Taiga Building Products Ltd. (TBL) - Net Assets

Latest as of December 2025: CA$306.73 Million CAD ≈ $221.89 Million USD

Based on the latest financial reports, Taiga Building Products Ltd. (TBL) has net assets worth CA$306.73 Million CAD (≈ $221.89 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 (CA$520.51 Million ≈ $376.53 Million USD) and total liabilities (CA$213.77 Million ≈ $154.64 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 Taiga Building Products Ltd. liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$306.73 Million
% of Total Assets	58.93%
Annual Growth Rate	6.67%
5-Year Change	14.86%
10-Year Change	N/A
Growth Volatility	53.77

Taiga Building Products Ltd. - Net Assets Trend (1999–2025)

This chart illustrates how Taiga Building Products Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore Taiga Building Products Ltd. (TBL) total assets for the complete picture of this company's asset base.

Annual Net Assets for Taiga Building Products Ltd. (1999–2025)

The table below shows the annual net assets of Taiga Building Products Ltd. from 1999 to 2025. For live valuation and market cap data, see Taiga Building Products Ltd. stock valuation.

Year	Net Assets	Change
2025-12-31	CA$306.73 Million ≈ $221.89 Million	-32.50%
2024-12-31	CA$454.40 Million ≈ $328.70 Million	+14.92%
2023-12-31	CA$395.42 Million ≈ $286.04 Million	+8.86%
2022-12-31	CA$363.25 Million ≈ $262.77 Million	+36.02%
2021-12-31	CA$267.06 Million ≈ $193.18 Million	+30.26%
2020-12-31	CA$205.02 Million ≈ $148.31 Million	+46.77%
2019-12-31	CA$139.68 Million ≈ $101.05 Million	+18.07%
2018-12-31	CA$118.31 Million ≈ $85.58 Million	+23.44%
2017-12-31	CA$95.84 Million ≈ $69.33 Million	+636.28%
2016-12-31	CA$-17.87 Million ≈ $-12.93 Million	+32.67%
2015-12-31	CA$-26.54 Million ≈ $-19.20 Million	+31.80%
2014-12-31	CA$-38.92 Million ≈ $-28.15 Million	+26.94%
2013-12-31	CA$-53.27 Million ≈ $-38.54 Million	+11.86%
2012-12-31	CA$-60.44 Million ≈ $-43.72 Million	+14.08%
2011-12-31	CA$-70.34 Million ≈ $-50.89 Million	+11.51%
2010-12-31	CA$-79.49 Million ≈ $-57.50 Million	+1.26%
2009-12-31	CA$-80.50 Million ≈ $-58.24 Million	+9.89%
2008-12-31	CA$-89.34 Million ≈ $-64.63 Million	+0.84%
2007-12-31	CA$-90.10 Million ≈ $-65.18 Million	-8.59%
2006-12-31	CA$-82.97 Million ≈ $-60.02 Million	-1.36%
2005-12-31	CA$-81.86 Million ≈ $-59.22 Million	-180.95%
2004-12-31	CA$101.13 Million ≈ $73.15 Million	+28.19%
2003-12-31	CA$78.89 Million ≈ $57.07 Million	+13.50%
2002-12-31	CA$69.50 Million ≈ $50.28 Million	+9.99%
2001-12-31	CA$63.19 Million ≈ $45.71 Million	+8.89%
2000-12-31	CA$58.03 Million ≈ $41.98 Million	+1.51%
1999-12-31	CA$57.17 Million ≈ $41.36 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Taiga Building Products 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 279.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CA$171.50 Million	55.91%
Common Stock	CA$122.48 Million	39.93%
Other Comprehensive Income	CA$12.76 Million	4.16%
Total Equity	CA$306.74 Million	100.00%

Taiga Building Products Ltd. Competitors by Market Cap

The table below lists competitors of Taiga Building Products Ltd. ranked by their market capitalization.

Company	Market Cap
T-Robotics.Co.Ltd KQ:117730	$288.93 Million
Polaris Media OL:POL	$289.04 Million
Izertis Sa MC:IZER	$289.06 Million
Siddhi Acquisition Corp Class A Common stock NASDAQ:SDHI	$289.16 Million
Jiangxi Changyun Co Ltd SHG:600561	$288.90 Million
OneIM Acquisition Corp. Class A Ordinary Shares NASDAQ:OIM	$288.79 Million
Intracom Holdings S.A. AT:INTRK	$288.78 Million
Voxel S.A. WAR:VOX	$288.76 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 454,396,000 to 306,735,000, a change of -147,661,000 (-32.5%).
Net income of 28,557,000 contributed positively to equity growth.
Dividend payments of 179,997,000 reduced retained earnings.
Other comprehensive income decreased equity by 6,221,000.
Other factors increased equity by 10,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$28.56 Million	+9.31%
Dividends Paid	CA$180.00 Million	-58.68%
Other Comprehensive Income	CA$-6.22 Million	-2.03%
Other Changes	CA$10.00 Million	+3.26%
Total Change	CA$-	-32.50%

