Swatch Group AG Class N (UHRN) - Net Assets

Latest as of December 2025: CHF11.65 Billion CHF ≈ $14.73 Billion USD

Based on the latest financial reports, Swatch Group AG Class N (UHRN) has net assets worth CHF11.65 Billion CHF (≈ $14.73 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 (CHF13.38 Billion ≈ $16.91 Billion USD) and total liabilities (CHF1.72 Billion ≈ $2.18 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 how tangible is Swatch Group AG Class N's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CHF11.65 Billion
% of Total Assets	87.13%
Annual Growth Rate	5.21%
5-Year Change	0.42%
10-Year Change	5.25%
Growth Volatility	5.91

Swatch Group AG Class N - Net Assets Trend (1997–2025)

This chart illustrates how Swatch Group AG Class N's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Swatch Group AG Class N to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Swatch Group AG Class N (1997–2025)

The table below shows the annual net assets of Swatch Group AG Class N from 1997 to 2025. For live valuation and market cap data, see market cap of Swatch Group AG Class N.

Year	Net Assets	Change
2025-12-31	CHF11.65 Billion ≈ $14.73 Billion	-4.61%
2024-12-31	CHF12.22 Billion ≈ $15.45 Billion	-0.33%
2023-12-31	CHF12.26 Billion ≈ $15.50 Billion	+1.72%
2022-12-31	CHF12.05 Billion ≈ $15.24 Billion	+3.84%
2021-12-31	CHF11.61 Billion ≈ $14.67 Billion	+5.84%
2020-12-31	CHF10.96 Billion ≈ $13.86 Billion	-4.59%
2019-12-31	CHF11.49 Billion ≈ $14.53 Billion	+1.94%
2018-12-31	CHF11.27 Billion ≈ $14.25 Billion	-0.13%
2017-12-31	CHF11.29 Billion ≈ $14.27 Billion	+1.95%
2016-12-31	CHF11.07 Billion ≈ $14.00 Billion	-1.50%
2015-12-31	CHF11.24 Billion ≈ $14.21 Billion	+5.32%
2014-12-31	CHF10.67 Billion ≈ $13.49 Billion	+11.49%
2013-12-31	CHF9.57 Billion ≈ $12.10 Billion	+2.46%
2012-12-31	CHF9.34 Billion ≈ $11.81 Billion	+15.77%
2011-12-31	CHF8.07 Billion ≈ $10.20 Billion	+13.66%
2010-12-31	CHF7.10 Billion ≈ $8.98 Billion	+18.73%
2009-12-31	CHF5.98 Billion ≈ $7.56 Billion	+9.72%
2008-12-31	CHF5.45 Billion ≈ $6.89 Billion	+2.29%
2007-12-31	CHF5.33 Billion ≈ $6.74 Billion	+7.29%
2006-12-31	CHF4.97 Billion ≈ $6.28 Billion	+7.91%
2005-12-31	CHF4.60 Billion ≈ $5.82 Billion	+7.65%
2004-12-31	CHF4.28 Billion ≈ $5.41 Billion	+6.47%
2003-12-31	CHF4.02 Billion ≈ $5.08 Billion	+12.94%
2002-12-31	CHF3.56 Billion ≈ $4.50 Billion	+8.41%
2001-12-31	CHF3.28 Billion ≈ $4.15 Billion	+3.34%
2000-12-31	CHF3.17 Billion ≈ $4.01 Billion	+10.52%
1999-12-31	CHF2.87 Billion ≈ $3.63 Billion	-3.82%
1998-12-31	CHF2.99 Billion ≈ $3.78 Billion	+6.15%
1997-12-31	CHF2.81 Billion ≈ $3.56 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Swatch Group AG Class N'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 847.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CHF15.04 Billion	130.12%
Common Stock	CHF118.00 Million	1.02%
Other Comprehensive Income	CHF-3.52 Billion	-30.44%
Total Equity	CHF11.56 Billion	100.00%

Swatch Group AG Class N Competitors by Market Cap

The table below lists competitors of Swatch Group AG Class N ranked by their market capitalization.

Company	Market Cap
Legend Biotech Corp NASDAQ:LEGN	$6.06 Billion
Raia Drogasil S.A SA:RADL3	$6.06 Billion
Elis SA PA:ELIS	$6.07 Billion
Eregli Demir ve Celik Fabrikalari TAS IS:EREGL	$6.07 Billion
JB Hi-Fi Ltd AU:JBH	$6.05 Billion
Caihong Display Devices Co Ltd SHG:600707	$6.04 Billion
BOC Aviation Limited F:8BO	$6.04 Billion
Flagstar Financial, Inc. NYSE:FLG	$6.04 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 12,112,000,000 to 11,561,000,000, a change of -551,000,000 (-4.5%).
Net income of 3,000,000 contributed positively to equity growth.
Dividend payments of 234,000,000 reduced retained earnings.
Share repurchases of 30,000,000 reduced equity.
New share issuances of 30,000,000 increased equity.
Other comprehensive income decreased equity by 371,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CHF3.00 Million	+0.03%
Dividends Paid	CHF234.00 Million	-2.02%
Share Repurchases	CHF30.00 Million	-0.26%
Share Issuances	CHF30.00 Million	+0.26%
Other Comprehensive Income	CHF-371.00 Million	-3.21%
Other Changes	CHF51.00 Million	+0.44%
Total Change	CHF-	-4.55%

