Grupo Carso S.A.B. de C.V (GCARSOA1) - Net Assets

Latest as of March 2026: MX$157.64 Billion MXN ≈ $9.07 Billion USD

Based on the latest financial reports, Grupo Carso S.A.B. de C.V (GCARSOA1) has net assets worth MX$157.64 Billion MXN (≈ $9.07 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$252.91 Billion ≈ $14.56 Billion USD) and total liabilities (MX$95.27 Billion ≈ $5.48 Billion 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 GCARSOA1 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	MX$157.64 Billion
% of Total Assets	62.33%
Annual Growth Rate	6.74%
5-Year Change	45.83%
10-Year Change	132.4%
Growth Volatility	15.96

Grupo Carso S.A.B. de C.V - Net Assets Trend (2000–2025)

This chart illustrates how Grupo Carso S.A.B. de C.V's net assets have evolved over time, based on quarterly financial data. See Grupo Carso S.A.B. de C.V (GCARSOA1) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Grupo Carso S.A.B. de C.V (2000–2025)

The table below shows the annual net assets of Grupo Carso S.A.B. de C.V from 2000 to 2025. For live valuation and market cap data, see market value of Grupo Carso S.A.B. de C.V.

Year	Net Assets	Change
2025-12-31	MX$166.35 Billion ≈ $9.57 Billion	+3.23%
2024-12-31	MX$161.15 Billion ≈ $9.27 Billion	+11.79%
2023-12-31	MX$144.16 Billion ≈ $8.30 Billion	+6.90%
2022-12-31	MX$134.85 Billion ≈ $7.76 Billion	+18.22%
2021-12-31	MX$114.07 Billion ≈ $6.57 Billion	+13.26%
2020-12-31	MX$100.71 Billion ≈ $5.80 Billion	+6.41%
2019-12-31	MX$94.64 Billion ≈ $5.45 Billion	+1.57%
2018-12-31	MX$93.18 Billion ≈ $5.36 Billion	+15.13%
2017-12-31	MX$80.93 Billion ≈ $4.66 Billion	+13.06%
2016-12-31	MX$71.58 Billion ≈ $4.12 Billion	+12.20%
2015-12-31	MX$63.79 Billion ≈ $3.67 Billion	+4.26%
2014-12-31	MX$61.19 Billion ≈ $3.52 Billion	+8.02%
2013-12-31	MX$56.64 Billion ≈ $3.26 Billion	+35.24%
2012-12-31	MX$41.88 Billion ≈ $2.41 Billion	-0.92%
2011-12-31	MX$42.27 Billion ≈ $2.43 Billion	+9.46%
2010-12-31	MX$38.62 Billion ≈ $2.22 Billion	-35.31%
2009-12-31	MX$59.70 Billion ≈ $3.44 Billion	+9.94%
2008-12-31	MX$54.30 Billion ≈ $3.12 Billion	-16.75%
2007-12-31	MX$65.23 Billion ≈ $3.75 Billion	+39.88%
2006-12-31	MX$46.63 Billion ≈ $2.68 Billion	+0.25%
2005-12-31	MX$46.51 Billion ≈ $2.68 Billion	+28.37%
2004-12-31	MX$36.23 Billion ≈ $2.09 Billion	+21.51%
2003-12-31	MX$29.82 Billion ≈ $1.72 Billion	+8.48%
2002-12-31	MX$27.49 Billion ≈ $1.58 Billion	+11.42%
2001-12-31	MX$24.67 Billion ≈ $1.42 Billion	-24.28%
2000-12-31	MX$32.58 Billion ≈ $1.88 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Grupo Carso S.A.B. de C.V'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 213.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	MX$131.28 Billion	90.55%
Other Components	MX$13.69 Billion	9.45%
Total Equity	MX$144.97 Billion	100.00%

Grupo Carso S.A.B. de C.V Competitors by Market Cap

The table below lists competitors of Grupo Carso S.A.B. de C.V ranked by their market capitalization.

