Clearfield Inc (CLFD) - Net Assets
Based on the latest financial reports, Clearfield Inc (CLFD) has net assets worth $242.81 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 ($263.55 Million) and total liabilities ($20.74 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 Clearfield Inc (CLFD) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $242.81 Million |
| % of Total Assets | 92.13% |
| Annual Growth Rate | 12.67% |
| 5-Year Change | 146.73% |
| 10-Year Change | 309.25% |
| Growth Volatility | 85.61 |
Clearfield Inc - Net Assets Trend (1988–2025)
This chart illustrates how Clearfield Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is Clearfield Inc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Clearfield Inc (1988–2025)
The table below shows the annual net assets of Clearfield Inc from 1988 to 2025. For live valuation and market cap data, see how much is Clearfield Inc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $256.16 Million | -7.11% |
| 2024-09-30 | $275.76 Million | -12.50% |
| 2023-09-30 | $315.16 Million | +113.55% |
| 2022-09-30 | $147.58 Million | +42.15% |
| 2021-09-30 | $103.82 Million | +25.46% |
| 2020-09-30 | $82.75 Million | +10.44% |
| 2019-09-30 | $74.93 Million | +8.80% |
| 2018-09-30 | $68.87 Million | +6.74% |
| 2017-09-30 | $64.53 Million | +3.09% |
| 2016-09-30 | $62.59 Million | +22.07% |
| 2015-09-30 | $51.28 Million | +9.70% |
| 2014-09-30 | $46.75 Million | +16.64% |
| 2013-09-30 | $40.08 Million | +15.55% |
| 2012-09-30 | $34.69 Million | +32.24% |
| 2011-09-30 | $26.23 Million | +36.28% |
| 2010-09-30 | $19.25 Million | +7.83% |
| 2009-09-30 | $17.85 Million | +31.31% |
| 2008-09-30 | $13.59 Million | +11.30% |
| 2007-09-30 | $12.21 Million | -21.61% |
| 2006-09-30 | $15.58 Million | -17.67% |
| 2005-09-30 | $18.92 Million | -15.39% |
| 2004-09-30 | $22.36 Million | -22.67% |
| 2003-09-30 | $28.92 Million | -6.78% |
| 2002-09-30 | $31.02 Million | -18.96% |
| 2001-09-30 | $38.28 Million | +507.04% |
| 2000-09-30 | $6.31 Million | +85.47% |
| 1999-09-30 | $3.40 Million | -27.66% |
| 1998-09-30 | $4.70 Million | -9.62% |
| 1997-09-30 | $5.20 Million | 0.00% |
| 1996-09-30 | $5.20 Million | +26.83% |
| 1995-09-30 | $4.10 Million | -2.38% |
| 1994-09-30 | $4.20 Million | +61.54% |
| 1993-09-30 | $2.60 Million | -13.33% |
| 1992-09-30 | $3.00 Million | -16.67% |
| 1991-09-30 | $3.60 Million | +20.00% |
| 1990-09-30 | $3.00 Million | -6.25% |
| 1989-09-30 | $3.20 Million | +3.23% |
| 1988-09-30 | $3.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Clearfield 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 106812.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $106.91 Million | 41.74% |
| Common Stock | $138.00K | 0.05% |
| Other Comprehensive Income | $1.73 Million | 0.68% |
| Other Components | $147.38 Million | 57.53% |
| Total Equity | $256.16 Million | 100.00% |
Clearfield Inc Competitors by Market Cap
The table below lists competitors of Clearfield Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nanjing University Environmental
SHE:300864
|
$544.18 Million |
|
AgomAb Therapeutics NV American Depositary Shares
NASDAQ:AGMB
|
$544.19 Million |
|
Longxing Chemical Stock Co Ltd
SHE:002442
|
$544.25 Million |
|
Samhällsbyggnadsbolaget i Norden AB (publ)
ST:SBB-B
|
$544.43 Million |
|
Tianjin Tianbao Infrastructure Co Ltd
SHE:000965
|
$544.05 Million |
|
SAPPI LTD ADR/1 RC 1
F:SPIA
|
$543.97 Million |
|
Standard Chartered PLC
LSE:STAN
|
$543.94 Million |
|
Taiyuan Lionhead Cement Co Ltd
SHG:600539
|
$543.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Clearfield Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 275,763,000 to 256,163,000, a change of -19,600,000 (-7.1%).
- Net loss of 8,050,000 reduced equity.
- Share repurchases of 16,652,999 reduced equity.
- New share issuances of 595,000 increased equity.
- Other comprehensive income increased equity by 652,000.
- Other factors increased equity by 3,855,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.05 Million | -3.14% |
| Share Repurchases | $16.65 Million | -6.5% |
| Share Issuances | $595.00K | +0.23% |
| Other Comprehensive Income | $652.00K | +0.25% |
| Other Changes | $3.86 Million | +1.51% |
| Total Change | $- | -7.11% |
Book Value vs Market Value Analysis
This analysis compares Clearfield 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: 2.57x
- 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 97.10x to 2.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-09-30 | $0.48 | $47.04 | x |
| 1989-09-30 | $0.50 | $47.04 | x |
| 1990-09-30 | $0.40 | $47.04 | x |
| 1991-09-30 | $0.54 | $47.04 | x |
| 1992-09-30 | $0.45 | $47.04 | x |
| 1993-09-30 | $0.36 | $47.04 | x |
| 1994-09-30 | $0.50 | $47.04 | x |
| 1995-09-30 | $0.53 | $47.04 | x |
| 1996-09-30 | $0.67 | $47.04 | x |
| 1997-09-30 | $0.52 | $47.04 | x |
| 1998-09-30 | $0.56 | $47.04 | x |
| 1999-09-30 | $0.40 | $47.04 | x |
| 2000-09-30 | $0.72 | $47.04 | x |
| 2001-09-30 | $3.42 | $47.04 | x |
| 2002-09-30 | $2.61 | $47.04 | x |
| 2003-09-30 | $2.44 | $47.04 | x |
| 2004-09-30 | $1.88 | $47.04 | x |
| 2005-09-30 | $1.59 | $47.04 | x |
| 2006-09-30 | $1.31 | $47.04 | x |
| 2007-09-30 | $1.03 | $47.04 | x |
| 2008-09-30 | $1.14 | $47.04 | x |
| 2009-09-30 | $1.48 | $47.04 | x |
| 2010-09-30 | $1.55 | $47.04 | x |
| 2011-09-30 | $2.06 | $47.04 | x |
| 2012-09-30 | $2.71 | $47.04 | x |
| 2013-09-30 | $3.06 | $47.04 | x |
| 2014-09-30 | $3.44 | $47.04 | x |
| 2015-09-30 | $3.77 | $47.04 | x |
| 2016-09-30 | $4.58 | $47.04 | x |
| 2017-09-30 | $4.72 | $47.04 | x |
| 2018-09-30 | $5.12 | $47.04 | x |
| 2019-09-30 | $5.57 | $47.04 | x |
| 2020-09-30 | $6.07 | $47.04 | x |
| 2021-09-30 | $7.53 | $47.04 | x |
| 2022-09-30 | $10.61 | $47.04 | x |
| 2023-09-30 | $20.99 | $47.04 | x |
| 2024-09-30 | $18.91 | $47.04 | x |
| 2025-09-30 | $18.31 | $47.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Clearfield 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): -3.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.36%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.20x
- Recent ROE (-3.14%) is above the historical average (-4.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 3.13% | 3.85% | 0.76x | 1.06x | $-220.00K |
| 1990 | -10.00% | -11.11% | 0.49x | 1.83x | $-600.00K |
| 1991 | -22.22% | -36.36% | 0.40x | 1.53x | $-1.16 Million |
| 1992 | -20.00% | -25.00% | 0.63x | 1.27x | $-900.00K |
| 1993 | -30.77% | -38.10% | 0.64x | 1.27x | $-1.06 Million |
| 1994 | -11.90% | -25.00% | 0.43x | 1.12x | $-920.00K |
| 1995 | -2.44% | -4.00% | 0.52x | 1.17x | $-510.00K |
| 1996 | -1.92% | -4.00% | 0.26x | 1.85x | $-620.00K |
| 1997 | -19.23% | -35.71% | 0.31x | 1.75x | $-1.52 Million |
