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ZTO Express (Cayman)ZTO -1.95%96 Equity-to-Asset is 0.64 as of Mar. 2026, which is 17% below its 10-year median of 0.77. GuruFocus rates ZTO with a GF Score™ of 96/100 and a GF Value™ of $30.39 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,011 Transportation companies, ZTO Express (Cayman) ranks better than 72.7% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. ZTO Express (Cayman)'s Total Stockholders Equity for the quarter that ended in Mar. 2026 was $9,013 Mil. ZTO Express (Cayman)'s Total Assets for the quarter that ended in Mar. 2026 was $14,187 Mil.
Therefore, ZTO Express (Cayman)'s Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.64.
The historical rank and industry rank for ZTO Express (Cayman)'s Equity-to-Asset or its related term are showing as below:
ZTO'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.64 Med: 0.77 Max: 0.89
Current: 0.64
During the past 12 years, the highest Equity to Asset Ratio of ZTO Express (Cayman) was 0.89. The lowest was 0.64. And the median was 0.77.
ZTO's Equity-to-Asset is ranked better than 72.7% of 1011
companies
in the Transportation industry
Industry Median: 0.5
vs ZTO: 0.64
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%.
ZTO Express (Cayman) Equity-to-Asset Related Terms
ZTO Express (Cayman) Equity-to-Asset Historical Data
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The historical data trend for ZTO Express (Cayman)'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.
ZTO vs CHRW, EXPD, FDXF: Equity-to-Asset Comparison
For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.
ZTO Express (Cayman) Equity-to-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where ZTO Express (Cayman)'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.
ZTO Express (Cayman)'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.
ZTO Express (Cayman) (ZTO) has a Equity-to-Asset of 0.64 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on ZTO Express (Cayman) and its competitors. This is 17% below median its historical median of 0.77. Over the past decade, ZTO Express (Cayman)'s Equity-to-Asset has ranged from 0.64 to 0.89. According to the industry distribution chart, ZTO Express (Cayman) ranks #276 out of 1011 companies in the Transportation industry, placing it in the top 27.3%.
Is ZTO Express (Cayman)'s Equity-to-Asset too high?
ZTO Express (Cayman)'s current Equity-to-Asset of 0.64 is 17% below median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 0.89. The Transportation industry median Equity-to-Asset is 0.50. ZTO Express (Cayman)'s value of 0.64 is 28% above this industry median. Based on the distribution chart, ZTO Express (Cayman) ranks #276 out of 1011 companies in the Transportation industry, which is above the industry midpoint. Overall, ZTO Express (Cayman) has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s Equity-to-Asset compare to CHRW and EXPD?
According to the Transportation industry distribution chart, ZTO Express (Cayman) ranks #276 out of 1011 companies for Equity-to-Asset. This puts ZTO Express (Cayman) in the upper half of its industry. The industry median Equity-to-Asset is 0.50. ZTO Express (Cayman)'s value of 0.64 is 28% above this benchmark. Historically, ZTO Express (Cayman)'s own Equity-to-Asset has ranged from 0.64 to 0.89 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 0.50, ZTO Express (Cayman) 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 Transportation company?
The median Equity-to-Asset among Transportation companies is 0.50, based on 1,011 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. ZTO Express (Cayman)'s current Equity-to-Asset of 0.64 is 28% 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 ZTO Express (Cayman) and its competitors. For the Transportation 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. ZTO Express (Cayman)'s current Equity-to-Asset is 0.64, which is 17% below median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTO Express (Cayman) stock overvalued right now?
Based on GuruFocus' analysis, ZTO Express (Cayman) (ZTO) is currently considered Modestly Undervalued. The stock's GF Value™ is $30.39, compared to a current price of $23.60 — trading 22.3% below its estimated fair value. The current Equity-to-Asset is 0.64, which is 17% below median its 10-year median of 0.77 and 28% above the Transportation industry median of 0.50. ZTO Express (Cayman)'s overall GF Score™ is 96/100 with 3 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 ZTO Express (Cayman) (ZTO), the current Equity-to-Asset is 0.64 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 ZTO Express (Cayman) (ZTO) Overvalued in 2026?
Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued.
The current stock price of $23.60 is trading 22.3% below its estimated GF Value™ of $30.39.
GuruFocus considers ZTO Express (Cayman) to be Modestly Undervalued.
Key valuation signals for ZTO:
Equity-to-Asset: 0.64 (17% below median its 10-year median of 0.77)
GF Value™: $30.39 vs. price of $23.60 (22.3% below fair value)
Industry Position: 28% above the Transportation median (#276 of 1011)
No single metric tells the full story. See the ZTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 19.4% in 2024. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 78% voting rights as of March 31, 2025. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 8.9% interest.
96GF Score
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