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Macy'sM -0.44%69 Equity-to-Asset is 0.30 as of Apr. 2026, which is 25% above its 10-year median of 0.24. GuruFocus rates M with a GF Score™ of 69/100 and a GF Value™ of $15.98 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,135 Retail - Cyclical companies, Macy's ranks worse than 72.86% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Macy's's Total Stockholders Equity for the quarter that ended in Apr. 2026 was $4,837 Mil. Macy's's Total Assets for the quarter that ended in Apr. 2026 was $16,306 Mil.
Therefore, Macy's's Equity to Asset Ratio for the quarter that ended in Apr. 2026 was 0.30.
The historical rank and industry rank for Macy's's Equity-to-Asset or its related term are showing as below:
M'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.24 Max: 0.34
Current: 0.3
During the past 13 years, the highest Equity to Asset Ratio of Macy's was 0.34. The lowest was 0.12. And the median was 0.24.
M's Equity-to-Asset is ranked worse than 72.86% of 1135
companies
in the Retail - Cyclical industry
Industry Median: 0.44
vs M: 0.30
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%.
Macy's Equity-to-Asset Related Terms
Macy's Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Macy's'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 Department Stores subindustry, Macy's'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.
Macy's Equity-to-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Macy's's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Macy's'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.
Macy's's Equity to Asset Ratio for the fiscal year that ended in Jan. 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.
Macy's (M) has a Equity-to-Asset of 0.30 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Macy's and its competitors. This is 25% above median its historical median of 0.24. Over the past decade, Macy's' Equity-to-Asset has ranged from 0.12 to 0.34. According to the industry distribution chart, Macy's ranks #827 out of 1135 companies in the Retail - Cyclical industry, placing it in the top 72.9%.
Is Macy's' Equity-to-Asset too high?
Macy's' current Equity-to-Asset of 0.30 is 25% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.34. The Retail - Cyclical industry median Equity-to-Asset is 0.44. Macy's' value of 0.30 is 31.8% below this industry median. Based on the distribution chart, Macy's ranks #827 out of 1135 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Macy's has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macy's' Equity-to-Asset compare to DDS and PLBL?
According to the Retail - Cyclical industry distribution chart, Macy's ranks #827 out of 1135 companies for Equity-to-Asset. This places Macy's in the lower half of its industry. The industry median Equity-to-Asset is 0.44. Macy's' value of 0.30 is 31.8% below this benchmark. Historically, Macy's' own Equity-to-Asset has ranged from 0.12 to 0.34 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.44, Macy's 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 Retail - Cyclical company?
The median Equity-to-Asset among Retail - Cyclical companies is 0.44, based on 1,135 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. Macy's's current Equity-to-Asset of 0.30 is 31.8% 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 Macy's and its competitors. For the Retail - Cyclical 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. Macy's's current Equity-to-Asset is 0.30, which is 25% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macy's stock overvalued right now?
Based on GuruFocus' analysis, Macy's (M) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.98, compared to a current price of $24.82 — trading 55.3% above its estimated fair value. The current Equity-to-Asset is 0.30, which is 25% above median its 10-year median of 0.24 and 31.8% below the Retail - Cyclical industry median of 0.44. Macy's' overall GF Score™ is 69/100 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 Macy's (M), the current Equity-to-Asset is 0.30 as of Apr. 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 Macy's (M) Overvalued in 2026?
Based on GuruFocus' analysis, Macy's stock appears to be overvalued.
The current stock price of $24.82 is trading 55.3% above its estimated GF Value™ of $15.98.
GuruFocus considers Macy's to be Significantly Overvalued.
Key valuation signals for M:
Equity-to-Asset: 0.30 (25% above median its 10-year median of 0.24)
GF Value™: $15.98 vs. price of $24.82 (55.3% above fair value)
Industry Position: 31.8% below the Retail - Cyclical median (#827 of 1135)
No single metric tells the full story. See the M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1858 and based in New York City, Macy's operates about 430 eponymous stores, 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's names, and 170 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 64% of 2025 net retail sales.
69GF Score
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