Lloyds Banking Group plc (LYGN) - Net Assets

Latest as of March 2026: MX$48.23 Billion MXN ≈ $2.78 Billion USD

Based on the latest financial reports, Lloyds Banking Group plc (LYGN) has net assets worth MX$48.23 Billion MXN (≈ $2.78 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$968.12 Billion ≈ $55.72 Billion USD) and total liabilities (MX$919.89 Billion ≈ $52.94 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 Lloyds Banking Group plc (LYGN) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	MX$48.23 Billion
% of Total Assets	4.98%
Annual Growth Rate	1.65%
5-Year Change	-9.94%
10-Year Change	39.12%
Growth Volatility	38.63

Lloyds Banking Group plc - Net Assets Trend (2013–2025)

This chart illustrates how Lloyds Banking Group plc's net assets have evolved over time, based on quarterly financial data. See Lloyds Banking Group plc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Lloyds Banking Group plc (2013–2025)

The table below shows the annual net assets of Lloyds Banking Group plc from 2013 to 2025. For live valuation and market cap data, see LYGN market cap overview.

Year	Net Assets	Change
2025-12-31	MX$47.87 Billion ≈ $2.75 Billion	+4.31%
2024-12-31	MX$45.89 Billion ≈ $2.64 Billion	-3.12%
2023-12-31	MX$47.37 Billion ≈ $2.73 Billion	-0.33%
2022-12-31	MX$47.52 Billion ≈ $2.73 Billion	-10.59%
2021-12-31	MX$53.15 Billion ≈ $3.06 Billion	+7.57%
2020-12-31	MX$49.41 Billion ≈ $2.84 Billion	+3.36%
2019-12-31	MX$47.81 Billion ≈ $2.75 Billion	-4.77%
2018-12-31	MX$50.20 Billion ≈ $2.89 Billion	+2.15%
2017-12-31	MX$49.14 Billion ≈ $2.83 Billion	+42.83%
2017-10-31	MX$34.41 Billion ≈ $1.98 Billion	+35.09%
2017-03-31	MX$25.47 Billion ≈ $1.47 Billion	-47.45%
2016-12-31	MX$48.47 Billion ≈ $2.79 Billion	+53.54%
2016-10-31	MX$31.57 Billion ≈ $1.82 Billion	+62.01%
2016-03-31	MX$19.48 Billion ≈ $1.12 Billion	-58.53%
2015-12-31	MX$46.98 Billion ≈ $2.70 Billion	+55.92%
2015-10-31	MX$30.13 Billion ≈ $1.73 Billion	+69.68%
2015-03-31	MX$17.76 Billion ≈ $1.02 Billion	-64.41%
2014-12-31	MX$49.90 Billion ≈ $2.87 Billion	+26.86%
2013-12-31	MX$39.34 Billion ≈ $2.26 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Lloyds Banking Group 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 53.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	MX$6.29 Billion	13.20%
Other Components	MX$41.38 Billion	86.80%
Total Equity	MX$47.67 Billion	100.00%

Lloyds Banking Group plc Competitors by Market Cap

The table below lists competitors of Lloyds Banking Group plc ranked by their market capitalization.

Company	Market Cap
ESSILORLUXOTTICA 1/2/O.N. F:ESLC	$78.07 Billion
AXA SA F:AXAA	$78.11 Billion
IND.+COMM.BK CHINA ADR/20 F:ICKB	$78.13 Billion
Moodys Corporation NYSE:MCO	$78.32 Billion
Emerson Electric Company NYSE:EMR	$77.89 Billion
FedEx Corporation NYSE:FDX	$77.83 Billion
United Parcel Service Inc NYSE:UPS	$77.49 Billion
Equinor ASA F:DNQA	$77.48 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Lloyds Banking Group plc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 45,716,000,000 to 47,668,000,000, a change of 1,952,000,000 (4.3%).
Net income of 4,659,000,000 contributed positively to equity growth.
Dividend payments of 2,000,000,000 reduced retained earnings.
Share repurchases of 1,710,000,000 reduced equity.
New share issuances of 99,000,000 increased equity.
Other factors increased equity by 904,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	MX$4.66 Billion	+9.77%
Dividends Paid	MX$2.00 Billion	-4.2%
Share Repurchases	MX$1.71 Billion	-3.59%
Share Issuances	MX$99.00 Million	+0.21%
Other Changes	MX$904.00 Million	+1.9%
Total Change	MX$-	4.27%

