Azrieli Group Ltd (AZRG) - Net Assets

Latest as of December 2025: ILA25.32 Billion ILA ≈ $67.87 Million USD

Based on the latest financial reports, Azrieli Group Ltd (AZRG) has net assets worth ILA25.32 Billion ILA (≈ $67.87 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 (ILA63.57 Billion ≈ $170.43 Million USD) and total liabilities (ILA38.26 Billion ≈ $102.56 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. Check how tangible is Azrieli Group Ltd's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ILA25.32 Billion
% of Total Assets	39.82%
Annual Growth Rate	8.61%
5-Year Change	21.88%
10-Year Change	65.3%
Growth Volatility	11.67

Azrieli Group Ltd - Net Assets Trend (2008–2025)

This chart illustrates how Azrieli Group Ltd's net assets have evolved over time, based on quarterly financial data. See AZRG defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Azrieli Group Ltd (2008–2025)

The table below shows the annual net assets of Azrieli Group Ltd from 2008 to 2025. For live valuation and market cap data, see Azrieli Group Ltd stock valuation.

Year	Net Assets	Change
2025-12-31	ILA25.32 Billion ≈ $67.87 Million	+6.21%
2024-12-31	ILA23.84 Billion ≈ $63.91 Million	+1.14%
2023-12-31	ILA23.57 Billion ≈ $63.18 Million	+6.63%
2022-12-31	ILA22.10 Billion ≈ $59.25 Million	+6.40%
2021-12-31	ILA20.77 Billion ≈ $55.69 Million	+14.55%
2020-12-31	ILA18.13 Billion ≈ $48.61 Million	-2.37%
2019-12-31	ILA18.57 Billion ≈ $49.80 Million	+8.49%
2018-12-31	ILA17.12 Billion ≈ $45.90 Million	+4.90%
2017-12-31	ILA16.32 Billion ≈ $43.76 Million	+6.56%
2016-12-31	ILA15.32 Billion ≈ $41.06 Million	+10.43%
2015-12-31	ILA13.87 Billion ≈ $37.18 Million	+3.91%
2014-12-31	ILA13.35 Billion ≈ $35.79 Million	+4.86%
2013-12-31	ILA12.73 Billion ≈ $34.13 Million	+6.46%
2012-12-31	ILA11.96 Billion ≈ $32.06 Million	+4.30%
2011-12-31	ILA11.46 Billion ≈ $30.73 Million	-0.53%
2010-12-31	ILA11.52 Billion ≈ $30.90 Million	+49.83%
2009-12-31	ILA7.69 Billion ≈ $20.62 Million	+23.76%
2008-12-31	ILA6.22 Billion ≈ $16.66 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Azrieli Group Ltd'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 285.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	ILA22.55 Billion	89.15%
Common Stock	ILA18.00 Million	0.07%
Other Comprehensive Income	ILA208.00 Million	0.82%
Other Components	ILA2.52 Billion	9.95%
Total Equity	ILA25.30 Billion	100.00%

Azrieli Group Ltd Competitors by Market Cap

The table below lists competitors of Azrieli Group Ltd ranked by their market capitalization.

Company	Market Cap
BE Semiconductor Industries NV AS:BESI	$14.19 Billion
Banco Santander Chile NYSE:BSAC	$14.24 Billion
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk F:PTI	$14.26 Billion
Scentre Group AU:SCG	$14.26 Billion
Shenzhen Sunway Communication SHE:300136	$14.18 Billion
Tryg A/S CO:TRYG	$14.17 Billion
Jazz Pharmaceuticals PLC NASDAQ:JAZZ	$14.17 Billion
Pinnacle Financial Partners, Inc. NYSE:PNFP	$14.16 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 23,807,000,000 to 25,295,000,000, a change of 1,488,000,000 (6.3%).
Net income of 1,889,000,000 contributed positively to equity growth.
Dividend payments of 800,000,000 reduced retained earnings.
Other comprehensive income increased equity by 2,000,000.
Other factors increased equity by 397,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	ILA1.89 Billion	+7.47%
Dividends Paid	ILA800.00 Million	-3.16%
Other Comprehensive Income	ILA2.00 Million	+0.01%
Other Changes	ILA397.00 Million	+1.57%
Total Change	ILA-	6.25%

