Lloyds Banking Group plc Net Assets
Lloyds Banking Group plc net assets. Based on the latest financial reports, Lloyds Banking Group plc (LLD2) has net assets worth €47.24 Billion EUR (≈ $55.23 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 (€994.16 Billion ≈ $1.16 Trillion USD) and total liabilities (€946.92 Billion ≈ $1.11 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. See Lloyds Banking Group plc balance sheet independence to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €47.24 Billion |
| % of Total Assets | 4.75% |
| Annual Growth Rate | -0.33% |
| 5-Year Change | -9.94% |
| 10-Year Change | N/A |
| Growth Volatility | 5.44 |
Net Assets of Lloyds Banking Group plc (2017–2025)
Net assets of Lloyds Banking Group plc from 2017 to 2025. This chart illustrates how Lloyds Banking Group plc's net assets have evolved over time, based on quarterly financial data. Also explore Lloyds Banking Group plc (LLD2) net asset momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Lloyds Banking Group plc (2017–2025)
The table below shows the annual net assets of Lloyds Banking Group plc from 2017 to 2025. For live market cap and overall valuation, see Lloyds Banking Group plc (LLD2) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €47.87 Billion ≈ $55.96 Billion |
+4.31% |
| 2024-12-31 | €45.89 Billion ≈ $53.65 Billion |
-3.12% |
| 2023-12-31 | €47.37 Billion ≈ $55.37 Billion |
-0.33% |
| 2022-12-31 | €47.52 Billion ≈ $55.56 Billion |
-10.59% |
| 2021-12-31 | €53.15 Billion ≈ $62.14 Billion |
+7.57% |
| 2020-12-31 | €49.41 Billion ≈ $57.77 Billion |
+3.36% |
| 2019-12-31 | €47.81 Billion ≈ $55.89 Billion |
-4.77% |
| 2018-12-31 | €50.20 Billion ≈ $58.69 Billion |
+2.15% |
| 2017-12-31 | €49.14 Billion ≈ $57.45 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Lloyds Banking Group plc'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 58.2% over the analyzed period, indicating profitable operations and earnings retention.
Lloyds Banking Group plc Net Assets Breakdown (December 2025)
Lloyds Banking Group plc net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €6.29 Billion | 13.20% |
| Other Components | €41.38 Billion | 86.80% |
| Total Equity | €47.67 Billion | 100.00% |
Lloyds Banking Group plc Competitors by Market Cap
The table below lists competitors of Lloyds Banking Group plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Valero Energy Corporation
NYSE:VLO
|
$72.48 Billion |
|
Vale SA ADR
NYSE:VALE
|
$72.74 Billion |
|
ING Groep NV
AS:INGA
|
$72.74 Billion |
|
Hilton Worldwide Holdings Inc
NYSE:HLT
|
$72.76 Billion |
|
National Australia Bank Limited
F:NAL
|
$71.94 Billion |
|
ING Groep N.V
F:INNA
|
$71.79 Billion |
|
America Movil SAB de CV ADR
NYSE:AMX
|
$71.77 Billion |
|
NetEase Inc
NASDAQ:NTES
|
$71.77 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lloyds Banking Group plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 45,716,000,000 to 47,668,000,000, a change of 1,952,000,000 (4.3%).
- Net income of 4,659,000,000 contributed positively to equity growth.
- Dividend payments of 2,000,000,000 reduced retained earnings.
- Share repurchases of 1,710,000,000 reduced equity.
- New share issuances of 99,000,000 increased equity.
- Other factors increased equity by 904,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €4.66 Billion | +9.77% |
| Dividends Paid | €2.00 Billion | -4.2% |
| Share Repurchases | €1.71 Billion | -3.59% |
| Share Issuances | €99.00 Million | +0.21% |
| Other Changes | €904.00 Million | +1.9% |
| Total Change | €- | 4.27% |
Book Value vs Market Value Analysis
This analysis compares Lloyds Banking Group plc'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: 5.65x
- 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 6.74x to 5.65x 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 | €0.68 | €4.58 | x |
| 2018-12-31 | €0.70 | €4.58 | x |
| 2019-12-31 | €0.68 | €4.58 | x |
| 2020-12-31 | €0.69 | €4.58 | x |
| 2021-12-31 | €0.75 | €4.58 | x |
| 2022-12-31 | €0.70 | €4.58 | x |
| 2023-12-31 | €0.74 | €4.58 | x |
| 2024-12-31 | €0.76 | €4.58 | x |
| 2025-12-31 | €0.81 | €4.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lloyds Banking Group plc 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): 9.77%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.26%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 19.81x
- Recent ROE (9.77%) is above the historical average (8.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 7.78% | 11.12% | 0.04x | 16.61x | €-1.08 Billion |
| 2018 | 8.62% | 19.55% | 0.03x | 15.98x | €-690.50 Million |
| 2019 | 6.14% | 6.98% | 0.05x | 17.52x | €-1.84 Billion |
| 2020 | 2.68% | 4.50% | 0.03x | 17.71x | €-3.60 Billion |
| 2021 | 10.93% | 15.45% | 0.04x | 16.75x | €492.30 Million |
| 2022 | 11.55% | 29.98% | 0.02x | 18.57x | €731.30 Million |
| 2023 | 11.58% | 28.44% | 0.02x | 18.69x | €743.60 Million |
| 2024 | 9.67% | 23.76% | 0.02x | 19.83x | €-150.60 Million |
| 2025 | 9.77% | 23.26% | 0.02x | 19.81x | €-107.80 Million |
Industry Comparison
This section compares Lloyds Banking Group plc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $4,055,321,988,500
- Average return on equity (ROE) among peers: 9.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lloyds Banking Group plc (LLD2) | €47.24 Billion | 7.78% | 20.05x | $72.35 Billion |
| Grupo Supervielle S.A (189A) | $15.14 Billion | 16.09% | 5.20x | $505.51 Million |
| WOORI FIN. GRP SP.ADR/3 (2WGA) | $28.81 Trillion | 8.83% | 14.52x | $11.06 Billion |
| Bank of Zhengzhou Co. Ltd (3BZ) | $54.31 Billion | 3.41% | 10.61x | $218.50 Million |
| Manx Financial Group PLC (3IM) | $17.44 Million | 14.38% | 8.93x | $31.80 Million |
| Postal Savings Bank of China Co Ltd (3YB) | $795.55 Billion | 9.57% | 14.82x | $14.44 Billion |
| PO.S.B.O. UNSP.ADRS/20YC1 (3YB0) | $1.03 Trillion | 8.38% | 15.56x | $13.93 Billion |
| TISCO Financial Group Public Company Limited (47TA) | $34.73 Billion | 17.53% | 7.74x | $2.59 Billion |
| Bank of Qingdao Co. Ltd (4BQ) | $44.90 Billion | 9.50% | 14.37x | $1.47 Billion |
| Harbin Bank Co. Ltd (5H6) | $63.89 Billion | 1.16% | 11.73x | $109.58 Million |
| JAPAN POST BK UNSP.ADR/1 (5JP0) | $9.71 Trillion | 3.67% | 23.09x | $53.42 Billion |
About Lloyds Banking Group plc
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial products and services for retail and commercial customers in the United Kingdom. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, credi… Read more