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Toppan HoldingsTOPPY +2.90%85 Equity-to-Asset is 0.52 as of Mar. 2026, which is 4% below its 10-year median of 0.54. GuruFocus rates TOPPY with a GF Score™ of 85/100 and a GF Value™ of $14.74 (Fairly Valued). The stock has 5 warning signs investors should review. Among 567 Conglomerates companies, Toppan Holdings ranks better than 58.55% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Toppan Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $8,427 Mil. Toppan Holdings's Total Assets for the quarter that ended in Mar. 2026 was $16,121 Mil.
Therefore, Toppan Holdings's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.52.
The historical rank and industry rank for Toppan Holdings's Equity-to-Asset or its related term are showing as below:
TOPPY'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51 Med: 0.54 Max: 0.6
Current: 0.52
During the past 13 years, the highest Equity to Asset Ratio of Toppan Holdings was 0.60. The lowest was 0.51. And the median was 0.54.
TOPPY's Equity-to-Asset is ranked better than 58.55% of 567
companies
in the Conglomerates industry
Industry Median: 0.45
vs TOPPY: 0.52
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%.
Toppan Holdings Equity-to-Asset Related Terms
Toppan Holdings Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Toppan Holdings'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 Conglomerates subindustry, Toppan Holdings'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.
Toppan Holdings Equity-to-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Toppan Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Toppan Holdings'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.
Toppan Holdings'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.
Toppan Holdings (TOPPY) has a Equity-to-Asset of 0.52 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Toppan Holdings and its competitors. This is near median its historical median of 0.54. Over the past decade, Toppan Holdings' Equity-to-Asset has ranged from 0.51 to 0.60. According to the industry distribution chart, Toppan Holdings ranks #235 out of 567 companies in the Conglomerates industry, placing it in the top 41.4%.
Is Toppan Holdings' Equity-to-Asset too high?
Toppan Holdings' current Equity-to-Asset of 0.52 is near median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 0.60. The Conglomerates industry median Equity-to-Asset is 0.45. Toppan Holdings' value of 0.52 is 15.6% above this industry median. Based on the distribution chart, Toppan Holdings ranks #235 out of 567 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Toppan Holdings has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toppan Holdings' Equity-to-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, Toppan Holdings ranks #235 out of 567 companies for Equity-to-Asset. This puts Toppan Holdings in the upper half of its industry. The industry median Equity-to-Asset is 0.45. Toppan Holdings' value of 0.52 is 15.6% above this benchmark. Historically, Toppan Holdings' own Equity-to-Asset has ranged from 0.51 to 0.60 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.45, Toppan Holdings 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 Conglomerates company?
The median Equity-to-Asset among Conglomerates companies is 0.45, based on 567 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. Toppan Holdings's current Equity-to-Asset of 0.52 is 15.6% 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 Toppan Holdings and its competitors. For the Conglomerates industry, the median Equity-to-Asset is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toppan Holdings's current Equity-to-Asset is 0.52, which is near median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toppan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Toppan Holdings (TOPPY) is currently considered Fairly Valued. The stock's GF Value™ is $14.74, compared to a current price of $14.21 — trading 3.6% below its estimated fair value. The current Equity-to-Asset is 0.52, which is near median its 10-year median of 0.54 and 15.6% above the Conglomerates industry median of 0.45. Toppan Holdings' overall GF Score™ is 85/100 with 5 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 Toppan Holdings (TOPPY), the current Equity-to-Asset is 0.52 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 Toppan Holdings (TOPPY) Overvalued in 2026?
Based on GuruFocus' analysis, Toppan Holdings stock appears to be undervalued.
The current stock price of $14.21 is trading 3.6% below its estimated GF Value™ of $14.74.
GuruFocus considers Toppan Holdings to be Fairly Valued.
Key valuation signals for TOPPY:
Equity-to-Asset: 0.52 (near median its 10-year median of 0.54)
GF Value™: $14.74 vs. price of $14.21 (3.6% below fair value)
Industry Position: 15.6% above the Conglomerates median (#235 of 567)
No single metric tells the full story. See the TOPPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toppan Holdings Inc provides products and services geared toward printing technologies. Its product portfolio of printing technologies consists of in-store advertisements, books, magnetic cards, floor filters, wallpaper, flexible packaging, and other solutions. The company operates three business segments: information and communication (the majority of total revenue), electronics, and living and industry. Toppan Printing provides secure documents, such as credit cards, coupons, and business forms, and offers a mix of marketing materials to increase diversification. It utilizes sales promotion personnel, printing press operators, and research personnel to develop solutions for customers. Operations and sales are located in Japan.
85GF Score
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