PGE Polska Grupa Energetyczna SA (PGE) - Net Assets
Based on the latest financial reports, PGE Polska Grupa Energetyczna SA (PGE) has net assets worth zł42.98 Billion PLN (≈ $11.83 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 (zł105.37 Billion ≈ $29.00 Billion USD) and total liabilities (zł62.38 Billion ≈ $17.17 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 PGE Polska Grupa Energetyczna SA (PGE) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł42.98 Billion |
| % of Total Assets | 40.8% |
| Annual Growth Rate | 1.13% |
| 5-Year Change | -10.99% |
| 10-Year Change | 0.49% |
| Growth Volatility | 10.16 |
PGE Polska Grupa Energetyczna SA - Net Assets Trend (2006–2025)
This chart illustrates how PGE Polska Grupa Energetyczna SA's net assets have evolved over time, based on quarterly financial data. See PGE defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for PGE Polska Grupa Energetyczna SA (2006–2025)
The table below shows the annual net assets of PGE Polska Grupa Energetyczna SA from 2006 to 2025. For live valuation and market cap data, see PGE Polska Grupa Energetyczna SA stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł42.98 Billion ≈ $11.83 Billion |
-5.59% |
| 2024-12-31 | zł45.53 Billion ≈ $12.53 Billion |
-4.86% |
| 2023-12-31 | zł47.85 Billion ≈ $13.17 Billion |
-12.00% |
| 2022-12-31 | zł54.38 Billion ≈ $14.97 Billion |
+12.62% |
| 2021-12-31 | zł48.29 Billion ≈ $13.29 Billion |
+11.01% |
| 2020-12-31 | zł43.50 Billion ≈ $11.97 Billion |
+0.84% |
| 2019-12-31 | zł43.14 Billion ≈ $11.87 Billion |
-9.76% |
| 2018-12-31 | zł47.80 Billion ≈ $13.16 Billion |
+3.12% |
| 2017-12-31 | zł46.35 Billion ≈ $12.76 Billion |
+8.36% |
| 2016-12-31 | zł42.77 Billion ≈ $11.77 Billion |
+5.83% |
| 2015-12-31 | zł40.42 Billion ≈ $11.12 Billion |
-9.95% |
| 2014-12-31 | zł44.88 Billion ≈ $12.35 Billion |
+2.83% |
| 2013-12-31 | zł43.65 Billion ≈ $12.01 Billion |
+7.32% |
| 2012-12-31 | zł40.67 Billion ≈ $11.19 Billion |
-1.22% |
| 2011-12-31 | zł41.17 Billion ≈ $11.33 Billion |
+9.26% |
| 2010-12-31 | zł37.68 Billion ≈ $10.37 Billion |
-3.00% |
| 2009-12-31 | zł38.85 Billion ≈ $10.69 Billion |
+28.75% |
| 2008-12-31 | zł30.18 Billion ≈ $8.30 Billion |
+2.57% |
| 2007-12-31 | zł29.42 Billion ≈ $8.10 Billion |
-15.26% |
| 2006-12-31 | zł34.72 Billion ≈ $9.55 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 136.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | zł45.86 Billion | 109.65% |
| Total Equity | zł41.82 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 |
|---|---|
|
Tencent Music Entertainment Group
NYSE:TME
|
$6.48 Billion |
|
Halyk Bank of Kazakhstan Joint Stock Company
IL:HSBK
|
$6.48 Billion |
|
Mycronic publ AB
ST:MYCR
|
$6.48 Billion |
|
Technip Energies BV
PA:TE
|
$6.48 Billion |
|
Janus Henderson Group PLC
F:HDJA
|
$6.47 Billion |
|
JAPAN AIRL.ADR 1/2 YN 50
F:JALA
|
$6.47 Billion |
|
ASX Ltd
AU:ASX
|
$6.47 Billion |
|
Walsin Technology Corp
TW:2492
|
$6.46 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 2024 to 2025, total equity changed from 44,471,000,000 to 41,823,000,000, a change of -2,648,000,000 (-6.0%).
- Net loss of 3,497,000,000 reduced equity.
- Other comprehensive income decreased equity by 21,710,000,000.
- Other factors increased equity by 22,559,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-3.50 Billion | -8.36% |
| Other Comprehensive Income | zł-21.71 Billion | -51.91% |
| Other Changes | zł22.56 Billion | +53.94% |
| Total Change | zł- | -5.95% |
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: 0.56x
- 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 decreased from 0.66x to 0.56x 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 | zł10.49 | x |
| 2007-12-31 | zł12.28 | zł10.49 | x |
| 2008-12-31 | zł13.18 | zł10.49 | x |
| 2009-12-31 | zł20.59 | zł10.49 | x |
| 2010-12-31 | zł17.43 | zł10.49 | x |
| 2011-12-31 | zł21.80 | zł10.49 | x |
| 2012-12-31 | zł21.60 | zł10.49 | x |
| 2013-12-31 | zł23.20 | zł10.49 | x |
| 2014-12-31 | zł23.94 | zł10.49 | x |
| 2015-12-31 | zł21.56 | zł10.49 | x |
| 2016-12-31 | zł22.83 | zł10.49 | x |
| 2017-12-31 | zł24.17 | zł10.49 | x |
| 2018-12-31 | zł24.99 | zł10.49 | x |
| 2019-12-31 | zł22.62 | zł10.49 | x |
| 2020-12-31 | zł22.74 | zł10.49 | x |
| 2021-12-31 | zł25.40 | zł10.49 | x |
| 2022-12-31 | zł25.14 | zł10.49 | x |
| 2023-12-31 | zł20.89 | zł10.49 | x |
| 2024-12-31 | zł19.82 | zł10.49 | x |
| 2025-12-31 | zł18.64 | zł10.49 | 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): -8.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.69%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 2.52x
- Recent ROE (-8.36%) is below the historical average (4.25%), 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 |
| 2025 | -8.36% | -5.69% | 0.58x | 2.52x | zł-7.68 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: $5,774,696,600
- Average return on equity (ROE) among peers: -35.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PGE Polska Grupa Energetyczna SA (PGE) | zł42.98 Billion | 6.31% | 1.45x | $6.47 Billion |
| Elektrocieplownia Bedzin (BDZ) | $56.18 Million | -202.36% | 7.28x | $32.36 Million |
| EuroHold Bulgaria AD (EHG) | $243.82 Million | -0.69% | 2.28x | $301.02 Million |
| Enea S.A. (ENA) | $17.74 Billion | 10.24% | 1.25x | $3.01 Billion |
| Energa S.A. (ENG) | $9.46 Billion | 8.17% | 1.22x | $2.15 Billion |
| Kogeneracja SA (KGN) | $1.37 Billion | 9.15% | 0.65x | $323.13 Million |
About PGE Polska Grupa Energetyczna SA
PGE Polska Grupa Energetyczna S.A. engages in the production and distribution of electricity and heat in Poland. It operates through Renewables, Gas-fired Generation, Coal Energy, District Heating, Distribution, Railway Energy Services, Supply, and Other Activities segments. The Renewables segment engages in generation of electricity in pumped-storage power plants and from renewable sources. Its … Read more