Pershing Square Inc. (PS) - Net Assets
Based on the latest financial reports, Pershing Square Inc. (PS) has net assets worth $884.48 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($990.48 Million) and total liabilities ($106.00 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 Pershing Square Inc. tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $884.48 Million |
| % of Total Assets | 89.3% |
| Annual Growth Rate | 82.86% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Pershing Square Inc. - Net Assets Trend (2024–2025)
This chart illustrates how Pershing Square Inc.'s net assets have evolved over time, based on quarterly financial data. See PS days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Pershing Square Inc. (2024–2025)
The table below shows the annual net assets of Pershing Square Inc. from 2024 to 2025. For live valuation and market cap data, see PS stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.77 Billion | +82.78% |
| 2024-12-31 | $967.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pershing Square 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 decreased by 16108700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.87 Billion | 109.45% |
| Total Equity | $1.71 Billion | 100.00% |
Pershing Square Inc. Competitors by Market Cap
The table below lists competitors of Pershing Square Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solventum Corp.
NYSE:SOLV
|
$13.34 Billion |
|
Juniper Networks Inc
NYSE:JNPR
|
$13.36 Billion |
|
Schindler Ps
SW:SCHP
|
$13.36 Billion |
|
Ares Capital Corporation
NASDAQ:ARCC
|
$13.37 Billion |
|
China Petroleum & Chemical Corporation
F:CHU
|
$13.32 Billion |
|
PICC Property and Casualty Company Limited
F:PJC
|
$13.29 Billion |
|
Tele2 AB (publ)
ST:TEL2-B
|
$13.28 Billion |
|
Straumann Holding AG
SW:STMN
|
$13.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pershing Square Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 0 to 1,705,284,000, a change of 1,705,284,000.
- Net loss of 210,110,000 reduced equity.
- Share repurchases of 164,393,287 reduced equity.
- Other factors increased equity by 2,079,787,287.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-210.11 Million | -12.32% |
| Share Repurchases | $164.39 Million | -9.64% |
| Other Changes | $2.08 Billion | +121.96% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Pershing Square 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: 8.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2024-12-31 | $0.00 | $35.14 | x |
| 2025-12-31 | $4.26 | $35.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pershing Square 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): -12.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -28.01%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.64x
- Recent ROE (-12.32%) is below the historical average (-6.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2024 | 0.00% | -3.11% | 0.35x | 0.00x | $-14.15 Million |
| 2025 | -12.32% | -28.01% | 0.27x | 1.64x | $-380.64 Million |
Industry Comparison
This section compares Pershing Square Inc.'s net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,020,171,394
- Average return on equity (ROE) among peers: 1.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pershing Square Inc. (PS) | $884.48 Million | 0.00% | 0.12x | $13.34 Billion |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.54 Billion | 14.07% | 0.00x | $3.28 Billion |
| Associated Capital Group Inc (AC) | $757.29 Million | -0.01% | 0.10x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $439.33 Million | 17.87% | 0.10x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.56 Million | -137.00% | 1.03x | $194.14 Million |
| Alpha Compute Corp (ALP) | $59.59 Million | 27.35% | 0.01x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $17.85 Million | -32.96% | 4.15x | $295.10 Million |
| Affiliated Managers Group Inc (AMG) | $1.30 Billion | -0.10% | 1.49x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $5.94 Billion | 57.52% | 28.61x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $47.62 Million | -24.55% | 8.84x | $42.49 Million |
About Pershing Square Inc.
Pershing Square Inc. operates as an alternative asset manager. The company was formerly known as Pershing Square Holdco, L.P. The company was incorporated in 2024 and is based in New York, New York. Pershing Square Inc. operates as a subsidiary of Pershing Square Partner Group, LLC.