Tower Bersama Infrastructure Tbk PT (TBIG) - Net Assets
Based on the latest financial reports, Tower Bersama Infrastructure Tbk PT (TBIG) has net assets worth Rp13.26 Trillion IDR (≈ $777.21 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp46.52 Trillion ≈ $2.73 Billion USD) and total liabilities (Rp33.25 Trillion ≈ $1.95 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 tangible net worth ratio of Tower Bersama Infrastructure Tbk PT to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp13.26 Trillion |
| % of Total Assets | 28.51% |
| Annual Growth Rate | 32.83% |
| 5-Year Change | 29.99% |
| 10-Year Change | 683.51% |
| Growth Volatility | 87.8 |
Tower Bersama Infrastructure Tbk PT - Net Assets Trend (2007–2025)
This chart illustrates how Tower Bersama Infrastructure Tbk PT's net assets have evolved over time, based on quarterly financial data. See how many days can Tower Bersama Infrastructure Tbk PT fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tower Bersama Infrastructure Tbk PT (2007–2025)
The table below shows the annual net assets of Tower Bersama Infrastructure Tbk PT from 2007 to 2025. For live valuation and market cap data, see Tower Bersama Infrastructure Tbk PT market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp12.73 Trillion ≈ $745.66 Million |
+20.44% |
| 2024-12-31 | Rp10.57 Trillion ≈ $619.10 Million |
-14.53% |
| 2023-12-31 | Rp12.36 Trillion ≈ $724.31 Million |
+13.19% |
| 2022-12-31 | Rp10.92 Trillion ≈ $639.89 Million |
+11.55% |
| 2021-12-31 | Rp9.79 Trillion ≈ $573.61 Million |
+5.22% |
| 2020-12-31 | Rp9.30 Trillion ≈ $545.17 Million |
+68.45% |
| 2019-12-31 | Rp5.52 Trillion ≈ $323.64 Million |
+50.11% |
| 2018-12-31 | Rp3.68 Trillion ≈ $215.61 Million |
+15.53% |
| 2017-12-31 | Rp3.19 Trillion ≈ $186.63 Million |
+96.11% |
| 2016-12-31 | Rp1.62 Trillion ≈ $95.17 Million |
+2.10% |
| 2015-12-31 | Rp1.59 Trillion ≈ $93.21 Million |
-61.49% |
| 2014-12-31 | Rp4.13 Trillion ≈ $242.06 Million |
+0.41% |
| 2013-12-31 | Rp4.11 Trillion ≈ $241.07 Million |
-3.09% |
| 2012-12-31 | Rp4.25 Trillion ≈ $248.76 Million |
+56.93% |
| 2011-12-31 | Rp2.71 Trillion ≈ $158.51 Million |
+16.68% |
| 2010-12-31 | Rp2.32 Trillion ≈ $135.86 Million |
+327.90% |
| 2009-12-31 | Rp541.84 Billion ≈ $31.75 Million |
+173.14% |
| 2008-12-31 | Rp198.38 Billion ≈ $11.62 Million |
+158.43% |
| 2007-12-31 | Rp76.76 Billion ≈ $4.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tower Bersama Infrastructure 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 644733900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp6.45 Trillion | 53.46% |
| Common Stock | Rp453.14 Billion | 3.76% |
| Other Comprehensive Income | Rp3.59 Trillion | 29.80% |
| Other Components | Rp1.57 Trillion | 12.98% |
| Total Equity | Rp12.06 Trillion | 100.00% |
Tower Bersama Infrastructure Tbk PT Competitors by Market Cap
The table below lists competitors of Tower Bersama Infrastructure Tbk PT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Originwater Technology
SHE:300070
|
$1.79 Billion |
|
Fidelis Insurance Holdings Limited
NYSE:FIHL
|
$1.79 Billion |
|
Central China Land Media Co Ltd
SHE:000719
|
$1.79 Billion |
|
Dno ASA
OL:DNO
|
$1.79 Billion |
|
Ocular Therapeutix Inc
NASDAQ:OCUL
|
$1.79 Billion |
|
Berli Jucker PCL
BK:BJC
|
$1.79 Billion |
|
Jiangsu Changhai Compos Material
SHE:300196
|
$1.79 Billion |
|
Rapport Therapeutics, Inc. Common Stock
NASDAQ:RAPP
|
$1.79 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tower Bersama Infrastructure Tbk PT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,897,621,000,000 to 12,059,006,000,000, a change of 2,161,385,000,000 (21.8%).
- Net income of 1,426,836,000,000 contributed positively to equity growth.
- Dividend payments of 529,337,000,000 reduced retained earnings.
- Share repurchases of 240,163,000,000 reduced equity.
- New share issuances of 749,006,000,000 increased equity.
- Other comprehensive income increased equity by 558,017,000,000.
