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Carrier GlobalXSWX:CARR -0.31%81 Equity-to-Asset is 0.35 as of Jun. 2026, which is 17% above its 10-year median of 0.30. GuruFocus rates XSWX:CARR with a GF Score™ of 81/100 and a GF Value™ of CHF56.50. The stock has 8 warning signs investors should review. Among 1,787 Construction companies, Carrier Global ranks worse than 65.81% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Carrier Global's Total Stockholders Equity for the quarter that ended in Jun. 2026 was CHF10,508 Mil. Carrier Global's Total Assets for the quarter that ended in Jun. 2026 was CHF29,871 Mil.
Therefore, Carrier Global's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.35.
The historical rank and industry rank for Carrier Global's Equity-to-Asset or its related term are showing as below:
XSWX:CARR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12 Med: 0.3 Max: 0.64
Current: 0.35
During the past 9 years, the highest Equity to Asset Ratio of Carrier Global was 0.64. The lowest was 0.12. And the median was 0.30.
XSWX:CARR's Equity-to-Asset is ranked worse than 65.81% of 1787
companies
in the Construction industry
Industry Median: 0.45
vs XSWX:CARR: 0.35
Carrier Global (XSWX:CARR) 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%.
Carrier Global Equity-to-Asset Related Terms
Carrier Global Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Carrier Global'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.
XSWX:CARR vs JCI, LII, MAIR: Equity-to-Asset Comparison
For the Building Products & Equipment subindustry, Carrier Global'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.
Carrier Global Equity-to-Asset vs Construction Industry
For the Construction industry and Industrials sector, Carrier Global's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Carrier Global'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.
Carrier Global'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.
Carrier Global (XSWX:CARR) has a Equity-to-Asset of 0.35 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Carrier Global and its competitors. This is 17% above median its historical median of 0.30. Over the past decade, Carrier Global's Equity-to-Asset has ranged from 0.12 to 0.64. According to the industry distribution chart, Carrier Global ranks #1176 out of 1787 companies in the Construction industry, placing it in the top 65.8%.
Is Carrier Global's Equity-to-Asset too high?
Carrier Global's current Equity-to-Asset of 0.35 is 17% above median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.64. The Construction industry median Equity-to-Asset is 0.45. Carrier Global's value of 0.35 is 22.2% below this industry median. Based on the distribution chart, Carrier Global ranks #1176 out of 1787 companies in the Construction industry, which is below the industry midpoint. Overall, Carrier Global has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Carrier Global's Equity-to-Asset compare to JCI and LII?
According to the Construction industry distribution chart, Carrier Global ranks #1176 out of 1787 companies for Equity-to-Asset. This places Carrier Global in the lower half of its industry. The industry median Equity-to-Asset is 0.45. Carrier Global's value of 0.35 is 22.2% below this benchmark. Historically, Carrier Global's own Equity-to-Asset has ranged from 0.12 to 0.64 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.45, Carrier Global has consistently been below 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 Construction company?
The median Equity-to-Asset among Construction companies is 0.45, based on 1,787 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. Carrier Global's current Equity-to-Asset of 0.35 is 22.2% below 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 Carrier Global and its competitors. For the Construction industry, the median Equity-to-Asset is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carrier Global's current Equity-to-Asset is 0.35, which is 17% above median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carrier Global stock overvalued right now?
Carrier Global (XSWX:CARR) has a current Equity-to-Asset of 0.35. The stock's GF Value™ is CHF56.50, compared to a current price of CHF48.77 — trading 13.7% below its estimated fair value. The current Equity-to-Asset is 0.35, which is 17% above median its 10-year median of 0.30 and 22.2% below the Construction industry median of 0.45. Carrier Global's overall GF Score™ is 81/100 with 8 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 Carrier Global (XSWX:CARR), the current Equity-to-Asset is 0.35 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 Carrier Global (XSWX:CARR) Overvalued in 2026?
Based on GuruFocus' analysis, Carrier Global stock appears to be undervalued.
The current stock price of CHF48.77 is trading 13.7% below its estimated GF Value™ of CHF56.50.
Key valuation signals for XSWX:CARR:
Equity-to-Asset: 0.35 (17% above median its 10-year median of 0.30)
GF Value™: CHF56.50 vs. price of CHF48.77 (13.7% below fair value)
Industry Position: 22.2% below the Construction median (#1176 of 1787)
No single metric tells the full story. See the XSWX:CARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier brand, as well as Bryant, Payne, Heil, and others across various price points. In 2024, Carrier acquired Viessmann Climate Solutions to expand its footprint in Europe with heat pumps, boilers, and solar PV equipment. Proceeds from the sale of Carrier's fire and security (Honeywell) and commercial refrigeration (Haier) businesses reduced debt and focused the company on global HVAC and refrigeration solutions. Carrier generates 75% of sales from equipment and 25% from parts and services. The company derives 50% of revenue from the US, 30% from Europe, and 20% from the Asia-Pacific region.
81GF Score
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