DBS Group Holdings Ltd
DBS Group Holdings Ltd provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Personal Banking; Institutional Banking; and Global Financial Markets segments. The Personal Banking segment offers banking and related financial services, including current and savings accounts, fixed deposits… Read more
DBS Group Holdings Ltd (DBSDF) - Net Assets
Latest net assets as of December 2025: $68.92 Billion USD
Based on the latest financial reports, DBS Group Holdings Ltd (DBSDF) has net assets worth $68.92 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 ($897.49 Billion) and total liabilities ($828.57 Billion). 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 | $68.92 Billion |
| % of Total Assets | 7.68% |
| Annual Growth Rate | 6.6% |
| 5-Year Change | 19.32% |
| 10-Year Change | 46.61% |
| Growth Volatility | 5.32 |
DBS Group Holdings Ltd - Net Assets Trend (2005–2025)
This chart illustrates how DBS Group Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for DBS Group Holdings Ltd (2005–2025)
The table below shows the annual net assets of DBS Group Holdings Ltd from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $68.86 Billion | +0.05% |
| 2024-12-31 | $68.83 Billion | +10.58% |
| 2023-12-31 | $62.25 Billion | +9.07% |
| 2022-12-31 | $57.07 Billion | -1.11% |
| 2021-12-31 | $57.71 Billion | +5.62% |
| 2020-12-31 | $54.64 Billion | +5.49% |
| 2019-12-31 | $51.80 Billion | +3.86% |
| 2018-12-31 | $49.88 Billion | +0.15% |
| 2017-12-31 | $49.80 Billion | +6.03% |
| 2016-12-31 | $46.97 Billion | +9.75% |
| 2015-12-31 | $42.80 Billion | +6.44% |
| 2014-12-31 | $40.21 Billion | +6.69% |
| 2013-12-31 | $37.69 Billion | +4.69% |
| 2012-12-31 | $36.00 Billion | +8.86% |
| 2011-12-31 | $33.07 Billion | -0.10% |
| 2010-12-31 | $33.10 Billion | +12.21% |
| 2009-12-31 | $29.50 Billion | +22.90% |
| 2008-12-31 | $24.00 Billion | +3.65% |
| 2007-12-31 | $23.16 Billion | +10.04% |
| 2006-12-31 | $21.05 Billion | +9.67% |
| 2005-12-31 | $19.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to DBS Group Holdings Ltd'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $11.75 Billion | 17.08% |
| Other Components | $57.06 Billion | 82.92% |
| Total Equity | $68.82 Billion | 100.00% |
DBS Group Holdings Ltd Competitors by Market Cap
The table below lists competitors of DBS Group Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Singapore Telecommunications PK
PINK:SGAPY
|
$64.66 Billion |
|
Warner Bros Discovery Inc
NASDAQ:WBD
|
$64.75 Billion |
|
Norfolk Southern Corporation
NYSE:NSC
|
$65.26 Billion |
|
Nintendo Co. Ltd
PINK:NTDOF
|
$65.27 Billion |
|
Phillips 66
NYSE:PSX
|
$64.57 Billion |
|
Kinder Morgan Inc
NYSE:KMI
|
$64.50 Billion |
|
Nike Inc
NYSE:NKE
|
$64.28 Billion |
|
Meituan
PINK:MPNGF
|
$64.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DBS Group Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 68,786,000,000 to 68,815,612,000, a change of 29,612,000 (0.0%).
- Net income of 10,924,842,000 contributed positively to equity growth.
- Dividend payments of 8,144,917,821 reduced retained earnings.
- Share repurchases of 396,703,763 reduced equity.
- Other comprehensive income decreased equity by 4,086,000,000.
