The Gap, Inc. (GAP) - Net Assets
Based on the latest financial reports, The Gap, Inc. (GAP) has net assets worth $3.65 Billion USD as of April 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.14 Billion) and total liabilities ($8.48 Billion). 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. Also explore The Gap, Inc. asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.65 Billion |
| % of Total Assets | 30.11% |
| Annual Growth Rate | 8.39% |
| 5-Year Change | 39.64% |
| 10-Year Change | 30.89% |
| Growth Volatility | 18.8 |
The Gap, Inc. - Net Assets Trend (1986–2026)
This chart illustrates how The Gap, Inc.'s net assets have evolved over time, based on quarterly financial data. Check The Gap, Inc. tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for The Gap, Inc. (1986–2026)
The table below shows the annual net assets of The Gap, Inc. from 1986 to 2026. For live valuation and market cap data, see GAP company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-01-31 | $3.80 Billion | +16.45% |
| 2025-01-31 | $3.26 Billion | +25.78% |
| 2024-01-31 | $2.60 Billion | +16.21% |
| 2023-01-31 | $2.23 Billion | -17.96% |
| 2022-01-31 | $2.72 Billion | +4.13% |
| 2021-01-31 | $2.61 Billion | -21.17% |
| 2020-01-31 | $3.32 Billion | -6.67% |
| 2019-01-31 | $3.55 Billion | +13.01% |
| 2018-01-31 | $3.14 Billion | +8.26% |
| 2017-01-31 | $2.90 Billion | +14.11% |
| 2016-01-31 | $2.54 Billion | -14.68% |
| 2015-01-31 | $2.98 Billion | -2.58% |
| 2014-01-31 | $3.06 Billion | +5.81% |
| 2013-01-31 | $2.89 Billion | +5.05% |
| 2012-01-31 | $2.75 Billion | -32.48% |
| 2011-01-31 | $4.08 Billion | -16.58% |
| 2010-01-31 | $4.89 Billion | +11.49% |
| 2009-01-31 | $4.39 Billion | +2.64% |
| 2008-01-31 | $4.27 Billion | -17.39% |
| 2007-01-31 | $5.17 Billion | -4.63% |
| 2006-01-31 | $5.42 Billion | +9.91% |
| 2005-01-31 | $4.94 Billion | +3.20% |
| 2004-01-31 | $4.78 Billion | +30.75% |
| 2003-01-31 | $3.66 Billion | +24.93% |
| 2001-01-31 | $2.93 Billion | +31.13% |
| 2000-01-31 | $2.23 Billion | +41.89% |
| 1999-01-31 | $1.57 Billion | -0.65% |
| 1998-01-31 | $1.58 Billion | -4.26% |
| 1997-01-31 | $1.65 Billion | +0.85% |
| 1996-01-31 | $1.64 Billion | +19.29% |
| 1995-01-31 | $1.38 Billion | +22.08% |
| 1994-01-31 | $1.13 Billion | +26.89% |
| 1993-01-31 | $887.80 Million | +30.98% |
| 1992-01-31 | $677.80 Million | +45.54% |
| 1991-01-31 | $465.70 Million | +37.78% |
| 1990-01-31 | $338.00 Million | +22.29% |
| 1989-01-31 | $276.40 Million | +1.28% |
| 1988-01-31 | $272.90 Million | +28.73% |
| 1987-01-31 | $212.00 Million | +39.84% |
| 1986-01-31 | $151.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Gap, 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 2970.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.61 Billion | 94.92% |
| Common Stock | $19.00 Million | 0.50% |
| Other Comprehensive Income | $38.00 Million | 1.00% |
| Other Components | $136.00 Million | 3.58% |
| Total Equity | $3.80 Billion | 100.00% |
The Gap, Inc. Competitors by Market Cap
The table below lists competitors of The Gap, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Impulsora del Desarrollo y el Empleo en América Latina S.A.B. de C.V
MX:IDEALB-1
|
$7.07 Billion |
|
Goldenmax International Technology Ltd
SHE:002636
|
$7.08 Billion |
|
Praxis Precision Medicines Inc
NASDAQ:PRAX
|
$7.08 Billion |
|
Delivery Hero SE
XETRA:DHER
|
$7.08 Billion |
|
Healthcare Realty Trust Incorporated
NYSE:HR
|
$7.07 Billion |
|
Maxis Bhd
KLSE:6012
|
$7.06 Billion |
|
E Ink Holdings
TWO:8069
|
$7.06 Billion |
|
Sartorius Aktiengesellschaft
F:SRT
|
$7.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Gap, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 3,264,000,000 to 3,801,000,000, a change of 537,000,000 (16.5%).
