GAM Holding AG (GAM) - Net Assets
Based on the latest financial reports, GAM Holding AG (GAM) has net assets worth CHF29.60 Million CHF (≈ $37.42 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF122.80 Million ≈ $155.25 Million USD) and total liabilities (CHF93.20 Million ≈ $117.83 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. Also explore GAM Holding AG asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CHF29.60 Million |
| % of Total Assets | 24.1% |
| Annual Growth Rate | -27.23% |
| 5-Year Change | -93.81% |
| 10-Year Change | -98.39% |
| Growth Volatility | 36.93 |
GAM Holding AG - Net Assets Trend (2008–2025)
This chart illustrates how GAM Holding AG's net assets have evolved over time, based on quarterly financial data. Check GAM tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for GAM Holding AG (2008–2025)
The table below shows the annual net assets of GAM Holding AG from 2008 to 2025. For live valuation and market cap data, see GAM market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CHF29.60 Million ≈ $37.42 Million |
-73.09% |
| 2024-12-31 | CHF110.00 Million ≈ $139.07 Million |
+78.57% |
| 2023-12-31 | CHF61.60 Million ≈ $77.88 Million |
-59.10% |
| 2022-12-31 | CHF150.60 Million ≈ $190.40 Million |
-68.53% |
| 2021-12-31 | CHF478.50 Million ≈ $604.95 Million |
+0.97% |
| 2020-12-31 | CHF473.90 Million ≈ $599.14 Million |
-45.84% |
| 2019-12-31 | CHF875.00 Million ≈ $1.11 Billion |
+4.27% |
| 2018-12-31 | CHF839.20 Million ≈ $1.06 Billion |
-55.42% |
| 2017-12-31 | CHF1.88 Billion ≈ $2.38 Billion |
+2.09% |
| 2016-12-31 | CHF1.84 Billion ≈ $2.33 Billion |
-1.73% |
| 2015-12-31 | CHF1.88 Billion ≈ $2.37 Billion |
-2.06% |
| 2014-12-31 | CHF1.92 Billion ≈ $2.42 Billion |
-0.20% |
| 2013-12-31 | CHF1.92 Billion ≈ $2.43 Billion |
-1.72% |
| 2012-12-31 | CHF1.95 Billion ≈ $2.47 Billion |
-6.96% |
| 2011-12-31 | CHF2.10 Billion ≈ $2.65 Billion |
-14.37% |
| 2010-12-31 | CHF2.45 Billion ≈ $3.10 Billion |
-6.40% |
| 2009-12-31 | CHF2.62 Billion ≈ $3.31 Billion |
-60.15% |
| 2008-12-31 | CHF6.57 Billion ≈ $8.31 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to GAM Holding 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 decreased by 162.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CHF53.90 Million | 182.09% |
| Other Comprehensive Income | CHF805.30 Million | 2720.61% |
| Total Equity | CHF29.60 Million | 100.00% |
GAM Holding AG Competitors by Market Cap
The table below lists competitors of GAM Holding AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DrayTek Corp
TW:6216
|
$66.46 Million |
|
NFON AG
XETRA:NFN
|
$66.46 Million |
|
Quality Houses Hotel and Residence Freehold and Leasehold Property Fund
BK:QHHR
|
$66.50 Million |
|
Pinar Su Sanayi ve Ticaret AS
IS:PINSU
|
$66.54 Million |
|
Powertech Industrial Co Ltd
TW:3296
|
$66.43 Million |
|
MGI Digital
PA:ALMDG
|
$66.42 Million |
|
Principal Real Estate Income Closed Fund
NYSE:PGZ
|
$66.41 Million |
|
MedFirst Healthcare Services lnc
TWO:4175
|
$66.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GAM Holding AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 110,000,000 to 29,600,000, a change of -80,400,000 (-73.1%).
- Net loss of 74,200,000 reduced equity.
- Other comprehensive income increased equity by 946,799,999.
