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Harmonic Drive SystemsHSYDF -11.86%76 Equity-to-Asset is 0.72 as of Mar. 2026, which is 1% above its 10-year median of 0.71. GuruFocus rates HSYDF with a GF Score™ of 76/100 and a GF Value™ of $23.75 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 3,080 Industrial Products companies, Harmonic Drive Systems ranks better than 75.16% on this metric.
The historical rank and industry rank for Harmonic Drive Systems's Equity-to-Asset or its related term are showing as below:
HSYDF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.57 Med: 0.71 Max: 0.76
Current: 0.72
During the past 13 years, the highest Equity to Asset Ratio of Harmonic Drive Systems was 0.76. The lowest was 0.57. And the median was 0.71.
HSYDF's Equity-to-Asset is ranked better than 75.16% of 3080
companies
in the Industrial Products industry
Industry Median: 0.57
vs HSYDF: 0.72
Harmonic Drive Systems (OTCPK:HSYDF) 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%.
Harmonic Drive Systems Equity-to-Asset Related Terms
Harmonic Drive Systems Equity-to-Asset Historical Data
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The historical data trend for Harmonic Drive Systems'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 Specialty Industrial Machinery subindustry, Harmonic Drive Systems'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.
Harmonic Drive Systems Equity-to-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Harmonic Drive Systems's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Harmonic Drive Systems's Equity-to-Asset falls into.
Harmonic Drive Systems Equity-to-Asset Calculation
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.
Harmonic Drive Systems'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.
Harmonic Drive Systems (HSYDF) has a Equity-to-Asset of 0.72 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Harmonic Drive Systems and its competitors. This is near median its historical median of 0.71. Over the past decade, Harmonic Drive Systems' Equity-to-Asset has ranged from 0.57 to 0.76. According to the industry distribution chart, Harmonic Drive Systems ranks #765 out of 3080 companies in the Industrial Products industry, placing it in the top 24.8%.
Is Harmonic Drive Systems' Equity-to-Asset too high?
Harmonic Drive Systems' current Equity-to-Asset of 0.72 is near median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 0.76. The Industrial Products industry median Equity-to-Asset is 0.57. Harmonic Drive Systems' value of 0.72 is 26.3% above this industry median. Based on the distribution chart, Harmonic Drive Systems ranks #765 out of 3080 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Harmonic Drive Systems has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harmonic Drive Systems' Equity-to-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Harmonic Drive Systems ranks #765 out of 3080 companies for Equity-to-Asset. This places Harmonic Drive Systems in the top 25% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.57. Harmonic Drive Systems' value of 0.72 is 26.3% above this benchmark. Historically, Harmonic Drive Systems' own Equity-to-Asset has ranged from 0.57 to 0.76 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.57, Harmonic Drive Systems 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 an Industrial Products company?
The median Equity-to-Asset among Industrial Products companies is 0.57, based on 3,080 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. Harmonic Drive Systems's current Equity-to-Asset of 0.72 is 26.3% 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 Harmonic Drive Systems and its competitors. For the Industrial Products industry, the median Equity-to-Asset is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harmonic Drive Systems's current Equity-to-Asset is 0.72, which is near median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmonic Drive Systems stock overvalued right now?
Based on GuruFocus' analysis, Harmonic Drive Systems (HSYDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $23.75, compared to a current price of $35.25 — trading 48.4% above its estimated fair value. The current Equity-to-Asset is 0.72, which is near median its 10-year median of 0.71 and 26.3% above the Industrial Products industry median of 0.57. Harmonic Drive Systems' overall GF Score™ is 76/100 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 Harmonic Drive Systems (HSYDF), the current Equity-to-Asset is 0.72 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 Harmonic Drive Systems (HSYDF) Overvalued in 2026?
Based on GuruFocus' analysis, Harmonic Drive Systems stock appears to be overvalued.
The current stock price of $35.25 is trading 48.4% above its estimated GF Value™ of $23.75.
GuruFocus considers Harmonic Drive Systems to be Significantly Overvalued.
Key valuation signals for HSYDF:
Equity-to-Asset: 0.72 (near median its 10-year median of 0.71)
GF Value™: $23.75 vs. price of $35.25 (48.4% above fair value)
Industry Position: 26.3% above the Industrial Products median (#765 of 3080)
No single metric tells the full story. See the HSYDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harmonic Drive Systems manufactures and sells high-precision reduction gears (harmonic reducers) under the Harmonic Drive brand as well as other mechatronics products, including rotary actuators, linear actuators, and AC servo motors. The company also provides planetary gear speed reducers under the AccuDrive and Harmonic Planetary brands. Its products are used in industrial robots, semiconductor production equipment, and other high-precision equipment. HDS was founded in 1970 and is headquartered in Tokyo, Japan.
76GF Score
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