Royal Bank of Canada (RY) - Net Assets
Based on the latest financial reports, Royal Bank of Canada (RY) has net assets worth CA$139.15 Billion CAD (≈ $100.66 Billion USD) as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.33 Trillion ≈ $1.68 Trillion USD) and total liabilities (CA$2.19 Trillion ≈ $1.58 Trillion 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$139.15 Billion |
| % of Total Assets | 5.98% |
| Annual Growth Rate | 9.33% |
| 5-Year Change | 40.9% |
| 10-Year Change | 94.31% |
| Growth Volatility | 32.42 |
Royal Bank of Canada - Net Assets Trend (1993–2025)
This chart illustrates how Royal Bank of Canada's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Royal Bank of Canada (1993–2025)
The table below shows the annual net assets of Royal Bank of Canada from 1993 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | CA$139.15 Billion ≈ $100.66 Billion |
+9.40% |
| 2024-10-31 | CA$127.19 Billion ≈ $92.01 Billion |
+6.62% |
| 2023-10-31 | CA$119.30 Billion ≈ $86.30 Billion |
+10.28% |
| 2022-10-31 | CA$108.17 Billion ≈ $78.25 Billion |
+9.53% |
| 2021-10-31 | CA$98.76 Billion ≈ $71.44 Billion |
+13.82% |
| 2020-10-31 | CA$86.77 Billion ≈ $62.77 Billion |
+3.76% |
| 2019-10-31 | CA$83.62 Billion ≈ $60.49 Billion |
+4.59% |
| 2018-10-31 | CA$79.95 Billion ≈ $57.84 Billion |
+7.43% |
| 2017-10-31 | CA$74.43 Billion ≈ $53.84 Billion |
+3.93% |
| 2016-10-31 | CA$71.61 Billion ≈ $51.80 Billion |
+11.99% |
| 2015-10-31 | CA$63.94 Billion ≈ $46.26 Billion |
+17.32% |
| 2014-10-31 | CA$54.50 Billion ≈ $39.43 Billion |
+10.64% |
| 2013-10-31 | CA$49.26 Billion ≈ $35.63 Billion |
+7.02% |
| 2012-10-31 | CA$46.03 Billion ≈ $33.30 Billion |
-46.34% |
| 2011-10-31 | CA$85.78 Billion ≈ $62.05 Billion |
+108.17% |
| 2010-10-31 | CA$41.21 Billion ≈ $29.81 Billion |
+5.72% |
| 2009-10-31 | CA$38.98 Billion ≈ $28.20 Billion |
+17.65% |
| 2008-10-31 | CA$33.13 Billion ≈ $23.96 Billion |
+27.80% |
| 2007-10-31 | CA$25.92 Billion ≈ $18.75 Billion |
+7.14% |
| 2006-10-31 | CA$24.19 Billion ≈ $17.50 Billion |
+9.52% |
| 2005-10-31 | CA$22.09 Billion ≈ $15.98 Billion |
+25.24% |
| 2004-10-31 | CA$17.64 Billion ≈ $12.76 Billion |
-15.05% |
| 2003-10-31 | CA$20.76 Billion ≈ $15.02 Billion |
+2.52% |
| 2002-10-31 | CA$20.25 Billion ≈ $14.65 Billion |
+3.10% |
| 2001-10-31 | CA$19.64 Billion ≈ $14.21 Billion |
+102.79% |
| 2000-10-31 | CA$9.69 Billion ≈ $7.01 Billion |
-21.94% |
| 1999-10-31 | CA$12.41 Billion ≈ $8.98 Billion |
-34.92% |
| 1998-10-31 | CA$19.07 Billion ≈ $13.79 Billion |
+97.37% |
| 1997-10-31 | CA$9.66 Billion ≈ $6.99 Billion |
-6.55% |
| 1996-10-31 | CA$10.34 Billion ≈ $7.48 Billion |
+14.45% |
| 1995-10-31 | CA$9.03 Billion ≈ $6.53 Billion |
+5.16% |
| 1994-10-31 | CA$8.59 Billion ≈ $6.21 Billion |
+7.15% |
| 1993-10-31 | CA$8.02 Billion ≈ $5.80 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Royal Bank of Canada'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 3397.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$96.94 Billion | 69.69% |
| Common Stock | CA$20.86 Billion | 15.00% |
| Other Comprehensive Income | CA$9.73 Billion | 6.99% |
| Other Components | CA$11.56 Billion | 8.31% |
| Total Equity | CA$139.09 Billion | 100.00% |
Royal Bank of Canada Competitors by Market Cap
The table below lists competitors of Royal Bank of Canada ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Westpac Banking Corporation
AU:WBCPI
|
$243.39 Billion |
|
Wells Fargo & Company
NYSE:WFC
|
$245.62 Billion |
|
Toyota Motor Corporation
MX:TMN
|
$251.65 Billion |
|
AstraZeneca PLC
F:ZEGA
|
$252.57 Billion |
|
Novartis AG
SW:NOVN
|
$241.30 Billion |
|
China Construction Bank Corporation
F:C6T
|
$239.50 Billion |
|
Shell PLC ADR
NYSE:SHEL
|
$239.42 Billion |
|
Goldman Sachs Group Inc
NYSE:GS
|
$236.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Royal Bank of Canada's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 127,089,000,000 to 139,092,000,000, a change of 12,003,000,000 (9.4%).