- Other factors decreased equity by 952,999,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF-74.20 Million | -250.68% |
| Other Comprehensive Income | CHF946.80 Million | +3198.65% |
| Other Changes | CHF-953.00 Million | -3219.59% |
| Total Change | CHF- | -73.09% |
Book Value vs Market Value Analysis
This analysis compares GAM Holding 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: 2.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.00x to 2.38x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CHF14.95 | CHF0.07 | x |
| 2005-12-31 | CHF54.78 | CHF0.07 | x |
| 2006-12-31 | CHF40.92 | CHF0.07 | x |
| 2007-12-31 | CHF28.94 | CHF0.07 | x |
| 2008-12-31 | CHF31.70 | CHF0.07 | x |
| 2009-12-31 | CHF12.68 | CHF0.07 | x |
| 2010-12-31 | CHF12.41 | CHF0.07 | x |
| 2011-12-31 | CHF11.47 | CHF0.07 | x |
| 2012-12-31 | CHF11.40 | CHF0.07 | x |
| 2013-12-31 | CHF11.53 | CHF0.07 | x |
| 2014-12-31 | CHF11.70 | CHF0.07 | x |
| 2015-12-31 | CHF11.67 | CHF0.07 | x |
| 2016-12-31 | CHF11.69 | CHF0.07 | x |
| 2017-12-31 | CHF11.86 | CHF0.07 | x |
| 2018-12-31 | CHF5.40 | CHF0.07 | x |
| 2019-12-31 | CHF5.63 | CHF0.07 | x |
| 2020-12-31 | CHF3.03 | CHF0.07 | x |
| 2021-12-31 | CHF3.07 | CHF0.07 | x |
| 2022-12-31 | CHF0.96 | CHF0.07 | x |
| 2023-12-31 | CHF0.39 | CHF0.07 | x |
| 2024-12-31 | CHF0.70 | CHF0.07 | x |
| 2025-12-31 | CHF0.03 | CHF0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GAM Holding 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): -250.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -103.63%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 4.15x
- Recent ROE (-250.68%) is below the historical average (-27.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 13.81% | 20.63% | 0.66x | 1.01x | CHF58.01 Million |
| 2005 | 2.35% | 10.00% | 0.24x | 1.00x | CHF-474.57 Million |
| 2006 | 9.80% | 23.70% | 0.41x | 1.00x | CHF-13.97 Million |
| 2007 | 14.62% | 27.27% | 0.54x | 1.00x | CHF296.93 Million |
| 2008 | 10.07% | 22.51% | 0.06x | 7.04x | CHF4.37 Million |
| 2009 | 138.86% | 706.49% | 0.16x | 1.21x | CHF3.38 Billion |
| 2010 | 0.42% | 1.49% | 0.24x | 1.18x | CHF-234.97 Million |
| 2011 | -4.52% | -15.87% | 0.25x | 1.16x | CHF-304.95 Million |
| 2012 | 4.44% | 8.29% | 0.46x | 1.18x | CHF-108.43 Million |
| 2013 | 10.28% | 17.14% | 0.49x | 1.22x | CHF5.33 Million |
| 2014 | 8.67% | 15.34% | 0.46x | 1.24x | CHF-25.42 Million |
| 2015 | 7.37% | 12.81% | 0.47x | 1.22x | CHF-49.34 Million |
| 2016 | 7.28% | 14.79% | 0.38x | 1.29x | CHF-50.10 Million |
| 2017 | 6.54% | 11.29% | 0.45x | 1.30x | CHF-65.06 Million |
| 2018 | -110.71% | -87.38% | 0.85x | 1.50x | CHF-1.01 Billion |
| 2019 | -0.40% | -0.41% | 0.64x | 1.53x | CHF-91.00 Million |
| 2020 | -81.96% | -56.52% | 0.84x | 1.73x | CHF-435.79 Million |
| 2021 | -4.87% | -3.42% | 0.90x | 1.58x | CHF-71.15 Million |
| 2022 | -192.56% | -62.58% | 1.31x | 2.34x | CHF-305.06 Million |
| 2023 | -133.28% | -23.91% | 1.29x | 4.32x | CHF-88.26 Million |
| 2024 | -64.45% | -49.48% | 0.83x | 1.57x | CHF-81.90 Million |
| 2025 | -250.68% | -103.63% | 0.58x | 4.15x | CHF-77.16 Million |
Industry Comparison
This section compares GAM Holding AG's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,171,862,084
- Average return on equity (ROE) among peers: 22.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GAM Holding AG (GAM) | CHF29.60 Million | 13.81% | 3.15x | $66.44 Million |
| Alpine Select AG (ALPN) | $92.13 Million | 15.07% | 0.02x | $76.21 Million |
| Julius Baer Gruppe AG (BAER) | $6.19 Billion | 7.51% | 15.49x | $12.36 Billion |
| Bellevue Group AG (BBN) | $122.47 Million | 12.43% | 0.27x | $122.49 Million |
| HBM Healthcare Investments (HBMN) | $920.34 Million | 38.41% | 0.01x | $1.53 Billion |
| Leonteq AG (LEON) | $18.20 Million | 67.60% | 90.15x | $273.70 Million |
| Nebag ag (NBEN) | $63.93 Million | 7.07% | 0.00x | $55.22 Million |
| Private Equity Holding AG (PEHN) | $203.41 Million | 1.18% | 0.19x | $152.33 Million |
| Partners Group Holding AG (PGHN) | $458.09 Million | 44.72% | 0.40x | $22.04 Billion |
| Vontobel Holding (VONN) | $2.48 Billion | 11.30% | 13.01x | $3.98 Billion |
About GAM Holding AG
GAM Holding AG is a publicly owned asset management holding company. The firm provides its services to institutions, financial intermediaries and private investors. Through its subsidiaries, the firm manages separate client focused equity and fixed income portfolios. Through its subsidiaries, it also launches and manages equity, fixed income, and balanced mutual funds. Through its subsidiaries, t… Read more