Westpac Banking Corporation
Westpac Banking Corporation provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe. It operates through the Consumer, Business & Wealth, Institutional, and New Zealand segments. The company offers bank accounts, home and personal loans, credit cards, international and travel banking services, insurance, superannuation, investme… Read more
Westpac Banking Corporation (WEBNF) - Net Assets
Latest net assets as of September 2025: $73.10 Billion USD
Based on the latest financial reports, Westpac Banking Corporation (WEBNF) has net assets worth $73.10 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.13 Trillion) and total liabilities ($1.05 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 | $73.10 Billion |
| % of Total Assets | 6.49% |
| Annual Growth Rate | 6.98% |
| 5-Year Change | 1.39% |
| 10-Year Change | 27.63% |
| Growth Volatility | 182.08 |
Westpac Banking Corporation - Net Assets Trend (1990–2025)
This chart illustrates how Westpac Banking Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Westpac Banking Corporation (1990–2025)
The table below shows the annual net assets of Westpac Banking Corporation from 1990 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $73.10 Billion | +1.45% |
| 2024-09-30 | $72.05 Billion | -0.67% |
| 2023-09-30 | $72.54 Billion | +2.88% |
| 2022-09-30 | $70.51 Billion | -2.20% |
| 2021-09-30 | $72.09 Billion | +5.90% |
| 2020-09-30 | $68.07 Billion | +3.92% |
| 2019-09-30 | $65.51 Billion | +1.45% |
| 2018-09-30 | $64.57 Billion | -16.56% |
| 2017-12-31 | $77.39 Billion | +35.13% |
| 2017-10-31 | $57.27 Billion | -6.63% |
| 2017-09-30 | $61.34 Billion | -19.34% |
| 2016-12-31 | $76.05 Billion | +43.52% |
| 2016-10-31 | $52.99 Billion | -8.93% |
| 2016-09-30 | $58.18 Billion | -22.61% |
| 2015-12-31 | $75.18 Billion | +58.28% |
| 2015-10-31 | $47.50 Billion | -11.90% |
| 2015-09-30 | $53.91 Billion | -23.96% |
| 2014-12-31 | $70.90 Billion | +43.71% |
| 2014-09-30 | $49.34 Billion | +3.91% |
| 2013-09-30 | $47.48 Billion | +2.73% |
| 2012-09-30 | $46.22 Billion | +5.50% |
| 2011-09-30 | $43.81 Billion | +9.20% |
| 2010-09-30 | $40.12 Billion | +9.70% |
| 2009-09-30 | $36.57 Billion | +84.96% |
| 2008-09-30 | $19.77 Billion | +10.89% |
| 2007-09-30 | $17.83 Billion | +10.77% |
| 2006-09-30 | $16.10 Billion | -6.61% |
| 2005-09-30 | $17.24 Billion | +5.68% |
| 2004-09-30 | $16.31 Billion | +16.52% |
| 2003-09-30 | $14.00 Billion | +33.72% |
| 2002-09-30 | $10.47 Billion | +7.86% |
| 2001-09-30 | $9.71 Billion | +4.80% |
| 2000-09-30 | $9.26 Billion | +2.91% |
| 1999-09-30 | $9.00 Billion | +4.42% |
| 1998-09-30 | $8.62 Billion | +5.13% |
| 1997-09-30 | $8.20 Billion | +3.62% |
| 1996-09-30 | $7.91 Billion | +4.39% |
| 1995-09-30 | $7.58 Billion | +3.86% |
| 1994-09-30 | $7.30 Billion | +2.06% |
| 1993-09-30 | $7.15 Billion | -93.11% |
| 1992-09-30 | $103.71 Billion | +16.99% |
| 1991-09-30 | $88.65 Billion | +1188.13% |
| 1990-09-30 | $6.88 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Westpac Banking Corporation'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 2309.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $34.47 Billion | 47.37% |
| Common Stock | $37.27 Billion | 51.21% |
| Other Comprehensive Income | $1.88 Billion | 2.58% |
| Total Equity | $72.77 Billion | 100.00% |
Westpac Banking Corporation Competitors by Market Cap
The table below lists competitors of Westpac Banking Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Petroleo Brasileiro S.A.
MC:XPBRA
|
$61.45 Billion |
|
Energy Transfer LP
NYSE:ET
|
$61.61 Billion |
|
Motorola Solutions Inc
NYSE:MSI
|
$61.87 Billion |
|
ENEL Societa per Azioni
PINK:ENLAY
|
$61.90 Billion |
|
Mitsubishi Corporation
OTCGREY:MTSUY
|
$61.26 Billion |
|
BP PLC
F:BPE
|
$61.22 Billion |
|
Simon Property Group Inc
NYSE:SPG
|
$61.21 Billion |
|
EssilorLuxottica S. A.