- Net income of 20,362,000,000 contributed positively to equity growth.
- Dividend payments of 8,800,000,000 reduced retained earnings.
- Share repurchases of 13,495,000,000 reduced equity.
- New share issuances of 15,716,000,000 increased equity.
- Other comprehensive income increased equity by 1,228,000,000.
- Other factors decreased equity by 3,008,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$20.36 Billion | +14.64% |
| Dividends Paid | CA$8.80 Billion | -6.33% |
| Share Repurchases | CA$13.49 Billion | -9.7% |
| Share Issuances | CA$15.72 Billion | +11.3% |
| Other Comprehensive Income | CA$1.23 Billion | +0.88% |
| Other Changes | CA$-3.01 Billion | -2.16% |
| Total Change | CA$- | 9.44% |
Book Value vs Market Value Analysis
This analysis compares Royal Bank of Canada'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: 2.43x
- 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 38.40x to 2.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-10-31 | CA$6.25 | CA$239.83 | x |
| 1994-10-31 | CA$6.86 | CA$239.83 | x |
| 1995-10-31 | CA$7.20 | CA$239.83 | x |
| 1996-10-31 | CA$8.25 | CA$239.83 | x |
| 1997-10-31 | CA$8.27 | CA$239.83 | x |
| 1998-10-31 | CA$9.50 | CA$239.83 | x |
| 1999-10-31 | CA$9.81 | CA$239.83 | x |
| 2000-10-31 | CA$10.90 | CA$239.83 | x |
| 2001-10-31 | CA$14.03 | CA$239.83 | x |
| 2002-10-31 | CA$13.83 | CA$239.83 | x |
| 2003-10-31 | CA$13.91 | CA$239.83 | x |
| 2004-10-31 | CA$13.89 | CA$239.83 | x |
| 2005-10-31 | CA$15.21 | CA$239.83 | x |
| 2006-10-31 | CA$17.25 | CA$239.83 | x |
| 2007-10-31 | CA$18.95 | CA$239.83 | x |
| 2008-10-31 | CA$23.31 | CA$239.83 | x |
| 2009-10-31 | CA$26.14 | CA$239.83 | x |
| 2010-10-31 | CA$27.17 | CA$239.83 | x |
| 2011-10-31 | CA$28.34 | CA$239.83 | x |
| 2012-10-31 | CA$30.15 | CA$239.83 | x |
| 2013-10-31 | CA$33.10 | CA$239.83 | x |
| 2014-10-31 | CA$36.29 | CA$239.83 | x |
| 2015-10-31 | CA$42.87 | CA$239.83 | x |
| 2016-10-31 | CA$47.53 | CA$239.83 | x |
| 2017-10-31 | CA$50.07 | CA$239.83 | x |
| 2018-10-31 | CA$55.06 | CA$239.83 | x |
| 2019-10-31 | CA$57.97 | CA$239.83 | x |
| 2020-10-31 | CA$60.66 | CA$239.83 | x |
| 2021-10-31 | CA$69.16 | CA$239.83 | x |
| 2022-10-31 | CA$76.86 | CA$239.83 | x |
| 2023-10-31 | CA$84.49 | CA$239.83 | x |
| 2024-10-31 | CA$89.74 | CA$239.83 | x |
| 2025-10-31 | CA$98.54 | CA$239.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Royal Bank of Canada utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.82%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 16.72x
- Recent ROE (14.64%) is below the historical average (14.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 3.78% | 4.64% | 0.04x | 20.80x | CA$-493.00 Million |
| 1994 | 13.60% | 15.92% | 0.04x | 20.15x | CA$309.63 Million |
| 1995 | 13.97% | 17.34% | 0.04x | 20.33x | CA$358.87 Million |
