Noble Financials SA (IBS) - Net Assets

Latest as of March 2026: zł38.65 Million PLN ≈ $10.64 Million USD

Based on the latest financial reports, Noble Financials SA (IBS) has net assets worth zł38.65 Million PLN (≈ $10.64 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł110.62 Million ≈ $30.44 Million USD) and total liabilities (zł71.97 Million ≈ $19.81 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 total assets of Noble Financials SA for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł38.65 Million
% of Total Assets	34.94%
Annual Growth Rate	0.51%
5-Year Change	548.28%
10-Year Change	N/A
Growth Volatility	298.41

Noble Financials SA - Net Assets Trend (2009–2025)

This chart illustrates how Noble Financials SA's net assets have evolved over time, based on quarterly financial data. Check Noble Financials SA (IBS) tangible net worth to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Noble Financials SA (2009–2025)

The table below shows the annual net assets of Noble Financials SA from 2009 to 2025. For live valuation and market cap data, see Noble Financials SA (IBS) total market value.

Year	Net Assets	Change
2025-12-31	zł35.46 Million ≈ $9.76 Million	-13.81%
2024-12-31	zł41.14 Million ≈ $11.32 Million	-1.24%
2023-12-31	zł41.66 Million ≈ $11.47 Million	+45.42%
2022-12-31	zł28.65 Million ≈ $7.88 Million	+423.75%
2021-12-31	zł5.47 Million ≈ $1.51 Million	+115.81%
2020-12-31	zł-34.61 Million ≈ $-9.52 Million	-199.12%
2019-12-31	zł-11.57 Million ≈ $-3.18 Million	+24.71%
2018-12-31	zł-15.37 Million ≈ $-4.23 Million	+77.71%
2017-12-31	zł-68.94 Million ≈ $-18.97 Million	-329.49%
2016-12-31	zł-16.05 Million ≈ $-4.42 Million	-299.83%
2015-12-31	zł8.03 Million ≈ $2.21 Million	+81.74%
2014-12-31	zł4.42 Million ≈ $1.22 Million	-98.80%
2013-12-31	zł367.69 Million ≈ $101.19 Million	+9.20%
2012-12-31	zł336.73 Million ≈ $92.67 Million	-2.64%
2011-12-31	zł345.88 Million ≈ $95.19 Million	+888.52%
2010-12-31	zł34.99 Million ≈ $9.63 Million	+7.11%
2009-12-31	zł32.67 Million ≈ $8.99 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Noble Financials SA'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 1525.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	zł87.25 Million	246.04%
Total Equity	zł35.46 Million	100.00%

Noble Financials SA Competitors by Market Cap

The table below lists competitors of Noble Financials SA ranked by their market capitalization.

Company	Market Cap
Co-Diagnostics, Inc. Common Stock NASDAQ:CODX	$5.45 Million
Trainers House Oyj HE:TRH1V	$5.46 Million
AT Systematization Bhd KLSE:0072	$5.46 Million
Priti International Limited NSE:PRITI	$5.46 Million
FENIXORO GOLD CORP. F:8FD	$5.45 Million
UPHEALTH INC F:5XV	$5.44 Million
Olenox Industries Inc. NASDAQ:OLOX	$5.44 Million
FIXEDzone as PR:FIXED	$5.44 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Noble Financials SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 41,142,000 to 35,461,000, a change of -5,681,000 (-13.8%).
Net loss of 5,681,000 reduced equity.
Other comprehensive income decreased equity by 9,893,999.
Other factors increased equity by 9,893,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł-5.68 Million	-16.02%
Other Comprehensive Income	zł-9.89 Million	-27.9%
Other Changes	zł9.89 Million	+27.9%
Total Change	zł-	-13.81%

