AB Volvo (publ) (VOLV-B) - Net Assets

Latest as of September 2025: Skr171.87 Billion SEK

Based on the latest financial reports, AB Volvo (publ) (VOLV-B) has net assets worth Skr171.87 Billion SEK as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr644.98 Billion) and total liabilities (Skr473.11 Billion). 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	Skr171.87 Billion
% of Total Assets	26.65%
Annual Growth Rate	7.79%
5-Year Change	33.22%
10-Year Change	130.53%
Growth Volatility	27.41

AB Volvo (publ) - Net Assets Trend (1987–2024)

This chart illustrates how AB Volvo (publ)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for AB Volvo (publ) (1987–2024)

The table below shows the annual net assets of AB Volvo (publ) from 1987 to 2024.

Year	Net Assets	Change
2024-12-31	Skr197.36 Billion	+9.20%
2023-12-31	Skr180.74 Billion	+8.72%
2022-12-31	Skr166.24 Billion	+15.35%
2021-12-31	Skr144.12 Billion	-2.72%
2020-12-31	Skr148.14 Billion	+4.56%
2019-12-31	Skr141.68 Billion	+12.59%
2018-12-31	Skr125.83 Billion	+15.43%
2017-12-31	Skr109.01 Billion	+11.50%
2016-12-31	Skr97.76 Billion	+14.20%
2015-12-31	Skr85.61 Billion	+6.95%
2014-12-31	Skr80.05 Billion	+3.47%
2013-12-31	Skr77.36 Billion	-10.99%
2012-12-31	Skr86.91 Billion	+1.44%
2011-12-31	Skr85.68 Billion	+15.60%
2010-12-31	Skr74.12 Billion	+10.57%
2009-12-31	Skr67.03 Billion	-20.80%
2008-12-31	Skr84.64 Billion	+2.25%
2007-12-31	Skr82.78 Billion	-4.78%
2006-12-31	Skr86.93 Billion	+10.44%
2005-12-31	Skr78.71 Billion	+12.28%
2004-12-31	Skr70.10 Billion	-3.40%
2003-12-31	Skr72.57 Billion	-7.77%
2002-12-31	Skr78.68 Billion	-8.02%
2001-12-31	Skr85.54 Billion	-4.51%
2000-12-31	Skr89.58 Billion	-8.72%
1999-12-31	Skr98.14 Billion	+42.29%
1998-12-31	Skr68.97 Billion	+11.90%
1997-12-31	Skr61.64 Billion	+5.64%
1996-12-31	Skr58.34 Billion	+13.67%
1995-12-31	Skr51.33 Billion	+55.85%
1994-12-31	Skr32.93 Billion	-2.51%
1993-12-31	Skr33.78 Billion	+0.52%
1992-12-31	Skr33.61 Billion	-14.09%
1991-12-31	Skr39.12 Billion	+11.38%
1990-12-31	Skr35.12 Billion	-5.98%
1989-12-31	Skr37.36 Billion	+151.20%
1988-12-31	Skr14.87 Billion	+20.83%
1987-12-31	Skr12.31 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to AB Volvo (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 2114.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	Skr179.59 Billion	92.55%
Common Stock	Skr2.56 Billion	1.32%
Other Comprehensive Income	Skr11.90 Billion	6.13%
Total Equity	Skr194.05 Billion	100.00%

AB Volvo (publ) Competitors by Market Cap

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

Company	Market Cap
Deutsche Post AG XETRA:DHL	$56.42 Billion
MPLX LP NYSE:MPLX	$56.72 Billion
National Bank of Canada TO:NA	$56.82 Billion
Hindustan Unilever Limited NSE:HINDUNILVR	$56.94 Billion
Wal-Mart de México S.A.B. de C.V MX:WALMEX	$56.00 Billion
Nokia ST:NOKIA-SEK	$55.98 Billion
Assicurazioni Generali SpA IL:0K78	$55.90 Billion
Shandong Hongchuang Aluminum Industry Holding Co Ltd SHE:002379	$55.53 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 177,791,000,000 to 194,048,000,000, a change of 16,257,000,000 (9.1%).
Net income of 50,389,000,000 contributed positively to equity growth.
Dividend payments of 36,602,000,000 reduced retained earnings.
Other comprehensive income increased equity by 2,282,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Skr50.39 Billion	+25.97%
Dividends Paid	Skr36.60 Billion	-18.86%
Other Comprehensive Income	Skr2.28 Billion	+1.18%
Other Changes	Skr188.00 Million	+0.1%
Total Change	Skr-	9.14%

