Argan SA Net Assets

Latest as of June 2026: €2.52 Billion EUR ≈ $2.94 Billion USD

Argan SA net assets. Based on the latest financial reports, Argan SA (ARG) has net assets worth €2.52 Billion EUR (≈ $2.94 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€4.89 Billion ≈ $5.71 Billion USD) and total liabilities (€2.37 Billion ≈ $2.77 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. Also explore Argan SA annual equity growth to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€2.52 Billion
% of Total Assets	51.5%
Annual Growth Rate	18.12%
5-Year Change	13.22%
10-Year Change	534.26%
Growth Volatility	24.14

Net Assets of Argan SA (2008–2025)

Net assets of Argan SA from 2008 to 2025. This chart illustrates how Argan SA's net assets have evolved over time, based on quarterly financial data. See Argan SA net asset quality index to measure how much of total assets are equity-financed.

Annual Net Assets for Argan SA (2008–2025)

The table below shows the annual net assets of Argan SA from 2008 to 2025. For live market cap and overall valuation, see Argan SA market cap and net worth.

Year	Net Assets	Change
2025-12-31	€2.45 Billion ≈ $2.86 Billion	+8.17%
2024-12-31	€2.26 Billion ≈ $2.65 Billion	+17.80%
2023-12-31	€1.92 Billion ≈ $2.25 Billion	-14.75%
2022-12-31	€2.26 Billion ≈ $2.64 Billion	+4.24%
2021-12-31	€2.16 Billion ≈ $2.53 Billion	+46.32%
2020-12-31	€1.48 Billion ≈ $1.73 Billion	+19.36%
2019-12-31	€1.24 Billion ≈ $1.45 Billion	+89.56%
2018-12-31	€653.48 Million ≈ $763.98 Million	+26.23%
2017-12-31	€517.68 Million ≈ $605.23 Million	+34.04%
2016-12-31	€386.20 Million ≈ $451.51 Million	+32.07%
2015-12-31	€292.42 Million ≈ $341.87 Million	+17.01%
2014-12-31	€249.92 Million ≈ $292.19 Million	+10.36%
2013-12-31	€226.46 Million ≈ $264.76 Million	+11.71%
2012-12-31	€202.72 Million ≈ $237.00 Million	+3.95%
2011-12-31	€195.01 Million ≈ $227.99 Million	+28.85%
2010-12-31	€151.35 Million ≈ $176.95 Million	+33.20%
2009-12-31	€113.62 Million ≈ $132.84 Million	-21.35%
2008-12-31	€144.47 Million ≈ $168.90 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Argan SA'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 24618900000.0% over the analyzed period, indicating profitable operations and earnings retention.

Argan SA Net Assets Breakdown (December 2025)

Argan SA net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Retained Earnings	€245.19 Million	10.18%
Common Stock	€51.48 Million	2.14%
Other Comprehensive Income	€2.03 Billion	84.19%
Other Components	€84.08 Million	3.49%
Total Equity	€2.41 Billion	100.00%

Argan SA Competitors by Market Cap

The table below lists competitors of Argan SA ranked by their market capitalization.

Company	Market Cap
IReader Technology Co Ltd SHG:603533	$1.85 Billion
Thai President Foods Public Company Limited BK:TFMAMA	$1.85 Billion
Shantui Construction Machinery Co Ltd SHE:000680	$1.85 Billion
Investec Ltd JSE:INL	$1.86 Billion
Steelcase Inc NYSE:SCS	$1.85 Billion
Com7 Public Company Limited BK:COM7-R	$1.85 Billion
Calibre Mining Corp TO:CXB	$1.85 Billion
Bank of Zhengzhou Co Ltd Class A SHE:002936	$1.85 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,226,068,000 to 2,408,171,000, a change of 182,103,000 (8.2%).
Net income of 245,195,000 contributed positively to equity growth.
Dividend payments of 65,375,000 reduced retained earnings.
Other comprehensive income increased equity by 431,231,000.
Other factors decreased equity by 428,948,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€245.19 Million	+10.18%
Dividends Paid	€65.38 Million	-2.71%
Other Comprehensive Income	€431.23 Million	+17.91%
Other Changes	€-428.95 Million	-17.81%
Total Change	€-	8.18%

Book Value vs Market Value Analysis

This analysis compares Argan SA'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: 0.72x
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 6.14x to 0.72x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-12-31	€11.06	€67.90	x
2010-12-31	€14.93	€67.90	x
2011-12-31	€15.48	€67.90	x
2012-12-31	€14.55	€67.90	x
2013-12-31	€16.05	€67.90	x
2014-12-31	€17.64	€67.90	x
2015-12-31	€20.60	€67.90	x
2016-12-31	€26.84	€67.90	x
2017-12-31	€35.05	€67.90	x
2018-12-31	€40.07	€67.90	x
2019-12-31	€69.91	€67.90	x
2020-12-31	€66.34	€67.90	x
2021-12-31	€94.49	€67.90	x
2022-12-31	€97.14	€67.90	x
2023-12-31	€81.97	€67.90	x
2024-12-31	€90.24	€67.90	x
2025-12-31	€94.08	€67.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Argan SA 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): 10.18%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 97.45%
• Asset Turnover: 0.06x
• Equity Multiplier: 1.81x
Recent ROE (10.18%) is below the historical average (12.69%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	-23.43%	-88.09%	0.07x	3.84x	€-37.99 Million
2010	26.68%	106.75%	0.06x	3.94x	€25.25 Million
2011	10.13%	45.40%	0.06x	3.76x	€257.60K
2012	12.85%	50.11%	0.06x	4.19x	€5.77 Million
2013	12.50%	45.70%	0.06x	4.25x	€5.65 Million
2014	16.33%	61.61%	0.07x	3.87x	€15.82 Million
2015	17.00%	73.71%	0.06x	3.60x	€20.46 Million
2016	24.66%	141.96%	0.06x	2.88x	€56.63 Million
2017	17.71%	121.20%	0.05x	2.75x	€39.91 Million
2018	22.12%	169.25%	0.06x	2.35x	€79.18 Million
2019	17.36%	210.65%	0.03x	2.38x	€91.16 Million
2020	18.86%	163.04%	0.05x	2.30x	€131.01 Million
2021	31.43%	359.85%	0.04x	2.12x	€455.55 Million
2022	4.29%	48.04%	0.04x	2.00x	€-126.66 Million
2023	-13.96%	-119.33%	0.05x	2.16x	€-452.23 Million
2024	11.04%	102.81%	0.06x	1.91x	€23.09 Million
2025	10.18%	97.45%	0.06x	1.81x	€4.38 Million

Industry Comparison

This section compares Argan SA's net assets metrics with peer companies in the REIT - Industrial industry.

Industry Context

Industry: REIT - Industrial
Average net assets among peers: $825,241,000
Average return on equity (ROE) among peers: 10.15%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Argan SA (ARG)	€2.52 Billion	-23.43%	0.94x	$1.85 Billion
Montepino Logistica SOCIMI S.A. (MLMTP)	$825.24 Million	10.15%	0.95x	$859.88 Million

About Argan SA

PA:ARG France REIT - Industrial

Market Cap

$2.04 Billion

€1.75 Billion EUR

Market Cap Rank

#6193 Global

#107 in France

Share Price

€67.90

Change (1 day)

-0.15%

52-Week Range

€56.05 - €77.40

All Time High

€111.92