Pinnacle Investment Management Group Ltd (PNI) - Net Assets
Based on the latest financial reports, Pinnacle Investment Management Group Ltd (PNI) has net assets worth AU$933.86 Million AUD (≈ $660.77 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.07 Billion ≈ $755.35 Million USD) and total liabilities (AU$133.68 Million ≈ $94.59 Million 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 PNI financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$933.86 Million |
| % of Total Assets | 87.48% |
| Annual Growth Rate | -2.53% |
| 5-Year Change | 276.57% |
| 10-Year Change | 1752.28% |
| Growth Volatility | 44.21 |
Pinnacle Investment Management Group Ltd - Net Assets Trend (1996–2025)
This chart illustrates how Pinnacle Investment Management Group Ltd's net assets have evolved over time, based on quarterly financial data. Also explore PNI total asset value for the complete picture of this company's asset base.
Annual Net Assets for Pinnacle Investment Management Group Ltd (1996–2025)
The table below shows the annual net assets of Pinnacle Investment Management Group Ltd from 1996 to 2025. For live valuation and market cap data, see PNI market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$918.42 Million ≈ $649.84 Million |
+101.45% |
| 2024-06-30 | AU$455.89 Million ≈ $322.57 Million |
+7.89% |
| 2023-06-30 | AU$422.57 Million ≈ $299.00 Million |
+5.07% |
| 2022-06-30 | AU$402.18 Million ≈ $284.57 Million |
+64.90% |
| 2021-06-30 | AU$243.89 Million ≈ $172.57 Million |
+29.35% |
| 2020-06-30 | AU$188.55 Million ≈ $133.41 Million |
+6.49% |
| 2019-06-30 | AU$177.05 Million ≈ $125.28 Million |
+80.49% |
| 2018-06-30 | AU$98.10 Million ≈ $69.41 Million |
+29.66% |
| 2017-06-30 | AU$75.66 Million ≈ $53.53 Million |
+52.59% |
| 2016-06-30 | AU$49.58 Million ≈ $35.08 Million |
+11.50% |
| 2015-06-30 | AU$44.47 Million ≈ $31.47 Million |
-18.32% |
| 2014-06-30 | AU$54.45 Million ≈ $38.52 Million |
+13.41% |
| 2013-06-30 | AU$48.01 Million ≈ $33.97 Million |
-1.14% |
| 2012-06-30 | AU$48.56 Million ≈ $34.36 Million |
-13.73% |
| 2011-06-30 | AU$56.29 Million ≈ $39.83 Million |
-11.44% |
| 2010-06-30 | AU$63.56 Million ≈ $44.97 Million |
-7.10% |
| 2009-06-30 | AU$68.42 Million ≈ $48.41 Million |
+4.75% |
| 2008-06-30 | AU$65.32 Million ≈ $46.22 Million |
+10.34% |
| 2007-06-30 | AU$59.20 Million ≈ $41.89 Million |
+102.76% |
| 2006-06-30 | AU$29.20 Million ≈ $20.66 Million |
+103.30% |
| 2005-06-30 | AU$14.36 Million ≈ $10.16 Million |
+6.62% |
| 2004-06-30 | AU$13.47 Million ≈ $9.53 Million |
-99.31% |
| 1999-06-30 | AU$1.94 Billion ≈ $1.37 Billion |
-11.42% |
| 1998-06-30 | AU$2.19 Billion ≈ $1.55 Billion |
+9.10% |
| 1997-06-30 | AU$2.01 Billion ≈ $1.42 Billion |
+4.01% |
| 1996-06-30 | AU$1.93 Billion ≈ $1.37 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Pinnacle Investment Management Group 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 decreased by 87.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$71.08 Million | 7.74% |
| Common Stock | AU$952.57 Million | 103.72% |
| Other Comprehensive Income | AU$-35.73 Million | -3.89% |
| Total Equity | AU$918.42 Million | 100.00% |
Pinnacle Investment Management Group Ltd Competitors by Market Cap
The table below lists competitors of Pinnacle Investment Management Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Meitu Inc
F:M5U
|
$2.40 Billion |
|
Macrolink Real Estate Co Ltd
SHE:000620
|
$2.41 Billion |
|
Figs Inc
NYSE:FIGS
|
$2.41 Billion |
|
GavYam Lands Corp Ltd
TA:GVYM
|
$2.41 Billion |
|
Ningxia Jiaze Renewables Corp
SHG:601619
|
$2.40 Billion |
|
Southchip Semiconductor Technology (Shanghai) Co. Ltd. A
SHG:688484
|
$2.40 Billion |
|
Pertamina Geothermal Energy
JK:PGEO
|
$2.40 Billion |
|
COUNTRY GARDEN SVDL-0001
F:75H
|
$2.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pinnacle Investment Management Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 455,894,000 to 918,417,000, a change of 462,523,000 (101.5%).
