Noah Holdings Limited Net Assets
Noah Holdings Limited net assets. Based on the latest financial reports, Noah Holdings Limited (6NO) has net assets worth €9.98 Billion EUR (≈ $11.67 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 (€11.74 Billion ≈ $13.73 Billion USD) and total liabilities (€1.76 Billion ≈ $2.06 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. Also explore 6NO net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €9.98 Billion |
| % of Total Assets | 85.03% |
| Annual Growth Rate | 12.75% |
| 5-Year Change | 22.62% |
| 10-Year Change | N/A |
| Growth Volatility | 15.25 |
Net Assets of Noah Holdings Limited (2016–2025)
Net assets of Noah Holdings Limited from 2016 to 2025. This chart illustrates how Noah Holdings Limited's net assets have evolved over time, based on quarterly financial data. See Noah Holdings Limited (6NO) net asset quality to measure how much of total assets are equity-financed.
Annual Net Assets for Noah Holdings Limited (2016–2025)
The table below shows the annual net assets of Noah Holdings Limited from 2016 to 2025. For live market cap and overall valuation, see how much is Noah Holdings Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €9.98 Billion ≈ $11.67 Billion |
-0.30% |
| 2024-12-31 | €10.01 Billion ≈ $11.71 Billion |
-3.98% |
| 2023-12-31 | €10.43 Billion ≈ $12.19 Billion |
+9.76% |
| 2022-12-31 | €9.50 Billion ≈ $11.11 Billion |
+16.69% |
| 2021-12-31 | €8.14 Billion ≈ $9.52 Billion |
+11.88% |
| 2020-12-31 | €7.28 Billion ≈ $8.51 Billion |
-7.59% |
| 2019-12-31 | €7.87 Billion ≈ $9.21 Billion |
+27.52% |
| 2018-12-31 | €6.18 Billion ≈ $7.22 Billion |
+36.99% |
| 2017-12-31 | €4.51 Billion ≈ $5.27 Billion |
+32.92% |
| 2016-12-31 | €3.39 Billion ≈ $3.96 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Noah Holdings 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 159.4% over the analyzed period, indicating profitable operations and earnings retention.
Noah Holdings Limited Net Assets Breakdown (December 2025)
Noah Holdings Limited net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €5.82 Billion | 59.18% |
| Other Components | €4.01 Billion | 40.82% |
| Total Equity | €9.83 Billion | 100.00% |
Noah Holdings Limited Competitors by Market Cap
The table below lists competitors of Noah Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret AS
IS:BRISA
|
$456.16 Million |
|
Invesco California Value Muni Inc Tr
NYSE:VCV
|
$456.28 Million |
|
Oceana
JSE:OCE
|
$456.45 Million |
|
I-Mab
NASDAQ:IMAB
|
$456.45 Million |
|
Great Taipei Gas Corp
TW:9908
|
$456.04 Million |
|
RPG Life Sciences Limited
NSE:RPGLIFE
|
$456.01 Million |
|
Soft-World International
TWO:5478
|
$455.99 Million |
|
Zhejiang Cheng Yi Pharmaceutical Co Ltd
SHG:603811
|
$455.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noah Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,945,848,000 to 9,826,851,000, a change of -118,997,000 (-1.2%).
- Net income of 558,857,000 contributed positively to equity growth.
- Dividend payments of 546,770,000 reduced retained earnings.
- Share repurchases of 52,295,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €558.86 Million | +5.69% |
| Dividends Paid | €546.77 Million | -5.56% |
| Share Repurchases | €52.30 Million | -0.53% |
| Other Changes | €-78.79 Million | -0.8% |
| Total Change | €- | -1.20% |
Book Value vs Market Value Analysis
This analysis compares Noah Holdings 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: 0.20x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.04x to 0.20x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €154.33 | €5.95 | x |
| 2018-12-31 | €194.17 | €5.95 | x |
| 2019-12-31 | €227.71 | €5.95 | x |
| 2020-12-31 | €238.26 | €5.95 | x |
| 2021-12-31 | €270.67 | €5.95 | x |
| 2022-12-31 | €303.51 | €5.95 | x |
| 2023-12-31 | €30.81 | €5.95 | x |
| 2024-12-31 | €30.10 | €5.95 | x |
| 2025-12-31 | €29.48 | €5.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noah Holdings 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): 5.69%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.41%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.19x
- Recent ROE (5.69%) is below the historical average (9.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 19.32% | 25.61% | 0.42x | 1.79x | €310.61 Million |
| 2017 | 17.22% | 26.99% | 0.44x | 1.47x | €320.00 Million |
| 2018 | 13.90% | 24.66% | 0.41x | 1.37x | €227.53 Million |
| 2019 | 11.82% | 24.45% | 0.35x | 1.40x | €127.80 Million |
| 2020 | -10.24% | -22.54% | 0.35x | 1.29x | €-1.47 Billion |
| 2021 | 16.14% | 30.61% | 0.39x | 1.34x | €499.97 Million |
| 2022 | 10.28% | 31.50% | 0.26x | 1.24x | €26.52 Million |
| 2023 | 9.79% | 30.64% | 0.26x | 1.23x | €-21.54 Million |
| 2024 | 4.78% | 18.28% | 0.22x | 1.18x | €-519.14 Million |
| 2025 | 5.69% | 21.41% | 0.22x | 1.19x | €-423.83 Million |
Industry Comparison
This section compares Noah Holdings Limited's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $20,299,686,265
- Average return on equity (ROE) among peers: -4.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noah Holdings Limited (6NO) | €9.98 Billion | 19.32% | 0.18x | $456.14 Million |
| China Cinda Asset Management Co., Ltd. (0CI) | $201.78 Billion | 5.98% | 6.75x | $1.47 Billion |
| Quinsam Capital Corporation (0Q4) | $32.76 Million | -30.76% | 0.05x | $2.01 Million |
| tokentus investment AG (14D) | $13.61 Million | -10.15% | 0.03x | $6.11 Million |
| TEAM PLC (1WQ) | $8.22 Million | -5.41% | 0.94x | $18.21 Million |
| CARLSON INV. ZY 13 (2HB) | $25.54 Million | 8.27% | 0.27x | $4.61 Million |
| JTC PLC LS-01 (2N9) | $533.94 Million | -1.36% | 0.91x | $2.65 Billion |
| Rostra AG (3330) | $577.92K | -45.47% | 0.58x | $19.02 Million |
| HELIOS FAIRFAX PARTNERS (3UD) | $544.31 Million | -9.33% | 0.20x | $99.14 Million |
| ALEXANDRIA PANKKIIRILIIKE (3ZL) | $34.31 Million | 23.48% | 0.31x | $156.79 Million |
| HAMILTON GLB.OPP.LS-0001 (5DS) | $28.12 Million | 20.52% | 0.19x | $24.13 Million |
About Noah Holdings Limited
Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and corporate entities in Mainland of China, Hong Kong, and internationally. It operates through Domestic Public Securities, Domestic Asset Management, Domestic Insurance, Overseas Wealth Managem… Read more