Karnov Group AB (KAR) - Net Assets
Based on the latest financial reports, Karnov Group AB (KAR) has net assets worth Skr2.67 Billion SEK (≈ $287.46 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 (Skr7.03 Billion ≈ $756.86 Million USD) and total liabilities (Skr4.36 Billion ≈ $469.40 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. Check Karnov Group AB tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr2.67 Billion |
| % of Total Assets | 37.98% |
| Annual Growth Rate | 19.08% |
| 5-Year Change | 50.66% |
| 10-Year Change | N/A |
| Growth Volatility | 45.05 |
Karnov Group AB - Net Assets Trend (2016–2025)
This chart illustrates how Karnov Group AB's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Karnov Group AB to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Karnov Group AB (2016–2025)
The table below shows the annual net assets of Karnov Group AB from 2016 to 2025. For live valuation and market cap data, see KAR market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr3.25 Billion ≈ $349.24 Million |
+36.73% |
| 2024-12-31 | Skr2.37 Billion ≈ $255.43 Million |
+1.56% |
| 2023-12-31 | Skr2.34 Billion ≈ $251.50 Million |
+0.46% |
| 2022-12-31 | Skr2.33 Billion ≈ $250.36 Million |
+8.00% |
| 2021-12-31 | Skr2.15 Billion ≈ $231.81 Million |
+38.90% |
| 2020-12-31 | Skr1.55 Billion ≈ $166.90 Million |
+1.58% |
| 2019-12-31 | Skr1.53 Billion ≈ $164.30 Million |
+144.20% |
| 2018-12-31 | Skr625.21 Million ≈ $67.28 Million |
-11.34% |
| 2017-12-31 | Skr705.21 Million ≈ $75.89 Million |
+4.60% |
| 2016-12-31 | Skr674.18 Million ≈ $72.55 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Karnov Group AB'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 107241200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr893.00 Million | 27.52% |
| Common Stock | Skr1.70 Million | 0.05% |
| Other Comprehensive Income | Skr-303.50 Million | -9.35% |
| Other Components | Skr2.65 Billion | 81.78% |
| Total Equity | Skr3.25 Billion | 100.00% |
Karnov Group AB Competitors by Market Cap
The table below lists competitors of Karnov Group AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Core Lithium Ltd
AU:CXO
|
$675.62 Million |
|
Sichuan Huiyu Pharmaceutical Co Ltd
SHG:688553
|
$675.65 Million |
|
Udemy Inc
NASDAQ:UDMY
|
$675.68 Million |
|
IFE Elevators Co Ltd
SHE:002774
|
$675.96 Million |
|
Groupon Inc
NASDAQ:GRPN
|
$675.36 Million |
|
Astra Otoparts Tbk
JK:AUTO
|
$674.98 Million |
|
Kaili Catalyst & New Materials Co. Ltd. A
SHG:688269
|
$674.96 Million |
|
GEM Services Inc
TW:6525
|
$674.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Karnov Group AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,373,500,000 to 3,245,200,000, a change of 871,700,000 (36.7%).
- Net income of 970,800,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 110,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr970.80 Million | +29.91% |
| Other Comprehensive Income | Skr-110.50 Million | -3.41% |
| Other Changes | Skr11.40 Million | +0.35% |
| Total Change | Skr- | 36.73% |
Book Value vs Market Value Analysis
This analysis compares Karnov Group AB'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: 2.15x
- 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 9.91x to 2.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Skr6.52 | Skr64.60 | x |
| 2017-12-31 | Skr6.80 | Skr64.60 | x |
| 2018-12-31 | Skr6.21 | Skr64.60 | x |
| 2019-12-31 | Skr17.99 | Skr64.60 | x |
| 2020-12-31 | Skr15.80 | Skr64.60 | x |
| 2021-12-31 | Skr21.85 | Skr64.60 | x |
| 2022-12-31 | Skr21.46 | Skr64.60 | x |
| 2023-12-31 | Skr21.62 | Skr64.60 | x |
| 2024-12-31 | Skr22.00 | Skr64.60 | x |
| 2025-12-31 | Skr30.02 | Skr64.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Karnov Group AB 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): 29.91%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.76%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.28x
- Recent ROE (29.91%) is above the historical average (2.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -13.29% | -20.05% | 0.18x | 3.59x | Skr-148.29 Million |
| 2017 | 1.10% | 1.62% | 0.19x | 3.61x | Skr-59.08 Million |
| 2018 | -8.39% | -7.12% | 0.21x | 5.59x | Skr-111.59 Million |
| 2019 | 0.17% | 0.35% | 0.22x | 2.23x | Skr-150.03 Million |
| 2020 | 6.47% | 12.95% | 0.21x | 2.39x | Skr-54.46 Million |
| 2021 | 3.95% | 9.67% | 0.19x | 2.11x | Skr-129.84 Million |
| 2022 | 2.58% | 5.38% | 0.15x | 3.21x | Skr-172.08 Million |
| 2023 | 1.63% | 1.54% | 0.36x | 2.97x | Skr-195.50 Million |
| 2024 | -1.39% | -1.28% | 0.35x | 3.16x | Skr-270.45 Million |
| 2025 | 29.91% | 36.76% | 0.36x | 2.28x | Skr646.28 Million |
Industry Comparison
This section compares Karnov Group AB's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $768,069,974
- Average return on equity (ROE) among peers: 14.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Karnov Group AB (KAR) | Skr2.67 Billion | -13.29% | 1.63x | $675.59 Million |
| Awardit AB (AWRD) | $565.99 Million | 4.46% | 1.24x | $121.17 Million |
| COOR Service Management AB (COOR) | $2.17 Billion | 4.80% | 1.99x | $519.47 Million |
| Drillcon AB (DRIL) | $21.72 Million | 40.49% | 1.71x | $17.90 Million |
| Green Landscaping Group AB (publ) (GREEN) | $1.68 Billion | 11.65% | 2.59x | $164.05 Million |
| Nepa AB (NEPA) | $65.07 Million | 20.18% | 1.57x | $16.71 Million |
| ScandBook Holding AB (SBOK) | $107.64 Million | 3.12% | 1.00x | $25.72 Million |
About Karnov Group AB
Karnov Group AB (publ) provides information and workflow solutions in Denmark, Sweden, Norway, France, Spain, and Portugal. It offers research, business valuation tools, international guides and workflow solutions, and literature; legal research solutions, continued legal education, and compliance workflow solutions. The company provides its products under the Karnov, Norstedts Juridik, Aranzadi … Read more