Bank Mandiri Persero Tbk PT (BMRI) - Net Assets
Based on the latest financial reports, Bank Mandiri Persero Tbk PT (BMRI) has net assets worth Rp313.95 Trillion IDR (≈ $18.40 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 (Rp2433.04 Trillion ≈ $142.57 Billion USD) and total liabilities (Rp2119.09 Trillion ≈ $124.17 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 BMRI intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp313.95 Trillion |
| % of Total Assets | 12.9% |
| Annual Growth Rate | 13.35% |
| 5-Year Change | 47.4% |
| 10-Year Change | 113.47% |
| Growth Volatility | 14.42 |
Bank Mandiri Persero Tbk PT - Net Assets Trend (2000–2025)
This chart illustrates how Bank Mandiri Persero Tbk PT's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Bank Mandiri Persero Tbk PT to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bank Mandiri Persero Tbk PT (2000–2025)
The table below shows the annual net assets of Bank Mandiri Persero Tbk PT from 2000 to 2025. For live valuation and market cap data, see Bank Mandiri Persero Tbk PT market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp327.40 Trillion ≈ $19.18 Billion |
+4.44% |
| 2024-12-31 | Rp313.47 Trillion ≈ $18.37 Billion |
+9.04% |
| 2023-12-31 | Rp287.49 Trillion ≈ $16.85 Billion |
+13.97% |
| 2022-12-31 | Rp252.25 Trillion ≈ $14.78 Billion |
+13.57% |
| 2021-12-31 | Rp222.11 Trillion ≈ $13.01 Billion |
+8.51% |
| 2020-12-31 | Rp204.70 Trillion ≈ $11.99 Billion |
-2.07% |
| 2019-12-31 | Rp209.03 Trillion ≈ $12.25 Billion |
+13.02% |
| 2018-12-31 | Rp184.96 Trillion ≈ $10.84 Billion |
+8.80% |
| 2017-12-31 | Rp170.01 Trillion ≈ $9.96 Billion |
+10.85% |
| 2016-12-31 | Rp153.37 Trillion ≈ $8.99 Billion |
+28.35% |
| 2015-12-31 | Rp119.49 Trillion ≈ $7.00 Billion |
+13.97% |
| 2014-12-31 | Rp104.84 Trillion ≈ $6.14 Billion |
+18.08% |
| 2013-12-31 | Rp88.79 Trillion ≈ $5.20 Billion |
+17.21% |
| 2012-12-31 | Rp75.76 Trillion ≈ $4.44 Billion |
+20.91% |
| 2011-12-31 | Rp62.65 Trillion ≈ $3.67 Billion |
+48.93% |
| 2010-12-31 | Rp42.07 Trillion ≈ $2.47 Billion |
+19.18% |
| 2009-12-31 | Rp35.30 Trillion ≈ $2.07 Billion |
+15.68% |
| 2008-12-31 | Rp30.51 Trillion ≈ $1.79 Billion |
+4.34% |
| 2007-12-31 | Rp29.24 Trillion ≈ $1.71 Billion |
+11.00% |
| 2006-12-31 | Rp26.35 Trillion ≈ $1.54 Billion |
+13.47% |
| 2005-12-31 | Rp23.22 Trillion ≈ $1.36 Billion |
-6.89% |
| 2004-12-31 | Rp24.94 Trillion ≈ $1.46 Billion |
+22.25% |
| 2003-12-31 | Rp20.40 Trillion ≈ $1.20 Billion |
+41.28% |
| 2002-12-31 | Rp14.44 Trillion ≈ $846.01 Million |
+33.94% |
| 2001-12-31 | Rp10.78 Trillion ≈ $631.64 Million |
-24.44% |
| 2000-12-31 | Rp14.27 Trillion ≈ $835.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bank Mandiri Persero Tbk PT'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 22117638900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp221.18 Trillion | 75.29% |
| Common Stock | Rp11.66 Trillion | 3.97% |
| Other Comprehensive Income | Rp40.88 Trillion | 13.92% |
| Other Components | Rp20.04 Trillion | 6.82% |
| Total Equity | Rp293.75 Trillion | 100.00% |
Bank Mandiri Persero Tbk PT Competitors by Market Cap
The table below lists competitors of Bank Mandiri Persero Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Insmed Inc
NASDAQ:INSM
|
$22.15 Billion |
|
Taishin Financial Holding Co Ltd
TW:2887
|
$22.17 Billion |
|
China Jushi Co Ltd
SHG:600176
|
$22.21 Billion |
|
Sieyuan Electric Co Ltd
SHE:002028
|
$22.23 Billion |
|
Pure Storage Inc
NYSE:PSTG
|
$22.11 Billion |
|
Aristocrat Leisure Ltd
AU:ALL
|
$22.11 Billion |
|
Jiangsu Hengli Hydraulic Co Ltd
SHG:601100
|
$22.10 Billion |
|
STD BK GRP SP.ADRS RC-10
F:SKCS
|
$22.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bank Mandiri Persero Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 283,796,429,000,000 to 293,750,669,000,000, a change of 9,954,240,000,000 (3.5%).
