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Shoals Technologies GroupSHLS -3.77%89 Equity-to-Asset is 0.61 as of Jun. 2026, which is 3% below its 10-year median of 0.63. GuruFocus rates SHLS with a GF Score™ of 89/100 and a GF Value™ of $9.97 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,034 Semiconductors companies, Shoals Technologies Group ranks worse than 50.87% on this metric.
Shoals Technologies Group (NAS:SHLS) 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%.
Shoals Technologies Group Equity-to-Asset Related Terms
Shoals Technologies Group 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.
SHLS vs CSIQ, ARRY, RUN: Equity-to-Asset Comparison
For the Solar subindustry, Shoals Technologies Group'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.
Shoals Technologies Group Equity-to-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Shoals Technologies Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Shoals Technologies Group's Equity-to-Asset falls into.
Shoals Technologies Group 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.
Shoals Technologies Group'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.
Shoals Technologies Group (SHLS) has a Equity-to-Asset of 0.61 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Shoals Technologies Group and its competitors. This is near median its historical median of 0.63. According to the industry distribution chart, Shoals Technologies Group ranks #526 out of 1034 companies in the Semiconductors industry, placing it in the top 50.9%.
Is Shoals Technologies Group's Equity-to-Asset too high?
Shoals Technologies Group's current Equity-to-Asset of 0.61 is near median its 10-year median of 0.63. The Semiconductors industry median Equity-to-Asset is 0.62. Shoals Technologies Group's value of 0.61 is 1.6% below this industry median. Based on the distribution chart, Shoals Technologies Group ranks #526 out of 1034 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Shoals Technologies Group has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shoals Technologies Group's Equity-to-Asset compare to CSIQ and ARRY?
According to the Semiconductors industry distribution chart, Shoals Technologies Group ranks #526 out of 1034 companies for Equity-to-Asset. This places Shoals Technologies Group in the lower half of its industry. The industry median Equity-to-Asset is 0.62. Shoals Technologies Group's value of 0.61 is 1.6% below this benchmark. While the company's 10-year median is 0.63 vs. the industry median of 0.62, Shoals Technologies Group 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 Semiconductors company?
The median Equity-to-Asset among Semiconductors companies is 0.62, based on 1,034 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. Shoals Technologies Group's current Equity-to-Asset of 0.61 is 1.6% 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 Shoals Technologies Group and its competitors. For the Semiconductors industry, the median Equity-to-Asset is 0.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shoals Technologies Group's current Equity-to-Asset is 0.61, which is near median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoals Technologies Group stock overvalued right now?
Based on GuruFocus' analysis, Shoals Technologies Group (SHLS) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.97, compared to a current price of $7.14 — trading 28.4% below its estimated fair value. The current Equity-to-Asset is 0.61, which is near median its 10-year median of 0.63 and 1.6% below the Semiconductors industry median of 0.62. Shoals Technologies Group's overall GF Score™ is 89/100 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 Shoals Technologies Group (SHLS), the current Equity-to-Asset is 0.61 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 Shoals Technologies Group (SHLS) Overvalued in 2026?
Based on GuruFocus' analysis, Shoals Technologies Group stock appears to be undervalued.
The current stock price of $7.14 is trading 28.4% below its estimated GF Value™ of $9.97.
GuruFocus considers Shoals Technologies Group to be Modestly Undervalued.
Key valuation signals for SHLS:
Equity-to-Asset: 0.61 (near median its 10-year median of 0.63)
GF Value™: $9.97 vs. price of $7.14 (28.4% below fair value)
Industry Position: 1.6% below the Semiconductors median (#526 of 1034)
No single metric tells the full story. See the SHLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects.
89GF Score
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