Glanbia PLC (GL9) - Net Assets

Latest as of December 2025: €1.93 Billion EUR ≈ $2.25 Billion USD

Based on the latest financial reports, Glanbia PLC (GL9) has net assets worth €1.93 Billion EUR (≈ $2.25 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 (€3.97 Billion ≈ $4.65 Billion USD) and total liabilities (€2.05 Billion ≈ $2.39 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 GL9 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€1.93 Billion
% of Total Assets	48.5%
Annual Growth Rate	10.61%
5-Year Change	10.74%
10-Year Change	57.06%
Growth Volatility	34.14

Glanbia PLC - Net Assets Trend (1985–2025)

This chart illustrates how Glanbia PLC's net assets have evolved over time, based on quarterly financial data. See GL9 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Glanbia PLC (1985–2025)

The table below shows the annual net assets of Glanbia PLC from 1985 to 2025. For live valuation and market cap data, see Glanbia PLC market capitalisation.

Year	Net Assets	Change
2025-12-31	€1.93 Billion ≈ $2.25 Billion	-7.02%
2024-12-31	€2.07 Billion ≈ $2.42 Billion	-2.80%
2023-12-31	€2.13 Billion ≈ $2.49 Billion	+14.14%
2022-12-31	€1.87 Billion ≈ $2.18 Billion	+7.36%
2021-12-31	€1.74 Billion ≈ $2.03 Billion	+7.97%
2020-12-31	€1.61 Billion ≈ $1.88 Billion	-5.29%
2019-12-31	€1.70 Billion ≈ $1.99 Billion	+7.10%
2018-12-31	€1.59 Billion ≈ $1.86 Billion	+15.01%
2017-12-31	€1.38 Billion ≈ $1.62 Billion	+12.60%
2016-12-31	€1.23 Billion ≈ $1.43 Billion	+15.43%
2015-12-31	€1.06 Billion ≈ $1.24 Billion	+32.10%
2014-12-31	€804.78 Million ≈ $940.87 Million	+25.06%
2013-12-31	€643.52 Million ≈ $752.34 Million	+18.15%
2012-12-31	€544.66 Million ≈ $636.76 Million	+4.15%
2011-12-31	€522.95 Million ≈ $611.38 Million	+23.22%
2010-12-31	€424.40 Million ≈ $496.17 Million	+42.71%
2009-12-31	€297.39 Million ≈ $347.68 Million	+30.48%
2008-12-31	€227.92 Million ≈ $266.46 Million	-2.84%
2007-12-31	€234.57 Million ≈ $274.24 Million	+16.98%
2006-12-31	€200.52 Million ≈ $234.43 Million	+62.08%
2005-12-31	€123.72 Million ≈ $144.64 Million	-46.28%
2004-12-31	€230.29 Million ≈ $269.24 Million	-22.73%
2003-12-31	€298.04 Million ≈ $348.44 Million	-6.99%
2002-12-31	€320.44 Million ≈ $374.62 Million	-0.72%
2001-12-31	€322.76 Million ≈ $377.34 Million	+11.40%
2000-12-31	€289.72 Million ≈ $338.72 Million	+6.24%
1999-12-31	€272.70 Million ≈ $318.81 Million	+26.08%
1998-12-31	€216.29 Million ≈ $252.87 Million	+14.77%
1997-12-31	€188.46 Million ≈ $220.33 Million	-36.00%
1996-12-31	€294.46 Million ≈ $344.25 Million	+51.50%
1995-12-31	€194.37 Million ≈ $227.24 Million	+14.31%
1994-12-31	€170.04 Million ≈ $198.80 Million	+40.99%
1993-12-31	€120.61 Million ≈ $141.00 Million	-0.45%
1992-12-31	€121.16 Million ≈ $141.65 Million	-12.42%
1991-12-31	€138.35 Million ≈ $161.74 Million	+39.20%
1990-12-31	€99.39 Million ≈ $116.20 Million	-6.84%
1989-12-31	€106.68 Million ≈ $124.72 Million	-4.33%
1988-12-31	€111.51 Million ≈ $130.37 Million	+181.82%
1987-12-31	€39.57 Million ≈ $46.26 Million	+11.28%
1986-12-31	€35.55 Million ≈ $41.57 Million	+4.20%
1985-12-31	€34.12 Million ≈ $39.89 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Glanbia PLC'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 47242.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€1.61 Billion	83.67%
Other Components	€314.70 Million	16.33%
Total Equity	€1.93 Billion	100.00%

