USNNF (U-Next Holdings Co) Equity-to-Asset: 0.36 (As of Feb. 2026) — 57% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

USNNF U-Next Holdings Co Ltd USNNF
79 GF Score
Price $13.95
GF Value $19.13
! 1 Warning Sign
View Full Analysis

What is U-Next Holdings Co Equity-to-Asset?

U-Next Holdings Co USNNF 79 Equity-to-Asset is 0.36 as of Feb. 2026, which is 57% above its 10-year median of 0.23. GuruFocus rates USNNF with a GF Score™ of 79/100 and a GF Value™ of $19.13. The stock has 1 warning sign investors should review. Among 556 Conglomerates companies, U-Next Holdings Co ranks worse than 70.14% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. U-Next Holdings Co's Total Stockholders Equity for the quarter that ended in Feb. 2026 was $680 Mil. U-Next Holdings Co's Total Assets for the quarter that ended in Feb. 2026 was $1,912 Mil. Therefore, U-Next Holdings Co's Equity to Asset Ratio for the quarter that ended in Feb. 2026 was 0.36.

The historical rank and industry rank for U-Next Holdings Co's Equity-to-Asset or its related term are showing as below:

USNNF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01   Med: 0.23   Max: 0.38
Current: 0.32

During the past 12 years, the highest Equity to Asset Ratio of U-Next Holdings Co was 0.38. The lowest was 0.01. And the median was 0.23.

USNNF's Equity-to-Asset is ranked worse than
70.14% of 556 companies
in the Conglomerates industry
Industry Median: 0.45 vs USNNF: 0.32

U-Next Holdings Co  (OTCPK:USNNF) 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%.


U-Next Holdings Co Equity-to-Asset Related Terms


U-Next Holdings Co Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for U-Next Holdings 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.

U-Next Holdings Co Equity-to-Asset Chart

U-Next Holdings Co Annual Data
Trend Dec15 Dec16 Dec17 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.26 0.34 0.36 0.38

U-Next Holdings Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.37 0.38 0.36 0.36 0.32

USNNF vs MMM, HON: Equity-to-Asset Comparison

For the Conglomerates subindustry, U-Next Holdings 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.


U-Next Holdings Co Equity-to-Asset vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, U-Next Holdings Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where U-Next Holdings Co's Equity-to-Asset falls into.


USNNF
79GF Score
U-Next Holdings Co Ltd USNNF
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

U-Next Holdings 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.

U-Next Holdings Co's Equity to Asset Ratio for the fiscal year that ended in Aug. 2025 is calculated as

Equity to Asset (A: Aug. 2025 )=Total Stockholders Equity/Total Assets
=661.581/1761.489
=0.38

U-Next Holdings Co's Equity to Asset Ratio for the quarter that ended in Feb. 2026 is calculated as

Equity to Asset (Q: Feb. 2026 )=Total Stockholders Equity/Total Assets
=679.735/1911.927
=0.36

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.36 mean?
U-Next Holdings Co (USNNF) has a Equity-to-Asset of 0.36 as of Feb. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on U-Next Holdings Co and its competitors. This is 57% above median its historical median of 0.23. Over the past decade, U-Next Holdings Co's Equity-to-Asset has ranged from 0.01 to 0.38. According to the industry distribution chart, U-Next Holdings Co ranks #390 out of 556 companies in the Conglomerates industry, placing it in the top 70.1%.
Is U-Next Holdings Co's Equity-to-Asset too high?
U-Next Holdings Co's current Equity-to-Asset of 0.36 is 57% above median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.38. The Conglomerates industry median Equity-to-Asset is 0.45. U-Next Holdings Co's value of 0.36 is 20% below this industry median. Based on the distribution chart, U-Next Holdings Co ranks #390 out of 556 companies in the Conglomerates industry, which is below the industry midpoint. Overall, U-Next Holdings Co has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does U-Next Holdings Co's Equity-to-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, U-Next Holdings Co ranks #390 out of 556 companies for Equity-to-Asset. This places U-Next Holdings Co in the lower half of its industry. The industry median Equity-to-Asset is 0.45. U-Next Holdings Co's value of 0.36 is 20% below this benchmark. Historically, U-Next Holdings Co's own Equity-to-Asset has ranged from 0.01 to 0.38 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.45, U-Next Holdings 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 a Conglomerates company?
The median Equity-to-Asset among Conglomerates companies is 0.45, based on 556 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. U-Next Holdings Co's current Equity-to-Asset of 0.36 is 20% 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 U-Next Holdings Co and its competitors. For the Conglomerates industry, the median Equity-to-Asset is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. U-Next Holdings Co's current Equity-to-Asset is 0.36, which is 57% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is U-Next Holdings Co stock overvalued right now?
U-Next Holdings Co (USNNF) has a current Equity-to-Asset of 0.36. The stock's GF Value™ is $19.13, compared to a current price of $13.95 — trading 27.1% below its estimated fair value. The current Equity-to-Asset is 0.36, which is 57% above median its 10-year median of 0.23 and 20% below the Conglomerates industry median of 0.45. U-Next Holdings Co's overall GF Score™ is 79/100 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 U-Next Holdings Co (USNNF), the current Equity-to-Asset is 0.36 as of Feb. 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 U-Next Holdings Co (USNNF) Overvalued in 2026?

Based on GuruFocus' analysis, U-Next Holdings Co stock appears to be undervalued. The current stock price of $13.95 is trading 27.1% below its estimated GF Value™ of $19.13.

Key valuation signals for USNNF:

  • Equity-to-Asset: 0.36 (57% above median its 10-year median of 0.23)
  • GF Value™: $19.13 vs. price of $13.95 (27.1% below fair value)
  • GF Score™: 79/100 with 1 warning sign
  • Industry Position: 20% below the Conglomerates median (#390 of 556)

No single metric tells the full story. See the USNNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


U-Next Holdings Co Business Description

Other Exchanges 9418:Japan
Address No.1, Shin-Osaki 3-chome, Meguro Central Square, Shinagawa-ku, Tokyo, JPN, 141-0021
U-Next Holdings Co Ltd is a social Dx company whose business domain through management integration, it has expanded its business into five segments that includes store service business, communications business, commercial systems business, content distribution business, and energy business.
79GF Score

Get the complete analysis for USNNF

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.95
Price
$19.13
GF Value