Book Value vs Market Value Analysis

This analysis compares Swatch Group AG Class N'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: 0.19x
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 4.51x to 0.19x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1997-12-31	CHF9.21	CHF41.55	x
1998-12-31	CHF9.05	CHF41.55	x
1999-12-31	CHF9.12	CHF41.55	x
2000-12-31	CHF10.40	CHF41.55	x
2001-12-31	CHF10.94	CHF41.55	x
2002-12-31	CHF11.91	CHF41.55	x
2003-12-31	CHF13.47	CHF41.55	x
2004-12-31	CHF14.33	CHF41.55	x
2005-12-31	CHF15.40	CHF41.55	x
2006-12-31	CHF16.67	CHF41.55	x
2007-12-31	CHF17.85	CHF41.55	x
2008-12-31	CHF18.28	CHF41.55	x
2009-12-31	CHF20.06	CHF41.55	x
2010-12-31	CHF23.83	CHF41.55	x
2011-12-31	CHF27.08	CHF41.55	x
2012-12-31	CHF31.35	CHF41.55	x
2013-12-31	CHF31.97	CHF41.55	x
2014-12-31	CHF35.58	CHF41.55	x
2015-12-31	CHF40.45	CHF41.55	x
2016-12-31	CHF41.28	CHF41.55	x
2017-12-31	CHF42.50	CHF41.55	x
2018-12-31	CHF43.27	CHF41.55	x
2019-12-31	CHF44.19	CHF41.55	x
2020-12-31	CHF42.10	CHF41.55	x
2021-12-31	CHF44.55	CHF41.55	x
2022-12-31	CHF46.24	CHF41.55	x
2023-12-31	CHF47.03	CHF41.55	x
2024-12-31	CHF46.80	CHF41.55	x
2025-12-31	CHF222.74	CHF41.55	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Swatch Group AG Class N 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): 0.03%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.05%
• Asset Turnover: 0.47x
• Equity Multiplier: 1.16x
Recent ROE (0.03%) is below the historical average (11.35%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1997	11.77%	11.08%	0.82x	1.30x	CHF49.50 Million
1998	12.00%	11.21%	0.76x	1.40x	CHF59.60 Million
1999	15.50%	12.54%	0.79x	1.57x	CHF156.40 Million
2000	20.63%	15.76%	0.92x	1.42x	CHF335.40 Million
2001	15.46%	12.45%	0.87x	1.43x	CHF177.90 Million
2002	13.95%	12.56%	0.82x	1.35x	CHF139.90 Million
2003	12.28%	12.80%	0.68x	1.40x	CHF91.40 Million
2004	12.02%	12.86%	0.66x	1.41x	CHF85.90 Million
2005	13.41%	14.31%	0.65x	1.44x	CHF156.00 Million
2006	16.68%	17.16%	0.70x	1.39x	CHF331.20 Million
2007	19.04%	17.91%	0.76x	1.40x	CHF480.00 Million
2008	15.34%	14.69%	0.78x	1.33x	CHF290.40 Million
2009	12.72%	14.76%	0.67x	1.29x	CHF162.50 Million
2010	15.15%	17.58%	0.71x	1.22x	CHF365.30 Million
2011	15.76%	18.76%	0.69x	1.22x	CHF463.60 Million
2012	17.16%	20.52%	0.69x	1.20x	CHF667.50 Million
2013	20.20%	22.72%	0.73x	1.22x	CHF970.20 Million
2014	13.08%	15.89%	0.68x	1.20x	CHF325.70 Million
2015	9.78%	12.89%	0.64x	1.19x	CHF-25.00 Million
2016	5.22%	7.60%	0.58x	1.19x	CHF-524.70 Million
2017	6.54%	9.18%	0.59x	1.20x	CHF-387.10 Million
2018	7.55%	9.97%	0.62x	1.22x	CHF-273.50 Million
2019	6.40%	8.86%	0.60x	1.20x	CHF-410.50 Million
2020	-0.47%	-0.91%	0.43x	1.18x	CHF-1.14 Billion
2021	6.63%	10.46%	0.53x	1.19x	CHF-389.00 Million
2022	6.73%	10.76%	0.54x	1.16x	CHF-391.50 Million
2023	7.12%	11.02%	0.55x	1.17x	CHF-350.70 Million
2024	1.59%	2.87%	0.48x	1.16x	CHF-1.02 Billion
2025	0.03%	0.05%	0.47x	1.16x	CHF-1.15 Billion

Industry Comparison

This section compares Swatch Group AG Class N's net assets metrics with peer companies in the Luxury Goods industry.

Industry Context

Industry: Luxury Goods
Average net assets among peers: $15,336,500,000
Average return on equity (ROE) among peers: 0.84%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Swatch Group AG Class N (UHRN)	CHF11.65 Billion	11.77%	0.15x	$6.06 Billion
Compagnie Financière Richemont SA (CFR)	$19.02 Billion	1.65%	1.15x	$90.72 Billion
The Swatch Group AG (UHR)	$11.65 Billion	0.03%	0.15x	$7.64 Billion

About Swatch Group AG Class N

SW:UHRN Switzerland Luxury Goods

Market Cap

$6.06 Billion

CHF4.79 Billion CHF

Market Cap Rank

#3219 Global

#48 in Switzerland

Share Price

CHF41.55

Change (1 day)

-0.84%

52-Week Range

CHF26.54 - CHF43.00

All Time High

CHF77.29