Gapwaves AB Series B (GAPW-B) - Net Assets

Latest as of March 2026: Skr103.75 Million SEK ≈ $11.16 Million USD

Based on the latest financial reports, Gapwaves AB Series B (GAPW-B) has net assets worth Skr103.75 Million SEK (≈ $11.16 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr150.23 Million ≈ $16.17 Million USD) and total liabilities (Skr46.48 Million ≈ $5.00 Million 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 how large is Gapwaves AB Series B's balance sheet for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr103.75 Million
% of Total Assets	69.06%
Annual Growth Rate	35.78%
5-Year Change	-48.58%
10-Year Change	296.66%
Growth Volatility	344.9

Gapwaves AB Series B - Net Assets Trend (2013–2025)

This chart illustrates how Gapwaves AB Series B's net assets have evolved over time, based on quarterly financial data. Check Gapwaves AB Series B tangible equity quality to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Gapwaves AB Series B (2013–2025)

The table below shows the annual net assets of Gapwaves AB Series B from 2013 to 2025. For live valuation and market cap data, see Gapwaves AB Series B (GAPW-B) total market value.

Year	Net Assets	Change
2025-12-31	Skr117.27 Million ≈ $12.62 Million	+14.34%
2024-12-31	Skr102.57 Million ≈ $11.04 Million	-33.10%
2023-12-31	Skr153.31 Million ≈ $16.50 Million	-30.90%
2022-12-31	Skr221.88 Million ≈ $23.88 Million	-2.72%
2021-12-31	Skr228.08 Million ≈ $24.55 Million	+187.60%
2020-12-31	Skr79.31 Million ≈ $8.53 Million	-30.82%
2019-12-31	Skr114.64 Million ≈ $12.34 Million	+43.38%
2018-12-31	Skr79.95 Million ≈ $8.60 Million	+198.78%
2017-12-31	Skr26.76 Million ≈ $2.88 Million	-9.49%
2016-12-31	Skr29.57 Million ≈ $3.18 Million	+1245.32%
2015-12-31	Skr2.20 Million ≈ $236.50K	-50.55%
2014-12-31	Skr4.44 Million ≈ $478.29K	+48.80%
2013-12-31	Skr2.99 Million ≈ $321.44K	--

Equity Component Analysis

This analysis shows how different components contribute to Gapwaves AB Series B'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 13618.2% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	Skr2.18 Million	1.86%
Other Components	Skr497.44 Million	424.17%
Total Equity	Skr117.27 Million	100.00%

Gapwaves AB Series B Competitors by Market Cap

The table below lists competitors of Gapwaves AB Series B ranked by their market capitalization.

Company	Market Cap
Woongjin Thinkbig Co Ltd KO:095720	$42.67 Million
Inspirisys Solutions Limited NSE:INSPIRISYS	$42.69 Million
Mineralbrunnen Überkingen-Teinach GmbH & Co. KGaA F:MUT3	$42.71 Million
Econpile Holdings Bhd KLSE:5253	$42.71 Million
SKILLCAST GROUP LS -001 F:K9I	$42.65 Million
VIVOPOWER INTL. DL -012 F:51J	$42.65 Million
Gavari Properties SOCIMI S.A. MC:YGAV	$42.64 Million
Beforepay Group Ltd AU:B4P	$42.63 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Gapwaves AB Series B's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 102,568,000 to 117,274,000, a change of 14,706,000 (14.3%).
Net loss of 58,241,000 reduced equity.
Share repurchases of 71,611,000 reduced equity.
New share issuances of 71,611,000 increased equity.
Other comprehensive income increased equity by 325,448,000.
Other factors decreased equity by 252,501,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr-58.24 Million	-49.66%
Share Repurchases	Skr71.61 Million	-61.06%
Share Issuances	Skr71.61 Million	+61.06%
Other Comprehensive Income	Skr325.45 Million	+277.51%
Other Changes	Skr-252.50 Million	-215.31%
Total Change	Skr-	14.34%

