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Tokyo Gas CoTKGSF 74 Equity-to-Asset is 0.44 as of Mar. 2026, which is at its 10-year median of 0.44. GuruFocus rates TKGSF with a GF Score™ of 74/100 and a GF Value™ of $26.07 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 507 Utilities - Regulated companies, Tokyo Gas Co ranks better than 67.85% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tokyo Gas Co's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $10,823 Mil. Tokyo Gas Co's Total Assets for the quarter that ended in Mar. 2026 was $24,529 Mil.
Therefore, Tokyo Gas Co's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.44.
The historical rank and industry rank for Tokyo Gas Co's Equity-to-Asset or its related term are showing as below:
TKGSF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.44 Max: 0.49
Current: 0.45
During the past 13 years, the highest Equity to Asset Ratio of Tokyo Gas Co was 0.49. The lowest was 0.39. And the median was 0.44.
TKGSF's Equity-to-Asset is ranked better than 67.85% of 507
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs TKGSF: 0.45
Tokyo Gas Co (OTCPK:TKGSF) 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%.
Tokyo Gas Co Equity-to-Asset Related Terms
Tokyo Gas Co Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Tokyo 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, Tokyo 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.
Tokyo Gas Co Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Tokyo Gas Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Tokyo 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.
Tokyo 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.
Tokyo Gas Co (TKGSF) has a Equity-to-Asset of 0.44 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Tokyo Gas Co and its competitors. This is near median its historical median of 0.44. Over the past decade, Tokyo Gas Co's Equity-to-Asset has ranged from 0.39 to 0.49. According to the industry distribution chart, Tokyo Gas Co ranks #163 out of 507 companies in the Utilities - Regulated industry, placing it in the top 32.1%.
Is Tokyo Gas Co's Equity-to-Asset too high?
Tokyo Gas Co's current Equity-to-Asset of 0.44 is near median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.49. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Tokyo Gas Co's value of 0.44 is 22.2% above this industry median. Based on the distribution chart, Tokyo Gas Co ranks #163 out of 507 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Tokyo Gas Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Gas Co's Equity-to-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Tokyo Gas Co ranks #163 out of 507 companies for Equity-to-Asset. This puts Tokyo Gas Co in the upper half of its industry. The industry median Equity-to-Asset is 0.36. Tokyo Gas Co's value of 0.44 is 22.2% above this benchmark. Historically, Tokyo Gas Co's own Equity-to-Asset has ranged from 0.39 to 0.49 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.36, Tokyo 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 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. Tokyo Gas Co's current Equity-to-Asset of 0.44 is 22.2% 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 Tokyo 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. Tokyo Gas Co's current Equity-to-Asset is 0.44, which is near median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Gas Co (TKGSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.07, compared to a current price of $38.58 — trading 48% above its estimated fair value. The current Equity-to-Asset is 0.44, which is near median its 10-year median of 0.44 and 22.2% above the Utilities - Regulated industry median of 0.36. Tokyo 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 Tokyo Gas Co (TKGSF), the current Equity-to-Asset is 0.44 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 Tokyo Gas Co (TKGSF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Gas Co stock appears to be overvalued.
The current stock price of $38.58 is trading 48% above its estimated GF Value™ of $26.07.
GuruFocus considers Tokyo Gas Co to be Significantly Overvalued.
Key valuation signals for TKGSF:
Equity-to-Asset: 0.44 (near median its 10-year median of 0.44)
GF Value™: $26.07 vs. price of $38.58 (48% above fair value)
Industry Position: 22.2% above the Utilities - Regulated median (#163 of 507)
No single metric tells the full story. See the TKGSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.
74GF Score
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