| 1998 | -21.28% | -45.45% | 0.27x | 1.74x | $-1.47 Million |
| 1999 | -73.53% | -357.14% | 0.10x | 2.00x | $-2.84 Million |
| 2000 | -60.20% | -902.14% | 0.04x | 1.52x | $-4.43 Million |
| 2001 | -7.72% | -333.44% | 0.02x | 1.09x | $-6.78 Million |
| 2002 | -15.27% | -795.06% | 0.02x | 1.07x | $-7.84 Million |
| 2003 | -17.32% | -1148.54% | 0.01x | 1.10x | $-7.90 Million |
| 2004 | -29.22% | -54.87% | 0.46x | 1.16x | $-8.77 Million |
| 2005 | -18.07% | -24.63% | 0.63x | 1.17x | $-5.31 Million |
| 2006 | -21.50% | -21.31% | 0.80x | 1.26x | $-4.91 Million |
| 2007 | -10.57% | -12.53% | 0.67x | 1.26x | $-2.51 Million |
| 2008 | 11.14% | 6.45% | 1.38x | 1.25x | $155.00K |
| 2009 | 21.21% | 15.17% | 1.22x | 1.14x | $2.00 Million |
| 2010 | 6.14% | 4.85% | 1.14x | 1.11x | $-743.65K |
| 2011 | 23.51% | 17.52% | 1.16x | 1.16x | $3.54 Million |
| 2012 | 22.20% | 20.55% | 0.99x | 1.09x | $4.23 Million |
| 2013 | 11.81% | 8.87% | 1.15x | 1.16x | $726.04K |
| 2014 | 11.62% | 9.36% | 1.12x | 1.11x | $758.19K |
| 2015 | 9.13% | 7.76% | 1.05x | 1.12x | $-445.90K |
| 2016 | 12.80% | 10.64% | 1.07x | 1.13x | $1.75 Million |
| 2017 | 5.96% | 5.20% | 1.06x | 1.08x | $-2.60 Million |
| 2018 | 6.21% | 5.50% | 1.05x | 1.08x | $-2.61 Million |
| 2019 | 6.09% | 5.37% | 1.04x | 1.09x | $-2.93 Million |
| 2020 | 8.81% | 7.84% | 0.98x | 1.15x | $-982.33K |
| 2021 | 19.58% | 14.44% | 1.12x | 1.21x | $9.94 Million |
| 2022 | 33.45% | 18.22% | 1.18x | 1.55x | $34.60 Million |
| 2023 | 10.32% | 14.41% | 0.63x | 1.13x | $1.02 Million |
| 2024 | -4.52% | -7.47% | 0.53x | 1.14x | $-40.03 Million |
| 2025 | -3.14% | -5.36% | 0.49x | 1.20x | $-33.67 Million |
Industry Comparison
This section compares Clearfield Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $207,577,340
- Average return on equity (ROE) among peers: -34.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Clearfield Inc (CLFD) | $242.81 Million | 3.13% | 0.09x | $544.12 Million |
| Applied Opt (AAOI) | $20.68 Million | -25.77% | 1.60x | $2.97 Billion |
| ADTRAN Inc (ADTN) | $604.61 Million | 7.57% | 0.31x | $1.30 Billion |
| Airgain Inc (AIRG) | $45.15 Million | -5.72% | 0.17x | $58.36 Million |
| Akoustis Technologies, Inc. (AKTSQ) | $86.24 Million | -73.70% | 0.73x | $138.60K |
| Amplitech Group Inc (AMPG) | $556.32K | 82.02% | 0.41x | $75.54 Million |
| Actelis Networks Inc. (ASNS) | $3.27 Million | -336.36% | 3.54x | $684.96K |
| Ast Spacemobile Inc (ASTS) | $207.56 Million | -5.24% | 0.12x | $22.55 Billion |
| Aviat Networks Inc (AVNW) | $255.88 Million | 4.21% | 1.09x | $204.57 Million |
| Belden Inc (BDC) | $819.24 Million | 1.85% | 0.70x | $4.29 Billion |
| BK Technologies Inc (BKTI) | $32.60 Million | 3.37% | 0.76x | $310.35 Million |
About Clearfield Inc
Clearfield, Inc., together with its subsidiaries, designs, manufactures, and distributes fiber management, protection, and delivery products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical component integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and… Read more