Marston’s PLC (MARS) - Net Assets

Latest as of September 2025: GBX790.70 Million GBX ≈ $96.21K USD

Based on the latest financial reports, Marston’s PLC (MARS) has net assets worth GBX790.70 Million GBX (≈ $96.21K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX2.32 Billion ≈ $281.83K USD) and total liabilities (GBX1.53 Billion ≈ $185.62K 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 Marston’s PLC liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX790.70 Million
% of Total Assets	34.14%
Annual Growth Rate	3.93%
5-Year Change	94.56%
10-Year Change	5.13%
Growth Volatility	21.69

Marston’s PLC - Net Assets Trend (1986–2025)

This chart illustrates how Marston’s PLC's net assets have evolved over time, based on quarterly financial data. Also explore MARS current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Marston’s PLC (1986–2025)

The table below shows the annual net assets of Marston’s PLC from 1986 to 2025. For live valuation and market cap data, see Marston’s PLC (MARS) total market value.

Year	Net Assets	Change
2025-09-30	GBX790.70 Million ≈ $96.21K	+20.75%
2024-09-30	GBX654.80 Million ≈ $79.67K	+2.30%
2023-09-30	GBX640.10 Million ≈ $77.88K	-1.23%
2022-09-30	GBX648.10 Million ≈ $78.86K	+59.47%
2021-09-30	GBX406.40 Million ≈ $49.45K	+63.28%
2020-09-30	GBX248.90 Million ≈ $30.28K	-67.85%
2019-09-30	GBX774.20 Million ≈ $94.20K	-19.15%
2018-09-30	GBX957.60 Million ≈ $116.51K	+2.81%
2017-09-30	GBX931.40 Million ≈ $113.32K	+23.84%
2016-09-30	GBX752.10 Million ≈ $91.51K	-3.93%
2015-09-30	GBX782.90 Million ≈ $95.26K	+3.15%
2014-09-30	GBX759.00 Million ≈ $92.35K	-9.85%
2013-09-30	GBX841.90 Million ≈ $102.43K	+10.49%
2012-09-30	GBX762.00 Million ≈ $92.71K	-6.80%
2011-09-30	GBX817.60 Million ≈ $99.48K	+4.75%
2010-09-30	GBX780.50 Million ≈ $94.96K	-0.34%
2009-09-30	GBX783.20 Million ≈ $95.29K	+10.79%
2008-09-30	GBX706.90 Million ≈ $86.01K	-5.56%
2007-09-30	GBX748.50 Million ≈ $91.07K	+14.59%
2006-09-30	GBX653.20 Million ≈ $79.48K	+0.37%
2005-09-30	GBX650.80 Million ≈ $79.18K	+0.39%
2004-09-30	GBX648.30 Million ≈ $78.88K	+41.64%
2003-09-30	GBX457.70 Million ≈ $55.69K	+1.73%
2002-09-30	GBX449.90 Million ≈ $54.74K	-18.14%
2001-09-30	GBX549.60 Million ≈ $66.87K	-6.78%
2000-09-30	GBX589.60 Million ≈ $71.74K	+23.17%
1999-09-30	GBX478.70 Million ≈ $58.24K	+22.62%
1998-09-30	GBX390.40 Million ≈ $47.50K	-8.27%
1997-09-30	GBX425.60 Million ≈ $51.78K	+4.66%
1996-09-30	GBX406.64 Million ≈ $49.48K	+2.63%
1995-09-30	GBX396.23 Million ≈ $48.21K	+5.73%
1994-09-30	GBX374.74 Million ≈ $45.60K	-2.39%
1993-09-30	GBX383.91 Million ≈ $46.71K	+5.14%
1992-09-30	GBX365.16 Million ≈ $44.43K	+5.15%
1991-09-30	GBX347.28 Million ≈ $42.25K	+47.78%
1990-09-30	GBX235.00 Million ≈ $28.59K	+8.34%
1989-09-30	GBX216.92 Million ≈ $26.39K	+7.62%
1988-09-30	GBX201.55 Million ≈ $24.52K	+7.07%
1987-09-30	GBX188.24 Million ≈ $22.90K	+7.14%
1986-09-30	GBX175.69 Million ≈ $21.38K	--

Equity Component Analysis

This analysis shows how different components contribute to Marston’s 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 5760000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component	Amount	Percentage
Retained Earnings	GBX57.60 Million	7.28%
Common Stock	GBX48.70 Million	6.16%
Other Comprehensive Income	GBX-27.50 Million	-3.48%
Other Components	GBX711.90 Million	90.03%
Total Equity	GBX790.70 Million	100.00%

Marston’s PLC Competitors by Market Cap

The table below lists competitors of Marston’s PLC ranked by their market capitalization.

