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.
Nordic Technology Group AS (OSL:NTG) 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%.
Nordic Technology Group AS Equity-to-Asset Related Terms
Nordic Technology Group AS Equity-to-Asset Historical Data
* 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.
OSL:NTG vs GRMN, COHR, KEYS: Equity-to-Asset Comparison
For the Scientific & Technical Instruments subindustry, Nordic Technology Group AS'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.
Nordic Technology Group AS Equity-to-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Nordic Technology Group AS's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nordic Technology Group AS's Equity-to-Asset falls into.
Nordic Technology Group AS 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.
Nordic Technology Group AS'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.
Nordic Technology Group AS (OSL:NTG) has a Equity-to-Asset of 0.39 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nordic Technology Group AS and its competitors. This is 43% below median its historical median of 0.69. Over the past decade, Nordic Technology Group AS's Equity-to-Asset has ranged from 0.33 to 0.85. According to the industry distribution chart, Nordic Technology Group AS ranks #1836 out of 2494 companies in the Hardware industry, placing it in the top 73.6%.
Is Nordic Technology Group AS's Equity-to-Asset too high?
Nordic Technology Group AS's current Equity-to-Asset of 0.39 is 43% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.85. The Hardware industry median Equity-to-Asset is 0.56. Nordic Technology Group AS's value of 0.39 is 30.4% below this industry median. Based on the distribution chart, Nordic Technology Group AS ranks #1836 out of 2494 companies in the Hardware industry, which is below the industry midpoint. Overall, Nordic Technology Group AS has a GF Score™ of 37/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nordic Technology Group AS's Equity-to-Asset compare to GRMN and COHR?
According to the Hardware industry distribution chart, Nordic Technology Group AS ranks #1836 out of 2494 companies for Equity-to-Asset. This places Nordic Technology Group AS in the lower half of its industry. The industry median Equity-to-Asset is 0.56. Nordic Technology Group AS's value of 0.39 is 30.4% below this benchmark. Historically, Nordic Technology Group AS's own Equity-to-Asset has ranged from 0.33 to 0.85 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 0.56, Nordic Technology Group AS 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 Hardware company?
The median Equity-to-Asset among Hardware companies is 0.56, based on 2,494 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. Nordic Technology Group AS's current Equity-to-Asset of 0.39 is 30.4% 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 Nordic Technology Group AS and its competitors. For the Hardware industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordic Technology Group AS's current Equity-to-Asset is 0.39, which is 43% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordic Technology Group AS stock overvalued right now?
Based on GuruFocus' analysis, Nordic Technology Group AS (OSL:NTG) is currently considered Fairly Valued. The stock's GF Value™ is kr1.30, compared to a current price of kr1.20 — trading 7.7% below its estimated fair value. The current Equity-to-Asset is 0.39, which is 43% below median its 10-year median of 0.69 and 30.4% below the Hardware industry median of 0.56. Nordic Technology Group AS's overall GF Score™ is 37/100 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 Nordic Technology Group AS (OSL:NTG), the current Equity-to-Asset is 0.39 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 Nordic Technology Group AS (OSL:NTG) Overvalued in 2026?
Based on GuruFocus' analysis, Nordic Technology Group AS stock appears to be undervalued.
The current stock price of kr1.20 is trading 7.7% below its estimated GF Value™ of kr1.30.
GuruFocus considers Nordic Technology Group AS to be Fairly Valued.
Key valuation signals for OSL:NTG:
Equity-to-Asset: 0.39 (43% below median its 10-year median of 0.69)
GF Value™: kr1.30 vs. price of kr1.20 (7.7% below fair value)
Industry Position: 30.4% below the Hardware median (#1836 of 2494)
No single metric tells the full story. See the OSL:NTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nordic Technology Group AS was founded with the primary purpose of acquiring selected companies distinguished by patented products and solutions developed through extensive periods of concept development, product design, testing, qualification, certification, and market acceptance. It is organized into two business areas: sensor technology, and clean technology. The Group generates revenues from Norway, with additional revenues from Europe and other countries.
37GF Score
Get the complete analysis for OSL:NTG
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
OSL:NTG has been successfully added to your 
