Central Securities Corporation (CET) - Net Assets
Based on the latest financial reports, Central Securities Corporation (CET) has net assets worth $1.79 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.79 Billion) and total liabilities ($3.14 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. Also explore balance sheet size of Central Securities Corporation for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.79 Billion |
| % of Total Assets | 99.82% |
| Annual Growth Rate | 5.72% |
| 5-Year Change | 34.15% |
| 10-Year Change | 164.99% |
| Growth Volatility | 17.11 |
Central Securities Corporation - Net Assets Trend (1996–2025)
This chart illustrates how Central Securities Corporation's net assets have evolved over time, based on quarterly financial data. Check Central Securities Corporation (CET) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Central Securities Corporation (1996–2025)
The table below shows the annual net assets of Central Securities Corporation from 1996 to 2025. For live valuation and market cap data, see CET market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.79 Billion | +13.88% |
| 2024-12-31 | $1.57 Billion | +18.95% |
| 2023-12-31 | $1.32 Billion | +16.51% |
| 2022-12-31 | $1.13 Billion | -15.00% |
| 2021-12-31 | $1.33 Billion | +28.58% |
| 2020-12-31 | $1.04 Billion | +4.20% |
| 2019-12-31 | $994.75 Million | +29.97% |
| 2018-12-31 | $765.34 Million | -7.38% |
| 2017-12-31 | $826.33 Million | +22.48% |
| 2016-12-31 | $674.68 Million | +15.75% |
| 2015-12-31 | $582.87 Million | -10.29% |
| 2014-12-31 | $649.76 Million | +0.23% |
| 2013-12-31 | $648.26 Million | +13.84% |
| 2012-12-31 | $569.47 Million | -0.82% |
| 2011-12-31 | $574.19 Million | -3.26% |
| 2010-12-31 | $593.52 Million | +17.76% |
| 2009-12-31 | $504.00 Million | +26.82% |
| 2008-12-31 | $397.40 Million | -38.37% |
| 2007-12-31 | $644.80 Million | +4.47% |
| 2006-12-31 | $617.20 Million | +7.53% |
| 2005-12-31 | $574.00 Million | +8.40% |
| 2004-12-31 | $529.50 Million | +10.54% |
| 2003-12-31 | $479.00 Million | +32.36% |
| 2002-12-31 | $361.90 Million | -32.97% |
| 2001-12-31 | $539.90 Million | -9.46% |
| 2000-12-31 | $596.30 Million | +0.97% |
| 1999-12-31 | $590.60 Million | +23.95% |
| 1998-12-31 | $476.50 Million | +9.69% |
| 1997-12-31 | $434.40 Million | +21.78% |
| 1996-12-31 | $356.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Central Securities Corporation'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 73915.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.26 Billion | 70.38% |
| Common Stock | $29.55 Million | 1.65% |
| Other Comprehensive Income | $1.26 Billion | 70.38% |
| Total Equity | $1.79 Billion | 100.00% |
Central Securities Corporation Competitors by Market Cap
The table below lists competitors of Central Securities Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Acbel Polytech Inc
TW:6282
|
$1.56 Billion |
|
Hunan Oil Pump
SHG:603319
|
$1.56 Billion |
|
Shenzhen Forms Syntron Information Co Ltd
SHE:300468
|
$1.56 Billion |
|
Silicon2 Co. Ltd.
KQ:257720
|
$1.56 Billion |
|
DUERR AG UNSP.ADR 1/5
F:DUEB
|
$1.56 Billion |
|
IGNITIS GRUPE SP.GDR/1
F:IGV
|
$1.56 Billion |
|
Chengzhi Shareholding Co Ltd
SHE:000990
|
$1.56 Billion |
|
Fulltech Fiber Glass
TWO:1815
|
$1.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Central Securities Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,569,940,654 to 1,787,876,237, a change of 217,935,583 (13.9%).
- Net income of 265,214,717 contributed positively to equity growth.
- Dividend payments of 46,343,785 reduced retained earnings.
- Share repurchases of 935,350 reduced equity.
- Other comprehensive income increased equity by 1,258,266,083.
