Northern Bear Plc (NTBR) - Net Assets

Latest as of March 2026: GBX26.02 Million GBX ≈ $3.17K USD

Based on the latest financial reports, Northern Bear Plc (NTBR) has net assets worth GBX26.02 Million GBX (≈ $3.17K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX44.65 Million ≈ $5.43K USD) and total liabilities (GBX18.63 Million ≈ $2.27K 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 Northern Bear Plc strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX26.02 Million
% of Total Assets	58.28%
Annual Growth Rate	5.38%
5-Year Change	24.06%
10-Year Change	32.15%
Growth Volatility	20.46

Northern Bear Plc - Net Assets Trend (2007–2026)

This chart illustrates how Northern Bear Plc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see NTBR market cap overview.

Annual Net Assets for Northern Bear Plc (2007–2026)

The table below shows the annual net assets of Northern Bear Plc from 2007 to 2026. Also explore Northern Bear Plc equity growth rate to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	GBX26.02 Million ≈ $3.17K	+16.62%
2025-03-31	GBX22.31 Million ≈ $2.71K	+10.12%
2024-03-31	GBX20.26 Million ≈ $2.47K	-10.21%
2023-03-31	GBX22.57 Million ≈ $2.75K	+7.59%
2022-03-31	GBX20.98 Million ≈ $2.55K	-5.88%
2021-03-31	GBX22.29 Million ≈ $2.71K	-7.45%
2020-03-31	GBX24.08 Million ≈ $2.93K	+3.58%
2019-03-31	GBX23.25 Million ≈ $2.83K	+8.74%
2018-03-31	GBX21.38 Million ≈ $2.60K	+8.56%
2017-03-31	GBX19.69 Million ≈ $2.40K	-11.54%
2016-03-31	GBX22.26 Million ≈ $2.71K	+5.72%
2015-03-31	GBX21.06 Million ≈ $2.56K	+7.06%
2014-03-31	GBX19.67 Million ≈ $2.39K	+7.29%
2013-03-31	GBX18.33 Million ≈ $2.23K	+2.64%
2012-03-31	GBX17.86 Million ≈ $2.17K	+3.25%
2011-03-31	GBX17.30 Million ≈ $2.10K	-13.39%
2010-03-31	GBX19.97 Million ≈ $2.43K	-6.12%
2009-03-31	GBX21.27 Million ≈ $2.59K	+19.81%
2008-03-31	GBX17.76 Million ≈ $2.16K	+84.66%
2007-03-31	GBX9.62 Million ≈ $1.17K	--

Equity Component Analysis

This analysis shows how different components contribute to Northern Bear 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 44795.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	GBX20.65 Million	79.36%
Common Stock	GBX190.00K	0.73%
Other Comprehensive Income	GBX6.00K	0.02%
Other Components	GBX5.17 Million	19.88%
Total Equity	GBX26.02 Million	100.00%

Northern Bear Plc Competitors by Market Cap

The table below lists competitors of Northern Bear Plc ranked by their market capitalization.

Company	Market Cap
Roquefort Investments PLC LSE:ROQ	$184.27K
Oxurion NV BR:OXUR	$186.64K
Altitude Group Plc LSE:ALT	$186.96K
Adventure Box Technology AB ST:ADVBOX	$187.75K
Ratu Prabu Energi Tbk JK:ARTI	$183.76K
Trustco Group Holdings JSE:TTO	$182.74K
Sable Exploration and Mining Ltd JSE:SXM	$180.37K
iomart Group plc LSE:IOM	$179.66K

Equity Growth Attribution

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

Equity Growth Insights

From 2025 to 2026, total equity changed from 22,313,000 to 26,022,000, a change of 3,709,000 (16.6%).
Net income of 4,152,000 contributed positively to equity growth.
Dividend payments of 482,000 reduced retained earnings.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	GBX4.15 Million	+15.96%
Dividends Paid	GBX482.00K	-1.85%
Other Changes	GBX39.00K	+0.15%
Total Change	GBX-	16.62%

