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.
Hanwa CoHNWAF 51 Equity-to-Asset is 0.35 as of Mar. 2026, which is 46% above its 10-year median of 0.24. GuruFocus rates HNWAF with a GF Score™ of 51/100 and a GF Value™ of $7.62 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 558 Conglomerates companies, Hanwa Co ranks worse than 65.95% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hanwa Co's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $2,694 Mil. Hanwa Co's Total Assets for the quarter that ended in Mar. 2026 was $7,642 Mil.
Therefore, Hanwa Co's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.35.
The historical rank and industry rank for Hanwa Co's Equity-to-Asset or its related term are showing as below:
HNWAF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14 Med: 0.24 Max: 0.35
Current: 0.35
During the past 13 years, the highest Equity to Asset Ratio of Hanwa Co was 0.35. The lowest was 0.14. And the median was 0.24.
HNWAF's Equity-to-Asset is ranked worse than 65.95% of 558
companies
in the Conglomerates industry
Industry Median: 0.45
vs HNWAF: 0.35
Hanwa Co (OTCPK:HNWAF) 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%.
Hanwa Co Equity-to-Asset Related Terms
Hanwa Co Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Hanwa Co'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.
For the Conglomerates subindustry, Hanwa Co'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.
Hanwa Co Equity-to-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Hanwa Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Hanwa Co'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.
Hanwa Co's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 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.
Hanwa Co (HNWAF) has a Equity-to-Asset of 0.35 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Hanwa Co and its competitors. This is 46% above median its historical median of 0.24. Over the past decade, Hanwa Co's Equity-to-Asset has ranged from 0.14 to 0.35. According to the industry distribution chart, Hanwa Co ranks #368 out of 558 companies in the Conglomerates industry, placing it in the top 65.9%.
Is Hanwa Co's Equity-to-Asset too high?
Hanwa Co's current Equity-to-Asset of 0.35 is 46% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.35. The Conglomerates industry median Equity-to-Asset is 0.45. Hanwa Co's value of 0.35 is 22.2% below this industry median. Based on the distribution chart, Hanwa Co ranks #368 out of 558 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Hanwa Co has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hanwa Co's Equity-to-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, Hanwa Co ranks #368 out of 558 companies for Equity-to-Asset. This places Hanwa Co in the lower half of its industry. The industry median Equity-to-Asset is 0.45. Hanwa Co's value of 0.35 is 22.2% below this benchmark. Historically, Hanwa Co's own Equity-to-Asset has ranged from 0.14 to 0.35 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.45, Hanwa Co 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 Conglomerates company?
The median Equity-to-Asset among Conglomerates companies is 0.45, based on 558 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. Hanwa Co's current Equity-to-Asset of 0.35 is 22.2% 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 Hanwa Co and its competitors. For the Conglomerates 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. Hanwa Co's current Equity-to-Asset is 0.35, which is 46% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanwa Co stock overvalued right now?
Based on GuruFocus' analysis, Hanwa Co (HNWAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.62, compared to a current price of $10.95 — trading 43.7% above its estimated fair value. The current Equity-to-Asset is 0.35, which is 46% above median its 10-year median of 0.24 and 22.2% below the Conglomerates industry median of 0.45. Hanwa Co's overall GF Score™ is 51/100 with 4 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 Hanwa Co (HNWAF), the current Equity-to-Asset is 0.35 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 Hanwa Co (HNWAF) Overvalued in 2026?
Based on GuruFocus' analysis, Hanwa Co stock appears to be overvalued.
The current stock price of $10.95 is trading 43.7% above its estimated GF Value™ of $7.62.
GuruFocus considers Hanwa Co to be Significantly Overvalued.
Key valuation signals for HNWAF:
Equity-to-Asset: 0.35 (46% above median its 10-year median of 0.24)
GF Value™: $7.62 vs. price of $10.95 (43.7% above fair value)
Industry Position: 22.2% below the Conglomerates median (#368 of 558)
No single metric tells the full story. See the HNWAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hanwa Co Ltd is a Japan-based trading company with seven segments. The steel segment handles steel products and building materials. The metals and alloys segment supplies chromium, manganese, and other metals. The nonferrous metals segment recycles aluminum, copper, nickel, and chromium. The food products segment handles seafood. The petroleum and chemicals segment trades petroleum products and others. The overseas sales subsidiaries segment comprises Hanwa's overseas subsidiaries in North America and Asia. The other business segment imports forest products and handles amusement facilities and industrial machinery. Steel, petroleum and chemicals, and metals and alloys are the three largest segments by revenue contribution. Hanwa generates most of its revenue from Japanese domestic market.
51GF Score
Get the complete analysis for HNWAF
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
HNWAF has been successfully added to your 
