EnBW Energie Baden-Württemberg AG (EBK) - Net Assets

Latest as of September 2025: €21.63 Billion EUR ≈ $25.28 Billion USD

Based on the latest financial reports, EnBW Energie Baden-Württemberg AG (EBK) has net assets worth €21.63 Billion EUR (≈ $25.28 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€66.78 Billion ≈ $78.07 Billion USD) and total liabilities (€45.15 Billion ≈ $52.79 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 EnBW Energie Baden-Württemberg AG liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€21.63 Billion
% of Total Assets	32.38%
Annual Growth Rate	9.54%
5-Year Change	128.71%
10-Year Change	249.11%
Growth Volatility	28.86

EnBW Energie Baden-Württemberg AG - Net Assets Trend (2002–2024)

This chart illustrates how EnBW Energie Baden-Württemberg AG's net assets have evolved over time, based on quarterly financial data. Also explore EnBW Energie Baden-Württemberg AG balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for EnBW Energie Baden-Württemberg AG (2002–2024)

The table below shows the annual net assets of EnBW Energie Baden-Württemberg AG from 2002 to 2024. For live valuation and market cap data, see market cap of EnBW Energie Baden-Württemberg AG.

Year	Net Assets	Change
2024-12-31	€17.77 Billion ≈ $20.77 Billion	+12.08%
2023-12-31	€15.85 Billion ≈ $18.53 Billion	+24.15%
2022-12-31	€12.77 Billion ≈ $14.93 Billion	+50.24%
2021-12-31	€8.50 Billion ≈ $9.94 Billion	+9.40%
2020-12-31	€7.77 Billion ≈ $9.08 Billion	+4.35%
2019-12-31	€7.45 Billion ≈ $8.70 Billion	+18.68%
2018-12-31	€6.27 Billion ≈ $7.33 Billion	+7.00%
2017-12-31	€5.86 Billion ≈ $6.85 Billion	+82.29%
2016-12-31	€3.22 Billion ≈ $3.76 Billion	-36.81%
2015-12-31	€5.09 Billion ≈ $5.95 Billion	+11.97%
2014-12-31	€4.55 Billion ≈ $5.31 Billion	-25.27%
2013-12-31	€6.08 Billion ≈ $7.11 Billion	-15.32%
2012-12-31	€7.18 Billion ≈ $8.40 Billion	+17.12%
2011-12-31	€6.13 Billion ≈ $7.17 Billion	-19.49%
2010-12-31	€7.62 Billion ≈ $8.91 Billion	+18.89%
2009-12-31	€6.41 Billion ≈ $7.49 Billion	+14.77%
2008-12-31	€5.58 Billion ≈ $6.53 Billion	-6.97%
2007-12-31	€6.00 Billion ≈ $7.02 Billion	+36.36%
2006-12-31	€4.40 Billion ≈ $5.15 Billion	+32.90%
2005-12-31	€3.31 Billion ≈ $3.87 Billion	+41.06%
2004-12-31	€2.35 Billion ≈ $2.74 Billion	+52.05%
2003-12-31	€1.54 Billion ≈ $1.81 Billion	-35.44%
2002-12-31	€2.39 Billion ≈ $2.80 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to EnBW Energie Baden-Württemberg AG'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 970210000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	€9.40 Billion	91.87%
Common Stock	€708.10 Million	6.92%
Other Comprehensive Income	€-445.40 Million	-4.35%
Other Components	€569.70 Million	5.57%
Total Equity	€10.23 Billion	100.00%

EnBW Energie Baden-Württemberg AG Competitors by Market Cap

The table below lists competitors of EnBW Energie Baden-Württemberg AG ranked by their market capitalization.

Company	Market Cap
Yihai Kerry Arawana Holdings Co Ltd SHE:300999	$22.64 Billion
Dow Inc NYSE:DOW	$22.66 Billion
China Satellite Communications Co Ltd SHG:601698	$22.67 Billion
Zomato Limited NSE:ZOMATO	$22.68 Billion
A.P. Møller - Mærsk A/S CO:MAERSK-A	$22.56 Billion
Aluminum Corp of China Ltd SHG:601600	$22.52 Billion
Centrais Elétricas Brasileiras S.A. - Eletrobrás F:L3XB	$22.48 Billion
Centrais Elétricas Brasileiras S.A. - Eletrobrás F:L3XC	$22.47 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in EnBW Energie Baden-Württemberg AG's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 9,308,700,000 to 10,232,900,000, a change of 924,200,000 (9.9%).
Net income of 1,243,700,000 contributed positively to equity growth.
Dividend payments of 637,200,000 reduced retained earnings.
Other comprehensive income increased equity by 82,300,000.
Other factors increased equity by 235,400,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€1.24 Billion	+12.15%
Dividends Paid	€637.20 Million	-6.23%
Other Comprehensive Income	€82.30 Million	+0.8%
Other Changes	€235.40 Million	+2.3%
Total Change	€-	9.93%