Book Value vs Market Value Analysis

This analysis compares Lloyds Banking Group 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: 114.64x
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 136.86x to 114.64x 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$0.68	MX$93.00	x
2018-12-31	MX$0.70	MX$93.00	x
2019-12-31	MX$0.68	MX$93.00	x
2020-12-31	MX$0.69	MX$93.00	x
2021-12-31	MX$0.75	MX$93.00	x
2022-12-31	MX$0.70	MX$93.00	x
2023-12-31	MX$0.74	MX$93.00	x
2024-12-31	MX$0.76	MX$93.00	x
2025-12-31	MX$0.81	MX$93.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Lloyds Banking Group 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): 9.77%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 23.26%
• Asset Turnover: 0.02x
• Equity Multiplier: 19.81x
Recent ROE (9.77%) is below the historical average (10.21%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	-2.15%	-5.25%	0.02x	21.61x	MX$-4.74 Billion
2014	2.90%	9.33%	0.02x	17.56x	MX$-3.46 Billion
2015	16.81%	15.05%	0.24x	4.61x	MX$1.21 Billion
2015	11.17%	18.52%	0.04x	16.28x	MX$353.90 Million
2015	1.85%	5.18%	0.02x	17.31x	MX$-3.80 Billion
2016	19.13%	19.63%	0.22x	4.35x	MX$1.78 Billion
2016	10.95%	18.01%	0.04x	16.26x	MX$298.60 Million
2016	4.30%	5.15%	0.05x	17.03x	MX$-2.74 Billion
2017	38.27%	51.84%	0.23x	3.23x	MX$7.20 Billion
2017	12.06%	19.05%	0.04x	16.00x	MX$709.30 Million
2017	7.78%	11.12%	0.04x	16.61x	MX$-1.08 Billion
2018	8.62%	19.55%	0.03x	15.98x	MX$-690.50 Million
2019	6.14%	6.98%	0.05x	17.52x	MX$-1.84 Billion
2020	2.68%	4.50%	0.03x	17.71x	MX$-3.60 Billion
2021	10.93%	15.45%	0.04x	16.75x	MX$492.30 Million
2022	11.55%	29.98%	0.02x	18.57x	MX$731.30 Million
2023	11.58%	28.44%	0.02x	18.69x	MX$743.60 Million
2024	9.67%	23.76%	0.02x	19.83x	MX$-150.60 Million
2025	9.77%	23.26%	0.02x	19.81x	MX$-107.80 Million

Industry Comparison

This section compares Lloyds Banking Group plc's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $44,377,446,318
Average return on equity (ROE) among peers: 14.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Lloyds Banking Group plc (LYGN)	MX$48.23 Billion	-2.15%	19.07x	$78.00 Billion
Credicorp Ltd (BAPN)	$29.58 Billion	15.66%	7.00x	$25.41 Billion
Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)	$48.19 Billion	18.84%	7.15x	$3.83 Billion
Fibra Mty S.A.P.I. de C.V. (FMTY14)	$6.62 Billion	9.01%	13.76x	$7.95K
Grupo Financiero Inbursa S.A.B. de C.V (GFINBURO)	$147.83 Billion	8.74%	2.29x	$14.70 Billion
Grupo Financiero Banorte S.A.B. de C.V (GFNORTEO)	$16.37 Billion	16.01%	9.77x	$30.58 Billion
Regional S.A.B. de C.V (RA)	$17.67 Billion	18.09%	6.26x	$2.48 Billion

About Lloyds Banking Group plc

MX:LYGN Mexico Banks - Regional

Market Cap

$78.00 Billion

MX$1.36 Trillion MXN

Market Cap Rank

#338 Global

#14 in Mexico

Share Price

MX$93.00

Change (1 day)

-1.06%

52-Week Range

MX$80.00 - MX$94.00

All Time High

MX$94.00