Personal Assets Trust plc (PNL) - Net Assets
Based on the latest financial reports, Personal Assets Trust plc (PNL) has net assets worth £1.68 Billion GBP (≈ $2.26 Billion USD) as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (£1.68 Billion ≈ $2.26 Billion USD) and total liabilities (£0.00 ≈ $0.00 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 tangible equity quality of Personal Assets Trust plc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | £1.68 Billion |
| % of Total Assets | 100.0% |
| Annual Growth Rate | 13.19% |
| 5-Year Change | 8.54% |
| 10-Year Change | 154.81% |
| Growth Volatility | 14.77 |
Personal Assets Trust plc - Net Assets Trend (2000–2025)
This chart illustrates how Personal Assets Trust plc's net assets have evolved over time, based on quarterly financial data. See Personal Assets Trust plc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Personal Assets Trust plc (2000–2025)
The table below shows the annual net assets of Personal Assets Trust plc from 2000 to 2025. For live valuation and market cap data, see Personal Assets Trust plc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | £1.63 Billion ≈ $2.19 Billion |
-2.09% |
| 2024-04-30 | £1.67 Billion ≈ $2.24 Billion |
-11.52% |
| 2023-04-30 | £1.88 Billion ≈ $2.53 Billion |
+3.86% |
| 2022-04-30 | £1.81 Billion ≈ $2.44 Billion |
+20.64% |
| 2021-04-30 | £1.50 Billion ≈ $2.02 Billion |
+29.54% |
| 2020-04-30 | £1.16 Billion ≈ $1.56 Billion |
+19.86% |
| 2019-04-30 | £968.58 Million ≈ $1.30 Billion |
+12.77% |
| 2018-04-30 | £858.89 Million ≈ $1.15 Billion |
+9.90% |
| 2017-04-30 | £781.50 Million ≈ $1.05 Billion |
+21.99% |
| 2016-04-30 | £640.62 Million ≈ $860.30 Million |
+5.06% |
| 2015-04-30 | £609.75 Million ≈ $818.83 Million |
+6.37% |
| 2014-04-30 | £573.24 Million ≈ $769.81 Million |
-3.37% |
| 2013-04-30 | £593.25 Million ≈ $796.67 Million |
+28.00% |
| 2012-04-30 | £463.47 Million ≈ $622.40 Million |
+49.51% |
| 2011-04-30 | £310.00 Million ≈ $416.30 Million |
+32.60% |
| 2010-04-30 | £233.78 Million ≈ $313.95 Million |
+36.61% |
| 2009-04-30 | £171.13 Million ≈ $229.81 Million |
-9.29% |
| 2008-04-30 | £188.66 Million ≈ $253.36 Million |
-1.95% |
| 2007-04-30 | £192.42 Million ≈ $258.40 Million |
+1.62% |
| 2006-04-30 | £189.35 Million ≈ $254.28 Million |
+25.40% |
| 2005-04-30 | £151.00 Million ≈ $202.78 Million |
+16.30% |
| 2004-04-30 | £129.83 Million ≈ $174.35 Million |
+24.45% |
| 2003-04-30 | £104.32 Million ≈ $140.10 Million |
+12.87% |
| 2002-04-30 | £92.43 Million ≈ $124.13 Million |
+18.50% |
| 2001-04-30 | £78.00 Million ≈ $104.75 Million |
+5.76% |
| 2000-04-30 | £73.75 Million ≈ $99.04 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Personal Assets Trust 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | £49.10 Million | 3.01% |
| Other Components | £1.58 Billion | 96.99% |
| Total Equity | £1.63 Billion | 100.00% |
Personal Assets Trust plc Competitors by Market Cap
The table below lists competitors of Personal Assets Trust plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Century Communities Inc
NYSE:CCS
|
$1.67 Billion |
|
Sila Realty Trust, Inc.
NYSE:SILA
|
$1.67 Billion |
|
Shenzhen MeiG Smart Technology Co Ltd
SHE:002881
|
$1.67 Billion |
|
RLX Technology Inc
NYSE:RLX
|
$1.67 Billion |
|
Shenzhen Bromake New Material Co. Ltd. A
SHE:301387
|
$1.67 Billion |
|
Three's Company Media Group Co Ltd
SHG:605168
|
$1.67 Billion |
|
Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd
SHG:600116
|
$1.67 Billion |
|
Neinor Homes SLU
MC:HOME
|
$1.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Personal Assets Trust plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,667,281,000 to 1,632,404,000, a change of -34,877,000 (-2.1%).
- Net income of 114,918,000 contributed positively to equity growth.
- Dividend payments of 23,712,000 reduced retained earnings.
- New share issuances of 3,096,000 increased equity.
- Other comprehensive income decreased equity by 1,372,364,000.
