BKW AG (BKW) - Net Assets

Latest as of December 2025: CHF5.92 Billion CHF ≈ $7.48 Billion USD

Based on the latest financial reports, BKW AG (BKW) has net assets worth CHF5.92 Billion CHF (≈ $7.48 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 (CHF11.64 Billion ≈ $14.72 Billion USD) and total liabilities (CHF5.73 Billion ≈ $7.24 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 BKW AG asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CHF5.92 Billion
% of Total Assets	50.82%
Annual Growth Rate	3.65%
5-Year Change	40.02%
10-Year Change	101.22%
Growth Volatility	7.67

BKW AG - Net Assets Trend (2007–2025)

This chart illustrates how BKW AG's net assets have evolved over time, based on quarterly financial data. Also explore BKW current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for BKW AG (2007–2025)

The table below shows the annual net assets of BKW AG from 2007 to 2025. For live valuation and market cap data, see BKW company net worth.

Year	Net Assets	Change
2025-12-31	CHF5.92 Billion ≈ $7.48 Billion	+4.56%
2024-12-31	CHF5.66 Billion ≈ $7.16 Billion	+12.14%
2023-12-31	CHF5.05 Billion ≈ $6.38 Billion	+15.24%
2022-12-31	CHF4.38 Billion ≈ $5.54 Billion	+3.63%
2021-12-31	CHF4.23 Billion ≈ $5.34 Billion	+5.94%
2020-12-31	CHF3.99 Billion ≈ $5.04 Billion	+6.81%
2019-12-31	CHF3.74 Billion ≈ $4.72 Billion	+7.57%
2018-12-31	CHF3.47 Billion ≈ $4.39 Billion	+1.94%
2017-12-31	CHF3.41 Billion ≈ $4.31 Billion	+15.83%
2016-12-31	CHF2.94 Billion ≈ $3.72 Billion	+14.17%
2015-12-31	CHF2.58 Billion ≈ $3.26 Billion	+2.02%
2014-12-31	CHF2.52 Billion ≈ $3.19 Billion	+6.73%
2013-12-31	CHF2.37 Billion ≈ $2.99 Billion	-4.48%
2012-12-31	CHF2.48 Billion ≈ $3.13 Billion	-6.72%
2011-12-31	CHF2.65 Billion ≈ $3.36 Billion	-8.60%
2010-12-31	CHF2.90 Billion ≈ $3.67 Billion	-10.47%
2009-12-31	CHF3.24 Billion ≈ $4.10 Billion	+5.68%
2008-12-31	CHF3.07 Billion ≈ $3.88 Billion	-1.13%
2007-12-31	CHF3.10 Billion ≈ $3.93 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to BKW AG'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 74.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CHF5.28 Billion	96.61%
Common Stock	CHF132.00 Million	2.41%
Other Comprehensive Income	CHF58.00 Million	1.06%
Total Equity	CHF5.47 Billion	100.00%

BKW AG Competitors by Market Cap

The table below lists competitors of BKW AG ranked by their market capitalization.

Company	Market Cap
Autoliv Inc ST:ALIV-SDB	$8.49 Billion
Yunnan Tin Co Ltd SHE:000960	$8.49 Billion
TongKun Group Co Ltd SHG:601233	$8.50 Billion
Zillow Group Inc Class C NASDAQ:Z	$8.50 Billion
DISCOVERY LTD(UNSP.ADR)/3 F:D3H0	$8.48 Billion
Orion Oyj B HE:ORNBV	$8.48 Billion
UNICHARM CORP. SP.ADR 1 F:UN41	$8.48 Billion
Sunway Bhd KLSE:5211	$8.47 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in BKW AG's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,211,500,000 to 5,466,700,000, a change of 255,200,000 (4.9%).
Net income of 356,800,000 contributed positively to equity growth.
Dividend payments of 195,000,000 reduced retained earnings.
Share repurchases of 22,800,000 reduced equity.
New share issuances of 14,300,000 increased equity.
Other comprehensive income increased equity by 92,699,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CHF356.80 Million	+6.53%
Dividends Paid	CHF195.00 Million	-3.57%
Share Repurchases	CHF22.80 Million	-0.42%
Share Issuances	CHF14.30 Million	+0.26%
Other Comprehensive Income	CHF92.70 Million	+1.7%
Other Changes	CHF9.20 Million	+0.17%
Total Change	CHF-	4.90%

