KONE Oyj (KNEBV) - Net Assets
Based on the latest financial reports, KONE Oyj (KNEBV) has net assets worth €2.83 Billion EUR as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€9.05 Billion) and total liabilities (€6.23 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.83 Billion |
| % of Total Assets | 31.23% |
| Annual Growth Rate | 5.89% |
| 5-Year Change | -11.64% |
| 10-Year Change | 1.11% |
| Growth Volatility | 17.95 |
KONE Oyj - Net Assets Trend (2000–2025)
This chart illustrates how KONE Oyj's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for KONE Oyj (2000–2025)
The table below shows the annual net assets of KONE Oyj from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €2.83 Billion | -2.29% |
| 2024-12-31 | €2.89 Billion | +3.84% |
| 2023-12-31 | €2.79 Billion | -2.80% |
| 2022-12-31 | €2.87 Billion | -10.40% |
| 2021-12-31 | €3.20 Billion | +0.06% |
| 2020-12-31 | €3.20 Billion | +0.14% |
| 2019-12-31 | €3.19 Billion | +3.65% |
| 2018-12-31 | €3.08 Billion | +5.95% |
| 2017-12-31 | €2.91 Billion | +4.00% |
| 2016-12-31 | €2.80 Billion | +8.55% |
| 2015-12-31 | €2.58 Billion | +24.88% |
| 2014-12-31 | €2.06 Billion | +19.60% |
| 2013-12-31 | €1.72 Billion | -9.49% |
| 2012-12-31 | €1.91 Billion | -6.33% |
| 2011-12-31 | €2.03 Billion | +27.08% |
| 2010-12-31 | €1.60 Billion | +19.52% |
| 2009-12-31 | €1.34 Billion | +29.28% |
| 2008-12-31 | €1.04 Billion | +38.27% |
| 2007-12-31 | €749.20 Million | +7.24% |
| 2006-12-31 | €698.60 Million | +4.39% |
| 2005-12-31 | €669.20 Million | -50.12% |
| 2005-03-31 | €1.34 Billion | 0.00% |
| 2004-12-31 | €1.34 Billion | +20.40% |
| 2003-12-31 | €1.11 Billion | -1.34% |
| 2002-12-31 | €1.13 Billion | +39.92% |
| 2001-12-31 | €807.20 Million | +19.28% |
| 2000-12-31 | €676.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to KONE 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 645.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.53 Billion | 90.36% |
| Common Stock | €66.20 Million | 2.37% |
| Other Comprehensive Income | €-142.50 Million | -5.09% |
| Other Components | €346.00 Million | 12.37% |
| Total Equity | €2.80 Billion | 100.00% |
KONE Oyj Competitors by Market Cap
The table below lists competitors of KONE Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CEZ as
WAR:CEZ
|
$30.43 Billion |
|
Ameren Corp
NYSE:AEE
|
$30.51 Billion |
|
Cabot Oil & Gas Corporation
MX:COG
|
$30.67 Billion |
|
PTT Public Company Limited
BK:PTT
|
$30.68 Billion |
|
MS&AD Insurance Group Holdings, Inc.
F:59M0
|
$30.30 Billion |
|
Gree Electric Appliances Inc of Zhuhai
SHE:000651
|
$30.29 Billion |
|
DTE Energy Company
NYSE:DTE
|
$30.10 Billion |
|
Chroma ATE Inc
TW:2360
|
$30.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KONE Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,866,700,000 to 2,797,300,000, a change of -69,400,000 (-2.4%).
- Net income of 980,100,000 contributed positively to equity growth.
- Dividend payments of 931,900,000 reduced retained earnings.
- Other comprehensive income decreased equity by 393,100,000.
