mBank SA (MBK) - Net Assets

Latest as of June 2026: zł23.36 Billion PLN ≈ $6.43 Billion USD

Based on the latest financial reports, mBank SA (MBK) has net assets worth zł23.36 Billion PLN (≈ $6.43 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł304.40 Billion ≈ $83.78 Billion USD) and total liabilities (zł281.04 Billion ≈ $77.35 Billion 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 MBK strategic asset allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł23.36 Billion
% of Total Assets	7.67%
Annual Growth Rate	11.71%
5-Year Change	58.3%
10-Year Change	66.38%
Growth Volatility	15.85

mBank SA - Net Assets Trend (2002–2025)

This chart illustrates how mBank SA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of mBank SA.

Annual Net Assets for mBank SA (2002–2025)

The table below shows the annual net assets of mBank SA from 2002 to 2025. Also explore how fast is mBank SA growing its equity to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	zł21.71 Billion ≈ $5.98 Billion	+22.22%
2024-12-31	zł17.77 Billion ≈ $4.89 Billion	+29.33%
2023-12-31	zł13.74 Billion ≈ $3.78 Billion	+8.04%
2022-12-31	zł12.72 Billion ≈ $3.50 Billion	-7.31%
2021-12-31	zł13.72 Billion ≈ $3.78 Billion	-17.73%
2020-12-31	zł16.68 Billion ≈ $4.59 Billion	+3.48%
2019-12-31	zł16.12 Billion ≈ $4.44 Billion	+6.22%
2018-12-31	zł15.17 Billion ≈ $4.18 Billion	+8.62%
2017-12-31	zł13.97 Billion ≈ $3.84 Billion	+7.02%
2016-12-31	zł13.05 Billion ≈ $3.59 Billion	+6.32%
2015-12-31	zł12.27 Billion ≈ $3.38 Billion	+10.86%
2014-12-31	zł11.07 Billion ≈ $3.05 Billion	+7.96%
2013-12-31	zł10.26 Billion ≈ $2.82 Billion	+6.63%
2012-12-31	zł9.62 Billion ≈ $2.65 Billion	+20.43%
2011-12-31	zł7.99 Billion ≈ $2.20 Billion	+12.86%
2010-12-31	zł7.08 Billion ≈ $1.95 Billion	+65.70%
2009-12-31	zł4.27 Billion ≈ $1.18 Billion	+5.51%
2008-12-31	zł4.05 Billion ≈ $1.11 Billion	+31.42%
2007-12-31	zł3.08 Billion ≈ $847.70 Million	+30.90%
2006-12-31	zł2.35 Billion ≈ $647.60 Million	+11.60%
2005-12-31	zł2.11 Billion ≈ $580.28 Million	+9.53%
2004-12-31	zł1.92 Billion ≈ $529.77 Million	+13.50%
2003-12-31	zł1.70 Billion ≈ $466.77 Million	-0.35%
2002-12-31	zł1.70 Billion ≈ $468.39 Million	--

Equity Component Analysis

This analysis shows how different components contribute to mBank 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 grown by 1681459500000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	zł16.30 Billion	76.13%
Common Stock	zł170.10 Million	0.79%
Other Comprehensive Income	zł1.47 Billion	6.88%
Other Components	zł3.47 Billion	16.20%
Total Equity	zł21.41 Billion	100.00%

mBank SA Competitors by Market Cap

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

Company	Market Cap
Capgemini SE PA:CAP	$16.85 Billion
NIPPON STEEL SP.ADR 033 F:NPSA	$16.86 Billion
Permian Resources Corporation NYSE:PR	$16.88 Billion
Hanwha Ocean Co., Ltd KO:042660	$16.88 Billion
CF Industries Holdings Inc NYSE:CF	$16.81 Billion
Exor N.V. AS:EXO	$16.81 Billion
Wipro Limited F:WIOA	$16.77 Billion
JSC National Atomic Company Kazatomprom IL:KAP	$16.75 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 17,766,994,000 to 21,409,125,000, a change of 3,642,131,000 (20.5%).
Net income of 3,543,540,000 contributed positively to equity growth.
New share issuances of 115,000 increased equity.
Other comprehensive income increased equity by 229,062,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł3.54 Billion	+16.55%
Share Issuances	zł115.00K	+0.0%
Other Comprehensive Income	zł229.06 Million	+1.07%
Other Changes	zł-130.59 Million	-0.61%
Total Change	zł-	20.50%