Company	Market Cap
Amcor PLC NYSE:AMCR	$17.50 Billion
KUBOTA CORP. ADR/20 F:KUOA	$17.55 Billion
CELLN.TELEC.UNSP.ADR/1/2 F:4720	$17.56 Billion
STMicroelectronics N.V F:SGM	$17.57 Billion
International Paper NYSE:IP	$17.49 Billion
KON. KPN NV ADR/1 O.N. F:KPNB	$17.44 Billion
Santander Bank Polska S.A. WAR:SPL	$17.44 Billion
BSE Limited NSE:BSE	$17.42 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Grupo Carso S.A.B. de C.V's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 141,415,004,000 to 144,972,379,000, a change of 3,557,375,000 (2.5%).
Net income of 8,774,585,000 contributed positively to equity growth.
Dividend payments of 5,072,997,000 reduced retained earnings.
Share repurchases of 224,854,000 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	MX$8.77 Billion	+6.05%
Dividends Paid	MX$5.07 Billion	-3.5%
Share Repurchases	MX$224.85 Million	-0.16%
Other Changes	MX$80.64 Million	+0.06%
Total Change	MX$-	2.52%

Book Value vs Market Value Analysis

This analysis compares Grupo Carso S.A.B. de C.V'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: 2.10x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 4.24x to 2.10x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	MX$31.85	MX$134.98	x
2018-12-31	MX$37.11	MX$134.98	x
2019-12-31	MX$37.86	MX$134.98	x
2020-12-31	MX$40.85	MX$134.98	x
2021-12-31	MX$46.44	MX$134.98	x
2022-12-31	MX$53.75	MX$134.98	x
2023-12-31	MX$56.91	MX$134.98	x
2024-12-31	MX$62.70	MX$134.98	x
2025-12-31	MX$64.33	MX$134.98	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Grupo Carso S.A.B. de C.V 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): 6.05%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.58%
• Asset Turnover: 0.72x
• Equity Multiplier: 1.84x
Recent ROE (6.05%) is below the historical average (14.54%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	11.24%	2.92%	1.05x	3.67x	MX$287.13 Million
2001	12.50%	4.84%	0.80x	3.25x	MX$496.98 Million
2003	8.33%	3.47%	0.86x	2.79x	MX$-395.63 Million
2004	23.14%	9.62%	0.91x	2.63x	MX$3.81 Billion
2005	22.92%	11.02%	0.93x	2.23x	MX$4.85 Billion
2006	19.96%	8.38%	1.02x	2.34x	MX$3.86 Billion
2007	34.02%	25.96%	0.74x	1.78x	MX$13.74 Billion
2008	14.28%	8.71%	0.82x	1.99x	MX$1.96 Billion
2009	12.59%	9.68%	0.68x	1.92x	MX$1.31 Billion
2010	14.07%	6.92%	0.79x	2.57x	MX$1.29 Billion
2011	12.60%	5.96%	1.02x	2.07x	MX$908.74 Million
2012	19.72%	9.07%	1.10x	1.99x	MX$3.76 Billion
2013	28.48%	16.22%	1.00x	1.76x	MX$9.04 Billion
2014	10.75%	6.90%	0.90x	1.73x	MX$396.53 Million
2015	11.24%	7.02%	0.94x	1.71x	MX$684.92 Million
2016	15.01%	10.47%	0.83x	1.73x	MX$3.18 Billion
2017	13.81%	11.29%	0.75x	1.64x	MX$2.77 Billion
2018	10.64%	9.87%	0.66x	1.63x	MX$541.01 Million
2019	8.74%	7.80%	0.64x	1.74x	MX$-1.08 Billion
2020	6.18%	6.38%	0.53x	1.84x	MX$-3.53 Billion
2021	10.74%	9.06%	0.67x	1.77x	MX$780.63 Million
2022	15.77%	10.50%	0.76x	1.98x	MX$6.97 Billion
2023	10.52%	6.99%	0.77x	1.95x	MX$673.73 Million
2024	10.22%	7.30%	0.70x	1.99x	MX$315.47 Million
2025	6.05%	4.58%	0.72x	1.84x	MX$-5.72 Billion

Industry Comparison

This section compares Grupo Carso S.A.B. de C.V's net assets metrics with peer companies in the Conglomerates industry.

No peer company data available for comparison.

About Grupo Carso S.A.B. de C.V

MX:GCARSOA1 Mexico Conglomerates

Market Cap

$17.50 Billion

MX$304.10 Billion MXN

Market Cap Rank

#1444 Global

#31 in Mexico

Share Price

MX$134.98

Change (1 day)

+0.00%

52-Week Range

MX$114.82 - MX$155.13

All Time High

MX$188.14