- Other factors increased equity by 1,732,391,584.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.92 Billion | +15.88% |
| Dividends Paid | $8.14 Billion | -11.84% |
| Share Repurchases | $396.70 Million | -0.58% |
| Other Comprehensive Income | $-4.09 Billion | -5.94% |
| Other Changes | $1.73 Billion | +2.52% |
| Total Change | $- | 0.04% |
Book Value vs Market Value Analysis
This analysis compares DBS Group Holdings Ltd'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: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.96x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $10.76 | $31.83 | x |
| 2006-12-31 | $11.93 | $31.83 | x |
| 2007-12-31 | $12.95 | $31.83 | x |
| 2008-12-31 | $12.78 | $31.83 | x |
| 2009-12-31 | $10.88 | $31.83 | x |
| 2010-12-31 | $11.14 | $31.83 | x |
| 2011-12-31 | $11.91 | $31.83 | x |
| 2012-12-31 | $13.00 | $31.83 | x |
| 2013-12-31 | $13.85 | $31.83 | x |
| 2014-12-31 | $15.16 | $31.83 | x |
| 2015-12-31 | $16.18 | $31.83 | x |
| 2016-12-31 | $17.72 | $31.83 | x |
| 2017-12-31 | $18.61 | $31.83 | x |
| 2018-12-31 | $19.16 | $31.83 | x |
| 2019-12-31 | $19.95 | $31.83 | x |
| 2020-12-31 | $21.48 | $31.83 | x |
| 2021-12-31 | $22.45 | $31.83 | x |
| 2022-12-31 | $22.11 | $31.83 | x |
| 2023-12-31 | $21.88 | $31.83 | x |
| 2024-12-31 | $24.19 | $31.83 | x |
| 2025-12-31 | $31.07 | $31.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DBS Group Holdings Ltd 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): 15.88%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.79%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 13.03x
- Recent ROE (15.88%) is above the historical average (11.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 5.89% | 21.22% | 0.03x | 10.78x | $-687.40 Million |
| 2006 | 13.01% | 44.67% | 0.03x | 10.44x | $561.50 Million |
| 2007 | 11.96% | 39.74% | 0.03x | 11.37x | $400.90 Million |
| 2008 | 10.79% | 21.66% | 0.04x | 12.95x | $157.10 Million |
| 2009 | 8.78% | 26.97% | 0.03x | 10.19x | $-309.30 Million |
| 2010 | 6.14% | 19.32% | 0.03x | 10.67x | $-1.03 Billion |
| 2011 | 10.54% | 32.49% | 0.03x | 11.84x | $155.60 Million |
| 2012 | 12.00% | 35.27% | 0.03x | 11.12x | $635.30 Million |
| 2013 | 10.73% | 32.01% | 0.03x | 11.74x | $248.70 Million |
| 2014 | 10.73% | 32.63% | 0.03x | 11.69x | $275.20 Million |
| 2015 | 11.03% | 33.26% | 0.03x | 11.34x | $416.60 Million |
| 2016 | 9.50% | 30.54% | 0.03x | 10.80x | $-222.90 Million |
| 2017 | 9.21% | 28.54% | 0.03x | 10.91x | $-374.80 Million |
| 2018 | 11.37% | 31.10% | 0.03x | 11.23x | $672.50 Million |
| 2019 | 12.54% | 31.16% | 0.04x | 11.36x | $1.29 Billion |
| 2020 | 8.64% | 40.96% | 0.02x | 11.90x | $-741.60 Million |
| 2021 | 11.83% | 42.76% | 0.02x | 11.93x | $1.05 Billion |
| 2022 | 14.40% | 38.14% | 0.03x | 13.07x | $2.50 Billion |
| 2023 | 16.21% | 29.29% | 0.05x | 11.91x | $3.86 Billion |
| 2024 | 16.41% | 29.16% | 0.05x | 12.03x | $4.41 Billion |
| 2025 | 15.88% | 29.79% | 0.04x | 13.03x | $4.04 Billion |
Industry Comparison
This section compares DBS Group Holdings Ltd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DBS Group Holdings Ltd (DBSDF) | $68.92 Billion | 5.89% | 12.02x | $64.65 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |