Bel Fuse B Inc (BELFB) - Net Assets
Based on the latest financial reports, Bel Fuse B Inc (BELFB) has net assets worth $535.71 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($951.92 Million) and total liabilities ($416.21 Million). 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 Bel Fuse B Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $535.71 Million |
| % of Total Assets | 56.28% |
| Annual Growth Rate | 8.74% |
| 5-Year Change | 148.47% |
| 10-Year Change | 227.38% |
| Growth Volatility | 16.79 |
Bel Fuse B Inc - Net Assets Trend (1985–2025)
This chart illustrates how Bel Fuse B Inc's net assets have evolved over time, based on quarterly financial data. See BELFB defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bel Fuse B Inc (1985–2025)
The table below shows the annual net assets of Bel Fuse B Inc from 1985 to 2025. For live valuation and market cap data, see Bel Fuse B Inc (BELFB) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $518.67 Million | +17.57% |
| 2024-12-31 | $441.16 Million | +29.54% |
| 2023-12-31 | $340.56 Million | +29.81% |
| 2022-12-31 | $262.35 Million | +25.68% |
| 2021-12-31 | $208.74 Million | +12.35% |
| 2020-12-31 | $185.80 Million | +10.56% |
| 2019-12-31 | $168.05 Million | -4.77% |
| 2018-12-31 | $176.47 Million | +11.72% |
| 2017-12-31 | $157.96 Million | -0.30% |
| 2016-12-31 | $158.43 Million | -32.04% |
| 2015-12-31 | $233.12 Million | +3.67% |
| 2014-12-31 | $224.88 Million | -1.67% |
| 2013-12-31 | $228.70 Million | +6.18% |
| 2012-12-31 | $215.39 Million | -2.57% |
| 2011-12-31 | $221.08 Million | +0.34% |
| 2010-12-31 | $220.33 Million | +5.46% |
| 2009-12-31 | $208.93 Million | -4.06% |
| 2008-12-31 | $217.77 Million | -10.94% |
| 2007-12-31 | $244.53 Million | +10.07% |
| 2006-12-31 | $222.15 Million | +10.21% |
| 2005-12-31 | $201.58 Million | +12.95% |
| 2004-12-31 | $178.46 Million | +21.52% |
| 2003-12-31 | $146.85 Million | +12.40% |
| 2002-12-31 | $130.66 Million | +0.92% |
| 2001-12-31 | $129.46 Million | -8.19% |
| 2000-12-31 | $141.02 Million | +27.85% |
| 1999-12-31 | $110.30 Million | +24.21% |
| 1998-12-31 | $88.80 Million | +21.98% |
| 1997-12-31 | $72.80 Million | +14.83% |
| 1996-12-31 | $63.40 Million | +13.42% |
| 1995-12-31 | $55.90 Million | +21.79% |
| 1994-12-31 | $45.90 Million | -4.97% |
| 1993-12-31 | $48.30 Million | +8.78% |
| 1992-12-31 | $44.40 Million | +75.49% |
| 1991-12-31 | $25.30 Million | -11.23% |
| 1990-12-31 | $28.50 Million | +2.52% |
| 1989-12-31 | $27.80 Million | -6.40% |
| 1988-12-31 | $29.70 Million | +12.08% |
| 1987-12-31 | $26.50 Million | +26.79% |
| 1986-12-31 | $20.90 Million | +14.84% |
| 1985-12-31 | $18.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bel Fuse B Inc'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 2908.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $403.10 Million | 94.73% |
| Other Components | $22.41 Million | 5.27% |
| Total Equity | $425.51 Million | 100.00% |
Bel Fuse B Inc Competitors by Market Cap
The table below lists competitors of Bel Fuse B Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Juneyao Airlines
SHG:603885
|
$3.63 Billion |
|
Charoen Pokphand Foods Public Company Limited
F:NVAV
|
$3.63 Billion |
|
Shenzhen Suntak Circuit Technology Co Ltd
SHE:002815
|
$3.64 Billion |
|
Scotts Miracle-Gro Company
NYSE:SMG
|
$3.64 Billion |
|
Holmen AB (publ)
ST:HOLM-B
|
$3.63 Billion |
|
Westgold Resources Ltd
AU:WGX
|
$3.63 Billion |
|
Hyundai Motor Co. Ltd. Pfd. Series 1
KO:005385
|
$3.63 Billion |
|
VEON Ltd
NASDAQ:VEON
|
$3.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bel Fuse B Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 360,576,000 to 425,512,000, a change of 64,936,000 (18.0%).
