Pandox AB (publ) Net Assets

Latest as of March 2026: Skr34.94 Billion SEK ≈ $3.76 Billion USD

Pandox AB (publ) net assets. Based on the latest financial reports, Pandox AB (publ) (PNDX-B) has net assets worth Skr34.94 Billion SEK (≈ $3.76 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr113.78 Billion ≈ $12.24 Billion USD) and total liabilities (Skr78.83 Billion ≈ $8.48 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 Pandox AB (publ) annual equity growth to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr34.94 Billion
% of Total Assets	30.71%
Annual Growth Rate	9.9%
5-Year Change	33.62%
10-Year Change	122.64%
Growth Volatility	10.78

Net Assets of Pandox AB (publ) (2011–2025)

Net assets of Pandox AB (publ) from 2011 to 2025. This chart illustrates how Pandox AB (publ)'s net assets have evolved over time, based on quarterly financial data. See Pandox AB (publ) balance sheet quality to measure how much of total assets are equity-financed.

Annual Net Assets for Pandox AB (publ) (2011–2025)

The table below shows the annual net assets of Pandox AB (publ) from 2011 to 2025. For live market cap and overall valuation, see Pandox AB (publ) stock valuation.

Year	Net Assets	Change
2025-12-31	Skr33.97 Billion ≈ $3.66 Billion	+0.82%
2024-12-31	Skr33.70 Billion ≈ $3.63 Billion	+13.36%
2023-12-31	Skr29.73 Billion ≈ $3.20 Billion	-3.91%
2022-12-31	Skr30.93 Billion ≈ $3.33 Billion	+21.68%
2021-12-31	Skr25.42 Billion ≈ $2.74 Billion	+5.54%
2020-12-31	Skr24.09 Billion ≈ $2.59 Billion	-9.12%
2019-12-31	Skr26.51 Billion ≈ $2.85 Billion	+23.07%
2018-12-31	Skr21.54 Billion ≈ $2.32 Billion	+13.20%
2017-12-31	Skr19.03 Billion ≈ $2.05 Billion	+24.70%
2016-12-31	Skr15.26 Billion ≈ $1.64 Billion	+24.91%
2015-12-31	Skr12.21 Billion ≈ $1.31 Billion	+17.43%
2014-12-31	Skr10.40 Billion ≈ $1.12 Billion	-0.26%
2013-12-31	Skr10.43 Billion ≈ $1.12 Billion	+11.00%
2012-12-31	Skr9.40 Billion ≈ $1.01 Billion	+3.76%
2011-12-31	Skr9.05 Billion ≈ $974.43 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Pandox AB (publ)'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 231.4% over the analyzed period, indicating profitable operations and earnings retention.

Pandox AB (publ) Net Assets Breakdown (December 2025)

Pandox AB (publ) net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Retained Earnings	Skr23.65 Billion	70.11%
Common Stock	Skr487.00 Million	1.44%
Other Comprehensive Income	Skr-46.00 Million	-0.14%
Other Components	Skr9.64 Billion	28.58%
Total Equity	Skr33.73 Billion	100.00%

Pandox AB (publ) Competitors by Market Cap

The table below lists competitors of Pandox AB (publ) ranked by their market capitalization.

Company	Market Cap
Spartan Delta Corp TO:SDE	$2.13 Billion
China Southern Airlines Company Limited F:ZNHH	$2.13 Billion
Autohome Inc ADR F:8AHB	$2.13 Billion
SAGILITY INDIA LIMITED NSE:SAGILITY	$2.13 Billion
Frontken Corporation Bhd KLSE:0128	$2.13 Billion
Íslandsbanki hf. IC:ISB	$2.13 Billion
John Wiley & Sons NYSE:WLY	$2.12 Billion
Compania Cervecerias Unidas SA SN:CCU	$2.12 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Pandox AB (publ)'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 33,528,000,000 to 33,729,000,000, a change of 201,000,000 (0.6%).
Net income of 3,140,000,000 contributed positively to equity growth.
Dividend payments of 827,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 2,280,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr3.14 Billion	+9.31%
Dividends Paid	Skr827.00 Million	-2.45%
Other Comprehensive Income	Skr-2.28 Billion	-6.76%
Other Changes	Skr168.00 Million	+0.5%
Total Change	Skr-	0.60%