- Net income of 816,000,000 contributed positively to equity growth.
- Dividend payments of 247,000,000 reduced retained earnings.
- Share repurchases of 155,000,000 reduced equity.
- Other comprehensive income decreased equity by 22,000,000.
- Other factors increased equity by 145,000,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $816.00 Million | +21.47% |
| Dividends Paid | $247.00 Million | -6.5% |
| Share Repurchases | $155.00 Million | -4.08% |
| Other Comprehensive Income | $-22.00 Million | -0.58% |
| Other Changes | $145.00 Million | +3.81% |
| Total Change | $- | 16.45% |
Book Value vs Market Value Analysis
This analysis compares The Gap, 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: 1.99x
- 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 119.68x to 1.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-01-31 | $0.16 | $19.65 | x |
| 1987-01-31 | $0.22 | $19.65 | x |
| 1988-01-31 | $0.27 | $19.65 | x |
| 1989-01-31 | $0.26 | $19.65 | x |
| 1990-01-31 | $0.35 | $19.65 | x |
| 1991-01-31 | $0.48 | $19.65 | x |
| 1992-01-31 | $0.71 | $19.65 | x |
| 1993-01-31 | $0.93 | $19.65 | x |
| 1994-01-31 | $1.18 | $19.65 | x |
| 1995-01-31 | $1.42 | $19.65 | x |
| 1996-01-31 | $1.71 | $19.65 | x |
| 1997-01-31 | $1.72 | $19.65 | x |
| 1998-01-31 | $1.72 | $19.65 | x |
| 1999-01-31 | $1.74 | $19.65 | x |
| 2000-01-31 | $2.50 | $19.65 | x |
| 2001-01-31 | $3.33 | $19.65 | x |
| 2003-01-31 | $4.14 | $19.65 | x |
| 2004-01-31 | $4.70 | $19.65 | x |
| 2005-01-31 | $4.98 | $19.65 | x |
| 2006-01-31 | $6.01 | $19.65 | x |
| 2007-01-31 | $6.19 | $19.65 | x |
| 2008-01-31 | $5.38 | $19.65 | x |
| 2009-01-31 | $6.28 | $19.65 | x |
| 2010-01-31 | $7.00 | $19.65 | x |
| 2011-01-31 | $6.37 | $19.65 | x |
| 2012-01-31 | $5.17 | $19.65 | x |
| 2013-01-31 | $5.93 | $19.65 | x |
| 2014-01-31 | $6.56 | $19.65 | x |
| 2015-01-31 | $6.78 | $19.65 | x |
| 2016-01-31 | $6.16 | $19.65 | x |
| 2017-01-31 | $7.26 | $19.65 | x |
| 2018-01-31 | $7.94 | $19.65 | x |
| 2019-01-31 | $9.16 | $19.65 | x |
| 2020-01-31 | $8.77 | $19.65 | x |
| 2021-01-31 | $6.99 | $19.65 | x |
| 2022-01-31 | $7.11 | $19.65 | x |
| 2023-01-31 | $6.08 | $19.65 | x |
| 2024-01-31 | $6.90 | $19.65 | x |
| 2025-01-31 | $8.50 | $19.65 | x |
| 2026-01-31 | $9.90 | $19.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Gap, 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): 21.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.31%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 3.32x
- Recent ROE (21.47%) is below the historical average (24.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 18.27% | 4.28% | 2.38x | 1.79x | $12.54 Million |
| 1987 | 32.12% | 8.03% | 2.33x | 1.72x | $46.90 Million |
| 1988 | 25.50% | 6.55% | 2.45x | 1.59x | $42.31 Million |
| 1989 | 26.85% | 5.93% | 2.60x | 1.74x | $46.56 Million |
| 1990 | 28.88% | 6.15% | 2.74x | 1.71x | $63.80 Million |
| 1991 | 31.03% | 7.47% | 2.49x | 1.67x | $97.93 Million |
| 1992 | 33.92% | 9.13% | 2.20x | 1.69x | $162.12 Million |
| 1993 | 23.73% | 7.12% | 2.15x | 1.55x | $121.92 Million |
| 1994 | 22.94% | 7.84% | 1.87x | 1.57x | $145.75 Million |
| 1995 | 23.28% | 8.60% | 1.86x | 1.46x | $182.68 Million |