- Other factors increased equity by 275,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €980.10 Million | +35.04% |
| Dividends Paid | €931.90 Million | -33.31% |
| Other Comprehensive Income | €-393.10 Million | -14.05% |
| Other Changes | €275.50 Million | +9.85% |
| Total Change | €- | -2.42% |
Book Value vs Market Value Analysis
This analysis compares KONE 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: 10.90x
- 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 26.22x to 10.90x 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 | €2.24 | €58.82 | x |
| 2003-12-31 | €2.16 | €58.82 | x |
| 2004-12-31 | €2.63 | €58.82 | x |
| 2005-12-31 | €1.30 | €58.82 | x |
| 2006-12-31 | €1.37 | €58.82 | x |
| 2007-12-31 | €1.47 | €58.82 | x |
| 2008-12-31 | €2.04 | €58.82 | x |
| 2009-12-31 | €2.63 | €58.82 | x |
| 2010-12-31 | €3.12 | €58.82 | x |
| 2011-12-31 | €3.95 | €58.82 | x |
| 2012-12-31 | €3.66 | €58.82 | x |
| 2013-12-31 | €3.29 | €58.82 | x |
| 2014-12-31 | €3.92 | €58.82 | x |
| 2015-12-31 | €4.91 | €58.82 | x |
| 2016-12-31 | €5.41 | €58.82 | x |
| 2017-12-31 | €5.62 | €58.82 | x |
| 2018-12-31 | €5.94 | €58.82 | x |
| 2019-12-31 | €6.14 | €58.82 | x |
| 2020-12-31 | €6.13 | €58.82 | x |
| 2021-12-31 | €6.12 | €58.82 | x |
| 2022-12-31 | €5.47 | €58.82 | x |
| 2023-12-31 | €5.32 | €58.82 | x |
| 2024-12-31 | €5.53 | €58.82 | x |
| 2025-12-31 | €5.39 | €58.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KONE 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): 35.04%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.72%
- • Asset Turnover: 1.24x
- • Equity Multiplier: 3.24x
- Recent ROE (35.04%) is above the historical average (30.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 14.49% | 3.70% | 1.04x | 3.75x | €49.77 Million |
| 2003 | 20.12% | 4.11% | 1.48x | 3.32x | €110.38 Million |
| 2004 | 23.48% | 5.54% | 1.52x | 2.79x | €177.07 Million |
| 2005 | 23.37% | 5.52% | 1.52x | 2.79x | €175.57 Million |
| 2005 | 18.61% | 5.90% | 0.98x | 3.22x | €57.36 Million |
| 2006 | 33.78% | 6.52% | 1.57x | 3.30x | €165.29 Million |
| 2007 | 24.05% | 4.42% | 1.73x | 3.15x | €105.21 Million |
| 2008 | 40.40% | 9.08% | 1.73x | 2.57x | €314.60 Million |
| 2009 | 34.85% | 9.83% | 1.66x | 2.13x | €332.56 Million |
| 2010 | 33.51% | 10.75% | 1.54x | 2.03x | €375.97 Million |
| 2011 | 31.80% | 12.33% | 1.11x | 2.33x | €441.73 Million |
| 2012 | 31.91% | 9.58% | 1.23x | 2.71x | €412.81 Million |
| 2013 | 41.43% | 10.12% | 1.30x | 3.15x | €532.40 Million |
| 2014 | 37.44% | 10.30% | 1.15x | 3.15x | €553.81 Million |
| 2015 | 40.84% | 11.94% | 1.15x | 2.97x | €779.55 Million |
| 2016 | 36.79% | 11.65% | 1.10x | 2.86x | €745.41 Million |
| 2017 | 33.45% | 10.82% | 1.16x | 2.67x | €678.59 Million |
| 2018 | 27.44% | 9.27% | 1.17x | 2.52x | €534.36 Million |
| 2019 | 29.35% | 9.33% | 1.16x | 2.71x | €614.02 Million |
| 2020 | 29.58% | 9.45% | 1.13x | 2.77x | €621.74 Million |
| 2021 | 31.95% | 9.65% | 1.08x | 3.06x | €696.78 Million |
| 2022 | 27.30% | 7.10% | 1.20x | 3.20x | €490.85 Million |
| 2023 | 33.64% | 8.45% | 1.25x | 3.17x | €650.59 Million |
| 2024 | 33.18% | 8.57% | 1.20x | 3.24x | €664.63 Million |
| 2025 | 35.04% | 8.72% | 1.24x | 3.24x | €700.37 Million |
Industry Comparison
This section compares KONE Oyj's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $345,418,511
- Average return on equity (ROE) among peers: 11.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KONE Oyj (KNEBV) | €2.83 Billion | 14.49% | 2.20x | $30.40 Billion |
| Elecster Oyj A (ELEAV) | $27.50 Million | 4.28% | 0.91x | $5.45 Million |
| Glaston Oyj Abp (GLA1V) | $30.93 Million | -72.35% | 4.11x | $45.94 Million |
| Norrhydro Group Oyj (NORRH) | $3.31 Million | 57.67% | 4.05x | $15.88 Million |
| Raute Oyj (RAUTE) | $49.69 Million | 24.37% | 1.74x | $87.73 Million |
| Scanfil Oyj (SCANFL) | $182.88 Million | 20.18% | 0.85x | $708.55 Million |
| Valmet Oyj (VALMT) | $933.00 Million | 13.61% | 2.19x | $5.51 Billion |
| Viafin Service Oyj (VIAFIN) | $24.04 Million | 14.39% | 0.83x | $67.59 Million |
| Wartsila Oyj Abp (WRT1V) | $1.51 Billion | 26.19% | 2.08x | $15.79 Billion |
About KONE Oyj
KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, automatic building doors, and integrated access control solutions, as well as maintenance and modernization solutions. It also offers KONE Office Flow, a modular connected people flow solution that delivers personalized access and enhanced user experience… Read more