Adecco Group AG (ADIA) - Net Assets
Based on the latest financial reports, Adecco Group AG (ADIA) has net assets worth €3.40 Billion EUR (≈ $3.97 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 (€11.76 Billion ≈ $13.74 Billion USD) and total liabilities (€8.36 Billion ≈ $9.77 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 ADIA asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.40 Billion |
| % of Total Assets | 28.89% |
| Annual Growth Rate | -1.01% |
| 5-Year Change | -10.63% |
| 10-Year Change | N/A |
| Growth Volatility | 9.84 |
Adecco Group AG - Net Assets Trend (2016–2025)
This chart illustrates how Adecco Group AG's net assets have evolved over time, based on quarterly financial data. Also explore Adecco Group AG total assets for the complete picture of this company's asset base.
Annual Net Assets for Adecco Group AG (2016–2025)
The table below shows the annual net assets of Adecco Group AG from 2016 to 2025. For live valuation and market cap data, see Adecco Group AG (ADIA) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €3.40 Billion ≈ $3.97 Billion |
-5.30% |
| 2024-12-31 | €3.59 Billion ≈ $4.19 Billion |
-0.42% |
| 2023-12-31 | €3.60 Billion ≈ $4.21 Billion |
-7.50% |
| 2022-12-31 | €3.89 Billion ≈ $4.55 Billion |
+2.45% |
| 2021-12-31 | €3.80 Billion ≈ $4.44 Billion |
+18.09% |
| 2020-12-31 | €3.22 Billion ≈ $3.76 Billion |
-18.49% |
| 2019-12-31 | €3.95 Billion ≈ $4.62 Billion |
+10.00% |
| 2018-12-31 | €3.59 Billion ≈ $4.20 Billion |
+0.20% |
| 2017-12-31 | €3.58 Billion ≈ $4.19 Billion |
-3.76% |
| 2016-12-31 | €3.72 Billion ≈ $4.35 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Adecco Group AG'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 10.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.39 Billion | 100.06% |
| Total Equity | €3.39 Billion | 100.00% |
Adecco Group AG Competitors by Market Cap
The table below lists competitors of Adecco Group AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Acerinox
MC:ACX
|
$3.28 Billion |
|
NCR Atleos Corporation
NASDAQ:NATL
|
$3.28 Billion |
|
Aspen Pharmacare Holdings Ltd
JSE:APN
|
$3.28 Billion |
|
Turkiye Sise ve Cam Fabrikalari AS
IS:SISE
|
$3.28 Billion |
|
Brookdale Senior Living Inc
NYSE:BKD
|
$3.27 Billion |
|
Nickel Industries Ltd
AU:NIC
|
$3.27 Billion |
|
TELIX Pharmaceuticals Ltd
AU:TLX
|
$3.27 Billion |
|
National Storage Affiliates Trust
NYSE:NSA
|
$3.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adecco Group AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,576,000,000 to 3,386,000,000, a change of -190,000,000 (-5.3%).
- Net income of 294,000,000 contributed positively to equity growth.
- Dividend payments of 176,000,000 reduced retained earnings.
- Other factors decreased equity by 308,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €294.00 Million | +8.68% |
| Dividends Paid | €176.00 Million | -5.2% |
| Other Changes | €-308.00 Million | -9.1% |
| Total Change | €- | -5.31% |
Book Value vs Market Value Analysis
This analysis compares Adecco Group AG'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: 0.46x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €21.55 | €9.30 | x |
| 2018-12-31 | €21.89 | €9.30 | x |
| 2019-12-31 | €24.31 | €9.30 | x |
| 2020-12-31 | €19.68 | €9.30 | x |
| 2021-12-31 | €22.72 | €9.30 | x |
| 2022-12-31 | €23.24 | €9.30 | x |
| 2023-12-31 | €21.34 | €9.30 | x |
| 2024-12-31 | €21.34 | €9.30 | x |
| 2025-12-31 | €20.15 | €9.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adecco Group AG 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): 8.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.27%
- • Asset Turnover: 1.96x
- • Equity Multiplier: 3.47x
- Recent ROE (8.68%) is below the historical average (12.02%), 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 | 19.46% | 3.18% | 2.25x | 2.72x | €351.50 Million |
| 2017 | 22.05% | 3.33% | 2.39x | 2.77x | €430.60 Million |
| 2018 | 12.79% | 1.92% | 2.46x | 2.71x | €99.90 Million |
| 2019 | 18.45% | 3.10% | 2.22x | 2.68x | €333.00 Million |
| 2020 | -3.05% | -0.50% | 2.00x | 3.05x | €-418.90 Million |
| 2021 | 15.46% | 2.80% | 1.77x | 3.13x | €207.00 Million |
| 2022 | 8.81% | 1.45% | 1.78x | 3.42x | €-46.10 Million |
| 2023 | 9.04% | 1.36% | 1.93x | 3.46x | €-34.50 Million |
| 2024 | 8.47% | 1.31% | 1.91x | 3.38x | €-54.60 Million |
| 2025 | 8.68% | 1.27% | 1.96x | 3.47x | €-44.60 Million |
Industry Comparison
This section compares Adecco Group AG's net assets metrics with peer companies in the Staffing & Employment Services industry.
Industry Context
- Industry: Staffing & Employment Services
- Average net assets among peers: $36,354,000
- Average return on equity (ROE) among peers: 33.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adecco Group AG (ADIA) | €3.40 Billion | 19.46% | 2.46x | $3.28 Billion |
| Amadeus Fire AG (AAD) | $36.35 Million | 33.19% | 0.50x | $153.05 Million |
About Adecco Group AG
Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, the Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, career transition and mobility, outsourcing, engineering consulting, digital and IT, talent advisory, coaching, training, up-skilling and re-skilling, and ot… Read more