AF Gruppen ASA (OSL:AFG) Equity-to-Asset: 0.20 (As of Mar. 2026) — 11% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

OSL:AFG AF Gruppen ASA OSL:AFG
47 GF Score
Price kr193.40
! 3 Warning Signs
View Full Analysis

What is AF Gruppen ASA Equity-to-Asset?

AF Gruppen ASA OSL:AFG +2.33% 47 Equity-to-Asset is 0.20 as of Mar. 2026, which is 11% above its 10-year median of 0.18. GuruFocus rates OSL:AFG with a GF Score™ of 47/100. The stock has 3 warning signs investors should review. Among 1,789 Construction companies, AF Gruppen ASA ranks worse than 85.63% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. AF Gruppen ASA's Total Stockholders Equity for the quarter that ended in Mar. 2026 was kr3,524 Mil. AF Gruppen ASA's Total Assets for the quarter that ended in Mar. 2026 was kr17,314 Mil. Therefore, AF Gruppen ASA's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.20.

The historical rank and industry rank for AF Gruppen ASA's Equity-to-Asset or its related term are showing as below:

OSL:AFG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.14   Med: 0.18   Max: 0.29
Current: 0.2

During the past 13 years, the highest Equity to Asset Ratio of AF Gruppen ASA was 0.29. The lowest was 0.14. And the median was 0.18.

OSL:AFG's Equity-to-Asset is ranked worse than
85.63% of 1789 companies
in the Construction industry
Industry Median: 0.45 vs OSL:AFG: 0.20

AF Gruppen ASA  (OSL:AFG) 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%.


AF Gruppen ASA Equity-to-Asset Related Terms


AF Gruppen ASA Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for AF Gruppen ASA'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.

AF Gruppen ASA Equity-to-Asset Chart

AF Gruppen ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.18 0.16 0.17 0.17

AF Gruppen ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.16 0.16 0.17 0.20

OSL:AFG vs PWR, FIX, EME: Equity-to-Asset Comparison

For the Engineering & Construction subindustry, AF Gruppen ASA'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.


AF Gruppen ASA Equity-to-Asset vs Construction Industry

For the Construction industry and Industrials sector, AF Gruppen ASA's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where AF Gruppen ASA's Equity-to-Asset falls into.


OSL:AFG
47GF Score
AF Gruppen ASA OSL:AFG
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AF Gruppen ASA Equity-to-Asset Calculation

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.

AF Gruppen ASA's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=2900/17092
=0.17

AF Gruppen ASA's Equity to Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

Equity to Asset (Q: Mar. 2026 )=Total Stockholders Equity/Total Assets
=3524/17314
=0.20

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.20 mean?
AF Gruppen ASA (OSL:AFG) has a Equity-to-Asset of 0.20 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on AF Gruppen ASA and its competitors. This is 11% above median its historical median of 0.18. Over the past decade, AF Gruppen ASA's Equity-to-Asset has ranged from 0.14 to 0.29. According to the industry distribution chart, AF Gruppen ASA ranks #1532 out of 1789 companies in the Construction industry, placing it in the top 85.6%.
Is AF Gruppen ASA's Equity-to-Asset too high?
AF Gruppen ASA's current Equity-to-Asset of 0.20 is 11% above median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.29. The Construction industry median Equity-to-Asset is 0.45. AF Gruppen ASA's value of 0.20 is 55.6% below this industry median. Based on the distribution chart, AF Gruppen ASA ranks #1532 out of 1789 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, AF Gruppen ASA has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does AF Gruppen ASA's Equity-to-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, AF Gruppen ASA ranks #1532 out of 1789 companies for Equity-to-Asset. This places AF Gruppen ASA in the lower half of its industry. The industry median Equity-to-Asset is 0.45. AF Gruppen ASA's value of 0.20 is 55.6% below this benchmark. Historically, AF Gruppen ASA's own Equity-to-Asset has ranged from 0.14 to 0.29 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.45, AF Gruppen ASA 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 Construction company?
The median Equity-to-Asset among Construction companies is 0.45, based on 1,789 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. AF Gruppen ASA's current Equity-to-Asset of 0.20 is 55.6% 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 AF Gruppen ASA and its competitors. For the Construction industry, the median Equity-to-Asset is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AF Gruppen ASA's current Equity-to-Asset is 0.20, which is 11% above median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AF Gruppen ASA stock overvalued right now?
AF Gruppen ASA (OSL:AFG) has a current Equity-to-Asset of 0.20. The current Equity-to-Asset is 0.20, which is 11% above median its 10-year median of 0.18 and 55.6% below the Construction industry median of 0.45. AF Gruppen ASA's overall GF Score™ is 47/100 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 AF Gruppen ASA (OSL:AFG), the current Equity-to-Asset is 0.20 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.

AF Gruppen ASA Business Description

Address Innspurten 15, P.O. box 6272, Oslo, NOR, 0603
AF Gruppen ASA A is one of Norway's contracting and industrial groups. The company provides services in areas of civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants.
47GF Score

Get the complete analysis for OSL:AFG

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr193.40
Price