Thurgauer Kantonalbank (TKBP) - Net Assets

Latest as of June 2025: CHF1.69 Billion CHF ≈ $2.13 Billion USD

Based on the latest financial reports, Thurgauer Kantonalbank (TKBP) has net assets worth CHF1.69 Billion CHF (≈ $2.13 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF35.34 Billion ≈ $44.68 Billion USD) and total liabilities (CHF33.65 Billion ≈ $42.55 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 Thurgauer Kantonalbank liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CHF1.69 Billion
% of Total Assets	4.77%
Annual Growth Rate	10.51%
5-Year Change	19.14%
10-Year Change	46.56%
Growth Volatility	28.51

Thurgauer Kantonalbank - Net Assets Trend (2012–2024)

This chart illustrates how Thurgauer Kantonalbank's net assets have evolved over time, based on quarterly financial data. Also explore Thurgauer Kantonalbank balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Thurgauer Kantonalbank (2012–2024)

The table below shows the annual net assets of Thurgauer Kantonalbank from 2012 to 2024. For live valuation and market cap data, see TKBP stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CHF2.83 Billion ≈ $3.58 Billion	+4.73%
2023-12-31	CHF2.70 Billion ≈ $3.42 Billion	+5.50%
2022-12-31	CHF2.56 Billion ≈ $3.24 Billion	+4.24%
2021-12-31	CHF2.46 Billion ≈ $3.11 Billion	+3.44%
2020-12-31	CHF2.38 Billion ≈ $3.00 Billion	+4.46%
2019-12-31	CHF2.27 Billion ≈ $2.88 Billion	+3.86%
2018-12-31	CHF2.19 Billion ≈ $2.77 Billion	+4.27%
2017-12-31	CHF2.10 Billion ≈ $2.66 Billion	+3.96%
2016-12-31	CHF2.02 Billion ≈ $2.55 Billion	+4.60%
2015-12-31	CHF1.93 Billion ≈ $2.44 Billion	+4.52%
2014-12-31	CHF1.85 Billion ≈ $2.34 Billion	+4.38%
2013-12-31	CHF1.77 Billion ≈ $2.24 Billion	+107.51%
2012-12-31	CHF853.01 Million ≈ $1.08 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Thurgauer Kantonalbank'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 2659.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CHF2.43 Billion	85.87%
Common Stock	CHF320.00 Million	11.31%
Other Comprehensive Income	CHF80.00 Million	2.83%
Total Equity	CHF2.83 Billion	100.00%

Thurgauer Kantonalbank Competitors by Market Cap

The table below lists competitors of Thurgauer Kantonalbank ranked by their market capitalization.

Company	Market Cap
Chong Hong Construction Co Ltd TW:5534	$728.03 Million
Thermador Groupe SA PA:THEP	$728.15 Million
Jianmin Pharmaceutical Group Co Ltd SHG:600976	$728.18 Million
Shandong Jinling Mining Co Ltd SHE:000655	$728.30 Million
Stratasys Ltd NASDAQ:SSYS	$727.91 Million
AEON Thana Sinsap (Thailand) Public Company Limited BK:AEONTS	$727.74 Million
Changshu Automotive Trim Co SHG:603035	$727.46 Million
InnovAge Holding Corp NASDAQ:INNV	$727.25 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,702,614,000 to 2,830,389,000, a change of 127,775,000 (4.7%).
Net income of 158,020,000 contributed positively to equity growth.
Dividend payments of 77,246,000 reduced retained earnings.
Other comprehensive income decreased equity by 2,061,026,000.
Other factors increased equity by 2,108,027,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CHF158.02 Million	+5.58%
Dividends Paid	CHF77.25 Million	-2.73%
Other Comprehensive Income	CHF-2.06 Billion	-72.82%
Other Changes	CHF2.11 Billion	+74.48%
Total Change	CHF-	4.73%

