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Toromont IndustriesTMTNF 94 Equity-to-Asset is 0.60 as of Jun. 2026, which is 7% above its 10-year median of 0.56. GuruFocus rates TMTNF with a GF Score™ of 94/100 and a GF Value™ of $106.46 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 160 Industrial Distribution companies, Toromont Industries ranks better than 70.62% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Toromont Industries's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $2,457 Mil. Toromont Industries's Total Assets for the quarter that ended in Jun. 2026 was $4,100 Mil.
Therefore, Toromont Industries's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.60.
The historical rank and industry rank for Toromont Industries's Equity-to-Asset or its related term are showing as below:
TMTNF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.56 Max: 0.64
Current: 0.6
During the past 13 years, the highest Equity to Asset Ratio of Toromont Industries was 0.64. The lowest was 0.39. And the median was 0.56.
TMTNF's Equity-to-Asset is ranked better than 70.62% of 160
companies
in the Industrial Distribution industry
Industry Median: 0.49
vs TMTNF: 0.60
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%.
Toromont Industries Equity-to-Asset Related Terms
Toromont Industries Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Toromont Industries'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.
TMTNF vs GWW, FAST, FERG: Equity-to-Asset Comparison
For the Industrial Distribution subindustry, Toromont Industries'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.
Toromont Industries Equity-to-Asset vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Toromont Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Toromont Industries'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.
Toromont Industries'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.
Toromont Industries (TMTNF) has a Equity-to-Asset of 0.60 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Toromont Industries and its competitors. This is near median its historical median of 0.56. Over the past decade, Toromont Industries' Equity-to-Asset has ranged from 0.39 to 0.64. According to the industry distribution chart, Toromont Industries ranks #47 out of 160 companies in the Industrial Distribution industry, placing it in the top 29.4%.
Is Toromont Industries' Equity-to-Asset too high?
Toromont Industries' current Equity-to-Asset of 0.60 is near median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.64. The Industrial Distribution industry median Equity-to-Asset is 0.49. Toromont Industries' value of 0.60 is 22.4% above this industry median. Based on the distribution chart, Toromont Industries ranks #47 out of 160 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Toromont Industries has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toromont Industries' Equity-to-Asset compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Toromont Industries ranks #47 out of 160 companies for Equity-to-Asset. This puts Toromont Industries in the upper half of its industry. The industry median Equity-to-Asset is 0.49. Toromont Industries' value of 0.60 is 22.4% above this benchmark. Historically, Toromont Industries' own Equity-to-Asset has ranged from 0.39 to 0.64 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 0.49, Toromont Industries 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 Industrial Distribution company?
The median Equity-to-Asset among Industrial Distribution companies is 0.49, based on 160 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. Toromont Industries's current Equity-to-Asset of 0.60 is 22.4% 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 Toromont Industries and its competitors. For the Industrial Distribution industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toromont Industries's current Equity-to-Asset is 0.60, which is near median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toromont Industries stock overvalued right now?
Based on GuruFocus' analysis, Toromont Industries (TMTNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $106.46, compared to a current price of $139.07 — trading 30.6% above its estimated fair value. The current Equity-to-Asset is 0.60, which is near median its 10-year median of 0.56 and 22.4% above the Industrial Distribution industry median of 0.49. Toromont Industries' overall GF Score™ is 94/100 with 1 warning sign 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 Toromont Industries (TMTNF), the current Equity-to-Asset is 0.60 as of Jun. 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 Toromont Industries (TMTNF) Overvalued in 2026?
Based on GuruFocus' analysis, Toromont Industries stock appears to be overvalued.
The current stock price of $139.07 is trading 30.6% above its estimated GF Value™ of $106.46.
GuruFocus considers Toromont Industries to be Significantly Overvalued.
Key valuation signals for TMTNF:
Equity-to-Asset: 0.60 (near median its 10-year median of 0.56)
GF Value™: $106.46 vs. price of $139.07 (30.6% above fair value)
Industry Position: 22.4% above the Industrial Distribution median (#47 of 160)
No single metric tells the full story. See the TMTNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group supplies and rents mobile and stationary machines used in road building, mining, aggregates, public infrastructure, residential construction, power generation, agriculture, forestry, truck engines, industrial, demolition, and waste management. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America and other regions.
94GF Score
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