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The9NCTY -15.96%47 Equity-to-Asset is 0.68 as of Jun. 2026. GuruFocus rates NCTY with a GF Score™ of 47/100 and a GF Value™ of $2.67 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 811 Capital Markets companies, The9 ranks better than 63.01% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The9's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $99.84 Mil. The9's Total Assets for the quarter that ended in Jun. 2026 was $146.56 Mil.
Therefore, The9's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.68.
The historical rank and industry rank for The9's Equity-to-Asset or its related term are showing as below:
NCTY'
s Equity-to-Asset Range Over the Past 10 Years
Min: -5.94 Med: -0.19 Max: 0.7
Current: 0.68
During the past 13 years, the highest Equity to Asset Ratio of The9 was 0.70. The lowest was -5.94. And the median was -0.19.
NCTY's Equity-to-Asset is ranked better than 63.01% of 811
companies
in the Capital Markets industry
Industry Median: 0.51
vs NCTY: 0.68
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%.
The9 Equity-to-Asset Related Terms
The9 Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for The9'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.
NCTY vs BTCS, AUC, CFOR: Equity-to-Asset Comparison
For the Capital Markets subindustry, The9'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.
The9 Equity-to-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, The9's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where The9'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.
The9'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.
The9 (NCTY) has a Equity-to-Asset of 0.68 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on The9 and its competitors. According to the industry distribution chart, The9 ranks #300 out of 811 companies in the Capital Markets industry, placing it in the top 37%.
Is The9's Equity-to-Asset too high?
The9's current Equity-to-Asset is 0.68. The Capital Markets industry median Equity-to-Asset is 0.51. The9's value of 0.68 is 33.3% above this industry median. Based on the distribution chart, The9 ranks #300 out of 811 companies in the Capital Markets industry, which is above the industry midpoint. Overall, The9 has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The9's Equity-to-Asset compare to BTCS and AUC?
According to the Capital Markets industry distribution chart, The9 ranks #300 out of 811 companies for Equity-to-Asset. This puts The9 in the upper half of its industry. The industry median Equity-to-Asset is 0.51. The9's value of 0.68 is 33.3% above this benchmark. 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 Capital Markets company?
The median Equity-to-Asset among Capital Markets companies is 0.51, based on 811 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. The9's current Equity-to-Asset of 0.68 is 33.3% 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 The9 and its competitors. For the Capital Markets industry, the median Equity-to-Asset is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The9's current Equity-to-Asset is 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The9 stock overvalued right now?
Based on GuruFocus' analysis, The9 (NCTY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.67, compared to a current price of $3.79 — trading 41.9% above its estimated fair value. The current Equity-to-Asset is 0.68 and 33.3% above the Capital Markets industry median of 0.51. The9's overall GF Score™ is 47/100 with 8 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 The9 (NCTY), the current Equity-to-Asset is 0.68 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 The9 (NCTY) Overvalued in 2026?
Based on GuruFocus' analysis, The9 stock appears to be overvalued.
The current stock price of $3.79 is trading 41.9% above its estimated GF Value™ of $2.67.
GuruFocus considers The9 to be Significantly Overvalued.
Key valuation signals for NCTY:
Equity-to-Asset: 0.68
GF Value™: $2.67 vs. price of $3.79 (41.9% above fair value)
Industry Position: 33.3% above the Capital Markets median (#300 of 811)
No single metric tells the full story. See the NCTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The9 Ltd operates a cryptocurrency mining business. It provides computing power, or hash rate, to a Bitcoin mining pool and is entitled to receive a fractional share of Bitcoin award from the Bitcoin mining pool in return. The company generates its revenues from customers in Greater China, Asia/Eastern Europe, and North America. Its segments are: Crypto mining business, and Online game services, out of which Crypto mining business derives maximum revenue.
47GF Score
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