BT Group Plc (BT-A) - Net Assets

Latest as of March 2026: GBX12.56 Billion GBX ≈ $1.53 Million USD

Based on the latest financial reports, BT Group Plc (BT-A) has net assets worth GBX12.56 Billion GBX (≈ $1.53 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 (GBX49.98 Billion ≈ $6.08 Million USD) and total liabilities (GBX37.41 Billion ≈ $4.55 Million 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 asset allocation strategy of BT Group Plc to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX12.56 Billion
% of Total Assets 25.14%
Annual Growth Rate 1.4%
5-Year Change -17.86%
10-Year Change 50.74%
Growth Volatility 432.18

BT Group Plc - Net Assets Trend (1986–2026)

This chart illustrates how BT Group Plc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see BT Group Plc (BT-A) market capitalisation.

Annual Net Assets for BT Group Plc (1986–2026)

The table below shows the annual net assets of BT Group Plc from 1986 to 2026. Also explore BT Group Plc (BT-A) equity growth momentum to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2026-03-31 GBX12.56 Billion
≈ $1.53 Million		 -2.67%
2025-03-31 GBX12.91 Billion
≈ $1.57 Million		 +3.12%
2024-03-31 GBX12.52 Billion
≈ $1.52 Million		 -13.75%
2023-03-31 GBX14.51 Billion
≈ $1.77 Million		 -5.11%
2022-03-31 GBX15.30 Billion
≈ $1.86 Million		 +30.97%
2021-03-31 GBX11.68 Billion
≈ $1.42 Million		 -20.89%
2020-03-31 GBX14.76 Billion
≈ $1.80 Million		 +45.21%
2019-03-31 GBX10.17 Billion
≈ $1.24 Million		 -1.33%
2018-03-31 GBX10.30 Billion
≈ $1.25 Million		 +23.62%
2017-03-31 GBX8.34 Billion
≈ $1.01 Million		 -19.70%
2016-03-31 GBX10.38 Billion
≈ $1.26 Million		 +1184.65%
2015-03-31 GBX808.00 Million
≈ $98.31K		 +236.49%
2014-03-31 GBX-592.00 Million
≈ $-72.03K		 -125.95%
2013-03-31 GBX-262.00 Million
≈ $-31.88K		 -120.03%
2012-03-31 GBX1.31 Billion
≈ $159.15K		 -32.96%
2011-03-31 GBX1.95 Billion
≈ $237.38K		 +174.30%
2010-03-31 GBX-2.63 Billion
≈ $-319.51K		 -1653.85%
2009-03-31 GBX169.00 Million
≈ $20.56K		 -96.89%
2008-03-31 GBX5.43 Billion
≈ $660.92K		 +27.15%
2007-03-31 GBX4.27 Billion
≈ $519.78K		 +165.84%
2006-03-31 GBX1.61 Billion
≈ $195.53K		 +1591.58%
2005-03-31 GBX95.00 Million
≈ $11.56K		 -96.95%
2004-03-31 GBX3.11 Billion
≈ $378.64K		 +15.05%
2003-03-31 GBX2.71 Billion
≈ $329.12K		 +1045.80%
2002-03-31 GBX-286.00 Million
≈ $-34.80K		 -101.96%
2001-03-31 GBX14.57 Billion
≈ $1.77 Million		 -10.57%
2000-03-31 GBX16.29 Billion
≈ $1.98 Million		 +7.50%
1999-03-31 GBX15.16 Billion
≈ $1.84 Million		 +37.68%
1998-03-31 GBX11.01 Billion
≈ $1.34 Million		 -2.79%
1997-03-31 GBX11.32 Billion
≈ $1.38 Million		 -11.93%
1996-03-31 GBX12.86 Billion
≈ $1.56 Million		 +6.01%
1995-03-31 GBX12.13 Billion
≈ $1.48 Million		 -7.56%
1994-03-31 GBX13.12 Billion
≈ $1.60 Million		 +6.76%
1993-03-31 GBX12.29 Billion
≈ $1.50 Million		 +3.61%
1992-03-31 GBX11.86 Billion
≈ $1.44 Million		 +11.23%
1991-03-31 GBX10.66 Billion
≈ $1.30 Million		 +14.22%
1990-03-31 GBX9.34 Billion
≈ $1.14 Million		 +4.32%
1989-03-31 GBX8.95 Billion
≈ $1.09 Million		 +8.71%
1988-03-31 GBX8.23 Billion
≈ $1.00 Million		 +7.57%
1987-03-31 GBX7.65 Billion
≈ $931.15K		 +6.26%
1986-03-31 GBX7.20 Billion
≈ $876.28K		 --

Equity Component Analysis

This analysis shows how different components contribute to BT Group 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 118.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component Amount Percentage
Retained Earnings GBX10.55 Billion 83.99%
Common Stock GBX499.00 Million 3.97%
Other Comprehensive Income GBX650.00 Million 5.17%
Other Components GBX863.00 Million 6.87%
Total Equity GBX12.56 Billion 100.00%

BT Group Plc Competitors by Market Cap

The table below lists competitors of BT Group Plc ranked by their market capitalization.

