mBank SA (MBK) - Net Assets

Latest as of December 2025: zł21.41 Billion PLN ≈ $5.89 Billion USD

Based on the latest financial reports, mBank SA (MBK) has net assets worth zł21.41 Billion PLN (≈ $5.89 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł280.25 Billion ≈ $77.13 Billion USD) and total liabilities (zł258.84 Billion ≈ $71.24 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 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł21.41 Billion
% of Total Assets	7.64%
Annual Growth Rate	11.64%
5-Year Change	56.07%
10-Year Change	64.04%
Growth Volatility	15.5

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. Also explore balance sheet size of mBank SA for the complete picture of this company's asset base.

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 valuation and market cap data, see mBank SA (MBK) market capitalisation.

Year	Net Assets	Change
2025-12-31	zł21.41 Billion ≈ $5.89 Billion	+20.50%
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	-16.70%
2020-12-31	zł16.47 Billion ≈ $4.53 Billion	+1.95%
2019-12-31	zł16.15 Billion ≈ $4.45 Billion	+6.16%
2018-12-31	zł15.22 Billion ≈ $4.19 Billion	+6.47%
2017-12-31	zł14.29 Billion ≈ $3.93 Billion	+9.50%
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	+5.63%
2012-12-31	zł9.71 Billion ≈ $2.67 Billion	+20.28%
2011-12-31	zł8.07 Billion ≈ $2.22 Billion	+14.06%
2010-12-31	zł7.08 Billion ≈ $1.95 Billion	+65.70%
2009-12-31	zł4.27 Billion ≈ $1.18 Billion	+9.67%
2008-12-31	zł3.89 Billion ≈ $1.07 Billion	+26.44%
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%
Other Components	zł5.11 Billion	23.87%
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
Investment AB Latour (publ) ST:LATO-B	$13.36 Billion
Argen-X LSE:0QW0	$13.37 Billion
Hasbro Inc NASDAQ:HAS	$13.38 Billion
Unisplendour Corp Ltd SHE:000938	$13.39 Billion
Juniper Networks Inc NYSE:JNPR	$13.36 Billion
ALTEOGEN Inc KQ:196170	$13.36 Billion
Shengyi Electronics Co. Ltd. A SHG:688183	$13.34 Billion
Ovintiv Inc NYSE:OVV	$13.30 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 decreased equity by 1,243,714,000.
Other factors increased equity by 1,342,190,000.

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	zł-1.24 Billion	-5.81%
Other Changes	zł1.34 Billion	+6.27%
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: 2.27x
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 16.55x to 2.27x 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	zł1141.50	x
2003-12-31	zł61.29	zł1141.50	x
2004-12-31	zł81.06	zł1141.50	x
2005-12-31	zł78.76	zł1141.50	x
2006-12-31	zł79.72	zł1141.50	x
2007-12-31	zł104.03	zł1141.50	x
2008-12-31	zł125.95	zł1141.50	x
2009-12-31	zł138.59	zł1141.50	x
2010-12-31	zł188.22	zł1141.50	x
2011-12-31	zł191.03	zł1141.50	x
2012-12-31	zł229.74	zł1141.50	x
2013-12-31	zł242.59	zł1141.50	x
2014-12-31	zł261.56	zł1141.50	x
2015-12-31	zł289.78	zł1141.50	x
2016-12-31	zł308.05	zł1141.50	x
2017-12-31	zł337.70	zł1141.50	x
2018-12-31	zł359.30	zł1141.50	x
2019-12-31	zł381.30	zł1141.50	x
2020-12-31	zł388.57	zł1141.50	x
2021-12-31	zł323.11	zł1141.50	x
2022-12-31	zł299.81	zł1141.50	x
2023-12-31	zł323.02	zł1141.50	x
2024-12-31	zł417.63	zł1141.50	x
2025-12-31	zł503.44	zł1141.50	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: 28.11%
• Asset Turnover: 0.04x
• Equity Multiplier: 13.09x
Recent ROE (16.55%) is above the historical average (5.37%), 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%	-43.69%	0.03x	17.31x	zł-528.82 Million
2003	0.55%	1.29%	0.02x	19.28x	zł-149.66 Million
2004	-13.89%	-20.76%	0.04x	17.57x	zł-444.77 Million
2005	-13.68%	-19.02%	0.04x	16.09x	zł-481.95 Million
2006	13.78%	25.59%	0.03x	15.67x	zł88.89 Million
2007	20.69%	34.37%	0.04x	15.72x	zł329.22 Million
2008	23.77%	32.89%	0.03x	22.04x	zł515.26 Million
2009	3.17%	5.01%	0.03x	19.67x	zł-281.50 Million
2010	9.56%	19.83%	0.04x	13.03x	zł-30.07 Million
2011	14.10%	30.33%	0.04x	12.28x	zł330.10 Million
2012	12.42%	32.82%	0.04x	10.56x	zł234.68 Million
2013	11.79%	32.26%	0.04x	10.19x	zł183.44 Million
2014	11.65%	31.93%	0.03x	10.68x	zł182.34 Million
2015	10.63%	32.90%	0.03x	10.09x	zł77.01 Million
2016	9.36%	28.08%	0.03x	10.27x	zł-83.09 Million
2017	7.64%	23.34%	0.04x	9.20x	zł-337.41 Million
2018	8.65%	27.63%	0.03x	9.58x	zł-204.95 Million
2019	6.26%	18.09%	0.04x	9.83x	zł-604.78 Million
2020	0.63%	1.93%	0.03x	10.45x	zł-1.54 Billion
2021	-8.59%	-18.71%	0.03x	14.55x	zł-2.55 Billion
2022	-5.53%	-8.66%	0.04x	16.51x	zł-1.97 Billion
2023	0.18%	0.24%	0.04x	16.53x	zł-1.35 Billion
2024	12.63%	13.24%	0.07x	13.84x	zł466.55 Million
2025	16.55%	28.11%	0.04x	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: $14,446,736,111
Average return on equity (ROE) among peers: 2.82%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
mBank SA (MBK)	zł21.41 Billion	-23.38%	12.09x	$13.36 Billion
Bank Handlowy w Warszawie SA (BHW)	$5.42 Billion	12.13%	5.64x	$4.11 Billion
BNP Paribas Bank Polska S.A. (BNP)	$11.26 Billion	3.92%	12.45x	$6.02 Billion
Bank Ochrony Środowiska SA (BOS)	$1.48 Billion	4.45%	11.44x	$258.26 Million
Getin Holding SA (GTN)	$654.71 Million	-53.04%	5.60x	$26.06 Million
ING Bank Śląski SA (ING)	$10.48 Billion	11.96%	10.21x	$14.04 Billion
Bank Millennium S.A. (MIL)	$6.44 Billion	8.48%	9.28x	$5.95 Billion
Bank Polska Kasa Opieki SA (PEO)	$23.86 Billion	9.11%	9.50x	$16.35 Billion
Powszechna Kasa Oszczednosci Bank Polski SA (PKO)	$52.37 Billion	17.77%	9.03x	$32.56 Billion
Santander Bank Polska SA (SPL)	$18.05 Billion	10.61%	6.45x	$17.44 Billion

About mBank SA

WAR:MBK Poland Banks - Regional

Market Cap

$13.36 Billion

zł48.54 Billion PLN

Market Cap Rank

#1770 Global

#8 in Poland

Share Price

zł1141.50

Change (1 day)

+0.53%

52-Week Range

zł725.20 - zł1285.00

All Time High

zł1285.00