Aasen Sparebank (AASB) - Net Assets

Latest as of September 2025: Nkr868.02 Million NOK ≈ $91.34 Million USD

Based on the latest financial reports, Aasen Sparebank (AASB) has net assets worth Nkr868.02 Million NOK (≈ $91.34 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr7.08 Billion ≈ $745.35 Million USD) and total liabilities (Nkr6.22 Billion ≈ $654.01 Million USD). 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. Read AASB liabilities breakdown for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr868.02 Million
% of Total Assets	12.25%
Annual Growth Rate	13.31%
5-Year Change	55.01%
10-Year Change	N/A
Growth Volatility	6.84

Aasen Sparebank - Net Assets Trend (2015–2024)

This chart illustrates how Aasen Sparebank's net assets have evolved over time, based on quarterly financial data. Also explore Aasen Sparebank total assets for the complete picture of this company's asset base.

Annual Net Assets for Aasen Sparebank (2015–2024)

The table below shows the annual net assets of Aasen Sparebank from 2015 to 2024. For live valuation and market cap data, see AASB stock market capitalisation.

Year	Net Assets	Change
2024-12-31	Nkr827.45 Million ≈ $87.07 Million	+11.45%
2023-12-31	Nkr742.44 Million ≈ $78.13 Million	+8.32%
2022-12-31	Nkr685.42 Million ≈ $72.13 Million	+20.60%
2021-12-31	Nkr568.33 Million ≈ $59.80 Million	+6.47%
2020-12-31	Nkr533.81 Million ≈ $56.17 Million	+21.54%
2019-12-31	Nkr439.20 Million ≈ $46.22 Million	+7.90%
2018-12-31	Nkr407.05 Million ≈ $42.83 Million	+6.87%
2017-12-31	Nkr380.86 Million ≈ $40.08 Million	+12.72%
2016-12-31	Nkr337.87 Million ≈ $35.55 Million	+25.72%
2015-12-31	Nkr268.74 Million ≈ $28.28 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Aasen Sparebank'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 88.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Nkr25.70 Million	3.11%
Other Components	Nkr801.74 Million	96.89%
Total Equity	Nkr827.45 Million	100.00%

Aasen Sparebank Competitors by Market Cap

The table below lists competitors of Aasen Sparebank ranked by their market capitalization.

Company	Market Cap
Murray International Trust LSE:MYI	$24.78 Million
Rubicon Organics Inc V:ROMJ	$24.78 Million
Seker Finansal Kiralama AS IS:SEKFK	$24.79 Million
Harvard Bioscience Inc NASDAQ:HBIO	$24.80 Million
Reservoir Link Energy Bhd KLSE:0219	$24.74 Million
Firefly Neuroscience, Inc. NASDAQ:AIFF	$24.73 Million
Przedsiebiorstwo Produkcyjno Handlowe Kompap SA WAR:KMP	$24.73 Million
ECA KLSE:0267	$24.71 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Aasen Sparebank's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 742,436,000 to 827,446,000, a change of 85,010,000 (11.5%).
Net income of 78,985,000 contributed positively to equity growth.
Dividend payments of 15,568,000 reduced retained earnings.
Other factors increased equity by 21,593,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Nkr78.98 Million	+9.55%
Dividends Paid	Nkr15.57 Million	-1.88%
Other Changes	Nkr21.59 Million	+2.61%
Total Change	Nkr-	11.45%

Book Value vs Market Value Analysis

This analysis compares Aasen Sparebank'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: 0.28x
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 0.47x to 0.28x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2015-12-31	Nkr287.94	Nkr135.96	x
2016-12-31	Nkr362.00	Nkr135.96	x
2017-12-31	Nkr338.07	Nkr135.96	x
2018-12-31	Nkr361.31	Nkr135.96	x
2019-12-31	Nkr389.86	Nkr135.96	x
2020-12-31	Nkr473.84	Nkr135.96	x
2021-12-31	Nkr504.48	Nkr135.96	x
2022-12-31	Nkr396.25	Nkr135.96	x
2023-12-31	Nkr429.21	Nkr135.96	x
2024-12-31	Nkr478.36	Nkr135.96	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Aasen Sparebank 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): 9.55%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 41.61%
• Asset Turnover: 0.03x
• Equity Multiplier: 8.18x
Recent ROE (9.55%) is above the historical average (8.40%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	8.42%	29.30%	0.03x	10.15x	Nkr-4.24 Million
2016	8.41%	31.86%	0.03x	9.09x	Nkr-5.38 Million
2017	8.04%	31.61%	0.03x	9.07x	Nkr-7.45 Million
2018	8.69%	36.08%	0.03x	8.90x	Nkr-5.31 Million
2019	9.23%	36.95%	0.03x	8.84x	Nkr-3.36 Million
2020	7.00%	33.86%	0.03x	7.64x	Nkr-16.00 Million
2021	7.16%	36.04%	0.02x	8.69x	Nkr-16.11 Million
2022	7.24%	41.17%	0.02x	8.19x	Nkr-18.93 Million
2023	10.28%	43.08%	0.03x	8.35x	Nkr2.10 Million
2024	9.55%	41.61%	0.03x	8.18x	Nkr-3.76 Million

Industry Comparison

This section compares Aasen Sparebank's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $11,996,988,462
Average return on equity (ROE) among peers: 6.91%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Aasen Sparebank (AASB)	Nkr868.02 Million	8.42%	7.16x	$24.75 Million
Aurskog Sparebank (AURG)	$330.39 Million	10.56%	15.15x	$123.04 Million
Bien Sparebank ASA (BIEN)	$652.26 Million	6.45%	6.60x	$93.84 Million
DnB ASA (DNB)	$101.40 Billion	8.47%	16.98x	$42.91 Billion
Grong Sparebank (GRONG)	$1.36 Billion	8.18%	7.05x	$83.18 Million
Helgeland Sparebank (HELG)	$1.49 Billion	8.61%	10.17x	$471.00 Million
Holand og Setskog Sparebank (HSPG)	$232.48 Million	7.59%	13.83x	$11.58 Million
Instabank ASA (INSTA)	$236.86 Million	-7.35%	1.22x	$200.27 Million
Jaeren Sparebank (JAREN)	$1.77 Billion	6.84%	6.94x	$181.14 Million
Kraft Bank Asa (KRAB)	$506.89 Million	12.83%	7.71x	$58.73 Million

About Aasen Sparebank

OL:AASB Norway Banks - Regional

Market Cap

$24.75 Million

Nkr235.18 Million NOK

Market Cap Rank

#24353 Global

#230 in Norway

Share Price

Nkr135.96

Change (1 day)

+0.01%

52-Week Range

Nkr119.70 - Nkr149.96

All Time High

Nkr149.96