Phoenix New Media Limited (FENG) - Net Assets

Latest as of March 2026: $1.08 Billion USD

Based on the latest financial reports, Phoenix New Media Limited (FENG) has net assets worth $1.08 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 ($1.59 Billion) and total liabilities ($506.78 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 tangible equity quality of Phoenix New Media Limited to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	$1.08 Billion
% of Total Assets	68.15%
Annual Growth Rate	25.6%
5-Year Change	-20.17%
10-Year Change	-48.71%
Growth Volatility	232.97

Phoenix New Media Limited - Net Assets Trend (2009–2025)

This chart illustrates how Phoenix New Media Limited's net assets have evolved over time, based on quarterly financial data. See how many days can Phoenix New Media Limited fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Phoenix New Media Limited (2009–2025)

The table below shows the annual net assets of Phoenix New Media Limited from 2009 to 2025. For live valuation and market cap data, see FENG market cap overview.

Year	Net Assets	Change
2025-12-31	$1.11 Billion	-0.39%
2024-12-31	$1.11 Billion	-4.32%
2023-12-31	$1.16 Billion	-8.03%
2022-12-31	$1.27 Billion	-8.92%
2021-12-31	$1.39 Billion	-16.52%
2020-12-31	$1.66 Billion	-53.05%
2019-12-31	$3.54 Billion	+4.53%
2018-12-31	$3.39 Billion	+35.55%
2017-12-31	$2.50 Billion	+15.66%
2016-12-31	$2.16 Billion	+19.82%
2015-12-31	$1.80 Billion	+5.13%
2014-12-31	$1.72 Billion	+8.99%
2013-12-31	$1.58 Billion	+15.27%
2012-12-31	$1.37 Billion	+4.56%
2011-12-31	$1.31 Billion	+342.64%
2010-12-31	$295.22 Million	+920.97%
2009-12-31	$28.92 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Phoenix New Media Limited'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 56781634900.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	$39.58 Million	3.38%
Other Comprehensive Income	$-41.81 Million	-3.57%
Other Components	$1.74 Billion	148.64%
Total Equity	$1.17 Billion	100.00%

Phoenix New Media Limited Competitors by Market Cap

The table below lists competitors of Phoenix New Media Limited ranked by their market capitalization.

Company	Market Cap
ENENSYS Technologies SA PA:ALNN6	$8.38 Million
Quoin Pharmaceuticals Ltd DRC NASDAQ:QNRX	$8.39 Million
Express Transindo Utama Tbk JK:TAXI	$8.39 Million
Conduit Holdings Ltd LSE:CRE	$8.39 Million
Spago Nanomedical AB ST:SPAGO	$8.37 Million
Wahana Pronatural JK:WAPO	$8.36 Million
Jungo Connectivity Ltd TA:JNGO	$8.35 Million
Nyrstar NV BR:NYR	$8.35 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Phoenix New Media Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,175,267,000 to 1,171,888,771, a change of -3,378,229 (-0.3%).
Net income of 336,000 contributed positively to equity growth.
Other comprehensive income decreased equity by 4,503,601.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	$336.00K	+0.03%
Other Comprehensive Income	$-4.50 Million	-0.38%
Other Changes	$789.37K	+0.07%
Total Change	$-	-0.29%

Book Value vs Market Value Analysis

This analysis compares Phoenix New Media Limited'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: 0.00x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 0.54x to 0.00x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-12-31	$2.88	$1.55	x
2010-12-31	$43.33	$1.55	x
2011-12-31	$120.81	$1.55	x
2012-12-31	$101.88	$1.55	x
2013-12-31	$121.17	$1.55	x
2014-12-31	$134.07	$1.55	x
2015-12-31	$149.23	$1.55	x
2016-12-31	$180.16	$1.55	x
2017-12-31	$203.85	$1.55	x
2018-12-31	$254.40	$1.55	x
2019-12-31	$274.56	$1.55	x
2020-12-31	$134.83	$1.55	x
2021-12-31	$117.66	$1.55	x
2022-12-31	$108.76	$1.55	x
2023-12-31	$100.99	$1.55	x
2024-12-31	$98.59	$1.55	x
2025-12-31	$4683.36	$1.55	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Phoenix New Media Limited 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): 0.03%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.04%
• Asset Turnover: 0.46x
• Equity Multiplier: 1.41x
Recent ROE (0.03%) is below the historical average (5.39%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	0.99%	0.11%	5.70x	1.59x	$-2.60 Million
2010	25.09%	14.01%	1.18x	1.51x	$44.56 Million
2011	7.84%	10.78%	0.61x	1.20x	$-28.20 Million
2012	7.86%	9.66%	0.66x	1.23x	$-29.27 Million
2013	17.79%	19.63%	0.69x	1.31x	$122.44 Million
2014	15.33%	16.06%	0.70x	1.36x	$91.43 Million
2015	4.08%	4.57%	0.63x	1.42x	$-106.98 Million
2016	3.72%	5.58%	0.46x	1.46x	$-135.97 Million
2017	1.49%	2.38%	0.44x	1.44x	$-213.28 Million
2018	-2.05%	-4.59%	0.30x	1.50x	$-371.19 Million
2019	21.85%	54.82%	0.25x	1.60x	$394.77 Million
2020	23.25%	31.47%	0.44x	1.69x	$216.79 Million
2021	-14.41%	-19.96%	0.43x	1.69x	$-348.44 Million
2022	-8.31%	-13.96%	0.39x	1.54x	$-241.60 Million
2023	-8.37%	-14.81%	0.39x	1.44x	$-225.00 Million
2024	-4.56%	-7.61%	0.41x	1.46x	$-171.08 Million
2025	0.03%	0.04%	0.46x	1.41x	$-116.85 Million

Industry Comparison

This section compares Phoenix New Media Limited's net assets metrics with peer companies in the Internet Content & Information industry.

Industry Context

Industry: Internet Content & Information
Average net assets among peers: $5,807,812,379
Average return on equity (ROE) among peers: -86.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Phoenix New Media Limited (FENG)	$1.08 Billion	0.99%	0.47x	$8.37 Million
Calibre (ALWIN)	$1.45 Million	-739.24%	13.88x	$8.50 Million
ANGI Homeservices Inc (ANGI)	$-22.17 Million	0.00%	0.00x	$203.05 Million
Arena Group Holdings Inc (AREN)	$2.98 Million	-210.62%	1.20x	$72.36 Million
Autohome Inc (ATHM)	$2.88 Billion	118.40%	0.26x	$2.14 Billion
Baidu Inc (BIDU)	$27.22 Billion	38.42%	0.68x	$31.09 Billion
Bilibili Inc (BILI)	$14.40 Billion	-33.48%	1.30x	$5.80 Billion
Bumble Inc (BMBL)	$2.45 Billion	-3.25%	0.50x	$386.08 Million
The Beachbody Company, Inc. (BODI)	$385.38 Million	-59.26%	0.65x	$39.53 Million
The Beachbody Company, Inc. (BODI)	$87.40 Million	36.95%	2.33x	$48.17 Million
Kanzhun Ltd ADR (BZ)	$10.67 Billion	-10.03%	0.28x	$5.37 Billion

About Phoenix New Media Limited

NYSE:FENG USA Internet Content & Information

Market Cap

$8.37 Million

Market Cap Rank

#27478 Global

#5604 in USA

Share Price

$1.55

Change (1 day)

-2.52%

52-Week Range

$1.55 - $3.13

All Time High

$15.00