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Smart Capital SpAMIL:SMCAP 9 Equity-to-Asset is 0.52 as of Dec. 2025, which is 9% below its 10-year median of 0.57. GuruFocus rates MIL:SMCAP with a GF Score™ of 9/100. The stock has 4 warning signs investors should review. Among 1,633 Asset Management companies, Smart Capital SpA ranks worse than 80.16% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Smart Capital SpA's Total Stockholders Equity for the quarter that ended in Dec. 2025 was €49.59 Mil. Smart Capital SpA's Total Assets for the quarter that ended in Dec. 2025 was €95.07 Mil.
Therefore, Smart Capital SpA's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.52.
The historical rank and industry rank for Smart Capital SpA's Equity-to-Asset or its related term are showing as below:
MIL:SMCAP'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.48 Med: 0.57 Max: 0.63
Current: 0.52
During the past 4 years, the highest Equity to Asset Ratio of Smart Capital SpA was 0.63. The lowest was 0.48. And the median was 0.57.
MIL:SMCAP's Equity-to-Asset is ranked worse than 80.16% of 1633
companies
in the Asset Management industry
Industry Median: 0.83
vs MIL:SMCAP: 0.52
Smart Capital SpA (MIL:SMCAP) 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%.
Smart Capital SpA Equity-to-Asset Related Terms
Smart Capital SpA Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Smart Capital SpA'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.
MIL:SMCAP vs BLK, BX, KKR: Equity-to-Asset Comparison
For the Asset Management subindustry, Smart Capital SpA'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.
Smart Capital SpA Equity-to-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Smart Capital SpA's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Smart Capital SpA'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.
Smart Capital SpA'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.
Smart Capital SpA (MIL:SMCAP) 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 Smart Capital SpA and its competitors. This is near median its historical median of 0.57. Over the past decade, Smart Capital SpA's Equity-to-Asset has ranged from 0.48 to 0.63. According to the industry distribution chart, Smart Capital SpA ranks #1309 out of 1633 companies in the Asset Management industry, placing it in the top 80.2%.
Is Smart Capital SpA's Equity-to-Asset too high?
Smart Capital SpA's current Equity-to-Asset of 0.52 is near median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 0.63. The Asset Management industry median Equity-to-Asset is 0.83. Smart Capital SpA's value of 0.52 is 37.3% below this industry median. Based on the distribution chart, Smart Capital SpA ranks #1309 out of 1633 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Smart Capital SpA has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Smart Capital SpA's Equity-to-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Smart Capital SpA ranks #1309 out of 1633 companies for Equity-to-Asset. This places Smart Capital SpA in the lower half of its industry. The industry median Equity-to-Asset is 0.83. Smart Capital SpA's value of 0.52 is 37.3% below this benchmark. Historically, Smart Capital SpA's own Equity-to-Asset has ranged from 0.48 to 0.63 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.83, Smart Capital SpA 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 Asset Management company?
The median Equity-to-Asset among Asset Management companies is 0.83, based on 1,633 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. Smart Capital SpA's current Equity-to-Asset of 0.52 is 37.3% 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 Smart Capital SpA and its competitors. For the Asset Management industry, the median Equity-to-Asset is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Capital SpA's current Equity-to-Asset is 0.52, which is near median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Capital SpA stock overvalued right now?
Smart Capital SpA (MIL:SMCAP) has a current Equity-to-Asset of 0.52. The current Equity-to-Asset is 0.52, which is near median its 10-year median of 0.57 and 37.3% below the Asset Management industry median of 0.83. Smart Capital SpA's overall GF Score™ is 9/100 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 Smart Capital SpA (MIL:SMCAP), 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.
Smart Capital SpA is a permanent capital industrial holding company specializing in private investments in public equity (PIPE) and private equity, focusing on small and medium-sized Italian companies, listed, unlisted or in the pre-IPO phase, operating both in Italy and abroad. It is characterized, also in its investment approach, by an entrepreneurial and longterm DNA. The company's main activity consists of acquiring shares and other financial instruments that allow the purchase or subscription of shares, including in the context of capital increases, at the time of listing or subsequently (such as the PIPE), reserved placements, public subscription and sale offers.
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