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Toho Gas CoTHOGF 74 Equity-to-Asset is 0.59 as of Mar. 2026, which is at its 10-year median of 0.59. GuruFocus rates THOGF with a GF Score™ of 74/100 and a GF Value™ of $6.02. The stock has 3 warning signs investors should review. Among 509 Utilities - Regulated companies, Toho Gas Co ranks better than 81.34% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Toho Gas Co's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $3,009 Mil. Toho Gas Co's Total Assets for the quarter that ended in Mar. 2026 was $5,101 Mil.
Therefore, Toho Gas Co's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.59.
The historical rank and industry rank for Toho Gas Co's Equity-to-Asset or its related term are showing as below:
THOGF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.57 Med: 0.59 Max: 0.62
Current: 0.59
During the past 13 years, the highest Equity to Asset Ratio of Toho Gas Co was 0.62. The lowest was 0.57. And the median was 0.59.
THOGF's Equity-to-Asset is ranked better than 81.34% of 509
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs THOGF: 0.59
Toho Gas Co (OTCPK:THOGF) 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%.
Toho Gas Co Equity-to-Asset Related Terms
Toho Gas Co Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Toho Gas Co'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.
For the Utilities - Regulated Gas subindustry, Toho Gas Co'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.
Toho Gas Co Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Toho Gas Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Toho Gas Co'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.
Toho Gas Co's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 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.
Toho Gas Co (THOGF) has a Equity-to-Asset of 0.59 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Toho Gas Co and its competitors. This is near median its historical median of 0.59. Over the past decade, Toho Gas Co's Equity-to-Asset has ranged from 0.57 to 0.62. According to the industry distribution chart, Toho Gas Co ranks #95 out of 509 companies in the Utilities - Regulated industry, placing it in the top 18.7%.
Is Toho Gas Co's Equity-to-Asset too high?
Toho Gas Co's current Equity-to-Asset of 0.59 is near median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 0.62. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Toho Gas Co's value of 0.59 is 63.9% above this industry median. Based on the distribution chart, Toho Gas Co ranks #95 out of 509 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Toho Gas Co has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Toho Gas Co's Equity-to-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Toho Gas Co ranks #95 out of 509 companies for Equity-to-Asset. This places Toho Gas Co in the top 19% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.36. Toho Gas Co's value of 0.59 is 63.9% above this benchmark. Historically, Toho Gas Co's own Equity-to-Asset has ranged from 0.57 to 0.62 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.36, Toho Gas Co 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 an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 509 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. Toho Gas Co's current Equity-to-Asset of 0.59 is 63.9% 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 Toho Gas Co 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. Toho Gas Co's current Equity-to-Asset is 0.59, which is near median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Gas Co stock overvalued right now?
Toho Gas Co (THOGF) has a current Equity-to-Asset of 0.59. The stock's GF Value™ is $6.02, compared to a current price of $6.44 — trading 6.9% above its estimated fair value. The current Equity-to-Asset is 0.59, which is near median its 10-year median of 0.59 and 63.9% above the Utilities - Regulated industry median of 0.36. Toho Gas Co's overall GF Score™ is 74/100 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 Toho Gas Co (THOGF), the current Equity-to-Asset is 0.59 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 Toho Gas Co (THOGF) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Gas Co stock appears to be overvalued.
The current stock price of $6.44 is trading 6.9% above its estimated GF Value™ of $6.02.
Key valuation signals for THOGF:
Equity-to-Asset: 0.59 (near median its 10-year median of 0.59)
GF Value™: $6.02 vs. price of $6.44 (6.9% above fair value)
Industry Position: 63.9% above the Utilities - Regulated median (#95 of 509)
No single metric tells the full story. See the THOGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Gas Co Ltd is a Japan-based company engaged in the supply of energy and related services, including electricity, gas, and liquefied petroleum gas (LPG). The company operates in three business segments. The Electricity segment engages in the sale of electricity. The Gas segment handles the manufacture and sale of gas, gas appliances, consignment supply, and plumbing work. The LPG and Other Energies segment covers the sale of LPG, related equipment, natural gas, heat supply, and coke. The Others segment includes contract processing, real estate management, and other ancillary businesses. It generates the majority of its revenue from the Gas segment.
74GF Score
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