Book Value vs Market Value Analysis

This analysis compares Northern Bear 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: 59.99x
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 increased from 41.52x to 59.99x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-03-31	GBX2.65	GBX110.00	x
2008-03-31	GBX1.07	GBX110.00	x
2009-03-31	GBX1.13	GBX110.00	x
2010-03-31	GBX1.05	GBX110.00	x
2011-03-31	GBX0.93	GBX110.00	x
2012-03-31	GBX1.00	GBX110.00	x
2013-03-31	GBX1.02	GBX110.00	x
2014-03-31	GBX1.11	GBX110.00	x
2015-03-31	GBX1.18	GBX110.00	x
2016-03-31	GBX1.25	GBX110.00	x
2017-03-31	GBX1.10	GBX110.00	x
2018-03-31	GBX1.16	GBX110.00	x
2019-03-31	GBX1.25	GBX110.00	x
2020-03-31	GBX1.29	GBX110.00	x
2021-03-31	GBX1.19	GBX110.00	x
2022-03-31	GBX1.12	GBX110.00	x
2023-03-31	GBX1.20	GBX110.00	x
2024-03-31	GBX1.18	GBX110.00	x
2025-03-31	GBX1.62	GBX110.00	x
2026-03-31	GBX1.83	GBX110.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Northern Bear 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): 15.96%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.82%
• Asset Turnover: 1.93x
• Equity Multiplier: 1.72x
Recent ROE (15.96%) is above the historical average (5.06%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	0.19%	0.38%	0.25x	1.98x	GBX-943.60K
2008	8.77%	4.83%	0.99x	1.83x	GBX-217.70K
2009	10.21%	5.20%	1.08x	1.81x	GBX44.50K
2010	-6.81%	-4.93%	0.76x	1.81x	GBX-3.36 Million
2011	-1.25%	-0.80%	0.79x	1.99x	GBX-1.95 Million
2012	3.15%	1.55%	1.11x	1.83x	GBX-1.22 Million
2013	2.66%	1.39%	1.08x	1.77x	GBX-1.35 Million
2014	6.79%	3.63%	1.07x	1.74x	GBX-632.00K
2015	7.16%	3.61%	1.17x	1.69x	GBX-597.80K
2016	6.53%	4.19%	1.00x	1.56x	GBX-772.20K
2017	10.13%	4.38%	1.39x	1.67x	GBX24.80K
2018	9.28%	3.70%	1.47x	1.71x	GBX-153.80K
2019	11.15%	4.58%	1.53x	1.59x	GBX266.40K
2020	6.18%	2.73%	1.39x	1.63x	GBX-919.90K
2021	-8.05%	-3.65%	1.35x	1.64x	GBX-4.02 Million
2022	-6.33%	-2.17%	1.57x	1.86x	GBX-3.43 Million
2023	7.05%	2.28%	1.74x	1.78x	GBX-664.70K
2024	8.02%	2.36%	1.75x	1.94x	GBX-402.20K
2025	10.33%	2.95%	1.84x	1.91x	GBX73.70K
2026	15.96%	4.82%	1.93x	1.72x	GBX1.55 Million

Industry Comparison

This section compares Northern Bear Plc's net assets metrics with peer companies in the Building Products & Equipment industry.

Industry Context

Industry: Building Products & Equipment
Average net assets among peers: $105,242,125
Average return on equity (ROE) among peers: 18.56%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Northern Bear Plc (NTBR)	GBX26.02 Million	0.19%	0.72x	$184.17K
Eurocell PLC (ECEL)	$105.40 Million	9.96%	1.12x	$1.64 Million
Epwin Group PLC (EPWN)	$101.10 Million	8.31%	2.04x	$1.98 Million
Volution Group plc (FAN)	$153.54 Million	10.16%	0.71x	$15.81 Million
Genuit Group plc (GEN)	$237.70 Million	5.85%	0.80x	$8.18 Million
James Halstead PLC (JHD)	$10.95 Million	22.55%	1.08x	$6.61 Million
Norcros Plc (NXR)	$207.90 Million	1.68%	0.87x	$3.23 Million
Stelrad Group PLC (SRAD)	$9.39 Million	92.66%	15.57x	$2.29 Million
Titon Holdings Plc (TON)	$15.95 Million	-2.73%	0.35x	$99.23K

About Northern Bear Plc

LSE:NTBR UK Building Products & Equipment

Market Cap

$184.17K

GBX1.51 Billion GBX

Market Cap Rank

#31354 Global

#1039 in UK

Share Price

GBX110.00

Change (1 day)

+0.00%

52-Week Range

GBX93.50 - GBX152.50

All Time High

GBX152.50