JSE Limited Tangible Net Worth Ratio
JSE Limited tangible net worth ratio. JSE Limited (JSE) has a Tangible Net Worth Ratio of 86.6% as of December 2025. This metric is calculated by deducting intangible assets (ZAC678.14 Million) from net assets (ZAC5.06 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. Check strategic asset allocation of JSE Limited to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of JSE Limited (2002–2025)
Tangible net worth ratio of JSE Limited from 2002 to 2025. This chart shows how JSE Limited's Tangible Net Worth Ratio has changed across 24 annual periods from 2002 to 2025. As of December 2025, the ratio stands at 86.6%, reflecting net assets of ZAC5.06 Billion with intangible assets of ZAC678.14 Million ZAC. See how liquid is JSE Limited's working capital to evaluate short-term liquidity relative to the company's equity base.
JSE Limited Tangible Net Worth Ratio by Year (2002–2025)
JSE Limited tangible net worth ratio by year from 2002 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for JSE Limited from 2002 to 2025, covering 24 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 live market cap and overall valuation, see JSE market cap overview.
| Year | Tangible NW Ratio | Net Assets (ZAC) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 90.9% | ZAC5.06 Billion | ZAC462.63 Million | ZAC67.54 Billion | ▲ +0.6 pp |
| 2024 | 90.2% | ZAC4.68 Billion | ZAC458.17 Million | ZAC55.68 Billion | ▲ +0.7 pp |
| 2023 | 89.5% | ZAC4.39 Billion | ZAC459.36 Million | ZAC59.79 Billion | ▲ +1.0 pp |
| 2022 | 88.5% | ZAC4.17 Billion | ZAC480.70 Million | ZAC61.34 Billion | ▲ +0.6 pp |
| 2021 | 87.9% | ZAC4.22 Billion | ZAC511.00 Million | ZAC61.04 Billion | ▲ +2.5 pp |
| 2020 | 85.4% | ZAC4.15 Billion | ZAC605.15 Million | ZAC51.62 Billion | ▼ -1.7 pp |
| 2019 | 87.1% | ZAC3.97 Billion | ZAC510.35 Million | ZAC40.23 Billion | ▼ -1.9 pp |
| 2018 | 89.0% | ZAC3.97 Billion | ZAC435.49 Million | ZAC41.92 Billion | ▲ +0.2 pp |
| 2017 | 88.9% | ZAC3.63 Billion | ZAC403.82 Million | ZAC38.69 Billion | ▼ -0.6 pp |
| 2016 | 89.5% | ZAC3.27 Billion | ZAC344.49 Million | ZAC45.96 Billion | ▼ -2.0 pp |
| 2015 | 91.5% | ZAC2.96 Billion | ZAC251.15 Million | ZAC38.58 Billion | ▼ -1.4 pp |
| 2014 | 92.9% | ZAC2.47 Billion | ZAC175.56 Million | ZAC29.21 Billion | ▼ -0.2 pp |
| 2013 | 93.1% | ZAC2.19 Billion | ZAC151.63 Million | ZAC21.38 Billion | ▲ +4.1 pp |
| 2012 | 88.9% | ZAC1.87 Billion | ZAC207.24 Million | ZAC17.08 Billion | ▲ +8.9 pp |
| 2011 | 80.0% | ZAC1.77 Billion | ZAC352.95 Million | ZAC17.33 Billion | ▲ +3.7 pp |
| 2010 | 76.4% | ZAC1.79 Billion | ZAC423.04 Million | ZAC17.17 Billion | ▲ +0.2 pp |
| 2009 | 76.1% | ZAC1.60 Billion | ZAC382.75 Million | ZAC16.58 Billion | ▼ -6.9 pp |
| 2008 | 83.1% | ZAC1.37 Billion | ZAC232.76 Million | ZAC16.65 Billion | ▼ -16.9 pp |
| 2007 | 100.0% | ZAC1.11 Billion | ZAC0.00 | ZAC19.27 Billion | ▲ +0.0 pp |
| 2006 | 100.0% | ZAC833.54 Million | ZAC0.00 | ZAC10.67 Billion | ▲ +0.0 pp |
| 2005 | 100.0% | ZAC682.60 Million | ZAC0.00 | ZAC6.93 Billion | ▲ +0.0 pp |
| 2004 | 100.0% | ZAC617.71 Million | ZAC0.00 | ZAC5.24 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | ZAC528.81 Million | ZAC0.00 | ZAC3.96 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | ZAC509.24 Million | ZAC0.00 | ZAC3.37 Billion | — |