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Eco Wave Power Global ABWAVE -7.58%41 Equity-to-Asset is 0.77 as of Jun. 2026, which is 3% below its 10-year median of 0.79. GuruFocus rates WAVE with a GF Score™ of 41/100 and a GF Value™ of $1.58 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 454 Utilities - Independent Power Producers companies, Eco Wave Power Global AB ranks better than 85.24% on this metric.
Eco Wave Power Global AB (NAS:WAVE) 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%.
Eco Wave Power Global AB Equity-to-Asset Related Terms
Eco Wave Power Global AB 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.
WAVE vs NXXT, AGIG, STEM: Equity-to-Asset Comparison
For the Utilities - Renewable subindustry, Eco Wave Power Global AB'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.
Eco Wave Power Global AB Equity-to-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Eco Wave Power Global AB's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Eco Wave Power Global AB's Equity-to-Asset falls into.
Eco Wave Power Global AB 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.
Eco Wave Power Global AB'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.
Eco Wave Power Global AB (WAVE) has a Equity-to-Asset of 0.77 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Eco Wave Power Global AB and its competitors. This is near median its historical median of 0.79. According to the industry distribution chart, Eco Wave Power Global AB ranks #67 out of 454 companies in the Utilities - Independent Power Producers industry, placing it in the top 14.8%.
Is Eco Wave Power Global AB's Equity-to-Asset too high?
Eco Wave Power Global AB's current Equity-to-Asset of 0.77 is near median its 10-year median of 0.79. The Utilities - Independent Power Producers industry median Equity-to-Asset is 0.41. Eco Wave Power Global AB's value of 0.77 is 87.8% above this industry median. Based on the distribution chart, Eco Wave Power Global AB ranks #67 out of 454 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Eco Wave Power Global AB has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eco Wave Power Global AB's Equity-to-Asset compare to NXXT and AGIG?
According to the Utilities - Independent Power Producers industry distribution chart, Eco Wave Power Global AB ranks #67 out of 454 companies for Equity-to-Asset. This places Eco Wave Power Global AB in the top 15% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.41. Eco Wave Power Global AB's value of 0.77 is 87.8% above this benchmark. While the company's 10-year median is 0.79 vs. the industry median of 0.41, Eco Wave Power Global AB has consistently been above 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 an Utilities - Independent Power Producers company?
The median Equity-to-Asset among Utilities - Independent Power Producers companies is 0.41, based on 454 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. Eco Wave Power Global AB's current Equity-to-Asset of 0.77 is 87.8% above 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 Eco Wave Power Global AB and its competitors. For the Utilities - Independent Power Producers industry, the median Equity-to-Asset is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eco Wave Power Global AB's current Equity-to-Asset is 0.77, which is near median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eco Wave Power Global AB stock overvalued right now?
Based on GuruFocus' analysis, Eco Wave Power Global AB (WAVE) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.58, compared to a current price of $6.10 — trading 286.1% above its estimated fair value. The current Equity-to-Asset is 0.77, which is near median its 10-year median of 0.79 and 87.8% above the Utilities - Independent Power Producers industry median of 0.41. Eco Wave Power Global AB's overall GF Score™ is 41/100 with 2 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 Eco Wave Power Global AB (WAVE), the current Equity-to-Asset is 0.77 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 Eco Wave Power Global AB (WAVE) Overvalued in 2026?
Based on GuruFocus' analysis, Eco Wave Power Global AB stock appears to be overvalued.
The current stock price of $6.10 is trading 286.1% above its estimated GF Value™ of $1.58.
GuruFocus considers Eco Wave Power Global AB to be Significantly Overvalued.
Key valuation signals for WAVE:
Equity-to-Asset: 0.77 (near median its 10-year median of 0.79)
GF Value™: $1.58 vs. price of $6.10 (286.1% above fair value)
Industry Position: 87.8% above the Utilities - Independent Power Producers median (#67 of 454)
No single metric tells the full story. See the WAVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient wave energy conversion, or WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographically, it has a presence in Israel, the USA, and Mexico.
41GF Score
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