AJ Bell plc

LSE:AJB UK Asset Management
Market Cap
$22.25 Million
GBX182.90 Billion GBX
Market Cap Rank
#39274 Global
#554 in UK
Share Price
GBX459.40
Change (1 day)
+2.64%
52-Week Range
GBX363.00 - GBX555.50
All Time High
GBX555.50
Categories
Companies in UK Asset Management Banking & Financial
About

AJ Bell plc, through its subsidiaries, operates investment platforms in the United Kingdom. The company offers AJ Bell Investcentre, which offers adviser needs and client service, easy-to-use functionality, and a comprehensive investment range at competitive prices; and AJ Bell, an investment platform. It also provides AJ Bell Touch, a mobile-focused platform service for financial advisers; AJ Be… Read more

AJ Bell plc (AJB) - Net Assets

Latest net assets as of September 2025: GBX217.45 Million GBX

Based on the latest financial reports, AJ Bell plc (AJB) has net assets worth GBX217.45 Million GBX as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX303.08 Million) and total liabilities (GBX85.63 Million). 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 GBX217.45 Million
% of Total Assets 71.75%
Annual Growth Rate 13.68%
5-Year Change 66.36%
10-Year Change 304.28%
Growth Volatility 10.62

AJ Bell plc - Net Assets Trend (2013–2025)

This chart illustrates how AJ Bell plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for AJ Bell plc (2013–2025)

The table below shows the annual net assets of AJ Bell plc from 2013 to 2025.

Year Net Assets Change
2025-09-30 GBX217.45 Million +6.60%
2024-09-30 GBX203.99 Million +22.86%
2023-09-30 GBX166.04 Million +24.47%
2022-09-30 GBX133.39 Million +2.05%
2021-09-30 GBX130.71 Million +19.41%
2020-09-30 GBX109.47 Million +27.19%
2019-09-30 GBX86.06 Million +34.40%
2018-09-30 GBX64.04 Million +4.36%
2017-09-30 GBX61.36 Million +14.08%
2016-09-30 GBX53.79 Million +2.90%
2015-09-30 GBX52.27 Million +5.85%
2014-09-30 GBX49.39 Million +5.80%
2013-09-30 GBX46.68 Million --

Equity Component Analysis

This analysis shows how different components contribute to AJ Bell 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 354.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component Amount Percentage
Retained Earnings GBX209.19 Million 96.20%
Common Stock GBX50.00K 0.02%
Other Components GBX8.21 Million 3.78%
Total Equity GBX217.45 Million 100.00%

AJ Bell plc Competitors by Market Cap

The table below lists competitors of AJ Bell plc ranked by their market capitalization.

Company Market Cap
IS Dongseo Co. Ltd.
KQ:010780
 		$216.45K
GROUPE GUILLIN EO-62
F:ZUY
 		$216.54K
Thermwood Corporation
PINK:TOOD
 		$216.70K
PIERF
PINK:PIERF
 		$216.83K
NRSA
STU:NRSA
 		$216.06K
Heart Test Laboratories Inc. Warrant
NASDAQ:HSCSW
 		$215.99K
RightBridge Ventures Group AB
ST:RIGHTB
 		$215.80K
Salona Global Medical Device Corporation
PINK:LNDZF
 		$215.78K

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 203,990,000 to 217,452,000, a change of 13,462,000 (6.6%).
  • Net income of 105,121,000 contributed positively to equity growth.
  • Dividend payments of 52,288,000 reduced retained earnings.
  • Share repurchases of 44,610,000 reduced equity.
  • New share issuances of 175,000 increased equity.
  • Other factors increased equity by 5,064,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX105.12 Million +48.34%
Dividends Paid GBX52.29 Million -24.05%
Share Repurchases GBX44.61 Million -20.51%
Share Issuances GBX175.00K +0.08%
Other Changes GBX5.06 Million +2.33%
Total Change GBX- 6.60%

Book Value vs Market Value Analysis

This analysis compares AJ Bell 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: 868.88x
  • 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 3829.12x to 868.88x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2013-09-30 GBX0.12 GBX459.40 x
2014-09-30 GBX0.13 GBX459.40 x
2015-09-30 GBX0.13 GBX459.40 x
2016-09-30 GBX0.14 GBX459.40 x
2017-09-30 GBX0.15 GBX459.40 x
2018-09-30 GBX0.16 GBX459.40 x
2019-09-30 GBX0.21 GBX459.40 x
2020-09-30 GBX0.27 GBX459.40 x
2021-09-30 GBX0.32 GBX459.40 x
2022-09-30 GBX0.32 GBX459.40 x
2023-09-30 GBX0.40 GBX459.40 x
2024-09-30 GBX0.49 GBX459.40 x
2025-09-30 GBX0.53 GBX459.40 x

Capital Efficiency Dashboard

This dashboard shows how efficiently AJ Bell 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): 48.34%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 33.07%
  • • Asset Turnover: 1.05x
  • • Equity Multiplier: 1.39x
  • Recent ROE (48.34%) is above the historical average (34.36%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2013 38.91% 31.86% 0.60x 2.05x GBX13.50 Million
2014 25.36% 23.42% 0.54x 2.02x GBX7.58 Million
2015 23.59% 21.62% 0.57x 1.93x GBX7.10 Million
2016 24.80% 20.85% 0.96x 1.24x GBX8.02 Million
2017 28.63% 23.27% 0.99x 1.24x GBX11.43 Million
2018 35.36% 25.26% 1.10x 1.27x GBX16.24 Million
2019 35.27% 28.95% 1.02x 1.20x GBX21.75 Million
2020 35.47% 30.63% 0.90x 1.29x GBX27.88 Million
2021 33.53% 30.05% 0.90x 1.24x GBX30.75 Million
2022 35.04% 28.53% 0.99x 1.24x GBX33.40 Million
2023 41.09% 31.26% 0.93x 1.41x GBX51.62 Million
2024 41.32% 31.29% 0.93x 1.42x GBX63.90 Million
2025 48.34% 33.07% 1.05x 1.39x GBX83.38 Million

Industry Comparison

This section compares AJ Bell plc's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $395,694,700
  • Average return on equity (ROE) among peers: -81.73%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
AJ Bell plc (AJB) GBX217.45 Million 38.91% 0.39x $216.16K
3I Infrastructure PLC (3IN) $1.09 Billion 8.57% 0.18x $396.99K
450 PLC (450) $1.30 Million -791.13% 5.03x $1.71K
abrdn Asian Income Fund Limited (AAIF) $431.48 Million 11.10% 0.09x $315.37
Abrdn Asia Focus PLC (AAS) $464.40 Million -2.37% 0.15x $434.78
Albion Technology & General VCT PLC (AATG) $34.46 Million 4.41% 0.01x $78.71
Aberdeen Diversified Income and Growth Trust PLC (ADIG) $492.42 Million 0.00% 0.32x $16.61
Aquila Energy Efficiency Trust PLC (AEET) $97.38 Million -0.64% 0.00x $2.38K
Aquila European Renewables Income PLC (AERI) $320.23 Million -9.29% 0.00x $2.45K
Artemis UK Future Leaders plc (AFL) $84.35 Million -40.52% 0.02x $401.26
AVI Global Trust PLC (AGT) $938.94 Million 2.59% 0.12x $2.83 Million