Company Market Cap
Dustin Group AB
ST:DUST
 $244.26 Million
Shattuck Labs Inc
NASDAQ:STTK
 $244.26 Million
Sino AG
F:XTP
 $244.27 Million
Somany Ceramics Limited
NSE:SOMANYCERA
 $244.30 Million
Rajesh Exports Limited
NSE:RAJESHEXPO
 $244.18 Million
WildBrain Ltd
TO:WILD
 $244.17 Million
Pennar Industries Limited
NSE:PENIND
 $244.16 Million
Pihlajalinna Oy
HE:PIHLIS
 $244.13 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in BT Group Plc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2025 to 2026, total equity changed from 12,908,000,000 to 12,564,000,000, a change of -344,000,000 (-2.7%).
  • Net income of 1,077,000,000 contributed positively to equity growth.
  • Dividend payments of 807,000,000 reduced retained earnings.
  • Share repurchases of 126,000,000 reduced equity.
  • New share issuances of 96,000,000 increased equity.
  • Other comprehensive income decreased equity by 1,176,000,000.
  • Other factors increased equity by 592,000,000.

Equity Change Factors (2025 to 2026)

Factor Impact Contribution
Net Income GBX1.08 Billion +8.57%
Dividends Paid GBX807.00 Million -6.42%
Share Repurchases GBX126.00 Million -1.0%
Share Issuances GBX96.00 Million +0.76%
Other Comprehensive Income GBX-1.18 Billion -9.36%
Other Changes GBX592.00 Million +4.71%
Total Change GBX- -2.67%

Book Value vs Market Value Analysis

This analysis compares BT Group 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: 161.36x
  • 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 317.55x to 161.36x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1986-03-31 GBX0.64 GBX203.70 x
1987-03-31 GBX0.71 GBX203.70 x
1988-03-31 GBX0.80 GBX203.70 x
1989-03-31 GBX0.90 GBX203.70 x
1990-03-31 GBX0.93 GBX203.70 x
1991-03-31 GBX1.07 GBX203.70 x
1992-03-31 GBX1.19 GBX203.70 x
1993-03-31 GBX1.24 GBX203.70 x
1994-03-31 GBX1.32 GBX203.70 x
1995-03-31 GBX1.21 GBX203.70 x
1996-03-31 GBX1.28 GBX203.70 x
1997-03-31 GBX1.12 GBX203.70 x
1998-03-31 GBX1.09 GBX203.70 x
1999-03-31 GBX1.51 GBX203.70 x
2000-03-31 GBX1.60 GBX203.70 x
2001-03-31 GBX1.42 GBX203.70 x
2002-03-31 GBX-0.04 GBX203.70 x
2003-03-31 GBX0.27 GBX203.70 x
2004-03-31 GBX0.31 GBX203.70 x
2005-03-31 GBX0.00 GBX203.70 x
2006-03-31 GBX0.16 GBX203.70 x
2007-03-31 GBX0.43 GBX203.70 x
2008-03-31 GBX0.55 GBX203.70 x
2009-03-31 GBX0.01 GBX203.70 x
2010-03-31 GBX-0.27 GBX203.70 x
2011-03-31 GBX0.19 GBX203.70 x
2012-03-31 GBX0.13 GBX203.70 x
2013-03-31 GBX-0.03 GBX203.70 x
2014-03-31 GBX-0.06 GBX203.70 x
2015-03-31 GBX0.08 GBX203.70 x
2016-03-31 GBX1.05 GBX203.70 x
2017-03-31 GBX0.83 GBX203.70 x
2018-03-31 GBX1.04 GBX203.70 x
2019-03-31 GBX1.03 GBX203.70 x
2020-03-31 GBX1.49 GBX203.70 x
2021-03-31 GBX1.16 GBX203.70 x
2022-03-31 GBX1.51 GBX203.70 x
2023-03-31 GBX1.44 GBX203.70 x
2024-03-31 GBX1.25 GBX203.70 x
2025-03-31 GBX1.30 GBX203.70 x
2026-03-31 GBX1.26 GBX203.70 x

