Panin Financial Tbk (PNLF) - Net Assets

Latest as of June 2025: Rp66.62 Trillion IDR ≈ $3.90 Billion USD

Based on the latest financial reports, Panin Financial Tbk (PNLF) has net assets worth Rp66.62 Trillion IDR (≈ $3.90 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp241.55 Trillion ≈ $14.15 Billion USD) and total liabilities (Rp174.93 Trillion ≈ $10.25 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 Panin Financial Tbk liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rp66.62 Trillion
% of Total Assets	27.58%
Annual Growth Rate	18.85%
5-Year Change	133.86%
10-Year Change	316.34%
Growth Volatility	29.12

Panin Financial Tbk - Net Assets Trend (2000–2024)

This chart illustrates how Panin Financial Tbk's net assets have evolved over time, based on quarterly financial data. Also explore Panin Financial Tbk total assets for the complete picture of this company's asset base.

Annual Net Assets for Panin Financial Tbk (2000–2024)

The table below shows the annual net assets of Panin Financial Tbk from 2000 to 2024. For live valuation and market cap data, see Panin Financial Tbk (PNLF) market capitalisation.

Year	Net Assets	Change
2024-12-31	Rp65.12 Trillion ≈ $3.82 Billion	+5.21%
2023-12-31	Rp61.89 Trillion ≈ $3.63 Billion	+108.54%
2022-12-31	Rp29.68 Trillion ≈ $1.74 Billion	+3.19%
2021-12-31	Rp28.76 Trillion ≈ $1.69 Billion	+3.30%
2020-12-31	Rp27.85 Trillion ≈ $1.63 Billion	+7.53%
2019-12-31	Rp25.89 Trillion ≈ $1.52 Billion	+8.94%
2018-12-31	Rp23.77 Trillion ≈ $1.39 Billion	+8.23%
2017-12-31	Rp21.96 Trillion ≈ $1.29 Billion	+7.78%
2016-12-31	Rp20.38 Trillion ≈ $1.19 Billion	+30.29%
2015-12-31	Rp15.64 Trillion ≈ $916.47 Million	+6.45%
2014-12-31	Rp14.69 Trillion ≈ $860.96 Million	+15.06%
2013-12-31	Rp12.77 Trillion ≈ $748.29 Million	+53.90%
2012-12-31	Rp8.30 Trillion ≈ $486.22 Million	+15.30%
2011-12-31	Rp7.20 Trillion ≈ $421.70 Million	+28.12%
2010-12-31	Rp5.62 Trillion ≈ $329.15 Million	+17.13%
2009-12-31	Rp4.80 Trillion ≈ $281.02 Million	+10.79%
2008-12-31	Rp4.33 Trillion ≈ $253.64 Million	+2.92%
2007-12-31	Rp4.21 Trillion ≈ $246.46 Million	+14.13%
2006-12-31	Rp3.69 Trillion ≈ $215.94 Million	+109.63%
2005-12-31	Rp1.76 Trillion ≈ $103.01 Million	+0.98%
2004-12-31	Rp1.74 Trillion ≈ $102.01 Million	+34.59%
2003-12-31	Rp1.29 Trillion ≈ $75.79 Million	+20.17%
2002-12-31	Rp1.08 Trillion ≈ $63.07 Million	+3.84%
2001-12-31	Rp1.04 Trillion ≈ $60.74 Million	+0.36%
2000-12-31	Rp1.03 Trillion ≈ $60.52 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Panin Financial Tbk'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 1844497.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Rp18.63 Trillion	63.26%
Common Stock	Rp4.00 Trillion	13.59%
Other Comprehensive Income	Rp7.40 Trillion	25.14%
Total Equity	Rp29.45 Trillion	100.00%

Panin Financial Tbk Competitors by Market Cap

The table below lists competitors of Panin Financial Tbk ranked by their market capitalization.

Company	Market Cap
Guangdong Jinming Machinery Co Ltd SHE:300281	$454.25 Million
Unusual Machines, Inc. NYSE MKT:UMAC	$454.27 Million
Xinjiang Torch Gas Co Ltd SHG:603080	$454.29 Million
Zhejiang Tailin Bioengineering Co Ltd SHE:300813	$454.55 Million
Suzhou Longjie Special Fiber Co Ltd SHG:603332	$453.98 Million
Torpol SA WAR:TOR	$453.90 Million
Infomedia Ltd AU:IFM	$453.85 Million
Tongxing Environmental Protection SHE:003027	$453.74 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 27,860,583,000,000 to 29,451,408,000,000, a change of 1,590,825,000,000 (5.7%).
Net income of 1,664,151,000,000 contributed positively to equity growth.
Other comprehensive income decreased equity by 72,826,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Rp1.66 Trillion	+5.65%
Other Comprehensive Income	Rp-72.83 Billion	-0.25%
Other Changes	Rp-500.00 Million	-0.0%
Total Change	Rp-	5.71%

