Elisa Oyj (ELISA) - Net Assets

Latest as of December 2025: €1.26 Billion EUR ≈ $1.47 Billion USD

Based on the latest financial reports, Elisa Oyj (ELISA) has net assets worth €1.26 Billion EUR (≈ $1.47 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 (€3.52 Billion ≈ $4.11 Billion USD) and total liabilities (€2.26 Billion ≈ $2.64 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 ELISA asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€1.26 Billion
% of Total Assets	35.81%
Annual Growth Rate	2.42%
5-Year Change	4.55%
10-Year Change	29.61%
Growth Volatility	12.53

Elisa Oyj - Net Assets Trend (2000–2025)

This chart illustrates how Elisa Oyj's net assets have evolved over time, based on quarterly financial data. Also explore Elisa Oyj assets under control for the complete picture of this company's asset base.

Annual Net Assets for Elisa Oyj (2000–2025)

The table below shows the annual net assets of Elisa Oyj from 2000 to 2025. For live valuation and market cap data, see Elisa Oyj stock valuation.

Year	Net Assets	Change
2025-12-31	€1.26 Billion ≈ $1.47 Billion	-2.62%
2024-12-31	€1.29 Billion ≈ $1.51 Billion	-0.07%
2023-12-31	€1.29 Billion ≈ $1.51 Billion	+3.34%
2022-12-31	€1.25 Billion ≈ $1.46 Billion	+3.97%
2021-12-31	€1.20 Billion ≈ $1.41 Billion	+1.68%
2020-12-31	€1.18 Billion ≈ $1.38 Billion	+2.96%
2019-12-31	€1.15 Billion ≈ $1.34 Billion	+2.08%
2018-12-31	€1.13 Billion ≈ $1.32 Billion	+8.39%
2017-12-31	€1.04 Billion ≈ $1.22 Billion	+7.03%
2016-12-31	€971.30 Million ≈ $1.14 Billion	+4.90%
2015-12-31	€925.90 Million ≈ $1.08 Billion	+5.38%
2014-12-31	€878.60 Million ≈ $1.03 Billion	+1.90%
2013-12-31	€862.20 Million ≈ $1.01 Billion	+1.26%
2012-12-31	€851.50 Million ≈ $995.49 Million	+1.33%
2011-12-31	€840.30 Million ≈ $982.40 Million	+0.89%
2010-12-31	€832.90 Million ≈ $973.75 Million	-7.46%
2009-12-31	€900.00 Million ≈ $1.05 Billion	+2.86%
2008-12-31	€875.00 Million ≈ $1.02 Billion	-15.49%
2007-12-31	€1.04 Billion ≈ $1.21 Billion	-21.10%
2006-12-31	€1.31 Billion ≈ $1.53 Billion	-2.77%
2005-12-31	€1.35 Billion ≈ $1.58 Billion	+47.59%
2004-12-31	€914.50 Million ≈ $1.07 Billion	+17.78%
2003-12-31	€776.46 Million ≈ $907.76 Million	-2.85%
2002-12-31	€799.23 Million ≈ $934.38 Million	-6.55%
2001-12-31	€855.21 Million ≈ $999.83 Million	+23.46%
2000-12-31	€692.69 Million ≈ $809.83 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Elisa Oyj'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 337.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€821.40 Million	65.59%
Common Stock	€83.00 Million	6.63%
Other Components	€348.00 Million	27.79%
Total Equity	€1.25 Billion	100.00%

Elisa Oyj Competitors by Market Cap

The table below lists competitors of Elisa Oyj ranked by their market capitalization.

Company	Market Cap
GEM Co Ltd SHE:002340	$6.83 Billion
The Phoenix Mills Limited NSE:PHOENIXLTD	$6.83 Billion
Merus BV NASDAQ:MRUS	$6.83 Billion
Silicon Laboratories Inc NASDAQ:SLAB	$6.83 Billion
DB Insurance Co Ltd KO:005830	$6.82 Billion
Light & Wonder Inc NASDAQ:LNW	$6.82 Billion
Avolta AG SW:AVOL	$6.82 Billion
Hellenic Telecommunications Organization S.A AT:HTO	$6.82 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Elisa Oyj's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,285,500,000 to 1,252,400,000, a change of -33,100,000 (-2.6%).
Net income of 342,000,000 contributed positively to equity growth.
Dividend payments of 381,400,000 reduced retained earnings.
Other comprehensive income decreased equity by 465,200,000.
Other factors increased equity by 471,500,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€342.00 Million	+27.31%
Dividends Paid	€381.40 Million	-30.45%
Other Comprehensive Income	€-465.20 Million	-37.14%
Other Changes	€471.50 Million	+37.65%
Total Change	€-	-2.57%

