Mercedes-Benz Group AG Net Assets
Mercedes-Benz Group AG 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. See net asset quality index of Mercedes-Benz Group AG to measure how much of total assets are equity-financed.
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 |
Net Assets of Mercedes-Benz Group AG (2007–2025)
Net assets of Mercedes-Benz Group AG from 2007 to 2025. This chart illustrates how Mercedes-Benz Group AG's net assets have evolved over time, based on quarterly financial data. Also explore Mercedes-Benz Group AG net asset momentum to track the company's year-over-year net asset growth rate.
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 market cap and overall valuation, see MBG market cap.
| 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.
Mercedes-Benz Group AG Net Assets Breakdown (December 2025)
Mercedes-Benz Group AG net assets breakdown by equity component as of 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 |
|---|---|
|
Woodside Energy Group Ltd
NYSE:WDS
|
$41.29 Billion |
|
Itau Unibanco Banco Holding SA
NYSE:ITUB
|
$41.45 Billion |
|
HCL Technologies Limited
NSE:HCLTECH
|
$41.55 Billion |
|
STMicroelectronics N.V
F:SGMR
|
$41.56 Billion |
|
Toyota Tsusho Corp
NYSE:TYHOY
|
$41.24 Billion |
|
RECRUIT HLD.UNSP.ADR/02
F:1RHA
|
$41.23 Billion |
|
Yum! Brands Inc
NYSE:YUM
|
$41.22 Billion |
|
LONZA GROUP UNSP.ADR 1/10
F:LO3A
|
$41.04 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: 0.41x
- 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 0.67x to 0.41x 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 | €39.88 | x |
| 2018-12-31 | €60.45 | €39.88 | x |
| 2019-12-31 | €57.34 | €39.88 | x |
| 2020-12-31 | €56.73 | €39.88 | x |
| 2021-12-31 | €67.25 | €39.88 | x |
| 2022-12-31 | €79.84 | €39.88 | x |
| 2023-12-31 | €85.78 | €39.88 | x |
| 2024-12-31 | €96.19 | €39.88 | x |
| 2025-12-31 | €96.85 | €39.88 | 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: $58,375,357,856
- Average return on equity (ROE) among peers: -2.53%
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 | $41.25 Billion |
| Guangzhou Automobile Group Co. Ltd (02G) | $122.28 Billion | 6.59% | 0.55x | $746.96 Million |
| Niu Technologies (0O9) | $-213.19 Million | 0.00% | 0.00x | $137.04 Million |
| BAIC Motor Corp Ltd (2B5) | $74.89 Billion | 5.15% | 1.41x | $221.32 Million |
| XPENG INC. CL.A DL-00001 (8XP) | $42.15 Billion | -11.54% | 0.56x | $7.56 Billion |
| XPENG INC. SP.ADS/2 CL.A (8XPA) | $36.33 Billion | -28.56% | 1.32x | $7.64 Billion |
| ASTON MART.LA.UADR LS-001 (A5S0) | $923.10 Million | -24.71% | 2.44x | $390.66 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BMW) | $61.52 Billion | 6.14% | 2.52x | $36.87 Billion |
| Bayerische Motoren Werke Aktiengesellschaft (BMW3) | $92.92 Billion | 12.15% | 1.70x | $3.55 Billion |
| China Yuchai International Limited (CYD) | $11.84 Billion | 1.85% | 1.04x | $907.96 Million |
| Dongfeng Motor Group Company Limited (D4D) | $141.13 Billion | 7.65% | 1.24x | $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