National Australia Bank Ltd (NAB) - Net Assets

Latest as of September 2025: AU$63.65 Billion AUD

Based on the latest financial reports, National Australia Bank Ltd (NAB) has net assets worth AU$63.65 Billion AUD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.11 Trillion) and total liabilities (AU$1.05 Trillion). 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.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$63.65 Billion
% of Total Assets	5.74%
Annual Growth Rate	6.77%
5-Year Change	1.38%
10-Year Change	24.03%
Growth Volatility	54.07

National Australia Bank Ltd - Net Assets Trend (1989–2025)

This chart illustrates how National Australia Bank Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for National Australia Bank Ltd (1989–2025)

The table below shows the annual net assets of National Australia Bank Ltd from 1989 to 2025.

Year	Net Assets	Change
2025-09-30	AU$63.65 Billion	+2.30%
2024-09-30	AU$62.21 Billion	+1.15%
2023-09-30	AU$61.50 Billion	+4.19%
2022-09-30	AU$59.03 Billion	-5.97%
2021-09-30	AU$62.78 Billion	+2.42%
2020-09-30	AU$61.29 Billion	+10.23%
2019-09-30	AU$55.60 Billion	+5.49%
2018-09-30	AU$52.71 Billion	+2.72%
2017-09-30	AU$51.32 Billion	+0.00%
2016-09-30	AU$51.31 Billion	-7.56%
2015-09-30	AU$55.51 Billion	+15.87%
2014-09-30	AU$47.91 Billion	+3.30%
2013-09-30	AU$46.38 Billion	+2.16%
2012-09-30	AU$45.40 Billion	+7.61%
2011-09-30	AU$42.19 Billion	+8.30%
2010-09-30	AU$38.95 Billion	+2.96%
2009-09-30	AU$37.84 Billion	+15.19%
2008-09-30	AU$32.85 Billion	+9.91%
2007-09-30	AU$29.89 Billion	+6.84%
2006-09-30	AU$27.97 Billion	-18.40%
2005-09-30	AU$34.28 Billion	+15.16%
2004-09-30	AU$29.77 Billion	+9.39%
2003-09-30	AU$27.21 Billion	+17.03%
2002-09-30	AU$23.25 Billion	-1.30%
2001-09-30	AU$23.56 Billion	-69.75%
2000-09-30	AU$77.88 Billion	+320.53%
1999-09-30	AU$18.52 Billion	+17.48%
1998-09-30	AU$15.76 Billion	+25.30%
1997-09-30	AU$12.58 Billion	+0.50%
1996-09-30	AU$12.52 Billion	+9.63%
1995-09-30	AU$11.42 Billion	+15.51%
1994-09-30	AU$9.89 Billion	+9.39%
1993-09-30	AU$9.04 Billion	+12.88%
1992-09-30	AU$8.01 Billion	-0.22%
1991-09-30	AU$8.02 Billion	+22.08%
1990-09-30	AU$6.57 Billion	+9.14%
1989-09-30	AU$6.02 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to National Australia Bank Ltd'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 2486.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component	Amount	Percentage
Retained Earnings	AU$26.82 Billion	42.62%
Common Stock	AU$36.12 Billion	57.41%
Other Comprehensive Income	AU$-21.00 Million	-0.03%
Total Equity	AU$62.92 Billion	100.00%

National Australia Bank Ltd Competitors by Market Cap

The table below lists competitors of National Australia Bank Ltd ranked by their market capitalization.

Company	Market Cap
Boston Scientific Corp NYSE:BSX	$94.05 Billion
Bank of Montreal NYSE:BMO	$95.04 Billion
China Yangtze Power Co Ltd SHG:600900	$95.06 Billion
MediaTek Inc TW:2454	$95.29 Billion
Adobe Systems Incorporated NASDAQ:ADBE	$93.73 Billion
Equinor ASA OL:EQNR	$93.67 Billion
Compagnie Financière Richemont SA SW:CFR	$93.28 Billion
ESSILORLUXOTTICA 1/2/O.N. F:ESLC	$93.24 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in National Australia Bank Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 61,455,000,000 to 62,922,000,000, a change of 1,467,000,000 (2.4%).
Net income of 6,759,000,000 contributed positively to equity growth.
Dividend payments of 4,828,000,000 reduced retained earnings.
Share repurchases of 616,000,000 reduced equity.
Other comprehensive income increased equity by 341,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$6.76 Billion	+10.74%
Dividends Paid	AU$4.83 Billion	-7.67%
Share Repurchases	AU$616.00 Million	-0.98%
Other Comprehensive Income	AU$341.00 Million	+0.54%
Other Changes	AU$-189.00 Million	-0.3%
Total Change	AU$-	2.39%

