Grupo Financiero Banorte S.A.B. de C.V
Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. It offers retail banking services, including checking and deposit accounts; credit and debit cards; and mortgage, car, payroll, and personal loans; SME loans; payroll accounts; and car, home, life, and SME insurance. The company… Read more
Grupo Financiero Banorte S.A.B. de C.V (GBOOF) - Net Assets
Latest net assets as of December 2025: $252.21 Billion USD
Based on the latest financial reports, Grupo Financiero Banorte S.A.B. de C.V (GBOOF) has net assets worth $252.21 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 ($2.60 Trillion) and total liabilities ($2.35 Trillion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $252.21 Billion |
| % of Total Assets | 9.71% |
| Annual Growth Rate | 36.16% |
| 5-Year Change | 6.31% |
| 10-Year Change | 76.74% |
| Growth Volatility | 482.84 |
Grupo Financiero Banorte S.A.B. de C.V - Net Assets Trend (2014–2025)
This chart illustrates how Grupo Financiero Banorte S.A.B. de C.V's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Grupo Financiero Banorte S.A.B. de C.V (2014–2025)
The table below shows the annual net assets of Grupo Financiero Banorte S.A.B. de C.V from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $252.21 Billion | +1.52% |
| 2024-12-31 | $248.43 Billion | -0.31% |
| 2023-12-31 | $249.21 Billion | +4.26% |
| 2022-12-31 | $239.03 Billion | +0.76% |
| 2021-12-31 | $237.24 Billion | +5.39% |
| 2020-12-31 | $225.10 Billion | +14.85% |
| 2019-12-31 | $196.00 Billion | +12.34% |
| 2018-12-31 | $174.46 Billion | +18.21% |
| 2017-12-31 | $147.58 Billion | +3.42% |
| 2016-12-31 | $142.70 Billion | +1684.91% |
| 2015-12-31 | $7.99 Billion | -5.42% |
| 2014-12-31 | $8.45 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grupo Financiero Banorte S.A.B. de C.V'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 3615.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $165.34 Billion | 66.38% |
| Other Components | $83.75 Billion | 33.62% |
| Total Equity | $249.09 Billion | 100.00% |
Grupo Financiero Banorte S.A.B. de C.V Competitors by Market Cap
The table below lists competitors of Grupo Financiero Banorte S.A.B. de C.V ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ulta Beauty Inc
NASDAQ:ULTA
|
$22.83 Billion |
|
Weichai Power Co Ltd Class A
SHE:000338
|
$22.85 Billion |
|
Terna Rete Elettrica Nazionale
PINK:TEZNY
|
$22.88 Billion |
|
Volkswagen AG
PINK:VLKAF
|
$22.93 Billion |
|
International Container Terminal Services, Inc.
OTCGREY:ICTEY
|
$22.80 Billion |
|
Amadeus IT
LSE:0P2W
|
$22.77 Billion |
|
RWE AG PK
PINK:RWEOY
|
$22.76 Billion |
|
Prudential plc
PINK:PUKPF
|
$22.73 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grupo Financiero Banorte S.A.B. de C.V's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 249,409,000,000 to 249,091,000,000, a change of -318,000,000 (-0.1%).
- Net income of 58,788,000,000 contributed positively to equity growth.
- Dividend payments of 47,750,000,000 reduced retained earnings.
- Share repurchases of 8,861,000,000 reduced equity.
- Other factors decreased equity by 2,495,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $58.79 Billion | +23.6% |
| Dividends Paid | $47.75 Billion | -19.17% |
| Share Repurchases | $8.86 Billion | -3.56% |
| Other Changes | $-2.50 Billion | -1.0% |
| Total Change | $- | -0.13% |
Book Value vs Market Value Analysis
This analysis compares Grupo Financiero Banorte S.A.B. de C.V'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: 0.09x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $7.92 | x |
| 2016-12-31 | $0.00 | $7.92 | x |
| 2017-12-31 | $52.92 | $7.92 | x |
| 2018-12-31 | $60.26 | $7.92 | x |
| 2019-12-31 | $67.18 | $7.92 | x |
| 2020-12-31 | $77.07 | $7.92 | x |
| 2021-12-31 | $81.23 | $7.92 | x |
| 2022-12-31 | $81.86 | $7.92 | x |
| 2023-12-31 | $86.48 | $7.92 | x |
| 2024-12-31 | $88.69 | $7.92 | x |
| 2025-12-31 | $89.71 | $7.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grupo Financiero Banorte S.A.B. de C.V 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): 23.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.76%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 10.43x
- Recent ROE (23.60%) is above the historical average (17.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 12.39% | 30.99% | 0.04x | 8.93x | $199.05 Million |
| 2015 | 12.63% | 33.22% | 0.04x | 8.85x | $207.38 Million |
| 2016 | 13.72% | 21.40% | 0.07x | 9.01x | $5.23 Billion |
| 2017 | 16.40% | 21.63% | 0.08x | 9.29x | $9.33 Billion |
| 2018 | 18.55% | 24.60% | 0.08x | 9.41x | $14.73 Billion |
| 2019 | 18.86% | 26.46% | 0.09x | 8.16x | $17.16 Billion |
| 2020 | 13.73% | 21.24% | 0.08x | 8.04x | $8.28 Billion |
| 2021 | 14.96% | 21.77% | 0.09x | 7.90x | $11.62 Billion |
| 2022 | 19.24% | 25.29% | 0.09x | 8.77x | $21.80 Billion |
| 2023 | 21.02% | 26.65% | 0.09x | 9.12x | $27.48 Billion |
| 2024 | 22.53% | 25.61% | 0.09x | 9.91x | $31.25 Billion |
| 2025 | 23.60% | 23.76% | 0.10x | 10.43x | $33.88 Billion |
Industry Comparison
This section compares Grupo Financiero Banorte S.A.B. de C.V's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $16,924,188,763
- Average return on equity (ROE) among peers: 8.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grupo Financiero Banorte S.A.B. de C.V (GBOOF) | $252.21 Billion | 12.39% | 9.30x | $22.83 Billion |
| Ameris Bancorp (ABCB) | $293.77 Million | 7.18% | 9.19x | $4.91 Billion |
| ACNB Corporation (ACNB) | $49.44 Million | 14.38% | 8.56x | $474.47 Million |
| Addiko Bank AG (ADBKF) | $851.70 Million | 0.16% | 5.94x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $117.10 Million | 6.09% | 5.76x | $79.30 Million |
| Absa Group Limited (AGRPF) | $85.20 Billion | 14.06% | 10.26x | $6.72 Billion |
| AIB Group plc (AIBGY) | $13.66 Billion | 4.74% | 8.36x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $62.92 Billion | 9.95% | 6.60x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $5.78 Billion | 1.48% | 10.55x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $18.00 Million | 9.85% | 14.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |