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.
Iron Force Industrial CoTPE:2228 -4.55%90 Equity-to-Asset is 0.71 as of Jun. 2026, which is 1% below its 10-year median of 0.72. GuruFocus rates TPE:2228 with a GF Score™ of 90/100 and a GF Value™ of NT$89.89 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,340 Vehicles & Parts companies, Iron Force Industrial Co ranks better than 82.91% on this metric.
Iron Force Industrial Co (TPE:2228) 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%.
Iron Force Industrial Co Equity-to-Asset Related Terms
Iron Force Industrial Co 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.
TPE:2228 vs ORLY, AZO, GPC: Equity-to-Asset Comparison
For the Auto Parts subindustry, Iron Force Industrial 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.
Iron Force Industrial Co Equity-to-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Iron Force Industrial Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Iron Force Industrial Co's Equity-to-Asset falls into.
Iron Force Industrial Co 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.
Iron Force Industrial 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.
Iron Force Industrial Co (TPE:2228) has a Equity-to-Asset of 0.71 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Iron Force Industrial Co and its competitors. This is near median its historical median of 0.72. Over the past decade, Iron Force Industrial Co's Equity-to-Asset has ranged from 0.65 to 0.80. According to the industry distribution chart, Iron Force Industrial Co ranks #229 out of 1340 companies in the Vehicles & Parts industry, placing it in the top 17.1%.
Is Iron Force Industrial Co's Equity-to-Asset too high?
Iron Force Industrial Co's current Equity-to-Asset of 0.71 is near median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 0.80. The Vehicles & Parts industry median Equity-to-Asset is 0.48. Iron Force Industrial Co's value of 0.71 is 47.9% above this industry median. Based on the distribution chart, Iron Force Industrial Co ranks #229 out of 1340 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Iron Force Industrial Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Iron Force Industrial Co's Equity-to-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Iron Force Industrial Co ranks #229 out of 1340 companies for Equity-to-Asset. This places Iron Force Industrial Co in the top 17% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.48. Iron Force Industrial Co's value of 0.71 is 47.9% above this benchmark. Historically, Iron Force Industrial Co's own Equity-to-Asset has ranged from 0.65 to 0.80 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 0.48, Iron Force Industrial 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 Vehicles & Parts company?
The median Equity-to-Asset among Vehicles & Parts companies is 0.48, based on 1,340 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. Iron Force Industrial Co's current Equity-to-Asset of 0.71 is 47.9% 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 Iron Force Industrial Co and its competitors. For the Vehicles & Parts industry, the median Equity-to-Asset is 0.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iron Force Industrial Co's current Equity-to-Asset is 0.71, which is near median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iron Force Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Iron Force Industrial Co (TPE:2228) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$89.89, compared to a current price of NT$73.40 — trading 18.3% below its estimated fair value. The current Equity-to-Asset is 0.71, which is near median its 10-year median of 0.72 and 47.9% above the Vehicles & Parts industry median of 0.48. Iron Force Industrial Co's overall GF Score™ is 90/100 with 2 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 Iron Force Industrial Co (TPE:2228), the current Equity-to-Asset is 0.71 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 Iron Force Industrial Co (TPE:2228) Overvalued in 2026?
Based on GuruFocus' analysis, Iron Force Industrial Co stock appears to be undervalued.
The current stock price of NT$73.40 is trading 18.3% below its estimated GF Value™ of NT$89.89.
GuruFocus considers Iron Force Industrial Co to be Modestly Undervalued.
Key valuation signals for TPE:2228:
Equity-to-Asset: 0.71 (near median its 10-year median of 0.72)
GF Value™: NT$89.89 vs. price of NT$73.40 (18.3% below fair value)
Industry Position: 47.9% above the Vehicles & Parts median (#229 of 1340)
No single metric tells the full story. See the TPE:2228 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iron Force Industrial Co Ltd is a Taiwan-based company mainly engaged in manufacturing and trading airbag inflators for automotive safety systems, high-precision metal tubes for seatbelt retractor/pretensioner systems, and trading display fixtures and other metal parts. The majority of its revenue is generated from the manufacturing and sales of automotive safety components. Geographically, the company generates maximum revenue from Mainland China and the rest from Taiwan and Europe.
90GF Score
Get the complete analysis for TPE:2228
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
TPE:2228 has been successfully added to your 
