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.
Merchants Financial GroupMFGI +1.32%53 Equity-to-Asset is 0.11 as of Jun. 2026, which is 10% above its 10-year median of 0.10. GuruFocus rates MFGI with a GF Score™ of 53/100 and a GF Value™ of $29.26 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,525 Banks companies, Merchants Financial Group ranks better than 64.2% on this metric.
Merchants Financial Group (OTCPK:MFGI) 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%.
Merchants Financial Group Equity-to-Asset Related Terms
Merchants Financial Group Equity-to-Asset Historical Data
* 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.
MFGI vs BFCC, TSBK, MSBC: Equity-to-Asset Comparison
For the Banks - Regional subindustry, Merchants Financial 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.
Merchants Financial Group Equity-to-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Merchants Financial Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Merchants Financial Group's Equity-to-Asset falls into.
Merchants Financial 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.
Merchants Financial 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.
Merchants Financial Group (MFGI) has a Equity-to-Asset of 0.11 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Merchants Financial Group and its competitors. This is 10% above median its historical median of 0.10. Over the past decade, Merchants Financial Group's Equity-to-Asset has ranged from 0.08 to 0.11. According to the industry distribution chart, Merchants Financial Group ranks #546 out of 1525 companies in the Banks industry, placing it in the top 35.8%.
Is Merchants Financial Group's Equity-to-Asset too high?
Merchants Financial Group's current Equity-to-Asset of 0.11 is 10% above median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.11. The Banks industry median Equity-to-Asset is 0.10. Merchants Financial Group's value of 0.11 is 10% above this industry median. Based on the distribution chart, Merchants Financial Group ranks #546 out of 1525 companies in the Banks industry, which is above the industry midpoint. Overall, Merchants Financial Group has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merchants Financial Group's Equity-to-Asset compare to BFCC and TSBK?
According to the Banks industry distribution chart, Merchants Financial Group ranks #546 out of 1525 companies for Equity-to-Asset. This puts Merchants Financial Group in the upper half of its industry. The industry median Equity-to-Asset is 0.10. Merchants Financial Group's value of 0.11 is 10% above this benchmark. Historically, Merchants Financial Group's own Equity-to-Asset has ranged from 0.08 to 0.11 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 0.10, Merchants Financial 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 Banks company?
The median Equity-to-Asset among Banks companies is 0.10, based on 1,525 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. Merchants Financial Group's current Equity-to-Asset of 0.11 is 10% 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 Merchants Financial Group and its competitors. For the Banks industry, the median Equity-to-Asset is 0.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merchants Financial Group's current Equity-to-Asset is 0.11, which is 10% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merchants Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Merchants Financial Group (MFGI) is currently considered Significantly Overvalued. The stock's GF Value™ is $29.26, compared to a current price of $42.25 — trading 44.4% above its estimated fair value. The current Equity-to-Asset is 0.11, which is 10% above median its 10-year median of 0.10 and 10% above the Banks industry median of 0.10. Merchants Financial Group's overall GF Score™ is 53/100 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 Merchants Financial Group (MFGI), the current Equity-to-Asset is 0.11 as of Jun. 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 Merchants Financial Group (MFGI) Overvalued in 2026?
Based on GuruFocus' analysis, Merchants Financial Group stock appears to be overvalued.
The current stock price of $42.25 is trading 44.4% above its estimated GF Value™ of $29.26.
GuruFocus considers Merchants Financial Group to be Significantly Overvalued.
Key valuation signals for MFGI:
Equity-to-Asset: 0.11 (10% above median its 10-year median of 0.10)
GF Value™: $29.26 vs. price of $42.25 (44.4% above fair value)
Industry Position: 10% above the Banks median (#546 of 1525)
No single metric tells the full story. See the MFGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merchants Financial Group Inc is a bank holding company. Through its banking subsidiary, it provides retail, commercial loans, and deposit services to individual as well as business customers. The various products and services offered by the Group include business credit cards, treasury management services, online and mobile banking services, different types of loans, checking accounts, saving accounts, digital wallet, military banking services, mortgage loans, etc. These services are offered through a network of branch offices and a leasing division across Winona, Goodview, Rushford, Lanesboro, St. Charles, Rochester, La Crescent, Caledonia, Spring Grove, and other locations in the USA.
53GF Score
Get the complete analysis for MFGI
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
MFGI has been successfully added to your 
