Noah Holdings Ltd Net Assets
Noah Holdings Ltd net assets. Based on the latest financial reports, Noah Holdings Ltd (NOAH) has net assets worth $9.93 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 ($11.61 Billion) and total liabilities ($1.68 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 Noah Holdings Ltd equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.93 Billion |
| % of Total Assets | 85.52% |
| Annual Growth Rate | 54.35% |
| 5-Year Change | 22.62% |
| 10-Year Change | 194.37% |
| Growth Volatility | 509.4 |
Net Assets of Noah Holdings Ltd (2007–2025)
Net assets of Noah Holdings Ltd from 2007 to 2025. This chart illustrates how Noah Holdings Ltd's net assets have evolved over time, based on quarterly financial data. See how leveraged is Noah Holdings Ltd's balance sheet to measure how much of total assets are equity-financed.
Annual Net Assets for Noah Holdings Ltd (2007–2025)
The table below shows the annual net assets of Noah Holdings Ltd from 2007 to 2025. For live market cap and overall valuation, see market value of Noah Holdings Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $9.98 Billion | -0.30% |
| 2024-12-31 | $10.01 Billion | -3.98% |
| 2023-12-31 | $10.43 Billion | +9.76% |
| 2022-12-31 | $9.50 Billion | +16.69% |
| 2021-12-31 | $8.14 Billion | +11.88% |
| 2020-12-31 | $7.28 Billion | -7.59% |
| 2019-12-31 | $7.87 Billion | +27.52% |
| 2018-12-31 | $6.18 Billion | +36.99% |
| 2017-12-31 | $4.51 Billion | +32.92% |
| 2016-12-31 | $3.39 Billion | +33.83% |
| 2015-12-31 | $2.53 Billion | +30.63% |
| 2014-12-31 | $1.94 Billion | +36.10% |
| 2013-12-31 | $1.43 Billion | +30.11% |
| 2012-12-31 | $1.10 Billion | +8.25% |
| 2011-12-31 | $1.01 Billion | +15.92% |
| 2010-12-31 | $873.04 Million | +2235.62% |
| 2009-12-31 | $37.38 Million | +394.27% |
| 2008-12-31 | $7.56 Million | +87.36% |
| 2007-12-31 | $4.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noah Holdings Ltd'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 511987.1% over the analyzed period, indicating profitable operations and earnings retention.
Noah Holdings Ltd Net Assets Breakdown (December 2025)
Noah Holdings Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.82 Billion | 59.18% |
| Common Stock | $113.00K | 0.00% |
| Other Comprehensive Income | $41.75 Million | 0.42% |
| Other Components | $3.97 Billion | 40.40% |
| Total Equity | $9.83 Billion | 100.00% |
Noah Holdings Ltd Competitors by Market Cap
The table below lists competitors of Noah Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shaanxi Xinghua Chemistry Co Ltd
SHE:002109
|
$465.03 Million |
|
Materials Analysis Technology
TWO:3587
|
$465.11 Million |
|
Concord International Securities Co Ltd
TWO:5864
|
$465.37 Million |
|
Chongqing Yukaifa Co Ltd
SHE:000514
|
$465.48 Million |
|
Metallurgical Corporation of China Ltd
F:6MT
|
$464.67 Million |
|
Shandong Chenming Paper Holdings Ltd
SHE:000488
|
$464.54 Million |
|
Luxfer Holdings PLC
NYSE:LXFR
|
$464.51 Million |
|
Heliostar Metals Ltd
V:HSTR
|
$464.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noah Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,945,848,000 to 9,826,851,000, a change of -118,997,000 (-1.2%).
- Net income of 558,857,000 contributed positively to equity growth.
- Dividend payments of 546,770,000 reduced retained earnings.
- Share repurchases of 52,295,000 reduced equity.
