Accor S. A. (AC) - Net Assets

Latest as of December 2025: €4.72 Billion EUR ≈ $5.51 Billion USD

Based on the latest financial reports, Accor S. A. (AC) has net assets worth €4.72 Billion EUR (≈ $5.51 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 (€11.74 Billion ≈ $13.73 Billion USD) and total liabilities (€7.03 Billion ≈ $8.22 Billion 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. Explore Accor S. A. (AC) cash flow conversion to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€4.72 Billion
% of Total Assets	40.17%
Annual Growth Rate	0.41%
5-Year Change	31.14%
10-Year Change	-20.39%
Growth Volatility	20.31

Accor S. A. - Net Assets Trend (2001–2025)

This chart illustrates how Accor S. A.'s net assets have evolved over time, based on quarterly financial data. Explore AC strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.

Annual Net Assets for Accor S. A. (2001–2025)

The table below shows the annual net assets of Accor S. A. from 2001 to 2025. For live valuation and market cap data, see Accor S. A. (AC) market capitalisation.

Year	Net Assets	Change
2025-12-31	€4.72 Billion ≈ $5.51 Billion	-13.75%
2024-12-31	€5.47 Billion ≈ $6.39 Billion	+2.97%
2023-12-31	€5.31 Billion ≈ $6.21 Billion	+19.19%
2022-12-31	€4.46 Billion ≈ $5.21 Billion	+23.88%
2021-12-31	€3.60 Billion ≈ $4.21 Billion	+13.83%
2020-12-31	€3.16 Billion ≈ $3.69 Billion	-54.70%
2019-12-31	€6.97 Billion ≈ $8.15 Billion	+8.26%
2018-12-31	€6.44 Billion ≈ $7.53 Billion	+11.41%
2017-12-31	€5.78 Billion ≈ $6.76 Billion	-2.40%
2016-12-31	€5.92 Billion ≈ $6.93 Billion	+48.61%
2015-12-31	€3.99 Billion ≈ $4.66 Billion	+3.02%
2014-12-31	€3.87 Billion ≈ $4.52 Billion	+40.63%
2013-12-31	€2.75 Billion ≈ $3.22 Billion	-7.93%
2012-12-31	€2.99 Billion ≈ $3.49 Billion	-20.67%
2011-12-31	€3.77 Billion ≈ $4.41 Billion	-4.58%
2010-12-31	€3.95 Billion ≈ $4.62 Billion	+21.36%
2009-12-31	€3.25 Billion ≈ $3.80 Billion	-8.67%
2008-12-31	€3.56 Billion ≈ $4.17 Billion	-5.04%
2007-12-31	€3.75 Billion ≈ $4.39 Billion	-9.89%
2006-12-31	€4.16 Billion ≈ $4.87 Billion	-5.28%
2005-12-31	€4.40 Billion ≈ $5.14 Billion	+14.69%
2004-12-31	€3.83 Billion ≈ $4.48 Billion	+4.07%
2003-12-31	€3.68 Billion ≈ $4.31 Billion	-7.56%
2002-12-31	€3.98 Billion ≈ $4.66 Billion	-6.89%
2001-12-31	€4.28 Billion ≈ $5.00 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Accor S. A.'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 331.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€2.04 Billion	47.68%
Common Stock	€704.00 Million	16.43%
Other Comprehensive Income	€25.00 Million	0.58%
Other Components	€1.51 Billion	35.31%
Total Equity	€4.29 Billion	100.00%

Accor S. A. Competitors by Market Cap

The table below lists competitors of Accor S. A. ranked by their market capitalization.

Company	Market Cap
Orient Sec Co Ltd SHG:600958	$10.32 Billion
Cytokinetics Inc NASDAQ:CYTK	$10.33 Billion
CCL Industries Inc TO:CCL-B	$10.33 Billion
Crane Company NYSE:CR	$10.33 Billion
Symrise AG F:SY1	$10.30 Billion
MP Materials Corp NYSE:MP	$10.28 Billion
The Indian Hotels Company Limited NSE:INDHOTEL	$10.28 Billion
Saia Inc NASDAQ:SAIA	$10.26 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,032,000,000 to 4,285,000,000, a change of -747,000,000 (-14.8%).
Net income of 449,000,000 contributed positively to equity growth.
Dividend payments of 327,000,000 reduced retained earnings.
Share repurchases of 452,000,000 reduced equity.
New share issuances of 1,000,000 increased equity.
Other comprehensive income decreased equity by 1,390,000,000.
Other factors increased equity by 972,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€449.00 Million	+10.48%
Dividends Paid	€327.00 Million	-7.63%
Share Repurchases	€452.00 Million	-10.55%
Share Issuances	€1.00 Million	+0.02%
Other Comprehensive Income	€-1.39 Billion	-32.44%
Other Changes	€972.00 Million	+22.68%
Total Change	€-	-14.84%

