PGE Polska Grupa Energetyczna SA (PGE) - Net Assets

Latest as of September 2025: zł39.45 Billion PLN

Based on the latest financial reports, PGE Polska Grupa Energetyczna SA (PGE) has net assets worth zł39.45 Billion PLN as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł95.82 Billion) and total liabilities (zł56.37 Billion). 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.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł39.45 Billion
% of Total Assets	41.18%
Annual Growth Rate	1.52%
5-Year Change	4.66%
10-Year Change	12.65%
Growth Volatility	10.29

PGE Polska Grupa Energetyczna SA - Net Assets Trend (2006–2024)

This chart illustrates how PGE Polska Grupa Energetyczna SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for PGE Polska Grupa Energetyczna SA (2006–2024)

The table below shows the annual net assets of PGE Polska Grupa Energetyczna SA from 2006 to 2024.

Year	Net Assets	Change
2024-12-31	zł45.53 Billion	-4.86%
2023-12-31	zł47.85 Billion	-12.00%
2022-12-31	zł54.38 Billion	+12.62%
2021-12-31	zł48.29 Billion	+11.01%
2020-12-31	zł43.50 Billion	+0.84%
2019-12-31	zł43.14 Billion	-9.76%
2018-12-31	zł47.80 Billion	+3.12%
2017-12-31	zł46.35 Billion	+8.36%
2016-12-31	zł42.77 Billion	+5.83%
2015-12-31	zł40.42 Billion	-9.95%
2014-12-31	zł44.88 Billion	+2.83%
2013-12-31	zł43.65 Billion	+7.32%
2012-12-31	zł40.67 Billion	-1.22%
2011-12-31	zł41.17 Billion	+9.26%
2010-12-31	zł37.68 Billion	-3.00%
2009-12-31	zł38.85 Billion	+28.75%
2008-12-31	zł30.18 Billion	+2.57%
2007-12-31	zł29.42 Billion	-15.26%
2006-12-31	zł34.72 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to PGE Polska Grupa Energetyczna 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 67.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	zł3.58 Billion	8.04%
Common Stock	zł19.18 Billion	43.14%
Other Comprehensive Income	zł21.71 Billion	48.82%
Total Equity	zł44.47 Billion	100.00%

PGE Polska Grupa Energetyczna SA Competitors by Market Cap

The table below lists competitors of PGE Polska Grupa Energetyczna SA ranked by their market capitalization.

Company	Market Cap
Innolux Corp TW:3481	$6.51 Billion
South Bow Corporation NYSE:SOBO	$6.51 Billion
Zhuzhou CRRC Times Electric Co Ltd SHG:688187	$6.52 Billion
MEBUKI FINANCIAL GROUP F:5EE	$6.52 Billion
Shenzhen Fastprint Circuit Tech Co Ltd SHE:002436	$6.50 Billion
Covivio SA PA:COV	$6.50 Billion
Infore Environment Technology Group Co Ltd SHE:000967	$6.49 Billion
ONO PHARMACEUT. F:ON4	$6.48 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 46,874,000,000 to 44,471,000,000, a change of -2,403,000,000 (-5.1%).
Net loss of 3,163,000,000 reduced equity.
Other comprehensive income increased equity by 22,806,000,000.
Other factors decreased equity by 22,046,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	zł-3.16 Billion	-7.11%
Other Comprehensive Income	zł22.81 Billion	+51.28%
Other Changes	zł-22.05 Billion	-49.57%
Total Change	zł-	-5.13%