Book Value vs Market Value Analysis

This analysis compares Pandox AB (publ)'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: 0.95x
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 2.63x to 0.95x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	Skr62.89	Skr165.20	x
2013-12-31	Skr69.80	Skr165.20	x
2014-12-31	Skr69.34	Skr165.20	x
2015-12-31	Skr80.61	Skr165.20	x
2016-12-31	Skr100.36	Skr165.20	x
2017-12-31	Skr119.38	Skr165.20	x
2018-12-31	Skr127.63	Skr165.20	x
2019-12-31	Skr154.95	Skr165.20	x
2020-12-31	Skr129.89	Skr165.20	x
2021-12-31	Skr137.14	Skr165.20	x
2022-12-31	Skr167.47	Skr165.20	x
2023-12-31	Skr160.85	Skr165.20	x
2024-12-31	Skr179.42	Skr165.20	x
2025-12-31	Skr173.32	Skr165.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Pandox AB (publ) 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): 9.31%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 42.04%
• Asset Turnover: 0.07x
• Equity Multiplier: 3.32x
Recent ROE (9.31%) is above the historical average (8.67%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	5.28%	17.90%	0.10x	2.91x	Skr-443.04 Million
2013	9.09%	32.72%	0.10x	2.67x	Skr-95.18 Million
2014	12.04%	40.73%	0.11x	2.62x	Skr212.55 Million
2015	17.62%	59.38%	0.11x	2.61x	Skr921.80 Million
2016	14.59%	55.79%	0.10x	2.55x	Skr692.90 Million
2017	16.66%	73.55%	0.08x	2.75x	Skr1.26 Billion
2018	13.19%	55.04%	0.09x	2.57x	Skr682.20 Million
2019	10.27%	48.73%	0.08x	2.49x	Skr71.00 Million
2020	-5.90%	-44.30%	0.05x	2.71x	Skr-3.80 Billion
2021	2.42%	18.64%	0.05x	2.65x	Skr-1.91 Billion
2022	13.72%	74.58%	0.08x	2.45x	Skr1.14 Billion
2023	-1.98%	-8.50%	0.09x	2.48x	Skr-3.54 Billion
2024	5.04%	23.67%	0.09x	2.41x	Skr-1.66 Billion
2025	9.31%	42.04%	0.07x	3.32x	Skr-232.90 Million

Industry Comparison

This section compares Pandox AB (publ)'s net assets metrics with peer companies in the Real Estate Services industry.

Industry Context

Industry: Real Estate Services
Average net assets among peers: $3,582,764,625
Average return on equity (ROE) among peers: 7.74%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Pandox AB (publ) (PNDX-B)	Skr34.94 Billion	5.28%	2.26x	$2.13 Billion
Altra Fastigheter AB (publ) (ALTRA)	$17.69 Billion	3.06%	1.40x	$1.53 Billion
Annehem Fastigheter AB (ANNE-B)	$280.50 Million	0.00%	2.10x	$116.65 Million
Bonasudden Holding AB (BONAS)	$321.88 Million	0.45%	1.42x	$23.86 Million
Brinova Fastigheter AB (publ) (BRIN-B)	$1.98 Billion	8.11%	2.16x	$224.00 Million
Eastnine AB (publ) (EAST)	$525.43 Million	21.82%	0.04x	$442.45 Million
Fastighetsbolaget Emilshus AB (EMIL-B)	$-32.94 Million	0.00%	0.00x	$547.28 Million
Fabege AB (FABG)	$11.33 Billion	11.62%	2.39x	$2.18 Billion
Fastator AB (FASTAT)	$2.48 Billion	18.90%	1.98x	$11.96 Million
Fleming Properties AB (FLMNG)	$58.59 Million	6.21%	1.45x	$36.27 Million
Fortinova Fastigheter AB Series B (FNOVA-B)	$1.19 Billion	7.24%	1.05x	$100.60 Million

About Pandox AB (publ)

ST:PNDX-B Sweden Real Estate Services

Market Cap

$2.13 Billion

Skr19.76 Billion SEK

Market Cap Rank

#5720 Global

#90 in Sweden

Share Price

Skr165.20

Change (1 day)

+0.12%

52-Week Range

Skr148.80 - Skr203.00

All Time High

Skr209.50