Seaboard Corporation (SEB) - Net Assets
Based on the latest financial reports, Seaboard Corporation (SEB) has net assets worth $5.24 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 ($8.25 Billion) and total liabilities ($3.01 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. Check SEB asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.24 Billion |
| % of Total Assets | 63.49% |
| Annual Growth Rate | 9.92% |
| 5-Year Change | 18.06% |
| 10-Year Change | 64.88% |
| Growth Volatility | 9.7 |
Seaboard Corporation - Net Assets Trend (1985–2025)
This chart illustrates how Seaboard Corporation's net assets have evolved over time, based on quarterly financial data. Also explore Seaboard Corporation total assets for the complete picture of this company's asset base.
Annual Net Assets for Seaboard Corporation (1985–2025)
The table below shows the annual net assets of Seaboard Corporation from 1985 to 2025. For live valuation and market cap data, see market cap of Seaboard Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.24 Billion | +10.23% |
| 2024-12-31 | $4.75 Billion | +2.48% |
| 2023-12-31 | $4.63 Billion | -7.58% |
| 2022-12-31 | $5.01 Billion | +13.08% |
| 2021-12-31 | $4.43 Billion | +15.83% |
| 2020-12-31 | $3.83 Billion | +6.30% |
| 2019-12-31 | $3.60 Billion | +8.17% |
| 2018-12-31 | $3.33 Billion | -2.32% |
| 2017-12-31 | $3.41 Billion | +7.34% |
| 2016-12-31 | $3.17 Billion | +10.17% |
| 2015-12-31 | $2.88 Billion | +5.95% |
| 2014-12-31 | $2.72 Billion | +9.69% |
| 2013-12-31 | $2.48 Billion | +7.44% |
| 2012-12-31 | $2.31 Billion | +11.00% |
| 2011-12-31 | $2.08 Billion | +16.94% |
| 2010-12-31 | $1.78 Billion | +15.07% |
| 2009-12-31 | $1.55 Billion | +5.59% |
| 2008-12-31 | $1.46 Billion | +8.00% |
| 2007-12-31 | $1.36 Billion | +9.08% |
| 2006-12-31 | $1.24 Billion | +22.54% |
| 2005-12-31 | $1.01 Billion | +45.92% |
| 2004-12-31 | $694.82 Million | +31.59% |
| 2003-12-31 | $528.03 Million | +6.91% |
| 2002-12-31 | $493.88 Million | -7.39% |
| 2001-12-31 | $533.27 Million | -1.38% |
| 2000-12-31 | $540.73 Million | +20.38% |
| 1999-12-31 | $449.20 Million | -1.38% |
| 1998-12-31 | $455.50 Million | +14.16% |
| 1997-12-31 | $399.00 Million | +7.87% |
| 1996-12-31 | $369.90 Million | +1.12% |
| 1995-12-31 | $365.80 Million | +5.69% |
| 1994-12-31 | $346.10 Million | +13.70% |
| 1993-12-31 | $304.40 Million | +12.91% |
| 1992-12-31 | $269.60 Million | +12.66% |
| 1991-12-31 | $239.30 Million | +9.37% |
| 1990-12-31 | $218.80 Million | +15.52% |
| 1989-12-31 | $189.40 Million | +10.44% |
| 1988-12-31 | $171.50 Million | +18.93% |
| 1987-12-31 | $144.20 Million | +21.18% |
| 1985-12-31 | $119.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Seaboard 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 4808.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.55 Billion | 106.52% |
| Common Stock | $1.00 Million | 0.02% |
| Other Comprehensive Income | $-341.00 Million | -6.54% |
| Total Equity | $5.21 Billion | 100.00% |
Seaboard Corporation Competitors by Market Cap
The table below lists competitors of Seaboard Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ypsomed Holding AG
SW:YPSN
|
$3.85 Billion |
|
Endurance Technologies Limited
NSE:ENDURANCE
|
$3.85 Billion |
|
MeiHua Holdings Group Co Ltd
SHG:600873
|
$3.85 Billion |
|
Motor Oil (Hellas) Corinth Refineries S.A
AT:MOH
|
$3.85 Billion |
|
Societatea Nationala de Transport Gaze Naturale Transgaz SA
RO:TGN
|
$3.85 Billion |
|
Sinotruk Jinan Truck Co Ltd
SHE:000951
|
$3.84 Billion |
|
Sejong Telecom Inc
KQ:036630
|
$3.84 Billion |
|
Garrett Motion Inc
NASDAQ:GTX
|
$3.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seaboard Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,729,000,000 to 5,212,000,000, a change of 483,000,000 (10.2%).
- Net income of 496,000,000 contributed positively to equity growth.
- Dividend payments of 91,000,000 reduced retained earnings.
- Share repurchases of 39,000,000 reduced equity.
- Other comprehensive income increased equity by 35,000,000.
- Other factors increased equity by 82,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $496.00 Million | +9.52% |
| Dividends Paid | $91.00 Million | -1.75% |
| Share Repurchases | $39.00 Million | -0.75% |
| Other Comprehensive Income | $35.00 Million | +0.67% |
| Other Changes | $82.00 Million | +1.57% |
| Total Change | $- | 10.21% |
Book Value vs Market Value Analysis
This analysis compares Seaboard 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: 0.84x
- 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 56.65x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $80.15 | $4540.14 | x |
| 1987-12-31 | $96.64 | $4540.14 | x |
| 1988-12-31 | $115.29 | $4540.14 | x |
| 1989-12-31 | $127.21 | $4540.14 | x |
| 1990-12-31 | $147.25 | $4540.14 | x |
| 1991-12-31 | $161.19 | $4540.14 | x |
| 1992-12-31 | $181.09 | $4540.14 | x |
| 1993-12-31 | $204.52 | $4540.14 | x |
| 1994-12-31 | $232.44 | $4540.14 | x |
| 1995-12-31 | $245.70 | $4540.14 | x |
| 1996-12-31 | $250.64 | $4540.14 | x |
| 1997-12-31 | $267.96 | $4540.14 | x |
| 1998-12-31 | $302.62 | $4540.14 | x |
| 1999-12-31 | $246.62 | $4540.14 | x |
| 2000-12-31 | $363.47 | $4540.14 | x |
| 2001-12-31 | $354.37 | $4540.14 | x |
| 2002-12-31 | $327.21 | $4540.14 | x |
| 2003-12-31 | $414.77 | $4540.14 | x |
| 2004-12-31 | $551.91 | $4540.14 | x |
| 2005-12-31 | $777.20 | $4540.14 | x |
| 2006-12-31 | $953.97 | $4540.14 | x |
| 2007-12-31 | $1076.58 | $4540.14 | x |
| 2008-12-31 | $1172.92 | $4540.14 | x |
| 2009-12-31 | $1245.84 | $4540.14 | x |
| 2010-12-31 | $1450.22 | $4540.14 | x |
| 2011-12-31 | $1711.14 | $4540.14 | x |
| 2012-12-31 | $1914.56 | $4540.14 | x |
| 2013-12-31 | $2073.42 | $4540.14 | x |
| 2014-12-31 | $2304.65 | $4540.14 | x |
| 2015-12-31 | $2456.96 | $4540.14 | x |
| 2016-12-31 | $2701.29 | $4540.14 | x |
| 2017-12-31 | $2902.05 | $4540.14 | x |
| 2018-12-31 | $2834.68 | $4540.14 | x |
| 2019-12-31 | $3080.40 | $4540.14 | x |
| 2020-12-31 | $3286.19 | $4540.14 | x |
| 2021-12-31 | $3804.34 | $4540.14 | x |
| 2022-12-31 | $4304.01 | $4540.14 | x |
| 2023-12-31 | $4130.15 | $4540.14 | x |
| 2024-12-31 | $4869.96 | $4540.14 | x |
| 2025-12-31 | $5406.01 | $4540.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seaboard 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): 9.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.09%
- • Asset Turnover: 1.18x
- • Equity Multiplier: 1.58x
- Recent ROE (9.52%) is below the historical average (10.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 14.29% | 4.45% | 1.37x | 2.35x | $5.10 Million |
| 1987 | 3.26% | 1.32% | 1.17x | 2.11x | $-9.72 Million |
| 1988 | 16.38% | 6.27% | 1.42x | 1.84x | $10.95 Million |
| 1989 | 9.87% | 3.60% | 1.41x | 1.94x | $-240.00K |
| 1990 | 13.71% | 5.38% | 1.32x | 1.93x | $8.12 Million |
| 1991 | 8.86% | 2.42% | 1.91x | 1.91x | $-2.73 Million |
| 1992 | 11.54% | 2.95% | 2.18x | 1.79x | $4.14 Million |
| 1993 | 11.79% | 3.14% | 1.76x | 2.13x | $5.46 Million |
| 1994 | 10.17% | 3.58% | 1.46x | 1.95x | $590.00K |
