PNE AG (PNE3) - Net Assets

Latest as of September 2025: €160.10 Million EUR ≈ $187.17 Million USD

Based on the latest financial reports, PNE AG (PNE3) has net assets worth €160.10 Million EUR (≈ $187.17 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.29 Billion ≈ $1.51 Billion USD) and total liabilities (€1.13 Billion ≈ $1.32 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 PNE AG tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€160.10 Million
% of Total Assets	12.4%
Annual Growth Rate	N/A
5-Year Change	-2.92%
10-Year Change	17.34%
Growth Volatility	1269.74

PNE AG - Net Assets Trend (1998–2024)

This chart illustrates how PNE AG's net assets have evolved over time, based on quarterly financial data. See PNE3 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for PNE AG (1998–2024)

The table below shows the annual net assets of PNE AG from 1998 to 2024. For live valuation and market cap data, see PNE AG market capitalisation.

Year	Net Assets	Change
2024-12-31	€194.70 Million ≈ $227.62 Million	-6.46%
2023-12-31	€208.15 Million ≈ $243.34 Million	-10.34%
2022-12-31	€232.16 Million ≈ $271.42 Million	+4.67%
2021-12-31	€221.79 Million ≈ $259.30 Million	+10.59%
2020-12-31	€200.56 Million ≈ $234.48 Million	-8.84%
2019-12-31	€220.01 Million ≈ $257.22 Million	+1.73%
2018-12-31	€216.27 Million ≈ $252.85 Million	-8.05%
2017-12-31	€235.22 Million ≈ $275.00 Million	+2.54%
2016-12-31	€229.39 Million ≈ $268.18 Million	+38.25%
2015-12-31	€165.93 Million ≈ $193.99 Million	+3.58%
2014-12-31	€160.19 Million ≈ $187.28 Million	+6.36%
2013-12-31	€150.61 Million ≈ $176.08 Million	+73.92%
2012-12-31	€86.59 Million ≈ $101.24 Million	+15.92%
2011-12-31	€74.70 Million ≈ $87.33 Million	-8.55%
2010-12-31	€81.69 Million ≈ $95.50 Million	+15.86%
2009-12-31	€70.51 Million ≈ $82.43 Million	+29.04%
2008-12-31	€54.64 Million ≈ $63.88 Million	+38.37%
2007-12-31	€39.49 Million ≈ $46.17 Million	+167.64%
2006-12-31	€14.75 Million ≈ $17.25 Million	+523.97%
2005-12-31	€-3.48 Million ≈ $-4.07 Million	-116.34%
2004-12-31	€21.29 Million ≈ $24.89 Million	-88.43%
2003-12-31	€183.98 Million ≈ $215.09 Million	+9.62%
2002-12-31	€167.84 Million ≈ $196.22 Million	+6153.94%
2000-12-31	€2.68 Million ≈ $3.14 Million	+1294.01%
1999-12-31	€192.51K ≈ $225.07K	+134.00%
1998-12-31	€-566.28K ≈ $-662.04K	--

Equity Component Analysis

This analysis shows how different components contribute to PNE 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 4984945000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	€45.50 Million	23.04%
Common Stock	€76.60 Million	38.78%
Other Comprehensive Income	€-10.90 Million	-5.52%
Other Components	€86.30 Million	43.70%
Total Equity	€197.50 Million	100.00%

PNE AG Competitors by Market Cap

The table below lists competitors of PNE AG ranked by their market capitalization.

Company	Market Cap
Talkspace Inc NASDAQ:TALK	$649.77 Million
SEC Electric Mach Co Ltd SHG:603988	$649.80 Million
Diagnósticos da América S.A SA:DASA3	$649.86 Million
Guizhou Chitianhua Co Ltd SHG:600227	$649.91 Million
TVS Supply Chain Solutions Limited NSE:TVSSCS	$649.46 Million
BEH Property Co Ltd SHG:600791	$649.45 Million
Gem-Year Industrial Co Ltd SHG:601002	$649.44 Million
Calian Technologies Ltd TO:CGY	$649.40 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in PNE AG's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 211,568,000 to 197,500,000, a change of -14,068,000 (-6.6%).
Net loss of 13,400,000 reduced equity.
Dividend payments of 6,100,000 reduced retained earnings.
Share repurchases of 3,600,000 reduced equity.
New share issuances of 3,600,000 increased equity.
Other comprehensive income increased equity by 2,015,000.
Other factors increased equity by 3,417,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€-13.40 Million	-6.78%
Dividends Paid	€6.10 Million	-3.09%
Share Repurchases	€3.60 Million	-1.82%
Share Issuances	€3.60 Million	+1.82%
Other Comprehensive Income	€2.02 Million	+1.02%
Other Changes	€3.42 Million	+1.73%
Total Change	€-	-6.65%