- Net income of 61,536,000 contributed positively to equity growth.
- Dividend payments of 3,465,000 reduced retained earnings.
- Other comprehensive income increased equity by 17,227,000.
- Other factors decreased equity by 10,362,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $61.54 Million | +14.46% |
| Dividends Paid | $3.46 Million | -0.81% |
| Other Comprehensive Income | $17.23 Million | +4.05% |
| Other Changes | $-10.36 Million | -2.44% |
| Total Change | $- | 18.01% |
Book Value vs Market Value Analysis
This analysis compares Bel Fuse B Inc'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: 8.83x
- 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 152.98x to 8.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.96 | $299.84 | x |
| 1986-12-31 | $2.25 | $299.84 | x |
| 1987-12-31 | $2.84 | $299.84 | x |
| 1988-12-31 | $3.16 | $299.84 | x |
| 1989-12-31 | $2.93 | $299.84 | x |
| 1990-12-31 | $3.26 | $299.84 | x |
| 1991-12-31 | $2.61 | $299.84 | x |
| 1992-12-31 | $4.44 | $299.84 | x |
| 1993-12-31 | $4.89 | $299.84 | x |
| 1994-12-31 | $4.64 | $299.84 | x |
| 1995-12-31 | $5.58 | $299.84 | x |
| 1996-12-31 | $6.26 | $299.84 | x |
| 1997-12-31 | $7.11 | $299.84 | x |
| 1998-12-31 | $8.53 | $299.84 | x |
| 1999-12-31 | $10.23 | $299.84 | x |
| 2000-12-31 | $12.87 | $299.84 | x |
| 2001-12-31 | $12.08 | $299.84 | x |
| 2002-12-31 | $11.79 | $299.84 | x |
| 2003-12-31 | $13.19 | $299.84 | x |
| 2004-12-31 | $15.50 | $299.84 | x |
| 2005-12-31 | $17.16 | $299.84 | x |
| 2006-12-31 | $18.74 | $299.84 | x |
| 2007-12-31 | $20.54 | $299.84 | x |
| 2008-12-31 | $18.55 | $299.84 | x |
| 2009-12-31 | $18.11 | $299.84 | x |
| 2010-12-31 | $18.87 | $299.84 | x |
| 2011-12-31 | $18.78 | $299.84 | x |
| 2012-12-31 | $17.09 | $299.84 | x |
| 2013-12-31 | $20.04 | $299.84 | x |
| 2014-12-31 | $19.28 | $299.84 | x |
| 2015-12-31 | $19.63 | $299.84 | x |
| 2016-12-31 | $13.29 | $299.84 | x |
| 2017-12-31 | $13.13 | $299.84 | x |
| 2018-12-31 | $14.57 | $299.84 | x |
| 2019-12-31 | $12.03 | $299.84 | x |
| 2020-12-31 | $13.25 | $299.84 | x |
| 2021-12-31 | $14.79 | $299.84 | x |
| 2022-12-31 | $18.39 | $299.84 | x |
| 2023-12-31 | $26.66 | $299.84 | x |
| 2024-12-31 | $28.74 | $299.84 | x |
| 2025-12-31 | $33.96 | $299.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bel Fuse B Inc 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): 14.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.11%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.20x
- Recent ROE (14.46%) is above the historical average (6.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 7.14% | 7.26% | 0.87x | 1.13x | $-520.00K |
| 1986 | 12.44% | 11.16% | 0.95x | 1.17x | $510.00K |
| 1987 | 15.47% | 12.17% | 1.08x | 1.18x | $1.45 Million |
| 1988 | 10.44% | 8.24% | 1.13x | 1.12x | $130.00K |
| 1989 | -6.47% | -5.96% | 0.87x | 1.24x | $-4.58 Million |
| 1990 | 2.46% | 1.91% | 1.06x | 1.21x | $-2.15 Million |
| 1991 | -13.04% | -9.02% | 1.29x | 1.12x | $-5.83 Million |
| 1992 | 42.57% | 37.50% | 1.01x | 1.13x | $14.46 Million |
| 1993 | 7.87% | 8.00% | 0.89x | 1.10x | $-1.03 Million |