Book Value vs Market Value Analysis

This analysis compares Panin Financial Tbk'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: 0.26x
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.
The price-to-book ratio has decreased from 1.65x to 0.26x 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	Rp146.71	Rp242.00	x
2006-12-31	Rp191.57	Rp242.00	x
2007-12-31	Rp150.69	Rp242.00	x
2008-12-31	Rp179.96	Rp242.00	x
2009-12-31	Rp199.51	Rp242.00	x
2010-12-31	Rp233.65	Rp242.00	x
2011-12-31	Rp297.62	Rp242.00	x
2012-12-31	Rp295.78	Rp242.00	x
2013-12-31	Rp377.69	Rp242.00	x
2014-12-31	Rp439.22	Rp242.00	x
2015-12-31	Rp430.45	Rp242.00	x
2016-12-31	Rp576.29	Rp242.00	x
2017-12-31	Rp623.02	Rp242.00	x
2018-12-31	Rp680.56	Rp242.00	x
2019-12-31	Rp745.06	Rp242.00	x
2020-12-31	Rp802.22	Rp242.00	x
2021-12-31	Rp831.40	Rp242.00	x
2022-12-31	Rp868.47	Rp242.00	x
2023-12-31	Rp870.04	Rp242.00	x
2024-12-31	Rp919.72	Rp242.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Panin Financial Tbk 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): 5.65%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.93%
• Asset Turnover: 0.05x
• Equity Multiplier: 8.73x
Recent ROE (5.65%) is below the historical average (8.63%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	1.37%	10.69%	0.10x	1.32x	Rp-89.11 Billion
2001	0.35%	2.05%	0.13x	1.32x	Rp-100.06 Billion
2002	3.70%	11.45%	0.24x	1.37x	Rp-67.79 Billion
2003	12.67%	23.49%	0.38x	1.42x	Rp34.57 Billion
2004	19.94%	28.64%	0.45x	1.54x	Rp173.01 Billion
2005	11.19%	23.91%	0.32x	1.47x	Rp20.95 Billion
2006	8.77%	19.85%	0.32x	1.40x	Rp-45.14 Billion
2007	11.23%	21.58%	0.33x	1.56x	Rp51.75 Billion
2008	8.49%	29.90%	0.21x	1.37x	Rp-65.28 Billion
2009	9.71%	22.45%	0.29x	1.48x	Rp-13.80 Billion
2010	12.68%	29.54%	0.30x	1.45x	Rp150.46 Billion
2011	12.33%	34.79%	0.24x	1.46x	Rp167.94 Billion
2012	13.39%	44.01%	0.21x	1.42x	Rp281.70 Billion
2013	10.54%	32.27%	0.22x	1.46x	Rp59.94 Billion
2014	10.07%	28.40%	0.23x	1.52x	Rp8.62 Billion
2015	6.57%	20.66%	0.22x	1.44x	Rp-472.98 Billion
2016	8.32%	34.22%	0.18x	1.35x	Rp-309.33 Billion
2017	7.31%	28.56%	0.19x	1.33x	Rp-537.47 Billion
2018	8.39%	41.54%	0.16x	1.30x	Rp-349.88 Billion
2019	8.28%	43.71%	0.15x	1.27x	Rp-410.50 Billion
2020	7.24%	62.38%	0.09x	1.26x	Rp-709.12 Billion
2021	4.99%	46.51%	0.09x	1.25x	Rp-1.33 Trillion
2022	7.25%	18.38%	0.32x	1.22x	Rp-763.46 Billion
2023	5.42%	11.46%	0.06x	8.42x	Rp-1.28 Trillion
2024	5.65%	12.93%	0.05x	8.73x	Rp-1.28 Trillion

Industry Comparison

This section compares Panin Financial Tbk's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $5,917,401,827,400
Average return on equity (ROE) among peers: 5.92%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Panin Financial Tbk (PNLF)	Rp66.62 Trillion	1.37%	2.63x	$454.08 Million
Bank Rakyat Indonesia Agroniaga (AGRO)	$278.29 Billion	5.04%	9.97x	$262.39 Million
Bank Agris Tbk (AGRS)	$5.37 Trillion	3.41%	2.61x	$196.33 Million
Bank Amar Indonesia (AMAR)	$472.48 Billion	-5.85%	0.16x	$208.99 Million
Bank Artos Indonesia Tbk PT (ARTO)	$105.52 Billion	0.00%	3.84x	$1.06 Billion
Bank Mnc Internasional Tbk (BABP)	$518.93 Billion	1.53%	9.44x	$132.86 Million
Bank Capital Indonesia Tbk (BACA)	$1.32 Trillion	7.11%	9.80x	$160.18 Million
Bank Net Indonesia Syariah Tbk PT (BANK)	$595.72 Billion	12.98%	0.20x	$502.76 Million
Bank Central Asia Tbk (BBCA)	$34.11 Trillion	24.86%	8.51x	$42.25 Billion
Bk Harda Internasional Tbk Pt (BBHI)	$7.51 Trillion	7.65%	1.46x	$1.62 Billion
Bank Bukopin Tbk (BBKP)	$8.91 Trillion	2.43%	10.26x	$671.50 Million

About Panin Financial Tbk

JK:PNLF Indonesia Banks - Regional

Market Cap

$454.08 Million

Rp7.75 Trillion IDR

Market Cap Rank

#13044 Global

#160 in Indonesia

Share Price

Rp242.00

Change (1 day)

-2.42%

52-Week Range

Rp226.00 - Rp378.00

All Time High

Rp745.00