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Singapore ExchangeSPXCF 91 Equity-to-Asset is 0.55 as of Dec. 2025, which is 10% above its 10-year median of 0.50. GuruFocus rates SPXCF with a GF Score™ of 91/100 and a GF Value™ of $10.82 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 813 Capital Markets companies, Singapore Exchange ranks better than 53.14% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Singapore Exchange's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $1,771 Mil. Singapore Exchange's Total Assets for the quarter that ended in Dec. 2025 was $3,220 Mil.
Therefore, Singapore Exchange's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.55.
The historical rank and industry rank for Singapore Exchange's Equity-to-Asset or its related term are showing as below:
SPXCF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4 Med: 0.5 Max: 0.6
Current: 0.55
During the past 13 years, the highest Equity to Asset Ratio of Singapore Exchange was 0.60. The lowest was 0.40. And the median was 0.50.
SPXCF's Equity-to-Asset is ranked better than 53.14% of 813
companies
in the Capital Markets industry
Industry Median: 0.51
vs SPXCF: 0.55
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%.
Singapore Exchange Equity-to-Asset Related Terms
Singapore Exchange Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Singapore Exchange'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.
SPXCF vs SPGI, CME, ICE: Equity-to-Asset Comparison
For the Financial Data & Stock Exchanges subindustry, Singapore Exchange'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.
Singapore Exchange Equity-to-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Singapore Exchange's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Singapore Exchange'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.
Singapore Exchange's Equity to Asset Ratio for the fiscal year that ended in Jun. 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.
Singapore Exchange (SPXCF) has a Equity-to-Asset of 0.55 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Singapore Exchange and its competitors. This is 10% above median its historical median of 0.50. Over the past decade, Singapore Exchange's Equity-to-Asset has ranged from 0.40 to 0.60. According to the industry distribution chart, Singapore Exchange ranks #381 out of 813 companies in the Capital Markets industry, placing it in the top 46.9%.
Is Singapore Exchange's Equity-to-Asset too high?
Singapore Exchange's current Equity-to-Asset of 0.55 is 10% above median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.60. The Capital Markets industry median Equity-to-Asset is 0.51. Singapore Exchange's value of 0.55 is 7.8% above this industry median. Based on the distribution chart, Singapore Exchange ranks #381 out of 813 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Singapore Exchange has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Singapore Exchange's Equity-to-Asset compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Singapore Exchange ranks #381 out of 813 companies for Equity-to-Asset. This puts Singapore Exchange in the upper half of its industry. The industry median Equity-to-Asset is 0.51. Singapore Exchange's value of 0.55 is 7.8% above this benchmark. Historically, Singapore Exchange's own Equity-to-Asset has ranged from 0.40 to 0.60 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 0.51, Singapore Exchange 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 Capital Markets company?
The median Equity-to-Asset among Capital Markets companies is 0.51, based on 813 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. Singapore Exchange's current Equity-to-Asset of 0.55 is 7.8% 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 Singapore Exchange and its competitors. For the Capital Markets industry, the median Equity-to-Asset is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Exchange's current Equity-to-Asset is 0.55, which is 10% 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 Singapore Exchange stock overvalued right now?
Based on GuruFocus' analysis, Singapore Exchange (SPXCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.82, compared to a current price of $18.30 — trading 69.1% above its estimated fair value. The current Equity-to-Asset is 0.55, which is 10% above median its 10-year median of 0.50 and 7.8% above the Capital Markets industry median of 0.51. Singapore Exchange's overall GF Score™ is 91/100 with 5 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 Singapore Exchange (SPXCF), the current Equity-to-Asset is 0.55 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 Singapore Exchange (SPXCF) Overvalued in 2026?
Based on GuruFocus' analysis, Singapore Exchange stock appears to be overvalued.
The current stock price of $18.30 is trading 69.1% above its estimated GF Value™ of $10.82.
GuruFocus considers Singapore Exchange to be Significantly Overvalued.
Key valuation signals for SPXCF:
Equity-to-Asset: 0.55 (10% above median its 10-year median of 0.50)
GF Value™: $10.82 vs. price of $18.30 (69.1% above fair value)
Industry Position: 7.8% above the Capital Markets median (#381 of 813)
No single metric tells the full story. See the SPXCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singapore Exchange is a vertically integrated securities exchange business, offering listing-, data-, trading-, clearing- and settlement services across equities, debt and derivatives. Singapore Exchange, like Singapore itself, is remarkably outward-facing and offers some of the most liquid and widely traded equity derivative products for various regional markets, including the FTSE China A50 Index Futures.
91GF Score
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