Book Value vs Market Value Analysis

This analysis compares National Australia Bank Ltd'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: 2.16x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 5.96x to 2.16x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1989-09-30	AU$7.28	AU$43.41	x
1990-09-30	AU$7.29	AU$43.41	x
1991-09-30	AU$7.41	AU$43.41	x
1992-09-30	AU$6.25	AU$43.41	x
1993-09-30	AU$6.71	AU$43.41	x
1994-09-30	AU$7.23	AU$43.41	x
1995-09-30	AU$8.04	AU$43.41	x
1996-09-30	AU$8.50	AU$43.41	x
1997-09-30	AU$8.46	AU$43.41	x
1998-09-30	AU$10.64	AU$43.41	x
1999-09-30	AU$11.75	AU$43.41	x
2000-09-30	AU$13.57	AU$43.41	x
2001-09-30	AU$15.05	AU$43.41	x
2002-09-30	AU$14.53	AU$43.41	x
2003-09-30	AU$7.72	AU$43.41	x
2004-09-30	AU$8.20	AU$43.41	x
2005-09-30	AU$8.88	AU$43.41	x
2006-09-30	AU$8.57	AU$43.41	x
2007-09-30	AU$18.22	AU$43.41	x
2008-09-30	AU$19.96	AU$43.41	x
2009-09-30	AU$19.71	AU$43.41	x
2010-09-30	AU$18.09	AU$43.41	x
2011-09-30	AU$19.07	AU$43.41	x
2012-09-30	AU$19.89	AU$43.41	x
2013-09-30	AU$19.74	AU$43.41	x
2014-09-30	AU$19.73	AU$43.41	x
2015-09-30	AU$21.52	AU$43.41	x
2016-09-30	AU$18.36	AU$43.41	x
2017-09-30	AU$17.86	AU$43.41	x
2018-09-30	AU$17.93	AU$43.41	x
2019-09-30	AU$18.38	AU$43.41	x
2020-09-30	AU$18.39	AU$43.41	x
2021-09-30	AU$17.73	AU$43.41	x
2022-09-30	AU$17.04	AU$43.41	x
2023-09-30	AU$17.97	AU$43.41	x
2024-09-30	AU$18.66	AU$43.41	x
2025-09-30	AU$20.09	AU$43.41	x

Capital Efficiency Dashboard

This dashboard shows how efficiently National Australia Bank Ltd 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): 10.74%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 11.22%
• Asset Turnover: 0.05x
• Equity Multiplier: 17.63x
Recent ROE (10.74%) is below the historical average (11.95%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1989	13.06%	8.49%	0.16x	9.85x	AU$183.55 Million
1990	11.72%	6.15%	0.17x	11.34x	AU$112.50 Million
1991	8.98%	6.11%	0.16x	9.44x	AU$-81.71 Million
1992	8.43%	6.62%	0.12x	10.51x	AU$-125.28 Million
1993	12.81%	10.79%	0.11x	10.87x	AU$247.40 Million
1994	17.34%	16.68%	0.10x	10.33x	AU$722.80 Million
1995	17.30%	15.61%	0.11x	10.32x	AU$830.90 Million
1996	16.79%	14.07%	0.09x	13.88x	AU$850.10 Million
1997	17.67%	13.75%	0.08x	16.06x	AU$965.10 Million
1998	12.78%	10.39%	0.08x	15.97x	AU$437.90 Million
1999	15.23%	14.37%	0.08x	13.72x	AU$969.00 Million
2000	15.16%	13.47%	0.07x	16.09x	AU$1.10 Billion
2001	8.87%	7.98%	0.07x	15.95x	AU$-265.90 Million
2002	14.55%	14.50%	0.06x	16.28x	AU$1.05 Billion
2003	16.20%	18.10%	0.05x	16.29x	AU$1.51 Billion
2004	12.27%	13.34%	0.06x	15.88x	AU$587.00 Million
2005	14.23%	11.33%	0.08x	14.96x	AU$1.19 Billion
2006	15.80%	11.58%	0.08x	17.44x	AU$1.61 Billion
2007	15.48%	10.23%	0.08x	19.09x	AU$1.62 Billion
2008	13.83%	10.54%	0.07x	20.03x	AU$1.26 Billion
2009	6.85%	6.97%	0.06x	17.30x	AU$-1.19 Billion
2010	10.85%	11.38%	0.05x	17.62x	AU$330.00 Million
2011	12.38%	13.41%	0.05x	17.88x	AU$1.00 Billion
2012	9.33%	8.65%	0.06x	17.44x	AU$-293.60 Million
2013	11.56%	10.96%	0.06x	17.49x	AU$723.30 Million
2014	11.06%	11.91%	0.05x	18.44x	AU$505.90 Million
2015	11.42%	16.26%	0.04x	17.21x	AU$788.60 Million
2016	0.69%	0.97%	0.05x	15.14x	AU$-4.78 Billion
2017	10.30%	16.71%	0.04x	15.37x	AU$154.40 Million
2018	10.54%	16.57%	0.04x	15.30x	AU$283.90 Million
2019	8.63%	14.48%	0.04x	15.24x	AU$-761.60 Million
2020	4.18%	9.72%	0.03x	14.14x	AU$-3.57 Billion
2021	10.14%	30.42%	0.02x	14.75x	AU$86.10 Million
2022	11.67%	26.64%	0.02x	17.88x	AU$987.80 Million
2023	12.12%	14.29%	0.05x	17.32x	AU$1.30 Billion
2024	11.33%	11.20%	0.06x	17.58x	AU$814.50 Million
2025	10.74%	11.22%	0.05x	17.63x	AU$466.80 Million

Industry Comparison

This section compares National Australia Bank Ltd's net assets metrics with peer companies in the Banks - Diversified industry.

Industry Context

Industry: Banks - Diversified
Average net assets among peers: $25,179,000,000
Average return on equity (ROE) among peers: 12.85%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
National Australia Bank Ltd (NAB)	AU$63.65 Billion	13.06%	16.43x	$93.85 Billion
ANZ Group Holdings Ltd (ANZ)	$13.79 Billion	16.29%	13.19x	$79.66 Billion
Westpac Banking Corporation (WBC)	$36.57 Billion	9.41%	15.12x	$96.69 Billion

About National Australia Bank Ltd

AU:NAB Australia Banks - Diversified

Market Cap

$93.85 Billion

AU$132.64 Billion AUD

Market Cap Rank

#228 Global

#3 in Australia

Share Price

AU$43.41

Change (1 day)

-2.49%

52-Week Range

AU$33.83 - AU$49.10

All Time High

AU$49.10