- Net income of 56,293,950,000,000 contributed positively to equity growth.
- Dividend payments of 43,510,539,000,000 reduced retained earnings.
- Share repurchases of 403,625,000,000 reduced equity.
- Other comprehensive income increased equity by 1,208,406,000,000.
- Other factors decreased equity by 3,633,952,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp56.29 Trillion | +19.16% |
| Dividends Paid | Rp43.51 Trillion | -14.81% |
| Share Repurchases | Rp403.62 Billion | -0.14% |
| Other Comprehensive Income | Rp1.21 Trillion | +0.41% |
| Other Changes | Rp-3.63 Trillion | -1.24% |
| Total Change | Rp- | 3.51% |
Book Value vs Market Value Analysis
This analysis compares Bank Mandiri Persero Tbk PT'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: 1.29x
- 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 14.43x to 1.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | Rp280.75 | Rp4050.00 | x |
| 2006-12-31 | Rp315.09 | Rp4050.00 | x |
| 2007-12-31 | Rp346.99 | Rp4050.00 | x |
| 2008-12-31 | Rp359.34 | Rp4050.00 | x |
| 2009-12-31 | Rp411.74 | Rp4050.00 | x |
| 2010-12-31 | Rp486.46 | Rp4050.00 | x |
| 2011-12-31 | Rp667.75 | Rp4050.00 | x |
| 2012-12-31 | Rp799.07 | Rp4050.00 | x |
| 2013-12-31 | Rp936.63 | Rp4050.00 | x |
| 2014-12-31 | Rp1099.91 | Rp4050.00 | x |
| 2015-12-31 | Rp1254.32 | Rp4050.00 | x |
| 2016-12-31 | Rp1612.01 | Rp4050.00 | x |
| 2017-12-31 | Rp1786.27 | Rp4050.00 | x |
| 2018-12-31 | Rp1941.46 | Rp4050.00 | x |
| 2019-12-31 | Rp2192.15 | Rp4050.00 | x |
| 2020-12-31 | Rp2027.61 | Rp4050.00 | x |
| 2021-12-31 | Rp2194.74 | Rp4050.00 | x |
| 2022-12-31 | Rp2461.65 | Rp4050.00 | x |
| 2023-12-31 | Rp2794.85 | Rp4050.00 | x |
| 2024-12-31 | Rp3040.68 | Rp4050.00 | x |
| 2025-12-31 | Rp3147.78 | Rp4050.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bank Mandiri Persero Tbk PT 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): 19.16%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.63%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 9.63x
- Recent ROE (19.16%) is above the historical average (16.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 8.28% | 4.94% | 0.09x | 17.76x | Rp-244.80 Billion |
| 2001 | 25.48% | 7.94% | 0.13x | 24.34x | Rp1.67 Trillion |
| 2002 | 24.84% | 9.76% | 0.15x | 17.35x | Rp2.14 Trillion |
| 2003 | 22.49% | 15.60% | 0.12x | 12.23x | Rp2.55 Trillion |
| 2004 | 21.08% | 22.94% | 0.09x | 9.95x | Rp2.76 Trillion |
| 2005 | 2.60% | 2.45% | 0.09x | 11.35x | Rp-1.72 Trillion |
| 2006 | 9.20% | 8.31% | 0.11x | 10.16x | Rp-211.59 Billion |
| 2007 | 14.86% | 10.00% | 0.14x | 10.91x | Rp1.42 Trillion |
