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.
Harbor Star Shipping ServicesPHS:TUGS -4.42%56 Equity-to-Asset is 0.34 as of Mar. 2026, which is 17% above its 10-year median of 0.29. GuruFocus rates PHS:TUGS with a GF Score™ of 56/100 and a GF Value™ of ₱0.61 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,011 Transportation companies, Harbor Star Shipping Services ranks worse than 72.3% on this metric.
The historical rank and industry rank for Harbor Star Shipping Services's Equity-to-Asset or its related term are showing as below:
PHS:TUGS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.29 Max: 0.57
Current: 0.34
During the past 13 years, the highest Equity to Asset Ratio of Harbor Star Shipping Services was 0.57. The lowest was 0.17. And the median was 0.29.
PHS:TUGS's Equity-to-Asset is ranked worse than 72.3% of 1011
companies
in the Transportation industry
Industry Median: 0.5
vs PHS:TUGS: 0.34
Harbor Star Shipping Services (PHS:TUGS) 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%.
Harbor Star Shipping Services Equity-to-Asset Related Terms
Harbor Star Shipping Services 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.
Harbor Star Shipping Services Equity-to-Asset Chart
Harbor Star Shipping Services Equity-to-Asset Competitor Comparison
For the Marine Shipping subindustry, Harbor Star Shipping Services'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.
Harbor Star Shipping Services Equity-to-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Harbor Star Shipping Services's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Harbor Star Shipping Services's Equity-to-Asset falls into.
Harbor Star Shipping Services 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.
* 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.
Harbor Star Shipping Services (PHS:TUGS) has a Equity-to-Asset of 0.34 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Harbor Star Shipping Services and its competitors. This is 17% above median its historical median of 0.29. Over the past decade, Harbor Star Shipping Services' Equity-to-Asset has ranged from 0.17 to 0.57. According to the industry distribution chart, Harbor Star Shipping Services ranks #731 out of 1011 companies in the Transportation industry, placing it in the top 72.3%.
Is Harbor Star Shipping Services' Equity-to-Asset too high?
Harbor Star Shipping Services' current Equity-to-Asset of 0.34 is 17% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.57. The Transportation industry median Equity-to-Asset is 0.50. Harbor Star Shipping Services' value of 0.34 is 32% below this industry median. Based on the distribution chart, Harbor Star Shipping Services ranks #731 out of 1011 companies in the Transportation industry, which is below the industry midpoint. Overall, Harbor Star Shipping Services has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harbor Star Shipping Services' Equity-to-Asset compare to competitors?
According to the Transportation industry distribution chart, Harbor Star Shipping Services ranks #731 out of 1011 companies for Equity-to-Asset. This places Harbor Star Shipping Services in the lower half of its industry. The industry median Equity-to-Asset is 0.50. Harbor Star Shipping Services' value of 0.34 is 32% below this benchmark. Historically, Harbor Star Shipping Services' own Equity-to-Asset has ranged from 0.17 to 0.57 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.50, Harbor Star Shipping Services 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 Transportation company?
The median Equity-to-Asset among Transportation companies is 0.50, based on 1,011 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. Harbor Star Shipping Services's current Equity-to-Asset of 0.34 is 32% 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 Harbor Star Shipping Services and its competitors. For the Transportation industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbor Star Shipping Services's current Equity-to-Asset is 0.34, which is 17% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbor Star Shipping Services stock overvalued right now?
Based on GuruFocus' analysis, Harbor Star Shipping Services (PHS:TUGS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱0.61, compared to a current price of ₱1.08 — trading 77% above its estimated fair value. The current Equity-to-Asset is 0.34, which is 17% above median its 10-year median of 0.29 and 32% below the Transportation industry median of 0.50. Harbor Star Shipping Services' overall GF Score™ is 56/100 with 10 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 Harbor Star Shipping Services (PHS:TUGS), the current Equity-to-Asset is 0.34 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.
Is Harbor Star Shipping Services (PHS:TUGS) Overvalued in 2026?
Based on GuruFocus' analysis, Harbor Star Shipping Services stock appears to be overvalued.
The current stock price of ₱1.08 is trading 77% above its estimated GF Value™ of ₱0.61.
GuruFocus considers Harbor Star Shipping Services to be Significantly Overvalued.
Key valuation signals for PHS:TUGS:
Equity-to-Asset: 0.34 (17% above median its 10-year median of 0.29)
GF Value™: ₱0.61 vs. price of ₱1.08 (77% above fair value)
Industry Position: 32% below the Transportation median (#731 of 1011)
No single metric tells the full story. See the PHS:TUGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbor Star Shipping Services Business Description
Harbor Star Shipping Services Inc is an integrated maritime service provider. The service lines include harbor assistance, lighterage, towing, ship salvage, marine construction, repair, and maintenance works, wreck removal, firefighting, oil spill abatement and recovery, handling hazardous chemicals, ship and crew management, diving, and underwater marine works. Other marine services include oil and chemical spill response, diving and underwater work, and ship and crew management. The company operates in two segments: Harbor assistance and Renewable energy. It generates maximum revenue from the Harbor assistance segment.
56GF Score
Get the complete analysis for PHS:TUGS
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
PHS:TUGS has been successfully added to your 
