NAT.B.GR. SPONS.ADR/1 (NAG) - Net Assets
Based on the latest financial reports, NAT.B.GR. SPONS.ADR/1 (NAG) has net assets worth €9.08 Billion EUR (≈ $10.62 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 (€78.89 Billion ≈ $92.23 Billion USD) and total liabilities (€69.80 Billion ≈ $81.61 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. Explore NAT.B.GR. SPONS.ADR/1 cash conversion from operations to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €9.08 Billion |
| % of Total Assets | 11.51% |
| Annual Growth Rate | 12.0% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.91 |
NAT.B.GR. SPONS.ADR/1 - Net Assets Trend (2021–2025)
This chart illustrates how NAT.B.GR. SPONS.ADR/1's net assets have evolved over time, based on quarterly financial data. Explore NAG long-term investments to assets to see how much of total assets are deployed in long-term investments.
Annual Net Assets for NAT.B.GR. SPONS.ADR/1 (2021–2025)
The table below shows the annual net assets of NAT.B.GR. SPONS.ADR/1 from 2021 to 2025. For live valuation and market cap data, see NAT.B.GR. SPONS.ADR/1 stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €9.08 Billion ≈ $10.62 Billion |
+7.47% |
| 2024-12-31 | €8.45 Billion ≈ $9.88 Billion |
+10.45% |
| 2023-12-31 | €7.65 Billion ≈ $8.95 Billion |
+18.18% |
| 2022-12-31 | €6.47 Billion ≈ $7.57 Billion |
+12.18% |
| 2021-12-31 | €5.77 Billion ≈ $6.75 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to NAT.B.GR. SPONS.ADR/1'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 443900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €4.44 Billion | 49.02% |
| Other Components | €4.62 Billion | 50.98% |
| Total Equity | €9.05 Billion | 100.00% |
NAT.B.GR. SPONS.ADR/1 Competitors by Market Cap
The table below lists competitors of NAT.B.GR. SPONS.ADR/1 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Siam Commercial Bank Public Company Limited
BK:SCB-R
|
$13.22 Billion |
|
Lamar Advertising Company
NASDAQ:LAMR
|
$13.24 Billion |
|
Punjab National Bank
NSE:PNB
|
$13.26 Billion |
|
China Galaxy Securities Co Ltd Class A
SHG:601881
|
$13.26 Billion |
|
EDP RENOVAV. ADR /2 EO 5
F:EDW0
|
$13.21 Billion |
|
ENKA Insaat ve Sanayi AS
IS:ENKAI
|
$13.20 Billion |
|
Li Auto Inc
NASDAQ:LI
|
$13.18 Billion |
|
Lululemon Athletica Inc
F:33L
|
$13.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NAT.B.GR. SPONS.ADR/1's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,423,000,000 to 9,055,000,000, a change of 632,000,000 (7.5%).
- Net income of 1,160,000,000 contributed positively to equity growth.
- Dividend payments of 605,000,000 reduced retained earnings.
- Share repurchases of 142,000,000 reduced equity.
- New share issuances of 27,000,000 increased equity.
- Other factors increased equity by 192,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.16 Billion | +12.81% |
| Dividends Paid | €605.00 Million | -6.68% |
| Share Repurchases | €142.00 Million | -1.57% |
| Share Issuances | €27.00 Million | +0.3% |
| Other Changes | €192.00 Million | +2.12% |
| Total Change | €- | 7.50% |
Book Value vs Market Value Analysis
This analysis compares NAT.B.GR. SPONS.ADR/1'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: 1.40x
- 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 2.23x to 1.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €6.29 | €14.00 | x |
| 2022-12-31 | €7.05 | €14.00 | x |
| 2023-12-31 | €8.34 | €14.00 | x |
| 2024-12-31 | €9.24 | €14.00 | x |
| 2025-12-31 | €10.02 | €14.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NAT.B.GR. SPONS.ADR/1 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): 12.81%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.11%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 8.71x
- Recent ROE (12.81%) is below the historical average (14.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 15.08% | 42.92% | 0.02x | 14.60x | €292.00 Million |
| 2022 | 17.36% | 52.86% | 0.03x | 12.11x | €474.80 Million |
| 2023 | 14.50% | 39.81% | 0.04x | 9.78x | €343.40 Million |
| 2024 | 13.75% | 40.26% | 0.04x | 8.90x | €315.70 Million |
| 2025 | 12.81% | 43.11% | 0.03x | 8.71x | €254.50 Million |
Industry Comparison
This section compares NAT.B.GR. SPONS.ADR/1's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $4,520,924,426,200
- Average return on equity (ROE) among peers: 10.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NAT.B.GR. SPONS.ADR/1 (NAG) | €9.08 Billion | 15.08% | 7.69x | $13.22 Billion |
| Grupo Supervielle S.A (189A) | $35.68 Billion | 9.81% | 5.99x | $590.94 Million |
| WOORI FIN. GRP SP.ADR/3 (2WGA) | $33.40 Trillion | 7.50% | 13.91x | $11.06 Billion |
| Bank of Zhengzhou Co. Ltd (3BZ) | $56.85 Billion | 3.33% | 12.08x | $243.30 Million |
| Manx Financial Group PLC (3IM) | $37.31 Million | 21.71% | 12.34x | $36.64 Million |
| Postal Savings Bank of China Co Ltd (3YB) | $475.31 Billion | 11.01% | 19.02x | $13.01 Billion |
| PO.S.B.O. UNSP.ADRS/20YC1 (3YB0) | $825.81 Billion | 10.32% | 16.03x | $13.93 Billion |
| TISCO Financial Group Public Company Limited (47TA) | $37.83 Billion | 18.55% | 7.00x | $2.34 Billion |
| Bank of Qingdao Co. Ltd (4BQ) | $30.48 Billion | 7.50% | 11.26x | $1.28 Billion |
| Harbin Bank Co. Ltd (5H6) | $47.49 Billion | 11.68% | 11.96x | $123.72 Million |
| JAPAN POST BK UNSP.ADR/1 (5JP0) | $10.30 Trillion | 3.45% | 21.61x | $53.42 Billion |
About NAT.B.GR. SPONS.ADR/1
National Bank of Greece S.A., together with its subsidiaries, provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom. It operates through Retail Banking, Corporate & Investment Banking, Trouble Assets Unit, Global Markets and Asset Management, International Banking Operations, and other segments… Read more