Book Value vs Market Value Analysis

This analysis compares Elisa Oyj'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: 5.30x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 9.02x to 5.30x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	€4.58	€41.34	x
2003-12-31	€4.51	€41.34	x
2004-12-31	€6.43	€41.34	x
2005-12-31	€9.24	€41.34	x
2006-12-31	€7.90	€41.34	x
2007-12-31	€6.48	€41.34	x
2008-12-31	€5.54	€41.34	x
2009-12-31	€5.77	€41.34	x
2010-12-31	€5.31	€41.34	x
2011-12-31	€5.36	€41.34	x
2012-12-31	€5.42	€41.34	x
2013-12-31	€5.47	€41.34	x
2014-12-31	€5.51	€41.34	x
2015-12-31	€5.80	€41.34	x
2016-12-31	€6.08	€41.34	x
2017-12-31	€6.51	€41.34	x
2018-12-31	€7.05	€41.34	x
2019-12-31	€7.19	€41.34	x
2020-12-31	€7.39	€41.34	x
2021-12-31	€7.48	€41.34	x
2022-12-31	€7.77	€41.34	x
2023-12-31	€8.04	€41.34	x
2024-12-31	€8.00	€41.34	x
2025-12-31	€7.80	€41.34	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Elisa Oyj 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): 27.31%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 15.15%
• Asset Turnover: 0.64x
• Equity Multiplier: 2.81x
Recent ROE (27.31%) is above the historical average (20.75%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	3.37%	1.79%	0.72x	2.62x	€-43.91 Million
2002	-11.21%	-4.53%	0.74x	3.32x	€-134.10 Million
2003	-2.65%	-1.07%	0.80x	3.10x	€-78.68 Million
2004	17.17%	11.19%	0.73x	2.11x	€63.35 Million
2005	13.18%	13.18%	0.61x	1.65x	€42.47 Million
2006	12.26%	10.56%	0.73x	1.60x	€29.54 Million
2007	21.27%	14.01%	0.72x	2.11x	€116.46 Million
2008	20.30%	11.92%	0.73x	2.33x	€89.82 Million
2009	19.68%	12.37%	0.73x	2.18x	€87.08 Million
2010	18.14%	10.29%	0.74x	2.38x	€67.52 Million
2011	24.07%	13.16%	0.77x	2.39x	€117.72 Million
2012	24.59%	13.44%	0.77x	2.37x	€123.83 Million
2013	22.85%	12.71%	0.67x	2.70x	€110.57 Million
2014	25.62%	14.65%	0.68x	2.56x	€137.10 Million
2015	26.27%	15.49%	0.70x	2.43x	€150.56 Million
2016	26.48%	15.72%	0.65x	2.61x	€160.02 Million
2017	32.38%	18.83%	0.69x	2.48x	€232.65 Million
2018	28.04%	17.24%	0.69x	2.37x	€203.17 Million
2019	26.36%	16.44%	0.66x	2.45x	€188.05 Million
2020	27.73%	17.31%	0.62x	2.57x	€209.73 Million
2021	28.69%	17.20%	0.66x	2.53x	€223.82 Million
2022	30.01%	17.57%	0.69x	2.49x	€249.45 Million
2023	29.08%	17.21%	0.70x	2.42x	€246.16 Million
2024	27.88%	16.35%	0.65x	2.61x	€229.85 Million
2025	27.31%	15.15%	0.64x	2.81x	€216.76 Million

Industry Comparison

This section compares Elisa Oyj's net assets metrics with peer companies in the Telecom Services industry.

No peer company data available for comparison.

About Elisa Oyj

HE:ELISA Finland Telecom Services

Market Cap

$7.76 Billion

€6.64 Billion EUR

Market Cap Rank

#2920 Global

#11 in Finland

Share Price

€41.34

Change (1 day)

+2.63%

52-Week Range

€36.62 - €47.92

All Time High

€53.48