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.
HoyaHOCPF +0.04%99 Equity-to-Asset is 0.78 as of Jun. 2026, which is 3% below its 10-year median of 0.80. GuruFocus rates HOCPF with a GF Score™ of 99/100 and a GF Value™ of $165.64 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 852 Medical Devices & Instruments companies, Hoya ranks better than 71.71% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hoya's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $6,317 Mil. Hoya's Total Assets for the quarter that ended in Jun. 2026 was $8,097 Mil.
Therefore, Hoya's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.78.
The historical rank and industry rank for Hoya's Equity-to-Asset or its related term are showing as below:
HOCPF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.76 Med: 0.8 Max: 0.83
Current: 0.78
During the past 13 years, the highest Equity to Asset Ratio of Hoya was 0.83. The lowest was 0.76. And the median was 0.80.
HOCPF's Equity-to-Asset is ranked better than 71.71% of 852
companies
in the Medical Devices & Instruments industry
Industry Median: 0.64
vs HOCPF: 0.78
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%.
Hoya Equity-to-Asset Related Terms
Hoya Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Hoya'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.
HOCPF vs ISRG, BDX, RMD: Equity-to-Asset Comparison
For the Medical Instruments & Supplies subindustry, Hoya'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.
Hoya Equity-to-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Hoya's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Hoya'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.
Hoya'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.
Hoya (HOCPF) has a Equity-to-Asset of 0.78 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Hoya and its competitors. This is near median its historical median of 0.80. Over the past decade, Hoya's Equity-to-Asset has ranged from 0.76 to 0.83. According to the industry distribution chart, Hoya ranks #241 out of 852 companies in the Medical Devices & Instruments industry, placing it in the top 28.3%.
Is Hoya's Equity-to-Asset too high?
Hoya's current Equity-to-Asset of 0.78 is near median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 0.83. The Medical Devices & Instruments industry median Equity-to-Asset is 0.64. Hoya's value of 0.78 is 21.9% above this industry median. Based on the distribution chart, Hoya ranks #241 out of 852 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Hoya has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoya's Equity-to-Asset compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Hoya ranks #241 out of 852 companies for Equity-to-Asset. This puts Hoya in the upper half of its industry. The industry median Equity-to-Asset is 0.64. Hoya's value of 0.78 is 21.9% above this benchmark. Historically, Hoya's own Equity-to-Asset has ranged from 0.76 to 0.83 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 0.64, Hoya has consistently been above 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 Medical Devices & Instruments company?
The median Equity-to-Asset among Medical Devices & Instruments companies is 0.64, based on 852 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. Hoya's current Equity-to-Asset of 0.78 is 21.9% above 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 Hoya and its competitors. For the Medical Devices & Instruments industry, the median Equity-to-Asset is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoya's current Equity-to-Asset is 0.78, which is near median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoya stock overvalued right now?
Based on GuruFocus' analysis, Hoya (HOCPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $165.64, compared to a current price of $144.26 — trading 12.9% below its estimated fair value. The current Equity-to-Asset is 0.78, which is near median its 10-year median of 0.80 and 21.9% above the Medical Devices & Instruments industry median of 0.64. Hoya's overall GF Score™ is 99/100 with 1 warning sign 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 Hoya (HOCPF), the current Equity-to-Asset is 0.78 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 Hoya (HOCPF) Overvalued in 2026?
Based on GuruFocus' analysis, Hoya stock appears to be undervalued.
The current stock price of $144.26 is trading 12.9% below its estimated GF Value™ of $165.64.
GuruFocus considers Hoya to be Modestly Undervalued.
Key valuation signals for HOCPF:
Equity-to-Asset: 0.78 (near median its 10-year median of 0.80)
GF Value™: $165.64 vs. price of $144.26 (12.9% below fair value)
Industry Position: 21.9% above the Medical Devices & Instruments median (#241 of 852)
No single metric tells the full story. See the HOCPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1941 in Tokyo as an optical glass production plant, Hoya is one of the largest eyeglass lens manufacturers in the world. Leveraging its technology know-how in glass manufacturing, Hoya entered the mask blanks business in 1974. Now although its life care business accounts for more than 60% of its total revenue, majority of its profit before tax comes from its higher-margin IT business.
99GF Score
Get the complete analysis for HOCPF
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
HOCPF has been successfully added to your 
