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.
SPARX Group CoTSE:8739 +1.39%89 Equity-to-Asset is 0.68 as of Mar. 2026, which is 3% above its 10-year median of 0.66. GuruFocus rates TSE:8739 with a GF Score™ of 89/100 and a GF Value™ of 円2,036.82 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,628 Asset Management companies, SPARX Group Co ranks worse than 63.27% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. SPARX Group Co's Total Stockholders Equity for the quarter that ended in Mar. 2026 was 円39,203 Mil. SPARX Group Co's Total Assets for the quarter that ended in Mar. 2026 was 円57,600 Mil.
Therefore, SPARX Group Co's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.68.
The historical rank and industry rank for SPARX Group Co's Equity-to-Asset or its related term are showing as below:
TSE:8739'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.59 Med: 0.66 Max: 0.69
Current: 0.69
During the past 13 years, the highest Equity to Asset Ratio of SPARX Group Co was 0.69. The lowest was 0.59. And the median was 0.66.
TSE:8739's Equity-to-Asset is ranked worse than 63.27% of 1628
companies
in the Asset Management industry
Industry Median: 0.83
vs TSE:8739: 0.69
SPARX Group Co (TSE:8739) 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%.
SPARX Group Co Equity-to-Asset Related Terms
SPARX Group Co Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for SPARX Group 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.
TSE:8739 vs BLK, BX, KKR: Equity-to-Asset Comparison
For the Asset Management subindustry, SPARX Group 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.
SPARX Group Co Equity-to-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, SPARX Group Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where SPARX Group 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.
SPARX Group Co'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.
SPARX Group Co (TSE:8739) has a Equity-to-Asset of 0.68 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on SPARX Group Co and its competitors. This is near median its historical median of 0.66. Over the past decade, SPARX Group Co's Equity-to-Asset has ranged from 0.59 to 0.69. According to the industry distribution chart, SPARX Group Co ranks #1030 out of 1628 companies in the Asset Management industry, placing it in the top 63.3%.
Is SPARX Group Co's Equity-to-Asset too high?
SPARX Group Co's current Equity-to-Asset of 0.68 is near median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 0.69. The Asset Management industry median Equity-to-Asset is 0.83. SPARX Group Co's value of 0.68 is 18.1% below this industry median. Based on the distribution chart, SPARX Group Co ranks #1030 out of 1628 companies in the Asset Management industry, which is below the industry midpoint. Overall, SPARX Group Co has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPARX Group Co's Equity-to-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, SPARX Group Co ranks #1030 out of 1628 companies for Equity-to-Asset. This places SPARX Group Co in the lower half of its industry. The industry median Equity-to-Asset is 0.83. SPARX Group Co's value of 0.68 is 18.1% below this benchmark. Historically, SPARX Group Co's own Equity-to-Asset has ranged from 0.59 to 0.69 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 0.83, SPARX Group Co 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 an Asset Management company?
The median Equity-to-Asset among Asset Management companies is 0.83, based on 1,628 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. SPARX Group Co's current Equity-to-Asset of 0.68 is 18.1% 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 SPARX Group Co and its competitors. For the Asset Management industry, the median Equity-to-Asset is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPARX Group Co's current Equity-to-Asset is 0.68, which is near median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPARX Group Co stock overvalued right now?
Based on GuruFocus' analysis, SPARX Group Co (TSE:8739) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,036.82, compared to a current price of 円2,628.00 — trading 29% above its estimated fair value. The current Equity-to-Asset is 0.68, which is near median its 10-year median of 0.66 and 18.1% below the Asset Management industry median of 0.83. SPARX Group Co's overall GF Score™ is 89/100 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 SPARX Group Co (TSE:8739), the current Equity-to-Asset is 0.68 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 SPARX Group Co (TSE:8739) Overvalued in 2026?
Based on GuruFocus' analysis, SPARX Group Co stock appears to be overvalued.
The current stock price of 円2,628.00 is trading 29% above its estimated GF Value™ of 円2,036.82.
GuruFocus considers SPARX Group Co to be Modestly Overvalued.
Key valuation signals for TSE:8739:
Equity-to-Asset: 0.68 (near median its 10-year median of 0.66)
GF Value™: 円2,036.82 vs. price of 円2,628.00 (29% above fair value)
Industry Position: 18.1% below the Asset Management median (#1030 of 1628)
No single metric tells the full story. See the TSE:8739 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPARX Group Co Ltd is a Japan-based holding company engaged in the Asset Management Business and Investment Advisory Business, through its subsidiaries. It operates a variety of investment strategies through a host of entities. The group invests on behalf of corporate pension annuities, government entities, private and trust banks, and public pension funds. Strategies include Japanese equity, Asia ex-Japan alternatives, and Korean strategies. In addition to mutual fund offerings, the company offers advisory services to customers in Japan. Mutual fund offerings are offered directly or through brokerage houses, banks, and other intermediaries globally.
89GF Score
Get the complete analysis for TSE:8739
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
TSE:8739 has been successfully added to your 
