Personal Assets Trust plc (PNL) - Net Assets
Based on the latest financial reports, Personal Assets Trust plc (PNL) has net assets worth GBX1.69 Billion GBX (≈ $205.18K USD) as of April 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.69 Billion ≈ $205.67K USD) and total liabilities (GBX4.02 Million ≈ $489.24 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 PNL capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX1.69 Billion |
| % of Total Assets | 99.76% |
| Annual Growth Rate | 12.79% |
| 5-Year Change | -7.06% |
| 10-Year Change | 115.78% |
| Growth Volatility | 14.63 |
Personal Assets Trust plc - Net Assets Trend (2000–2026)
This chart illustrates how Personal Assets Trust plc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Personal Assets Trust plc (PNL) market capitalisation.
Annual Net Assets for Personal Assets Trust plc (2000–2026)
The table below shows the annual net assets of Personal Assets Trust plc from 2000 to 2026. Also explore PNL net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-04-30 | GBX1.69 Billion ≈ $205.18K |
+3.30% |
| 2025-04-30 | GBX1.63 Billion ≈ $198.62K |
-2.09% |
| 2024-04-30 | GBX1.67 Billion ≈ $202.86K |
-11.52% |
| 2023-04-30 | GBX1.88 Billion ≈ $229.27K |
+3.86% |
| 2022-04-30 | GBX1.81 Billion ≈ $220.76K |
+20.64% |
| 2021-04-30 | GBX1.50 Billion ≈ $182.99K |
+29.54% |
| 2020-04-30 | GBX1.16 Billion ≈ $141.26K |
+19.86% |
| 2019-04-30 | GBX968.58 Million ≈ $117.85K |
+12.77% |
| 2018-04-30 | GBX858.89 Million ≈ $104.50K |
+9.90% |
| 2017-04-30 | GBX781.50 Million ≈ $95.09K |
+21.99% |
| 2016-04-30 | GBX640.62 Million ≈ $77.95K |
+5.06% |
| 2015-04-30 | GBX609.75 Million ≈ $74.19K |
+6.37% |
| 2014-04-30 | GBX573.24 Million ≈ $69.75K |
-3.37% |
| 2013-04-30 | GBX593.25 Million ≈ $72.18K |
+28.00% |
| 2012-04-30 | GBX463.47 Million ≈ $56.39K |
+49.51% |
| 2011-04-30 | GBX310.00 Million ≈ $37.72K |
+32.60% |
| 2010-04-30 | GBX233.78 Million ≈ $28.44K |
+36.61% |
| 2009-04-30 | GBX171.13 Million ≈ $20.82K |
-9.29% |
| 2008-04-30 | GBX188.66 Million ≈ $22.95K |
-1.95% |
| 2007-04-30 | GBX192.42 Million ≈ $23.41K |
+1.62% |
| 2006-04-30 | GBX189.35 Million ≈ $23.04K |
+25.40% |
| 2005-04-30 | GBX151.00 Million ≈ $18.37K |
+16.30% |
| 2004-04-30 | GBX129.83 Million ≈ $15.80K |
+24.45% |
| 2003-04-30 | GBX104.32 Million ≈ $12.69K |
+12.87% |
| 2002-04-30 | GBX92.43 Million ≈ $11.25K |
+18.50% |
| 2001-04-30 | GBX78.00 Million ≈ $9.49K |
+5.76% |
| 2000-04-30 | GBX73.75 Million ≈ $8.97K |
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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 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX49.10 Million | 2.91% |
| Other Components | GBX1.64 Billion | 97.09% |
| Total Equity | GBX1.69 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 |
|---|---|
|
SPARK VC S.A. ZY 10
F:8N2
|
$20.35 Million |
|
Diagnos Laboratorium Utama PT Tbk
JK:DGNS
|
$20.36 Million |
|
Bio-View Ltd
TA:BIOV
|
$20.36 Million |
|
Agricore CS Holdings Berhad
KLSE:0309
|
$20.37 Million |
|
TMD Energy Limited
NYSE MKT:TMDE
|
$20.34 Million |
|
KineMaster Corporation
KQ:139670
|
$20.33 Million |
|
Promimic AB
ST:PRO
|
$20.33 Million |
|
NV Gold Corp
V:NVX
|
$20.33 Million |
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 2025 to 2026, total equity changed from 1,632,404,000 to 1,686,316,000, a change of 53,912,000 (3.3%).
- Net income of 101,741,000 contributed positively to equity growth.
- Dividend payments of 22,612,000 reduced retained earnings.
- New share issuances of 32,112,000 increased equity.
