Mercedes-Benz Group AG (MBG) - Net Assets
Based on the latest financial reports, Mercedes-Benz Group AG (MBG) has net assets worth €94.24 Billion EUR (≈ $110.18 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 (€255.47 Billion ≈ $298.67 Billion USD) and total liabilities (€161.23 Billion ≈ $188.49 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 MBG tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €94.24 Billion |
| % of Total Assets | 36.89% |
| Annual Growth Rate | 2.9% |
| 5-Year Change | 28.8% |
| 10-Year Change | 59.37% |
| Growth Volatility | 15.57 |
Mercedes-Benz Group AG - Net Assets Trend (2007–2025)
This chart illustrates how Mercedes-Benz Group AG's net assets have evolved over time, based on quarterly financial data. See Mercedes-Benz Group AG defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Mercedes-Benz Group AG (2007–2025)
The table below shows the annual net assets of Mercedes-Benz Group AG from 2007 to 2025. For live valuation and market cap data, see Mercedes-Benz Group AG (MBG) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €94.24 Billion ≈ $110.18 Billion |
+0.65% |
| 2024-12-31 | €93.63 Billion ≈ $109.46 Billion |
+0.88% |
| 2023-12-31 | €92.82 Billion ≈ $108.51 Billion |
+7.25% |
| 2022-12-31 | €86.54 Billion ≈ $101.17 Billion |
+18.28% |
| 2021-12-31 | €73.17 Billion ≈ $85.54 Billion |
+17.54% |
| 2020-12-31 | €62.25 Billion ≈ $72.77 Billion |
-0.94% |
| 2019-12-31 | €62.84 Billion ≈ $73.47 Billion |
-4.86% |
| 2018-12-31 | €66.05 Billion ≈ $77.22 Billion |
+1.13% |
| 2017-12-31 | €65.31 Billion ≈ $76.36 Billion |
+10.45% |
| 2016-12-31 | €59.13 Billion ≈ $69.13 Billion |
+8.25% |
| 2015-12-31 | €54.62 Billion ≈ $63.86 Billion |
+22.52% |
| 2014-12-31 | €44.58 Billion ≈ $52.12 Billion |
+2.82% |
| 2013-12-31 | €43.36 Billion ≈ $50.70 Billion |
+36.25% |
| 2009-12-31 | €31.83 Billion ≈ $37.21 Billion |
-27.67% |
| 2008-12-31 | €44.01 Billion ≈ $51.45 Billion |
-21.85% |
| 2007-12-31 | €56.31 Billion ≈ $65.83 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Mercedes-Benz 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 60.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €77.63 Billion | 83.24% |
| Other Components | €15.63 Billion | 16.76% |
| Total Equity | €93.26 Billion | 100.00% |
Mercedes-Benz Group AG Competitors by Market Cap
The table below lists competitors of Mercedes-Benz Group AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UCB SA
BR:UCB
|
$44.56 Billion |
|
Westinghouse Air Brake Technologies Corp
NYSE:WAB
|
$44.59 Billion |
|
Toyota Tsusho Corp
NYSE:TYHOY
|
$44.60 Billion |
|
Nu Holdings Ltd
NYSE:NU
|
$44.67 Billion |
|
Franco-Nevada Corporation
TO:FNV
|
$44.47 Billion |
|
Kia Corp
KO:000270
|
$44.46 Billion |
|
Banco Santander Brasil SA ADR
NYSE:BSBR
|
$44.45 Billion |
|
China Citic Bank Corp Ltd Class A
SHG:601998
|
$44.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mercedes-Benz Group AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 92,625,000,000 to 93,257,000,000, a change of 632,000,000 (0.7%).
- Net income of 5,141,000,000 contributed positively to equity growth.
- Dividend payments of 4,140,000,000 reduced retained earnings.