Book Value vs Market Value Analysis

This analysis compares Accor S. A.'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: 3.03x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 2.30x to 3.03x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	€20.22	€46.50	x
2002-12-31	€18.55	€46.50	x
2003-12-31	€16.56	€46.50	x
2004-12-31	€16.36	€46.50	x
2005-12-31	€17.28	€46.50	x
2006-12-31	€16.80	€46.50	x
2007-12-31	€15.64	€46.50	x
2008-12-31	€14.88	€46.50	x
2009-12-31	€13.44	€46.50	x
2010-12-31	€16.09	€46.50	x
2011-12-31	€15.52	€46.50	x
2012-12-31	€12.14	€46.50	x
2013-12-31	€11.10	€46.50	x
2014-12-31	€15.78	€46.50	x
2015-12-31	€15.94	€46.50	x
2016-12-31	€21.77	€46.50	x
2017-12-31	€18.88	€46.50	x
2018-12-31	€21.90	€46.50	x
2019-12-31	€25.05	€46.50	x
2020-12-31	€11.80	€46.50	x
2021-12-31	€12.55	€46.50	x
2022-12-31	€15.43	€46.50	x
2023-12-31	€14.82	€46.50	x
2024-12-31	€19.22	€46.50	x
2025-12-31	€15.36	€46.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Accor S. A. 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): 10.48%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.96%
• Asset Turnover: 0.48x
• Equity Multiplier: 2.74x
Recent ROE (10.48%) is above the historical average (6.86%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	11.85%	6.57%	0.60x	3.03x	€74.10 Million
2002	11.31%	6.08%	0.63x	2.97x	€49.80 Million
2003	7.73%	3.99%	0.62x	3.14x	€-79.10 Million
2004	6.34%	3.29%	0.61x	3.13x	€-134.70 Million
2005	7.74%	4.40%	0.57x	3.06x	€-97.10 Million
2006	12.23%	6.65%	0.68x	2.72x	€91.20 Million
2007	23.92%	11.00%	0.74x	2.94x	€513.90 Million
2008	17.40%	7.43%	0.68x	3.45x	€244.50 Million
2009	-9.41%	-4.05%	0.59x	3.92x	€-581.70 Million
2010	98.63%	60.52%	0.69x	2.38x	€3.23 Billion
2011	0.76%	0.44%	0.76x	2.26x	€-326.70 Million
2012	-21.71%	-10.60%	0.75x	2.74x	€-874.90 Million
2013	4.96%	2.32%	0.77x	2.76x	€-127.80 Million
2014	6.10%	4.09%	0.62x	2.39x	€-142.70 Million
2015	2.58%	7.09%	0.15x	2.38x	€-279.20 Million
2016	2.19%	7.53%	0.14x	2.10x	€-441.80 Million
2017	7.52%	14.74%	0.23x	2.22x	€-135.20 Million
2018	-1.23%	-2.38%	0.25x	2.05x	€-710.80 Million
2019	6.19%	10.42%	0.29x	2.04x	€-260.20 Million
2020	-73.63%	-140.53%	0.15x	3.41x	€-2.59 Billion
2021	1.52%	2.27%	0.20x	3.28x	€-278.30 Million
2022	9.90%	9.52%	0.36x	2.89x	€-3.90 Million
2023	16.10%	12.52%	0.45x	2.87x	€239.90 Million
2024	12.12%	10.88%	0.46x	2.40x	€106.80 Million
2025	10.48%	7.96%	0.48x	2.74x	€20.50 Million

Industry Comparison

This section compares Accor S. A.'s net assets metrics with peer companies in the Lodging industry.

Industry Context

Industry: Lodging
Average net assets among peers: $94,366,663
Average return on equity (ROE) among peers: 5.90%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Accor S. A. (AC)	€4.72 Billion	11.85%	1.49x	$10.31 Billion
Les Hotels Bav (ALLHB)	$37.07 Million	2.20%	0.44x	$180.31 Million
Les Hôtels de Paris SA (HDP)	$44.74 Million	0.82%	2.54x	$13.96 Million
Société Hôtelière et Immobilière de Nice S.A. (MLHIN)	$13.72 Million	-1.74%	0.32x	$15.02 Million
Hotelim Société Anonyme (MLHOT)	$7.47 Million	8.22%	2.97x	$53.86 Million
Pierre et Vacances SA (VAC)	$368.84 Million	20.02%	2.48x	$804.56 Million

About Accor S. A.

PA:AC France Lodging

Market Cap

$12.76 Billion

€10.91 Billion EUR

Market Cap Rank

#2225 Global

#44 in France

Share Price

€46.50

Change (1 day)

+2.40%

52-Week Range

€39.50 - €49.78

All Time High

€50.46