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.
Cognor HoldingWAR:COG +2.88%74 Equity-to-Asset is 0.46 as of Mar. 2026, which is 44% above its 10-year median of 0.32. GuruFocus rates WAR:COG with a GF Score™ of 74/100 and a GF Value™ of zł5.61 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 634 Steel companies, Cognor Holding ranks worse than 61.51% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cognor Holding's Total Stockholders Equity for the quarter that ended in Mar. 2026 was zł1,333 Mil. Cognor Holding's Total Assets for the quarter that ended in Mar. 2026 was zł2,874 Mil.
Therefore, Cognor Holding's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.46.
The historical rank and industry rank for Cognor Holding's Equity-to-Asset or its related term are showing as below:
WAR:COG'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16 Med: 0.32 Max: 0.56
Current: 0.46
During the past 13 years, the highest Equity to Asset Ratio of Cognor Holding was 0.56. The lowest was 0.16. And the median was 0.32.
WAR:COG's Equity-to-Asset is ranked worse than 61.51% of 634
companies
in the Steel industry
Industry Median: 0.54
vs WAR:COG: 0.46
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%.
Cognor Holding Equity-to-Asset Related Terms
Cognor Holding Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Cognor Holding'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.
WAR:COG vs NUE, STLD, RS: Equity-to-Asset Comparison
For the Steel subindustry, Cognor Holding'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.
Cognor Holding Equity-to-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Cognor Holding's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Cognor Holding'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.
Cognor Holding'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.
Cognor Holding (WAR:COG) has a Equity-to-Asset of 0.46 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Cognor Holding and its competitors. This is 44% above median its historical median of 0.32. Over the past decade, Cognor Holding's Equity-to-Asset has ranged from 0.16 to 0.56. According to the industry distribution chart, Cognor Holding ranks #390 out of 634 companies in the Steel industry, placing it in the top 61.5%.
Is Cognor Holding's Equity-to-Asset too high?
Cognor Holding's current Equity-to-Asset of 0.46 is 44% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.56. The Steel industry median Equity-to-Asset is 0.54. Cognor Holding's value of 0.46 is 14.8% below this industry median. Based on the distribution chart, Cognor Holding ranks #390 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Cognor Holding has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cognor Holding's Equity-to-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Cognor Holding ranks #390 out of 634 companies for Equity-to-Asset. This places Cognor Holding in the lower half of its industry. The industry median Equity-to-Asset is 0.54. Cognor Holding's value of 0.46 is 14.8% below this benchmark. Historically, Cognor Holding's own Equity-to-Asset has ranged from 0.16 to 0.56 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.54, Cognor Holding 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 Steel company?
The median Equity-to-Asset among Steel companies is 0.54, based on 634 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. Cognor Holding's current Equity-to-Asset of 0.46 is 14.8% 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 Cognor Holding and its competitors. For the Steel industry, the median Equity-to-Asset is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cognor Holding's current Equity-to-Asset is 0.46, which is 44% 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 Cognor Holding stock overvalued right now?
Based on GuruFocus' analysis, Cognor Holding (WAR:COG) is currently considered Modestly Overvalued. The stock's GF Value™ is zł5.61, compared to a current price of zł6.43 — trading 14.6% above its estimated fair value. The current Equity-to-Asset is 0.46, which is 44% above median its 10-year median of 0.32 and 14.8% below the Steel industry median of 0.54. Cognor Holding's overall GF Score™ is 74/100 with 8 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 Cognor Holding (WAR:COG), the current Equity-to-Asset is 0.46 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 Cognor Holding (WAR:COG) Overvalued in 2026?
Based on GuruFocus' analysis, Cognor Holding stock appears to be overvalued.
The current stock price of zł6.43 is trading 14.6% above its estimated GF Value™ of zł5.61.
GuruFocus considers Cognor Holding to be Modestly Overvalued.
Key valuation signals for WAR:COG:
Equity-to-Asset: 0.46 (44% above median its 10-year median of 0.32)
GF Value™: zł5.61 vs. price of zł6.43 (14.6% above fair value)
Industry Position: 14.8% below the Steel median (#390 of 634)
No single metric tells the full story. See the WAR:COG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cognor Holding SA operates in the steel industry. Along with its subsidiaries, the company is engaged in the business of scrap collection, scrap processing into steel billets, and steel products. Its product portfolio comprises metal bars, steel scrap, steel slabs, flat plates, round bars, and steel alloys, among others. The group operates in the following business segments: Zlomrex Metal (ZLMET), HSJ, Ferrostal (FER), OMS, JAP, and Others. The majority of its revenue is generated from the Ferrostal (FER) segment, which is involved in the production and sale of semi-finished steel products (raw steel) and final steel products to external customers. Geographically, the group generates maximum revenue from Poland, followed by Germany, Czechia, and other countries.
74GF Score
Get the complete analysis for WAR:COG
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
WAR:COG has been successfully added to your 