Book Value vs Market Value Analysis

This analysis compares Taiga Building Products 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: 1.30x
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 0.25x to 1.30x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1999-12-31	CA$14.98	CA$3.70	x
2000-12-31	CA$15.18	CA$3.70	x
2001-12-31	CA$8.10	CA$3.70	x
2002-12-31	CA$8.97	CA$3.70	x
2003-12-31	CA$9.91	CA$3.70	x
2004-12-31	CA$12.70	CA$3.70	x
2005-12-31	CA$-2.55	CA$3.70	x
2006-12-31	CA$-2.58	CA$3.70	x
2007-12-31	CA$-2.80	CA$3.70	x
2008-12-31	CA$-2.77	CA$3.70	x
2009-12-31	CA$-2.48	CA$3.70	x
2010-12-31	CA$-2.45	CA$3.70	x
2011-12-31	CA$-2.17	CA$3.70	x
2012-12-31	CA$-1.86	CA$3.70	x
2013-12-31	CA$-1.64	CA$3.70	x
2014-12-31	CA$-1.20	CA$3.70	x
2015-12-31	CA$-0.82	CA$3.70	x
2016-12-31	CA$-0.55	CA$3.70	x
2017-12-31	CA$2.07	CA$3.70	x
2018-12-31	CA$1.02	CA$3.70	x
2019-12-31	CA$1.22	CA$3.70	x
2020-12-31	CA$1.86	CA$3.70	x
2021-12-31	CA$2.46	CA$3.70	x
2022-12-31	CA$3.36	CA$3.70	x
2023-12-31	CA$3.68	CA$3.70	x
2024-12-31	CA$4.21	CA$3.70	x
2025-12-31	CA$2.84	CA$3.70	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Taiga Building Products 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): 9.31%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.75%
• Asset Turnover: 3.13x
• Equity Multiplier: 1.70x
Recent ROE (9.31%) is above the historical average (8.65%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1999	10.61%	0.67%	3.74x	4.23x	CA$351.56K
2000	1.45%	0.11%	3.92x	3.48x	CA$-4.96 Million
2001	9.88%	0.73%	3.93x	3.44x	CA$-75.33K
2002	11.26%	0.86%	3.48x	3.77x	CA$878.37K
2003	13.54%	0.99%	3.56x	3.85x	CA$2.79 Million
2004	26.37%	2.01%	4.00x	3.28x	CA$16.55 Million
2005	0.00%	0.03%	3.89x	0.00x	CA$8.58 Million
2006	0.00%	0.37%	3.60x	0.00x	CA$12.39 Million
2007	0.00%	0.22%	3.35x	0.00x	CA$11.24 Million
2008	0.00%	0.02%	3.83x	0.00x	CA$9.13 Million
2009	0.00%	1.29%	3.23x	0.00x	CA$20.03 Million
2010	0.00%	0.49%	3.53x	0.00x	CA$12.60 Million
2011	0.00%	0.38%	3.25x	0.00x	CA$10.76 Million
2012	0.00%	0.92%	3.27x	0.00x	CA$16.48 Million
2013	0.00%	0.43%	3.78x	0.00x	CA$10.40 Million
2014	0.00%	0.82%	3.88x	0.00x	CA$14.97 Million
2015	0.00%	0.86%	4.46x	0.00x	CA$14.37 Million
2016	0.00%	0.65%	3.78x	0.00x	CA$9.78 Million
2017	-4.11%	-0.28%	5.14x	2.83x	CA$-13.52 Million
2018	17.13%	1.40%	4.45x	2.76x	CA$8.44 Million
2019	18.55%	1.99%	3.29x	2.83x	CA$11.94 Million
2020	34.55%	4.46%	3.35x	2.31x	CA$50.32 Million
2021	34.71%	4.18%	3.81x	2.18x	CA$65.98 Million
2022	24.40%	4.04%	3.55x	1.70x	CA$52.30 Million
2023	15.50%	3.65%	2.69x	1.58x	CA$21.76 Million
2024	10.48%	2.91%	2.36x	1.53x	CA$2.17 Million
2025	9.31%	1.75%	3.13x	1.70x	CA$-2.12 Million

Industry Comparison

This section compares Taiga Building Products Ltd.'s net assets metrics with peer companies in the Industrial Distribution industry.

Industry Context

Industry: Industrial Distribution
Average net assets among peers: $673,762,400
Average return on equity (ROE) among peers: 21.74%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Taiga Building Products Ltd. (TBL)	CA$306.73 Million	10.61%	0.70x	$288.92 Million
Doman Building Materials Group Ltd (DBM)	$123.52 Million	-0.55%	0.92x	$650.38 Million
Finning International Inc. (FTT)	$1.34 Billion	19.28%	2.04x	$9.41 Billion
Russel Metals Inc. (RUS)	$1.25 Billion	34.62%	0.85x	$2.10 Billion
Toromont Industries Ltd. (TIH)	$155.80 Million	39.02%	1.79x	$12.80 Billion
Wajax Corporation (WJX)	$496.24 Million	16.32%	1.97x	$539.71 Million

About Taiga Building Products Ltd.

TO:TBL Canada Industrial Distribution

Market Cap

$288.92 Million

CA$399.39 Million CAD

Market Cap Rank

#15122 Global

#455 in Canada

Share Price

CA$3.70

Change (1 day)

+0.00%

52-Week Range

CA$3.11 - CA$5.00

All Time High

CA$5.00