Mercedes-Benz Group AG (MBG) — Tangible Net Worth Ratio
Mercedes-Benz Group AG (MBG) has a Tangible Net Worth Ratio of 79.0% as of December 2025. This metric is calculated by deducting intangible assets (€19.84 Billion) from net assets (€94.24 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore MBG net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Mercedes-Benz Group AG Tangible Net Worth Ratio (2007–2025)
This chart shows how Mercedes-Benz Group AG's Tangible Net Worth Ratio has changed across 16 annual periods from 2007 to 2025. As of December 2025, the ratio stands at 79.0%, reflecting net assets of €94.24 Billion with intangible assets of €19.84 Billion EUR. For live market cap and overall valuation, see MBG market cap.
Annual Tangible Net Worth Ratio for Mercedes-Benz Group AG (2007–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Mercedes-Benz Group AG from 2007 to 2025, covering 16 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore MBG capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 79.0% | €94.24 Billion | €19.84 Billion | €255.47 Billion | ▼ -1.1 pp |
| 2024 | 80.0% | €93.63 Billion | €18.68 Billion | €265.01 Billion | ▼ -1.8 pp |
| 2023 | 81.8% | €92.82 Billion | €16.85 Billion | €263.02 Billion | ▼ -0.7 pp |
| 2022 | 82.5% | €86.54 Billion | €15.12 Billion | €260.01 Billion | ▲ +2.0 pp |
| 2021 | 80.5% | €73.17 Billion | €14.24 Billion | €259.83 Billion | ▲ +4.9 pp |
| 2020 | 75.6% | €62.25 Billion | €15.18 Billion | €285.74 Billion | ▼ -0.9 pp |
| 2019 | 76.5% | €62.84 Billion | €14.76 Billion | €302.44 Billion | ▼ -2.7 pp |
| 2018 | 79.2% | €66.05 Billion | €13.72 Billion | €281.62 Billion | ▼ -1.4 pp |
| 2017 | 80.7% | €65.31 Billion | €12.62 Billion | €255.60 Billion | ▼ -0.9 pp |
| 2016 | 81.6% | €59.13 Billion | €10.91 Billion | €242.99 Billion | ▼ -15.6 pp |
| 2015 | 97.2% | €54.62 Billion | €1.55 Billion | €217.17 Billion | ▲ +0.3 pp |
| 2014 | 96.9% | €44.58 Billion | €1.38 Billion | €189.63 Billion | ▲ +0.1 pp |
| 2013 | 96.8% | €43.36 Billion | €1.40 Billion | €168.52 Billion | ▲ +18.0 pp |
| 2009 | 78.8% | €31.83 Billion | €6.75 Billion | €128.82 Billion | ▼ -4.0 pp |
| 2008 | 82.8% | €44.01 Billion | €7.58 Billion | €186.39 Billion | ▼ -5.4 pp |
| 2007 | 88.2% | €56.31 Billion | €6.64 Billion | €198.98 Billion | — |