Glanbia PLC Competitors by Market Cap

The table below lists competitors of Glanbia PLC ranked by their market capitalization.

Company	Market Cap
Symbotic Inc NASDAQ:SYM	$5.13 Billion
Perseus Mining Ltd TO:PRU	$5.13 Billion
Compal Electronics Inc TW:2324	$5.13 Billion
Perseus Mining Ltd AU:PRU	$5.13 Billion
CSW Industrials Inc NASDAQ:CSWI	$5.13 Billion
Zhejiang CFMoto Power Co Ltd SHG:603129	$5.13 Billion
BIM Birlesik Magazalar AS IS:BIMAS	$5.13 Billion
HMT(Xiamen)New Technical SHG:603306	$5.13 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,072,800,000 to 1,927,200,000, a change of -145,600,000 (-7.0%).
Net income of 183,300,000 contributed positively to equity growth.
Dividend payments of 117,800,000 reduced retained earnings.
Share repurchases of 248,800,000 reduced equity.
Other factors increased equity by 37,700,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€183.30 Million	+9.51%
Dividends Paid	€117.80 Million	-6.11%
Share Repurchases	€248.80 Million	-12.91%
Other Changes	€37.70 Million	+1.96%
Total Change	€-	-7.02%

Book Value vs Market Value Analysis

This analysis compares Glanbia PLC'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: 2.73x
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 189.48x to 2.73x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1985-12-31	€0.11	€21.66	x
1986-12-31	€0.12	€21.66	x
1987-12-31	€0.13	€21.66	x
1988-12-31	€0.37	€21.66	x
1989-12-31	€0.36	€21.66	x
1990-12-31	€0.33	€21.66	x
1991-12-31	€0.46	€21.66	x
1992-12-31	€0.40	€21.66	x
1993-12-31	€0.40	€21.66	x
1994-12-31	€0.56	€21.66	x
1995-12-31	€0.65	€21.66	x
1996-12-31	€0.74	€21.66	x
1997-12-31	€0.05	€21.66	x
1998-12-31	€0.16	€21.66	x
1999-12-31	€0.33	€21.66	x
2000-12-31	€0.49	€21.66	x
2001-12-31	€0.57	€21.66	x
2002-12-31	€0.62	€21.66	x
2003-12-31	€0.60	€21.66	x
2004-12-31	€0.39	€21.66	x
2005-12-31	€0.40	€21.66	x
2006-12-31	€0.66	€21.66	x
2007-12-31	€0.77	€21.66	x
2008-12-31	€0.75	€21.66	x
2009-12-31	€0.99	€21.66	x
2010-12-31	€1.42	€21.66	x
2011-12-31	€1.74	€21.66	x
2012-12-31	€1.81	€21.66	x
2013-12-31	€2.14	€21.66	x
2014-12-31	€2.69	€21.66	x
2015-12-31	€3.56	€21.66	x
2016-12-31	€4.14	€21.66	x
2017-12-31	€4.67	€21.66	x
2018-12-31	€5.37	€21.66	x
2019-12-31	€5.75	€21.66	x
2020-12-31	€5.45	€21.66	x
2021-12-31	€5.90	€21.66	x
2022-12-31	€6.33	€21.66	x
2023-12-31	€7.89	€21.66	x
2024-12-31	€8.08	€21.66	x
2025-12-31	€7.95	€21.66	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Glanbia PLC 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): 9.51%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.64%
• Asset Turnover: 0.99x
• Equity Multiplier: 2.06x
