Marston’s PLC (MARS) - Net Assets
Based on the latest financial reports, Marston’s PLC (MARS) has net assets worth GBX812.90 Million GBX (≈ $98.91K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX2.34 Billion ≈ $285.23K USD) and total liabilities (GBX1.53 Billion ≈ $186.33K 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. Also explore Marston’s PLC assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX812.90 Million |
| % of Total Assets | 34.68% |
| 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. Check MARS goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity 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) market capitalisation.
| 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 |
|---|---|
|
Hopening SA
PA:MLHPE
|
$3.93 Million |
|
Aberdeen New India Investment Trust PLC
LSE:ANII
|
$3.93 Million |
|
VERSES AI Inc.
NEO:VERS
|
$3.93 Million |
|
Inix Technologies Holdings Bhd
KLSE:0094
|
$3.94 Million |
|
Emergent Metals Corp
V:EMR
|
$3.93 Million |
|
ARC Funds Ltd
AU:ARC
|
$3.93 Million |
|
Hanil Vacuum Co. Ltd
KQ:123840
|
$3.92 Million |
|
MOJ S.A
WAR:MOJ
|
$3.92 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: 41.61x
- 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 549.83x to 41.61x 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 | GBX51.00 | x |
| 1986-09-30 | GBX0.30 | GBX51.00 | x |
| 1987-09-30 | GBX0.32 | GBX51.00 | x |
| 1988-09-30 | GBX0.35 | GBX51.00 | x |
| 1989-09-30 | GBX0.37 | GBX51.00 | x |
| 1990-09-30 | GBX0.40 | GBX51.00 | x |
| 1991-09-30 | GBX0.59 | GBX51.00 | x |
| 1992-09-30 | GBX0.63 | GBX51.00 | x |
| 1993-09-30 | GBX0.66 | GBX51.00 | x |
| 1994-09-30 | GBX0.64 | GBX51.00 | x |
| 1995-09-30 | GBX0.68 | GBX51.00 | x |
| 1996-09-30 | GBX0.70 | GBX51.00 | x |
| 1997-09-30 | GBX0.73 | GBX51.00 | x |
| 1998-09-30 | GBX0.67 | GBX51.00 | x |
| 1999-09-30 | GBX0.82 | GBX51.00 | x |
| 2000-09-30 | GBX1.01 | GBX51.00 | x |
| 2001-09-30 | GBX0.94 | GBX51.00 | x |
| 2002-09-30 | GBX0.77 | GBX51.00 | x |
| 2003-09-30 | GBX0.78 | GBX51.00 | x |
| 2004-09-30 | GBX1.11 | GBX51.00 | x |
| 2005-09-30 | GBX1.11 | GBX51.00 | x |
| 2006-09-30 | GBX1.12 | GBX51.00 | x |
| 2007-09-30 | GBX1.28 | GBX51.00 | x |
| 2008-09-30 | GBX1.21 | GBX51.00 | x |
| 2009-09-30 | GBX1.34 | GBX51.00 | x |
| 2010-09-30 | GBX1.34 | GBX51.00 | x |
| 2011-09-30 | GBX1.40 | GBX51.00 | x |
| 2012-09-30 | GBX1.30 | GBX51.00 | x |
| 2013-09-30 | GBX1.44 | GBX51.00 | x |
| 2014-09-30 | GBX1.30 | GBX51.00 | x |
| 2015-09-30 | GBX1.34 | GBX51.00 | x |
| 2016-09-30 | GBX1.29 | GBX51.00 | x |
| 2017-09-30 | GBX1.55 | GBX51.00 | x |
| 2018-09-30 | GBX1.50 | GBX51.00 | x |
| 2019-09-30 | GBX1.22 | GBX51.00 | x |
| 2020-09-30 | GBX0.39 | GBX51.00 | x |
| 2021-09-30 | GBX0.64 | GBX51.00 | x |
| 2022-09-30 | GBX1.01 | GBX51.00 | x |
| 2023-09-30 | GBX1.01 | GBX51.00 | x |
| 2024-09-30 | GBX1.03 | GBX51.00 | x |
| 2025-09-30 | GBX1.23 | GBX51.00 | 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: $260,342,259
- Average return on equity (ROE) among peers: 27.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marston’s PLC (MARS) | GBX812.90 Million | 7.71% | 1.88x | $3.93 Million |
| Comptoir Group PLC (COM) | $10.04 Million | -9.14% | 0.60x | $82.09K |
| Compass Group PLC (CPG) | $2.17 Billion | 23.73% | 1.96x | $6.56 Million |
| Domino’s Pizza Group PLC (DOM) | $12.78 Million | 122.47% | 4.02x | $9.35 Million |
| DP Poland Plc (DPP) | $10.69 Million | -35.48% | 0.23x | $803.99K |
| daVictus plc (DVT) | $215.76K | 105.96% | 1.28x | $6.09K |
| Fuller Smith & Turner (FSTA) | $159.77 Million | 8.65% | 0.39x | $2.69 Million |
| Greggs PLC (GRG) | $144.89 Million | 18.68% | 0.58x | $23.29 Million |
| Heavitree Brewery (HVT) | $7.46 Million | 14.04% | 1.11x | $63.72K |
| Heavitree Brewery A (HVTA) | $8.33 Million | 13.60% | 1.17x | $86.16K |
| J D Wetherspoon PLC (JDW) | $79.24 Million | 11.31% | 0.82x | $9.98 Million |
About Marston’s PLC
Marston's PLC engages in the hospitality business in the United Kingdom. Its hospitality business consists of estate of pubs comprising managed, franchised, and tenanted and leased pubs. The company is also involved in the property management, telecommunications, and insurance related businesses. Marston's PLC was formerly known as The Wolverhampton & Dudley Breweries PLC and changed its name to … Read more