AJ Bell plc (AJB) - Net Assets
Based on the latest financial reports, AJ Bell plc (AJB) has net assets worth GBX217.45 Million GBX (≈ $26.46K USD) 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 ≈ $36.88K USD) and total liabilities (GBX85.63 Million ≈ $10.42K 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 AJB financial resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore AJB asset base for the complete picture of this company's asset base.
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. For live valuation and market cap data, see AJ Bell plc (AJB) total market value.
| 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 |
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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 |
|---|---|
|
Desert Mountain Energy Corp
V:DME
|
$25.01 Million |
|
Lachish
TA:LHIS
|
$25.02 Million |
|
Dae Won Chem
KO:024890
|
$25.03 Million |
|
THE INX DIGITAL CO.INC.
F:FN4
|
$25.03 Million |
|
Sarawak Consolidated Industries Bhd
KLSE:9237
|
$24.99 Million |
|
Israel Op L
TA:ISOP
|
$24.99 Million |
|
Globe Industries Corp
TW:1324
|
$24.97 Million |
|
iBio, Inc. Common Stock
NYSE MKT:IBIO
|
$24.96 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: 981.60x
- 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 4325.89x to 981.60x 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 | GBX519.00 | x |
| 2014-09-30 | GBX0.13 | GBX519.00 | x |
| 2015-09-30 | GBX0.13 | GBX519.00 | x |
| 2016-09-30 | GBX0.14 | GBX519.00 | x |
| 2017-09-30 | GBX0.15 | GBX519.00 | x |
| 2018-09-30 | GBX0.16 | GBX519.00 | x |
| 2019-09-30 | GBX0.21 | GBX519.00 | x |
| 2020-09-30 | GBX0.27 | GBX519.00 | x |
| 2021-09-30 | GBX0.32 | GBX519.00 | x |
| 2022-09-30 | GBX0.32 | GBX519.00 | x |
| 2023-09-30 | GBX0.40 | GBX519.00 | x |
| 2024-09-30 | GBX0.49 | GBX519.00 | x |
| 2025-09-30 | GBX0.53 | GBX519.00 | 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: $745,852,800
- Average return on equity (ROE) among peers: 2.99%
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 | $24.99 Million |
| 3I Infrastructure PLC (3IN) | $1.20 Billion | 4.98% | 0.15x | $42.14 Million |
| Albion Enterprise VCT PLC (AAEV) | $61.87 Million | 11.55% | 0.03x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $431.87 Million | 14.17% | 0.08x | $5.17 Million |
| Abrdn Asia Focus PLC (AAS) | $98.67 Million | 9.82% | 0.09x | $7.49 Million |
| Albion Technology & General VCT PLC (AATG) | $64.83 Million | 5.63% | 0.01x | $3.22 Million |
| Abrdn PLC (ABDN) | $4.56 Billion | 10.22% | 39.48x | $45.21 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $426.87 Million | 6.29% | 0.20x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $69.67 Million | -2.91% | 0.02x | $261.59K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $79.35 Million |
| Artemis UK Future Leaders plc (AFL) | $174.91 Million | -21.80% | 0.02x | $415.29 |
About AJ Bell plc
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