| 1996 | 21.58% | 8.05% | 1.88x | 1.43x | $189.95 Million |
| 1997 | 27.37% | 8.57% | 2.01x | 1.59x | $287.45 Million |
| 1998 | 33.71% | 8.20% | 1.95x | 2.11x | $375.50 Million |
| 1999 | 52.39% | 9.11% | 2.28x | 2.52x | $667.13 Million |
| 2000 | 50.47% | 9.69% | 2.24x | 2.32x | $903.80 Million |
| 2001 | 29.97% | 6.42% | 1.95x | 2.39x | $584.67 Million |
| 2003 | 13.05% | 3.30% | 1.46x | 2.71x | $111.64 Million |
| 2004 | 22.16% | 6.50% | 1.53x | 2.23x | $565.20 Million |
| 2005 | 23.30% | 7.07% | 1.62x | 2.04x | $656.40 Million |
| 2006 | 20.52% | 6.95% | 1.82x | 1.63x | $570.50 Million |
| 2007 | 15.04% | 4.88% | 1.87x | 1.65x | $260.60 Million |
| 2008 | 19.49% | 5.28% | 2.01x | 1.83x | $405.60 Million |
| 2009 | 25.12% | 7.59% | 1.92x | 1.72x | $663.30 Million |
| 2010 | 22.53% | 7.76% | 1.78x | 1.63x | $612.90 Million |
| 2011 | 29.51% | 8.21% | 2.08x | 1.73x | $796.00 Million |
| 2012 | 30.24% | 5.73% | 1.96x | 2.69x | $557.50 Million |
| 2013 | 39.22% | 7.25% | 2.10x | 2.58x | $845.60 Million |
| 2014 | 41.80% | 7.93% | 2.06x | 2.56x | $973.80 Million |
| 2015 | 42.31% | 7.68% | 2.14x | 2.58x | $963.70 Million |
| 2016 | 36.15% | 5.82% | 2.11x | 2.94x | $665.50 Million |
| 2017 | 23.28% | 4.36% | 2.04x | 2.62x | $385.60 Million |
| 2018 | 26.97% | 5.35% | 1.98x | 2.54x | $533.60 Million |
| 2019 | 28.23% | 6.05% | 2.06x | 2.27x | $647.70 Million |
| 2020 | 10.59% | 2.14% | 1.20x | 4.13x | $19.40 Million |
| 2021 | -25.44% | -4.82% | 1.00x | 5.27x | $-926.40 Million |
| 2022 | 9.40% | 1.54% | 1.31x | 4.69x | $-16.20 Million |
| 2023 | -9.05% | -1.29% | 1.37x | 5.10x | $-425.30 Million |
| 2024 | 19.34% | 3.37% | 1.35x | 4.26x | $242.50 Million |
| 2025 | 25.86% | 5.59% | 1.27x | 3.64x | $517.60 Million |
| 2026 | 21.47% | 5.31% | 1.22x | 3.32x | $435.90 Million |
Industry Comparison
This section compares The Gap, Inc.'s net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $421,408,100
- Average return on equity (ROE) among peers: 10.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Gap, Inc. (GAP) | $3.65 Billion | 18.27% | 2.32x | $7.07 Billion |
| American Eagle Outfitters Inc (AEO) | $1.58 Billion | 10.71% | 0.35x | $2.59 Billion |
| AKA Brands Holding Corp (AKA) | $117.63 Million | -22.09% | 2.27x | $95.78 Million |
| Abercrombie & Fitch Company (ANF) | $311.09 Million | 48.09% | 0.47x | $3.50 Billion |
| Allbirds Inc (BIRD) | $185.33 Million | -82.26% | 0.78x | $15.65 Million |
| Buckle Inc (BKE) | $233.70 Million | 14.06% | 0.13x | $2.23 Billion |
| Boot Barn Holdings Inc (BOOT) | $142.42 Million | 9.64% | 1.29x | $4.54 Billion |
| BrilliA Inc (BRIA) | $18.07 Million | 15.58% | 0.57x | $40.75 Million |
| Burlington Stores Inc (BURL) | $528.15 Million | 88.07% | 9.59x | $18.67 Billion |
| Caleres Inc (CAL) | $718.96 Million | 12.13% | 1.07x | $406.91 Million |
| Cato Corporation (CATO) | $380.20 Million | 15.60% | 0.60x | $59.82 Million |
About The Gap, Inc.
The Gap, Inc. operates as an apparel retail company in the United States, Canada, Japan, Taiwan, and internationally. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. The company offers its products through company-operated stores, franchise stores, websites, and third-party arrangements,… Read more