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Suburban Propane Partners LPSPH -0.17%62 Equity-to-Asset is 0.30 as of Jun. 2026, which is 20% above its 10-year median of 0.25. GuruFocus rates SPH with a GF Score™ of 62/100 and a GF Value™ of $18.23 (Fairly Valued). The stock has 3 warning signs investors should review. Among 507 Utilities - Regulated companies, Suburban Propane Partners LP ranks worse than 64.69% on this metric.
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%.
Suburban Propane Partners LP Equity-to-Asset Related Terms
Suburban Propane Partners LP 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.
SPH vs NWN, RGCO, OPAL: Equity-to-Asset Comparison
For the Utilities - Regulated Gas subindustry, Suburban Propane Partners LP'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.
Suburban Propane Partners LP Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Suburban Propane Partners LP's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Suburban Propane Partners LP'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.
Suburban Propane Partners LP's Equity to Asset Ratio for the fiscal year that ended in Sep. 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.
Suburban Propane Partners LP (SPH) has a Equity-to-Asset of 0.30 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Suburban Propane Partners LP and its competitors. This is 20% above median its historical median of 0.25. Over the past decade, Suburban Propane Partners LP's Equity-to-Asset has ranged from 0.18 to 0.32. According to the industry distribution chart, Suburban Propane Partners LP ranks #328 out of 507 companies in the Utilities - Regulated industry, placing it in the top 64.7%.
Is Suburban Propane Partners LP's Equity-to-Asset too high?
Suburban Propane Partners LP's current Equity-to-Asset of 0.30 is 20% above median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.32. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Suburban Propane Partners LP's value of 0.30 is 16.7% below this industry median. Based on the distribution chart, Suburban Propane Partners LP ranks #328 out of 507 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Suburban Propane Partners LP has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Suburban Propane Partners LP's Equity-to-Asset compare to NWN and RGCO?
According to the Utilities - Regulated industry distribution chart, Suburban Propane Partners LP ranks #328 out of 507 companies for Equity-to-Asset. This places Suburban Propane Partners LP in the lower half of its industry. The industry median Equity-to-Asset is 0.36. Suburban Propane Partners LP's value of 0.30 is 16.7% below this benchmark. Historically, Suburban Propane Partners LP's own Equity-to-Asset has ranged from 0.18 to 0.32 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.36, Suburban Propane Partners LP 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 an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 507 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. Suburban Propane Partners LP's current Equity-to-Asset of 0.30 is 16.7% 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 Suburban Propane Partners LP and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suburban Propane Partners LP's current Equity-to-Asset is 0.30, which is 20% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suburban Propane Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Suburban Propane Partners LP (SPH) is currently considered Fairly Valued. The stock's GF Value™ is $18.23, compared to a current price of $17.71 — trading 2.9% below its estimated fair value. The current Equity-to-Asset is 0.30, which is 20% above median its 10-year median of 0.25 and 16.7% below the Utilities - Regulated industry median of 0.36. Suburban Propane Partners LP's overall GF Score™ is 62/100 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 Suburban Propane Partners LP (SPH), the current Equity-to-Asset is 0.30 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 Suburban Propane Partners LP (SPH) Overvalued in 2026?
Based on GuruFocus' analysis, Suburban Propane Partners LP stock appears to be undervalued.
The current stock price of $17.71 is trading 2.9% below its estimated GF Value™ of $18.23.
GuruFocus considers Suburban Propane Partners LP to be Fairly Valued.
Key valuation signals for SPH:
Equity-to-Asset: 0.30 (20% above median its 10-year median of 0.25)
GF Value™: $18.23 vs. price of $17.71 (2.9% below fair value)
Industry Position: 16.7% below the Utilities - Regulated median (#328 of 507)
No single metric tells the full story. See the SPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Suburban Propane Partners LP distributes propane, renewable propane, renewable natural gas (RNG), fuel oil, refined fuels, and markets natural gas and electricity in deregulated markets. It produces and invests in low-carbon fuel alternatives. The company installs and services home comfort heating and ventilation equipment and distributes fuel oil, kerosene, diesel, and gasoline to about 25,000 residential and commercial customers mainly in the U.S. northeast. It operates three segments: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity, with the Propane segment generating the majority of revenue. Propane, a by-product of natural gas processing and petroleum refining, is a clean-burning energy source known for transportability and ease of use.
62GF Score
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