Ninety One PLC (N91) — Tangible Net Worth Ratio
Ninety One PLC (N91) has a Tangible Net Worth Ratio of 58.2% as of March 2026. This metric is calculated by deducting intangible assets (ZAC293.50 Million) from net assets (ZAC702.60 Million) 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 N91 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Ninety One PLC Tangible Net Worth Ratio (2017–2026)
This chart shows how Ninety One PLC's Tangible Net Worth Ratio has changed across 10 annual periods from 2017 to 2026. As of March 2026, the ratio stands at 58.2%, reflecting net assets of ZAC702.60 Million with intangible assets of ZAC293.50 Million ZAC. For live market cap and overall valuation, see Ninety One PLC market cap and net worth.
Annual Tangible Net Worth Ratio for Ninety One PLC (2017–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Ninety One PLC from 2017 to 2026, covering 10 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 N91 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 (ZAC) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 58.2% | ZAC702.60 Million | ZAC293.50 Million | ZAC14.88 Billion | ▼ -41.8 pp |
| 2025 | 100.0% | ZAC373.60 Million | ZAC0.00 | ZAC12.21 Billion | ▲ +0.0 pp |
| 2024 | 100.0% | ZAC367.60 Million | ZAC0.00 | ZAC11.12 Billion | ▲ +0.0 pp |
| 2023 | 100.0% | ZAC349.90 Million | ZAC0.00 | ZAC10.81 Billion | ▲ +0.0 pp |
| 2022 | 100.0% | ZAC341.60 Million | ZAC0.00 | ZAC11.68 Billion | ▲ +0.0 pp |
| 2021 | 100.0% | ZAC253.30 Million | ZAC0.00 | ZAC9.90 Billion | ▲ +0.0 pp |
| 2020 | 100.0% | ZAC151.10 Million | ZAC0.00 | ZAC7.65 Billion | ▲ +0.0 pp |
| 2019 | 100.0% | ZAC195.64 Million | ZAC24.00K | ZAC8.80 Billion | ▲ +0.1 pp |
| 2018 | 99.9% | ZAC211.61 Million | ZAC132.00K | ZAC9.07 Billion | ▼ 0.0 pp |
| 2017 | 99.9% | ZAC196.62 Million | ZAC109.00K | ZAC8.28 Billion | — |