Capital Efficiency Dashboard

This dashboard shows how efficiently BT Group 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): 8.57%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.48%
  • • Asset Turnover: 0.39x
  • • Equity Multiplier: 3.98x
  • Recent ROE (8.57%) is below the historical average (125.86%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1986 17.19% 13.11% 0.59x 2.21x GBX456.00 Million
1987 18.62% 14.07% 0.62x 2.12x GBX608.30 Million
1988 18.42% 14.29% 0.64x 2.00x GBX665.00 Million
1989 17.70% 14.15% 0.64x 1.96x GBX681.10 Million
1990 16.36% 12.25% 0.64x 2.08x GBX586.60 Million
1991 19.67% 15.81% 0.64x 1.94x GBX1.02 Billion
1992 17.39% 15.33% 0.62x 1.83x GBX868.60 Million
1993 9.99% 9.21% 0.62x 1.74x GBX-1.80 Million
1994 13.57% 12.92% 0.61x 1.73x GBX464.40 Million
1995 14.43% 12.46% 0.65x 1.79x GBX531.30 Million
1996 15.66% 13.75% 0.61x 1.86x GBX718.20 Million
1997 18.68% 13.91% 0.60x 2.25x GBX965.40 Million
1998 15.78% 10.88% 0.67x 2.16x GBX623.50 Million
1999 19.97% 17.60% 0.61x 1.87x GBX1.49 Billion
2000 13.01% 10.98% 0.50x 2.38x GBX475.50 Million
2001 -12.86% -8.86% 0.37x 3.90x GBX-3.22 Billion
2002 0.00% 11.33% 0.74x 0.00x GBX2.37 Billion
2003 96.06% 13.55% 0.66x 10.68x GBX2.27 Billion
2004 46.12% 7.64% 0.70x 8.66x GBX1.11 Billion
2005 4066.67% 9.93% 0.67x 611.84x GBX1.83 Billion
2006 99.49% 7.93% 0.79x 15.88x GBX1.39 Billion
2007 67.25% 14.09% 0.84x 5.70x GBX2.43 Billion
2008 32.11% 8.39% 0.71x 5.43x GBX1.20 Billion
2009 -135.92% -0.90% 0.73x 206.15x GBX-207.20 Million
2010 0.00% 4.93% 0.73x 0.00x GBX1.29 Billion
2011 78.03% 7.48% 0.85x 12.23x GBX1.31 Billion
2012 154.36% 10.59% 0.79x 18.49x GBX1.87 Billion
2013 0.00% 11.61% 0.73x 0.00x GBX2.12 Billion
2014 0.00% 11.04% 0.73x 0.00x GBX2.08 Billion
2015 264.23% 11.87% 0.66x 33.65x GBX2.05 Billion
2016 24.93% 13.59% 0.45x 4.10x GBX1.55 Billion
2017 22.89% 7.93% 0.57x 5.08x GBX1.07 Billion
2018 19.72% 8.57% 0.55x 4.15x GBX1.00 Billion
2019 21.24% 9.22% 0.51x 4.55x GBX1.14 Billion
2020 11.75% 7.57% 0.43x 3.59x GBX257.70 Million
2021 12.60% 6.90% 0.42x 4.36x GBX304.10 Million
2022 8.33% 6.11% 0.42x 3.25x GBX-255.60 Million
2023 13.13% 9.21% 0.39x 3.63x GBX453.60 Million
2024 6.83% 4.11% 0.40x 4.13x GBX-396.80 Million
2025 8.17% 5.18% 0.40x 3.95x GBX-236.80 Million
2026 8.57% 5.48% 0.39x 3.98x GBX-179.40 Million

Industry Comparison

This section compares BT Group Plc's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

  • Industry: Telecom Services
  • Average net assets among peers: $15,739,201,754
  • Average return on equity (ROE) among peers: -13.32%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
BT Group Plc (BT-A) GBX12.56 Billion 17.19% 2.98x $244.22 Million
Airtel Africa Plc (AAF) $3.35 Billion 10.11% 1.98x $155.01 Million
Bigblu Broadband PLC (BBB) $-441.00K 0.00% 0.00x $31.83K
Gamma Communications PLC (GAMA) $66.70 Million 27.44% 0.47x $12.65 Million
Helios Towers Plc (HTWS) $121.70 Million -101.84% 7.36x $24.10 Million
Maintel Holdings Plc (MAI) $28.25 Million 7.41% 2.95x $153.83K
Orient Telecoms (ORNT) $540.66K 7.46% 0.49x $5.48K
Vodafone Group PLC (VOD) $122.33 Billion -25.69% 0.49x $367.58 Million
Zegona Communications Plc (ZEG) $10.54 Million -31.44% 0.04x $49.55 Million

About BT Group Plc

LSE:BT-A UK Telecom Services
Market Cap
$244.22 Million
GBX2.01 Trillion GBX
Market Cap Rank
#15838 Global
#80 in UK
Share Price
GBX203.70
Change (1 day)
-0.49%
52-Week Range
GBX174.60 - GBX239.50
All Time High
GBX497.73
Categories
Companies in UK Telecom Services
About

BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Consumer, Business, International, and Openreach segments. It builds, owns, and operates fixed and mobile networks; and designs, builds, markets, sells, and supports network access, connectivity, and related products. T… Read more