Book Value vs Market Value Analysis

This analysis compares EnBW Energie Baden-Württemberg AG'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: 1.82x
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 7.90x to 1.82x 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	€8.71	€68.80	x
2003-12-31	€4.14	€68.80	x
2004-12-31	€4.32	€68.80	x
2005-12-31	€10.61	€68.80	x
2006-12-31	€14.12	€68.80	x
2007-12-31	€20.54	€68.80	x
2008-12-31	€16.17	€68.80	x
2009-12-31	€21.67	€68.80	x
2010-12-31	€26.37	€68.80	x
2011-12-31	€19.93	€68.80	x
2012-12-31	€23.04	€68.80	x
2013-12-31	€17.96	€68.80	x
2014-12-31	€12.70	€68.80	x
2015-12-31	€11.95	€68.80	x
2016-12-31	€4.86	€68.80	x
2017-12-31	€13.10	€68.80	x
2018-12-31	€14.69	€68.80	x
2019-12-31	€14.57	€68.80	x
2020-12-31	€14.43	€68.80	x
2021-12-31	€17.16	€68.80	x
2022-12-31	€33.09	€68.80	x
2023-12-31	€34.37	€68.80	x
2024-12-31	€37.78	€68.80	x

Capital Efficiency Dashboard

This dashboard shows how efficiently EnBW Energie Baden-Württemberg AG 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): 12.15%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.60%
• Asset Turnover: 0.54x
• Equity Multiplier: 6.28x
Recent ROE (12.15%) is above the historical average (1.99%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	-1.52%	-0.37%	0.35x	11.80x	€-235.35 Million
2003	-128.25%	-11.15%	0.42x	27.35x	€-1.27 Billion
2004	36.22%	3.63%	0.41x	24.42x	€258.93 Million
2005	20.26%	4.84%	0.43x	9.76x	€264.14 Million
2006	28.90%	7.59%	0.47x	8.09x	€656.20 Million
2007	27.00%	9.27%	0.52x	5.63x	€858.96 Million
2008	22.65%	5.52%	0.50x	8.28x	€502.95 Million
2009	15.47%	5.30%	0.45x	6.51x	€291.42 Million
2010	17.97%	6.66%	0.50x	5.43x	€516.98 Million
2011	-17.82%	-4.62%	0.52x	7.36x	€-1.35 Billion
2012	7.99%	2.46%	0.52x	6.20x	€-119.34 Million
2013	1.05%	0.25%	0.57x	7.43x	€-435.53 Million
2014	-13.10%	-2.15%	0.55x	11.14x	€-794.71 Million
2015	3.86%	0.59%	0.55x	11.79x	€-198.65 Million
2016	-136.39%	-9.28%	0.50x	29.24x	€-1.93 Billion
2017	57.90%	9.35%	0.57x	10.93x	€1.70 Billion
2018	8.40%	1.62%	0.52x	9.96x	€-63.59 Million
2019	18.60%	3.91%	0.43x	10.97x	€339.29 Million
2020	20.67%	4.10%	0.43x	11.76x	€416.84 Million
2021	7.82%	1.13%	0.45x	15.34x	€-101.54 Million
2022	19.39%	3.10%	0.81x	7.75x	€841.70 Million
2023	16.52%	3.46%	0.69x	6.95x	€606.73 Million
2024	12.15%	3.60%	0.54x	6.28x	€220.41 Million

Industry Comparison

This section compares EnBW Energie Baden-Württemberg AG's net assets metrics with peer companies in the Utilities - Diversified industry.

Industry Context

Industry: Utilities - Diversified
Average net assets among peers: $16,771,383,333
Average return on equity (ROE) among peers: -61.25%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
EnBW Energie Baden-Württemberg AG (EBK)	€21.63 Billion	-1.52%	2.09x	$22.58 Billion
Companhia Energética de Minas Gerais (CID)	$12.93 Billion	2.58%	2.25x	$4.63 Billion
CIA EN.GER. ADR 1 (CIDS)	$24.66 Billion	23.38%	1.23x	$3.31 Billion
EDP-ENERG.PORTUG. ADR/10 (EDPA)	$13.98 Billion	4.70%	2.65x	$19.10 Billion
Enel SpA (ENLA)	$47.85 Billion	10.01%	2.46x	$98.17 Billion
E.ON SE (EOAA)	$1.29 Billion	-656.57%	48.49x	$51.50 Billion
E.ON SE (EOAN)	$17.89 Billion	26.22%	5.69x	$52.11 Billion
Lechwerke AG (LEC)	$553.36 Million	21.85%	2.14x	$2.50 Billion
MVV Energie AG (MVV1)	$2.51 Billion	7.28%	2.13x	$2.09 Billion
RWE AG (RWE)	$29.28 Billion	9.28%	3.73x	$38.05 Billion

About EnBW Energie Baden-Württemberg AG

XETRA:EBK Germany Utilities - Diversified

Market Cap

$26.09 Billion

€22.32 Billion EUR

Market Cap Rank

#1131 Global

#258 in Germany

Share Price

€68.80

Change (1 day)

-0.58%

52-Week Range

€65.40 - €73.40

All Time High

€98.96