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Thermal Energy InternationalTMGEF 53 Equity-to-Asset is 0.36 as of Feb. 2026, which is 33% above its 10-year median of 0.27. GuruFocus rates TMGEF with a GF Score™ of 53/100 and a GF Value™ of $0.18 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 3,073 Industrial Products companies, Thermal Energy International ranks worse than 81.29% on this metric.
Thermal Energy International (OTCPK:TMGEF) 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%.
Thermal Energy International Equity-to-Asset Related Terms
Thermal Energy International 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.
Thermal Energy International Equity-to-Asset Chart
TMGEF vs VLTO, ZWS, CECO: Equity-to-Asset Comparison
For the Pollution & Treatment Controls subindustry, Thermal Energy International'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.
Thermal Energy International Equity-to-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Thermal Energy International's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Thermal Energy International's Equity-to-Asset falls into.
Thermal Energy International Equity-to-Asset Calculation
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.
Thermal Energy International's Equity to Asset Ratio for the fiscal year that ended in May. 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.
Thermal Energy International (TMGEF) has a Equity-to-Asset of 0.36 as of Feb. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Thermal Energy International and its competitors. This is 33% above median its historical median of 0.27. Over the past decade, Thermal Energy International's Equity-to-Asset has ranged from 0.02 to 0.52. According to the industry distribution chart, Thermal Energy International ranks #2498 out of 3073 companies in the Industrial Products industry, placing it in the top 81.3%.
Is Thermal Energy International's Equity-to-Asset too high?
Thermal Energy International's current Equity-to-Asset of 0.36 is 33% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.52. The Industrial Products industry median Equity-to-Asset is 0.57. Thermal Energy International's value of 0.36 is 36.8% below this industry median. Based on the distribution chart, Thermal Energy International ranks #2498 out of 3073 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Thermal Energy International has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thermal Energy International's Equity-to-Asset compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Thermal Energy International ranks #2498 out of 3073 companies for Equity-to-Asset. This places Thermal Energy International in the lower half of its industry. The industry median Equity-to-Asset is 0.57. Thermal Energy International's value of 0.36 is 36.8% below this benchmark. Historically, Thermal Energy International's own Equity-to-Asset has ranged from 0.02 to 0.52 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.57, Thermal Energy International 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 Industrial Products company?
The median Equity-to-Asset among Industrial Products companies is 0.57, based on 3,073 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. Thermal Energy International's current Equity-to-Asset of 0.36 is 36.8% 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 Thermal Energy International and its competitors. For the Industrial Products industry, the median Equity-to-Asset is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermal Energy International's current Equity-to-Asset is 0.36, which is 33% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermal Energy International stock overvalued right now?
Based on GuruFocus' analysis, Thermal Energy International (TMGEF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.18, compared to a current price of $0.11 — trading 39% below its estimated fair value. The current Equity-to-Asset is 0.36, which is 33% above median its 10-year median of 0.27 and 36.8% below the Industrial Products industry median of 0.57. Thermal Energy International's overall GF Score™ is 53/100 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 Thermal Energy International (TMGEF), the current Equity-to-Asset is 0.36 as of Feb. 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 Thermal Energy International (TMGEF) Overvalued in 2026?
Based on GuruFocus' analysis, Thermal Energy International stock appears to be undervalued.
The current stock price of $0.11 is trading 39% below its estimated GF Value™ of $0.18.
GuruFocus considers Thermal Energy International to be Possible Value Trap.
Key valuation signals for TMGEF:
Equity-to-Asset: 0.36 (33% above median its 10-year median of 0.27)
GF Value™: $0.18 vs. price of $0.11 (39% below fair value)
Industry Position: 36.8% below the Industrial Products median (#2498 of 3073)
No single metric tells the full story. See the TMGEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.
53GF Score
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