| 1994 | -3.49% | -3.50% | 0.88x | 1.13x | $-6.19 Million |
| 1995 | 14.49% | 11.46% | 1.10x | 1.15x | $2.51 Million |
| 1996 | 12.30% | 11.91% | 0.91x | 1.13x | $1.46 Million |
| 1997 | 12.23% | 12.11% | 0.88x | 1.14x | $1.62 Million |
| 1998 | 17.12% | 16.74% | 0.88x | 1.17x | $6.32 Million |
| 1999 | 19.31% | 17.82% | 0.95x | 1.14x | $10.27 Million |
| 2000 | 22.85% | 22.18% | 0.86x | 1.20x | $18.12 Million |
| 2001 | -9.39% | -12.66% | 0.65x | 1.14x | $-25.11 Million |
| 2002 | 0.44% | 0.61% | 0.65x | 1.12x | $-12.49 Million |
| 2003 | 9.37% | 8.68% | 0.87x | 1.24x | $-921.80K |
| 2004 | 13.85% | 13.01% | 0.87x | 1.22x | $6.88 Million |
| 2005 | 10.04% | 9.37% | 0.89x | 1.20x | $75.62K |
| 2006 | 11.35% | 9.89% | 0.95x | 1.21x | $2.99 Million |
| 2007 | 10.77% | 10.16% | 0.88x | 1.20x | $1.88 Million |
| 2008 | -6.86% | -5.78% | 0.99x | 1.20x | $-36.71 Million |
| 2009 | -3.98% | -4.55% | 0.74x | 1.18x | $-29.20 Million |
| 2010 | 6.19% | 4.51% | 1.09x | 1.26x | $-8.38 Million |
| 2011 | 1.70% | 1.28% | 1.06x | 1.25x | $-18.34 Million |
| 2012 | 1.19% | 0.84% | 1.04x | 1.36x | $-17.77 Million |
| 2013 | 6.96% | 4.56% | 1.13x | 1.35x | $-6.96 Million |
| 2014 | 4.04% | 1.87% | 0.77x | 2.83x | $-13.39 Million |
| 2015 | 8.23% | 3.39% | 0.97x | 2.52x | $-4.12 Million |
| 2016 | -40.92% | -12.96% | 1.17x | 2.69x | $-80.68 Million |
| 2017 | -7.53% | -2.42% | 1.14x | 2.73x | $-27.69 Million |
| 2018 | 11.74% | 3.78% | 1.24x | 2.51x | $3.06 Million |
| 2019 | -5.20% | -1.78% | 1.05x | 2.79x | $-25.55 Million |
| 2020 | 6.89% | 2.75% | 1.03x | 2.44x | $-5.78 Million |
| 2021 | 11.89% | 4.57% | 1.06x | 2.45x | $3.95 Million |
| 2022 | 20.08% | 8.05% | 1.17x | 2.14x | $26.45 Million |
| 2023 | 21.68% | 11.54% | 1.12x | 1.68x | $39.78 Million |
| 2024 | 11.36% | 7.66% | 0.56x | 2.63x | $4.90 Million |
| 2025 | 14.46% | 9.11% | 0.72x | 2.20x | $18.98 Million |
Industry Comparison
This section compares Bel Fuse B Inc's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $433,684,059
- Average return on equity (ROE) among peers: 8.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bel Fuse B Inc (BELFB) | $535.71 Million | 7.14% | 0.78x | $3.63 Billion |
| Allient Inc. (ALNT) | $119.19 Million | 14.28% | 1.57x | $1.55 Billion |
| Amphenol Corporation (APH) | $2.18 Billion | 23.99% | 1.03x | $180.35 Billion |
| Bel Fuse A Inc (BELFA) | $244.53 Million | 10.77% | 0.20x | $561.94 Million |
| Benchmark Electronics Inc (BHE) | $1.11 Billion | 5.69% | 0.92x | $2.22 Billion |
| Cps Technologies (CPSH) | $8.86 Million | 10.90% | 0.26x | $131.22 Million |
| CTS Corporation (CTS) | $122.50 Million | 3.43% | 0.44x | $1.36 Billion |
| Data I/O Corporation (DAIO) | $13.87 Million | 7.92% | 0.39x | $25.54 Million |
| Daktronics Inc (DAKT) | $19.90 Million | -1.01% | 0.90x | $983.24 Million |
| Deswell Industries Inc (DSWL) | $76.20 Million | 1.81% | 0.19x | $51.47 Million |
About Bel Fuse B Inc
Bel Fuse Inc. designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. It operates in three product groups: Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, defence, commercial aerospace, … Read more