Rathbone Brothers PLC (RAT) - Net Assets

Latest as of December 2025: GBX1.35 Billion GBX ≈ $164.50K USD

Based on the latest financial reports, Rathbone Brothers PLC (RAT) has net assets worth GBX1.35 Billion GBX (≈ $164.50K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX5.22 Billion ≈ $634.78K USD) and total liabilities (GBX3.87 Billion ≈ $470.28K 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 Rathbone Brothers PLC strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX1.35 Billion
% of Total Assets	25.91%
Annual Growth Rate	13.4%
5-Year Change	116.92%
10-Year Change	316.24%
Growth Volatility	115.79

Rathbone Brothers PLC - Net Assets Trend (1999–2025)

This chart illustrates how Rathbone Brothers PLC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Rathbone Brothers PLC worth.

Annual Net Assets for Rathbone Brothers PLC (1999–2025)

The table below shows the annual net assets of Rathbone Brothers PLC from 1999 to 2025. Also explore RAT net assets growth trend to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	GBX1.35 Billion ≈ $164.50K	-0.54%
2024-12-31	GBX1.36 Billion ≈ $165.40K	+0.68%
2023-12-31	GBX1.35 Billion ≈ $164.28K	+112.69%
2022-12-31	GBX634.83 Million ≈ $77.24K	+1.85%
2021-12-31	GBX623.28 Million ≈ $75.84K	+21.30%
2020-12-31	GBX513.83 Million ≈ $62.52K	+5.86%
2019-12-31	GBX485.39 Million ≈ $59.06K	+4.58%
2018-12-31	GBX464.14 Million ≈ $56.47K	+27.76%
2017-12-31	GBX363.28 Million ≈ $44.20K	+11.84%
2016-12-31	GBX324.81 Million ≈ $39.52K	+8.20%
2015-12-31	GBX300.19 Million ≈ $36.52K	+10.66%
2014-12-31	GBX271.27 Million ≈ $33.01K	-2.25%
2013-12-31	GBX277.52 Million ≈ $33.77K	-75.19%
2012-12-31	GBX1.12 Billion ≈ $136.10K	-4.45%
2011-12-31	GBX1.17 Billion ≈ $142.44K	+15.12%
2010-12-31	GBX1.02 Billion ≈ $123.73K	-1.41%
2009-12-31	GBX1.03 Billion ≈ $125.50K	-20.79%
2008-12-31	GBX1.30 Billion ≈ $158.43K	+7.04%
2007-12-31	GBX1.22 Billion ≈ $148.02K	+34.75%
2006-12-31	GBX902.83 Million ≈ $109.85K	+29.69%
2005-12-31	GBX696.13 Million ≈ $84.70K	+15.05%
2004-12-31	GBX605.07 Million ≈ $73.62K	+17.66%
2003-12-31	GBX514.27 Million ≈ $62.57K	-4.22%
2002-12-31	GBX536.91 Million ≈ $65.33K	+593.26%
2001-12-31	GBX77.45 Million ≈ $9.42K	+9.58%
2000-12-31	GBX70.68 Million ≈ $8.60K	+37.40%
1999-12-31	GBX51.44 Million ≈ $6.26K	--

Equity Component Analysis

This analysis shows how different components contribute to Rathbone Brothers 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 140290000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	GBX1.40 Billion	103.76%
Common Stock	GBX5.40 Million	0.40%
Other Comprehensive Income	GBX100.00K	0.01%
Total Equity	GBX1.35 Billion	100.00%

Rathbone Brothers PLC Competitors by Market Cap

The table below lists competitors of Rathbone Brothers PLC ranked by their market capitalization.

Company	Market Cap
Greenland Acquisition Corp NASDAQ:GTEC	$16.57 Million
Century Extrusions Limited NSE:CENTEXT	$16.58 Million
Artego Tg. Jiu RO:ARTE	$16.58 Million
Rubberex Corporation M Bhd KLSE:7803	$16.60 Million
Great Western Mining Corp Plc IR:8GW	$16.57 Million
Imugene Ltd AU:IMU	$16.56 Million
Bakrie Sumatera Plantations JK:UNSP	$16.56 Million
Aberforth Smaller Companies Trust PLC LSE:ASL	$16.56 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,359,400,000 to 1,352,000,000, a change of -7,400,000 (-0.5%).
Net income of 112,300,000 contributed positively to equity growth.
Dividend payments of 98,400,000 reduced retained earnings.
Share repurchases of 55,000,000 reduced equity.
New share issuances of 6,900,000 increased equity.
Other comprehensive income decreased equity by 824,300,000.
Other factors increased equity by 851,100,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	GBX112.30 Million	+8.31%
Dividends Paid	GBX98.40 Million	-7.28%
Share Repurchases	GBX55.00 Million	-4.07%
Share Issuances	GBX6.90 Million	+0.51%
Other Comprehensive Income	GBX-824.30 Million	-60.97%
Other Changes	GBX851.10 Million	+62.95%
Total Change	GBX-	-0.54%