Book Value vs Market Value Analysis

This analysis compares Noble Financials SA'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: 0.56x
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 increased from 0.16x to 0.56x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-12-31	zł326.11	zł51.20	x
2010-12-31	zł346.51	zł51.20	x
2011-12-31	zł1117.47	zł51.20	x
2012-12-31	zł1087.91	zł51.20	x
2013-12-31	zł1160.34	zł51.20	x
2014-12-31	zł12.84	zł51.20	x
2015-12-31	zł23.00	zł51.20	x
2016-12-31	zł-45.96	zł51.20	x
2017-12-31	zł33.00	zł51.20	x
2018-12-31	zł-44.00	zł51.20	x
2019-12-31	zł-33.13	zł51.20	x
2020-12-31	zł-99.09	zł51.20	x
2021-12-31	zł15.45	zł51.20	x
2022-12-31	zł74.07	zł51.20	x
2023-12-31	zł107.71	zł51.20	x
2024-12-31	zł106.37	zł51.20	x
2025-12-31	zł91.68	zł51.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Noble Financials SA 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): -16.02%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -30.82%
• Asset Turnover: 0.17x
• Equity Multiplier: 2.98x
Recent ROE (-16.02%) is above the historical average (-470.87%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	-4.03%	-20.64%	0.11x	1.81x	zł-4.58 Million
2010	6.60%	27.30%	0.02x	12.66x	zł-1.19 Million
2011	10.73%	850.15%	0.01x	1.69x	zł2.52 Million
2012	3.95%	124.57%	0.02x	1.96x	zł-20.37 Million
2013	10.74%	44.59%	0.14x	1.69x	zł2.70 Million
2014	-9160.20%	-25163.52%	0.01x	36.16x	zł-405.32 Million
2015	408.14%	6946.19%	0.01x	5.74x	zł31.98 Million
2016	0.00%	-2302.58%	0.08x	0.00x	zł-22.48 Million
2017	21.59%	1174.06%	0.23x	0.08x	zł1.34 Million
2018	0.00%	-638.16%	0.02x	0.00x	zł-269.20K
2019	0.00%	34518.18%	0.00x	0.00x	zł4.95 Million
2020	0.00%	-1151900.00%	0.00x	0.00x	zł-19.58 Million
2021	595.58%	847.50%	0.09x	7.45x	zł32.03 Million
2022	80.91%	122.94%	0.22x	3.06x	zł20.31 Million
2023	31.23%	78.23%	0.14x	2.94x	zł8.85 Million
2024	5.99%	14.67%	0.13x	3.08x	zł-1.65 Million
2025	-16.02%	-30.82%	0.17x	2.98x	zł-9.23 Million

Industry Comparison

This section compares Noble Financials SA's net assets metrics with peer companies in the Real Estate Services industry.

Industry Context

Industry: Real Estate Services
Average net assets among peers: $420,742,453
Average return on equity (ROE) among peers: 3.81%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Noble Financials SA (IBS)	zł38.65 Million	-4.03%	1.86x	$5.45 Million
NFI Octava SA (08N)	$52.49 Million	-8.96%	0.47x	$7.24 Million
City Service SE (CTS)	$65.15 Million	9.55%	1.11x	$53.94 Million
Korporacja Gospodarcza efekt S.A (EFK)	$76.02 Million	-9.28%	1.14x	$8.59 Million
Elkop SA (EKP)	$46.72 Million	4.66%	0.15x	$5.04 Million
Globe Trade Centre S.A. (GTC)	$982.78 Million	23.90%	0.88x	$355.60 Million
HM Inwest S.A. (HMI)	$17.19 Million	13.62%	2.06x	$16.07 Million
MLP Group S.A. (MLG)	$675.73 Million	9.83%	0.74x	$693.40 Million
Polski Holding Nieruchomości SA (PHN)	$1.89 Billion	-9.06%	0.22x	$130.24 Million
Reinhold Europe AB (RHD)	$-15.10 Million	0.00%	0.00x	$2.16 Million

About Noble Financials SA

WAR:IBS Poland Real Estate Services

Market Cap

$5.45 Million

zł19.80 Million PLN

Market Cap Rank

#28376 Global

#325 in Poland

Share Price

zł51.20

Change (1 day)

+0.39%

52-Week Range

zł50.20 - zł79.80

All Time High

zł138.00