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NextNXGPF +0.64%92 Equity-to-Asset is 0.34 as of Jan. 2026, which is 48% above its 10-year median of 0.23. GuruFocus rates NXGPF with a GF Score™ of 92/100 and a GF Value™ of $176.58 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,138 Retail - Cyclical companies, Next ranks worse than 66.52% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Next's Total Stockholders Equity for the quarter that ended in Jan. 2026 was $2,250 Mil. Next's Total Assets for the quarter that ended in Jan. 2026 was $6,651 Mil.
Therefore, Next's Equity to Asset Ratio for the quarter that ended in Jan. 2026 was 0.34.
The historical rank and industry rank for Next's Equity-to-Asset or its related term are showing as below:
NXGPF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.1 Med: 0.23 Max: 0.34
Current: 0.34
During the past 13 years, the highest Equity to Asset Ratio of Next was 0.34. The lowest was 0.10. And the median was 0.23.
NXGPF's Equity-to-Asset is ranked worse than 66.52% of 1138
companies
in the Retail - Cyclical industry
Industry Median: 0.44
vs NXGPF: 0.34
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%.
Next Equity-to-Asset Related Terms
Next Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Next'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.
NXGPF vs TJX, ROST, BURL: Equity-to-Asset Comparison
For the Apparel Retail subindustry, Next'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.
Next Equity-to-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Next's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Next'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.
Next's Equity to Asset Ratio for the fiscal year that ended in Jan. 2026 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.
Next (NXGPF) has a Equity-to-Asset of 0.34 as of Jan. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Next and its competitors. This is 48% above median its historical median of 0.23. Over the past decade, Next's Equity-to-Asset has ranged from 0.10 to 0.34. According to the industry distribution chart, Next ranks #757 out of 1138 companies in the Retail - Cyclical industry, placing it in the top 66.5%.
Is Next's Equity-to-Asset too high?
Next's current Equity-to-Asset of 0.34 is 48% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.34. The Retail - Cyclical industry median Equity-to-Asset is 0.44. Next's value of 0.34 is 22.7% below this industry median. Based on the distribution chart, Next ranks #757 out of 1138 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Next has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next's Equity-to-Asset compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Next ranks #757 out of 1138 companies for Equity-to-Asset. This places Next in the lower half of its industry. The industry median Equity-to-Asset is 0.44. Next's value of 0.34 is 22.7% below this benchmark. Historically, Next's own Equity-to-Asset has ranged from 0.10 to 0.34 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.44, Next 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 a Retail - Cyclical company?
The median Equity-to-Asset among Retail - Cyclical companies is 0.44, based on 1,138 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. Next's current Equity-to-Asset of 0.34 is 22.7% 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 Next and its competitors. For the Retail - Cyclical industry, the median Equity-to-Asset is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next's current Equity-to-Asset is 0.34, which is 48% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next stock overvalued right now?
Based on GuruFocus' analysis, Next (NXGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $176.58, compared to a current price of $206.70 — trading 17.1% above its estimated fair value. The current Equity-to-Asset is 0.34, which is 48% above median its 10-year median of 0.23 and 22.7% below the Retail - Cyclical industry median of 0.44. Next's overall GF Score™ is 92/100 with 3 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 Next (NXGPF), the current Equity-to-Asset is 0.34 as of Jan. 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 Next (NXGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Next stock appears to be overvalued.
The current stock price of $206.70 is trading 17.1% above its estimated GF Value™ of $176.58.
GuruFocus considers Next to be Modestly Overvalued.
Key valuation signals for NXGPF:
Equity-to-Asset: 0.34 (48% above median its 10-year median of 0.23)
GF Value™: $176.58 vs. price of $206.70 (17.1% above fair value)
Industry Position: 22.7% below the Retail - Cyclical median (#757 of 1138)
No single metric tells the full story. See the NXGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
92GF Score
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