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FCMB GroupNSA:FCMB 53 Equity-to-Asset is 0.14 as of Mar. 2026, which is 27% above its 10-year median of 0.11. GuruFocus rates NSA:FCMB with a GF Score™ of 53/100 and a GF Value™ of ₦7.14 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,526 Banks companies, FCMB Group ranks better than 83.22% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. FCMB Group's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₦1,139,081 Mil. FCMB Group's Total Assets for the quarter that ended in Mar. 2026 was ₦7,964,006 Mil.
Therefore, FCMB Group's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.14.
The historical rank and industry rank for FCMB Group's Equity-to-Asset or its related term are showing as below:
NSA:FCMB'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.09 Med: 0.11 Max: 0.16
Current: 0.14
During the past 13 years, the highest Equity to Asset Ratio of FCMB Group was 0.16. The lowest was 0.09. And the median was 0.11.
NSA:FCMB's Equity-to-Asset is ranked better than 83.22% of 1526
companies
in the Banks industry
Industry Median: 0.1
vs NSA:FCMB: 0.14
FCMB Group (NSA:FCMB) 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%.
FCMB Group Equity-to-Asset Related Terms
FCMB Group Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for FCMB Group'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.
For the Banks - Regional subindustry, FCMB Group'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.
FCMB Group Equity-to-Asset vs Banks Industry
For the Banks industry and Financial Services sector, FCMB Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where FCMB Group'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.
FCMB Group'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.
FCMB Group (NSA:FCMB) has a Equity-to-Asset of 0.14 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on FCMB Group and its competitors. This is 27% above median its historical median of 0.11. Over the past decade, FCMB Group's Equity-to-Asset has ranged from 0.09 to 0.16. According to the industry distribution chart, FCMB Group ranks #256 out of 1526 companies in the Banks industry, placing it in the top 16.8%.
Is FCMB Group's Equity-to-Asset too high?
FCMB Group's current Equity-to-Asset of 0.14 is 27% above median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.16. The Banks industry median Equity-to-Asset is 0.10. FCMB Group's value of 0.14 is 40% above this industry median. Based on the distribution chart, FCMB Group ranks #256 out of 1526 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, FCMB Group has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FCMB Group's Equity-to-Asset compare to PNC?
According to the Banks industry distribution chart, FCMB Group ranks #256 out of 1526 companies for Equity-to-Asset. This places FCMB Group in the top 17% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.10. FCMB Group's value of 0.14 is 40% above this benchmark. Historically, FCMB Group's own Equity-to-Asset has ranged from 0.09 to 0.16 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.10, FCMB Group 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 a Banks company?
The median Equity-to-Asset among Banks companies is 0.10, based on 1,526 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. FCMB Group's current Equity-to-Asset of 0.14 is 40% 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 FCMB Group and its competitors. For the Banks industry, the median Equity-to-Asset is 0.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FCMB Group's current Equity-to-Asset is 0.14, which is 27% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FCMB Group stock overvalued right now?
Based on GuruFocus' analysis, FCMB Group (NSA:FCMB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦7.14, compared to a current price of ₦12.00 — trading 68.1% above its estimated fair value. The current Equity-to-Asset is 0.14, which is 27% above median its 10-year median of 0.11 and 40% above the Banks industry median of 0.10. FCMB Group's overall GF Score™ is 53/100 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 FCMB Group (NSA:FCMB), the current Equity-to-Asset is 0.14 as of Mar. 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 FCMB Group (NSA:FCMB) Overvalued in 2026?
Based on GuruFocus' analysis, FCMB Group stock appears to be overvalued.
The current stock price of ₦12.00 is trading 68.1% above its estimated GF Value™ of ₦7.14.
GuruFocus considers FCMB Group to be Significantly Overvalued.
Key valuation signals for NSA:FCMB:
Equity-to-Asset: 0.14 (27% above median its 10-year median of 0.11)
GF Value™: ₦7.14 vs. price of ₦12.00 (68.1% above fair value)
Industry Position: 40% above the Banks median (#256 of 1526)
No single metric tells the full story. See the NSA:FCMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FCMB Group PLC provides banking services. Its segments include Investment Banking, Investment Management, SME Banking, Commercial Banking, Corporate Banking, Personal Banking, Institutional Banking, and Treasury and Financial Markets. The majority of the revenue is derived from Corporate Banking which incorporates direct debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, foreign currency and derivative products. The corporate banking business unit caters for the specific needs of companies and financial institutions. It operates in two geographic regions, being: Nigeria and Europe (UK).
53GF Score
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