Book Value vs Market Value Analysis

This analysis compares Gapwaves AB Series B'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: 3.67x
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 decreased from 70.47x to 3.67x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	Skr0.20	Skr13.80	x
2014-12-31	Skr0.29	Skr13.80	x
2015-12-31	Skr0.14	Skr13.80	x
2016-12-31	Skr1.97	Skr13.80	x
2017-12-31	Skr1.80	Skr13.80	x
2018-12-31	Skr3.65	Skr13.80	x
2019-12-31	Skr4.58	Skr13.80	x
2020-12-31	Skr2.90	Skr13.80	x
2021-12-31	Skr7.43	Skr13.80	x
2022-12-31	Skr7.12	Skr13.80	x
2023-12-31	Skr4.92	Skr13.80	x
2024-12-31	Skr3.29	Skr13.80	x
2025-12-31	Skr3.77	Skr13.80	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Gapwaves AB Series B 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): -49.66%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -64.32%
• Asset Turnover: 0.55x
• Equity Multiplier: 1.41x
Recent ROE (-49.66%) is above the historical average (-54.67%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	-51.98%	-260.99%	0.16x	1.22x	Skr-1.85 Million
2014	-45.96%	-125.31%	0.32x	1.16x	Skr-2.49 Million
2015	-170.49%	-242.50%	0.15x	4.61x	Skr-3.97 Million
2016	-29.04%	-765.24%	0.03x	1.29x	Skr-11.54 Million
2017	-102.29%	-3131.81%	0.02x	1.57x	Skr-30.05 Million
2018	-55.01%	-2496.08%	0.02x	1.18x	Skr-51.98 Million
2019	-31.51%	-224.39%	0.12x	1.16x	Skr-47.58 Million
2020	-55.98%	-273.00%	0.16x	1.24x	Skr-52.33 Million
2021	-15.92%	-104.17%	0.14x	1.11x	Skr-59.12 Million
2022	-6.91%	-23.95%	0.25x	1.13x	Skr-37.52 Million
2023	-45.16%	-251.67%	0.16x	1.12x	Skr-84.57 Million
2024	-50.77%	-78.80%	0.50x	1.28x	Skr-62.33 Million
2025	-49.66%	-64.32%	0.55x	1.41x	Skr-69.97 Million

Industry Comparison

This section compares Gapwaves AB Series B's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

Industry: Communication Equipment
Average net assets among peers: $24,125,661,961
Average return on equity (ROE) among peers: -19.40%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Gapwaves AB Series B (GAPW-B)	Skr103.75 Million	-51.98%	0.45x	$42.65 Million
Alcadon Group AB (ALCA)	$59.98 Million	37.34%	3.20x	$82.56 Million
DORO AB (DORO)	$93.60 Million	25.32%	2.25x	$105.09 Million
Ependion AB (EPEN)	$421.16 Million	-29.93%	2.40x	$513.20 Million
Telefonaktiebolaget LM Ericsson (publ) (ERIC-A)	$145.27 Billion	8.39%	0.93x	$2.63 Billion
Telefonaktiebolaget LM Ericsson (publ) (ERIC-B)	$65.21 Billion	20.01%	1.57x	$30.67 Billion
Hitech & Development Wireless Sweden Holding AB (publ) (HDW-B)	$59.21 Million	-38.86%	0.39x	$588.92K
HMS Networks AB (publ) (HMS)	$1.93 Billion	29.53%	0.56x	$2.55 Billion
Hexatronic Group AB (HTRO)	$4.06 Billion	8.53%	1.21x	$896.70 Million
InCoax Networks AB (INCOAX)	$24.62 Million	-234.91%	0.72x	$15.26 Million

About Gapwaves AB Series B

ST:GAPW-B Sweden Communication Equipment

Market Cap

$42.65 Million

Skr396.33 Million SEK

Market Cap Rank

#22463 Global

#425 in Sweden

Share Price

Skr13.80

Change (1 day)

+1.47%

52-Week Range

Skr10.00 - Skr29.25

All Time High

Skr74.80