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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Topcon's Total Stockholders Equity for the quarter that ended in Sep. 2025 was $657 Mil. Topcon's Total Assets for the quarter that ended in Sep. 2025 was $1,758 Mil.
Therefore, Topcon's Equity to Asset Ratio for the quarter that ended in Sep. 2025 was 0.37.
The historical rank and industry rank for Topcon's Equity-to-Asset or its related term are showing as below:
TOPCF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33 Med: 0.41 Max: 0.46
Current: 0.37
During the past 13 years, the highest Equity to Asset Ratio of Topcon was 0.46. The lowest was 0.33. And the median was 0.41.
TOPCF's Equity-to-Asset is not ranked
in the Hardware industry.
Industry Median: 0.57
vs TOPCF: 0.37
Topcon (OTCPK:TOPCF) 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%.
Topcon Equity-to-Asset Related Terms
Topcon Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Topcon'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.
TOPCF vs GRMN, KEYS, COHR: Equity-to-Asset Comparison
For the Scientific & Technical Instruments subindustry, Topcon'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.
Topcon Equity-to-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Topcon's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Topcon'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.
Topcon's Equity to Asset Ratio for the fiscal year that ended in Mar. 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.
Topcon (TOPCF) has a Equity-to-Asset of 0.37 as of Sep. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Topcon and its competitors. This is 10% below median its historical median of 0.41. Over the past decade, Topcon's Equity-to-Asset has ranged from 0.33 to 0.46.
Is Topcon's Equity-to-Asset too high?
Topcon's current Equity-to-Asset of 0.37 is 10% below median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.46. The Hardware industry median Equity-to-Asset is 0.57. Topcon's value of 0.37 is 35.1% below this industry median. Overall, Topcon has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Topcon's Equity-to-Asset compare to GRMN and KEYS?
Topcon's Equity-to-Asset of 0.37 can be compared against companies in the Hardware industry. The industry median Equity-to-Asset is 0.57. Topcon's value of 0.37 is 35.1% below this benchmark. Historically, Topcon's own Equity-to-Asset has ranged from 0.33 to 0.46 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.57, Topcon 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 a Hardware company?
The median Equity-to-Asset among Hardware companies is 0.57, based on 2,499 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. Topcon's current Equity-to-Asset of 0.37 is 35.1% 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 Topcon and its competitors. For the Hardware 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. Topcon's current Equity-to-Asset is 0.37, which is 10% below median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topcon stock overvalued right now?
Topcon (TOPCF) has a current Equity-to-Asset of 0.37. The stock's GF Value™ is $11.64, compared to a current price of $21.21 — trading 82.2% above its estimated fair value. The current Equity-to-Asset is 0.37, which is 10% below median its 10-year median of 0.41 and 35.1% below the Hardware industry median of 0.57. Topcon's overall GF Score™ is 9/100 with 9 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 Topcon (TOPCF), the current Equity-to-Asset is 0.37 as of Sep. 2025. 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 Topcon (TOPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Topcon stock appears to be overvalued.
The current stock price of $21.21 is trading 82.2% above its estimated GF Value™ of $11.64.
Key valuation signals for TOPCF:
Equity-to-Asset: 0.37 (10% below median its 10-year median of 0.41)
GF Value™: $11.64 vs. price of $21.21 (82.2% above fair value)
Industry Position: 35.1% below the Hardware median
No single metric tells the full story. See the TOPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topcon Corp sells ophthalmic instruments, medical equipment, machine control systems, and GPS-related products. Its operations are structured around three main areas: the Positioning Business, Eye Care Business, and Other. The Positioning division handles products such as total stations, 3D laser scanners, ICT automated construction systems, IT agricultural systems, GNSS receivers for surveying, laser equipment, and software for construction and civil engineering. The Eye Care division provides 3D fundus imaging devices, fundus cameras, auto and kerato refractors, slit lamps, tonometers, lens meters, ophthalmic laser systems, and related software for image management and electronic medical records.
9GF Score
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