First Property Group (LSE:FPO) Equity-to-Asset: 0.69 (As of Mar. 2026) — 44% Above Median

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Director of Data and Quant Analytics at GuruFocus
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LSE:FPO First Property Group PLC LSE:FPO
33 GF Score
Price £0.14
GF Value £0.13
Valuation Fairly Valued
! 5 Warning Signs
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What is First Property Group Equity-to-Asset?

First Property Group LSE:FPO 33 Equity-to-Asset is 0.69 as of Mar. 2026, which is 44% above its 10-year median of 0.48. GuruFocus rates LSE:FPO with a GF Score™ of 33/100 and a GF Value™ of £0.13 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,801 Real Estate companies, First Property Group ranks better than 79.34% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. First Property Group's Total Stockholders Equity for the quarter that ended in Mar. 2026 was £48.22 Mil. First Property Group's Total Assets for the quarter that ended in Mar. 2026 was £69.90 Mil. Therefore, First Property Group's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.69.

The historical rank and industry rank for First Property Group's Equity-to-Asset or its related term are showing as below:

LSE:FPO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23   Med: 0.48   Max: 0.69
Current: 0.69

During the past 13 years, the highest Equity to Asset Ratio of First Property Group was 0.69. The lowest was 0.23. And the median was 0.48.

LSE:FPO's Equity-to-Asset is ranked better than
79.34% of 1801 companies
in the Real Estate industry
Industry Median: 0.44 vs LSE:FPO: 0.69

First Property Group  (LSE:FPO) 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%.


First Property Group Equity-to-Asset Related Terms


First Property Group Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for First Property 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.

First Property Group Equity-to-Asset Chart

First Property Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.52 0.51 0.57 0.69

First Property Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.51 0.56 0.57 0.69 0.69

LSE:FPO vs CBRE, BEKE, JLL: Equity-to-Asset Comparison

For the Real Estate Services subindustry, First Property 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.


First Property Group Equity-to-Asset vs Real Estate Industry

For the Real Estate industry and Real Estate sector, First Property Group's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where First Property Group's Equity-to-Asset falls into.


LSE:FPO
33GF Score
First Property Group PLC LSE:FPO
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Property Group 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.

First Property Group's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Equity to Asset (A: Mar. 2026 )=Total Stockholders Equity/Total Assets
=48.219/69.897
=0.69

First Property Group's Equity to Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

Equity to Asset (Q: Mar. 2026 )=Total Stockholders Equity/Total Assets
=48.219/69.897
=0.69

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.69 mean?
First Property Group (LSE:FPO) has a Equity-to-Asset of 0.69 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Property Group and its competitors. This is 44% above median its historical median of 0.48. Over the past decade, First Property Group's Equity-to-Asset has ranged from 0.23 to 0.69. According to the industry distribution chart, First Property Group ranks #372 out of 1801 companies in the Real Estate industry, placing it in the top 20.7%.
Is First Property Group's Equity-to-Asset too high?
First Property Group's current Equity-to-Asset of 0.69 is 44% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.69. The Real Estate industry median Equity-to-Asset is 0.44. First Property Group's value of 0.69 is 56.8% above this industry median. Based on the distribution chart, First Property Group ranks #372 out of 1801 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, First Property Group has a GF Score™ of 33/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Property Group's Equity-to-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, First Property Group ranks #372 out of 1801 companies for Equity-to-Asset. This places First Property Group in the top 21% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.44. First Property Group's value of 0.69 is 56.8% above this benchmark. Historically, First Property Group's own Equity-to-Asset has ranged from 0.23 to 0.69 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.44, First Property 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 Real Estate company?
The median Equity-to-Asset among Real Estate companies is 0.44, based on 1,801 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. First Property Group's current Equity-to-Asset of 0.69 is 56.8% 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 First Property Group and its competitors. For the Real Estate industry, the median Equity-to-Asset is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Property Group's current Equity-to-Asset is 0.69, which is 44% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Property Group stock overvalued right now?
Based on GuruFocus' analysis, First Property Group (LSE:FPO) is currently considered Fairly Valued. The stock's GF Value™ is £0.13, compared to a current price of £0.14 — trading 3.8% above its estimated fair value. The current Equity-to-Asset is 0.69, which is 44% above median its 10-year median of 0.48 and 56.8% above the Real Estate industry median of 0.44. First Property Group's overall GF Score™ is 33/100 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 First Property Group (LSE:FPO), the current Equity-to-Asset is 0.69 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 First Property Group (LSE:FPO) Overvalued in 2026?

Based on GuruFocus' analysis, First Property Group stock appears to be overvalued. The current stock price of £0.14 is trading 3.8% above its estimated GF Value™ of £0.13. GuruFocus considers First Property Group to be Fairly Valued.

Key valuation signals for LSE:FPO:

  • Equity-to-Asset: 0.69 (44% above median its 10-year median of 0.48)
  • GF Value™: £0.13 vs. price of £0.14 (3.8% above fair value)
  • GF Score™: 33/100 with 5 warning signs
  • Industry Position: 56.8% above the Real Estate median (#372 of 1801)

No single metric tells the full story. See the LSE:FPO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Property Group Business Description

Address 32 St James’s Street, London, GBR, SW1A 1HD
First Property Group PLC is a property fund manager and investor with operations in the United Kingdom and Central Europe mainly in Poland. The company is organized into three segments including Property Fund Management, Group Properties, and the Associates and Investments. It generates the majority of its revenue from the Group Properties segment. The Group Properties segment comprises the revenues and profits from its trading in its properties including rental and service charge income from the properties owned by the company.
33GF Score

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Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.14
Price
£0.13
GF Value