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National Gas CoOGMUS:NGCI 29 Equity-to-Asset is 0.53 as of Jun. 2026, which is 43% above its 10-year median of 0.37. GuruFocus rates MUS:NGCI with a GF Score™ of 29/100 and a GF Value™ of ر.ع0.09 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 511 Utilities - Regulated companies, National Gas CoOG ranks better than 58.12% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. National Gas CoOG's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ر.ع18.96 Mil. National Gas CoOG's Total Assets for the quarter that ended in Jun. 2026 was ر.ع52.34 Mil.
Therefore, National Gas CoOG's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.53.
The historical rank and industry rank for National Gas CoOG's Equity-to-Asset or its related term are showing as below:
MUS:NGCI'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.37 Max: 0.4
Current: 0.4
During the past 13 years, the highest Equity to Asset Ratio of National Gas CoOG was 0.40. The lowest was 0.28. And the median was 0.37.
MUS:NGCI's Equity-to-Asset is ranked better than 58.12% of 511
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs MUS:NGCI: 0.40
National Gas CoOG (MUS:NGCI) 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%.
National Gas CoOG Equity-to-Asset Related Terms
National Gas CoOG Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for National Gas CoOG'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.
MUS:NGCI vs ATO, NI, UGI: Equity-to-Asset Comparison
For the Utilities - Regulated Gas subindustry, National Gas CoOG'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.
National Gas CoOG Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, National Gas CoOG's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where National Gas CoOG'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.
National Gas CoOG'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.
National Gas CoOG (MUS:NGCI) has a Equity-to-Asset of 0.53 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on National Gas CoOG and its competitors. This is 43% above median its historical median of 0.37. Over the past decade, National Gas CoOG's Equity-to-Asset has ranged from 0.28 to 0.40. According to the industry distribution chart, National Gas CoOG ranks #214 out of 511 companies in the Utilities - Regulated industry, placing it in the top 41.9%.
Is National Gas CoOG's Equity-to-Asset too high?
National Gas CoOG's current Equity-to-Asset of 0.53 is 43% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.40. The Utilities - Regulated industry median Equity-to-Asset is 0.36. National Gas CoOG's value of 0.53 is 47.2% above this industry median. Based on the distribution chart, National Gas CoOG ranks #214 out of 511 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, National Gas CoOG has a GF Score™ of 29/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Gas CoOG's Equity-to-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, National Gas CoOG ranks #214 out of 511 companies for Equity-to-Asset. This puts National Gas CoOG in the upper half of its industry. The industry median Equity-to-Asset is 0.36. National Gas CoOG's value of 0.53 is 47.2% above this benchmark. Historically, National Gas CoOG's own Equity-to-Asset has ranged from 0.28 to 0.40 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.36, National Gas CoOG 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 an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 511 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. National Gas CoOG's current Equity-to-Asset of 0.53 is 47.2% 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 National Gas CoOG and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Gas CoOG's current Equity-to-Asset is 0.53, which is 43% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Gas CoOG stock overvalued right now?
Based on GuruFocus' analysis, National Gas CoOG (MUS:NGCI) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.09, compared to a current price of ر.ع0.11 — trading 26.7% above its estimated fair value. The current Equity-to-Asset is 0.53, which is 43% above median its 10-year median of 0.37 and 47.2% above the Utilities - Regulated industry median of 0.36. National Gas CoOG's overall GF Score™ is 29/100 with 9 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 National Gas CoOG (MUS:NGCI), the current Equity-to-Asset is 0.53 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 National Gas CoOG (MUS:NGCI) Overvalued in 2026?
Based on GuruFocus' analysis, National Gas CoOG stock appears to be overvalued.
The current stock price of ر.ع0.11 is trading 26.7% above its estimated GF Value™ of ر.ع0.09.
GuruFocus considers National Gas CoOG to be Modestly Overvalued.
Key valuation signals for MUS:NGCI:
Equity-to-Asset: 0.53 (43% above median its 10-year median of 0.37)
GF Value™: ر.ع0.09 vs. price of ر.ع0.11 (26.7% above fair value)
Industry Position: 47.2% above the Utilities - Regulated median (#214 of 511)
No single metric tells the full story. See the MUS:NGCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Gas Co SAOG operates as a Liquefied Petroleum Gas filling plant. The company is engaged in the marketing, selling, and distribution of LPG. The group's only business segment is the marketing and selling of LPG. It operates a large fleet of tankers to lift bulk LPG from refineries in the Sultanate to its plants where it is bottled into cylinders in safe and controlled conditions. The company has different sizes of tankers to meet customer demand and reduce distribution costs. The company has different departments for project and design which takes care of design, engineering, procurement, installation, commissioning and testing of all projects and post-sale services.
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