Book Value vs Market Value Analysis

This analysis compares Thurgauer Kantonalbank'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: 0.27x
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 0.88x to 0.27x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	CHF213.25	CHF188.50	x
2013-12-31	CHF442.53	CHF188.50	x
2014-12-31	CHF461.92	CHF188.50	x
2015-12-31	CHF482.81	CHF188.50	x
2016-12-31	CHF505.02	CHF188.50	x
2017-12-31	CHF525.04	CHF188.50	x
2018-12-31	CHF547.46	CHF188.50	x
2019-12-31	CHF568.58	CHF188.50	x
2020-12-31	CHF593.91	CHF188.50	x
2021-12-31	CHF614.33	CHF188.50	x
2022-12-31	CHF640.40	CHF188.50	x
2023-12-31	CHF675.65	CHF188.50	x
2024-12-31	CHF707.60	CHF188.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thurgauer Kantonalbank 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): 5.58%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 38.58%
• Asset Turnover: 0.01x
• Equity Multiplier: 12.52x
Recent ROE (5.58%) is below the historical average (6.29%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	10.31%	30.90%	0.02x	20.78x	CHF2.63 Million
2013	5.64%	34.57%	0.02x	10.55x	CHF-77.18 Million
2014	6.07%	35.74%	0.02x	10.63x	CHF-72.63 Million
2015	6.34%	37.89%	0.02x	10.81x	CHF-70.74 Million
2016	6.23%	37.73%	0.02x	10.71x	CHF-76.10 Million
2017	6.16%	38.61%	0.01x	10.64x	CHF-80.62 Million
2018	6.13%	39.10%	0.01x	10.61x	CHF-84.81 Million
2019	5.94%	34.48%	0.02x	11.26x	CHF-92.34 Million
2020	5.85%	36.09%	0.01x	12.08x	CHF-98.48 Million
2021	5.92%	37.05%	0.01x	12.26x	CHF-100.18 Million
2022	5.77%	34.13%	0.01x	12.99x	CHF-108.31 Million
2023	5.88%	37.23%	0.01x	12.14x	CHF-111.31 Million
2024	5.58%	38.58%	0.01x	12.52x	CHF-125.02 Million

Industry Comparison

This section compares Thurgauer Kantonalbank's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $1,517,909,500
Average return on equity (ROE) among peers: 9.48%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Thurgauer Kantonalbank (TKBP)	CHF1.69 Billion	10.31%	19.94x	$728.00 Million
Banque Cantonale de Geneve (BCGE)	$755.71 Million	6.06%	15.92x	$2.19 Billion
Banque Cantonale Du Jura SA (BCJ)	$304.45 Million	4.35%	13.08x	$233.49 Million
Banque Cantonale Vaudoise (BCVN)	$3.40 Billion	9.90%	11.78x	$10.36 Billion
Berner Kantonalbank AG (BEKN)	$2.63 Billion	5.43%	11.51x	$3.30 Billion
Basellandschaftliche Kantonalbank (BLKB)	$2.42 Billion	5.56%	9.49x	$613.95 Million
Basler Kantonalbank (BSKP)	$1.73 Billion	14.15%	13.12x	$545.67 Million
Cembra Money Bank AG (CMBN)	$848.20 Million	16.94%	4.73x	$2.67 Billion
Glarner Kantonalbank (GLKBN)	$325.43 Million	6.74%	17.38x	$305.10 Million
Graubuendner Kantonalbank (GRKP)	$705.04 Million	20.08%	21.87x	$1.59 Billion
Liechtensteinische Landesbank AG (LLBN)	$2.06 Billion	5.60%	10.00x	$2.87 Billion

About Thurgauer Kantonalbank

SW:TKBP Switzerland Banks - Regional

Market Cap

$953.26 Million

CHF754.00 Million CHF

Market Cap Rank

#10748 Global

#129 in Switzerland

Share Price

CHF188.50

Change (1 day)

+0.80%

52-Week Range

CHF148.50 - CHF192.00

All Time High

CHF192.00