Ratos AB (publ) (RATO-B) - Net Assets

Latest as of December 2025: Skr15.44 Billion SEK ≈ $1.66 Billion USD

Based on the latest financial reports, Ratos AB (publ) (RATO-B) has net assets worth Skr15.44 Billion SEK (≈ $1.66 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 (Skr27.89 Billion ≈ $3.00 Billion USD) and total liabilities (Skr12.45 Billion ≈ $1.34 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. Check RATO-B cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr15.44 Billion
% of Total Assets	55.35%
Annual Growth Rate	2.88%
5-Year Change	15.82%
10-Year Change	16.17%
Growth Volatility	11.95

Ratos AB (publ) - Net Assets Trend (2002–2025)

This chart illustrates how Ratos AB (publ)'s net assets have evolved over time, based on quarterly financial data. Also explore Ratos AB (publ) assets under control for the complete picture of this company's asset base.

Annual Net Assets for Ratos AB (publ) (2002–2025)

The table below shows the annual net assets of Ratos AB (publ) from 2002 to 2025. For live valuation and market cap data, see Ratos AB (publ) stock valuation.

Year	Net Assets	Change
2025-12-31	Skr15.44 Billion ≈ $1.66 Billion	+4.63%
2024-12-31	Skr14.75 Billion ≈ $1.59 Billion	+2.08%
2023-12-31	Skr14.45 Billion ≈ $1.56 Billion	+4.81%
2022-12-31	Skr13.79 Billion ≈ $1.48 Billion	+3.46%
2021-12-31	Skr13.33 Billion ≈ $1.43 Billion	+18.14%
2020-12-31	Skr11.28 Billion ≈ $1.21 Billion	+0.56%
2019-12-31	Skr11.22 Billion ≈ $1.21 Billion	+5.53%
2018-12-31	Skr10.63 Billion ≈ $1.14 Billion	-7.93%
2017-12-31	Skr11.55 Billion ≈ $1.24 Billion	-13.10%
2016-12-31	Skr13.29 Billion ≈ $1.43 Billion	-13.17%
2015-12-31	Skr15.30 Billion ≈ $1.65 Billion	-10.04%
2014-12-31	Skr17.01 Billion ≈ $1.83 Billion	+5.43%
2013-12-31	Skr16.13 Billion ≈ $1.74 Billion	+22.77%
2012-12-31	Skr13.14 Billion ≈ $1.41 Billion	-10.33%
2011-12-31	Skr14.65 Billion ≈ $1.58 Billion	-10.99%
2010-12-31	Skr16.46 Billion ≈ $1.77 Billion	-2.01%
2009-12-31	Skr16.80 Billion ≈ $1.81 Billion	-2.82%
2008-12-31	Skr17.29 Billion ≈ $1.86 Billion	+24.66%
2007-12-31	Skr13.87 Billion ≈ $1.49 Billion	+17.40%
2006-12-31	Skr11.81 Billion ≈ $1.27 Billion	+2.25%
2005-12-31	Skr11.55 Billion ≈ $1.24 Billion	+23.44%
2004-12-31	Skr9.36 Billion ≈ $1.01 Billion	+19.59%
2003-12-31	Skr7.83 Billion ≈ $842.31 Million	-2.61%
2002-12-31	Skr8.04 Billion ≈ $864.91 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Ratos 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 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
Other Components	Skr13.31 Billion	100.00%
Total Equity	Skr13.31 Billion	100.00%

Ratos AB (publ) Competitors by Market Cap

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

Company	Market Cap
Tsakos Energy Navigation Ltd NYSE:TEN	$853.21 Million
Shenzhen Weiguang Biological Products Co Ltd SHE:002880	$853.26 Million
Shinkong Synthetic Fiber Corp TW:1409	$854.13 Million
Yatharth Hospital & Trauma Care Services Limited NSE:YATHARTH	$854.47 Million
Chongqing Pharscin Pharmaceutical Co Ltd SHE:002907	$852.45 Million
Omada Health, Inc. Common Stock NASDAQ:OMDA	$852.33 Million
Sri Trang Agro-Industry Public Company Limited BK:STA	$852.19 Million
Ottogi KO:007310	$851.90 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 12,270,000,000 to 13,308,000,000, a change of 1,038,000,000 (8.5%).
Net loss of 683,000,000 reduced equity.
Dividend payments of 442,000,000 reduced retained earnings.
Share repurchases of 128,000,000 reduced equity.
Other comprehensive income increased equity by 70,000,000.
Other factors increased equity by 2,221,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr-683.00 Million	-5.13%
Dividends Paid	Skr442.00 Million	-3.32%
Share Repurchases	Skr128.00 Million	-0.96%
Other Comprehensive Income	Skr70.00 Million	+0.53%
Other Changes	Skr2.22 Billion	+16.69%
Total Change	Skr-	8.46%

