AJ Bell plc (AJB) - Net Assets

Latest as of March 2026: GBX211.89 Million GBX ≈ $25.78K USD

Based on the latest financial reports, AJ Bell plc (AJB) has net assets worth GBX211.89 Million GBX (≈ $25.78K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX293.48 Million ≈ $35.71K USD) and total liabilities (GBX81.58 Million ≈ $9.93K 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 AJ Bell plc strategic asset allocation index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX211.89 Million
% of Total Assets	72.2%
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. For live market cap and overall valuation, see how much is AJ Bell plc worth.

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. Also explore net asset growth rate of AJ Bell plc to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-09-30	GBX217.45 Million ≈ $26.46K	+6.60%
2024-09-30	GBX203.99 Million ≈ $24.82K	+22.86%
2023-09-30	GBX166.04 Million ≈ $20.20K	+24.47%
2022-09-30	GBX133.39 Million ≈ $16.23K	+2.05%
2021-09-30	GBX130.71 Million ≈ $15.90K	+19.41%
2020-09-30	GBX109.47 Million ≈ $13.32K	+27.19%
2019-09-30	GBX86.06 Million ≈ $10.47K	+34.40%
2018-09-30	GBX64.04 Million ≈ $7.79K	+4.36%
2017-09-30	GBX61.36 Million ≈ $7.47K	+14.08%
2016-09-30	GBX53.79 Million ≈ $6.54K	+2.90%
2015-09-30	GBX52.27 Million ≈ $6.36K	+5.85%
2014-09-30	GBX49.39 Million ≈ $6.01K	+5.80%
2013-09-30	GBX46.68 Million ≈ $5.68K	--

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
Aksu Enerji ve Ticaret AS IS:AKSUE	$28.28 Million
Izostal SA WAR:IZS	$28.30 Million
HeraMED Limited F:1I4	$28.30 Million
TT Vision Holdings Berhad KLSE:0272	$28.30 Million
Ascent Solar Technologies, Inc. NASDAQ:ASTI	$28.27 Million
Touch Ventures Ltd AU:TVL	$28.27 Million
ABVC Biopharma Inc NASDAQ:ABVC	$28.25 Million
Zero to Seven Inc KQ:159580	$28.25 Million

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: 1118.72x
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 4930.18x to 1118.72x 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	GBX591.50	x
2014-09-30	GBX0.13	GBX591.50	x
2015-09-30	GBX0.13	GBX591.50	x
2016-09-30	GBX0.14	GBX591.50	x
2017-09-30	GBX0.15	GBX591.50	x
2018-09-30	GBX0.16	GBX591.50	x
2019-09-30	GBX0.21	GBX591.50	x
2020-09-30	GBX0.27	GBX591.50	x
2021-09-30	GBX0.32	GBX591.50	x
2022-09-30	GBX0.32	GBX591.50	x
2023-09-30	GBX0.40	GBX591.50	x
2024-09-30	GBX0.49	GBX591.50	x
2025-09-30	GBX0.53	GBX591.50	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: $971,344,300
Average return on equity (ROE) among peers: 2.31%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
AJ Bell plc (AJB)	GBX211.89 Million	38.91%	0.39x	$28.28 Million
3I Infrastructure PLC (3IN)	$1.25 Billion	6.43%	0.14x	$44.16 Million
Albion Enterprise VCT PLC (AAEV)	$278.53 Million	5.11%	0.01x	$3.20 Million
abrdn Asian Income Fund Limited (AAIF)	$329.43 Million	-11.14%	0.12x	$5.50 Million
Abrdn Asia Focus PLC (AAS)	$46.34 Million	0.00%	0.14x	$7.56 Million
Albion Technology & General VCT PLC (AATG)	$78.03 Million	-0.40%	0.01x	$3.15 Million
Abrdn PLC (ABDN)	$6.67 Billion	3.99%	0.71x	$52.13 Million
Aberdeen Diversified Income and Growth Trust PLC (ADIG)	$413.68 Million	2.10%	0.15x	$450.86K
Aquila Energy Efficiency Trust PLC (AEET)	$95.23 Million	0.14%	0.02x	$247.72K
Aquila European Renewables Income PLC (AERI)	$316.90 Million	-0.37%	0.13x	$64.28 Million
Artemis UK Future Leaders plc (AFL)	$241.60 Million	17.22%	0.01x	$439.05

About AJ Bell plc

LSE:AJB UK Asset Management

Market Cap

$28.28 Million

GBX232.41 Billion GBX

Market Cap Rank

#24080 Global

#220 in UK

Share Price

GBX591.50

Change (1 day)

+0.42%

52-Week Range

GBX414.40 - GBX643.00

All Time High

GBX643.00