- Other factors increased equity by 197,026,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp1.43 Trillion | +11.83% |
| Dividends Paid | Rp529.34 Billion | -4.39% |
| Share Repurchases | Rp240.16 Billion | -1.99% |
| Share Issuances | Rp749.01 Billion | +6.21% |
| Other Comprehensive Income | Rp558.02 Billion | +4.63% |
| Other Changes | Rp197.03 Billion | +1.63% |
| Total Change | Rp- | 21.84% |
Book Value vs Market Value Analysis
This analysis compares Tower Bersama Infrastructure 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: 2.50x
- 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 12.28x to 2.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | Rp109.96 | Rp1350.00 | x |
| 2011-12-31 | Rp110.26 | Rp1350.00 | x |
| 2012-12-31 | Rp171.57 | Rp1350.00 | x |
| 2013-12-31 | Rp166.29 | Rp1350.00 | x |
| 2014-12-31 | Rp168.16 | Rp1350.00 | x |
| 2015-12-31 | Rp65.21 | Rp1350.00 | x |
| 2016-12-31 | Rp68.85 | Rp1350.00 | x |
| 2017-12-31 | Rp138.86 | Rp1350.00 | x |
| 2018-12-31 | Rp154.83 | Rp1350.00 | x |
| 2019-12-31 | Rp239.22 | Rp1350.00 | x |
| 2020-12-31 | Rp417.52 | Rp1350.00 | x |
| 2021-12-31 | Rp444.51 | Rp1350.00 | x |
| 2022-12-31 | Rp463.24 | Rp1350.00 | x |
| 2023-12-31 | Rp518.88 | Rp1350.00 | x |
| 2024-12-31 | Rp438.89 | Rp1350.00 | x |
| 2025-12-31 | Rp540.60 | Rp1350.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tower Bersama Infrastructure 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): 11.83%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.65%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 3.84x
- Recent ROE (11.83%) is below the historical average (31.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 45.85% | 70.50% | 0.18x | 3.55x | Rp188.17 Billion |
| 2010 | 15.24% | 48.67% | 0.13x | 2.41x | Rp112.30 Billion |
| 2011 | 18.88% | 48.90% | 0.14x | 2.74x | Rp223.15 Billion |
| 2012 | 21.08% | 49.08% | 0.12x | 3.58x | Rp442.48 Billion |
| 2013 | 31.29% | 46.39% | 0.14x | 4.69x | Rp849.18 Billion |
| 2014 | 32.69% | 39.36% | 0.15x | 5.54x | Rp903.42 Billion |
| 2015 | 93.46% | 41.80% | 0.15x | 14.90x | Rp1.28 Trillion |
| 2016 | 82.94% | 34.77% | 0.16x | 15.18x | Rp1.13 Trillion |
| 2017 | 75.01% | 57.58% | 0.16x | 8.29x | Rp2.01 Trillion |
| 2018 | 20.19% | 15.76% | 0.15x | 8.64x | Rp343.51 Billion |
| 2019 | 16.41% | 17.44% | 0.15x | 6.18x | Rp320.10 Billion |
| 2020 | 11.59% | 18.95% | 0.15x | 4.19x | Rp138.66 Billion |
| 2021 | 16.70% | 25.07% | 0.15x | 4.52x | Rp621.70 Billion |
| 2022 | 15.85% | 25.10% | 0.15x | 4.18x | Rp604.64 Billion |
| 2023 | 13.32% | 23.50% | 0.14x | 4.01x | Rp388.90 Billion |
| 2024 | 13.76% | 19.83% | 0.15x | 4.78x | Rp371.86 Billion |
| 2025 | 11.83% | 20.65% | 0.15x | 3.84x | Rp220.94 Billion |
Industry Comparison
This section compares Tower Bersama Infrastructure Tbk PT's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $5,008,934,028,364
- Average return on equity (ROE) among peers: 0.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tower Bersama Infrastructure Tbk PT (TBIG) | Rp13.26 Trillion | 45.85% | 2.51x | $1.79 Billion |
| Bali Towerindo Sentra Tbk (BALI) | $1.69 Trillion | 2.97% | 1.03x | $277.81 Million |
| Centratama Telekomunikasi Ind (CENT) | $76.88 Billion | -21.20% | 0.23x | $135.21 Million |
| Indoritel Makmur Internasional (DNET) | $8.47 Trillion | 2.46% | 0.29x | $8.56 Billion |
| XL Axiata Tbk PT (EXCL) | $26.50 Trillion | 4.80% | 2.31x | $2.59 Billion |
| Smartfren Telecom Tbk (FREN) | $1.80 Trillion | 2.80% | 1.53x | $1.36 Million |
| Gihon Telekomunikasi Indonesia Tbk PT (GHON) | $392.16 Billion | 12.60% | 0.24x | $54.79 Million |
| Inti Bangun Sejahtera Tbk (IBST) | $6.20 Trillion | 1.08% | 0.68x | $670.86 Million |
| Indosat Tbk (ISAT) | $4.76 Trillion | 28.94% | 0.21x | $3.28 Billion |
| Jasnita Telekomindo Tbk PT (JAST) | $55.84 Billion | -25.65% | 1.04x | $5.39 Million |
| LCK Global Kedaton (LCKM) | $135.67 Billion | 0.52% | 0.07x | $7.15 Million |
About Tower Bersama Infrastructure Tbk PT
PT Tower Bersama Infrastructure Tbk, together with its subsidiaries, engages in central telecommunications construction, telecommunications installations, and cable-based telecommunications business. The company operates through Tower, Repeater, Building, and Fiber Optic segments. It engages in central construction of communication; wholesale trade in telecommunications equipment; services, tradi… Read more