| 2008 | 19.93% | 11.72% | 0.14x | 11.75x | Rp3.03 Trillion |
| 2009 | 20.50% | 18.81% | 0.10x | 11.24x | Rp3.69 Trillion |
| 2010 | 22.55% | 21.64% | 0.10x | 10.83x | Rp5.21 Trillion |
| 2011 | 19.82% | 25.88% | 0.09x | 8.93x | Rp6.07 Trillion |
| 2012 | 20.79% | 28.65% | 0.09x | 8.52x | Rp8.05 Trillion |
| 2013 | 20.82% | 28.66% | 0.09x | 8.39x | Rp9.46 Trillion |
| 2014 | 19.36% | 25.92% | 0.09x | 8.33x | Rp9.61 Trillion |
| 2015 | 17.37% | 22.93% | 0.10x | 7.77x | Rp8.63 Trillion |
| 2016 | 9.18% | 15.06% | 0.09x | 6.90x | Rp-1.24 Trillion |
| 2017 | 12.38% | 21.80% | 0.08x | 6.75x | Rp3.97 Trillion |
| 2018 | 13.81% | 24.55% | 0.08x | 6.63x | Rp6.89 Trillion |
| 2019 | 13.43% | 24.78% | 0.08x | 6.44x | Rp7.02 Trillion |
| 2020 | 8.88% | 14.56% | 0.07x | 8.15x | Rp-2.11 Trillion |
| 2021 | 13.69% | 23.36% | 0.07x | 8.43x | Rp7.56 Trillion |
| 2022 | 17.93% | 30.24% | 0.07x | 8.68x | Rp18.20 Trillion |
| 2023 | 21.11% | 35.54% | 0.07x | 8.34x | Rp28.97 Trillion |
| 2024 | 19.66% | 31.60% | 0.07x | 8.55x | Rp27.40 Trillion |
| 2025 | 19.16% | 27.63% | 0.07x | 9.63x | Rp26.92 Trillion |
Industry Comparison
This section compares Bank Mandiri Persero Tbk PT's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $20,159,575,320,575
- Average return on equity (ROE) among peers: -1.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank Mandiri Persero Tbk PT (BMRI) | Rp313.95 Trillion | 8.28% | 6.75x | $22.15 Billion |
| Bank Rakyat Indonesia Agroniaga (AGRO) | $1.94 Trillion | 5.32% | 4.88x | $223.25 Million |
| Bank Agris Tbk (AGRS) | $564.15 Billion | -1.47% | 5.90x | $176.69 Million |
| Bank Amar Indonesia (AMAR) | $3.30 Trillion | 5.40% | 0.33x | $202.66 Million |
| Bank Artos Indonesia Tbk PT (ARTO) | $107.21 Billion | -0.29% | 5.95x | $885.32 Million |
| Bank Mnc Internasional Tbk (BABP) | $1.23 Trillion | -4.42% | 6.64x | $130.26 Million |
| Bank Capital Indonesia Tbk (BACA) | $1.05 Trillion | 8.62% | 10.54x | $137.96 Million |
| Bank Net Indonesia Syariah Tbk PT (BANK) | $3.14 Trillion | -2.35% | 1.98x | $208.04 Million |
| Bank Central Asia Tbk (BBCA) | $174.14 Trillion | 16.40% | 4.28x | $39.90 Billion |
| Bk Harda Internasional Tbk Pt (BBHI) | $2.01 Trillion | 0.62% | 0.00x | $1.19 Billion |
| Bank Bukopin Tbk (BBKP) | $14.11 Trillion | -42.76% | 4.97x | $572.43 Million |
About Bank Mandiri Persero Tbk PT
PT Bank Mandiri (Persero) Tbk provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands. It offers savings and current accounts, multicurrency, payroll, NOW, and foreign currency savings accounts; personal, mortgage, micro enterprise, small and medium enterprises, working capita… Read more