Book Value vs Market Value Analysis

This analysis compares BKW AG'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: 1.51x
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 2.66x to 1.51x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-12-31	CHF58.64	CHF156.20	x
2009-12-31	CHF61.91	CHF156.20	x
2010-12-31	CHF57.59	CHF156.20	x
2011-12-31	CHF55.26	CHF156.20	x
2012-12-31	CHF50.79	CHF156.20	x
2013-12-31	CHF48.37	CHF156.20	x
2014-12-31	CHF49.35	CHF156.20	x
2015-12-31	CHF47.05	CHF156.20	x
2016-12-31	CHF50.80	CHF156.20	x
2017-12-31	CHF59.59	CHF156.20	x
2018-12-31	CHF60.63	CHF156.20	x
2019-12-31	CHF65.65	CHF156.20	x
2020-12-31	CHF70.08	CHF156.20	x
2021-12-31	CHF74.26	CHF156.20	x
2022-12-31	CHF77.08	CHF156.20	x
2023-12-31	CHF87.46	CHF156.20	x
2024-12-31	CHF98.83	CHF156.20	x
2025-12-31	CHF103.69	CHF156.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently BKW AG 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): 6.53%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.49%
• Asset Turnover: 0.36x
• Equity Multiplier: 2.13x
Recent ROE (6.53%) is below the historical average (7.48%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	4.52%	4.06%	0.57x	1.97x	CHF-166.77 Million
2009	9.26%	8.55%	0.54x	2.02x	CHF-23.68 Million
2010	7.88%	8.47%	0.41x	2.28x	CHF-61.06 Million
2011	-2.61%	-2.72%	0.35x	2.71x	CHF-329.30 Million
2012	5.26%	4.68%	0.37x	3.01x	CHF-115.52 Million
2013	-9.33%	-8.30%	0.34x	3.30x	CHF-449.00 Million
2014	11.84%	10.36%	0.35x	3.26x	CHF44.89 Million
2015	11.17%	10.68%	0.32x	3.23x	CHF29.05 Million
2016	11.62%	13.17%	0.28x	3.20x	CHF43.36 Million
2017	8.00%	10.42%	0.27x	2.89x	CHF-62.93 Million
2018	5.83%	7.17%	0.29x	2.83x	CHF-133.48 Million
2019	11.30%	14.43%	0.29x	2.70x	CHF45.01 Million
2020	9.79%	12.32%	0.31x	2.58x	CHF-7.87 Million
2021	7.77%	9.01%	0.28x	3.10x	CHF-87.19 Million
2022	13.53%	10.86%	0.42x	2.94x	CHF143.51 Million
2023	10.36%	10.78%	0.40x	2.39x	CHF16.48 Million
2024	11.94%	13.68%	0.39x	2.22x	CHF101.05 Million
2025	6.53%	8.49%	0.36x	2.13x	CHF-189.87 Million

Industry Comparison

This section compares BKW AG's net assets metrics with peer companies in the Utilities - Renewable industry.

Industry Context

Industry: Utilities - Renewable
Average net assets among peers: $827,044,667
Average return on equity (ROE) among peers: 3.20%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
BKW AG (BKW)	CHF5.92 Billion	4.52%	0.97x	$8.48 Billion
Edisun Power Europe AG (ESUN)	$81.74 Million	4.03%	1.48x	$74.32 Million
NATURENERGIE (NEAG)	$729.60 Million	5.91%	1.01x	$400.58K
ROMANDE ENERGIE SA (REHN)	$1.67 Billion	-0.34%	0.28x	$1.15 Billion

About BKW AG

SW:BKW Switzerland Utilities - Renewable

Market Cap

$10.42 Billion

CHF8.24 Billion CHF

Market Cap Rank

#2519 Global

#40 in Switzerland

Share Price

CHF156.20

Change (1 day)

-0.38%

52-Week Range

CHF144.20 - CHF184.20

All Time High

CHF184.20