GDS Holdings Limited (G40) - Net Assets

Latest as of June 2026: €33.24 Billion EUR ≈ $38.87 Billion USD

Based on the latest financial reports, GDS Holdings Limited (G40) has net assets worth €33.24 Billion EUR (≈ $38.87 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€85.79 Billion ≈ $100.30 Billion USD) and total liabilities (€52.54 Billion ≈ $61.43 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 G40 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets €33.24 Billion
% of Total Assets 38.75%
Annual Growth Rate 28.1%
5-Year Change 7.11%
10-Year Change N/A
Growth Volatility 49.17

GDS Holdings Limited - Net Assets Trend (2016–2025)

This chart illustrates how GDS Holdings Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see GDS Holdings Limited (G40) total market value.

Annual Net Assets for GDS Holdings Limited (2016–2025)

The table below shows the annual net assets of GDS Holdings Limited from 2016 to 2025. Also explore G40 net assets growth trend to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2025-12-31 €27.74 Billion
≈ $32.43 Billion		 +17.19%
2024-12-31 €23.67 Billion
≈ $27.67 Billion		 +17.62%
2023-12-31 €20.12 Billion
≈ $23.53 Billion		 -13.03%
2022-12-31 €23.14 Billion
≈ $27.05 Billion		 -10.65%
2021-12-31 €25.90 Billion
≈ $30.28 Billion		 -2.89%
2020-12-31 €26.67 Billion
≈ $31.18 Billion		 +134.84%
2019-12-31 €11.36 Billion
≈ $13.28 Billion		 +105.64%
2018-12-31 €5.52 Billion
≈ $6.46 Billion		 +23.38%
2017-12-31 €4.48 Billion
≈ $5.23 Billion		 +49.86%
2016-12-31 €2.99 Billion
≈ $3.49 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to GDS 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 decreased by 423606400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Other Components €31.93 Billion 118.98%
Total Equity €26.84 Billion 100.00%

GDS Holdings Limited Competitors by Market Cap

The table below lists competitors of GDS Holdings Limited ranked by their market capitalization.

Company Market Cap
Eagle Materials Inc
NYSE:EXP
 $5.45 Billion
Camtek Ltd
TA:CAMT
 $5.46 Billion
NEXANS ADR EO 1
F:NXS0
 $5.46 Billion
Huali Industrial Group Company Limited
SHE:300979
 $5.46 Billion
Core Scientific, Inc. Common Stock
NASDAQ:CORZ
 $5.45 Billion
TMBThanachart Bank Public Company Limited
F:NVPJ
 $5.45 Billion
Eregli Demir ve Celik Fabrikalari TAS
IS:EREGL
 $5.44 Billion
Rumo S.A
SA:RAIL3
 $5.44 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in GDS Holdings Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 23,538,702,000 to 26,839,675,000, a change of 3,300,973,000 (14.0%).
  • Net income of 949,643,000 contributed positively to equity growth.
  • Dividend payments of 54,124,000 reduced retained earnings.
  • New share issuances of 1,023,697,000 increased equity.
  • Other factors increased equity by 1,381,757,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income €949.64 Million +3.54%
Dividends Paid €54.12 Million -0.2%
Share Issuances €1.02 Billion +3.81%
Other Changes €1.38 Billion +5.15%
Total Change €- 14.02%

Book Value vs Market Value Analysis

This analysis compares GDS 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: 1.58x
  • 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 5.55x to 1.58x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-12-31 €4.75 €26.40 x
2018-12-31 €5.48 €26.40 x
2019-12-31 €9.34 €26.40 x
2020-12-31 €17.84 €26.40 x
2021-12-31 €17.01 €26.40 x
2022-12-31 €15.10 €26.40 x
2023-12-31 €13.09 €26.40 x
2024-12-31 €15.14 €26.40 x
2025-12-31 €16.74 €26.40 x

Capital Efficiency Dashboard

This dashboard shows how efficiently GDS 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): 3.54%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 8.31%
  • • Asset Turnover: 0.14x
  • • Equity Multiplier: 2.98x
  • Recent ROE (3.54%) is above the historical average (-4.52%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2016 -9.26% -26.18% 0.13x 2.75x €-575.06 Million
2017 -7.30% -20.23% 0.12x 2.94x €-774.45 Million
2018 -7.79% -15.41% 0.13x 3.78x €-982.46 Million
2019 -3.89% -10.72% 0.13x 2.77x €-1.58 Billion
2020 -2.50% -11.61% 0.10x 2.15x €-3.33 Billion
2021 -4.67% -15.18% 0.11x 2.82x €-3.73 Billion
2022 -6.34% -15.64% 0.12x 3.25x €-3.76 Billion
2023 -21.50% -43.85% 0.13x 3.73x €-6.29 Billion
2024 14.55% 33.19% 0.14x 3.13x €1.07 Billion
2025 3.54% 8.31% 0.14x 2.98x €-1.73 Billion

Industry Comparison

This section compares GDS Holdings Limited's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

  • Industry: Information Technology Services
  • Average net assets among peers: $496,614,294
  • Average return on equity (ROE) among peers: 9.96%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
GDS Holdings Limited (G40) €33.24 Billion -9.26% 1.58x $5.45 Billion
CLPS INC. DL-0001 (1UK) $57.73 Million 11.81% 0.43x $22.08 Million
Globant SA (2G2) $1.31 Billion 7.36% 0.44x $1.50 Billion
Solutions 30 SE (30L3) $170.01 Million 20.29% 3.22x $64.24 Million
Genpact Limited (35G) $2.39 Billion 21.50% 1.09x $5.38 Billion
NANOSPHERE (3NS) $-188.75K 0.00% 0.00x $1.16 Million
BIT MINING C.A SP.ADR 100 (50C0) $25.13 Million -114.24% 1.89x $13.76 Million
WISE PLC SPONS.ADR/1 (6WS0) $979.90 Million 36.19% 14.45x $9.95 Billion
GS TECHS LTD (DI) (6Y3) $3.87 Million -42.07% 0.73x $1.16 Million
CPT GLOBAL LTD (714) $2.75 Million 123.73% 2.71x $1.80 Million
PASSUS S.A. ZY-1 (71X) $29.02 Million 35.02% 1.92x $43.63 Million

About GDS Holdings Limited

F:G40 Germany Information Technology Services
Market Cap
$6.02 Billion
€5.15 Billion EUR
Market Cap Rank
#3370 Global
#632 in Germany
Share Price
€26.40
Change (1 day)
+1.54%
52-Week Range
€24.60 - €40.60
All Time High
€94.50
Categories
Companies in Germany Information Technology Services Technology AI & Machine Learning
About

GDS Holdings Limited, together with its subsidiaries, engages in the development and operation of data centers in the People's Republic of China. It provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operati… Read more