services subindustry, FirstService'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.
FirstService Equity-to-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, FirstService's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where FirstService'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.
FirstService'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.
FirstService (FSV) has a Equity-to-Asset of 0.33 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on FirstService and its competitors. This is 18% above median its historical median of 0.28. Over the past decade, FirstService's Equity-to-Asset has ranged from 0.11 to 0.34. According to the industry distribution chart, FirstService ranks #1226 out of 1797 companies in the Real Estate industry, placing it in the top 68.2%.
Is FirstService's Equity-to-Asset too high?
FirstService's current Equity-to-Asset of 0.33 is 18% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.34. The Real Estate industry median Equity-to-Asset is 0.45. FirstService's value of 0.33 is 26.7% below this industry median. Based on the distribution chart, FirstService ranks #1226 out of 1797 companies in the Real Estate industry, which is below the industry midpoint. Overall, FirstService has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FirstService's Equity-to-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, FirstService ranks #1226 out of 1797 companies for Equity-to-Asset. This places FirstService in the lower half of its industry. The industry median Equity-to-Asset is 0.45. FirstService's value of 0.33 is 26.7% below this benchmark. Historically, FirstService's own Equity-to-Asset has ranged from 0.11 to 0.34 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.45, FirstService 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 Real Estate company?
The median Equity-to-Asset among Real Estate companies is 0.45, based on 1,797 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. FirstService's current Equity-to-Asset of 0.33 is 26.7% 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 FirstService and its competitors. For the Real Estate industry, the median Equity-to-Asset is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FirstService's current Equity-to-Asset is 0.33, which is 18% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirstService stock overvalued right now?
Based on GuruFocus' analysis, FirstService (FSV) is currently considered Modestly Undervalued. The stock's GF Value™ is $197.64, compared to a current price of $148.46 — trading 24.9% below its estimated fair value. The current Equity-to-Asset is 0.33, which is 18% above median its 10-year median of 0.28 and 26.7% below the Real Estate industry median of 0.45. FirstService's overall GF Score™ is 86/100 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 FirstService (FSV), the current Equity-to-Asset is 0.33 as of Mar. 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 FirstService (FSV) Overvalued in 2026?
Based on GuruFocus' analysis, FirstService stock appears to be undervalued.
The current stock price of $148.46 is trading 24.9% below its estimated GF Value™ of $197.64.
GuruFocus considers FirstService to be Modestly Undervalued.
Key valuation signals for FSV:
Equity-to-Asset: 0.33 (18% above median its 10-year median of 0.28)
GF Value™: $197.64 vs. price of $148.46 (24.9% below fair value)
Industry Position: 26.7% below the Real Estate median (#1226 of 1797)
No single metric tells the full story. See the FSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FirstService Corp is engaged in outsourcing property services. The company operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high and low-rise condominiums and co-operatives. FirstService Brands generates the majority of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertaPro Painters, Floor Coverings International, and Pillar to Post Home Inspectors. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.
86GF Score
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Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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