Grupo Financiero Banorte S.A.B. de C.V (GFNORTEO) - Net Assets
Based on the latest financial reports, Grupo Financiero Banorte S.A.B. de C.V (GFNORTEO) has net assets worth MX$252.21 Billion MXN (≈ $14.51 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$2.60 Trillion ≈ $149.55 Billion USD) and total liabilities (MX$2.35 Trillion ≈ $135.04 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 Grupo Financiero Banorte S.A.B. de C.V (GFNORTEO) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | MX$252.21 Billion |
| % of Total Assets | 9.71% |
| Annual Growth Rate | 14.68% |
| 5-Year Change | 6.31% |
| 10-Year Change | 76.74% |
| Growth Volatility | 11.47 |
Grupo Financiero Banorte S.A.B. de C.V - Net Assets Trend (2000–2025)
This chart illustrates how Grupo Financiero Banorte S.A.B. de C.V's net assets have evolved over time, based on quarterly financial data. Also explore how large is Grupo Financiero Banorte S.A.B. de C.V's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Grupo Financiero Banorte S.A.B. de C.V (2000–2025)
The table below shows the annual net assets of Grupo Financiero Banorte S.A.B. de C.V from 2000 to 2025. For live valuation and market cap data, see how much is Grupo Financiero Banorte S.A.B. de C.V worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | MX$252.21 Billion ≈ $14.51 Billion |
+1.52% |
| 2024-12-31 | MX$248.43 Billion ≈ $14.30 Billion |
-0.31% |
| 2023-12-31 | MX$249.21 Billion ≈ $14.34 Billion |
+4.26% |
| 2022-12-31 | MX$239.03 Billion ≈ $13.76 Billion |
+0.76% |
| 2021-12-31 | MX$237.24 Billion ≈ $13.65 Billion |
+5.39% |
| 2020-12-31 | MX$225.10 Billion ≈ $12.95 Billion |
+14.85% |
| 2019-12-31 | MX$196.00 Billion ≈ $11.28 Billion |
+12.34% |
| 2018-12-31 | MX$174.46 Billion ≈ $10.04 Billion |
+18.21% |
| 2017-12-31 | MX$147.58 Billion ≈ $8.49 Billion |
+3.42% |
| 2016-12-31 | MX$142.70 Billion ≈ $8.21 Billion |
+3.89% |
| 2015-12-31 | MX$137.35 Billion ≈ $7.90 Billion |
+10.17% |
| 2014-12-31 | MX$124.67 Billion ≈ $7.17 Billion |
+14.70% |
| 2013-12-31 | MX$108.69 Billion ≈ $6.26 Billion |
+22.80% |
| 2012-12-31 | MX$88.51 Billion ≈ $5.09 Billion |
+14.82% |
| 2011-12-31 | MX$77.08 Billion ≈ $4.44 Billion |
+53.47% |
| 2010-12-31 | MX$50.23 Billion ≈ $2.89 Billion |
+11.68% |
| 2009-12-31 | MX$44.97 Billion ≈ $2.59 Billion |
+13.15% |
| 2008-12-31 | MX$39.75 Billion ≈ $2.29 Billion |
+16.37% |
| 2007-12-31 | MX$34.16 Billion ≈ $1.97 Billion |
+24.18% |
| 2006-12-31 | MX$27.50 Billion ≈ $1.58 Billion |
+28.08% |
| 2005-12-31 | MX$21.48 Billion ≈ $1.24 Billion |
+31.19% |
| 2004-12-31 | MX$16.37 Billion ≈ $942.04 Million |
+13.98% |
| 2003-12-31 | MX$14.36 Billion ≈ $826.48 Million |
+19.77% |
| 2002-12-31 | MX$11.99 Billion ≈ $690.03 Million |
+21.62% |
| 2001-12-31 | MX$9.86 Billion ≈ $567.38 Million |
+19.94% |
| 2000-12-31 | MX$8.22 Billion ≈ $473.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Grupo Financiero Banorte 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 2627.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | MX$165.34 Billion | 66.38% |
| Other Components | MX$83.75 Billion | 33.62% |
| Total Equity | MX$249.09 Billion | 100.00% |
Grupo Financiero Banorte S.A.B. de C.V Competitors by Market Cap
The table below lists competitors of Grupo Financiero Banorte S.A.B. de C.V ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qinghai Salt Lake Industry Co.Ltd
SHE:000792
|
$30.42 Billion |
|
Advanced Info Service Public Company Limited
F:NVAA
|
$30.43 Billion |
|
Qnb Finansbank AS
IS:QNBTR
|
$30.43 Billion |
|
Cheniere Energy Partners LP
NYSE:CQP
|
$30.47 Billion |
|
Nestle India Limited
NSE:NESTLEIND
|
$30.42 Billion |
|
Samsung Life
KO:032830
|
$30.36 Billion |
|
Bank of Jiangsu Co Ltd
SHG:600919
|
$30.34 Billion |
|
Volkswagen AG
XETRA:VOW
|
$30.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grupo Financiero Banorte 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 249,409,000,000 to 249,091,000,000, a change of -318,000,000 (-0.1%).
- Net income of 58,788,000,000 contributed positively to equity growth.
- Dividend payments of 47,750,000,000 reduced retained earnings.
- Share repurchases of 8,861,000,000 reduced equity.