- Share repurchases of 360,000,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.14 Billion | +5.51% |
| Dividends Paid | €4.14 Billion | -4.44% |
| Share Repurchases | €360.00 Million | -0.39% |
| Other Changes | €-9.00 Million | -0.01% |
| Total Change | €- | 0.68% |
Book Value vs Market Value Analysis
This analysis compares Mercedes-Benz 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: 0.52x
- 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 decreased from 0.84x to 0.52x 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 | €59.84 | €50.16 | x |
| 2018-12-31 | €60.45 | €50.16 | x |
| 2019-12-31 | €57.34 | €50.16 | x |
| 2020-12-31 | €56.73 | €50.16 | x |
| 2021-12-31 | €67.25 | €50.16 | x |
| 2022-12-31 | €79.84 | €50.16 | x |
| 2023-12-31 | €85.78 | €50.16 | x |
| 2024-12-31 | €96.19 | €50.16 | x |
| 2025-12-31 | €96.85 | €50.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercedes-Benz 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): 5.51%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.89%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.74x
- Recent ROE (5.51%) is below the historical average (11.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 10.42% | 4.01% | 0.74x | 3.53x | €238.61 Million |
| 2008 | 4.53% | 1.47% | 0.73x | 4.24x | €-2.41 Billion |
| 2009 | -8.72% | -3.34% | 0.61x | 4.26x | €-5.67 Billion |
| 2013 | 16.03% | 5.80% | 0.70x | 3.95x | €2.57 Billion |
| 2014 | 15.94% | 5.36% | 0.68x | 4.34x | €2.60 Billion |
| 2015 | 15.73% | 5.64% | 0.69x | 4.05x | €3.07 Billion |
| 2016 | 14.71% | 5.56% | 0.63x | 4.19x | €2.73 Billion |
| 2017 | 16.44% | 6.40% | 0.64x | 3.99x | €4.12 Billion |
| 2018 | 11.21% | 4.33% | 0.59x | 4.35x | €782.30 Million |
| 2019 | 3.87% | 1.38% | 0.57x | 4.93x | €-3.76 Billion |
| 2020 | 5.98% | 2.35% | 0.54x | 4.71x | €-2.44 Billion |
| 2021 | 31.97% | 17.18% | 0.52x | 3.61x | €15.81 Billion |
| 2022 | 16.98% | 9.67% | 0.58x | 3.04x | €5.96 Billion |
| 2023 | 15.54% | 9.36% | 0.58x | 2.87x | €5.08 Billion |
| 2024 | 11.02% | 7.01% | 0.55x | 2.86x | €944.50 Million |
| 2025 | 5.51% | 3.89% | 0.52x | 2.74x | €-4.18 Billion |
Industry Comparison
This section compares Mercedes-Benz Group AG's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $40,990,694,709
- Average return on equity (ROE) among peers: -8.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercedes-Benz Group AG (MBG) | €94.24 Billion | 10.42% | 1.71x | $44.49 Billion |
| Guangzhou Automobile Group Co. Ltd (02G) | $36.20 Billion | 8.83% | 0.72x | $915.03 Million |
| Niu Technologies (0O9) | $931.28 Million | -20.75% | 1.81x | $165.19 Million |
| BAIC Motor Corp Ltd (2B5) | $69.24 Billion | 6.40% | 1.48x | $383.40 Million |
| XPENG INC. CL.A DL-00001 (8XP) | $42.15 Billion | -11.54% | 0.56x | $12.85 Billion |
| XPENG INC. SP.ADS/2 CL.A (8XPA) | $36.33 Billion | -28.56% | 1.32x | $12.54 Billion |
| ASTON MART.LA.UADR LS-001 (A5S0) | $723.50 Million | -73.06% | 3.29x | $390.66 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BMW) | $37.44 Billion | 15.49% | 3.14x | $46.37 Billion |
| Bayerische Motoren Werke Aktiengesellschaft (BMW3) | $16.15 Billion | 12.06% | 2.81x | $4.41 Billion |
| China Yuchai International Limited (CYD) | $11.15 Billion | 6.24% | 0.94x | $1.39 Billion |
| Dongfeng Motor Group Company Limited (D4D) | $159.61 Billion | -2.44% | 1.07x | $3.00 Billion |
About Mercedes-Benz Group AG
Mercedes-Benz Group AG operates as an automotive company in Europe, Germany, North America, the United States, Asia, China, and internationally. It operates through Mercedes-Benz Cars, Mercedes-Benz Vans, and Mercedes-Benz Financial Services segments. The company develops, manufactures, and sells cars and vans under the Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, G-Class brands, as well as rel… Read more