Book Value vs Market Value Analysis

This analysis compares Azrieli Group Ltd'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: 203.90x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 656.92x to 203.90x 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	ILA64.70	ILA42500.00	x
2009-12-31	ILA80.43	ILA42500.00	x
2010-12-31	ILA102.72	ILA42500.00	x
2011-12-31	ILA90.98	ILA42500.00	x
2012-12-31	ILA97.92	ILA42500.00	x
2013-12-31	ILA104.19	ILA42500.00	x
2014-12-31	ILA109.27	ILA42500.00	x
2015-12-31	ILA113.56	ILA42500.00	x
2016-12-31	ILA125.94	ILA42500.00	x
2017-12-31	ILA134.25	ILA42500.00	x
2018-12-31	ILA140.81	ILA42500.00	x
2019-12-31	ILA152.83	ILA42500.00	x
2020-12-31	ILA149.26	ILA42500.00	x
2021-12-31	ILA171.04	ILA42500.00	x
2022-12-31	ILA182.01	ILA42500.00	x
2023-12-31	ILA194.13	ILA42500.00	x
2024-12-31	ILA195.48	ILA42500.00	x
2025-12-31	ILA208.44	ILA42500.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Azrieli Group Ltd 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): 7.47%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 47.30%
• Asset Turnover: 0.06x
• Equity Multiplier: 2.51x
Recent ROE (7.47%) is below the historical average (8.51%), 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	10.51%	8.93%	0.47x	2.49x	ILA29.72 Million
2009	13.08%	17.29%	0.32x	2.35x	ILA224.94 Million
2010	11.03%	19.30%	0.30x	1.92x	ILA114.09 Million
2011	5.40%	7.89%	0.33x	2.10x	ILA-507.52 Million
2012	7.90%	11.45%	0.34x	2.02x	ILA-248.96 Million
2013	7.36%	11.80%	0.31x	2.02x	ILA-333.98 Million
2014	6.41%	36.48%	0.09x	1.92x	ILA-475.68 Million
2015	5.96%	13.01%	0.24x	1.92x	ILA-556.13 Million
2016	11.85%	75.26%	0.08x	1.87x	ILA282.70 Million
2017	8.94%	43.92%	0.11x	1.85x	ILA-172.10 Million
2018	7.13%	38.65%	0.10x	1.87x	ILA-489.70 Million
2019	11.33%	93.91%	0.06x	1.90x	ILA245.60 Million
2020	1.04%	10.51%	0.05x	1.94x	ILA-1.62 Billion
2021	13.93%	130.72%	0.05x	2.04x	ILA814.80 Million
2022	8.14%	66.80%	0.06x	2.20x	ILA-410.30 Million
2023	9.45%	43.31%	0.10x	2.30x	ILA-129.30 Million
2024	6.20%	45.02%	0.06x	2.43x	ILA-903.70 Million
2025	7.47%	47.30%	0.06x	2.51x	ILA-640.50 Million

Industry Comparison

This section compares Azrieli Group Ltd's net assets metrics with peer companies in the Real Estate Services industry.

Industry Context

Industry: Real Estate Services
Average net assets among peers: $3,393,341,000
Average return on equity (ROE) among peers: -71.91%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Azrieli Group Ltd (AZRG)	ILA25.32 Billion	10.51%	1.51x	$14.18 Billion
Adgar Investments and Development Ltd (ADGR)	$199.91 Million	8.80%	4.31x	$207.82 Million
Afi Properties Ltd (AFPR)	$8.29 Billion	11.26%	1.85x	$1.93 Billion
Alony Hetz Properties and Investments Ltd (ALHE)	$8.14 Billion	6.32%	1.44x	$2.07 Billion
Amot Investments Ltd (AMOT)	$1.81 Billion	18.38%	1.98x	$2.52 Billion
Argo Properties NV (ARGO)	$419.42 Million	8.39%	1.00x	$806.97 Million
Ari Real Estate Arena Investment Ltd (ARIN)	$30.93 Million	-714.53%	40.52x	$533.45 Million
Airport City Ltd (ARPT)	$10.54 Billion	7.19%	0.91x	$1.52 Billion
Aspen Group Ltd (ASGR)	$1.01 Billion	5.28%	2.66x	$105.85 Million
ES Australia Israel Holdings Ltd (AUIS)	$102.46 Million	1.71%	0.03x	$14.36 Million

About Azrieli Group Ltd

TA:AZRG Israel Real Estate Services

Market Cap

$14.18 Billion

ILA5.29 Trillion ILA

Market Cap Rank

#1718 Global

#5 in Israel

Share Price

ILA42500.00

Change (1 day)

+1.48%

52-Week Range

ILA28090.00 - ILA51290.00

All Time High

ILA51290.00