Book Value vs Market Value Analysis

This analysis compares AB Volvo (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: 3.44x
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 51.83x to 3.44x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1987-12-31	Skr6.33	Skr328.30	x
1988-12-31	Skr7.66	Skr328.30	x
1989-12-31	Skr21.72	Skr328.30	x
1990-12-31	Skr18.10	Skr328.30	x
1991-12-31	Skr17.58	Skr328.30	x
1992-12-31	Skr15.32	Skr328.30	x
1993-12-31	Skr13.94	Skr328.30	x
1994-12-31	Skr15.52	Skr328.30	x
1995-12-31	Skr22.13	Skr328.30	x
1996-12-31	Skr24.95	Skr328.30	x
1997-12-31	Skr26.88	Skr328.30	x
1998-12-31	Skr30.92	Skr328.30	x
1999-12-31	Skr44.21	Skr328.30	x
2000-12-31	Skr42.25	Skr328.30	x
2001-12-31	Skr40.22	Skr328.30	x
2002-12-31	Skr36.90	Skr328.30	x
2003-12-31	Skr34.34	Skr328.30	x
2004-12-31	Skr33.19	Skr328.30	x
2005-12-31	Skr38.61	Skr328.30	x
2006-12-31	Skr42.84	Skr328.30	x
2007-12-31	Skr40.57	Skr328.30	x
2008-12-31	Skr41.45	Skr328.30	x
2009-12-31	Skr32.75	Skr328.30	x
2010-12-31	Skr36.07	Skr328.30	x
2011-12-31	Skr41.71	Skr328.30	x
2012-12-31	Skr42.19	Skr328.30	x
2013-12-31	Skr37.45	Skr328.30	x
2014-12-31	Skr38.56	Skr328.30	x
2015-12-31	Skr41.25	Skr328.30	x
2016-12-31	Skr47.25	Skr328.30	x
2017-12-31	Skr52.67	Skr328.30	x
2018-12-31	Skr60.69	Skr328.30	x
2019-12-31	Skr68.16	Skr328.30	x
2020-12-31	Skr71.45	Skr328.30	x
2021-12-31	Skr69.36	Skr328.30	x
2022-12-31	Skr80.02	Skr328.30	x
2023-12-31	Skr87.45	Skr328.30	x
2024-12-31	Skr95.43	Skr328.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently AB Volvo (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): 25.97%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.56%
• Asset Turnover: 0.74x
• Equity Multiplier: 3.68x
Recent ROE (25.97%) is above the historical average (13.13%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1987	26.83%	3.56%	1.19x	6.37x	Skr2.07 Billion
1988	22.44%	3.45%	1.11x	5.86x	Skr1.85 Billion
1989	12.72%	5.26%	0.93x	2.61x	Skr1.02 Billion
1990	-2.89%	-1.23%	0.81x	2.89x	Skr-4.53 Billion
1991	4.15%	1.82%	0.72x	3.15x	Skr-1.99 Billion
1992	-11.17%	-4.00%	0.71x	3.94x	Skr-6.29 Billion
1993	-12.79%	-3.12%	0.83x	4.97x	Skr-6.18 Billion
1994	30.53%	8.49%	1.12x	3.20x	Skr6.63 Billion
1995	18.09%	5.40%	1.24x	2.71x	Skr4.10 Billion
1996	21.56%	7.99%	1.11x	2.44x	Skr6.69 Billion
1997	17.14%	5.64%	1.12x	2.70x	Skr4.34 Billion
1998	12.69%	4.06%	1.04x	3.00x	Skr1.83 Billion
1999	32.99%	25.78%	0.64x	2.00x	Skr22.43 Billion
2000	5.33%	3.62%	0.65x	2.27x	Skr-4.15 Billion
2001	-1.72%	-0.78%	0.73x	3.06x	Skr-9.98 Billion
2002	1.78%	0.75%	0.78x	3.06x	Skr-6.44 Billion
2003	0.41%	0.16%	0.79x	3.19x	Skr-6.94 Billion
2004	13.47%	4.44%	0.94x	3.21x	Skr2.43 Billion
2005	16.63%	5.43%	0.94x	3.28x	Skr5.20 Billion
2006	18.72%	6.28%	1.00x	2.97x	Skr7.55 Billion
2007	18.28%	5.27%	0.89x	3.91x	Skr6.81 Billion
2008	11.83%	3.27%	0.82x	4.43x	Skr1.54 Billion
2009	-22.16%	-6.74%	0.66x	5.00x	Skr-21.36 Billion
2010	14.86%	4.10%	0.83x	4.35x	Skr3.56 Billion
2011	20.99%	5.72%	0.88x	4.18x	Skr9.29 Billion
2012	12.89%	3.64%	0.90x	3.96x	Skr2.47 Billion
2013	4.71%	1.31%	0.79x	4.54x	Skr-4.02 Billion
2014	2.68%	0.74%	0.74x	4.89x	Skr-5.73 Billion
2015	17.97%	4.82%	0.84x	4.46x	Skr6.68 Billion
2016	13.69%	4.35%	0.76x	4.15x	Skr3.54 Billion
2017	19.60%	6.27%	0.81x	3.85x	Skr10.27 Billion
2018	20.18%	6.37%	0.82x	3.85x	Skr12.56 Billion
2019	25.87%	8.30%	0.82x	3.79x	Skr22.00 Billion
2020	13.30%	5.71%	0.66x	3.52x	Skr4.79 Billion
2021	23.25%	8.81%	0.72x	3.66x	Skr18.68 Billion
2022	20.11%	6.91%	0.75x	3.87x	Skr16.45 Billion
2023	28.02%	9.01%	0.82x	3.79x	Skr32.05 Billion
2024	25.97%	9.56%	0.74x	3.68x	Skr30.98 Billion

Industry Comparison

This section compares AB Volvo (publ)'s net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.

Industry Context

Industry: Farm & Heavy Construction Machinery
Average net assets among peers: $14,561,845,445
Average return on equity (ROE) among peers: 4.91%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
AB Volvo (publ) (VOLV-B)	Skr171.87 Billion	26.83%	2.75x	$56.15 Billion
engcon AB Cl B (ENGCON-B)	$501.00 Million	60.88%	1.37x	$856.33 Million
Epiroc AB (publ) (EPI-A)	$43.18 Billion	20.22%	0.94x	$22.47 Billion
Lyckegard Group AB (LYGRD)	$4.54 Million	-66.37%	3.66x	$20.95 Million

About AB Volvo (publ)

ST:VOLV-B Sweden Farm & Heavy Construction Machinery

Market Cap

$56.15 Billion

Skr521.72 Billion SEK

Market Cap Rank

#410 Global

#2 in Sweden

Share Price

Skr328.30

Change (1 day)

+3.86%

52-Week Range

Skr247.40 - Skr353.20

All Time High

Skr353.20