Industrial and Commercial Bank of China Limited (ICK) - Net Assets
Based on the latest financial reports, Industrial and Commercial Bank of China Limited (ICK) has net assets worth €4.36 Trillion EUR (≈ $5.09 Trillion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€55.77 Trillion ≈ $65.20 Trillion USD) and total liabilities (€51.42 Trillion ≈ $60.11 Trillion 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 ICK intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €4.36 Trillion |
| % of Total Assets | 7.81% |
| Annual Growth Rate | 9.74% |
| 5-Year Change | 30.43% |
| 10-Year Change | 115.63% |
| Growth Volatility | 3.42 |
Industrial and Commercial Bank of China Limited - Net Assets Trend (2014–2025)
This chart illustrates how Industrial and Commercial Bank of China Limited's net assets have evolved over time, based on quarterly financial data. See ICK defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Industrial and Commercial Bank of China Limited (2014–2025)
The table below shows the annual net assets of Industrial and Commercial Bank of China Limited from 2014 to 2025. For live valuation and market cap data, see ICK market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €4.27 Trillion ≈ $4.99 Trillion |
+7.14% |
| 2024-12-31 | €3.99 Trillion ≈ $4.66 Trillion |
+5.58% |
| 2023-12-31 | €3.78 Trillion ≈ $4.42 Trillion |
+7.48% |
| 2022-12-31 | €3.51 Trillion ≈ $4.11 Trillion |
+7.28% |
| 2021-12-31 | €3.28 Trillion ≈ $3.83 Trillion |
+12.57% |
| 2020-12-31 | €2.91 Trillion ≈ $3.40 Trillion |
+8.08% |
| 2019-12-31 | €2.69 Trillion ≈ $3.15 Trillion |
+14.80% |
| 2018-12-31 | €2.34 Trillion ≈ $2.74 Trillion |
+9.52% |
| 2017-12-31 | €2.14 Trillion ≈ $2.50 Trillion |
+8.07% |
| 2016-12-31 | €1.98 Trillion ≈ $2.32 Trillion |
+10.03% |
| 2015-12-31 | €1.80 Trillion ≈ $2.10 Trillion |
+17.12% |
| 2014-12-31 | €1.54 Trillion ≈ $1.80 Trillion |
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Equity Component Analysis
This analysis shows how different components contribute to Industrial and Commercial Bank of China 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 159.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.18 Trillion | 51.37% |
| Other Components | €2.06 Trillion | 48.63% |
| Total Equity | €4.24 Trillion | 100.00% |
Industrial and Commercial Bank of China Limited Competitors by Market Cap
The table below lists competitors of Industrial and Commercial Bank of China Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Brookfield Asset Management Ltd.
NYSE:BAM
|
$74.44 Billion |
|
Eni SpA ADR
NYSE:E
|
$74.54 Billion |
|
Luxshare Precision Industry Co Ltd
SHE:002475
|
$74.56 Billion |
|
ANZ Group Holdings Ltd
AU:ANZ
|
$74.87 Billion |
|
Northrop Grumman Corporation
NYSE:NOC
|
$74.07 Billion |
|
Intuit Inc
NASDAQ:INTU
|
$73.84 Billion |
|
Datadog Inc
NASDAQ:DDOG
|
$73.77 Billion |
|
Cigna Corp
NYSE:CI
|
$73.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Industrial and Commercial Bank of China Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,969,841,000,000 to 4,244,259,000,000, a change of 274,418,000,000 (6.9%).
- Net income of 368,562,000,000 contributed positively to equity growth.
- Dividend payments of 202,740,000,000 reduced retained earnings.
- Other factors increased equity by 108,596,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €368.56 Billion | +8.68% |
| Dividends Paid | €202.74 Billion | -4.78% |
| Other Changes | €108.60 Billion | +2.56% |
| Total Change | €- | 6.91% |
Book Value vs Market Value Analysis
This analysis compares Industrial and Commercial Bank of China 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: 0.06x
- 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 | €5.97 | €0.73 | x |
| 2018-12-31 | €6.54 | €0.73 | x |
| 2019-12-31 | €7.51 | €0.73 | x |
| 2020-12-31 | €8.12 | €0.73 | x |
| 2021-12-31 | €9.14 | €0.73 | x |
| 2022-12-31 | €9.81 | €0.73 | x |
| 2023-12-31 | €10.54 | €0.73 | x |
| 2024-12-31 | €11.14 | €0.73 | x |
| 2025-12-31 | €11.91 | €0.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Industrial and Commercial Bank of China 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): 8.68%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.22%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 12.60x
- Recent ROE (8.68%) is below the historical average (12.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 20.61% | 48.55% | 0.00x | 0.00x | €135.24 Billion |
| 2014 | 18.43% | 47.68% | 0.03x | 13.77x | €126.17 Billion |
| 2015 | 16.21% | 47.60% | 0.03x | 12.99x | €106.12 Billion |
| 2016 | 14.13% | 41.33% | 0.03x | 12.25x | €81.27 Billion |
| 2017 | 13.45% | 39.53% | 0.03x | 12.26x | €73.30 Billion |
| 2018 | 12.78% | 38.62% | 0.03x | 11.89x | €64.68 Billion |
| 2019 | 11.67% | 36.62% | 0.03x | 11.25x | €44.61 Billion |
| 2020 | 10.92% | 35.84% | 0.03x | 11.52x | €26.56 Billion |
| 2021 | 10.69% | 37.06% | 0.03x | 10.80x | €22.56 Billion |
| 2022 | 10.31% | 39.46% | 0.02x | 11.33x | €10.97 Billion |
| 2023 | 9.69% | 43.43% | 0.02x | 11.90x | €-11.70 Billion |
| 2024 | 9.22% | 44.77% | 0.02x | 12.30x | €-31.12 Billion |
| 2025 | 8.68% | 44.22% | 0.02x | 12.60x | €-55.86 Billion |
Industry Comparison
This section compares Industrial and Commercial Bank of China Limited's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $631,417,781,200
- Average return on equity (ROE) among peers: 8.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Industrial and Commercial Bank of China Limited (ICK) | €4.36 Trillion | 20.61% | 11.80x | $74.10 Billion |
| VP Bank AG (3VFN) | $1.12 Billion | 1.65% | 8.52x | $568.46 Million |
| THE BK N.T.BUTTERF.+S.NEW (4IK) | $1.02 Billion | 21.19% | 12.94x | $1.96 Billion |
| ABN AMRO BK.UNSP.ADR/1 (AB2A) | $27.04 Billion | 8.33% | 14.28x | $23.71 Billion |
| Barclays PLC (BCY2) | $71.86 Billion | 7.32% | 19.56x | $66.81 Billion |
| BANC.DE.SA.A ADR2/EO-125 (BDS) | $13.88 Billion | 9.60% | 15.94x | $15.71 Billion |
| Banco Santander S.A (BSDK) | $91.32 Billion | -9.60% | 15.52x | $148.32 Billion |
| Bank of Communications Co. Ltd (C4C) | $800.91 Billion | 9.65% | 11.37x | $34.10 Billion |
| China Construction Bank Corporation (C6T) | $2.61 Trillion | 11.57% | 10.57x | $249.31 Billion |
| CHINA CON.BANK ADR/20 YC1 (C6TB) | $2.61 Trillion | 11.57% | 10.57x | $235.44 Billion |
| Commonwealth Bank of Australia (CWW) | $78.78 Billion | 12.84% | 16.19x | $181.02 Billion |
About Industrial and Commercial Bank of China Limited
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers corporate loans, trade financing, deposit-taking activities, corporate wealth management service… Read more