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.
LightAir ABNGM:LAIR +5.15%24 Equity-to-Asset is 0.43 as of Jun. 2026, which is 27% below its 10-year median of 0.59. GuruFocus rates NGM:LAIR with a GF Score™ of 24/100 and a GF Value™ of kr0.12 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 3,084 Industrial Products companies, LightAir AB ranks worse than 62.97% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. LightAir AB's Total Stockholders Equity for the quarter that ended in Jun. 2026 was kr15.49 Mil. LightAir AB's Total Assets for the quarter that ended in Jun. 2026 was kr35.77 Mil.
Therefore, LightAir AB's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.43.
The historical rank and industry rank for LightAir AB's Equity-to-Asset or its related term are showing as below:
NGM:LAIR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.59 Max: 0.89
Current: 0.43
During the past 13 years, the highest Equity to Asset Ratio of LightAir AB was 0.89. The lowest was 0.17. And the median was 0.59.
NGM:LAIR's Equity-to-Asset is ranked worse than 62.97% of 3084
companies
in the Industrial Products industry
Industry Median: 0.56
vs NGM:LAIR: 0.43
LightAir AB (NGM:LAIR) 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%.
LightAir AB Equity-to-Asset Related Terms
LightAir AB Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for LightAir AB'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.
NGM:LAIR vs VLTO, ZWS, CECO: Equity-to-Asset Comparison
For the Pollution & Treatment Controls subindustry, LightAir AB'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.
LightAir AB Equity-to-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, LightAir AB's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where LightAir AB'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.
LightAir AB'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.
LightAir AB (NGM:LAIR) has a Equity-to-Asset of 0.43 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on LightAir AB and its competitors. This is 27% below median its historical median of 0.59. Over the past decade, LightAir AB's Equity-to-Asset has ranged from 0.17 to 0.89. According to the industry distribution chart, LightAir AB ranks #1942 out of 3084 companies in the Industrial Products industry, placing it in the top 63%.
Is LightAir AB's Equity-to-Asset too high?
LightAir AB's current Equity-to-Asset of 0.43 is 27% below median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.89. The Industrial Products industry median Equity-to-Asset is 0.56. LightAir AB's value of 0.43 is 23.2% below this industry median. Based on the distribution chart, LightAir AB ranks #1942 out of 3084 companies in the Industrial Products industry, which is below the industry midpoint. Overall, LightAir AB has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LightAir AB's Equity-to-Asset compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, LightAir AB ranks #1942 out of 3084 companies for Equity-to-Asset. This places LightAir AB in the lower half of its industry. The industry median Equity-to-Asset is 0.56. LightAir AB's value of 0.43 is 23.2% below this benchmark. Historically, LightAir AB's own Equity-to-Asset has ranged from 0.17 to 0.89 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.56, LightAir AB 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 Industrial Products company?
The median Equity-to-Asset among Industrial Products companies is 0.56, based on 3,084 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. LightAir AB's current Equity-to-Asset of 0.43 is 23.2% 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 LightAir AB and its competitors. For the Industrial Products industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LightAir AB's current Equity-to-Asset is 0.43, which is 27% below median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LightAir AB stock overvalued right now?
Based on GuruFocus' analysis, LightAir AB (NGM:LAIR) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.12, compared to a current price of kr1.02 — trading 750% above its estimated fair value. The current Equity-to-Asset is 0.43, which is 27% below median its 10-year median of 0.59 and 23.2% below the Industrial Products industry median of 0.56. LightAir AB's overall GF Score™ is 24/100 with 6 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 LightAir AB (NGM:LAIR), the current Equity-to-Asset is 0.43 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 LightAir AB (NGM:LAIR) Overvalued in 2026?
Based on GuruFocus' analysis, LightAir AB stock appears to be overvalued.
The current stock price of kr1.02 is trading 750% above its estimated GF Value™ of kr0.12.
GuruFocus considers LightAir AB to be Significantly Overvalued.
Key valuation signals for NGM:LAIR:
Equity-to-Asset: 0.43 (27% below median its 10-year median of 0.59)
GF Value™: kr0.12 vs. price of kr1.02 (750% above fair value)
Industry Position: 23.2% below the Industrial Products median (#1942 of 3084)
No single metric tells the full story. See the NGM:LAIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LightAir AB is engaged in manufacturing and selling of air purifiers used for different industrial purposes such as traffic pollution, pet allergen, industrial pollution, smoke, and others. Its Air purifiers products include IonFlow Signature, IonFlow Evolution, IonFlow Style, IonFlow Surface, and others. The company distributes its products in Europe, Asia, and North America.
24GF Score
Get the complete analysis for NGM:LAIR
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
NGM:LAIR has been successfully added to your 
