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.
Steppe CementSPPCF 54 Equity-to-Asset is 0.71 as of Dec. 2025, which is at its 10-year median of 0.71. GuruFocus rates SPPCF with a GF Score™ of 54/100 and a GF Value™ of $0.28. The stock has 8 warning signs investors should review. Among 411 Building Materials companies, Steppe Cement ranks better than 76.64% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Steppe Cement's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $58.3 Mil. Steppe Cement's Total Assets for the quarter that ended in Dec. 2025 was $81.7 Mil.
Therefore, Steppe Cement's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.71.
The historical rank and industry rank for Steppe Cement's Equity-to-Asset or its related term are showing as below:
SPPCF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.61 Med: 0.71 Max: 0.76
Current: 0.71
During the past 13 years, the highest Equity to Asset Ratio of Steppe Cement was 0.76. The lowest was 0.61. And the median was 0.71.
SPPCF's Equity-to-Asset is ranked better than 76.64% of 411
companies
in the Building Materials industry
Industry Median: 0.56
vs SPPCF: 0.71
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%.
Steppe Cement Equity-to-Asset Related Terms
Steppe Cement Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Steppe Cement'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.
SPPCF vs CRH, VMC, MLM: Equity-to-Asset Comparison
For the Building Materials subindustry, Steppe Cement'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.
Steppe Cement Equity-to-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Steppe Cement's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Steppe Cement'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.
Steppe Cement'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.
Steppe Cement (SPPCF) has a Equity-to-Asset of 0.71 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Steppe Cement and its competitors. This is near median its historical median of 0.71. Over the past decade, Steppe Cement's Equity-to-Asset has ranged from 0.61 to 0.76. According to the industry distribution chart, Steppe Cement ranks #96 out of 411 companies in the Building Materials industry, placing it in the top 23.4%.
Is Steppe Cement's Equity-to-Asset too high?
Steppe Cement's current Equity-to-Asset of 0.71 is near median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 0.76. The Building Materials industry median Equity-to-Asset is 0.56. Steppe Cement's value of 0.71 is 26.8% above this industry median. Based on the distribution chart, Steppe Cement ranks #96 out of 411 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Steppe Cement has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Steppe Cement's Equity-to-Asset compare to CRH and VMC?
According to the Building Materials industry distribution chart, Steppe Cement ranks #96 out of 411 companies for Equity-to-Asset. This places Steppe Cement in the top 23% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.56. Steppe Cement's value of 0.71 is 26.8% above this benchmark. Historically, Steppe Cement's own Equity-to-Asset has ranged from 0.61 to 0.76 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.56, Steppe Cement 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 Building Materials company?
The median Equity-to-Asset among Building Materials companies is 0.56, based on 411 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. Steppe Cement's current Equity-to-Asset of 0.71 is 26.8% 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 Steppe Cement and its competitors. For the Building Materials 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. Steppe Cement's current Equity-to-Asset is 0.71, which is near median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Cement stock overvalued right now?
Steppe Cement (SPPCF) has a current Equity-to-Asset of 0.71. The stock's GF Value™ is $0.28, compared to a current price of $0.31 — trading 10.7% above its estimated fair value. The current Equity-to-Asset is 0.71, which is near median its 10-year median of 0.71 and 26.8% above the Building Materials industry median of 0.56. Steppe Cement's overall GF Score™ is 54/100 with 8 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 Steppe Cement (SPPCF), the current Equity-to-Asset is 0.71 as of Dec. 2025. 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 Steppe Cement (SPPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Cement stock appears to be overvalued.
The current stock price of $0.31 is trading 10.7% above its estimated GF Value™ of $0.28.
Key valuation signals for SPPCF:
Equity-to-Asset: 0.71 (near median its 10-year median of 0.71)
GF Value™: $0.28 vs. price of $0.31 (10.7% above fair value)
Industry Position: 26.8% above the Building Materials median (#96 of 411)
No single metric tells the full story. See the SPPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steppe Cement Ltd is an investment holding company based in Malaysia. Its primary business is the production and sale of cement, which is in the Karaganda region, the Republic of Kazakhstan. The company derives revenue from the sale of manufactured goods and the transmission and distribution of electricity.
54GF Score
Get the complete analysis for SPPCF
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
SPPCF has been successfully added to your 
