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Steppe GoldTSX:STGO 71 Equity-to-Asset is 0.42 as of Jun. 2026, which is 31% above its 10-year median of 0.32. GuruFocus rates TSX:STGO with a GF Score™ of 71/100 and a GF Value™ of C$1.16 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,672 Metals & Mining companies, Steppe Gold ranks worse than 77.69% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Steppe Gold's Total Stockholders Equity for the quarter that ended in Jun. 2026 was C$227.5 Mil. Steppe Gold's Total Assets for the quarter that ended in Jun. 2026 was C$538.1 Mil.
Therefore, Steppe Gold's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.42.
The historical rank and industry rank for Steppe Gold's Equity-to-Asset or its related term are showing as below:
TSX:STGO'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0 Med: 0.32 Max: 0.84
Current: 0.42
During the past 10 years, the highest Equity to Asset Ratio of Steppe Gold was 0.84. The lowest was 0.00. And the median was 0.32.
TSX:STGO's Equity-to-Asset is ranked worse than 77.69% of 2672
companies
in the Metals & Mining industry
Industry Median: 0.8
vs TSX:STGO: 0.42
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%.
Steppe Gold Equity-to-Asset Related Terms
Steppe Gold Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Steppe Gold'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 Gold subindustry, Steppe Gold'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.
Steppe Gold Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Steppe Gold's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Steppe Gold'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.
Steppe Gold'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.
Steppe Gold (TSX:STGO) has a Equity-to-Asset of 0.42 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Steppe Gold and its competitors. This is 31% above median its historical median of 0.32. According to the industry distribution chart, Steppe Gold ranks #2076 out of 2672 companies in the Metals & Mining industry, placing it in the top 77.7%.
Is Steppe Gold's Equity-to-Asset too high?
Steppe Gold's current Equity-to-Asset of 0.42 is 31% above median its 10-year median of 0.32. The Metals & Mining industry median Equity-to-Asset is 0.80. Steppe Gold's value of 0.42 is 47.5% below this industry median. Based on the distribution chart, Steppe Gold ranks #2076 out of 2672 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Steppe Gold has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steppe Gold's Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Steppe Gold ranks #2076 out of 2672 companies for Equity-to-Asset. This places Steppe Gold in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Steppe Gold's value of 0.42 is 47.5% below this benchmark. While the company's 10-year median is 0.32 vs. the industry median of 0.80, Steppe Gold 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 Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.80, based on 2,672 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. Steppe Gold's current Equity-to-Asset of 0.42 is 47.5% 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 Steppe Gold and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steppe Gold's current Equity-to-Asset is 0.42, which is 31% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Gold stock overvalued right now?
Based on GuruFocus' analysis, Steppe Gold (TSX:STGO) is currently considered Significantly Overvalued. The stock's GF Value™ is C$1.16, compared to a current price of C$1.85 — trading 59.5% above its estimated fair value. The current Equity-to-Asset is 0.42, which is 31% above median its 10-year median of 0.32 and 47.5% below the Metals & Mining industry median of 0.80. Steppe Gold's overall GF Score™ is 71/100 with 1 warning sign 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 Steppe Gold (TSX:STGO), the current Equity-to-Asset is 0.42 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 Steppe Gold (TSX:STGO) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Gold stock appears to be overvalued.
The current stock price of C$1.85 is trading 59.5% above its estimated GF Value™ of C$1.16.
GuruFocus considers Steppe Gold to be Significantly Overvalued.
Key valuation signals for TSX:STGO:
Equity-to-Asset: 0.42 (31% above median its 10-year median of 0.32)
GF Value™: C$1.16 vs. price of C$1.85 (59.5% above fair value)
Industry Position: 47.5% below the Metals & Mining median (#2076 of 2672)
No single metric tells the full story. See the TSX:STGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steppe Gold Ltd is engaged in operating, developing, exploring, and acquiring precious metal projects in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the ATO Project, or ATO Gold Mine), located in Eastern Mongolia. In addition, it owns the Boroo and Ulaanbulag mines (together as the Boroo Project), and holds interest rights in the Uudam Khundii (UK) project in Mongolia. The company derives its revenue from the sale of gold and silver to banks in Mongolia at London Metal Exchange-based spot rates. A majority of its revenue is generated from the sale of gold.
71GF Score
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