- Other factors decreased equity by 2,495,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$58.79 Billion | +23.6% |
| Dividends Paid | MX$47.75 Billion | -19.17% |
| Share Repurchases | MX$8.86 Billion | -3.56% |
| Other Changes | MX$-2.50 Billion | -1.0% |
| Total Change | MX$- | -0.13% |
Book Value vs Market Value Analysis
This analysis compares Grupo Financiero Banorte 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: 2.12x
- 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 3.60x to 2.12x 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$52.92 | MX$190.37 | x |
| 2018-12-31 | MX$60.26 | MX$190.37 | x |
| 2019-12-31 | MX$67.18 | MX$190.37 | x |
| 2020-12-31 | MX$77.07 | MX$190.37 | x |
| 2021-12-31 | MX$81.23 | MX$190.37 | x |
| 2022-12-31 | MX$81.86 | MX$190.37 | x |
| 2023-12-31 | MX$86.48 | MX$190.37 | x |
| 2024-12-31 | MX$88.69 | MX$190.37 | x |
| 2025-12-31 | MX$89.71 | MX$190.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grupo Financiero Banorte 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): 23.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.76%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 10.43x
- Recent ROE (23.60%) is above the historical average (16.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 22.35% | 4.90% | 0.33x | 13.74x | MX$926.99 Million |
| 2001 | 16.59% | 5.40% | 0.26x | 11.63x | MX$597.58 Million |
| 2002 | 18.04% | 6.27% | 0.16x | 17.85x | MX$898.50 Million |
| 2003 | 0.02% | 0.01% | 0.15x | 15.83x | MX$-1.34 Billion |
| 2004 | 16.92% | 7.65% | 0.19x | 11.37x | MX$1.07 Billion |
| 2005 | 27.90% | 12.99% | 0.23x | 9.28x | MX$3.67 Billion |
| 2006 | 22.83% | 13.47% | 0.19x | 8.98x | MX$3.35 Billion |
| 2007 | 20.96% | 13.53% | 0.18x | 8.84x | MX$3.56 Billion |
| 2008 | 18.55% | 11.46% | 0.11x | 15.26x | MX$3.23 Billion |
| 2009 | 14.15% | 10.49% | 0.10x | 13.71x | MX$1.72 Billion |
| 2010 | 14.54% | 12.53% | 0.09x | 12.81x | MX$2.09 Billion |
| 2011 | 12.02% | 12.79% | 0.08x | 11.70x | MX$1.43 Billion |
| 2012 | 13.30% | 13.82% | 0.09x | 11.19x | MX$2.70 Billion |
| 2013 | 12.66% | 15.70% | 0.09x | 9.44x | MX$2.84 Billion |
| 2014 | 12.39% | 17.03% | 0.08x | 8.93x | MX$2.94 Billion |
| 2015 | 12.63% | 33.22% | 0.04x | 8.85x | MX$3.56 Billion |
| 2016 | 13.72% | 21.40% | 0.07x | 9.01x | MX$5.23 Billion |
| 2017 | 16.40% | 21.63% | 0.08x | 9.29x | MX$9.33 Billion |
| 2018 | 18.55% | 24.60% | 0.08x | 9.41x | MX$14.73 Billion |
| 2019 | 18.86% | 26.46% | 0.09x | 8.16x | MX$17.16 Billion |
| 2020 | 13.73% | 21.24% | 0.08x | 8.04x | MX$8.28 Billion |
| 2021 | 14.96% | 21.77% | 0.09x | 7.90x | MX$11.62 Billion |
| 2022 | 19.24% | 25.29% | 0.09x | 8.77x | MX$21.80 Billion |
| 2023 | 21.02% | 26.65% | 0.09x | 9.12x | MX$27.48 Billion |
| 2024 | 22.53% | 25.61% | 0.09x | 9.91x | MX$31.25 Billion |
| 2025 | 23.60% | 23.76% | 0.10x | 10.43x | MX$33.88 Billion |
Industry Comparison
This section compares Grupo Financiero Banorte S.A.B. de C.V's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $20,434,280,000
- Average return on equity (ROE) among peers: 7.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grupo Financiero Banorte S.A.B. de C.V (GFNORTEO) | MX$252.21 Billion | 22.35% | 9.30x | $30.42 Billion |
| Credicorp Ltd (BAPN) | $29.58 Billion | 15.66% | 7.00x | $26.14 Billion |
| Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO) | $8.34 Billion | 0.00% | 7.25x | $3.76 Billion |
| Fibra Mty S.A.P.I. de C.V. (FMTY14) | $8.66 Billion | 11.14% | 17.04x | $8.28K |
| Grupo Financiero Inbursa S.A.B. de C.V (GFINBURO) | $28.77 Billion | 0.00% | 1.23x | $15.04 Billion |
| Lloyds Banking Group plc (LYGN) | $39.34 Billion | -2.13% | 20.41x | $79.09 Billion |
| Regional S.A.B. de C.V (RA) | $7.92 Billion | 18.09% | 10.98x | $2.77 Billion |
About Grupo Financiero Banorte S.A.B. de C.V
Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. It offers retail banking services, including checking and deposit accounts; credit and debit cards; mortgage, car, payroll, and personal loans; SME loans; payroll accounts; and car, home, life, and SME insurance. The company als… Read more