Book Value vs Market Value Analysis

This analysis compares PNE 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: 4.18x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 0.89x to 4.18x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	€12.10	€10.78	x
2003-12-31	€10.53	€10.78	x
2004-12-31	€1.32	€10.78	x
2005-12-31	€-0.17	€10.78	x
2006-12-31	€0.38	€10.78	x
2007-12-31	€0.85	€10.78	x
2008-12-31	€1.15	€10.78	x
2009-12-31	€1.61	€10.78	x
2010-12-31	€1.51	€10.78	x
2011-12-31	€1.63	€10.78	x
2012-12-31	€1.52	€10.78	x
2013-12-31	€2.82	€10.78	x
2014-12-31	€2.73	€10.78	x
2015-12-31	€2.20	€10.78	x
2016-12-31	€2.99	€10.78	x
2017-12-31	€3.09	€10.78	x
2018-12-31	€2.93	€10.78	x
2019-12-31	€3.12	€10.78	x
2020-12-31	€2.72	€10.78	x
2021-12-31	€3.00	€10.78	x
2022-12-31	€3.11	€10.78	x
2023-12-31	€2.77	€10.78	x
2024-12-31	€2.58	€10.78	x

Capital Efficiency Dashboard

This dashboard shows how efficiently PNE 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): -6.78%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -6.37%
• Asset Turnover: 0.17x
• Equity Multiplier: 6.40x
Recent ROE (-6.78%) is above the historical average (-9.68%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1998	0.00%	-331.91%	0.28x	0.00x	€-561.16K
1999	214.44%	21.55%	1.38x	7.24x	€393.58K
2000	46.24%	18.43%	0.59x	4.27x	€972.57K
2002	6.61%	4.21%	0.61x	2.58x	€-5.69 Million
2003	-5.17%	-12.25%	0.19x	2.17x	€-27.92 Million
2004	-663.48%	-239.33%	0.38x	7.20x	€-144.38 Million
2005	0.00%	-4.01%	0.57x	0.00x	€-2.38 Million
2007	28.10%	22.14%	0.39x	3.24x	€7.15 Million
2008	31.20%	22.85%	0.28x	4.86x	€11.59 Million
2009	14.33%	7.36%	0.78x	2.50x	€3.05 Million
2010	9.58%	12.04%	0.33x	2.43x	€-347.50K
2011	-5.12%	-8.06%	0.25x	2.51x	€-11.58 Million
2012	18.95%	20.12%	0.46x	2.04x	€8.02 Million
2013	25.93%	26.09%	0.33x	3.00x	€23.09 Million
2014	-8.11%	-6.15%	0.51x	2.60x	€-29.01 Million
2015	2.06%	3.17%	0.22x	2.89x	€-13.43 Million
2016	29.38%	39.04%	0.41x	1.84x	€45.49 Million
2017	7.03%	14.97%	0.23x	2.03x	€-7.21 Million
2018	-0.45%	-1.14%	0.20x	1.97x	€-24.07 Million
2019	-0.33%	-0.58%	0.23x	2.43x	€-24.09 Million
2020	0.78%	1.48%	0.17x	3.20x	€-19.14 Million
2021	10.96%	21.34%	0.14x	3.61x	€2.21 Million
2022	6.27%	11.81%	0.14x	3.87x	€-8.87 Million
2023	-4.54%	-7.90%	0.11x	5.21x	€-30.76 Million
2024	-6.78%	-6.37%	0.17x	6.40x	€-33.15 Million

Industry Comparison

This section compares PNE AG's net assets metrics with peer companies in the Utilities - Renewable industry.

Industry Context

Industry: Utilities - Renewable
Average net assets among peers: $18,611,151,995
Average return on equity (ROE) among peers: 6.72%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
PNE AG (PNE3)	€160.10 Million	0.00%	7.07x	$649.60 Million
KIBO ENERGY PLC EO -001 (1I8)	$-2.14 Million	0.00%	0.00x	$7.36 Million
ZH.JIN.ENV.HLDG DL-00001 (3UG)	$7.17 Billion	3.93%	2.06x	$510.55 Million
ALTEO ENERG.NYIL M.UF125 (54O)	$26.69 Billion	48.29%	2.75x	$209.92 Million
China Longyuan Power Group Corporation Limited (6WX)	$53.30 Billion	7.22%	1.73x	$2.19 Billion
CN LGY.PWR.GR.UNSP.ADR/10 (6WX0)	$88.73 Billion	5.10%	1.99x	$2.58 Billion
Engie Brasil Energia S.A (7TE1)	$6.32 Billion	36.62%	2.76x	$6.68 Billion
SICHUAN ENG.INV.DEV.H YC1 (84H)	$3.83 Billion	7.48%	0.99x	$200.68 Million
Clearwise AG (ABO)	$43.18 Million	-56.67%	4.15x	$95.32 Million
REDELFI SPA (B0Z)	$12.30 Million	18.22%	1.06x	$128.64 Million
Carnegie Clean Energy Limited (CNM1)	$21.22 Million	-2.97%	0.06x	$12.72 Million

About PNE AG

XETRA:PNE3 Germany Utilities - Renewable

Market Cap

$965.43 Million

€825.78 Million EUR

Market Cap Rank

#11105 Global

#1265 in Germany

Share Price

€10.78

Change (1 day)

+2.67%

52-Week Range

€7.62 - €15.40

All Time High

€23.97