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.
Northcoders GroupLSE:CODE 39 Equity-to-Asset is 0.57 as of Dec. 2025, which is 8% above its 10-year median of 0.53. GuruFocus rates LSE:CODE with a GF Score™ of 39/100 and a GF Value™ of £0.96 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 263 Education companies, Northcoders Group ranks better than 52.09% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Northcoders Group's Total Stockholders Equity for the quarter that ended in Dec. 2025 was £2.32 Mil. Northcoders Group's Total Assets for the quarter that ended in Dec. 2025 was £4.10 Mil.
Therefore, Northcoders Group's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.57.
The historical rank and industry rank for Northcoders Group's Equity-to-Asset or its related term are showing as below:
LSE:CODE'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.3 Med: 0.53 Max: 0.76
Current: 0.57
During the past 8 years, the highest Equity to Asset Ratio of Northcoders Group was 0.76. The lowest was -0.30. And the median was 0.53.
LSE:CODE's Equity-to-Asset is ranked better than 52.09% of 263
companies
in the Education industry
Industry Median: 0.56
vs LSE:CODE: 0.57
Northcoders Group (LSE:CODE) 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%.
Northcoders Group Equity-to-Asset Related Terms
Northcoders Group Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Northcoders 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.
LSE:CODE vs EDU, TAL, LAUR: Equity-to-Asset Comparison
For the Education & Training Services subindustry, Northcoders 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.
Northcoders Group Equity-to-Asset vs Education Industry
For the Education industry and Consumer Defensive sector, Northcoders Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Northcoders 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.
Northcoders Group'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.
Northcoders Group (LSE:CODE) has a Equity-to-Asset of 0.57 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Northcoders Group and its competitors. This is near median its historical median of 0.53. According to the industry distribution chart, Northcoders Group ranks #126 out of 263 companies in the Education industry, placing it in the top 47.9%.
Is Northcoders Group's Equity-to-Asset too high?
Northcoders Group's current Equity-to-Asset of 0.57 is near median its 10-year median of 0.53. The Education industry median Equity-to-Asset is 0.56. Northcoders Group's value of 0.57 is 1.8% above this industry median. Based on the distribution chart, Northcoders Group ranks #126 out of 263 companies in the Education industry, which is above the industry midpoint. Overall, Northcoders Group has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Northcoders Group's Equity-to-Asset compare to EDU and TAL?
According to the Education industry distribution chart, Northcoders Group ranks #126 out of 263 companies for Equity-to-Asset. This puts Northcoders Group in the upper half of its industry. The industry median Equity-to-Asset is 0.56. Northcoders Group's value of 0.57 is 1.8% above this benchmark. While the company's 10-year median is 0.53 vs. the industry median of 0.56, Northcoders 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 an Education company?
The median Equity-to-Asset among Education companies is 0.56, based on 263 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. Northcoders Group's current Equity-to-Asset of 0.57 is 1.8% 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 Northcoders Group and its competitors. For the Education 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. Northcoders Group's current Equity-to-Asset is 0.57, which is near median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northcoders Group stock overvalued right now?
Based on GuruFocus' analysis, Northcoders Group (LSE:CODE) is currently considered Possible Value Trap. The stock's GF Value™ is £0.96, compared to a current price of £0.20 — trading 79.7% below its estimated fair value. The current Equity-to-Asset is 0.57, which is near median its 10-year median of 0.53 and 1.8% above the Education industry median of 0.56. Northcoders Group's overall GF Score™ is 39/100 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 Northcoders Group (LSE:CODE), the current Equity-to-Asset is 0.57 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 Northcoders Group (LSE:CODE) Overvalued in 2026?
Based on GuruFocus' analysis, Northcoders Group stock appears to be undervalued.
The current stock price of £0.20 is trading 79.7% below its estimated GF Value™ of £0.96.
GuruFocus considers Northcoders Group to be Possible Value Trap.
Key valuation signals for LSE:CODE:
Equity-to-Asset: 0.57 (near median its 10-year median of 0.53)
GF Value™: £0.96 vs. price of £0.20 (79.7% below fair value)
Industry Position: 1.8% above the Education median (#126 of 263)
No single metric tells the full story. See the LSE:CODE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northcoders Group PLC is an independent provider of training programs for software coding. It offers a range of training and software development solutions to individual and corporate customers. Its offering includes bootcamp training courses, government-funded apprenticeships, bespoke training courses, and software development solutions.
39GF Score
Get the complete analysis for LSE:CODE
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
LSE:CODE has been successfully added to your 
