TMBThanachart Bank Public Company Limited (NVPJ) - Net Assets
Based on the latest financial reports, TMBThanachart Bank Public Company Limited (NVPJ) has net assets worth €244.19 Billion EUR (≈ $285.49 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 (€1.70 Trillion ≈ $1.99 Trillion USD) and total liabilities (€1.46 Trillion ≈ $1.70 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. Check TMBThanachart Bank Public Company Limite tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €244.19 Billion |
| % of Total Assets | 14.35% |
| Annual Growth Rate | 13.31% |
| 5-Year Change | 15.82% |
| 10-Year Change | N/A |
| Growth Volatility | 30.67 |
TMBThanachart Bank Public Company Limited - Net Assets Trend (2017–2025)
This chart illustrates how TMBThanachart Bank Public Company Limited's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of TMBThanachart Bank Public Company Limite to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for TMBThanachart Bank Public Company Limited (2017–2025)
The table below shows the annual net assets of TMBThanachart Bank Public Company Limited from 2017 to 2025. For live valuation and market cap data, see NVPJ market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €244.19 Billion ≈ $285.49 Billion |
+2.68% |
| 2024-12-31 | €237.81 Billion ≈ $278.03 Billion |
+3.69% |
| 2023-12-31 | €229.35 Billion ≈ $268.13 Billion |
+4.72% |
| 2022-12-31 | €219.01 Billion ≈ $256.04 Billion |
+3.88% |
| 2021-12-31 | €210.84 Billion ≈ $246.49 Billion |
+2.97% |
| 2020-12-31 | €204.75 Billion ≈ $239.37 Billion |
+5.10% |
| 2019-12-31 | €194.81 Billion ≈ $227.76 Billion |
+97.22% |
| 2018-12-31 | €98.78 Billion ≈ $115.48 Billion |
+9.93% |
| 2017-12-31 | €89.86 Billion ≈ $105.05 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to TMBThanachart Bank 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 112.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €90.59 Billion | 37.10% |
| Other Components | €153.60 Billion | 62.90% |
| Total Equity | €244.19 Billion | 100.00% |
TMBThanachart Bank Public Company Limited Competitors by Market Cap
The table below lists competitors of TMBThanachart Bank Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Casella Waste Systems Inc
NASDAQ:CWST
|
$5.45 Billion |
|
Pepco Group B.V.
WAR:PCO
|
$5.45 Billion |
|
Associated Banc-Corp
NYSE:ASB
|
$5.45 Billion |
|
West Fraser Timber Co Ltd
TO:WFG
|
$5.45 Billion |
|
VisEra Technologies Co. Ltd.
TW:6789
|
$5.45 Billion |
|
Zhejiang Shuanghuan Driveline Co Ltd
SHE:002472
|
$5.45 Billion |
|
Walsin Lihwa Corp
TW:1605
|
$5.44 Billion |
|
TKMS AG & Co KGaA
XETRA:TKMS
|
$5.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TMBThanachart Bank Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 237,812,367,000 to 244,193,908,000, a change of 6,381,541,000 (2.7%).
- Net income of 20,639,416,000 contributed positively to equity growth.
- Dividend payments of 12,572,995,000 reduced retained earnings.
- Share repurchases of 5,104,709,000 reduced equity.
- New share issuances of 161,433,000 increased equity.
- Other factors increased equity by 3,258,396,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €20.64 Billion | +8.45% |
| Dividends Paid | €12.57 Billion | -5.15% |
| Share Repurchases | €5.10 Billion | -2.09% |
| Share Issuances | €161.43 Million | +0.07% |
| Other Changes | €3.26 Billion | +1.33% |
| Total Change | €- | 2.68% |
Book Value vs Market Value Analysis
This analysis compares TMBThanachart Bank 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: 0.02x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.87 | €0.06 | x |
| 2018-12-31 | €2.06 | €0.06 | x |
| 2019-12-31 | €2.02 | €0.06 | x |
| 2020-12-31 | €2.12 | €0.06 | x |
| 2021-12-31 | €2.18 | €0.06 | x |
| 2022-12-31 | €2.26 | €0.06 | x |
| 2023-12-31 | €2.36 | €0.06 | x |
| 2024-12-31 | €2.44 | €0.06 | x |
| 2025-12-31 | €2.57 | €0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TMBThanachart Bank 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): 8.45%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.49%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 6.97x
- Recent ROE (8.45%) is above the historical average (7.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.67% | 23.20% | 0.04x | 9.39x | €-298.90 Million |
| 2018 | 11.74% | 32.11% | 0.04x | 9.03x | €1.72 Billion |
| 2019 | 3.71% | 18.29% | 0.02x | 9.54x | €-12.26 Billion |
| 2020 | 4.94% | 15.14% | 0.04x | 8.83x | €-10.36 Billion |
| 2021 | 4.97% | 16.39% | 0.04x | 8.34x | €-10.61 Billion |
| 2022 | 6.48% | 21.65% | 0.04x | 8.34x | €-7.71 Billion |
| 2023 | 8.12% | 24.14% | 0.04x | 7.95x | €-4.31 Billion |
| 2024 | 8.84% | 27.28% | 0.04x | 7.35x | €-2.75 Billion |
| 2025 | 8.45% | 28.49% | 0.04x | 6.97x | €-3.78 Billion |
Industry Comparison
This section compares TMBThanachart Bank Public Company Limited's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $4,067,079,478,900
- Average return on equity (ROE) among peers: 8.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TMBThanachart Bank Public Company Limited (NVPJ) | €244.19 Billion | 9.67% | 5.97x | $5.45 Billion |
| Grupo Supervielle S.A (189A) | $92.35 Billion | -5.45% | 6.55x | $590.94 Million |
| WOORI FIN. GRP SP.ADR/3 (2WGA) | $28.81 Trillion | 8.83% | 14.52x | $11.06 Billion |
| Bank of Zhengzhou Co. Ltd (3BZ) | $33.44 Billion | 12.80% | 12.03x | $226.76 Million |
| Manx Financial Group PLC (3IM) | $37.31 Million | 21.71% | 12.34x | $33.35 Million |
| Postal Savings Bank of China Co Ltd (3YB) | $1.16 Trillion | 7.52% | 15.07x | $12.50 Billion |
| PO.S.B.O. UNSP.ADRS/20YC1 (3YB0) | $795.55 Billion | 9.57% | 14.82x | $13.93 Billion |
| TISCO Financial Group Public Company Limited (47TA) | $39.20 Billion | 18.55% | 6.61x | $2.34 Billion |
| Bank of Qingdao Co. Ltd (4BQ) | $26.12 Billion | 7.27% | 10.72x | $1.28 Billion |
| Harbin Bank Co. Ltd (5H6) | $64.78 Billion | 1.77% | 14.73x | $116.65 Million |
| JAPAN POST BK UNSP.ADR/1 (5JP0) | $9.65 Trillion | 3.37% | 22.79x | $53.42 Billion |
About TMBThanachart Bank Public Company Limited
TMBThanachart Bank Public Company Limited provides various commercial banking products and services to individuals, large-sized and medium-sized business, small-size business, and corporate customers primarily in Thailand. It operates through Commercial Banking and Retail Banking segments. The company offers commercial banking services to wholesale banking, including corporate loans, letters of g… Read more