Swisscom AG (SCMN) - Net Assets

Latest as of December 2025: CHF12.24 Billion CHF

Based on the latest financial reports, Swisscom AG (SCMN) has net assets worth CHF12.24 Billion CHF as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF36.02 Billion) and total liabilities (CHF23.79 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	CHF12.24 Billion
% of Total Assets	33.97%
Annual Growth Rate	3.08%
5-Year Change	13.18%
10-Year Change	87.64%
Growth Volatility	20.72

Swisscom AG - Net Assets Trend (1998–2025)

This chart illustrates how Swisscom AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Swisscom AG (1998–2025)

The table below shows the annual net assets of Swisscom AG from 1998 to 2025.

Year	Net Assets	Change
2025-12-31	CHF12.24 Billion	+0.68%
2024-12-31	CHF12.15 Billion	+4.59%
2023-12-31	CHF11.62 Billion	+4.04%
2022-12-31	CHF11.17 Billion	+3.31%
2021-12-31	CHF10.81 Billion	+13.93%
2020-12-31	CHF9.49 Billion	+6.94%
2019-12-31	CHF8.88 Billion	+8.13%
2018-12-31	CHF8.21 Billion	+7.36%
2017-12-31	CHF7.64 Billion	+17.22%
2016-12-31	CHF6.52 Billion	+24.42%
2015-12-31	CHF5.24 Billion	-3.94%
2014-12-31	CHF5.46 Billion	-9.08%
2013-12-31	CHF6.00 Billion	+44.42%
2012-12-31	CHF4.16 Billion	-3.26%
2011-12-31	CHF4.30 Billion	-31.64%
2010-12-31	CHF6.28 Billion	-6.60%
2009-12-31	CHF6.73 Billion	+16.74%
2008-12-31	CHF5.76 Billion	-4.01%
2007-12-31	CHF6.00 Billion	+33.21%
2006-12-31	CHF4.51 Billion	-32.11%
2005-12-31	CHF6.64 Billion	-9.48%
2004-12-31	CHF7.33 Billion	-12.84%
2003-12-31	CHF8.42 Billion	+3.87%
2002-12-31	CHF8.10 Billion	-37.17%
2001-12-31	CHF12.89 Billion	+48.71%
2000-12-31	CHF8.67 Billion	+29.27%
1999-12-31	CHF6.71 Billion	+24.26%
1998-12-31	CHF5.40 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Swisscom 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 1052.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CHF14.22 Billion	116.15%
Common Stock	CHF52.00 Million	0.42%
Other Comprehensive Income	CHF-2.03 Billion	-16.58%
Total Equity	CHF12.24 Billion	100.00%

Swisscom AG Competitors by Market Cap

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

Company	Market Cap
Dollarama Inc TO:DOL	$34.93 Billion
Powszechna Kasa Oszczednosci Bank Polski SA WAR:PKO	$35.09 Billion
Baidu Inc NASDAQ:BIDU	$35.09 Billion
Shaanxi Coal Industry Co Ltd SHG:601225	$35.18 Billion
Hanwha Aerospace Co Ltd KO:012450	$34.87 Billion
Arch Capital Group Ltd NASDAQ:ACGL	$34.77 Billion
Roper Technologies, Inc. NASDAQ:ROP	$34.60 Billion
Agilent Technologies Inc NYSE:A	$34.50 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 12,155,000,000 to 12,239,000,000, a change of 84,000,000 (0.7%).
Net income of 1,271,000,000 contributed positively to equity growth.
Dividend payments of 1,140,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 61,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CHF1.27 Billion	+10.38%
Dividends Paid	CHF1.14 Billion	-9.31%
Other Comprehensive Income	CHF-61.00 Million	-0.5%
Other Changes	CHF14.00 Million	+0.11%
Total Change	CHF-	0.69%