Recent ROE (9.51%) is above the historical average (-8.52%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1985	11.43%	1.65%	2.50x	2.76x	€479.30K
1986	2.88%	0.42%	2.46x	2.81x	€-2.49 Million
1987	16.25%	2.46%	2.69x	2.46x	€2.43 Million
1988	8.22%	3.05%	1.63x	1.65x	€-1.95 Million
1989	11.74%	3.04%	1.78x	2.17x	€1.81 Million
1990	12.82%	2.47%	1.72x	3.01x	€2.72 Million
1991	10.37%	2.45%	1.66x	2.55x	€497.50K
1992	17.97%	2.54%	2.05x	3.45x	€9.37 Million
1993	21.39%	2.22%	2.33x	4.14x	€13.35 Million
1994	13.47%	1.47%	2.42x	3.79x	€5.73 Million
1995	18.09%	2.20%	2.38x	3.45x	€15.33 Million
1996	17.56%	2.28%	2.56x	3.02x	€16.42 Million
1997	-1050.82%	-5.03%	2.23x	93.53x	€-152.89 Million
1998	63.99%	1.02%	2.22x	28.36x	€25.03 Million
1999	-58.96%	-2.29%	2.00x	12.92x	€-67.00 Million
2000	41.76%	2.48%	2.04x	8.27x	€45.29 Million
2001	23.80%	1.53%	2.28x	6.83x	€23.26 Million
2002	-16.19%	-1.27%	2.42x	5.27x	€-47.48 Million
2003	-19.74%	-1.71%	2.32x	4.97x	€-52.53 Million
2004	53.70%	3.49%	2.07x	7.45x	€49.74 Million
2005	48.88%	3.14%	1.89x	8.23x	€45.65 Million
2006	34.01%	3.56%	1.59x	6.00x	€46.55 Million
2007	26.30%	2.71%	1.88x	5.17x	€37.08 Million
2008	35.65%	3.51%	1.53x	6.62x	€56.41 Million
2009	38.73%	6.16%	1.28x	4.90x	€83.59 Million
2010	25.88%	4.99%	1.33x	3.90x	€66.30 Million
2011	21.75%	4.20%	1.45x	3.58x	€60.60 Million
2012	26.76%	6.50%	1.24x	3.32x	€90.05 Million
2013	23.64%	6.31%	1.41x	2.66x	€86.74 Million
2014	18.36%	5.76%	1.21x	2.64x	€66.62 Million
2015	17.38%	6.61%	1.05x	2.51x	€77.82 Million
2016	17.42%	7.44%	1.05x	2.23x	€90.22 Million
2017	23.84%	13.80%	0.96x	1.80x	€191.23 Million
2018	14.73%	9.81%	0.77x	1.95x	€75.09 Million
2019	10.59%	4.65%	1.14x	2.00x	€10.01 Million
2020	8.92%	3.76%	1.25x	1.90x	€-17.38 Million
2021	9.64%	3.98%	1.16x	2.09x	€-6.22 Million
2022	14.84%	4.57%	1.57x	2.07x	€90.14 Million
2023	16.15%	6.35%	1.43x	1.78x	€131.14 Million
2024	7.95%	4.29%	0.99x	1.87x	€-42.58 Million
2025	9.51%	4.64%	0.99x	2.06x	€-9.42 Million

Industry Comparison

This section compares Glanbia PLC's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

Industry: Packaged Foods
Average net assets among peers: $33,793,000
Average return on equity (ROE) among peers: 13.40%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Glanbia PLC (GL9)	€1.93 Billion	11.43%	1.06x	$5.13 Billion
Kerry Group (KRZ)	$33.79 Million	13.40%	1.38x	$11.54 Billion

About Glanbia PLC

IR:GL9 Ireland Packaged Foods

Market Cap

$6.12 Billion

€5.24 Billion EUR

Market Cap Rank

#3547 Global

#6 in Ireland

Share Price

€21.66

Change (1 day)

-0.18%

52-Week Range

€12.10 - €22.60

All Time High

€22.60