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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ballard Power Systems's Total Stockholders Equity for the quarter that ended in Mar. 2026 was CHF455.02 Mil. Ballard Power Systems's Total Assets for the quarter that ended in Mar. 2026 was CHF522.06 Mil.
Therefore, Ballard Power Systems's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.87.
The historical rank and industry rank for Ballard Power Systems's Equity-to-Asset or its related term are showing as below:
XSWX:BLDP'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.65 Med: 0.86 Max: 0.95
Current: 0.87
During the past 13 years, the highest Equity to Asset Ratio of Ballard Power Systems was 0.95. The lowest was 0.65. And the median was 0.86.
XSWX:BLDP's Equity-to-Asset is ranked better than 94.12% of 3077
companies
in the Industrial Products industry
Industry Median: 0.57
vs XSWX:BLDP: 0.87
Ballard Power Systems (XSWX:BLDP) 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%.
Ballard Power Systems Equity-to-Asset Related Terms
Ballard Power Systems Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Ballard Power Systems'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.
For the Electrical Equipment & Parts subindustry, Ballard Power Systems'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.
Ballard Power Systems Equity-to-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ballard Power Systems's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Ballard Power Systems'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.
Ballard Power Systems'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.
Ballard Power Systems (XSWX:BLDP) has a Equity-to-Asset of 0.87 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Ballard Power Systems and its competitors. This is near median its historical median of 0.86. Over the past decade, Ballard Power Systems' Equity-to-Asset has ranged from 0.65 to 0.95. According to the industry distribution chart, Ballard Power Systems ranks #181 out of 3077 companies in the Industrial Products industry, placing it in the top 5.9%.
Is Ballard Power Systems' Equity-to-Asset too high?
Ballard Power Systems' current Equity-to-Asset of 0.87 is near median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 0.95. The Industrial Products industry median Equity-to-Asset is 0.57. Ballard Power Systems' value of 0.87 is 52.6% above this industry median. Based on the distribution chart, Ballard Power Systems ranks #181 out of 3077 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ballard Power Systems has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Ballard Power Systems' Equity-to-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ballard Power Systems ranks #181 out of 3077 companies for Equity-to-Asset. This places Ballard Power Systems in the top 6% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.57. Ballard Power Systems' value of 0.87 is 52.6% above this benchmark. Historically, Ballard Power Systems' own Equity-to-Asset has ranged from 0.65 to 0.95 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 0.57, Ballard Power Systems 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 Industrial Products company?
The median Equity-to-Asset among Industrial Products companies is 0.57, based on 3,077 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. Ballard Power Systems's current Equity-to-Asset of 0.87 is 52.6% 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 Ballard Power Systems and its competitors. For the Industrial Products industry, the median Equity-to-Asset is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ballard Power Systems's current Equity-to-Asset is 0.87, which is near median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballard Power Systems stock overvalued right now?
Ballard Power Systems (XSWX:BLDP) has a current Equity-to-Asset of 0.87. The stock's GF Value™ is CHF2.39, compared to a current price of CHF2.37 — trading 0.7% below its estimated fair value. The current Equity-to-Asset is 0.87, which is near median its 10-year median of 0.86 and 52.6% above the Industrial Products industry median of 0.57. Ballard Power Systems' overall GF Score™ is 76/100 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 Ballard Power Systems (XSWX:BLDP), the current Equity-to-Asset is 0.87 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 Ballard Power Systems (XSWX:BLDP) Overvalued in 2026?
Based on GuruFocus' analysis, Ballard Power Systems stock appears to be undervalued.
The current stock price of CHF2.37 is trading 0.7% below its estimated GF Value™ of CHF2.39.
Key valuation signals for XSWX:BLDP:
Equity-to-Asset: 0.87 (near median its 10-year median of 0.86)
GF Value™: CHF2.39 vs. price of CHF2.37 (0.7% below fair value)
Industry Position: 52.6% above the Industrial Products median (#181 of 3077)
No single metric tells the full story. See the XSWX:BLDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
76GF Score
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