MEC (Mayville Engineering Co) Equity-to-Asset: 0.40 (As of Mar. 2026) — 18% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

MEC Mayville Engineering Co Inc MEC
74 GF Score
Price $25.67
GF Value $15.72
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Mayville Engineering Co Equity-to-Asset?

Mayville Engineering Co MEC -0.85% 74 Equity-to-Asset is 0.40 as of Mar. 2026, which is 18% below its 10-year median of 0.49. GuruFocus rates MEC with a GF Score™ of 74/100 and a GF Value™ of $15.72 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,079 Industrial Products companies, Mayville Engineering Co ranks worse than 76.06% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Mayville Engineering Co's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $232.2 Mil. Mayville Engineering Co's Total Assets for the quarter that ended in Mar. 2026 was $578.1 Mil. Therefore, Mayville Engineering Co's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.40.

The historical rank and industry rank for Mayville Engineering Co's Equity-to-Asset or its related term are showing as below:

MEC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.26   Med: 0.49   Max: 0.59
Current: 0.4

During the past 9 years, the highest Equity to Asset Ratio of Mayville Engineering Co was 0.59. The lowest was 0.26. And the median was 0.49.

MEC's Equity-to-Asset is ranked worse than
76.06% of 3079 companies
in the Industrial Products industry
Industry Median: 0.57 vs MEC: 0.40

Mayville Engineering Co  (NYSE:MEC) 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%.


Mayville Engineering Co Equity-to-Asset Related Terms


Mayville Engineering Co Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Mayville Engineering Co'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.

Mayville Engineering Co Equity-to-Asset Chart

Mayville Engineering Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only 0.52 0.49 0.46 0.57 0.43

Mayville Engineering Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.56 0.57 0.42 0.43 0.40

MEC vs IIIN, TG, LQMT: Equity-to-Asset Comparison

For the Metal Fabrication subindustry, Mayville Engineering Co'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.


Mayville Engineering Co Equity-to-Asset vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mayville Engineering Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Mayville Engineering Co's Equity-to-Asset falls into.


MEC
74GF Score
Mayville Engineering Co Inc MEC
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mayville Engineering Co 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.

Mayville Engineering Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=240.737/563.64
=0.43

Mayville Engineering Co'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
=232.186/578.072
=0.40

* 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 0.40 mean?
Mayville Engineering Co (MEC) has a Equity-to-Asset of 0.40 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Mayville Engineering Co and its competitors. This is 18% below median its historical median of 0.49. Over the past decade, Mayville Engineering Co's Equity-to-Asset has ranged from 0.26 to 0.59. According to the industry distribution chart, Mayville Engineering Co ranks #2342 out of 3079 companies in the Industrial Products industry, placing it in the top 76.1%.
Is Mayville Engineering Co's Equity-to-Asset too high?
Mayville Engineering Co's current Equity-to-Asset of 0.40 is 18% below median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.59. The Industrial Products industry median Equity-to-Asset is 0.57. Mayville Engineering Co's value of 0.40 is 29.8% below this industry median. Based on the distribution chart, Mayville Engineering Co ranks #2342 out of 3079 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Mayville Engineering Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mayville Engineering Co's Equity-to-Asset compare to IIIN and TG?
According to the Industrial Products industry distribution chart, Mayville Engineering Co ranks #2342 out of 3079 companies for Equity-to-Asset. This places Mayville Engineering Co in the lower half of its industry. The industry median Equity-to-Asset is 0.57. Mayville Engineering Co's value of 0.40 is 29.8% below this benchmark. Historically, Mayville Engineering Co's own Equity-to-Asset has ranged from 0.26 to 0.59 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.57, Mayville Engineering Co 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 an Industrial Products company?
The median Equity-to-Asset among Industrial Products companies is 0.57, based on 3,079 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. Mayville Engineering Co's current Equity-to-Asset of 0.40 is 29.8% 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 Mayville Engineering Co and its competitors. For the Industrial Products industry, the median Equity-to-Asset is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayville Engineering Co's current Equity-to-Asset is 0.40, which is 18% below median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayville Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Mayville Engineering Co (MEC) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.72, compared to a current price of $25.67 — trading 63.3% above its estimated fair value. The current Equity-to-Asset is 0.40, which is 18% below median its 10-year median of 0.49 and 29.8% below the Industrial Products industry median of 0.57. Mayville Engineering Co's overall GF Score™ is 74/100 with 4 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 Mayville Engineering Co (MEC), the current Equity-to-Asset is 0.40 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 Mayville Engineering Co (MEC) Overvalued in 2026?

Based on GuruFocus' analysis, Mayville Engineering Co stock appears to be overvalued. The current stock price of $25.67 is trading 63.3% above its estimated GF Value™ of $15.72. GuruFocus considers Mayville Engineering Co to be Significantly Overvalued.

Key valuation signals for MEC:

  • Equity-to-Asset: 0.40 (18% below median its 10-year median of 0.49)
  • GF Value™: $15.72 vs. price of $25.67 (63.3% above fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 29.8% below the Industrial Products median (#2342 of 3079)

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


Mayville Engineering Co Business Description

Address 135 South 84th Street, Suite 300, Milwaukee, WI, USA, 53214
Mayville Engineering Co Inc is involved in a manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services.
74GF Score

Get the complete analysis for MEC

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

$25.67
Price
$15.72
GF Value