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Pineapple FinancialPAPL -8.80%10 Equity-to-Asset is 0.68 as of May. 2026, which is 36% above its 10-year median of 0.50. GuruFocus rates PAPL with a GF Score™ of 10/100 and a GF Value™ of $0.83 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,525 Banks companies, Pineapple Financial ranks better than 98.95% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Pineapple Financial's Total Stockholders Equity for the quarter that ended in May. 2026 was $51.62 Mil. Pineapple Financial's Total Assets for the quarter that ended in May. 2026 was $75.85 Mil.
Therefore, Pineapple Financial's Equity to Asset Ratio for the quarter that ended in May. 2026 was 0.68.
The historical rank and industry rank for Pineapple Financial's Equity-to-Asset or its related term are showing as below:
PAPL'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.52 Med: 0.5 Max: 0.91
Current: 0.68
During the past 5 years, the highest Equity to Asset Ratio of Pineapple Financial was 0.91. The lowest was -0.52. And the median was 0.50.
PAPL's Equity-to-Asset is ranked better than 98.95% of 1525
companies
in the Banks industry
Industry Median: 0.1
vs PAPL: 0.68
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%.
Pineapple Financial Equity-to-Asset Related Terms
Pineapple Financial Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Pineapple Financial'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.
PAPL vs BLNE, CNF, MMCP: Equity-to-Asset Comparison
For the Mortgage Finance subindustry, Pineapple Financial'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.
Pineapple Financial Equity-to-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Pineapple Financial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Pineapple Financial'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.
Pineapple Financial's Equity to Asset Ratio for the fiscal year that ended in Aug. 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.
Pineapple Financial (PAPL) has a Equity-to-Asset of 0.68 as of May. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Pineapple Financial and its competitors. This is 36% above median its historical median of 0.50. According to the industry distribution chart, Pineapple Financial ranks #16 out of 1525 companies in the Banks industry, placing it in the top 1%.
Is Pineapple Financial's Equity-to-Asset too high?
Pineapple Financial's current Equity-to-Asset of 0.68 is 36% above median its 10-year median of 0.50. The Banks industry median Equity-to-Asset is 0.10. Pineapple Financial's value of 0.68 is 580% above this industry median. Based on the distribution chart, Pineapple Financial ranks #16 out of 1525 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Pineapple Financial has a GF Score™ of 10/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pineapple Financial's Equity-to-Asset compare to BLNE and CNF?
According to the Banks industry distribution chart, Pineapple Financial ranks #16 out of 1525 companies for Equity-to-Asset. This places Pineapple Financial in the top 1% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.10. Pineapple Financial's value of 0.68 is 580% above this benchmark. While the company's 10-year median is 0.50 vs. the industry median of 0.10, Pineapple Financial 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 1,525 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. Pineapple Financial's current Equity-to-Asset of 0.68 is 580% 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 Pineapple Financial 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. Pineapple Financial's current Equity-to-Asset is 0.68, which is 36% above median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pineapple Financial stock overvalued right now?
Based on GuruFocus' analysis, Pineapple Financial (PAPL) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.83, compared to a current price of $1.14 — trading 37.3% above its estimated fair value. The current Equity-to-Asset is 0.68, which is 36% above median its 10-year median of 0.50 and 580% above the Banks industry median of 0.10. Pineapple Financial's overall GF Score™ is 10/100 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 Pineapple Financial (PAPL), the current Equity-to-Asset is 0.68 as of May. 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 Pineapple Financial (PAPL) Overvalued in 2026?
Based on GuruFocus' analysis, Pineapple Financial stock appears to be overvalued.
The current stock price of $1.14 is trading 37.3% above its estimated GF Value™ of $0.83.
GuruFocus considers Pineapple Financial to be Significantly Overvalued.
Key valuation signals for PAPL:
Equity-to-Asset: 0.68 (36% above median its 10-year median of 0.50)
GF Value™: $0.83 vs. price of $1.14 (37.3% above fair value)
Industry Position: 580% above the Banks median (#16 of 1525)
No single metric tells the full story. See the PAPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.
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