Image Power (WAR:IPW) Equity-to-Asset: -2.41 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

WAR:IPW Image Power SA WAR:IPW
67 GF Score
Price zł1.72
GF Value zł3.65
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Image Power Equity-to-Asset?

Image Power WAR:IPW -1.71% 67 Equity-to-Asset is -2.41 as of Mar. 2026. GuruFocus rates WAR:IPW with a GF Score™ of 67/100 and a GF Value™ of zł3.65 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 564 Interactive Media companies, Image Power ranks worse than 97.16% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Image Power's Total Stockholders Equity for the quarter that ended in Mar. 2026 was zł-0.26 Mil. Image Power's Total Assets for the quarter that ended in Mar. 2026 was zł0.11 Mil. Therefore, Image Power's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was -2.41.

The historical rank and industry rank for Image Power's Equity-to-Asset or its related term are showing as below:

WAR:IPW' s Equity-to-Asset Range Over the Past 10 Years
Min: -3.07   Med: 0.47   Max: 0.99
Current: -2.41

During the past 8 years, the highest Equity to Asset Ratio of Image Power was 0.99. The lowest was -3.07. And the median was 0.47.

WAR:IPW's Equity-to-Asset is ranked worse than
97.16% of 564 companies
in the Interactive Media industry
Industry Median: 0.65 vs WAR:IPW: -2.41

Image Power  (WAR:IPW) 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%.


Image Power Equity-to-Asset Related Terms


Image Power Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Image Power'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.

Image Power Equity-to-Asset Chart

Image Power Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial 0.80 0.47 0.19 -0.19 -3.07

Image Power Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -0.23 -0.57 0.70 -3.07 -2.41

WAR:IPW vs NTES, EA, TTWO: Equity-to-Asset Comparison

For the Electronic Gaming & Multimedia subindustry, Image Power'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.


Image Power Equity-to-Asset vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Image Power's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Image Power's Equity-to-Asset falls into.


WAR:IPW
67GF Score
Image Power SA WAR:IPW
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Image Power 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.

Image Power's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=-0.212/0.069
=-3.07

Image Power's Equity to Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

Equity to Asset (Q: Mar. 2026 )=Total Stockholders Equity/Total Assets
=-0.258/0.107
=-2.41

* 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 -2.41 mean?
Image Power (WAR:IPW) has a Equity-to-Asset of -2.41 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Image Power and its competitors. According to the industry distribution chart, Image Power ranks #548 out of 564 companies in the Interactive Media industry, placing it in the top 97.2%.
Is Image Power's Equity-to-Asset too high?
Image Power's current Equity-to-Asset is -2.41. Based on the distribution chart, Image Power ranks #548 out of 564 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Image Power has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Image Power's Equity-to-Asset compare to NTES and EA?
According to the Interactive Media industry distribution chart, Image Power ranks #548 out of 564 companies for Equity-to-Asset. This places Image Power in the lower half of its industry. The industry median Equity-to-Asset is 0.65. 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 Interactive Media company?
The median Equity-to-Asset among Interactive Media companies is 0.65, based on 564 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. 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 Image Power and its competitors. For the Interactive Media industry, the median Equity-to-Asset is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Image Power's current Equity-to-Asset is -2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Image Power stock overvalued right now?
Based on GuruFocus' analysis, Image Power (WAR:IPW) is currently considered Possible Value Trap. The stock's GF Value™ is zł3.65, compared to a current price of zł1.72 — trading 52.9% below its estimated fair value. The current Equity-to-Asset is -2.41. Image Power's overall GF Score™ is 67/100 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 Image Power (WAR:IPW), the current Equity-to-Asset is -2.41 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 Image Power (WAR:IPW) Overvalued in 2026?

Based on GuruFocus' analysis, Image Power stock appears to be undervalued. The current stock price of zł1.72 is trading 52.9% below its estimated GF Value™ of zł3.65. GuruFocus considers Image Power to be Possible Value Trap.

Key valuation signals for WAR:IPW:

  • Equity-to-Asset: -2.41
  • GF Value™: zł3.65 vs. price of zł1.72 (52.9% below fair value)
  • GF Score™: 67/100 with 6 warning signs

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


Image Power Business Description

Address ul. Popularna 14/3, Warsaw, POL, 02-473
Image Power SA operates in the video game market, specializing in the production and distribution of games for desktop computers. The company is involved in the production, publishing and marketing of games. Its products are sold globally in the digital distribution model, mainly through the dedicated steam distribution platform, which is the distributor of PC games in the world. In addition, the games are released on consoles such as Nintendo Switch, Xbox One and PlayStation 4.
67GF Score

Get the complete analysis for WAR:IPW

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

zł1.72
Price
zł3.65
GF Value