Pinetree Capital Ltd Net Assets

Latest as of June 2026: CA$82.56 Million CAD ≈ $59.72 Million USD

Pinetree Capital Ltd net assets. Based on the latest financial reports, Pinetree Capital Ltd (PNP) has net assets worth CA$82.56 Million CAD (≈ $59.72 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$96.75 Million ≈ $69.99 Million USD) and total liabilities (CA$14.19 Million ≈ $10.26 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 Pinetree Capital Ltd (PNP) net asset momentum to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$82.56 Million
% of Total Assets	85.34%
Annual Growth Rate	8.33%
5-Year Change	127.86%
10-Year Change	722.48%
Growth Volatility	104.25

Net Assets of Pinetree Capital Ltd (1996–2025)

Net assets of Pinetree Capital Ltd from 1996 to 2025. This chart illustrates how Pinetree Capital Ltd's net assets have evolved over time, based on quarterly financial data. See PNP net asset quality score to measure how much of total assets are equity-financed.

Annual Net Assets for Pinetree Capital Ltd (1996–2025)

The table below shows the annual net assets of Pinetree Capital Ltd from 1996 to 2025. For live market cap and overall valuation, see market cap of Pinetree Capital Ltd.

Year	Net Assets	Change
2025-12-31	CA$87.59 Million ≈ $63.36 Million	+12.72%
2024-12-31	CA$77.70 Million ≈ $56.21 Million	+71.25%
2023-12-31	CA$45.37 Million ≈ $32.82 Million	+14.52%
2022-12-31	CA$39.62 Million ≈ $28.66 Million	+3.07%
2021-12-31	CA$38.44 Million ≈ $27.81 Million	+101.24%
2020-12-31	CA$19.10 Million ≈ $13.82 Million	+6.72%
2019-12-31	CA$17.90 Million ≈ $12.95 Million	+12.00%
2018-12-31	CA$15.98 Million ≈ $11.56 Million	-12.70%
2017-12-31	CA$18.30 Million ≈ $13.24 Million	+71.89%
2016-12-31	CA$10.65 Million ≈ $7.70 Million	-45.40%
2015-12-31	CA$19.50 Million ≈ $14.11 Million	-61.88%
2014-12-31	CA$51.16 Million ≈ $37.01 Million	-48.33%
2013-12-31	CA$99.01 Million ≈ $71.63 Million	-53.33%
2012-12-31	CA$212.15 Million ≈ $153.47 Million	-40.35%
2011-12-31	CA$355.63 Million ≈ $257.26 Million	-45.01%
2010-12-31	CA$646.73 Million ≈ $467.83 Million	+88.72%
2009-12-31	CA$342.69 Million ≈ $247.90 Million	+96.71%
2008-12-31	CA$174.21 Million ≈ $126.02 Million	-63.47%
2007-12-31	CA$476.93 Million ≈ $345.00 Million	+29.66%
2006-12-31	CA$367.83 Million ≈ $266.08 Million	+232.02%
2005-12-31	CA$110.79 Million ≈ $80.14 Million	+96.70%
2004-12-31	CA$56.32 Million ≈ $40.74 Million	+9.54%
2003-12-31	CA$51.42 Million ≈ $37.19 Million	+431.74%
2002-12-31	CA$9.67 Million ≈ $6.99 Million	-47.79%
2001-12-31	CA$18.52 Million ≈ $13.40 Million	-59.05%
2000-12-31	CA$45.23 Million ≈ $32.72 Million	+186.29%
1999-12-31	CA$15.80 Million ≈ $11.43 Million	+79.55%
1998-12-31	CA$8.80 Million ≈ $6.37 Million	+8.64%
1997-12-31	CA$8.10 Million ≈ $5.86 Million	-5.81%
1996-12-31	CA$8.60 Million ≈ $6.22 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Pinetree Capital 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 decreased by 35638000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Pinetree Capital Ltd Net Assets Breakdown (December 2025)

Pinetree Capital Ltd net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Common Stock	CA$342.29 Million	390.80%
Other Components	CA$108.18 Million	123.51%
Total Equity	CA$87.59 Million	100.00%

Pinetree Capital Ltd Competitors by Market Cap

The table below lists competitors of Pinetree Capital Ltd ranked by their market capitalization.

Company	Market Cap
Pc Iletisim ve Medya Hizmetleri Sanayi Ticaret AS IS:PCILT	$69.62 Million
Soosan Heavy I KO:017550	$69.65 Million
Julong Holding Limited Class A Ordinary Shares NASDAQ:JLHL	$69.65 Million
Lee Chi Enterprises Co Ltd TW:1517	$69.66 Million
Grupe S.A.B. de C.V MX:CIDMEGA	$69.59 Million
Real Estate & E-Commerce Split Corp TO:RS	$69.56 Million
U.S. GoldMining Inc. Common stock NASDAQ:USGO	$69.54 Million
Popular Vehicles and Services Limited NSE:PVSL	$69.53 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 77,699,000 to 87,586,000, a change of 9,887,000 (12.7%).
Net income of 9,887,000 contributed positively to equity growth.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$9.89 Million	+11.29%
Total Change	CA$-	12.72%

