Delta Electronics (Thailand) Public Company Limited (NVAW) - Net Assets

Latest as of March 2026: €106.51 Billion EUR ≈ $124.53 Billion USD

Based on the latest financial reports, Delta Electronics (Thailand) Public Company Limited (NVAW) has net assets worth €106.51 Billion EUR (≈ $124.53 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€174.21 Billion ≈ $203.67 Billion USD) and total liabilities (€67.70 Billion ≈ $79.14 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 NVAW goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€106.51 Billion
% of Total Assets	61.14%
Annual Growth Rate	13.12%
5-Year Change	133.62%
10-Year Change	N/A
Growth Volatility	10.63

Delta Electronics (Thailand) Public Company Limited - Net Assets Trend (2016–2025)

This chart illustrates how Delta Electronics (Thailand) Public Company Limited's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Delta Electronics (Thailand) Public Comp to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Delta Electronics (Thailand) Public Company Limited (2016–2025)

The table below shows the annual net assets of Delta Electronics (Thailand) Public Company Limited from 2016 to 2025. For live valuation and market cap data, see Delta Electronics (Thailand) Public Comp (NVAW) total market value.

Year	Net Assets	Change
2025-12-31	€96.73 Billion ≈ $113.08 Billion	+21.00%
2024-12-31	€79.94 Billion ≈ $93.46 Billion	+18.36%
2023-12-31	€67.54 Billion ≈ $78.96 Billion	+23.52%
2022-12-31	€54.68 Billion ≈ $63.93 Billion	+32.06%
2021-12-31	€41.40 Billion ≈ $48.41 Billion	+10.10%
2020-12-31	€37.61 Billion ≈ $43.97 Billion	+13.94%
2019-12-31	€33.01 Billion ≈ $38.59 Billion	-2.75%
2018-12-31	€33.94 Billion ≈ $39.68 Billion	+4.52%
2017-12-31	€32.47 Billion ≈ $37.97 Billion	+1.83%
2016-12-31	€31.89 Billion ≈ $37.28 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Delta Electronics (Thailand) Public Company 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 227.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€100.86 Billion	104.27%
Total Equity	€96.73 Billion	100.00%

Delta Electronics (Thailand) Public Company Limited Competitors by Market Cap

The table below lists competitors of Delta Electronics (Thailand) Public Company Limited ranked by their market capitalization.

Company	Market Cap
BNP PARIBAS ADR 1/2/EO 2 F:BNPH	$98.91 Billion
Brookfield Corporation TO:BN	$98.94 Billion
Bank of Nova Scotia TO:BNS	$99.24 Billion
Howmet Aerospace Inc NYSE MKT:HWM	$99.48 Billion
Cadence Design Systems Inc NASDAQ:CDNS	$97.98 Billion
Southern Company NYSE:SO	$97.89 Billion
Medtronic PLC NYSE:MDT	$97.77 Billion
ROLLS ROYCE H.ADR/ LS-20 F:RRU1	$97.12 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Delta Electronics (Thailand) Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 79,941,813,695 to 96,726,906,680, a change of 16,785,092,985 (21.0%).
Net income of 24,814,323,593 contributed positively to equity growth.
Dividend payments of 5,737,955,634 reduced retained earnings.
Other factors decreased equity by 2,291,274,974.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€24.81 Billion	+25.65%
Dividends Paid	€5.74 Billion	-5.93%
Other Changes	€-2.29 Billion	-2.37%
Total Change	€-	21.00%

Book Value vs Market Value Analysis

This analysis compares Delta Electronics (Thailand) Public Company 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: 1.21x
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 1.80x to 1.21x 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	€5.20	€9.35	x
2018-12-31	€5.44	€9.35	x
2019-12-31	€5.29	€9.35	x
2020-12-31	€6.03	€9.35	x
2021-12-31	€6.64	€9.35	x
2022-12-31	€8.77	€9.35	x
2023-12-31	€5.41	€9.35	x
2024-12-31	€6.41	€9.35	x
2025-12-31	€7.75	€9.35	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Delta Electronics (Thailand) Public Company 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): 25.65%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.52%
• Asset Turnover: 1.29x
• Equity Multiplier: 1.59x
Recent ROE (25.65%) is above the historical average (19.62%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	17.30%	11.77%	1.01x	1.45x	€2.33 Billion
2017	15.19%	10.01%	1.07x	1.42x	€1.69 Billion
2018	15.14%	9.68%	1.10x	1.42x	€1.74 Billion
2019	8.97%	5.78%	1.11x	1.39x	€-341.06 Million
2020	18.75%	11.16%	1.10x	1.52x	€3.29 Billion
2021	16.18%	7.94%	1.22x	1.67x	€2.56 Billion
2022	28.06%	12.94%	1.30x	1.66x	€9.88 Billion
2023	27.28%	12.59%	1.35x	1.60x	€11.67 Billion
2024	23.69%	11.50%	1.34x	1.54x	€10.94 Billion
2025	25.65%	12.52%	1.29x	1.59x	€15.14 Billion

Industry Comparison

This section compares Delta Electronics (Thailand) Public Company Limited's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

Industry: Electrical Equipment & Parts
Average net assets among peers: $6,103,684,749
Average return on equity (ROE) among peers: -24.32%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Delta Electronics (Thailand) Public Company Limited (NVAW)	€106.51 Billion	17.30%	0.64x	$98.54 Billion
Leoch International Technology Limited (0LT)	$4.59 Billion	11.67%	2.07x	$140.20 Million
Plejd AB (publ) (3CA)	$727.69 Million	24.77%	0.45x	$1.09 Billion
ENDURANCE MOTIVE EO -02 (7VB)	$1.13 Million	-169.06%	5.19x	$40.50 Million
CBAK ENERGY TECH. NEW (B6JA)	$120.07 Million	9.82%	1.52x	$61.13 Million
MERSEN UNSP.ADR 1/5 EO 2 (CBE0)	$631.40 Million	8.62%	1.05x	$566.93 Million
FRIWO AG (CEA)	$10.93 Million	-103.63%	4.71x	$39.01 Million
Delta Electronics (Thailand) Public Company Limited (DLS)	$54.68 Billion	28.06%	0.66x	$101.38K
SFC Energy AG (F3C)	$49.63 Million	-4.75%	0.10x	$312.82 Million
NOVONIX LTD SP.ADS/4 (GC30)	$137.59 Million	-54.38%	0.64x	$111.99 Million
AS HARJU ELEKTER EO 063 (HD8)	$90.00 Million	5.73%	0.98x	$110.33 Million

About Delta Electronics (Thailand) Public Company Limited

F:NVAW Germany Electrical Equipment & Parts

Market Cap

$136.35 Billion

€116.63 Billion EUR

Market Cap Rank

#256 Global

#51 in Germany

Share Price

€9.35

Change (1 day)

+2.19%

52-Week Range

€2.42 - €9.55

All Time High

€9.55