mBank SA Net Assets

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

mBank SA net assets. 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. Also explore MBK net assets growth trend to track the company's year-over-year net asset growth rate.

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

Net Assets of mBank SA (2002–2025)

Net assets of mBank SA from 2002 to 2025. This chart illustrates how mBank SA's net assets have evolved over time, based on quarterly financial data. See mBank SA (MBK) net asset quality to measure how much of total assets are equity-financed.

Annual Net Assets for mBank SA (2002–2025)

The table below shows the annual net assets of mBank SA from 2002 to 2025. For live market cap and overall valuation, see MBK company net worth.

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.

mBank SA Net Assets Breakdown (December 2025)

mBank SA net assets breakdown by equity component as of 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
Qnb Finansbank AS IS:QNBTR	$18.85 Billion
Super Micro Computer Inc NASDAQ:SMCI	$18.85 Billion
Evergy, Inc. NASDAQ:EVRG	$18.85 Billion
Advanced Micro Fabrication Inc SHG:688012	$18.86 Billion
Coca-Cola FEMSA S.A.B. de C.V F:CFSL	$18.82 Billion
Essity AB (publ) ST:ESSITY-B	$18.77 Billion
F5 Networks Inc NASDAQ:FFIV	$18.75 Billion
Krung Thai Bank Public Company Limited BK:KTB	$18.73 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: 3.20x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 23.34x to 3.20x 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	zł1610.00	x
2003-12-31	zł61.29	zł1610.00	x
2004-12-31	zł81.06	zł1610.00	x
2005-12-31	zł78.76	zł1610.00	x
2006-12-31	zł79.72	zł1610.00	x
2007-12-31	zł104.03	zł1610.00	x
2008-12-31	zł131.12	zł1610.00	x
2009-12-31	zł138.59	zł1610.00	x
2010-12-31	zł188.22	zł1610.00	x
2011-12-31	zł189.00	zł1610.00	x
2012-12-31	zł227.58	zł1610.00	x
2013-12-31	zł242.59	zł1610.00	x
2014-12-31	zł261.56	zł1610.00	x
2015-12-31	zł289.78	zł1610.00	x
2016-12-31	zł308.05	zł1610.00	x
2017-12-31	zł330.03	zł1610.00	x
2018-12-31	zł358.24	zł1610.00	x
2019-12-31	zł380.44	zł1610.00	x
2020-12-31	zł393.42	zł1610.00	x
2021-12-31	zł323.11	zł1610.00	x
2022-12-31	zł299.81	zł1610.00	x
2023-12-31	zł323.02	zł1610.00	x
2024-12-31	zł417.63	zł1610.00	x
2025-12-31	zł503.03	zł1610.00	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: $7,870,031,000
Average return on equity (ROE) among peers: 8.77%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
mBank SA (MBK)	zł23.36 Billion	-23.38%	12.03x	$18.84 Billion
Bank Handlowy w Warszawie SA (BHW)	$7.58 Billion	2.27%	7.04x	$4.31 Billion
BNP Paribas Bank Polska S.A. (BNP)	$6.27 Billion	0.21%	9.43x	$6.89 Billion
Bank Ochrony Środowiska SA (BOS)	$1.47 Billion	-3.48%	13.25x	$265.42 Million
Erste Bank Polska S.A. (EBP)	$6.04 Billion	14.67%	7.96x	$21.64 Billion
Getin Holding SA (GTN)	$4.05 Billion	8.29%	7.77x	$14.41 Million
ING Bank Śląski SA (ING)	$8.63 Billion	11.14%	9.05x	$16.26 Billion
Bank Millennium S.A. (MIL)	$6.44 Billion	8.48%	9.28x	$7.47 Billion
Bank Polska Kasa Opieki SA (PEO)	$18.37 Billion	13.13%	6.11x	$18.87 Billion
Powszechna Kasa Oszczednosci Bank Polski SA (PKO)	$11.98 Billion	24.24%	8.06x	$39.09 Billion

About mBank SA

WAR:MBK Poland Banks - Regional

Market Cap

$18.84 Billion

zł68.47 Billion PLN

Market Cap Rank

#1314 Global

#5 in Poland

Share Price

zł1610.00

Change (1 day)

-0.59%

52-Week Range

zł936.80 - zł1667.50

All Time High

zł1667.50