PA:EL
|
$61.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Westpac Banking Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 71,705,000,000 to 72,770,000,000, a change of 1,065,000,000 (1.5%).
- Net income of 6,910,000,000 contributed positively to equity growth.
- Dividend payments of 5,215,000,000 reduced retained earnings.
- Share repurchases of 786,000,000 reduced equity.
- Other comprehensive income increased equity by 148,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.91 Billion | +9.5% |
| Dividends Paid | $5.21 Billion | -7.17% |
| Share Repurchases | $786.00 Million | -1.08% |
| Other Comprehensive Income | $148.00 Million | +0.2% |
| Other Changes | $8.00 Million | +0.01% |
| Total Change | $- | 1.49% |
Book Value vs Market Value Analysis
This analysis compares Westpac Banking Corporation'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: 0.60x
- 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 2.82x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-09-30 | $6.39 | $18.00 | x |
| 1991-09-30 | $5.96 | $18.00 | x |
| 1992-09-30 | $3.76 | $18.00 | x |
| 1993-09-30 | $4.29 | $18.00 | x |
| 1994-09-30 | $3.98 | $18.00 | x |
| 1995-09-30 | $3.69 | $18.00 | x |
| 1996-09-30 | $3.96 | $18.00 | x |
| 1997-09-30 | $4.28 | $18.00 | x |
| 1998-09-30 | $4.33 | $18.00 | x |
| 1999-09-30 | $4.67 | $18.00 | x |
| 2000-09-30 | $4.69 | $18.00 | x |
| 2001-09-30 | $5.19 | $18.00 | x |
| 2002-09-30 | $5.59 | $18.00 | x |
| 2003-09-30 | $7.29 | $18.00 | x |
| 2004-09-30 | $7.40 | $18.00 | x |
| 2005-09-30 | $8.47 | $18.00 | x |
| 2006-09-30 | $7.41 | $18.00 | x |
| 2007-09-30 | $8.26 | $18.00 | x |
| 2008-09-30 | $9.01 | $18.00 | x |
| 2009-09-30 | $11.95 | $18.00 | x |
| 2010-09-30 | $12.16 | $18.00 | x |
| 2011-09-30 | $13.05 | $18.00 | x |
| 2012-09-30 | $13.70 | $18.00 | x |
| 2013-09-30 | $14.30 | $18.00 | x |
| 2014-09-30 | $14.90 | $18.00 | x |
| 2015-09-30 | $16.08 | $18.00 | x |
| 2016-09-30 | $17.00 | $18.00 | x |
| 2017-09-30 | $17.59 | $18.00 | x |
| 2018-09-30 | $17.72 | $18.00 | x |
| 2019-09-30 | $17.55 | $18.00 | x |
| 2020-09-30 | $18.94 | $18.00 | x |
| 2021-09-30 | $17.49 | $18.00 | x |
| 2022-09-30 | $18.12 | $18.00 | x |
| 2023-09-30 | $18.63 | $18.00 | x |
| 2024-09-30 | $18.46 | $18.00 | x |
| 2025-09-30 | $29.83 | $18.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Westpac Banking Corporation 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): 9.50%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.93%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 15.48x
- Recent ROE (9.50%) is below the historical average (12.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 9.99% | 13.24% | 0.05x | 15.62x | $-969.46K |
| 1991 | 6.59% | 10.48% | 0.04x | 14.68x | $-246.14 Million |
| 1992 | -23.40% | -34.00% | 0.04x | 16.62x | $-2.22 Billion |
| 1993 | 0.55% | 0.88% | 0.04x | 14.75x | $-672.83 Million |
| 1994 | 9.66% | 16.36% | 0.05x | 12.87x | $-24.63 Million |
| 1995 | 13.39% | 23.15% | 0.04x | 13.97x | $257.02 Million |
| 1996 | 14.36% | 23.87% | 0.04x | 15.41x | $344.39 Million |
| 1997 | 15.74% | 25.35% | 0.04x | 14.51x | $470.58 Million |
| 1998 | 14.78% | 22.62% | 0.04x | 15.96x | $411.75 Million |