| 1995 | 5.52% | 1.72% | 1.34x | 2.40x | $-16.38 Million |
| 1996 | 1.57% | 0.40% | 1.46x | 2.72x | $-31.19 Million |
| 1997 | 7.67% | 1.72% | 1.58x | 2.82x | $-9.30 Million |
| 1998 | 11.65% | 2.94% | 1.46x | 2.72x | $7.42 Million |
| 1999 | 0.04% | 0.02% | 0.98x | 2.87x | $-44.64 Million |
| 2000 | 18.29% | 6.25% | 1.21x | 2.43x | $44.84 Million |
| 2001 | 10.11% | 2.95% | 1.46x | 2.34x | $584.70K |
| 2002 | 2.78% | 0.74% | 1.43x | 2.63x | $-35.17 Million |
| 2003 | 6.12% | 1.61% | 1.49x | 2.55x | $-20.21 Million |
| 2004 | 24.27% | 6.26% | 1.87x | 2.07x | $98.83 Million |
| 2005 | 27.27% | 9.92% | 1.48x | 1.86x | $168.88 Million |
| 2006 | 21.50% | 9.55% | 1.38x | 1.63x | $138.36 Million |
| 2007 | 13.39% | 5.64% | 1.53x | 1.55x | $45.91 Million |
| 2008 | 10.07% | 3.44% | 1.83x | 1.60x | $983.50K |
| 2009 | 6.00% | 2.57% | 1.54x | 1.52x | $-61.69 Million |
| 2010 | 15.98% | 6.47% | 1.60x | 1.54x | $106.09 Million |
| 2011 | 16.64% | 6.02% | 1.91x | 1.45x | $137.95 Million |
| 2012 | 12.25% | 4.56% | 1.85x | 1.45x | $51.86 Million |
| 2013 | 8.29% | 3.08% | 1.95x | 1.38x | $-42.29 Million |
| 2014 | 13.45% | 5.64% | 1.76x | 1.35x | $93.68 Million |
| 2015 | 5.95% | 3.06% | 1.26x | 1.54x | $-116.60 Million |
| 2016 | 9.87% | 5.80% | 1.13x | 1.50x | $-4.20 Million |
| 2017 | 7.27% | 4.25% | 1.13x | 1.52x | $-92.70 Million |
| 2018 | -0.51% | -0.26% | 1.24x | 1.60x | $-348.80 Million |
| 2019 | 7.99% | 4.20% | 1.04x | 1.83x | $-72.10 Million |
| 2020 | 7.41% | 3.97% | 1.08x | 1.72x | $-98.70 Million |
| 2021 | 12.91% | 6.18% | 1.23x | 1.70x | $128.40 Million |
| 2022 | 11.61% | 5.16% | 1.42x | 1.58x | $80.40 Million |
| 2023 | 4.90% | 2.36% | 1.26x | 1.64x | $-235.60 Million |
| 2024 | 1.86% | 0.97% | 1.19x | 1.62x | $-384.90 Million |
| 2025 | 9.52% | 5.09% | 1.18x | 1.58x | $-25.20 Million |
Industry Comparison
This section compares Seaboard Corporation's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $29,956,194,119
- Average return on equity (ROE) among peers: 2.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seaboard Corporation (SEB) | $5.24 Billion | 14.29% | 0.58x | $3.85 Billion |
| Air T Inc (AIRT) | $1.80 Million | 38.89% | 1.72x | $57.24 Million |
| Alpine 4 Holdings Inc (ALPP) | $72.11 Million | -26.91% | 0.84x | $13.53K |
| Brookfield Business Corp (BBUC) | $2.63 Billion | -33.70% | 6.25x | $6.39 Billion |
| Boston Omaha Corp (BOC) | $640.60 Million | 8.23% | 0.26x | $341.77 Million |
| Dmc Global Inc (BOOM) | $3.90 Million | 15.38% | 0.62x | $106.32 Million |
| Compass Diversified Holdings (CODI) | $928.94 Million | -6.38% | 2.76x | $740.32 Million |
| Deluxe Corporation (DLX) | $647.50 Million | 30.86% | 1.61x | $1.21 Billion |
| Falcon's Beyond Global, Inc. Class A Common Stock (FBYD) | $-488.99 Million | 0.00% | 0.00x | $433.94 Million |
| FTAI Infrastructure Inc. (FIP) | $738.09 Million | -16.44% | 2.22x | $574.27 Million |
| Fujikura Ltd (FJIKY) | $294.38 Billion | 13.89% | 1.23x | $11.94 Billion |
About Seaboard Corporation
Seaboard Corporation, together with its subsidiaries, operates in agricultural, energy, and ocean transportation business worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Liquid Fuels, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; and hogs. The CT… Read more