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.
NetlistNLST +11.97%43 Equity-to-Asset is 0.32 as of Jun. 2026. GuruFocus rates NLST with a GF Score™ of 43/100 and a GF Value™ of $2.41 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,499 Hardware companies, Netlist ranks worse than 82.19% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Netlist's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $23.2 Mil. Netlist's Total Assets for the quarter that ended in Jun. 2026 was $73.3 Mil.
Therefore, Netlist's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.32.
The historical rank and industry rank for Netlist's Equity-to-Asset or its related term are showing as below:
NLST'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.69 Med: -0.08 Max: 0.59
Current: 0.32
During the past 13 years, the highest Equity to Asset Ratio of Netlist was 0.59. The lowest was -0.69. And the median was -0.08.
NLST's Equity-to-Asset is ranked worse than 82.19% of 2499
companies
in the Hardware industry
Industry Median: 0.57
vs NLST: 0.32
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%.
Netlist Equity-to-Asset Related Terms
Netlist Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Netlist'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.
NLST vs SCSC, EACO, CLMB: Equity-to-Asset Comparison
For the Electronics & Computer Distribution subindustry, Netlist'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.
Netlist Equity-to-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Netlist's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Netlist'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.
Netlist'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.
Netlist (NLST) has a Equity-to-Asset of 0.32 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Netlist and its competitors. According to the industry distribution chart, Netlist ranks #2054 out of 2499 companies in the Hardware industry, placing it in the top 82.2%.
Is Netlist's Equity-to-Asset too high?
Netlist's current Equity-to-Asset is 0.32. The Hardware industry median Equity-to-Asset is 0.57. Netlist's value of 0.32 is 43.9% below this industry median. Based on the distribution chart, Netlist ranks #2054 out of 2499 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Netlist has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Netlist's Equity-to-Asset compare to SCSC and EACO?
According to the Hardware industry distribution chart, Netlist ranks #2054 out of 2499 companies for Equity-to-Asset. This places Netlist in the lower half of its industry. The industry median Equity-to-Asset is 0.57. Netlist's value of 0.32 is 43.9% below 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 Hardware company?
The median Equity-to-Asset among Hardware companies is 0.57, based on 2,499 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. Netlist's current Equity-to-Asset of 0.32 is 43.9% 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 Netlist and its competitors. For the Hardware industry, the median Equity-to-Asset is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netlist's current Equity-to-Asset is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netlist stock overvalued right now?
Based on GuruFocus' analysis, Netlist (NLST) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.41, compared to a current price of $5.73 — trading 137.7% above its estimated fair value. The current Equity-to-Asset is 0.32 and 43.9% below the Hardware industry median of 0.57. Netlist's overall GF Score™ is 43/100 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 Netlist (NLST), the current Equity-to-Asset is 0.32 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 Netlist (NLST) Overvalued in 2026?
Based on GuruFocus' analysis, Netlist stock appears to be overvalued.
The current stock price of $5.73 is trading 137.7% above its estimated GF Value™ of $2.41.
GuruFocus considers Netlist to be Significantly Overvalued.
Key valuation signals for NLST:
Equity-to-Asset: 0.32
GF Value™: $2.41 vs. price of $5.73 (137.7% above fair value)
Industry Position: 43.9% below the Hardware median (#2054 of 2499)
No single metric tells the full story. See the NLST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netlist Inc is involved in the business of designing and manufacturing modular memory subsystems and also cloud service providers. Its products include Storage class memory, nonvolatile memory, enterprise SSD and embedded flash. The company's products are based on its proprietary technologies such as Presight technology, Distributed buffer architecture, IC design, PCB designs, Thermal management designs. Company has consistently driven innovation in the field of cutting-edge enterprise memory and storage, empowering businesses and industries to thrive in the digital age.
43GF Score
Get the complete analysis for NLST
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
NLST has been successfully added to your 