Book Value vs Market Value Analysis

This analysis compares Rathbone Brothers 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: 126.69x
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 1096.96x to 126.69x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1999-12-31	GBX1.45	GBX1596.00	x
2000-12-31	GBX1.94	GBX1596.00	x
2001-12-31	GBX2.13	GBX1596.00	x
2002-12-31	GBX2.63	GBX1596.00	x
2003-12-31	GBX2.64	GBX1596.00	x
2004-12-31	GBX2.83	GBX1596.00	x
2005-12-31	GBX3.11	GBX1596.00	x
2006-12-31	GBX3.70	GBX1596.00	x
2007-12-31	GBX4.27	GBX1596.00	x
2008-12-31	GBX4.28	GBX1596.00	x
2009-12-31	GBX4.23	GBX1596.00	x
2010-12-31	GBX4.24	GBX1596.00	x
2011-12-31	GBX4.35	GBX1596.00	x
2012-12-31	GBX5.22	GBX1596.00	x
2013-12-31	GBX5.46	GBX1596.00	x
2014-12-31	GBX5.73	GBX1596.00	x
2015-12-31	GBX6.25	GBX1596.00	x
2016-12-31	GBX6.66	GBX1596.00	x
2017-12-31	GBX7.13	GBX1596.00	x
2018-12-31	GBX8.66	GBX1596.00	x
2019-12-31	GBX8.79	GBX1596.00	x
2020-12-31	GBX9.18	GBX1596.00	x
2021-12-31	GBX10.71	GBX1596.00	x
2022-12-31	GBX10.57	GBX1596.00	x
2023-12-31	GBX18.28	GBX1596.00	x
2024-12-31	GBX12.56	GBX1596.00	x
2025-12-31	GBX12.60	GBX1596.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Rathbone Brothers 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): 8.31%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.85%
• Asset Turnover: 0.20x
• Equity Multiplier: 3.86x
Recent ROE (8.31%) is below the historical average (12.89%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1999	30.19%	0.00%	0.00x	4.92x	GBX10.39 Million
2000	23.87%	19.07%	0.22x	5.74x	GBX9.81 Million
2001	15.68%	12.81%	0.18x	6.74x	GBX4.40 Million
2002	9.07%	11.43%	0.15x	5.40x	GBX-929.00K
2003	9.03%	11.71%	0.16x	4.86x	GBX-1.02 Million
2004	16.99%	20.89%	0.16x	5.15x	GBX8.21 Million
2005	18.92%	21.81%	0.16x	5.34x	GBX11.64 Million
2006	20.19%	24.04%	0.15x	5.73x	GBX16.22 Million
2007	20.23%	27.80%	0.11x	6.64x	GBX18.91 Million
2008	10.29%	14.49%	0.10x	7.10x	GBX536.90K
2009	10.76%	16.81%	0.11x	5.68x	GBX1.38 Million
2010	11.63%	16.95%	0.12x	5.55x	GBX3.01 Million
2011	15.06%	19.87%	0.12x	6.21x	GBX9.64 Million
2012	12.73%	18.78%	0.14x	4.96x	GBX6.27 Million
2013	13.85%	19.71%	0.14x	4.90x	GBX9.65 Million
2014	13.14%	17.18%	0.12x	6.15x	GBX8.51 Million
2015	15.45%	19.44%	0.13x	6.11x	GBX16.35 Million
2016	11.75%	15.18%	0.10x	7.40x	GBX5.68 Million
2017	12.89%	16.06%	0.11x	7.54x	GBX10.50 Million
2018	9.95%	13.64%	0.12x	6.18x	GBX-245.00K
2019	5.55%	7.02%	0.11x	7.02x	GBX-21.62 Million
2020	5.19%	6.71%	0.12x	6.58x	GBX-24.73 Million
2021	12.07%	16.05%	0.14x	5.28x	GBX12.90 Million
2022	7.72%	10.75%	0.13x	5.47x	GBX-14.50 Million
2023	2.78%	5.55%	0.16x	3.13x	GBX-97.52 Million
2024	4.82%	7.31%	0.21x	3.16x	GBX-70.44 Million
2025	8.31%	10.85%	0.20x	3.86x	GBX-22.90 Million

Industry Comparison

This section compares Rathbone Brothers 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
Rathbone Brothers PLC (RAT)	GBX1.35 Billion	30.19%	2.86x	$16.57 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 Rathbone Brothers PLC

LSE:RAT UK Asset Management

Market Cap

$16.57 Million

GBX136.20 Billion GBX

Market Cap Rank

#25786 Global

#286 in UK

Share Price

GBX1596.00

Change (1 day)

-1.12%

52-Week Range

GBX1582.00 - GBX2265.00

All Time High

GBX2265.00