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MustekJSE:MST 77 Equity-to-Asset is 0.38 as of Dec. 2025, which is 19% above its 10-year median of 0.32. GuruFocus rates JSE:MST with a GF Score™ of 77/100 and a GF Value™ of R12.52 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,500 Hardware companies, Mustek ranks worse than 75% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mustek's Total Stockholders Equity for the quarter that ended in Dec. 2025 was R1,586 Mil. Mustek's Total Assets for the quarter that ended in Dec. 2025 was R4,206 Mil.
Therefore, Mustek's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.38.
The historical rank and industry rank for Mustek's Equity-to-Asset or its related term are showing as below:
JSE:MST'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.27 Med: 0.32 Max: 0.39
Current: 0.38
During the past 13 years, the highest Equity to Asset Ratio of Mustek was 0.39. The lowest was 0.27. And the median was 0.32.
JSE:MST's Equity-to-Asset is ranked worse than 75% of 2500
companies
in the Hardware industry
Industry Median: 0.56
vs JSE:MST: 0.38
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%.
Mustek Equity-to-Asset Related Terms
Mustek Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Mustek'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:MST vs DELL, ANET, SNDK: Equity-to-Asset Comparison
For the Computer Hardware subindustry, Mustek'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.
Mustek Equity-to-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Mustek's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Mustek'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.
Mustek's Equity to Asset Ratio for the fiscal year that ended in Jun. 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.
Mustek (JSE:MST) has a Equity-to-Asset of 0.38 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Mustek and its competitors. This is 19% above median its historical median of 0.32. Over the past decade, Mustek's Equity-to-Asset has ranged from 0.27 to 0.39. According to the industry distribution chart, Mustek ranks #1875 out of 2500 companies in the Hardware industry, placing it in the top 75%.
Is Mustek's Equity-to-Asset too high?
Mustek's current Equity-to-Asset of 0.38 is 19% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.39. The Hardware industry median Equity-to-Asset is 0.56. Mustek's value of 0.38 is 32.1% below this industry median. Based on the distribution chart, Mustek ranks #1875 out of 2500 companies in the Hardware industry, which is below the industry midpoint. Overall, Mustek has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustek's Equity-to-Asset compare to DELL and ANET?
According to the Hardware industry distribution chart, Mustek ranks #1875 out of 2500 companies for Equity-to-Asset. This places Mustek in the lower half of its industry. The industry median Equity-to-Asset is 0.56. Mustek's value of 0.38 is 32.1% below this benchmark. Historically, Mustek's own Equity-to-Asset has ranged from 0.27 to 0.39 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.56, Mustek 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 Hardware company?
The median Equity-to-Asset among Hardware companies is 0.56, based on 2,500 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. Mustek's current Equity-to-Asset of 0.38 is 32.1% 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 Mustek and its competitors. For the Hardware industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mustek's current Equity-to-Asset is 0.38, which is 19% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustek stock overvalued right now?
Based on GuruFocus' analysis, Mustek (JSE:MST) is currently considered Modestly Overvalued. The stock's GF Value™ is R12.52, compared to a current price of R15.15 — trading 21% above its estimated fair value. The current Equity-to-Asset is 0.38, which is 19% above median its 10-year median of 0.32 and 32.1% below the Hardware industry median of 0.56. Mustek's overall GF Score™ is 77/100 with 8 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 Mustek (JSE:MST), the current Equity-to-Asset is 0.38 as of Dec. 2025. 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 Mustek (JSE:MST) Overvalued in 2026?
Based on GuruFocus' analysis, Mustek stock appears to be overvalued.
The current stock price of R15.15 is trading 21% above its estimated GF Value™ of R12.52.
GuruFocus considers Mustek to be Modestly Overvalued.
Key valuation signals for JSE:MST:
Equity-to-Asset: 0.38 (19% above median its 10-year median of 0.32)
GF Value™: R12.52 vs. price of R15.15 (21% above fair value)
Industry Position: 32.1% below the Hardware median (#1875 of 2500)
No single metric tells the full story. See the JSE:MST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segments include Mustek, Rectron, MIE, and the Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes the distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes a training provider of accredited training programmes, and the group includes investments in associates and other investments, and loans. Geographically, operates in the region of South Africa. It derives a substantial part of its revenue from the Mustek segment.
77GF Score
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