Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
TON Strategy CoTONX -7.09%47 Equity-to-Asset is 0.99 as of Jun. 2026, which is 161% above its 10-year median of 0.38. GuruFocus rates TONX with a GF Score™ of 47/100 and a GF Value™ of $5.33 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,893 Software companies, TON Strategy Co ranks better than 99.65% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TON Strategy Co's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $398.78 Mil. TON Strategy Co's Total Assets for the quarter that ended in Jun. 2026 was $403.55 Mil.
Therefore, TON Strategy Co's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.99.
The historical rank and industry rank for TON Strategy Co's Equity-to-Asset or its related term are showing as below:
TONX'
s Equity-to-Asset Range Over the Past 10 Years
Min: -62.92 Med: 0.38 Max: 0.99
Current: 0.99
During the past 13 years, the highest Equity to Asset Ratio of TON Strategy Co was 0.99. The lowest was -62.92. And the median was 0.38.
TONX's Equity-to-Asset is ranked better than 99.65% of 2893
companies
in the Software industry
Industry Median: 0.56
vs TONX: 0.99
TON Strategy Co (NAS:TONX) 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%.
TON Strategy Co Equity-to-Asset Related Terms
TON Strategy Co Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for TON Strategy 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.
TONX vs SMRT, MRT, EGAN: Equity-to-Asset Comparison
For the Software - Application subindustry, TON Strategy 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.
TON Strategy Co Equity-to-Asset vs Software Industry
For the Software industry and Technology sector, TON Strategy Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where TON Strategy 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.
TON Strategy Co'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.
TON Strategy Co (TONX) has a Equity-to-Asset of 0.99 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on TON Strategy Co and its competitors. This is 161% above median its historical median of 0.38. According to the industry distribution chart, TON Strategy Co ranks #10 out of 2893 companies in the Software industry, placing it in the top 0.3%.
Is TON Strategy Co's Equity-to-Asset too high?
TON Strategy Co's current Equity-to-Asset of 0.99 is 161% above median its 10-year median of 0.38. The Software industry median Equity-to-Asset is 0.56. TON Strategy Co's value of 0.99 is 76.8% above this industry median. Based on the distribution chart, TON Strategy Co ranks #10 out of 2893 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, TON Strategy Co has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TON Strategy Co's Equity-to-Asset compare to SMRT and MRT?
According to the Software industry distribution chart, TON Strategy Co ranks #10 out of 2893 companies for Equity-to-Asset. This places TON Strategy Co in the top 0% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.56. TON Strategy Co's value of 0.99 is 76.8% above this benchmark. While the company's 10-year median is 0.38 vs. the industry median of 0.56, TON Strategy 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 a Software company?
The median Equity-to-Asset among Software companies is 0.56, based on 2,893 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. TON Strategy Co's current Equity-to-Asset of 0.99 is 76.8% 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 TON Strategy Co and its competitors. For the Software industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TON Strategy Co's current Equity-to-Asset is 0.99, which is 161% above median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TON Strategy Co stock overvalued right now?
Based on GuruFocus' analysis, TON Strategy Co (TONX) is currently considered Possible Value Trap. The stock's GF Value™ is $5.33, compared to a current price of $2.63 — trading 50.7% below its estimated fair value. The current Equity-to-Asset is 0.99, which is 161% above median its 10-year median of 0.38 and 76.8% above the Software industry median of 0.56. TON Strategy Co's overall GF Score™ is 47/100 with 4 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 TON Strategy Co (TONX), the current Equity-to-Asset is 0.99 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 TON Strategy Co (TONX) Overvalued in 2026?
Based on GuruFocus' analysis, TON Strategy Co stock appears to be undervalued.
The current stock price of $2.63 is trading 50.7% below its estimated GF Value™ of $5.33.
GuruFocus considers TON Strategy Co to be Possible Value Trap.
Key valuation signals for TONX:
Equity-to-Asset: 0.99 (161% above median its 10-year median of 0.38)
GF Value™: $5.33 vs. price of $2.63 (50.7% below fair value)
Industry Position: 76.8% above the Software median (#10 of 2893)
No single metric tells the full story. See the TONX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TON Strategy Co is a digital asset treasury and Web3 ecosystem company focused on supporting The Open Network, a public blockchain integrated with Telegram and designed for fast, scalable transactions and decentralized applications. Its core business is managing its holdings of Toncoin (TON), including staking tokens to support network validation and earn rewards, while adhering to regulatory, accounting, and risk management standards. The company also pursues Web3 initiatives to support the ecosystem's growth and adoption. It operates through MARKET. live, Go Fund Yourself, and TON segments, with MARKET.live generating maximum revenue as a multi-vendor livestream shopping platform that combines e-commerce and entertainment across social and video channels.
47GF Score
Get the complete analysis for TONX
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TONX has been successfully added to your 
