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.
Topaz EnergyTPZEF +1.97%86 Equity-to-Asset is 0.68 as of Jun. 2026, which is 9% below its 10-year median of 0.75. GuruFocus rates TPZEF with a GF Score™ of 86/100 and a GF Value™ of $20.45 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,032 Oil & Gas companies, Topaz Energy ranks better than 73.45% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Topaz Energy's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $1,073.0 Mil. Topaz Energy's Total Assets for the quarter that ended in Jun. 2026 was $1,579.5 Mil.
Therefore, Topaz Energy's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.68.
The historical rank and industry rank for Topaz Energy's Equity-to-Asset or its related term are showing as below:
TPZEF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66 Med: 0.75 Max: 1
Current: 0.68
During the past 7 years, the highest Equity to Asset Ratio of Topaz Energy was 1.00. The lowest was 0.66. And the median was 0.75.
TPZEF's Equity-to-Asset is ranked better than 73.45% of 1032
companies
in the Oil & Gas industry
Industry Median: 0.49
vs TPZEF: 0.68
Topaz Energy (OTCPK:TPZEF) 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%.
Topaz Energy Equity-to-Asset Related Terms
Topaz Energy Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Topaz Energy'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.
TPZEF vs WMB, EPD, KMI: Equity-to-Asset Comparison
For the Oil & Gas Midstream subindustry, Topaz Energy'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.
Topaz Energy Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Topaz Energy's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Topaz Energy'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.
Topaz Energy'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.
Topaz Energy (TPZEF) has a Equity-to-Asset of 0.68 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Topaz Energy and its competitors. This is near median its historical median of 0.75. Over the past decade, Topaz Energy's Equity-to-Asset has ranged from 0.66 to 1.00. According to the industry distribution chart, Topaz Energy ranks #274 out of 1032 companies in the Oil & Gas industry, placing it in the top 26.6%.
Is Topaz Energy's Equity-to-Asset too high?
Topaz Energy's current Equity-to-Asset of 0.68 is near median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 1.00. The Oil & Gas industry median Equity-to-Asset is 0.49. Topaz Energy's value of 0.68 is 38.8% above this industry median. Based on the distribution chart, Topaz Energy ranks #274 out of 1032 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Topaz Energy has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Topaz Energy's Equity-to-Asset compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Topaz Energy ranks #274 out of 1032 companies for Equity-to-Asset. This puts Topaz Energy in the upper half of its industry. The industry median Equity-to-Asset is 0.49. Topaz Energy's value of 0.68 is 38.8% above this benchmark. Historically, Topaz Energy's own Equity-to-Asset has ranged from 0.66 to 1.00 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.49, Topaz Energy 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 Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,032 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. Topaz Energy's current Equity-to-Asset of 0.68 is 38.8% 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 Topaz Energy and its competitors. For the Oil & Gas 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. Topaz Energy's current Equity-to-Asset is 0.68, which is near median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topaz Energy stock overvalued right now?
Based on GuruFocus' analysis, Topaz Energy (TPZEF) is currently considered Modestly Overvalued. The stock's GF Value™ is $20.45, compared to a current price of $23.17 — trading 13.3% above its estimated fair value. The current Equity-to-Asset is 0.68, which is near median its 10-year median of 0.75 and 38.8% above the Oil & Gas industry median of 0.49. Topaz Energy's overall GF Score™ is 86/100 with 6 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 Topaz Energy (TPZEF), the current Equity-to-Asset is 0.68 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 Topaz Energy (TPZEF) Overvalued in 2026?
Based on GuruFocus' analysis, Topaz Energy stock appears to be overvalued.
The current stock price of $23.17 is trading 13.3% above its estimated GF Value™ of $20.45.
GuruFocus considers Topaz Energy to be Modestly Overvalued.
Key valuation signals for TPZEF:
Equity-to-Asset: 0.68 (near median its 10-year median of 0.75)
GF Value™: $20.45 vs. price of $23.17 (13.3% above fair value)
Industry Position: 38.8% above the Oil & Gas median (#274 of 1032)
No single metric tells the full story. See the TPZEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. The company generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.
86GF Score
Get the complete analysis for TPZEF
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
TPZEF has been successfully added to your 