- Other comprehensive income decreased equity by 144,797,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $558.86 Million | +5.69% |
| Dividends Paid | $546.77 Million | -5.56% |
| Share Repurchases | $52.30 Million | -0.53% |
| Other Comprehensive Income | $-144.80 Million | -1.47% |
| Other Changes | $66.01 Million | +0.67% |
| Total Change | $- | -1.20% |
Book Value vs Market Value Analysis
This analysis compares Noah Holdings Ltd'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: 0.01x
- 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 15.25x to 0.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $0.44 | $6.77 | x |
| 2008-12-31 | $0.83 | $6.77 | x |
| 2009-12-31 | $5.55 | $6.77 | x |
| 2010-12-31 | $114.69 | $6.77 | x |
| 2011-12-31 | $88.71 | $6.77 | x |
| 2012-12-31 | $96.28 | $6.77 | x |
| 2013-12-31 | $121.40 | $6.77 | x |
| 2014-12-31 | $165.21 | $6.77 | x |
| 2015-12-31 | $42.03 | $6.77 | x |
| 2016-12-31 | $56.45 | $6.77 | x |
| 2017-12-31 | $366.25 | $6.77 | x |
| 2018-12-31 | $475.22 | $6.77 | x |
| 2019-12-31 | $566.99 | $6.77 | x |
| 2020-12-31 | $579.09 | $6.77 | x |
| 2021-12-31 | $595.05 | $6.77 | x |
| 2022-12-31 | $687.59 | $6.77 | x |
| 2023-12-31 | $741.92 | $6.77 | x |
| 2024-12-31 | $705.68 | $6.77 | x |
| 2025-12-31 | $698.00 | $6.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noah Holdings Ltd 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): 5.69%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.41%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.19x
- Recent ROE (5.69%) is below the historical average (15.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 62.63% | 10.78% | 0.50x | 11.51x | $2.12 Million |
| 2008 | -36.28% | -4.80% | 0.93x | 8.15x | $-3.50 Million |
| 2009 | 66.64% | 25.05% | 0.90x | 2.97x | $21.17 Million |
| 2010 | 8.76% | 30.45% | 0.25x | 1.13x | $-10.83 Million |
| 2011 | 14.89% | 33.22% | 0.40x | 1.12x | $49.45 Million |
| 2012 | 13.18% | 26.33% | 0.42x | 1.19x | $34.36 Million |
| 2013 | 23.23% | 31.41% | 0.55x | 1.35x | $179.92 Million |
| 2014 | 24.13% | 29.22% | 0.57x | 1.45x | $261.46 Million |
| 2015 | 21.15% | 25.28% | 0.52x | 1.62x | $282.43 Million |
| 2016 | 18.98% | 25.61% | 0.42x | 1.76x | $304.70 Million |
| 2017 | 17.22% | 26.99% | 0.44x | 1.47x | $320.00 Million |
| 2018 | 13.90% | 24.66% | 0.41x | 1.37x | $227.53 Million |
| 2019 | 11.82% | 24.45% | 0.35x | 1.40x | $127.80 Million |
| 2020 | -10.37% | -22.54% | 0.35x | 1.31x | $-1.46 Billion |
| 2021 | 16.34% | 30.61% | 0.39x | 1.35x | $510.05 Million |
| 2022 | 10.38% | 31.50% | 0.26x | 1.25x | $36.00 Million |
| 2023 | 9.79% | 30.64% | 0.26x | 1.23x | $-21.54 Million |
| 2024 | 4.78% | 18.28% | 0.22x | 1.18x | $-519.14 Million |
| 2025 | 5.69% | 21.41% | 0.22x | 1.19x | $-423.83 Million |
Industry Comparison
This section compares Noah Holdings Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $480,061,868
- Average return on equity (ROE) among peers: -14.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noah Holdings Ltd (NOAH) | $9.93 Billion | 62.63% | 0.17x | $464.73 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $3.12 Billion |
| AllianceBernstein Holding L.P. (AB) | $214.00 Million | 32.52% | 1.62x | $3.19 Billion |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $60.56 Million | -17.39% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $339.06 Million | 10.60% | 0.53x | $69.65 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $12.33 Million | -46.28% | 0.02x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $253.09 Million |
| Amber International Holding Limited (AMBR) | $106.64 Million | -30.39% | 0.94x | $164.48 Million |
| Affiliated Managers Group, Inc. (AMG) | $2.79 Billion | 4.96% | 0.89x | $9.76 Billion |
About Noah Holdings Ltd
Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and corporate entities in Mainland of China, Hong Kong, and internationally. It operates through Domestic Public Securities, Domestic Asset Management, Domestic Insurance, Overseas Wealth Managem… Read more