- Net income of 134,427,000 contributed positively to equity growth.
- Dividend payments of 125,475,000 reduced retained earnings.
- Share repurchases of 441,766,000 reduced equity.
- New share issuances of 441,766,000 increased equity.
- Other comprehensive income increased equity by 4,169,000.
- Other factors increased equity by 449,402,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$134.43 Million | +14.64% |
| Dividends Paid | AU$125.47 Million | -13.66% |
| Share Repurchases | AU$441.77 Million | -48.1% |
| Share Issuances | AU$441.77 Million | +48.1% |
| Other Comprehensive Income | AU$4.17 Million | +0.45% |
| Other Changes | AU$449.40 Million | +48.93% |
| Total Change | AU$- | 101.45% |
Book Value vs Market Value Analysis
This analysis compares Pinnacle Investment Management Group 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: 3.49x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 55.13x to 3.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-06-30 | AU$0.27 | AU$14.88 | x |
| 2007-06-30 | AU$0.68 | AU$14.88 | x |
| 2008-06-30 | AU$0.65 | AU$14.88 | x |
| 2009-06-30 | AU$0.68 | AU$14.88 | x |
| 2010-06-30 | AU$0.62 | AU$14.88 | x |
| 2011-06-30 | AU$0.54 | AU$14.88 | x |
| 2012-06-30 | AU$0.46 | AU$14.88 | x |
| 2013-06-30 | AU$0.45 | AU$14.88 | x |
| 2014-06-30 | AU$0.49 | AU$14.88 | x |
| 2015-06-30 | AU$0.38 | AU$14.88 | x |
| 2016-06-30 | AU$0.39 | AU$14.88 | x |
| 2017-06-30 | AU$0.48 | AU$14.88 | x |
| 2018-06-30 | AU$0.56 | AU$14.88 | x |
| 2019-06-30 | AU$0.99 | AU$14.88 | x |
| 2020-06-30 | AU$1.05 | AU$14.88 | x |
| 2021-06-30 | AU$1.33 | AU$14.88 | x |
| 2022-06-30 | AU$2.08 | AU$14.88 | x |
| 2023-06-30 | AU$2.15 | AU$14.88 | x |
| 2024-06-30 | AU$2.30 | AU$14.88 | x |
| 2025-06-30 | AU$4.26 | AU$14.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pinnacle Investment Management Group 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): 14.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 177.19%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.16x
- Recent ROE (14.64%) is below the historical average (15.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 13.69% | 8.52% | 0.84x | 1.92x | AU$69.56 Million |
| 1997 | 10.91% | 6.84% | 0.85x | 1.87x | AU$18.02 Million |
| 1998 | 8.55% | 5.16% | 1.04x | 1.59x | AU$-31.30 Million |
| 1999 | 12.00% | 5.97% | 1.02x | 1.96x | AU$38.10 Million |
| 2004 | 45.45% | 11.05% | 0.73x | 5.65x | AU$4.77 Million |
| 2005 | 92.29% | 16.15% | 0.92x | 6.23x | AU$11.82 Million |
| 2006 | 38.99% | 11.85% | 0.78x | 4.21x | AU$8.14 Million |
| 2007 | 31.49% | 21.14% | 0.35x | 4.31x | AU$11.55 Million |
| 2008 | 18.69% | 15.31% | 0.41x | 2.99x | AU$5.59 Million |
| 2009 | 3.22% | 3.36% | 0.06x | 14.90x | AU$-4.60 Million |
| 2010 | -12.01% | -10.32% | 0.09x | 12.69x | AU$-13.85 Million |
| 2011 | -9.55% | -7.76% | 0.18x | 6.79x | AU$-10.89 Million |
| 2012 | -15.88% | -15.78% | 0.41x | 2.43x | AU$-12.39 Million |
| 2013 | -3.50% | -3.55% | 0.63x | 1.56x | AU$-6.31 Million |
| 2014 | 9.24% | 11.04% | 0.57x | 1.47x | AU$-392.10K |
| 2015 | -22.03% | -358.83% | 0.04x | 1.57x | AU$-13.03 Million |
| 2016 | 10.52% | 147.50% | 0.05x | 1.35x | AU$223.90K |
| 2017 | 17.31% | 119.33% | 0.13x | 1.08x | AU$5.53 Million |
| 2018 | 23.93% | 141.92% | 0.16x | 1.07x | AU$13.67 Million |
| 2019 | 17.25% | 144.62% | 0.11x | 1.05x | AU$12.84 Million |
| 2020 | 17.08% | 152.53% | 0.09x | 1.28x | AU$13.35 Million |
| 2021 | 27.48% | 206.71% | 0.09x | 1.50x | AU$42.63 Million |
| 2022 | 18.99% | 181.29% | 0.08x | 1.33x | AU$36.15 Million |
| 2023 | 18.10% | 141.07% | 0.10x | 1.31x | AU$34.21 Million |
| 2024 | 19.82% | 189.97% | 0.08x | 1.28x | AU$44.76 Million |
| 2025 | 14.64% | 177.19% | 0.07x | 1.16x | AU$42.59 Million |
Industry Comparison
This section compares Pinnacle Investment Management Group Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,092,451,939
- Average return on equity (ROE) among peers: -10.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pinnacle Investment Management Group Ltd (PNI) | AU$933.86 Million | 13.69% | 0.14x | $2.40 Billion |
| Acorn Capital Investment Fund Ltd (ACQ) | $100.23 Million | -16.95% | 0.04x | $57.22 Million |
| Australian Ethical Investment Ltd (AEF) | $6.71 Million | 6.00% | 0.29x | $314.92 Million |
| Australian Foundation Investment Company Ltd (AFI) | $4.25 Billion | 9.78% | 0.20x | $5.89 Billion |
| Alternative Investment Trust (AIQ) | $27.34 Million | 10.56% | 0.00x | $33.32 Million |
| Argo Global Listed Infrastructure Ltd (ALI) | $351.16 Million | 5.35% | 0.03x | $298.12 Million |
| Amcil Ltd (AMH) | $156.07 Million | 5.36% | 0.05x | $206.63 Million |
| Associate Global Partners Ltd (APL) | $259.00K | -115.75% | 0.21x | $11.51 Million |
| Ariadne Australia Ltd (ARA) | $27.93 Million | 3.72% | 1.49x | $66.00 Million |
| ARC Funds Ltd (ARC) | $3.82 Million | -18.78% | 0.01x | $3.65 Million |
| Argo Investments Ltd (ARG) | $6.00 Billion | 4.53% | 0.15x | $4.70 Billion |
About Pinnacle Investment Management Group Ltd
Pinnacle Investment Management Group Limited operates as an investment management company in Australia. The company offers third party distribution, and fund infrastructure and support services to its affiliates and various investment managers. It also operates as a corporate trustee and responsible entity for retail and wholesale investment trusts. The company was formerly known as Wilson Group … Read more