- Other factors decreased equity by 1,258,266,082.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $265.21 Million | +14.83% |
| Dividends Paid | $46.34 Million | -2.59% |
| Share Repurchases | $935.35K | -0.05% |
| Other Comprehensive Income | $1.26 Billion | +70.38% |
| Other Changes | $-1.26 Billion | -70.38% |
| Total Change | $- | 13.88% |
Book Value vs Market Value Analysis
This analysis compares Central Securities Corporation'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: 0.86x
- 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 2.15x to 0.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $24.70 | $53.15 | x |
| 1997-12-31 | $30.61 | $53.15 | x |
| 1998-12-31 | $32.04 | $53.15 | x |
| 1999-12-31 | $35.06 | $53.15 | x |
| 2000-12-31 | $32.94 | $53.15 | x |
| 2001-12-31 | $28.55 | $53.15 | x |
| 2002-12-31 | $18.71 | $53.15 | x |
| 2003-12-31 | $24.33 | $53.15 | x |
| 2004-12-31 | $26.45 | $53.15 | x |
| 2005-12-31 | $27.65 | $53.15 | x |
| 2006-12-31 | $29.64 | $53.15 | x |
| 2007-12-31 | $30.15 | $53.15 | x |
| 2008-12-31 | $17.80 | $53.15 | x |
| 2009-12-31 | $22.31 | $53.15 | x |
| 2010-12-31 | $26.06 | $53.15 | x |
| 2011-12-31 | $24.96 | $53.15 | x |
| 2012-12-31 | $22.45 | $53.15 | x |
| 2013-12-31 | $26.94 | $53.15 | x |
| 2014-12-31 | $24.80 | $53.15 | x |
| 2015-12-31 | $23.53 | $53.15 | x |
| 2016-12-31 | $27.12 | $53.15 | x |
| 2017-12-31 | $32.86 | $53.15 | x |
| 2018-12-31 | $30.02 | $53.15 | x |
| 2019-12-31 | $38.42 | $53.15 | x |
| 2020-12-31 | $39.49 | $53.15 | x |
| 2021-12-31 | $48.87 | $53.15 | x |
| 2022-12-31 | $41.48 | $53.15 | x |
| 2023-12-31 | $46.49 | $53.15 | x |
| 2024-12-31 | $55.30 | $53.15 | x |
| 2025-12-31 | $61.68 | $53.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Central Securities Corporation 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): 14.83%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 305.02%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.00x
- Recent ROE (14.83%) is above the historical average (8.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 21.06% | 1245.61% | 0.02x | 1.00x | $39.44 Million |
| 1997 | 21.44% | 1516.94% | 0.01x | 1.00x | $49.70 Million |
| 1998 | 11.69% | 795.43% | 0.01x | 1.00x | $8.03 Million |
| 1999 | 23.74% | 2071.79% | 0.01x | 1.00x | $81.19 Million |
| 2000 | 6.76% | 513.50% | 0.01x | 1.00x | $-19.32 Million |
| 2001 | -7.67% | -708.56% | 0.01x | 1.00x | $-95.36 Million |
| 2002 | -44.19% | -3297.53% | 0.01x | 1.00x | $-196.12 Million |
| 2003 | 28.47% | 3367.65% | 0.01x | 1.00x | $88.49 Million |
| 2004 | 13.13% | 1432.99% | 0.01x | 1.00x | $16.55 Million |
| 2005 | 11.85% | 784.54% | 0.02x | 1.00x | $10.62 Million |
| 2006 | 15.11% | 896.06% | 0.02x | 1.00x | $31.56 Million |
| 2007 | 8.46% | 468.81% | 0.02x | 1.00x | $-9.91 Million |
| 2008 | -52.83% | -1742.41% | 0.03x | 1.01x | $-249.70 Million |
| 2009 | 23.13% | 1135.96% | 0.02x | 1.00x | $66.15 Million |
| 2010 | 17.74% | 96.19% | 0.18x | 1.01x | $45.95 Million |
| 2011 | -0.22% | -40.80% | 0.01x | 1.00x | $-58.66 Million |
| 2012 | 2.27% | 74.16% | 0.03x | 1.01x | $-44.01 Million |
| 2013 | 22.08% | 96.83% | 0.23x | 1.00x | $78.34 Million |
| 2014 | 4.64% | 87.32% | 0.05x | 1.00x | $-34.85 Million |
| 2015 | -2.92% | 0.00% | -0.02x | 1.00x | $-75.33 Million |
| 2016 | 16.69% | 95.42% | 0.17x | 1.00x | $45.17 Million |
| 2017 | 20.48% | 96.77% | 0.21x | 1.00x | $86.57 Million |
| 2018 | -4.48% | 0.00% | -0.04x | 1.00x | $-110.81 Million |
| 2019 | 25.24% | 97.68% | 0.26x | 1.00x | $151.55 Million |
| 2020 | 7.11% | 92.27% | 0.08x | 1.00x | $-29.92 Million |
| 2021 | 26.53% | 98.13% | 0.27x | 1.00x | $220.32 Million |
| 2022 | -14.01% | 0.00% | -0.13x | 1.00x | $-271.95 Million |
| 2023 | 16.94% | 389.83% | 0.04x | 1.00x | $91.65 Million |
| 2024 | 18.34% | 97.22% | 0.19x | 1.00x | $130.98 Million |
| 2025 | 14.83% | 305.02% | 0.05x | 1.00x | $86.43 Million |
Industry Comparison
This section compares Central Securities Corporation's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,520,787,848
- Average return on equity (ROE) among peers: 0.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Central Securities Corporation (CET) | $1.79 Billion | 21.06% | 0.00x | $1.56 Billion |
| Acadian Asset Management Inc (AAMI) | $176.10 Million | 77.46% | 7.82x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.53 Billion | 10.80% | 0.00x | $3.38 Billion |
| Associated Capital Group Inc (AC) | $964.38 Million | 0.92% | 0.04x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $304.00 Million | 32.66% | 0.17x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $165.43 Million | -10.20% | 0.18x | $5.59 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $17.85 Million | -32.96% | 4.15x | $366.82 Million |
| Affiliated Managers Group Inc (AMG) | $4.97 Billion | 4.90% | 0.65x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $7.92 Billion | 7.96% | 12.14x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $-854.36 Million | 0.00% | 0.00x | $40.80 Million |
About Central Securities Corporation
Central Securities Corporation is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. Central Securities Corp. was founded on October 1, 1929 and is based i… Read more