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.
Finbond GroupJSE:FGL -3.53%32 Equity-to-Asset is 0.11 as of Feb. 2026, which is 50% below its 10-year median of 0.22. GuruFocus rates JSE:FGL with a GF Score™ of 32/100 and a GF Value™ of R0.95 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,525 Banks companies, Finbond Group ranks better than 63.87% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Finbond Group's Total Stockholders Equity for the quarter that ended in Feb. 2026 was R484 Mil. Finbond Group's Total Assets for the quarter that ended in Feb. 2026 was R4,410 Mil.
Therefore, Finbond Group's Equity to Asset Ratio for the quarter that ended in Feb. 2026 was 0.11.
The historical rank and industry rank for Finbond Group's Equity-to-Asset or its related term are showing as below:
JSE:FGL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.11 Med: 0.22 Max: 0.41
Current: 0.11
During the past 13 years, the highest Equity to Asset Ratio of Finbond Group was 0.41. The lowest was 0.11. And the median was 0.22.
JSE:FGL's Equity-to-Asset is ranked better than 63.87% of 1525
companies
in the Banks industry
Industry Median: 0.1
vs JSE:FGL: 0.11
Finbond Group (JSE:FGL) 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%.
Finbond Group Equity-to-Asset Related Terms
Finbond Group Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Finbond Group'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.
JSE:FGL vs RKT, FNMA, PFSI: Equity-to-Asset Comparison
For the Mortgage Finance subindustry, Finbond Group'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.
Finbond Group Equity-to-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Finbond Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Finbond Group'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.
Finbond Group's Equity to Asset Ratio for the fiscal year that ended in Feb. 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.
Finbond Group (JSE:FGL) has a Equity-to-Asset of 0.11 as of Feb. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Finbond Group and its competitors. This is 50% below median its historical median of 0.22. Over the past decade, Finbond Group's Equity-to-Asset has ranged from 0.11 to 0.41. According to the industry distribution chart, Finbond Group ranks #551 out of 1525 companies in the Banks industry, placing it in the top 36.1%.
Is Finbond Group's Equity-to-Asset too high?
Finbond Group's current Equity-to-Asset of 0.11 is 50% below median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.41. The Banks industry median Equity-to-Asset is 0.10. Finbond Group's value of 0.11 is 10% above this industry median. Based on the distribution chart, Finbond Group ranks #551 out of 1525 companies in the Banks industry, which is above the industry midpoint. Overall, Finbond Group has a GF Score™ of 32/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Finbond Group's Equity-to-Asset compare to RKT and FNMA?
According to the Banks industry distribution chart, Finbond Group ranks #551 out of 1525 companies for Equity-to-Asset. This puts Finbond Group in the upper half of its industry. The industry median Equity-to-Asset is 0.10. Finbond Group's value of 0.11 is 10% above this benchmark. Historically, Finbond Group's own Equity-to-Asset has ranged from 0.11 to 0.41 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 0.10, Finbond Group 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 Banks company?
The median Equity-to-Asset among Banks companies is 0.10, based on 1,525 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. Finbond Group's current Equity-to-Asset of 0.11 is 10% 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 Finbond Group and its competitors. For the Banks industry, the median Equity-to-Asset is 0.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finbond Group's current Equity-to-Asset is 0.11, which is 50% below median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finbond Group stock overvalued right now?
Based on GuruFocus' analysis, Finbond Group (JSE:FGL) is currently considered Modestly Undervalued. The stock's GF Value™ is R0.95, compared to a current price of R0.82 — trading 13.7% below its estimated fair value. The current Equity-to-Asset is 0.11, which is 50% below median its 10-year median of 0.22 and 10% above the Banks industry median of 0.10. Finbond Group's overall GF Score™ is 32/100 with 7 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 Finbond Group (JSE:FGL), the current Equity-to-Asset is 0.11 as of Feb. 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 Finbond Group (JSE:FGL) Overvalued in 2026?
Based on GuruFocus' analysis, Finbond Group stock appears to be undervalued.
The current stock price of R0.82 is trading 13.7% below its estimated GF Value™ of R0.95.
GuruFocus considers Finbond Group to be Modestly Undervalued.
Key valuation signals for JSE:FGL:
Equity-to-Asset: 0.11 (50% below median its 10-year median of 0.22)
GF Value™: R0.95 vs. price of R0.82 (13.7% below fair value)
Industry Position: 10% above the Banks median (#551 of 1525)
No single metric tells the full story. See the JSE:FGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finbond Group Ltd is a financial services institution that is engaged in the design and delivery of value and solution-based savings, credit, and insurance solutions tailored to depositor and borrower requirements. The company's business segments are Deposit and Debt Finance Products, Lending, Property investment, and Transactional banking, and Others. It derives key revenue from the Lending segment. Company opertes in USA, South Africa, and Canada, with majority of revenue from USA.
32GF Score
Get the complete analysis for JSE:FGL
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
JSE:FGL has been successfully added to your 