Book Value vs Market Value Analysis

This analysis compares mBank 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: 2.86x
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 20.83x to 2.86x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	zł68.97	zł1437.00	x
2003-12-31	zł61.29	zł1437.00	x
2004-12-31	zł81.06	zł1437.00	x
2005-12-31	zł78.76	zł1437.00	x
2006-12-31	zł79.72	zł1437.00	x
2007-12-31	zł104.03	zł1437.00	x
2008-12-31	zł131.12	zł1437.00	x
2009-12-31	zł138.59	zł1437.00	x
2010-12-31	zł188.22	zł1437.00	x
2011-12-31	zł189.00	zł1437.00	x
2012-12-31	zł227.58	zł1437.00	x
2013-12-31	zł242.59	zł1437.00	x
2014-12-31	zł261.56	zł1437.00	x
2015-12-31	zł289.78	zł1437.00	x
2016-12-31	zł308.05	zł1437.00	x
2017-12-31	zł330.03	zł1437.00	x
2018-12-31	zł358.24	zł1437.00	x
2019-12-31	zł380.44	zł1437.00	x
2020-12-31	zł393.42	zł1437.00	x
2021-12-31	zł323.11	zł1437.00	x
2022-12-31	zł299.81	zł1437.00	x
2023-12-31	zł323.02	zł1437.00	x
2024-12-31	zł417.63	zł1437.00	x
2025-12-31	zł503.03	zł1437.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently mBank 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): 16.55%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 24.27%
• Asset Turnover: 0.05x
• Equity Multiplier: 13.09x
Recent ROE (16.55%) is above the historical average (6.09%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	-23.38%	-17.59%	0.08x	17.31x	zł-528.82 Million
2003	0.86%	0.88%	0.05x	19.28x	zł-144.70 Million
2004	0.54%	0.42%	0.07x	17.57x	zł-176.17 Million
2005	-13.68%	-11.69%	0.07x	16.09x	zł-481.95 Million
2006	13.78%	15.72%	0.06x	15.67x	zł88.89 Million
2007	24.27%	20.44%	0.08x	15.72x	zł439.60 Million
2008	22.84%	38.30%	0.03x	21.21x	zł499.90 Million
2009	3.17%	2.71%	0.06x	19.67x	zł-281.50 Million
2010	9.29%	12.98%	0.05x	13.03x	zł-49.33 Million
2011	14.25%	21.42%	0.05x	12.41x	zł338.63 Million
2012	12.48%	20.29%	0.06x	10.65x	zł237.88 Million
2013	11.79%	22.09%	0.05x	10.19x	zł183.44 Million
2014	11.65%	23.41%	0.05x	10.68x	zł182.34 Million
2015	10.63%	25.52%	0.04x	10.09x	zł77.01 Million
2016	9.36%	22.04%	0.04x	10.27x	zł-83.09 Million
2017	7.82%	20.02%	0.04x	9.40x	zł-304.93 Million
2018	8.59%	22.53%	0.04x	9.61x	zł-214.12 Million
2019	6.09%	15.66%	0.04x	9.26x	zł-630.52 Million
2020	0.62%	1.58%	0.04x	10.73x	zł-1.56 Billion
2021	-8.59%	-17.83%	0.03x	14.46x	zł-2.55 Billion
2022	-5.53%	-6.13%	0.05x	16.51x	zł-1.97 Billion
2023	0.18%	0.14%	0.07x	16.53x	zł-1.35 Billion
2024	12.63%	13.24%	0.07x	13.84x	zł466.55 Million
2025	16.55%	24.27%	0.05x	13.09x	zł1.40 Billion

Industry Comparison

This section compares mBank SA's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $11,526,057,444
Average return on equity (ROE) among peers: 11.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
mBank SA (MBK)	zł23.36 Billion	-23.38%	12.03x	$16.82 Billion
Bank Handlowy w Warszawie SA (BHW)	$5.25 Billion	11.78%	5.26x	$4.26 Billion
BNP Paribas Bank Polska S.A. (BNP)	$4.16 Billion	3.32%	8.74x	$6.12 Billion
Bank Ochrony Środowiska SA (BOS)	$2.20 Billion	3.27%	7.40x	$260.30 Million
Erste Bank Polska S.A. (EBP)	$20.57 Billion	11.31%	5.79x	$21.09 Billion
Getin Holding SA (GTN)	$2.06 Billion	29.32%	3.75x	$14.31 Million
ING Bank Śląski SA (ING)	$3.84 Billion	16.58%	12.54x	$15.99 Billion
Bank Millennium S.A. (MIL)	$5.36 Billion	9.99%	9.63x	$7.45 Billion
Bank Polska Kasa Opieki SA (PEO)	$24.05 Billion	11.29%	5.97x	$19.38 Billion
Powszechna Kasa Oszczednosci Bank Polski SA (PKO)	$36.26 Billion	8.56%	7.19x	$41.43 Billion

About mBank SA

WAR:MBK Poland Banks - Regional

Market Cap

$16.82 Billion

zł61.11 Billion PLN

Market Cap Rank

#1496 Global

#8 in Poland

Share Price

zł1437.00

Change (1 day)

-0.62%

52-Week Range

zł868.60 - zł1463.50

All Time High

zł1463.50