Company	Market Cap
Trugolf Inc NASDAQ:TRUG	$3.88 Million
Aeon Metals Ltd AU:AML	$3.88 Million
WOODPECKER.CO ZY -10 F:8FG	$3.88 Million
Oakajee Corporation Ltd AU:OKJ	$3.88 Million
Shuttle Pharmaceuticals Inc NASDAQ:SHPH	$3.87 Million
Property Franchise Group PLC LSE:TPFG	$3.86 Million
KD Corporation KQ:044180	$3.86 Million
iSpecimen Inc NASDAQ:ISPC	$3.86 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Marston’s PLC's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 654,800,000 to 790,700,000, a change of 135,900,000 (20.8%).
Net income of 71,600,000 contributed positively to equity growth.
Share repurchases of 800,000 reduced equity.
New share issuances of 100,000 increased equity.
Other comprehensive income decreased equity by 425,099,999.
Other factors increased equity by 490,099,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	GBX71.60 Million	+9.06%
Share Repurchases	GBX800.00K	-0.1%
Share Issuances	GBX100.00K	+0.01%
Other Comprehensive Income	GBX-425.10 Million	-53.76%
Other Changes	GBX490.10 Million	+61.98%
Total Change	GBX-	20.75%

Book Value vs Market Value Analysis

This analysis compares Marston’s 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: 41.04x
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 542.29x to 41.04x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1985-09-30	GBX0.09	GBX50.30	x
1986-09-30	GBX0.30	GBX50.30	x
1987-09-30	GBX0.32	GBX50.30	x
1988-09-30	GBX0.35	GBX50.30	x
1989-09-30	GBX0.37	GBX50.30	x
1990-09-30	GBX0.40	GBX50.30	x
1991-09-30	GBX0.59	GBX50.30	x
1992-09-30	GBX0.63	GBX50.30	x
1993-09-30	GBX0.66	GBX50.30	x
1994-09-30	GBX0.64	GBX50.30	x
1995-09-30	GBX0.68	GBX50.30	x
1996-09-30	GBX0.70	GBX50.30	x
1997-09-30	GBX0.73	GBX50.30	x
1998-09-30	GBX0.67	GBX50.30	x
1999-09-30	GBX0.82	GBX50.30	x
2000-09-30	GBX1.01	GBX50.30	x
2001-09-30	GBX0.94	GBX50.30	x
2002-09-30	GBX0.77	GBX50.30	x
2003-09-30	GBX0.78	GBX50.30	x
2004-09-30	GBX1.11	GBX50.30	x
2005-09-30	GBX1.11	GBX50.30	x
2006-09-30	GBX1.12	GBX50.30	x
2007-09-30	GBX1.28	GBX50.30	x
2008-09-30	GBX1.21	GBX50.30	x
2009-09-30	GBX1.34	GBX50.30	x
2010-09-30	GBX1.34	GBX50.30	x
2011-09-30	GBX1.40	GBX50.30	x
2012-09-30	GBX1.30	GBX50.30	x
2013-09-30	GBX1.44	GBX50.30	x
2014-09-30	GBX1.30	GBX50.30	x
2015-09-30	GBX1.34	GBX50.30	x
2016-09-30	GBX1.29	GBX50.30	x
2017-09-30	GBX1.55	GBX50.30	x
2018-09-30	GBX1.50	GBX50.30	x
2019-09-30	GBX1.22	GBX50.30	x
2020-09-30	GBX0.39	GBX50.30	x
2021-09-30	GBX0.64	GBX50.30	x
2022-09-30	GBX1.01	GBX50.30	x
2023-09-30	GBX1.01	GBX50.30	x
2024-09-30	GBX1.03	GBX50.30	x
2025-09-30	GBX1.23	GBX50.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Marston’s 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): 9.06%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.97%
• Asset Turnover: 0.39x
• Equity Multiplier: 2.93x
Recent ROE (9.06%) is above the historical average (0.97%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1986	7.71%	11.98%	0.51x	1.25x	GBX-4.02 Million
1987	8.65%	13.20%	0.52x	1.26x	GBX-2.54 Million
1988	8.65%	12.33%	0.53x	1.33x	GBX-2.72 Million
1989	9.30%	12.75%	0.55x	1.33x	GBX-1.52 Million
1990	10.19%	13.96%	0.55x	1.34x	GBX436.60K
1991	6.79%	12.56%	0.43x	1.25x	GBX-11.16 Million
1992	6.71%	11.69%	0.44x	1.32x	GBX-12.00 Million
1993	6.63%	11.38%	0.44x	1.31x	GBX-12.95 Million
1994	6.90%	11.17%	0.47x	1.32x	GBX-11.61 Million
1995	7.67%	12.80%	0.48x	1.24x	GBX-9.25 Million
1996	7.53%	12.26%	0.45x	1.36x	GBX-10.04 Million
1997	6.96%	10.74%	0.45x	1.44x	GBX-12.95 Million
1998	8.17%	11.17%	0.46x	1.59x	GBX-7.13 Million
1999	-0.82%	-0.94%	0.40x	2.15x	GBX-51.74 Million
2000	2.12%	2.09%	0.46x	2.20x	GBX-46.45 Million
2001	-0.58%	-0.57%	0.47x	2.17x	GBX-58.15 Million
2002	9.27%	8.25%	0.46x	2.45x	GBX-3.29 Million
2003	8.41%	7.85%	0.45x	2.37x	GBX-7.27 Million
2004	7.47%	9.42%	0.37x	2.14x	GBX-16.43 Million
2005	6.03%	7.03%	0.29x	2.93x	GBX-25.78 Million
2006	11.22%	12.31%	0.30x	3.02x	GBX7.98 Million
2007	11.00%	12.61%	0.28x	3.16x	GBX7.45 Million
2008	8.74%	9.28%	0.27x	3.49x	GBX-8.89 Million
2009	2.09%	2.54%	0.27x	3.10x	GBX-61.92 Million
2010	6.09%	7.30%	0.27x	3.10x	GBX-30.55 Million
2011	8.41%	10.09%	0.27x	3.06x	GBX-12.96 Million
2012	-14.48%	-15.33%	0.28x	3.32x	GBX-186.50 Million
2013	6.96%	7.48%	0.30x	3.12x	GBX-25.59 Million
2014	-6.68%	-6.22%	0.31x	3.46x	GBX-126.60 Million
2015	2.98%	2.65%	0.32x	3.50x	GBX-54.99 Million
2016	9.71%	7.79%	0.34x	3.72x	GBX-2.21 Million
2017	9.09%	8.38%	0.34x	3.22x	GBX-8.44 Million
2018	4.70%	3.94%	0.37x	3.18x	GBX-50.76 Million
2019	-4.83%	-4.77%	0.28x	3.64x	GBX-114.82 Million
2020	-144.48%	-69.76%	0.20x	10.17x	GBX-384.49 Million
2021	-31.42%	-31.79%	0.16x	6.07x	GBX-168.34 Million
2022	21.17%	17.16%	0.32x	3.89x	GBX72.39 Million
2023	-1.45%	-1.07%	0.36x	3.83x	GBX-73.31 Million
2024	-2.83%	-2.06%	0.41x	3.38x	GBX-83.98 Million
2025	9.06%	7.97%	0.39x	2.93x	GBX-7.47 Million

