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.
Toplivo ADXBUL:TOPL 48 Equity-to-Asset is 0.69 as of Jun. 2026, which is 8% above its 10-year median of 0.64. GuruFocus rates XBUL:TOPL with a GF Score™ of 48/100 and a GF Value™ of €4.44 (Modestly Undervalued). Among 1,030 Oil & Gas companies, Toplivo AD ranks better than 74.85% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Toplivo AD's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €42.5 Mil. Toplivo AD's Total Assets for the quarter that ended in Jun. 2026 was €61.4 Mil.
Therefore, Toplivo AD's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.69.
The historical rank and industry rank for Toplivo AD's Equity-to-Asset or its related term are showing as below:
XBUL:TOPL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.55 Med: 0.64 Max: 0.77
Current: 0.69
During the past 13 years, the highest Equity to Asset Ratio of Toplivo AD was 0.77. The lowest was 0.55. And the median was 0.64.
XBUL:TOPL's Equity-to-Asset is ranked better than 74.85% of 1030
companies
in the Oil & Gas industry
Industry Median: 0.5
vs XBUL:TOPL: 0.69
Toplivo AD (XBUL:TOPL) 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%.
Toplivo AD Equity-to-Asset Related Terms
Toplivo AD Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Toplivo AD'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.
XBUL:TOPL vs MPC, VLO, PSX: Equity-to-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, Toplivo AD'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.
Toplivo AD Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Toplivo AD's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Toplivo AD'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.
Toplivo AD's Equity to Asset Ratio for the fiscal year that ended in Dec. 2024 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.
Toplivo AD (XBUL:TOPL) has a Equity-to-Asset of 0.69 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Toplivo AD and its competitors. This is near median its historical median of 0.64. Over the past decade, Toplivo AD's Equity-to-Asset has ranged from 0.55 to 0.77. According to the industry distribution chart, Toplivo AD ranks #259 out of 1030 companies in the Oil & Gas industry, placing it in the top 25.1%.
Is Toplivo AD's Equity-to-Asset too high?
Toplivo AD's current Equity-to-Asset of 0.69 is near median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 0.77. The Oil & Gas industry median Equity-to-Asset is 0.50. Toplivo AD's value of 0.69 is 38% above this industry median. Based on the distribution chart, Toplivo AD ranks #259 out of 1030 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Toplivo AD has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toplivo AD's Equity-to-Asset compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Toplivo AD ranks #259 out of 1030 companies for Equity-to-Asset. This puts Toplivo AD in the upper half of its industry. The industry median Equity-to-Asset is 0.50. Toplivo AD's value of 0.69 is 38% above this benchmark. Historically, Toplivo AD's own Equity-to-Asset has ranged from 0.55 to 0.77 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.50, Toplivo AD 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 Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.50, based on 1,030 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. Toplivo AD's current Equity-to-Asset of 0.69 is 38% 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 Toplivo AD and its competitors. For the Oil & Gas 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. Toplivo AD's current Equity-to-Asset is 0.69, which is near median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toplivo AD stock overvalued right now?
Based on GuruFocus' analysis, Toplivo AD (XBUL:TOPL) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.44, compared to a current price of €3.90 — trading 12.2% below its estimated fair value. The current Equity-to-Asset is 0.69, which is near median its 10-year median of 0.64 and 38% above the Oil & Gas industry median of 0.50. Toplivo AD's overall GF Score™ is 48/100. 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 Toplivo AD (XBUL:TOPL), the current Equity-to-Asset is 0.69 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 Toplivo AD (XBUL:TOPL) Overvalued in 2026?
Based on GuruFocus' analysis, Toplivo AD stock appears to be undervalued.
The current stock price of €3.90 is trading 12.2% below its estimated GF Value™ of €4.44.
GuruFocus considers Toplivo AD to be Modestly Undervalued.
Key valuation signals for XBUL:TOPL:
Equity-to-Asset: 0.69 (near median its 10-year median of 0.64)
GF Value™: €4.44 vs. price of €3.90 (12.2% below fair value)
Industry Position: 38% above the Oil & Gas median (#259 of 1030)
No single metric tells the full story. See the XBUL:TOPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toplivo AD is engaged in the provision of petroleum products like propane-butane, liquid petrol and liquid petroleum gas. It also offers construction and heating materials like firewood, wooden materials, decorating tiles, briquettes, wood, and metals.
48GF Score
Get the complete analysis for XBUL:TOPL
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
XBUL:TOPL has been successfully added to your 
