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.
Neste OYJNTOIF +6.91%75 Equity-to-Asset is 0.49 as of Jun. 2026, which is 8% below its 10-year median of 0.53. GuruFocus rates NTOIF with a GF Score™ of 75/100 and a GF Value™ of $21.12 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,027 Oil & Gas companies, Neste OYJ ranks better than 50.44% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Neste OYJ's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $9,744 Mil. Neste OYJ's Total Assets for the quarter that ended in Jun. 2026 was $20,032 Mil.
Therefore, Neste OYJ's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.49.
The historical rank and industry rank for Neste OYJ's Equity-to-Asset or its related term are showing as below:
NTOIF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.43 Med: 0.53 Max: 0.66
Current: 0.49
During the past 13 years, the highest Equity to Asset Ratio of Neste OYJ was 0.66. The lowest was 0.43. And the median was 0.53.
NTOIF's Equity-to-Asset is ranked better than 50.44% of 1027
companies
in the Oil & Gas industry
Industry Median: 0.49
vs NTOIF: 0.49
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%.
Neste OYJ Equity-to-Asset Related Terms
Neste OYJ Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Neste OYJ'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.
NTOIF vs MPC, VLO, PSX: Equity-to-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.
Neste OYJ Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Neste OYJ's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Neste OYJ'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.
Neste OYJ'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.
Neste OYJ (NTOIF) has a Equity-to-Asset of 0.49 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Neste OYJ and its competitors. This is near median its historical median of 0.53. Over the past decade, Neste OYJ's Equity-to-Asset has ranged from 0.43 to 0.66. According to the industry distribution chart, Neste OYJ ranks #509 out of 1027 companies in the Oil & Gas industry, placing it in the top 49.6%.
Is Neste OYJ's Equity-to-Asset too high?
Neste OYJ's current Equity-to-Asset of 0.49 is near median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.66. The Oil & Gas industry median Equity-to-Asset is 0.49. Neste OYJ's value of 0.49 is 0% at this industry median. Based on the distribution chart, Neste OYJ ranks #509 out of 1027 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Neste OYJ has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Neste OYJ's Equity-to-Asset compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Neste OYJ ranks #509 out of 1027 companies for Equity-to-Asset. This puts Neste OYJ in the upper half of its industry. The industry median Equity-to-Asset is 0.49. Neste OYJ's value of 0.49 is 0% at this benchmark. Historically, Neste OYJ's own Equity-to-Asset has ranged from 0.43 to 0.66 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.49, Neste OYJ has consistently been at 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 Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,027 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. Neste OYJ's current Equity-to-Asset of 0.49 is 0% at 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 Neste OYJ and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neste OYJ's current Equity-to-Asset is 0.49, which is near median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neste OYJ stock overvalued right now?
Based on GuruFocus' analysis, Neste OYJ (NTOIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.12, compared to a current price of $36.07 — trading 70.8% above its estimated fair value. The current Equity-to-Asset is 0.49, which is near median its 10-year median of 0.53 and 0% at the Oil & Gas industry median of 0.49. Neste OYJ's overall GF Score™ is 75/100 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 Neste OYJ (NTOIF), the current Equity-to-Asset is 0.49 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 Neste OYJ (NTOIF) Overvalued in 2026?
Based on GuruFocus' analysis, Neste OYJ stock appears to be overvalued.
The current stock price of $36.07 is trading 70.8% above its estimated GF Value™ of $21.12.
GuruFocus considers Neste OYJ to be Significantly Overvalued.
Key valuation signals for NTOIF:
Equity-to-Asset: 0.49 (near median its 10-year median of 0.53)
GF Value™: $21.12 vs. price of $36.07 (70.8% above fair value)
Industry Position: 0% at the Oil & Gas median (#509 of 1027)
No single metric tells the full story. See the NTOIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neste OYJ is a producer of renewable diesel and sustainable aviation fuel (SAF), with production on three continents. The group also produces oil products and has a network of several fuel stations with expanding service offerings, such as EV charging, in Finland and in the Baltics. Neste has three reporting segments: Renewable Products, Oil Products, and Marketing and Services. Maximum revenue is generated from its Oil Products segment, which offers oil products and related services for the road transportation, heavy machinery, agriculture, aviation, and marine sectors, as well as products for the oil and petrochemical industries. Geographically, the group generates maximum revenue from other European countries (excluding Finland), followed by Finland, the USA, and other markets.
75GF Score
Get the complete analysis for NTOIF
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
NTOIF has been successfully added to your 
