Vodafone Group Plc (VODJ) — Tangible Net Worth Ratio
Vodafone Group Plc (VODJ) has a Tangible Net Worth Ratio of 74.7% as of September 2025. This metric is calculated by deducting intangible assets (€14.32 Billion) from net assets (€56.61 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. See what is Vodafone Group Plc's book value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Vodafone Group Plc Tangible Net Worth Ratio (2017–2025)
This chart shows how Vodafone Group Plc's Tangible Net Worth Ratio has changed across 9 annual periods from 2017 to 2025. As of September 2025, the ratio stands at 74.7%, reflecting net assets of €56.61 Billion with intangible assets of €14.32 Billion EUR. Also explore VODJ net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Vodafone Group Plc (2017–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Vodafone Group Plc from 2017 to 2025, covering 9 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. For the full company profile including market capitalisation, see VODJ stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 76.0% | €53.92 Billion | €12.92 Billion | €128.52 Billion | ▼ -1.2 pp |
| 2024 | 77.2% | €61.00 Billion | €13.90 Billion | €144.35 Billion | ▲ +7.6 pp |
| 2023 | 69.6% | €64.48 Billion | €19.59 Billion | €155.52 Billion | ▲ +7.1 pp |
| 2022 | 62.5% | €56.98 Billion | €21.36 Billion | €153.95 Billion | ▲ +0.2 pp |
| 2021 | 62.3% | €57.82 Billion | €21.82 Billion | €155.06 Billion | ▼ -2.2 pp |
| 2020 | 64.5% | €62.62 Billion | €22.25 Billion | €168.17 Billion | ▼ -7.7 pp |
| 2019 | 72.2% | €63.45 Billion | €17.65 Billion | €142.86 Billion | ▼ -3.7 pp |
| 2018 | 75.9% | €68.61 Billion | €16.52 Billion | €145.61 Billion | ▲ +2.2 pp |
| 2017 | 73.7% | €73.72 Billion | €19.41 Billion | €154.68 Billion | — |