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AppAsia BhdXKLS:0119 -4.00%42 Equity-to-Asset is 0.92 as of Jun. 2026, which is 5% above its 10-year median of 0.88. GuruFocus rates XKLS:0119 with a GF Score™ of 42/100 and a GF Value™ of RM0.10 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,887 Software companies, AppAsia Bhd ranks better than 96.43% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. AppAsia Bhd's Total Stockholders Equity for the quarter that ended in Jun. 2026 was RM40.21 Mil. AppAsia Bhd's Total Assets for the quarter that ended in Jun. 2026 was RM43.52 Mil.
Therefore, AppAsia Bhd's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.92.
The historical rank and industry rank for AppAsia Bhd's Equity-to-Asset or its related term are showing as below:
XKLS:0119'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.21 Med: 0.88 Max: 0.96
Current: 0.92
During the past 13 years, the highest Equity to Asset Ratio of AppAsia Bhd was 0.96. The lowest was 0.21. And the median was 0.88.
XKLS:0119's Equity-to-Asset is ranked better than 96.43% of 2887
companies
in the Software industry
Industry Median: 0.55
vs XKLS:0119: 0.92
AppAsia Bhd (XKLS:0119) 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%.
AppAsia Bhd Equity-to-Asset Related Terms
AppAsia Bhd Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for AppAsia Bhd'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.
XKLS:0119 vs CRM, SHOP, UBER: Equity-to-Asset Comparison
For the Software - Application subindustry, AppAsia Bhd'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.
AppAsia Bhd Equity-to-Asset vs Software Industry
For the Software industry and Technology sector, AppAsia Bhd's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where AppAsia Bhd'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.
AppAsia Bhd'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.
AppAsia Bhd (XKLS:0119) has a Equity-to-Asset of 0.92 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on AppAsia Bhd and its competitors. This is near median its historical median of 0.88. Over the past decade, AppAsia Bhd's Equity-to-Asset has ranged from 0.21 to 0.96. According to the industry distribution chart, AppAsia Bhd ranks #103 out of 2887 companies in the Software industry, placing it in the top 3.6%.
Is AppAsia Bhd's Equity-to-Asset too high?
AppAsia Bhd's current Equity-to-Asset of 0.92 is near median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.96. The Software industry median Equity-to-Asset is 0.55. AppAsia Bhd's value of 0.92 is 67.3% above this industry median. Based on the distribution chart, AppAsia Bhd ranks #103 out of 2887 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, AppAsia Bhd has a GF Score™ of 42/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AppAsia Bhd's Equity-to-Asset compare to CRM and SHOP?
According to the Software industry distribution chart, AppAsia Bhd ranks #103 out of 2887 companies for Equity-to-Asset. This places AppAsia Bhd in the top 4% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.55. AppAsia Bhd's value of 0.92 is 67.3% above this benchmark. Historically, AppAsia Bhd's own Equity-to-Asset has ranged from 0.21 to 0.96 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 0.55, AppAsia Bhd 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 a Software company?
The median Equity-to-Asset among Software companies is 0.55, based on 2,887 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. AppAsia Bhd's current Equity-to-Asset of 0.92 is 67.3% 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 AppAsia Bhd and its competitors. For the Software industry, the median Equity-to-Asset is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AppAsia Bhd's current Equity-to-Asset is 0.92, which is near median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AppAsia Bhd stock overvalued right now?
Based on GuruFocus' analysis, AppAsia Bhd (XKLS:0119) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.10, compared to a current price of RM0.12 — trading 20% above its estimated fair value. The current Equity-to-Asset is 0.92, which is near median its 10-year median of 0.88 and 67.3% above the Software industry median of 0.55. AppAsia Bhd's overall GF Score™ is 42/100 with 4 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 AppAsia Bhd (XKLS:0119), the current Equity-to-Asset is 0.92 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 AppAsia Bhd (XKLS:0119) Overvalued in 2026?
Based on GuruFocus' analysis, AppAsia Bhd stock appears to be overvalued.
The current stock price of RM0.12 is trading 20% above its estimated GF Value™ of RM0.10.
GuruFocus considers AppAsia Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:0119:
Equity-to-Asset: 0.92 (near median its 10-year median of 0.88)
GF Value™: RM0.10 vs. price of RM0.12 (20% above fair value)
Industry Position: 67.3% above the Software median (#103 of 2887)
No single metric tells the full story. See the XKLS:0119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AppAsia Bhd is a digital platform provider specialising in blockchain technologies, advanced mobile applications, and digital content. The company operates in the segments of Financial Services Business, E-Commerce Business, Digital solutions Business, and Investment Holding and Other Businesses. Investment holding includes investment management and provision of management services and other complimentary services; E-Commerce Business segment engages in the provision of online marketplace for e-commerce activities; Digital solutions business engages in the provision of digital platform related solutions and services; and Financial services segment provides financial assistance. Geographically, the group operates in Malaysia and United States, of which key revenue is derived from Malaysia.
42GF Score
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