Industry Comparison

This section compares Marston’s PLC's net assets metrics with peer companies in the Restaurants industry.

Industry Context

Industry: Restaurants
Average net assets among peers: $356,713,006
Average return on equity (ROE) among peers: -30.67%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Marston’s PLC (MARS)	GBX790.70 Million	7.71%	1.93x	$3.87 Million
Comptoir Group PLC (COM)	$2.47 Million	-327.44%	13.34x	$85.82K
Compass Group PLC (CPG)	$3.07 Billion	21.97%	1.69x	$5.84 Million
Domino’s Pizza Group PLC (DOM)	$-58.60 Million	0.00%	0.00x	$9.05 Million
DP Poland Plc (DPP)	$5.70 Million	-6.72%	0.05x	$918.62K
daVictus plc (DVT)	$608.87K	-36.68%	0.04x	$6.09K
Fuller Smith & Turner (FSTA)	$207.20 Million	9.27%	0.99x	$2.50 Million
Greggs PLC (GRG)	$8.61 Million	17.55%	1.22x	$18.79 Million
Heavitree Brewery (HVT)	$14.17 Million	1.66%	0.11x	$46.73K
Heavitree Brewery A (HVTA)	$25.00 Million	3.56%	0.22x	$72.76K
J D Wetherspoon PLC (JDW)	$288.95 Million	10.13%	1.87x	$7.50 Million

About Marston’s PLC

LSE:MARS UK Restaurants

Market Cap

$3.87 Million

GBX31.83 Billion GBX

Market Cap Rank

#28826 Global

#530 in UK

Share Price

GBX50.30

Change (1 day)

-2.52%

52-Week Range

GBX36.10 - GBX68.90

All Time High

GBX133.20