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.
African PioneerLSE:AFP -7.69% Equity-to-Asset is 0.67 as of Dec. 2025, which is 6% below its 10-year median of 0.71. The stock has 3 warning signs investors should review. Among 2,669 Metals & Mining companies, African Pioneer ranks worse than 60.55% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. African Pioneer's Total Stockholders Equity for the quarter that ended in Dec. 2025 was £3.78 Mil. African Pioneer's Total Assets for the quarter that ended in Dec. 2025 was £5.65 Mil.
The historical rank and industry rank for African Pioneer's Equity-to-Asset or its related term are showing as below:
LSE:AFP'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.47 Med: 0.71 Max: 0.86
Current: 0.67
During the past 8 years, the highest Equity to Asset Ratio of African Pioneer was 0.86. The lowest was 0.47. And the median was 0.71.
LSE:AFP's Equity-to-Asset is ranked worse than 60.55% of 2669
companies
in the Metals & Mining industry
Industry Median: 0.8
vs LSE:AFP: 0.67
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%.
African Pioneer Equity-to-Asset Related Terms
African Pioneer Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for African Pioneer'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 Other Industrial Metals & Mining subindustry, African Pioneer'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.
African Pioneer Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, African Pioneer's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where African Pioneer'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.
African Pioneer's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
African Pioneer (LSE:AFP) has a Equity-to-Asset of 0.67 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on African Pioneer and its competitors. This is near median its historical median of 0.71. Over the past decade, African Pioneer's Equity-to-Asset has ranged from 0.47 to 0.86. According to the industry distribution chart, African Pioneer ranks #1616 out of 2669 companies in the Metals & Mining industry, placing it in the top 60.5%.
Is African Pioneer's Equity-to-Asset too high?
African Pioneer's current Equity-to-Asset of 0.67 is near median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 0.86. The Metals & Mining industry median Equity-to-Asset is 0.80. African Pioneer's value of 0.67 is 16.3% below this industry median. Based on the distribution chart, African Pioneer ranks #1616 out of 2669 companies in the Metals & Mining industry, which is below the industry midpoint.
How does African Pioneer's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, African Pioneer ranks #1616 out of 2669 companies for Equity-to-Asset. This places African Pioneer in the lower half of its industry. The industry median Equity-to-Asset is 0.80. African Pioneer's value of 0.67 is 16.3% below this benchmark. Historically, African Pioneer's own Equity-to-Asset has ranged from 0.47 to 0.86 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.80, African Pioneer 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 Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.80, based on 2,669 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. African Pioneer's current Equity-to-Asset of 0.67 is 16.3% 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 African Pioneer and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. African Pioneer's current Equity-to-Asset is 0.67, 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 African Pioneer stock overvalued right now?
African Pioneer (LSE:AFP) has a current Equity-to-Asset of 0.67. The current Equity-to-Asset is 0.67, which is near median its 10-year median of 0.71 and 16.3% below the Metals & Mining industry median of 0.80. 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 African Pioneer (LSE:AFP), the current Equity-to-Asset is 0.67 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.
African Pioneer PLC is engaged in exploring opportunities within the natural resources sector in Sub-Saharan Africa, with a focus on base and precious metals, including but not limited to copper, nickel, and zinc. The company tends to enhance the value of its mineral resource Projects located in Namibia, Zambia, and Botswana through exploration and technical studies conducted by the company or through a joint venture or other arrangements to establish the projects. Its project portfolio comprises the Ongombo and Ongeama projects, Kalahari Copper Belt, Limpopo Mobile Belt, Central African Copperbelt, and the Zambezi Belt Copper and Gold projects.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:AFP has been successfully added to your 