| 1999 | 16.19% | 25.29% | 0.04x | 15.59x | $556.75 Million |
| 2000 | 18.53% | 27.42% | 0.04x | 18.11x | $789.28 Million |
| 2001 | 19.63% | 23.95% | 0.04x | 19.59x | $933.47 Million |
| 2002 | 20.97% | 30.17% | 0.04x | 18.28x | $1.15 Billion |
| 2003 | 15.63% | 29.79% | 0.03x | 15.85x | $787.06 Million |
| 2004 | 17.32% | 32.19% | 0.03x | 16.46x | $1.09 Billion |
| 2005 | 17.22% | 32.00% | 0.03x | 15.87x | $1.18 Billion |
| 2006 | 21.65% | 33.73% | 0.03x | 21.12x | $1.65 Billion |
| 2007 | 21.68% | 33.99% | 0.03x | 23.55x | $1.86 Billion |
| 2008 | 21.62% | 35.13% | 0.02x | 24.63x | $2.07 Billion |
| 2009 | 9.95% | 20.51% | 0.03x | 17.02x | $-17.70 Million |
| 2010 | 16.62% | 37.53% | 0.03x | 16.19x | $2.53 Billion |
| 2011 | 16.71% | 41.34% | 0.03x | 16.02x | $2.81 Billion |
| 2012 | 13.49% | 33.20% | 0.03x | 15.25x | $1.55 Billion |
| 2013 | 14.62% | 36.57% | 0.03x | 14.94x | $2.15 Billion |
| 2014 | 15.60% | 37.92% | 0.03x | 15.91x | $2.72 Billion |
| 2014 | 4.89% | 10.12% | 0.04x | 11.30x | $-3.62 Billion |
| 2015 | 15.09% | 38.90% | 0.03x | 15.30x | $2.70 Billion |
| 2015 | 16.13% | 23.17% | 0.04x | 17.29x | $2.91 Billion |
| 2015 | 8.15% | 17.43% | 0.04x | 10.47x | $-1.39 Billion |
| 2016 | 12.81% | 35.53% | 0.02x | 14.44x | $1.63 Billion |
| 2016 | 14.73% | 22.39% | 0.04x | 16.62x | $2.50 Billion |
| 2016 | 7.86% | 17.26% | 0.04x | 10.72x | $-1.63 Billion |
| 2017 | 13.04% | 37.15% | 0.03x | 13.90x | $1.86 Billion |
| 2017 | 15.53% | 22.74% | 0.04x | 16.43x | $3.17 Billion |
| 2017 | 7.90% | 16.10% | 0.04x | 11.01x | $-1.63 Billion |
| 2018 | 12.55% | 36.23% | 0.03x | 13.63x | $1.64 Billion |
| 2019 | 10.36% | 32.88% | 0.02x | 13.85x | $238.60 Million |
| 2020 | 3.37% | 11.50% | 0.02x | 13.41x | $-4.51 Billion |
| 2021 | 7.58% | 25.02% | 0.02x | 12.99x | $-1.75 Billion |
| 2022 | 8.08% | 29.55% | 0.02x | 14.40x | $-1.35 Billion |
| 2023 | 9.92% | 34.27% | 0.02x | 14.20x | $-54.50 Million |
| 2024 | 9.75% | 12.22% | 0.05x | 15.03x | $-180.50 Million |
| 2025 | 9.50% | 11.93% | 0.05x | 15.48x | $-367.00 Million |
Industry Comparison
This section compares Westpac Banking Corporation's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $245,254,219,103
- Average return on equity (ROE) among peers: 10.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Westpac Banking Corporation (WEBNF) | $73.10 Billion | 9.99% | 14.41x | $61.40 Billion |
| ABN AMRO Bank N.V (AAVMY) | $27.04 Billion | 8.33% | 14.28x | $11.03 Billion |
| Agricultural Bank of China PK (ACGBY) | $290.54 Billion | 17.72% | 23.14x | $259.69 Billion |
| ANZ Group Holdings Limited (ANZGY) | $70.02 Billion | 10.15% | 14.79x | $48.69 Billion |
| Bank of America Corp (BAC) | $270.07 Billion | 11.84% | 10.74x | $338.02 Billion |
| Bank of China Ltd H (BACHF) | $861.54 Billion | 16.21% | 13.72x | $77.92 Billion |
| Banco Bilbao Vizcaya Argentaria S.A (BBVXF) | $4.73 Billion | 9.43% | 14.29x | $81.72 Billion |
| Banco Santander S.A (BCDRF) | $73.87 Billion | 12.11% | 14.03x | $86.81 Billion |
| Barclays PLC (BCLYF) | $808.57 Billion | 0.43% | 0.14x | $42.51 Billion |
| Bancorp. of Southern Indiana (BCSO) | $46.62 Million | 6.99% | 9.62x | $74.68 Million |
| The Bank of New York Mellon Corporation (BK) | $46.12 Billion | 7.84% | 9.18x | $79.57 Billion |