Advanced Info Service Public Company Limited (ADVANC) - Net Assets

Latest as of December 2025: ฿107.28 Billion THB ≈ $3.34 Billion USD

Based on the latest financial reports, Advanced Info Service Public Company Limited (ADVANC) has net assets worth ฿107.28 Billion THB (≈ $3.34 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿420.27 Billion ≈ $13.10 Billion USD) and total liabilities (฿312.99 Billion ≈ $9.76 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 ADVANC goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿107.28 Billion
% of Total Assets	25.53%
Annual Growth Rate	5.5%
5-Year Change	31.11%
10-Year Change	151.19%
Growth Volatility	38.89

Advanced Info Service Public Company Limited - Net Assets Trend (2000–2025)

This chart illustrates how Advanced Info Service Public Company Limited's net assets have evolved over time, based on quarterly financial data. See how many days can Advanced Info Service Public Company Lim fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Advanced Info Service Public Company Limited (2000–2025)

The table below shows the annual net assets of Advanced Info Service Public Company Limited from 2000 to 2025. For live valuation and market cap data, see market value of Advanced Info Service Public Company Lim.

Year	Net Assets	Change
2025-12-31	฿107.28 Billion ≈ $3.34 Billion	+10.23%
2024-12-31	฿97.32 Billion ≈ $3.03 Billion	+7.33%
2023-12-31	฿90.68 Billion ≈ $2.83 Billion	+5.67%
2022-12-31	฿85.82 Billion ≈ $2.67 Billion	+4.88%
2021-12-31	฿81.82 Billion ≈ $2.55 Billion	+8.11%
2020-12-31	฿75.69 Billion ≈ $2.36 Billion	+9.07%
2019-12-31	฿69.39 Billion ≈ $2.16 Billion	+20.33%
2018-12-31	฿57.67 Billion ≈ $1.80 Billion	+14.36%
2017-12-31	฿50.43 Billion ≈ $1.57 Billion	+18.07%
2016-12-31	฿42.71 Billion ≈ $1.33 Billion	-11.93%
2015-12-31	฿48.49 Billion ≈ $1.51 Billion	+3.47%
2014-12-31	฿46.86 Billion ≈ $1.46 Billion	+2.12%
2013-12-31	฿45.89 Billion ≈ $1.43 Billion	+5.40%
2012-12-31	฿43.54 Billion ≈ $1.36 Billion	+10.33%
2011-12-31	฿39.46 Billion ≈ $1.23 Billion	-4.86%
2010-12-31	฿41.48 Billion ≈ $1.29 Billion	-42.24%
2009-12-31	฿71.81 Billion ≈ $2.24 Billion	-2.21%
2008-12-31	฿73.44 Billion ≈ $2.29 Billion	-2.70%
2007-12-31	฿75.47 Billion ≈ $2.35 Billion	-3.56%
2006-12-31	฿78.26 Billion ≈ $2.44 Billion	+10.10%
2005-12-31	฿71.08 Billion ≈ $2.22 Billion	+4.40%
2004-12-31	฿68.09 Billion ≈ $2.12 Billion	+14.16%
2003-12-31	฿59.64 Billion ≈ $1.86 Billion	+16.35%
2002-12-31	฿51.26 Billion ≈ $1.60 Billion	-36.45%
2001-12-31	฿80.66 Billion ≈ $2.51 Billion	+186.80%
2000-12-31	฿28.12 Billion ≈ $876.63 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Advanced Info Service Public Company Limited'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 461.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	฿81.68 Billion	76.21%
Other Components	฿25.49 Billion	23.79%
Total Equity	฿107.18 Billion	100.00%

Advanced Info Service Public Company Limited Competitors by Market Cap

The table below lists competitors of Advanced Info Service Public Company Limited ranked by their market capitalization.

Company	Market Cap
Las Vegas Sands Corp NYSE:LVS	$33.75 Billion
KERING.UNSP.ADR 1/10 EO 4 F:PPXB	$33.83 Billion
Kinross Gold Corp TO:K	$33.86 Billion
Naspers Limited F:NNWN	$33.87 Billion
Lonza Group AG SW:LONN	$33.73 Billion
Guotai Junan Securities Co Ltd SHG:601211	$33.73 Billion
Gold Fields Limited F:EDG	$33.67 Billion
Carnival Corporation NYSE:CCL	$33.66 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Advanced Info Service Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 97,222,422,577 to 107,175,525,592, a change of 9,953,103,015 (10.2%).
Net income of 47,885,901,716 contributed positively to equity growth.
Dividend payments of 37,562,765,595 reduced retained earnings.
Other comprehensive income decreased equity by 500,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	฿47.89 Billion	+44.68%
Dividends Paid	฿37.56 Billion	-35.05%
Other Comprehensive Income	฿-500.00 Million	-0.47%
Other Changes	฿129.97 Million	+0.12%
Total Change	฿-	10.24%

Book Value vs Market Value Analysis

This analysis compares Advanced Info Service Public Company Limited'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: 10.10x
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 24.76x to 10.10x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	฿14.70	฿364.00	x
2002-12-31	฿17.37	฿364.00	x
2003-12-31	฿20.19	฿364.00	x
2004-12-31	฿22.85	฿364.00	x
2005-12-31	฿23.81	฿364.00	x
2006-12-31	฿26.28	฿364.00	x
2007-12-31	฿25.32	฿364.00	x
2008-12-31	฿24.63	฿364.00	x
2009-12-31	฿24.17	฿364.00	x
2010-12-31	฿13.88	฿364.00	x
2011-12-31	฿13.21	฿364.00	x
2012-12-31	฿14.58	฿364.00	x
2013-12-31	฿15.39	฿364.00	x
2014-12-31	฿15.72	฿364.00	x
2015-12-31	฿16.27	฿364.00	x
2016-12-31	฿14.32	฿364.00	x
2017-12-31	฿16.93	฿364.00	x
2018-12-31	฿19.35	฿364.00	x
2019-12-31	฿23.30	฿364.00	x
2020-12-31	฿25.41	฿364.00	x
2021-12-31	฿27.47	฿364.00	x
2022-12-31	฿28.81	฿364.00	x
2023-12-31	฿30.46	฿364.00	x
2024-12-31	฿32.69	฿364.00	x
2025-12-31	฿36.03	฿364.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Advanced Info Service Public Company Limited 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): 44.68%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 21.16%
• Asset Turnover: 0.54x
• Equity Multiplier: 3.92x
Recent ROE (44.68%) is above the historical average (42.23%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	23.60%	17.85%	0.62x	2.12x	฿3.80 Billion
2001	9.45%	6.35%	0.53x	2.79x	฿-224.75 Million
2002	22.43%	14.05%	0.65x	2.47x	฿6.33 Billion
2003	31.26%	20.70%	0.72x	2.11x	฿12.60 Billion
2004	30.08%	21.01%	0.80x	1.80x	฿13.52 Billion
2005	26.93%	20.44%	0.78x	1.70x	฿11.89 Billion
2006	20.95%	17.78%	0.68x	1.73x	฿8.50 Billion
2007	21.75%	15.02%	0.84x	1.72x	฿8.80 Billion
2008	22.58%	14.86%	0.87x	1.76x	฿9.17 Billion
2009	23.82%	16.65%	0.82x	1.75x	฿9.89 Billion
2010	49.90%	18.46%	1.14x	2.37x	฿16.43 Billion
2011	56.60%	17.57%	1.46x	2.21x	฿18.29 Billion
2012	80.46%	24.64%	1.40x	2.33x	฿30.55 Billion
2013	79.29%	25.41%	1.27x	2.45x	฿31.70 Billion
2014	77.08%	24.13%	1.18x	2.70x	฿31.36 Billion
2015	80.93%	25.21%	0.85x	3.76x	฿34.31 Billion
2016	72.04%	20.16%	0.55x	6.48x	฿26.41 Billion
2017	59.77%	19.07%	0.56x	5.65x	฿25.05 Billion
2018	51.60%	17.47%	0.58x	5.05x	฿23.93 Billion
2019	45.03%	17.24%	0.62x	4.18x	฿24.26 Billion
2020	36.31%	15.87%	0.49x	4.63x	฿19.88 Billion
2021	32.95%	14.85%	0.51x	4.36x	฿18.75 Billion
2022	30.36%	14.02%	0.55x	3.93x	฿17.44 Billion
2023	32.11%	15.40%	0.42x	5.02x	฿20.03 Billion
2024	36.08%	16.42%	0.50x	4.44x	฿25.35 Billion
2025	44.68%	21.16%	0.54x	3.92x	฿37.17 Billion

Industry Comparison

This section compares Advanced Info Service Public Company Limited's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

Industry: Telecom Services
Average net assets among peers: $3,324,688,002
Average return on equity (ROE) among peers: -1.43%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Advanced Info Service Public Company Limited (ADVANC)	฿107.28 Billion	23.60%	2.92x	$33.74 Billion
Forth Smart Service Public Company Limited (FSMART)	$1.02 Billion	26.71%	1.20x	$176.06 Million
Information and Communication Networks Public Company Limited (ICN)	$137.99 Million	3.96%	2.18x	$44.41 Million
Interlink Telecom Public Company Limited (ITEL)	$288.21 Million	-4.45%	1.57x	$87.38 Million
Jasmine International Public Company Limited (JAS)	$6.66 Billion	3.06%	1.39x	$284.30 Million
Jasmine International Public Company Limited (JAS-R)	$4.96 Billion	-63.07%	19.13x	$413.53 Million
Jasmine Telecom Systems Public Company Limited (JTS)	$1.25 Billion	-14.26%	1.16x	$849.38 Million
Samart Telcoms Public Company Limited (SAMTEL)	$3.68 Billion	9.55%	1.43x	$67.42 Million
Symphony Communication Public Company Limited (SYMC)	$1.29 Billion	14.07%	1.40x	$70.29 Million
True Corporation Public Company Limited (TRUE)	$10.64 Billion	11.53%	9.94x	$15.08 Billion

About Advanced Info Service Public Company Limited

BK:ADVANC Thailand Telecom Services

Market Cap

$33.74 Billion

฿1.08 Trillion THB

Market Cap Rank

#810 Global

#2 in Thailand

Share Price

฿364.00

Change (1 day)

+3.12%

52-Week Range

฿269.00 - ฿404.00

All Time High

฿404.00