Book Value vs Market Value Analysis

This analysis compares Swisscom 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: 2.75x
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 8.23x to 2.75x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1998-12-31	CHF79.01	CHF650.50	x
1999-12-31	CHF90.37	CHF650.50	x
2000-12-31	CHF117.06	CHF650.50	x
2001-12-31	CHF164.21	CHF650.50	x
2002-12-31	CHF107.70	CHF650.50	x
2003-12-31	CHF115.70	CHF650.50	x
2004-12-31	CHF103.10	CHF650.50	x
2005-12-31	CHF100.52	CHF650.50	x
2006-12-31	CHF80.30	CHF650.50	x
2007-12-31	CHF107.60	CHF650.50	x
2008-12-31	CHF104.05	CHF650.50	x
2009-12-31	CHF123.73	CHF650.50	x
2010-12-31	CHF120.78	CHF650.50	x
2011-12-31	CHF82.47	CHF650.50	x
2012-12-31	CHF79.77	CHF650.50	x
2013-12-31	CHF115.31	CHF650.50	x
2014-12-31	CHF105.29	CHF650.50	x
2015-12-31	CHF101.10	CHF650.50	x
2016-12-31	CHF125.75	CHF650.50	x
2017-12-31	CHF147.80	CHF650.50	x
2018-12-31	CHF158.74	CHF650.50	x
2019-12-31	CHF171.27	CHF650.50	x
2020-12-31	CHF183.20	CHF650.50	x
2021-12-31	CHF208.70	CHF650.50	x
2022-12-31	CHF215.59	CHF650.50	x
2023-12-31	CHF224.30	CHF650.50	x
2024-12-31	CHF234.65	CHF650.50	x
2025-12-31	CHF236.27	CHF650.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Swisscom 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): 10.38%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.45%
• Asset Turnover: 0.42x
• Equity Multiplier: 2.94x
Recent ROE (10.38%) is below the historical average (25.30%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1998	29.08%	14.71%	0.62x	3.17x	CHF1.02 Billion
1999	35.76%	21.27%	0.54x	3.13x	CHF1.72 Billion
2000	36.80%	22.43%	0.64x	2.57x	CHF2.31 Billion
2001	41.14%	34.50%	0.59x	2.02x	CHF3.77 Billion
2002	11.30%	5.57%	0.87x	2.32x	CHF94.69 Million
2003	20.45%	10.76%	0.88x	2.16x	CHF801.12 Million
2004	23.86%	15.55%	0.71x	2.16x	CHF924.79 Million
2005	33.70%	20.24%	0.75x	2.23x	CHF1.43 Billion
2006	36.04%	16.07%	0.64x	3.52x	CHF1.16 Billion
2007	37.10%	18.65%	0.47x	4.25x	CHF1.51 Billion
2008	32.58%	14.40%	0.54x	4.22x	CHF1.22 Billion
2009	30.08%	16.07%	0.55x	3.43x	CHF1.29 Billion
2010	28.95%	15.11%	0.57x	3.37x	CHF1.19 Billion
2011	15.99%	5.96%	0.59x	4.55x	CHF255.80 Million
2012	42.47%	15.42%	0.57x	4.86x	CHF1.34 Billion
2013	28.21%	14.74%	0.56x	3.43x	CHF1.09 Billion
2014	31.06%	14.47%	0.56x	3.84x	CHF1.15 Billion
2015	25.99%	11.65%	0.55x	4.04x	CHF837.30 Million
2016	24.62%	13.78%	0.54x	3.29x	CHF952.60 Million
2017	20.51%	13.46%	0.53x	2.88x	CHF804.40 Million
2018	18.57%	13.04%	0.52x	2.75x	CHF704.70 Million
2019	18.85%	14.60%	0.47x	2.73x	CHF784.80 Million
2020	16.12%	13.78%	0.46x	2.56x	CHF581.00 Million
2021	16.95%	16.38%	0.45x	2.29x	CHF750.90 Million
2022	14.34%	14.50%	0.45x	2.20x	CHF485.20 Million
2023	14.73%	15.45%	0.45x	2.13x	CHF549.10 Million
2024	12.69%	13.97%	0.30x	3.06x	CHF326.50 Million
2025	10.38%	8.45%	0.42x	2.94x	CHF47.10 Million

Industry Comparison

This section compares Swisscom AG's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

Industry: Telecom Services
Average net assets among peers: $4,075,700,000
Average return on equity (ROE) among peers: -2.75%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Swisscom AG (SCMN)	CHF12.24 Billion	29.08%	1.94x	$34.91 Billion
SUNRISE N (SUNN)	$4.08 Billion	-2.75%	1.88x	$3.50 Billion

About Swisscom AG

SW:SCMN Switzerland Telecom Services

Market Cap

$42.60 Billion

CHF33.70 Billion CHF

Market Cap Rank

#683 Global

#7 in Switzerland

Share Price

CHF650.50

Change (1 day)

-1.21%

52-Week Range

CHF532.00 - CHF726.50

All Time High

CHF726.50