Polski Koncern Naftowy ORLEN SA (PKN) - Net Assets

Latest as of September 2025: zł149.03 Billion PLN

Based on the latest financial reports, Polski Koncern Naftowy ORLEN SA (PKN) has net assets worth zł149.03 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 (zł260.23 Billion) and total liabilities (zł111.20 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	zł149.03 Billion
% of Total Assets	57.27%
Annual Growth Rate	12.86%
5-Year Change	261.65%
10-Year Change	532.16%
Growth Volatility	35.62

Polski Koncern Naftowy ORLEN SA - Net Assets Trend (2004–2024)

This chart illustrates how Polski Koncern Naftowy ORLEN 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 Polski Koncern Naftowy ORLEN SA (2004–2024)

The table below shows the annual net assets of Polski Koncern Naftowy ORLEN SA from 2004 to 2024.

Year	Net Assets	Change
2024-12-31	zł153.26 Billion	+0.05%
2023-12-31	zł153.18 Billion	+11.84%
2022-12-31	zł136.96 Billion	+160.49%
2021-12-31	zł52.58 Billion	+24.07%
2020-12-31	zł42.38 Billion	+9.77%
2019-12-31	zł38.61 Billion	+8.02%
2018-12-31	zł35.74 Billion	+1.50%
2017-12-31	zł35.21 Billion	+20.24%
2016-12-31	zł29.29 Billion	+20.79%
2015-12-31	zł24.24 Billion	+18.92%
2014-12-31	zł20.39 Billion	-26.01%
2013-12-31	zł27.55 Billion	-2.67%
2012-12-31	zł28.31 Billion	+5.63%
2011-12-31	zł26.80 Billion	+10.56%
2010-12-31	zł24.24 Billion	+11.67%
2009-12-31	zł21.71 Billion	+5.73%
2008-12-31	zł20.53 Billion	-9.04%
2007-12-31	zł22.57 Billion	+4.59%
2006-12-31	zł21.58 Billion	+11.75%
2005-12-31	zł19.31 Billion	+41.68%
2004-12-31	zł13.63 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Polski Koncern Naftowy ORLEN 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 2290.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	zł103.53 Billion	68.01%
Common Stock	zł1.97 Billion	1.30%
Other Comprehensive Income	zł303.00 Million	0.20%
Other Components	zł46.41 Billion	30.49%
Total Equity	zł152.21 Billion	100.00%

Polski Koncern Naftowy ORLEN SA Competitors by Market Cap

The table below lists competitors of Polski Koncern Naftowy ORLEN SA ranked by their market capitalization.

Company	Market Cap
Alcon AG NYSE:ALC	$39.64 Billion
Deutsche Börse AG XETRA:DB1	$39.66 Billion
CITIC Limited F:CPF	$39.78 Billion
Swedbank AB (publ) ST:SWED-A	$39.93 Billion
Endesa SA MC:ELE	$39.62 Billion
eBay Inc NASDAQ:EBAY	$39.55 Billion
Orlen S.A. PR:PKN	$39.54 Billion
Roblox Corp NYSE:RBLX	$39.51 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 152,082,000,000 to 152,214,000,000, a change of 132,000,000 (0.1%).
Net income of 1,469,000,000 contributed positively to equity growth.
Dividend payments of 4,819,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 3,284,000,000.
Other factors increased equity by 6,766,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	zł1.47 Billion	+0.97%
Dividends Paid	zł4.82 Billion	-3.17%
Other Comprehensive Income	zł-3.28 Billion	-2.16%
Other Changes	zł6.77 Billion	+4.45%
Total Change	zł-	0.09%

Book Value vs Market Value Analysis

This analysis compares Polski Koncern Naftowy ORLEN 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: 0.95x
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 4.02x to 0.95x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	zł30.84	zł124.02	x
2005-12-31	zł38.98	zł124.02	x
2006-12-31	zł44.07	zł124.02	x
2007-12-31	zł46.61	zł124.02	x
2008-12-31	zł41.65	zł124.02	x
2009-12-31	zł44.51	zł124.02	x
2010-12-31	zł50.57	zł124.02	x
2011-12-31	zł57.36	zł124.02	x
2012-12-31	zł61.91	zł124.02	x
2013-12-31	zł60.67	zł124.02	x
2014-12-31	zł43.89	zł124.02	x
2015-12-31	zł51.84	zł124.02	x
2016-12-31	zł62.57	zł124.02	x
2017-12-31	zł75.28	zł124.02	x
2018-12-31	zł83.53	zł124.02	x
2019-12-31	zł90.24	zł124.02	x
2020-12-31	zł97.25	zł124.02	x
2021-12-31	zł120.89	zł124.02	x
2022-12-31	zł117.10	zł124.02	x
2023-12-31	zł131.00	zł124.02	x
2024-12-31	zł131.11	zł124.02	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Polski Koncern Naftowy ORLEN 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): 0.97%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.50%
• Asset Turnover: 1.12x
• Equity Multiplier: 1.73x
Recent ROE (0.97%) is below the historical average (10.12%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	18.82%	8.09%	1.47x	1.58x	zł1.16 Billion
2005	27.46%	11.12%	1.23x	2.00x	zł2.91 Billion
2006	10.54%	3.76%	1.16x	2.41x	zł100.87 Million
2007	12.10%	3.78%	1.38x	2.31x	zł418.88 Million
2008	-14.06%	-3.15%	1.69x	2.64x	zł-4.29 Billion
2009	6.87%	1.93%	1.38x	2.58x	zł-595.27 Million
2010	10.96%	2.84%	1.63x	2.36x	zł208.56 Million
2011	9.63%	2.21%	1.82x	2.39x	zł-89.98 Million
2012	8.85%	1.95%	2.28x	1.99x	zł-303.32 Million
2013	0.68%	0.15%	2.20x	1.99x	zł-2.42 Billion
2014	-30.96%	-5.44%	2.29x	2.49x	zł-7.69 Billion
2015	12.79%	3.21%	1.84x	2.17x	zł619.70 Million
2016	19.66%	6.61%	1.43x	2.08x	zł2.58 Billion
2017	20.67%	6.98%	1.57x	1.88x	zł3.44 Billion
2018	15.55%	5.06%	1.71x	1.80x	zł1.98 Billion
2019	11.14%	3.87%	1.56x	1.84x	zł440.40 Million
2020	6.62%	3.20%	1.03x	2.02x	zł-1.40 Billion
2021	21.51%	8.47%	1.23x	2.06x	zł5.95 Billion
2022	29.19%	14.29%	1.02x	2.00x	zł26.08 Billion
2023	13.60%	5.55%	1.41x	1.74x	zł5.47 Billion
2024	0.97%	0.50%	1.12x	1.73x	zł-13.75 Billion

Industry Comparison

This section compares Polski Koncern Naftowy ORLEN SA's net assets metrics with peer companies in the Oil & Gas Integrated industry.

No peer company data available for comparison.

About Polski Koncern Naftowy ORLEN SA

WAR:PKN Poland Oil & Gas Integrated

Market Cap

$39.63 Billion

zł143.98 Billion PLN

Market Cap Rank

#604 Global

#2 in Poland

Share Price

zł124.02

Change (1 day)

-4.34%

52-Week Range

zł65.98 - zł136.04

All Time High

zł136.04