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MichelinMEX:ML 85 Equity-to-Asset is 0.52 as of Dec. 2025, which is 18% above its 10-year median of 0.44. GuruFocus rates MEX:ML with a GF Score™ of 85/100 and a GF Value™ of MXN643.57. The stock has 7 warning signs investors should review. Among 1,332 Vehicles & Parts companies, Michelin ranks better than 56.46% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Michelin's Total Stockholders Equity for the quarter that ended in Dec. 2025 was MXN381,029 Mil. Michelin's Total Assets for the quarter that ended in Dec. 2025 was MXN738,318 Mil.
Therefore, Michelin's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.52.
The historical rank and industry rank for Michelin's Equity-to-Asset or its related term are showing as below:
MEX:ML'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4 Med: 0.44 Max: 0.52
Current: 0.52
During the past 13 years, the highest Equity to Asset Ratio of Michelin was 0.52. The lowest was 0.40. And the median was 0.44.
MEX:ML's Equity-to-Asset is ranked better than 56.46% of 1332
companies
in the Vehicles & Parts industry
Industry Median: 0.49
vs MEX:ML: 0.52
Michelin (MEX:ML) 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%.
Michelin Equity-to-Asset Related Terms
Michelin Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Michelin'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.
MEX:ML vs ORLY, AZO, GPC: Equity-to-Asset Comparison
For the Auto Parts subindustry, Michelin'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.
Michelin Equity-to-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Michelin's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Michelin'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.
Michelin'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.
Michelin (MEX:ML) has a Equity-to-Asset of 0.52 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Michelin and its competitors. This is 18% above median its historical median of 0.44. Over the past decade, Michelin's Equity-to-Asset has ranged from 0.40 to 0.52. According to the industry distribution chart, Michelin ranks #580 out of 1332 companies in the Vehicles & Parts industry, placing it in the top 43.5%.
Is Michelin's Equity-to-Asset too high?
Michelin's current Equity-to-Asset of 0.52 is 18% above median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.52. The Vehicles & Parts industry median Equity-to-Asset is 0.49. Michelin's value of 0.52 is 6.1% above this industry median. Based on the distribution chart, Michelin ranks #580 out of 1332 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Michelin has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Michelin's Equity-to-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Michelin ranks #580 out of 1332 companies for Equity-to-Asset. This puts Michelin in the upper half of its industry. The industry median Equity-to-Asset is 0.49. Michelin's value of 0.52 is 6.1% above this benchmark. Historically, Michelin's own Equity-to-Asset has ranged from 0.40 to 0.52 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.49, Michelin 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 Vehicles & Parts company?
The median Equity-to-Asset among Vehicles & Parts companies is 0.49, based on 1,332 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. Michelin's current Equity-to-Asset of 0.52 is 6.1% 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 Michelin and its competitors. For the Vehicles & Parts industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Michelin's current Equity-to-Asset is 0.52, which is 18% above median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Michelin stock overvalued right now?
Michelin (MEX:ML) has a current Equity-to-Asset of 0.52. The stock's GF Value™ is MXN643.57, compared to a current price of MXN733.29 — trading 13.9% above its estimated fair value. The current Equity-to-Asset is 0.52, which is 18% above median its 10-year median of 0.44 and 6.1% above the Vehicles & Parts industry median of 0.49. Michelin's overall GF Score™ is 85/100 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 Michelin (MEX:ML), the current Equity-to-Asset is 0.52 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 Michelin (MEX:ML) Overvalued in 2026?
Based on GuruFocus' analysis, Michelin stock appears to be overvalued.
The current stock price of MXN733.29 is trading 13.9% above its estimated GF Value™ of MXN643.57.
Key valuation signals for MEX:ML:
Equity-to-Asset: 0.52 (18% above median its 10-year median of 0.44)
GF Value™: MXN643.57 vs. price of MXN733.29 (13.9% above fair value)
Industry Position: 6.1% above the Vehicles & Parts median (#580 of 1332)
No single metric tells the full story. See the MEX:ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and two-wheel; Road transportation; and Specialty businesses. The company generates maximum revenue from Automotive segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the majority part in the Road transportation and related distribution segment.
85GF Score
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