| 1996 | 13.83% | 18.08% | 0.04x | 21.10x | CA$396.27 Million |
| 1997 | 16.16% | 18.08% | 0.04x | 23.49x | CA$640.06 Million |
| 1998 | 15.34% | 18.13% | 0.04x | 23.64x | CA$634.85 Million |
| 1999 | 13.90% | 16.26% | 0.04x | 22.03x | CA$484.21 Million |
| 2000 | 16.61% | 18.39% | 0.04x | 21.79x | CA$878.62 Million |
| 2001 | 13.27% | 15.00% | 0.04x | 19.78x | CA$594.35 Million |
| 2002 | 14.70% | 16.01% | 0.05x | 20.07x | CA$883.33 Million |
| 2003 | 16.36% | 17.69% | 0.04x | 21.93x | CA$1.17 Billion |
| 2004 | 15.48% | 15.83% | 0.04x | 23.41x | CA$997.20 Million |
| 2005 | 17.07% | 17.66% | 0.04x | 23.66x | CA$1.40 Billion |
| 2006 | 21.09% | 22.91% | 0.04x | 23.94x | CA$2.49 Billion |
| 2007 | 22.47% | 24.81% | 0.04x | 24.57x | CA$3.05 Billion |
| 2008 | 14.81% | 21.11% | 0.03x | 23.53x | CA$1.48 Billion |
| 2009 | 10.45% | 14.59% | 0.04x | 17.75x | CA$167.40 Million |
| 2010 | 13.41% | 20.03% | 0.04x | 18.64x | CA$1.33 Billion |
| 2011 | 11.63% | 17.55% | 0.03x | 19.03x | CA$681.30 Million |
| 2012 | 16.81% | 26.89% | 0.03x | 18.64x | CA$3.02 Billion |
| 2013 | 17.16% | 28.29% | 0.03x | 17.71x | CA$3.48 Billion |
| 2014 | 16.91% | 27.13% | 0.03x | 17.85x | CA$3.64 Billion |
| 2015 | 15.97% | 29.02% | 0.03x | 17.29x | CA$3.71 Billion |
| 2016 | 14.65% | 27.93% | 0.03x | 16.62x | CA$3.30 Billion |
| 2017 | 15.48% | 28.92% | 0.03x | 16.43x | CA$4.05 Billion |
| 2018 | 15.53% | 30.05% | 0.03x | 16.71x | CA$4.41 Billion |
| 2019 | 15.40% | 29.14% | 0.03x | 17.11x | CA$4.51 Billion |
| 2020 | 13.19% | 26.69% | 0.03x | 18.75x | CA$2.77 Billion |
| 2021 | 16.25% | 31.79% | 0.03x | 17.29x | CA$6.17 Billion |
| 2022 | 14.62% | 32.56% | 0.03x | 17.74x | CA$4.99 Billion |
| 2023 | 12.41% | 29.81% | 0.02x | 17.05x | CA$2.84 Billion |
| 2024 | 12.77% | 29.99% | 0.02x | 17.09x | CA$3.52 Billion |
| 2025 | 14.64% | 14.82% | 0.06x | 16.72x | CA$6.45 Billion |
Industry Comparison
This section compares Royal Bank of Canada's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $12,949,508,998
- Average return on equity (ROE) among peers: 16.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Royal Bank of Canada (RY) | CA$139.15 Billion | 3.78% | 15.71x | $242.92 Billion |
| Bank of Montreal (BMO) | $11.13 Billion | 12.14% | 19.01x | $106.09 Billion |
| Bank of Nova Scotia (BNS) | $17.52 Billion | 16.73% | 14.94x | $92.23 Billion |
| Canadian Imperial Bank Of Commerce (CM) | $11.90 Billion | 14.16% | 23.15x | $100.44 Billion |
| National Bank of Canada (NA) | $4.57 Billion | 15.85% | 18.42x | $57.04 Billion |
| Toronto Dominion Bank (TD) | $19.63 Billion | 23.45% | 19.01x | $173.57 Billion |
About Royal Bank of Canada
Royal Bank of Canada operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions. The company's Commercial Banking segments provides lending, deposit and transaction banking products and… Read more