Associated British Foods PLC (ABF) — Tangible Net Worth Ratio
Associated British Foods PLC (ABF) has a Tangible Net Worth Ratio of 83.3% as of February 2026. This metric is calculated by deducting intangible assets (GBX1.94 Billion) from net assets (GBX11.62 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 ABF 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
Associated British Foods PLC Tangible Net Worth Ratio (1986–2025)
This chart shows how Associated British Foods PLC's Tangible Net Worth Ratio has changed across 40 annual periods from 1986 to 2025. As of February 2026, the ratio stands at 83.3%, reflecting net assets of GBX11.62 Billion with intangible assets of GBX1.94 Billion GBX. For live market cap and overall valuation, see ABF company net worth.
Annual Tangible Net Worth Ratio for Associated British Foods PLC (1986–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Associated British Foods PLC from 1986 to 2025, covering 40 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 ABF capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 94.7% | GBX11.19 Billion | GBX595.00 Million | GBX19.29 Billion | ▼ -0.1 pp |
| 2024 | 94.8% | GBX11.28 Billion | GBX585.00 Million | GBX19.01 Billion | ▲ +0.2 pp |
| 2023 | 94.6% | GBX11.19 Billion | GBX604.00 Million | GBX18.84 Billion | ▼ -0.4 pp |
| 2022 | 95.0% | GBX11.55 Billion | GBX576.00 Million | GBX19.77 Billion | ▼ -0.4 pp |
| 2021 | 95.4% | GBX10.00 Billion | GBX457.00 Million | GBX16.89 Billion | ▲ +0.3 pp |
| 2020 | 95.1% | GBX9.44 Billion | GBX463.00 Million | GBX16.67 Billion | ▲ +0.1 pp |
| 2019 | 95.0% | GBX9.55 Billion | GBX478.00 Million | GBX13.76 Billion | ▼ -0.5 pp |
| 2018 | 95.5% | GBX9.30 Billion | GBX422.00 Million | GBX13.69 Billion | ▼ -1.2 pp |
| 2017 | 96.6% | GBX8.41 Billion | GBX283.00 Million | GBX12.81 Billion | ▲ +0.1 pp |
| 2016 | 96.5% | GBX7.12 Billion | GBX246.00 Million | GBX11.38 Billion | ▲ +0.4 pp |
| 2015 | 96.1% | GBX6.51 Billion | GBX254.00 Million | GBX10.22 Billion | ▲ +0.2 pp |
| 2014 | 95.9% | GBX6.71 Billion | GBX277.00 Million | GBX10.41 Billion | ▲ +1.1 pp |
| 2013 | 94.7% | GBX6.52 Billion | GBX344.00 Million | GBX10.37 Billion | ▲ +2.0 pp |
| 2012 | 92.7% | GBX6.24 Billion | GBX454.00 Million | GBX10.27 Billion | ▲ +1.4 pp |
| 2011 | 91.3% | GBX6.17 Billion | GBX535.00 Million | GBX10.20 Billion | ▲ +1.3 pp |
| 2010 | 90.0% | GBX5.74 Billion | GBX575.00 Million | GBX9.29 Billion | ▲ +2.2 pp |
| 2009 | 87.7% | GBX5.08 Billion | GBX622.00 Million | GBX9.03 Billion | ▲ +0.0 pp |
| 2008 | 87.7% | GBX4.84 Billion | GBX595.00 Million | GBX8.15 Billion | ▼ 0.0 pp |
| 2007 | 87.7% | GBX4.46 Billion | GBX547.00 Million | GBX6.98 Billion | ▲ +0.4 pp |
| 2006 | 87.4% | GBX4.18 Billion | GBX529.00 Million | GBX6.49 Billion | ▼ -4.7 pp |
| 2005 | 92.1% | GBX3.88 Billion | GBX308.00 Million | GBX6.07 Billion | ▲ +9.0 pp |
| 2004 | 83.0% | GBX3.50 Billion | GBX593.00 Million | GBX4.91 Billion | ▼ -1.5 pp |
| 2003 | 84.5% | GBX3.30 Billion | GBX510.00 Million | GBX4.71 Billion | ▼ -3.0 pp |
| 2002 | 87.5% | GBX3.07 Billion | GBX383.00 Million | GBX4.39 Billion | ▼ -6.2 pp |
| 2001 | 93.8% | GBX2.87 Billion | GBX179.00 Million | GBX3.92 Billion | ▼ -0.9 pp |
| 2000 | 94.7% | GBX2.84 Billion | GBX151.00 Million | GBX3.87 Billion | ▼ -1.4 pp |
| 1999 | 96.1% | GBX2.75 Billion | GBX108.00 Million | GBX3.70 Billion | ▼ -3.9 pp |
| 1998 | 100.0% | GBX3.06 Billion | GBX0.00 | GBX4.01 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | GBX2.99 Billion | GBX0.00 | GBX3.99 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | GBX2.53 Billion | GBX0.00 | GBX3.65 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | GBX2.32 Billion | GBX0.00 | GBX3.38 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | GBX2.14 Billion | GBX0.00 | GBX3.21 Billion | ▲ +0.0 pp |
| 1993 | 100.0% | GBX1.92 Billion | GBX0.00 | GBX2.95 Billion | ▲ +0.0 pp |
| 1992 | 100.0% | GBX1.74 Billion | GBX0.00 | GBX2.75 Billion | ▲ +0.0 pp |
| 1991 | 100.0% | GBX1.68 Billion | GBX0.00 | GBX2.77 Billion | ▲ +0.0 pp |
| 1990 | 100.0% | GBX1.96 Billion | GBX0.00 | GBX2.49 Billion | ▲ +0.0 pp |
| 1989 | 100.0% | GBX1.73 Billion | GBX0.00 | GBX2.22 Billion | ▲ +0.0 pp |
| 1988 | 100.0% | GBX1.55 Billion | GBX0.00 | GBX2.02 Billion | ▲ +0.0 pp |
| 1987 | 100.0% | GBX1.49 Billion | GBX0.00 | GBX1.95 Billion | ▲ +0.0 pp |
| 1986 | 100.0% | GBX932.00 Million | GBX0.00 | GBX1.50 Billion | — |