- Other factors increased equity by 1,243,185,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | £114.92 Million | +7.04% |
| Dividends Paid | £23.71 Million | -1.45% |
| Share Issuances | £3.10 Million | +0.19% |
| Other Comprehensive Income | £-1.37 Billion | -84.07% |
| Other Changes | £1.24 Billion | +76.16% |
| Total Change | £- | -2.09% |
Book Value vs Market Value Analysis
This analysis compares Personal Assets Trust 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: 109.19x
- 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 287.72x to 109.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-04-30 | £1.86 | £536.00 | x |
| 2004-04-30 | £2.10 | £536.00 | x |
| 2005-04-30 | £2.29 | £536.00 | x |
| 2006-04-30 | £2.63 | £536.00 | x |
| 2007-04-30 | £2.61 | £536.00 | x |
| 2008-04-30 | £2.61 | £536.00 | x |
| 2009-04-30 | £2.35 | £536.00 | x |
| 2010-04-30 | £3.00 | £536.00 | x |
| 2011-04-30 | £3.52 | £536.00 | x |
| 2012-04-30 | £3.96 | £536.00 | x |
| 2013-04-30 | £3.83 | £536.00 | x |
| 2014-04-30 | £3.32 | £536.00 | x |
| 2015-04-30 | £3.51 | £536.00 | x |
| 2016-04-30 | £3.71 | £536.00 | x |
| 2017-04-30 | £4.24 | £536.00 | x |
| 2018-04-30 | £4.08 | £536.00 | x |
| 2019-04-30 | £4.21 | £536.00 | x |
| 2020-04-30 | £4.43 | £536.00 | x |
| 2021-04-30 | £3.09 | £536.00 | x |
| 2022-04-30 | £5.25 | £536.00 | x |
| 2023-04-30 | £4.88 | £536.00 | x |
| 2024-04-30 | £4.53 | £536.00 | x |
| 2025-04-30 | £4.91 | £536.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Personal Assets Trust 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): 7.04%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 93.37%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.02x
- Recent ROE (7.04%) is above the historical average (5.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 11.62% | 91.40% | 0.13x | 1.00x | £2.18 Million |
| 2005 | 6.24% | 85.12% | 0.07x | 1.01x | £-5.68 Million |
| 2006 | 14.60% | 93.42% | 0.16x | 1.00x | £8.71 Million |
| 2007 | 4.83% | 81.18% | 0.06x | 1.00x | £-9.95 Million |
| 2008 | -1.07% | -1710.17% | 0.00x | 1.03x | £-20.88 Million |
| 2009 | -9.83% | 0.00% | -0.09x | 1.00x | £-33.94 Million |
| 2010 | 20.60% | 94.78% | 0.22x | 1.01x | £24.79 Million |
| 2011 | 9.50% | 90.72% | 0.10x | 1.00x | £-1.56 Million |
| 2012 | 6.02% | 86.84% | 0.07x | 1.00x | £-18.44 Million |
| 2013 | 5.31% | 84.80% | 0.06x | 1.00x | £-27.80 Million |
| 2014 | -3.84% | 0.00% | -0.03x | 1.03x | £-79.36 Million |
| 2015 | 6.11% | 85.94% | 0.07x | 1.01x | £-23.73 Million |
| 2016 | 6.02% | 85.88% | 0.07x | 1.00x | £-25.51 Million |
| 2017 | 8.36% | 89.66% | 0.09x | 1.00x | £-12.80 Million |
| 2018 | -1.55% | 0.00% | -0.01x | 1.01x | £-99.23 Million |
| 2019 | 5.26% | 84.77% | 0.06x | 1.00x | £-45.89 Million |
| 2020 | 5.64% | 86.15% | 0.07x | 1.00x | £-50.67 Million |
| 2021 | 8.65% | 92.69% | 0.09x | 1.00x | £-20.27 Million |
| 2022 | 5.84% | 88.40% | 0.06x | 1.02x | £-75.41 Million |
| 2023 | -0.76% | -373.59% | 0.00x | 1.00x | £-202.72 Million |
| 2024 | 2.65% | 83.61% | 0.03x | 1.01x | £-122.47 Million |
| 2025 | 7.04% | 93.37% | 0.07x | 1.02x | £-48.32 Million |
Industry Comparison
This section compares Personal Assets Trust plc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $657,704,100
- Average return on equity (ROE) among peers: 5.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Personal Assets Trust plc (PNL) | £1.68 Billion | 11.62% | 0.00x | $1.67 Billion |
| 3I Infrastructure PLC (3IN) | $1.25 Billion | 6.43% | 0.14x | $41.69 Million |
| Albion Enterprise VCT PLC (AAEV) | $140.65 Million | 2.37% | 0.01x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $154.40 Million | 26.46% | 0.07x | $5.95 Million |
| Abrdn Asia Focus PLC (AAS) | $121.96 Million | 12.34% | 0.07x | $7.74 Million |
| Albion Technology & General VCT PLC (AATG) | $121.25 Million | -5.20% | 0.01x | $3.15 Million |
| Abrdn PLC (ABDN) | $3.74 Billion | 2.67% | 35.62x | $50.56 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $428.13 Million | 2.15% | 0.15x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $247.72K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $56.72 Million |
| Artemis UK Future Leaders plc (AFL) | $152.03 Million | 18.55% | 0.02x | $404.11 |
About Personal Assets Trust plc
Personal Assets Trust plc is a closed ended multi asset mutual fund launched and managed by Troy Asset Management Limited. The fund invests in public equity and fixed income markets across the globe. It benchmarks its performance against the FTSE All-Share Index. Personal Assets Trust plc was launched in 1983, and is domiciled in United Kingdom.