Potbelly Co
Potbelly Corporation, together with its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc. and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois. As of October 22, 2025, Potbelly Corporation operates as a subsidi… Read more
Potbelly Co (PBPB) - Net Assets
Latest net assets as of June 2025: $61.10 Million USD
Based on the latest financial reports, Potbelly Co (PBPB) has net assets worth $61.10 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($265.24 Million) and total liabilities ($204.14 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $61.10 Million |
| % of Total Assets | 23.03% |
| Annual Growth Rate | 0.47% |
| 5-Year Change | 954.56% |
| 10-Year Change | -55.5% |
| Growth Volatility | 122.13 |
Potbelly Co - Net Assets Trend (2011–2024)
This chart illustrates how Potbelly Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Potbelly Co (2011–2024)
The table below shows the annual net assets of Potbelly Co from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $57.95 Million | +311.18% |
| 2023-12-31 | $14.09 Million | +229.82% |
| 2022-12-31 | $4.27 Million | +276.79% |
| 2021-12-31 | $-2.42 Million | -143.99% |
| 2020-12-31 | $5.50 Million | -92.06% |
| 2019-12-31 | $69.17 Million | -27.60% |
| 2018-12-31 | $95.53 Million | -18.51% |
| 2017-12-31 | $117.24 Million | -5.63% |
| 2016-12-31 | $124.24 Million | -4.59% |
| 2015-12-31 | $130.21 Million | -16.70% |
| 2014-12-31 | $156.32 Million | +1.99% |
| 2013-12-31 | $153.27 Million | +87.80% |
| 2012-12-31 | $81.61 Million | +49.63% |
| 2011-12-31 | $54.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Potbelly Co'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 decreased by 10609300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $398.00K | 0.68% |
| Other Comprehensive Income | $1.74 Million | 2.99% |
| Other Components | $349.75 Million | 599.02% |
| Total Equity | $58.39 Million | 100.00% |
Potbelly Co Competitors by Market Cap
The table below lists competitors of Potbelly Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Regenxbio Inc
NASDAQ:RGNX
|
$360.15 Million |
|
Hwaxin Environmental Co. Ltd. A
SHE:301265
|
$360.26 Million |
|
E2open Parent Holdings Inc
NYSE:ETWO
|
$360.37 Million |
|
Finnair Oyj
PINK:FNNNF
|
$360.48 Million |
|
PT Berkah Beton Sadaya Tbk
OTCQX:BHBSY
|
$360.00 Million |
|
Vanda Pharmaceuticals Inc
NASDAQ:VNDA
|
$359.97 Million |
|
Thinking Electronic Industrial Co Ltd
TW:2428
|
$359.94 Million |
|
Hunan Baili Engineering Sci
SHG:603959
|
$359.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Potbelly Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,693,000 to 58,387,000, a change of 43,694,000 (297.4%).
- Net income of 40,294,000 contributed positively to equity growth.
- Share repurchases of 1,393,000 reduced equity.
- Other comprehensive income decreased equity by 474,001.
- Other factors increased equity by 5,267,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $40.29 Million | +69.01% |
| Share Repurchases | $1.39 Million | -2.39% |
| Other Comprehensive Income | $-474.00K | -0.81% |
| Other Changes | $5.27 Million | +9.02% |
| Total Change | $- | 297.38% |
Book Value vs Market Value Analysis
This analysis compares Potbelly Co'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: 9.01x
- 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 increased from 7.15x to 9.01x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $2.39 | $17.12 | x |
| 2012-12-31 | $3.57 | $17.12 | x |
| 2013-12-31 | $15.10 | $17.12 | x |
| 2014-12-31 | $5.15 | $17.12 | x |
| 2015-12-31 | $4.52 | $17.12 | x |
| 2016-12-31 | $4.71 | $17.12 | x |
| 2017-12-31 | $4.66 | $17.12 | x |
| 2018-12-31 | $3.78 | $17.12 | x |
| 2019-12-31 | $2.89 | $17.12 | x |
| 2020-12-31 | $0.24 | $17.12 | x |
| 2021-12-31 | $-0.08 | $17.12 | x |
| 2022-12-31 | $0.15 | $17.12 | x |
| 2023-12-31 | $0.49 | $17.12 | x |
| 2024-12-31 | $1.90 | $17.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Potbelly Co 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): 69.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.71%
- • Asset Turnover: 1.76x
- • Equity Multiplier: 4.51x
- Recent ROE (69.01%) is above the historical average (-66.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 13.14% | 3.01% | 2.40x | 1.82x | $1.71 Million |
| 2012 | 29.53% | 8.75% | 2.17x | 1.56x | $15.90 Million |
| 2013 | 0.82% | 0.42% | 1.61x | 1.22x | $-14.05 Million |
| 2014 | 2.79% | 1.33% | 1.70x | 1.23x | $-11.25 Million |
| 2015 | 4.35% | 1.51% | 2.14x | 1.35x | $-7.31 Million |
| 2016 | 6.65% | 2.02% | 2.32x | 1.42x | $-4.14 Million |
| 2017 | -5.96% | -1.62% | 2.51x | 1.46x | $-18.63 Million |
| 2018 | -9.33% | -2.10% | 2.76x | 1.61x | $-18.40 Million |
| 2019 | -34.26% | -5.76% | 1.23x | 4.83x | $-30.47 Million |
| 2020 | -1138.16% | -22.55% | 1.03x | 49.11x | $-66.25 Million |
| 2021 | 0.00% | -6.26% | 1.50x | 0.00x | $-23.55 Million |
| 2022 | 97.05% | 0.96% | 1.84x | 54.76x | $3.90 Million |
| 2023 | 34.84% | 1.04% | 1.95x | 17.18x | $3.65 Million |
| 2024 | 69.01% | 8.71% | 1.76x | 4.51x | $34.46 Million |
Industry Comparison
This section compares Potbelly Co's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $1,100,683,888
- Average return on equity (ROE) among peers: -9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Potbelly Co (PBPB) | $61.10 Million | 13.14% | 3.34x | $360.01 Million |
| Alsea S.A.B. de C.V (ALSSF) | $9.60 Billion | 31.08% | 7.07x | $902.51 Million |
| Arcos Dorados Holdings Inc (ARCO) | $695.30 Million | 7.75% | 2.14x | $952.86 Million |
| AmRest Holdings SE (ARHOF) | $264.70 Million | -68.76% | 6.99x | $477.90 Million |
| Ark Restaurants Corp (ARKR) | $7.80 Million | -3.85% | 0.72x | $10.36 Million |
| Big Buck Brewery & Steakhouse Inc (BBUCQ) | $5.62 Million | -39.20% | 3.43x | $1.94 |
| Flanigans Enterprises Inc (BDL) | $7.67 Million | 17.79% | 0.46x | $18.25 Million |
| Bagger Dave's Burger Tavern Inc (BDVB) | $2.41 Million | -143.08% | 1.53x | $654.12K |
| BurgerFi International, Inc. (BFICQ) | $78.95 Million | -131.01% | 2.51x | $1.57K |
| Biglari Holdings Inc (BH-A) | $1.80 Million | 233.33% | 36.28x | $310.04 Million |
| BJs Restaurants Inc (BJRI) | $345.51 Million | 1.18% | 2.51x | $663.68 Million |