- Other factors decreased equity by 57,329,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX101.74 Million | +6.03% |
| Dividends Paid | GBX22.61 Million | -1.34% |
| Share Issuances | GBX32.11 Million | +1.9% |
| Other Changes | GBX-57.33 Million | -3.4% |
| Total Change | GBX- | 3.30% |
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: 100.87x
- 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 291.48x to 100.87x 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 | GBX1.86 | GBX543.00 | x |
| 2004-04-30 | GBX2.10 | GBX543.00 | x |
| 2005-04-30 | GBX2.29 | GBX543.00 | x |
| 2006-04-30 | GBX2.63 | GBX543.00 | x |
| 2007-04-30 | GBX2.61 | GBX543.00 | x |
| 2008-04-30 | GBX2.61 | GBX543.00 | x |
| 2009-04-30 | GBX2.35 | GBX543.00 | x |
| 2010-04-30 | GBX3.00 | GBX543.00 | x |
| 2011-04-30 | GBX3.52 | GBX543.00 | x |
| 2012-04-30 | GBX3.96 | GBX543.00 | x |
| 2013-04-30 | GBX3.83 | GBX543.00 | x |
| 2014-04-30 | GBX3.32 | GBX543.00 | x |
| 2015-04-30 | GBX3.51 | GBX543.00 | x |
| 2016-04-30 | GBX3.71 | GBX543.00 | x |
| 2017-04-30 | GBX4.24 | GBX543.00 | x |
| 2018-04-30 | GBX4.08 | GBX543.00 | x |
| 2019-04-30 | GBX4.21 | GBX543.00 | x |
| 2020-04-30 | GBX4.43 | GBX543.00 | x |
| 2021-04-30 | GBX3.09 | GBX543.00 | x |
| 2022-04-30 | GBX5.25 | GBX543.00 | x |
| 2023-04-30 | GBX4.88 | GBX543.00 | x |
| 2024-04-30 | GBX4.53 | GBX543.00 | x |
| 2025-04-30 | GBX4.91 | GBX543.00 | x |
| 2026-04-30 | GBX5.38 | GBX543.00 | 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): 6.03%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 96.75%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.00x
- Recent ROE (6.03%) is above the historical average (5.36%), 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 | GBX2.18 Million |
| 2005 | 6.24% | 85.12% | 0.07x | 1.01x | GBX-5.68 Million |
| 2006 | 14.60% | 93.42% | 0.16x | 1.00x | GBX8.71 Million |
| 2007 | 4.83% | 81.18% | 0.06x | 1.00x | GBX-9.95 Million |
| 2008 | -1.07% | -1710.17% | 0.00x | 1.03x | GBX-20.88 Million |
| 2009 | -9.83% | 0.00% | -0.09x | 1.00x | GBX-33.94 Million |
| 2010 | 20.60% | 94.78% | 0.22x | 1.01x | GBX24.79 Million |
| 2011 | 9.50% | 90.72% | 0.10x | 1.00x | GBX-1.56 Million |
| 2012 | 6.02% | 86.84% | 0.07x | 1.00x | GBX-18.44 Million |
| 2013 | 5.31% | 84.80% | 0.06x | 1.00x | GBX-27.80 Million |
| 2014 | -3.84% | 0.00% | -0.03x | 1.03x | GBX-79.36 Million |
| 2015 | 6.11% | 85.94% | 0.07x | 1.01x | GBX-23.73 Million |
| 2016 | 6.02% | 85.88% | 0.07x | 1.00x | GBX-25.51 Million |
| 2017 | 8.36% | 89.66% | 0.09x | 1.00x | GBX-12.80 Million |
| 2018 | -1.55% | 0.00% | -0.01x | 1.01x | GBX-99.23 Million |
| 2019 | 5.26% | 84.77% | 0.06x | 1.00x | GBX-45.89 Million |
| 2020 | 5.64% | 86.15% | 0.07x | 1.00x | GBX-50.67 Million |
| 2021 | 8.65% | 92.69% | 0.09x | 1.00x | GBX-20.27 Million |
| 2022 | 5.84% | 88.40% | 0.06x | 1.02x | GBX-75.41 Million |
| 2023 | -0.76% | -373.59% | 0.00x | 1.00x | GBX-202.72 Million |
| 2024 | 2.65% | 83.61% | 0.03x | 1.01x | GBX-122.47 Million |
| 2025 | 7.04% | 93.37% | 0.07x | 1.02x | GBX-48.32 Million |
| 2026 | 6.03% | 96.75% | 0.06x | 1.00x | GBX-66.89 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: $971,344,300
- Average return on equity (ROE) among peers: 2.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Personal Assets Trust plc (PNL) | GBX1.69 Billion | 11.62% | 0.00x | $20.34 Million |
| 3I Infrastructure PLC (3IN) | $1.25 Billion | 6.43% | 0.14x | $44.16 Million |
| Albion Enterprise VCT PLC (AAEV) | $278.53 Million | 5.11% | 0.01x | $3.20 Million |
| abrdn Asian Income Fund Limited (AAIF) | $329.43 Million | -11.14% | 0.12x | $5.50 Million |
| Abrdn Asia Focus PLC (AAS) | $46.34 Million | 0.00% | 0.14x | $7.56 Million |
| Albion Technology & General VCT PLC (AATG) | $78.03 Million | -0.40% | 0.01x | $3.15 Million |
| Abrdn PLC (ABDN) | $6.67 Billion | 3.99% | 0.71x | $52.13 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $413.68 Million | 2.10% | 0.15x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $95.23 Million | 0.14% | 0.02x | $247.72K |
| Aquila European Renewables Income PLC (AERI) | $316.90 Million | -0.37% | 0.13x | $64.28 Million |
| Artemis UK Future Leaders plc (AFL) | $241.60 Million | 17.22% | 0.01x | $439.05 |
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.