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Major Drilling Group InternationalMJDLF +4.46%80 Equity-to-Asset is 0.73 as of Apr. 2026, which is at its 10-year median of 0.73. GuruFocus rates MJDLF with a GF Score™ of 80/100 and a GF Value™ of $8.43 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,671 Metals & Mining companies, Major Drilling Group International ranks worse than 55.75% on this metric.
The historical rank and industry rank for Major Drilling Group International's Equity-to-Asset or its related term are showing as below:
MJDLF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.65 Med: 0.73 Max: 0.83
Current: 0.73
During the past 13 years, the highest Equity to Asset Ratio of Major Drilling Group International was 0.83. The lowest was 0.65. And the median was 0.73.
MJDLF's Equity-to-Asset is ranked worse than 55.75% of 2671
companies
in the Metals & Mining industry
Industry Median: 0.8
vs MJDLF: 0.73
Major Drilling Group International (OTCPK:MJDLF) 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%.
Major Drilling Group International Equity-to-Asset Related Terms
Major Drilling Group International 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.
Major Drilling Group International Equity-to-Asset Chart
Major Drilling Group International Equity-to-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.
Major Drilling Group International Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Major Drilling Group International's Equity-to-Asset falls into.
Major Drilling Group International 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.
* 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.
Major Drilling Group International (MJDLF) has a Equity-to-Asset of 0.73 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Major Drilling Group International and its competitors. This is near median its historical median of 0.73. Over the past decade, Major Drilling Group International's Equity-to-Asset has ranged from 0.65 to 0.83. According to the industry distribution chart, Major Drilling Group International ranks #1489 out of 2671 companies in the Metals & Mining industry, placing it in the top 55.7%.
Is Major Drilling Group International's Equity-to-Asset too high?
Major Drilling Group International's current Equity-to-Asset of 0.73 is near median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 0.83. The Metals & Mining industry median Equity-to-Asset is 0.80. Major Drilling Group International's value of 0.73 is 8.8% below this industry median. Based on the distribution chart, Major Drilling Group International ranks #1489 out of 2671 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Major Drilling Group International has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Major Drilling Group International's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Major Drilling Group International ranks #1489 out of 2671 companies for Equity-to-Asset. This places Major Drilling Group International in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Major Drilling Group International's value of 0.73 is 8.8% below this benchmark. Historically, Major Drilling Group International's own Equity-to-Asset has ranged from 0.65 to 0.83 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.80, Major Drilling Group International 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 Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.80, based on 2,671 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. Major Drilling Group International's current Equity-to-Asset of 0.73 is 8.8% 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 Major Drilling Group International and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Drilling Group International's current Equity-to-Asset is 0.73, which is near median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Drilling Group International stock overvalued right now?
Based on GuruFocus' analysis, Major Drilling Group International (MJDLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.43, compared to a current price of $12.77 — trading 51.5% above its estimated fair value. The current Equity-to-Asset is 0.73, which is near median its 10-year median of 0.73 and 8.8% below the Metals & Mining industry median of 0.80. Major Drilling Group International's overall GF Score™ is 80/100 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 Major Drilling Group International (MJDLF), the current Equity-to-Asset is 0.73 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 Major Drilling Group International (MJDLF) Overvalued in 2026?
Based on GuruFocus' analysis, Major Drilling Group International stock appears to be overvalued.
The current stock price of $12.77 is trading 51.5% above its estimated GF Value™ of $8.43.
GuruFocus considers Major Drilling Group International to be Significantly Overvalued.
Key valuation signals for MJDLF:
Equity-to-Asset: 0.73 (near median its 10-year median of 0.73)
GF Value™: $8.43 vs. price of $12.77 (51.5% above fair value)
Industry Position: 8.8% below the Metals & Mining median (#1489 of 2671)
No single metric tells the full story. See the MJDLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Drilling Group International Inc consists of contract drilling for companies mainly involved in mining and mineral exploration. The Company has operations in North America, South America, Australia, Asia, and Africa. Its services are Surface Drilling Services, and Underground Drilling Services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which majority of its revenue comes from South and Central America.
80GF Score
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