Book Value vs Market Value Analysis

This analysis compares Pinetree Capital 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: 1.10x
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 0.23x to 1.10x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1996-12-31	CA$45.24	CA$10.25	x
1997-12-31	CA$35.37	CA$10.25	x
1998-12-31	CA$38.03	CA$10.25	x
1999-12-31	CA$57.31	CA$10.25	x
2000-12-31	CA$151.38	CA$10.25	x
2001-12-31	CA$67.43	CA$10.25	x
2002-12-31	CA$35.85	CA$10.25	x
2003-12-31	CA$142.92	CA$10.25	x
2004-12-31	CA$150.06	CA$10.25	x
2005-12-31	CA$253.85	CA$10.25	x
2006-12-31	CA$1211.08	CA$10.25	x
2007-12-31	CA$675.28	CA$10.25	x
2008-12-31	CA$197.29	CA$10.25	x
2009-12-31	CA$355.63	CA$10.25	x
2010-12-31	CA$650.19	CA$10.25	x
2011-12-31	CA$360.27	CA$10.25	x
2012-12-31	CA$215.00	CA$10.25	x
2013-12-31	CA$94.58	CA$10.25	x
2014-12-31	CA$39.46	CA$10.25	x
2015-12-31	CA$13.35	CA$10.25	x
2016-12-31	CA$5.19	CA$10.25	x
2017-12-31	CA$4.94	CA$10.25	x
2018-12-31	CA$3.39	CA$10.25	x
2019-12-31	CA$3.64	CA$10.25	x
2020-12-31	CA$3.89	CA$10.25	x
2021-12-31	CA$5.05	CA$10.25	x
2022-12-31	CA$4.22	CA$10.25	x
2023-12-31	CA$4.83	CA$10.25	x
2024-12-31	CA$8.28	CA$10.25	x
2025-12-31	CA$9.33	CA$10.25	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Pinetree Capital 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): 11.29%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 56.55%
• Asset Turnover: 0.20x
• Equity Multiplier: 1.02x
Recent ROE (11.29%) is above the historical average (-31.29%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1996	-26.74%	-176.92%	0.12x	1.28x	CA$-3.16 Million
1997	-23.46%	-172.73%	0.12x	1.15x	CA$-2.71 Million
1998	6.82%	24.00%	0.26x	1.09x	CA$-280.00K
1999	31.65%	61.73%	0.42x	1.23x	CA$3.42 Million
2000	-25.56%	-201.66%	0.10x	1.25x	CA$-16.08 Million
2001	-143.73%	-889.18%	0.11x	1.42x	CA$-28.47 Million
2002	-90.57%	-965.52%	0.05x	1.96x	CA$-9.72 Million
2003	32.26%	59.07%	0.33x	1.64x	CA$11.45 Million
2004	-7.08%	-28.74%	0.17x	1.49x	CA$-9.62 Million
2005	46.65%	70.48%	0.42x	1.59x	CA$40.61 Million
2006	49.79%	62.14%	0.53x	1.51x	CA$146.34 Million
2007	-19.21%	-45.80%	0.32x	1.30x	CA$-139.30 Million
2008	-204.38%	0.00%	-2.12x	1.16x	CA$-373.47 Million
2009	45.93%	74.59%	0.55x	1.12x	CA$123.12 Million
2010	46.02%	77.08%	0.47x	1.27x	CA$232.97 Million
2011	-83.89%	0.00%	-0.74x	1.25x	CA$-333.90 Million
2012	-68.79%	0.00%	-0.45x	1.39x	CA$-167.15 Million
2013	-124.60%	0.00%	-0.62x	1.53x	CA$-133.28 Million
2014	-137.98%	0.00%	-0.30x	2.13x	CA$-75.71 Million
2015	-165.19%	0.00%	-0.72x	1.56x	CA$-34.17 Million
2016	-141.86%	0.00%	-1.02x	1.04x	CA$-16.17 Million
2017	-9.47%	0.00%	-0.05x	1.02x	CA$-3.56 Million
2018	-14.77%	0.00%	-0.11x	1.02x	CA$-3.96 Million
2019	10.72%	80.18%	0.13x	1.02x	CA$128.20K
2020	6.30%	70.64%	0.09x	1.02x	CA$-707.10K
2021	3.80%	63.96%	0.06x	1.01x	CA$-2.38 Million
2022	2.98%	56.68%	0.05x	1.01x	CA$-2.78 Million
2023	12.68%	86.69%	0.15x	1.01x	CA$1.22 Million
2024	41.61%	97.08%	0.43x	1.01x	CA$24.56 Million
2025	11.29%	56.55%	0.20x	1.02x	CA$1.13 Million

Industry Comparison

This section compares Pinetree Capital Ltd's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $1,418,075,398
Average return on equity (ROE) among peers: -6.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Pinetree Capital Ltd (PNP)	CA$82.56 Million	-26.74%	0.17x	$69.60 Million
Aberdeen International Inc. (AAB)	$87.49 Million	-10.35%	0.14x	$2.32 Million
Base Carbon Inc. (BCBN)	$134.69 Million	72.96%	0.05x	$41.59 Million
Canadian Banc Corp (BK)	$237.10 Million	-5.86%	1.66x	$520.42 Million
Brookfield Corporation (BN)	$6.40 Billion	6.37%	1.55x	$89.09 Billion
Sprott Physical Gold and Silver Trust (CEF)	$3.98 Billion	-36.62%	0.00x	$6.88 Billion
Canadian General Investments Ltd (CGI)	$424.88 Million	-14.25%	0.36x	$772.64 Million
CI Financial Corp (CIX)	$59.93 Million	-102.52%	3.85x	$3.32 Billion
Culico Metals Inc. (CLCO)	$10.12 Million	-3.33%	0.00x	$25.70 Million
Clairvest Group Inc. (CVG)	$857.81 Million	12.22%	0.15x	$837.28 Million
Cymbria Corporation (CYB)	$1.98 Billion	14.22%	0.07x	$1.12 Billion

About Pinetree Capital Ltd

TO:PNP Canada Asset Management

Market Cap

$69.60 Million

CA$96.22 Million CAD

Market Cap Rank

#20438 Global

#684 in Canada

Share Price

CA$10.25

Change (1 day)

+1.08%

52-Week Range

CA$8.18 - CA$12.65

All Time High

CA$22.58