Aperam SA (APAM) - Net Assets

Latest as of March 2026: €3.25 Billion EUR ≈ $3.80 Billion USD

Based on the latest financial reports, Aperam SA (APAM) has net assets worth €3.25 Billion EUR (≈ $3.80 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€5.26 Billion ≈ $6.15 Billion USD) and total liabilities (€2.01 Billion ≈ $2.35 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Aperam SA tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€3.25 Billion
% of Total Assets	61.82%
Annual Growth Rate	0.22%
5-Year Change	8.7%
10-Year Change	35.85%
Growth Volatility	14.81

Aperam SA - Net Assets Trend (2006–2025)

This chart illustrates how Aperam SA's net assets have evolved over time, based on quarterly financial data. See APAM defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Aperam SA (2006–2025)

The table below shows the annual net assets of Aperam SA from 2006 to 2025. For live valuation and market cap data, see Aperam SA stock valuation.

Year	Net Assets	Change
2025-12-31	€3.21 Billion ≈ $3.75 Billion	-4.63%
2024-12-31	€3.37 Billion ≈ $3.94 Billion	-2.43%
2023-12-31	€3.45 Billion ≈ $4.03 Billion	+1.71%
2022-12-31	€3.39 Billion ≈ $3.97 Billion	+14.87%
2021-12-31	€2.95 Billion ≈ $3.45 Billion	+33.98%
2020-12-31	€2.20 Billion ≈ $2.58 Billion	-8.85%
2019-12-31	€2.42 Billion ≈ $2.83 Billion	-4.01%
2018-12-31	€2.52 Billion ≈ $2.94 Billion	-0.92%
2017-12-31	€2.54 Billion ≈ $2.97 Billion	+7.60%
2016-12-31	€2.36 Billion ≈ $2.76 Billion	+16.26%
2015-12-31	€2.03 Billion ≈ $2.38 Billion	-7.65%
2014-12-31	€2.20 Billion ≈ $2.57 Billion	+2.73%
2013-12-31	€2.14 Billion ≈ $2.50 Billion	-11.19%
2012-12-31	€2.41 Billion ≈ $2.82 Billion	-9.20%
2011-12-31	€2.66 Billion ≈ $3.11 Billion	-3.31%
2010-12-31	€2.75 Billion ≈ $3.21 Billion	+9.68%
2009-12-31	€2.50 Billion ≈ $2.93 Billion	+6.35%
2008-12-31	€2.36 Billion ≈ $2.75 Billion	-37.79%
2007-12-31	€3.79 Billion ≈ $4.43 Billion	+23.03%
2006-12-31	€3.08 Billion ≈ $3.60 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Aperam SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 278300000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€2.78 Billion	87.10%
Common Stock	€383.00 Million	11.99%
Other Components	€29.00 Million	0.91%
Total Equity	€3.19 Billion	100.00%

Aperam SA Competitors by Market Cap

The table below lists competitors of Aperam SA ranked by their market capitalization.

Company	Market Cap
EASYJET PLC SP.ADR NEW/4 F:EJTS	$3.49 Billion
Tsinghuatongfang Co Ltd SHG:600100	$3.49 Billion
CommVault Systems Inc NASDAQ:CVLT	$3.49 Billion
APERAM S.A. NY SHS/1 O.N. F:7AAN	$3.49 Billion
Feilong Auto Components Co Ltd SHE:002536	$3.48 Billion
Western Gold Co Ltd SHG:601069	$3.48 Billion
HC Semitek Corp SHE:300323	$3.48 Billion
Incitec Pivot Ltd AU:IPL	$3.48 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Aperam SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 3,354,000,000 to 3,195,000,000, a change of -159,000,000 (-4.7%).
Net income of 9,000,000 contributed positively to equity growth.
Dividend payments of 144,000,000 reduced retained earnings.
Other comprehensive income increased equity by 783,000,000.
Other factors decreased equity by 807,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€9.00 Million	+0.28%
Dividends Paid	€144.00 Million	-4.51%
Other Comprehensive Income	€783.00 Million	+24.51%
Other Changes	€-807.00 Million	-25.26%
Total Change	€-	-4.74%

Book Value vs Market Value Analysis

This analysis compares Aperam SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.18x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-12-31	€40.43	€51.65	x
2008-12-31	€30.07	€51.65	x
2009-12-31	€32.04	€51.65	x
2010-12-31	€35.15	€51.65	x
2011-12-31	€33.98	€51.65	x
2012-12-31	€30.87	€51.65	x
2013-12-31	€27.40	€51.65	x
2014-12-31	€26.98	€51.65	x
2015-12-31	€23.20	€51.65	x
2016-12-31	€27.10	€51.65	x
2017-12-31	€28.68	€51.65	x
2018-12-31	€28.24	€51.65	x
2019-12-31	€29.64	€51.65	x
2020-12-31	€27.45	€51.65	x
2021-12-31	€37.02	€51.65	x
2022-12-31	€44.89	€51.65	x
2023-12-31	€47.30	€51.65	x
2024-12-31	€46.07	€51.65	x
2025-12-31	€43.73	€51.65	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Aperam SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 0.28%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.15%
• Asset Turnover: 1.17x
• Equity Multiplier: 1.62x
Recent ROE (0.28%) is below the historical average (6.48%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	8.65%	4.32%	0.97x	2.08x	€-42.59 Million
2008	1.81%	0.71%	1.14x	2.25x	€-192.30 Million
2009	-3.35%	-2.83%	0.59x	1.99x	€-333.83 Million
2010	2.88%	1.87%	0.76x	2.01x	€-195.42 Million
2011	-1.75%	-0.95%	1.02x	1.80x	€-311.47 Million
2012	-3.39%	-2.05%	0.89x	1.85x	€-322.57 Million
2013	-3.39%	-1.95%	0.91x	1.91x	€-286.27 Million
2014	3.56%	1.73%	1.05x	1.95x	€-141.61 Million
2015	7.76%	3.65%	1.10x	1.94x	€-45.46 Million
2016	8.63%	5.02%	0.91x	1.88x	€-32.42 Million
2017	11.85%	7.15%	0.96x	1.72x	€47.01 Million
2018	11.37%	6.12%	1.08x	1.72x	€34.50 Million
2019	6.13%	3.49%	1.00x	1.76x	€-93.40 Million
2020	7.95%	4.83%	0.91x	1.80x	€-45.00 Million
2021	32.87%	18.97%	0.86x	2.01x	€673.50 Million
2022	18.46%	7.66%	1.30x	1.85x	€286.50 Million
2023	5.90%	3.08%	1.06x	1.81x	€-141.20 Million
2024	6.89%	3.69%	1.07x	1.74x	€-104.40 Million
2025	0.28%	0.15%	1.17x	1.62x	€-310.50 Million

Industry Comparison

This section compares Aperam SA's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $11,984,000,000
Average return on equity (ROE) among peers: 28.08%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Aperam SA (APAM)	€3.25 Billion	8.65%	0.62x	$3.48 Billion
ArcelorMittal SA (MT)	$11.98 Billion	28.08%	1.59x	$40.19 Billion

About Aperam SA

AS:APAM Netherlands Steel

Market Cap

$4.37 Billion

€3.74 Billion EUR

Market Cap Rank

#4559 Global

#38 in Netherlands

Share Price

€51.65

Change (1 day)

+2.89%

52-Week Range

€25.00 - €53.05

All Time High

€53.05