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.
Frontier Group HoldingsULCC -1.27%78 Equity-to-Asset is 0.02 as of Jun. 2026, which is 80% below its 10-year median of 0.10. GuruFocus rates ULCC with a GF Score™ of 78/100 and a GF Value™ of $5.90 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,018 Transportation companies, Frontier Group Holdings ranks worse than 95.09% on this metric.
Frontier Group Holdings (NAS:ULCC) 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%.
Frontier Group Holdings Equity-to-Asset Related Terms
Frontier Group Holdings 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.
ULCC vs JBLU, RJET, ALGT: Equity-to-Asset Comparison
For the Airlines subindustry, Frontier Group 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.
Frontier Group Holdings Equity-to-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Frontier Group Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Frontier Group Holdings's Equity-to-Asset falls into.
Frontier Group Holdings 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.
Frontier Group Holdings'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.
Frontier Group Holdings (ULCC) has a Equity-to-Asset of 0.02 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Frontier Group Holdings and its competitors. This is 80% below median its historical median of 0.10. Over the past decade, Frontier Group Holdings' Equity-to-Asset has ranged from 0.02 to 0.33. According to the industry distribution chart, Frontier Group Holdings ranks #968 out of 1018 companies in the Transportation industry, placing it in the top 95.1%.
Is Frontier Group Holdings' Equity-to-Asset too high?
Frontier Group Holdings' current Equity-to-Asset of 0.02 is 80% below median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.33. The Transportation industry median Equity-to-Asset is 0.50. Frontier Group Holdings' value of 0.02 is 96% below this industry median. Based on the distribution chart, Frontier Group Holdings ranks #968 out of 1018 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Frontier Group Holdings has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Frontier Group Holdings' Equity-to-Asset compare to JBLU and RJET?
According to the Transportation industry distribution chart, Frontier Group Holdings ranks #968 out of 1018 companies for Equity-to-Asset. This places Frontier Group Holdings in the lower half of its industry. The industry median Equity-to-Asset is 0.50. Frontier Group Holdings' value of 0.02 is 96% below this benchmark. Historically, Frontier Group Holdings' own Equity-to-Asset has ranged from 0.02 to 0.33 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 0.50, Frontier Group Holdings 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 Transportation company?
The median Equity-to-Asset among Transportation companies is 0.50, based on 1,018 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. Frontier Group Holdings's current Equity-to-Asset of 0.02 is 96% 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 Frontier Group Holdings and its competitors. For the Transportation industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontier Group Holdings's current Equity-to-Asset is 0.02, which is 80% below median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontier Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Frontier Group Holdings (ULCC) is currently considered Fairly Valued. The stock's GF Value™ is $5.90, compared to a current price of $5.84 — trading 1% below its estimated fair value. The current Equity-to-Asset is 0.02, which is 80% below median its 10-year median of 0.10 and 96% below the Transportation industry median of 0.50. Frontier Group Holdings' overall GF Score™ is 78/100 with 7 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 Frontier Group Holdings (ULCC), the current Equity-to-Asset is 0.02 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 Frontier Group Holdings (ULCC) Overvalued in 2026?
Based on GuruFocus' analysis, Frontier Group Holdings stock appears to be undervalued.
The current stock price of $5.84 is trading 1% below its estimated GF Value™ of $5.90.
GuruFocus considers Frontier Group Holdings to be Fairly Valued.
Key valuation signals for ULCC:
Equity-to-Asset: 0.02 (80% below median its 10-year median of 0.10)
GF Value™: $5.90 vs. price of $5.84 (1% below fair value)
Industry Position: 96% below the Transportation median (#968 of 1018)
No single metric tells the full story. See the ULCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frontier Group Holdings Inc is an ultra-low-cost carrier whose business is focused on Low Fares Done Right. The company owns a fleet of 120 Airbus single-aisle aircraft, consisting of 13 A320ceos, 82 A320neos, 21 A321ceos, and 4 A321neos. The use of these aircraft, their seating configuration, weight-saving tactics, and baggage process have all contributed to the ability to continue to be the fuel-efficient of all the U.S. The Company is managed as a single business unit that provides air transportation for passengers. The majority of revenue is from Domestic flight follow by International.
78GF Score
Get the complete analysis for ULCC
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
ULCC has been successfully added to your 