Book Value vs Market Value Analysis

This analysis compares PGE Polska Grupa Energetyczna 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: 0.53x
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 decreased from 0.67x to 0.53x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	zł15.78	zł10.55	x
2007-12-31	zł12.28	zł10.55	x
2008-12-31	zł13.18	zł10.55	x
2009-12-31	zł20.59	zł10.55	x
2010-12-31	zł17.43	zł10.55	x
2011-12-31	zł21.80	zł10.55	x
2012-12-31	zł21.60	zł10.55	x
2013-12-31	zł23.20	zł10.55	x
2014-12-31	zł23.94	zł10.55	x
2015-12-31	zł21.56	zł10.55	x
2016-12-31	zł22.83	zł10.55	x
2017-12-31	zł24.17	zł10.55	x
2018-12-31	zł24.99	zł10.55	x
2019-12-31	zł22.62	zł10.55	x
2020-12-31	zł22.74	zł10.55	x
2021-12-31	zł25.40	zł10.55	x
2022-12-31	zł25.14	zł10.55	x
2023-12-31	zł20.89	zł10.55	x
2024-12-31	zł19.82	zł10.55	x

Capital Efficiency Dashboard

This dashboard shows how efficiently PGE Polska Grupa Energetyczna 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): -7.11%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -4.91%
• Asset Turnover: 0.62x
• Equity Multiplier: 2.34x
Recent ROE (-7.11%) is below the historical average (4.92%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	6.31%	7.08%	0.44x	2.01x	zł-1.01 Billion
2007	18.67%	17.13%	0.51x	2.13x	zł1.84 Billion
2008	11.71%	12.96%	0.44x	2.07x	zł389.28 Million
2009	13.92%	20.06%	0.40x	1.75x	zł1.22 Billion
2010	9.78%	17.71%	0.40x	1.39x	zł-81.31 Million
2011	12.11%	17.56%	0.48x	1.44x	zł860.21 Million
2012	7.95%	10.51%	0.52x	1.44x	zł-827.16 Million
2013	9.49%	13.66%	0.50x	1.40x	zł-219.72 Million
2014	8.13%	12.93%	0.43x	1.48x	zł-838.80 Million
2015	-7.52%	-10.62%	0.47x	1.52x	zł-7.06 Billion
2016	6.02%	9.14%	0.42x	1.58x	zł-1.70 Billion
2017	5.89%	11.52%	0.32x	1.60x	zł-1.86 Billion
2018	3.21%	5.77%	0.34x	1.62x	zł-3.17 Billion
2019	-9.29%	-10.44%	0.48x	1.84x	zł-8.16 Billion
2020	0.26%	0.24%	0.56x	1.92x	zł-4.14 Billion
2021	8.36%	7.53%	0.59x	1.87x	zł-777.40 Million
2022	6.22%	4.53%	0.69x	1.98x	zł-2.03 Billion
2023	-10.69%	-5.22%	0.85x	2.42x	zł-9.70 Billion
2024	-7.11%	-4.91%	0.62x	2.34x	zł-7.61 Billion

Industry Comparison

This section compares PGE Polska Grupa Energetyczna SA's net assets metrics with peer companies in the Utilities - Regulated Electric industry.

Industry Context

Industry: Utilities - Regulated Electric
Average net assets among peers: $33,238,823,069
Average return on equity (ROE) among peers: 7.52%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
PGE Polska Grupa Energetyczna SA (PGE)	zł39.45 Billion	6.31%	1.43x	$6.51 Billion
Elektrocieplownia Bedzin (BDZ)	$169.69 Million	8.45%	3.19x	$32.36 Million
CEZ as (CEZ)	$174.28 Billion	10.12%	0.57x	$30.43 Billion
EuroHold Bulgaria AD (EHG)	$188.42 Million	4.49%	2.75x	$280.95 Million
Enea S.A. (ENA)	$15.48 Billion	2.73%	1.12x	$3.44 Billion
Energa S.A. (ENG)	$7.89 Billion	8.42%	0.74x	$2.15 Billion
Kogeneracja SA (KGN)	$1.43 Billion	10.94%	0.60x	$307.14 Million

About PGE Polska Grupa Energetyczna SA

WAR:PGE Poland Utilities - Regulated Electric

Market Cap

$6.51 Billion

zł23.66 Billion PLN

Market Cap Rank

#2859 Global

#20 in Poland

Share Price

zł10.55

Change (1 day)

-1.95%

52-Week Range

zł7.64 - zł12.65

All Time High

zł15.17