Book Value vs Market Value Analysis

This analysis compares Ratos 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: 0.80x
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 1.30x to 0.80x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	Skr25.09	Skr32.66	x
2003-12-31	Skr24.49	Skr32.66	x
2004-12-31	Skr29.47	Skr32.66	x
2005-12-31	Skr34.00	Skr32.66	x
2006-12-31	Skr33.15	Skr32.66	x
2007-12-31	Skr37.26	Skr32.66	x
2008-12-31	Skr49.78	Skr32.66	x
2009-12-31	Skr48.37	Skr32.66	x
2010-12-31	Skr47.34	Skr32.66	x
2011-12-31	Skr42.81	Skr32.66	x
2012-12-31	Skr38.72	Skr32.66	x
2013-12-31	Skr43.12	Skr32.66	x
2014-12-31	Skr43.97	Skr32.66	x
2015-12-31	Skr40.38	Skr32.66	x
2016-12-31	Skr35.37	Skr32.66	x
2017-12-31	Skr30.28	Skr32.66	x
2018-12-31	Skr27.24	Skr32.66	x
2019-12-31	Skr29.04	Skr32.66	x
2020-12-31	Skr29.17	Skr32.66	x
2021-12-31	Skr36.59	Skr32.66	x
2022-12-31	Skr37.65	Skr32.66	x
2023-12-31	Skr37.34	Skr32.66	x
2024-12-31	Skr37.50	Skr32.66	x
2025-12-31	Skr40.65	Skr32.66	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ratos 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): -5.13%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -3.63%
• Asset Turnover: 0.68x
• Equity Multiplier: 2.10x
Recent ROE (-5.13%) is below the historical average (9.27%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	4.58%	57.26%	0.07x	1.11x	Skr-428.90 Million
2003	7.85%	74.63%	0.09x	1.12x	Skr-166.00 Million
2004	22.64%	54.07%	0.32x	1.31x	Skr1.18 Billion
2005	19.28%	24.01%	0.40x	2.02x	Skr1.02 Billion
2006	23.24%	15.64%	0.60x	2.46x	Skr1.44 Billion
2007	22.23%	12.49%	0.58x	3.09x	Skr1.46 Billion
2008	33.42%	19.71%	0.63x	2.70x	Skr3.71 Billion
2009	6.10%	3.54%	0.65x	2.67x	Skr-596.20 Million
2010	15.99%	8.63%	0.69x	2.70x	Skr903.90 Million
2011	3.81%	1.76%	0.74x	2.92x	Skr-844.80 Million
2012	4.91%	2.24%	0.81x	2.72x	Skr-629.30 Million
2013	5.39%	2.84%	0.67x	2.85x	Skr-633.60 Million
2014	7.91%	3.95%	0.77x	2.62x	Skr-293.70 Million
2015	3.85%	2.03%	0.75x	2.53x	Skr-792.20 Million
2016	-4.43%	-1.98%	0.85x	2.64x	Skr-1.63 Billion
2017	2.77%	1.16%	0.91x	2.62x	Skr-698.00 Million
2018	-5.15%	-1.94%	0.93x	2.85x	Skr-1.32 Billion
2019	7.24%	3.16%	0.72x	3.16x	Skr-256.80 Million
2020	7.40%	3.31%	0.73x	3.06x	Skr-243.60 Million
2021	22.09%	11.69%	0.79x	2.38x	Skr1.44 Billion
2022	4.46%	1.83%	0.80x	3.03x	Skr-680.90 Million
2023	9.89%	3.61%	0.93x	2.93x	Skr-13.40 Million
2024	2.03%	0.78%	0.93x	2.81x	Skr-978.00 Million
2025	-5.13%	-3.63%	0.68x	2.10x	Skr-2.01 Billion

Industry Comparison

This section compares Ratos AB (publ)'s net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $1,708,495,600
Average return on equity (ROE) among peers: 10.73%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ratos AB (publ) (RATO-B)	Skr15.44 Billion	4.58%	0.81x	$853.20 Million
Afry AB (AFRY)	$4.23 Billion	14.31%	0.97x	$1.31 Billion
Bravida Holding AB (BRAV)	$1.21 Billion	0.00%	3.48x	$2.10 Billion
Bygg Partner i Dalarna Holding AB (BYGGP)	$154.20 Million	34.84%	3.26x	$243.98 Million
Fasadgruppen Group AB (FG)	$2.04 Billion	-5.68%	2.13x	$189.29 Million
Hexicon AB (HEXI)	$-285.00 Million	0.00%	0.00x	$7.05 Million
Hifab Group AB Series B (HIFA-B)	$81.67 Million	12.56%	1.48x	$20.03 Million
Hultström Group B (HULT-B)	$47.78 Million	6.14%	1.93x	$23.60 Million
Infrea AB (INFREA)	$685.60 Million	9.19%	0.87x	$51.79 Million
Instalco Intressenter AB (INSTAL)	$3.39 Billion	17.73%	2.16x	$1.11 Billion
NCC AB (publ) (NCC-A)	$5.53 Billion	18.16%	3.89x	$144.84 Million

About Ratos AB (publ)

ST:RATO-B Sweden Engineering & Construction

Market Cap

$853.20 Million

Skr7.93 Billion SEK

Market Cap Rank

#9840 Global

#149 in Sweden

Share Price

Skr32.66

Change (1 day)

+0.00%

52-Week Range

Skr31.72 - Skr41.16

All Time High

Skr57.69