FirstGroup PLC (FGP) — Tangible Net Worth Ratio
FirstGroup PLC (FGP) has a Tangible Net Worth Ratio of 97.3% as of September 2025. This metric is calculated by deducting intangible assets (GBX17.50 Million) from net assets (GBX640.00 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. See FirstGroup PLC (FGP) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
FirstGroup PLC Tangible Net Worth Ratio (1995–2025)
This chart shows how FirstGroup PLC's Tangible Net Worth Ratio has changed across 30 annual periods from 1995 to 2025. As of September 2025, the ratio stands at 97.3%, reflecting net assets of GBX640.00 Million with intangible assets of GBX17.50 Million GBX. See FGP days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for FirstGroup PLC (1995–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for FirstGroup PLC from 1995 to 2025, covering 30 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 FGP company net worth.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.7% | GBX712.50 Million | GBX16.10 Million | GBX3.66 Billion | ▼ -0.6 pp |
| 2024 | 98.4% | GBX641.70 Million | GBX10.40 Million | GBX3.81 Billion | ▲ +13.1 pp |
| 2023 | 85.3% | GBX750.80 Million | GBX110.40 Million | GBX4.41 Billion | ▼ -2.7 pp |
| 2022 | 88.0% | GBX885.10 Million | GBX105.90 Million | GBX3.83 Billion | ▼ -3.3 pp |
| 2021 | 91.3% | GBX1.15 Billion | GBX100.10 Million | GBX8.29 Billion | ▲ +137.1 pp |
| 2020 | -45.8% | GBX1.18 Billion | GBX1.72 Billion | GBX8.44 Billion | ▼ -140.8 pp |
| 2019 | 95.1% | GBX1.52 Billion | GBX75.10 Million | GBX5.95 Billion | ▲ +1.1 pp |
| 2018 | 94.0% | GBX1.49 Billion | GBX89.80 Million | GBX5.33 Billion | ▲ +1.2 pp |
| 2017 | 92.7% | GBX2.08 Billion | GBX150.60 Million | GBX5.79 Billion | ▲ +2.7 pp |
| 2016 | 90.1% | GBX1.63 Billion | GBX162.20 Million | GBX5.34 Billion | ▲ +3.3 pp |
| 2015 | 86.7% | GBX1.49 Billion | GBX197.00 Million | GBX5.25 Billion | ▲ +4.6 pp |
| 2014 | 82.2% | GBX1.22 Billion | GBX217.90 Million | GBX5.01 Billion | ▲ +16.6 pp |
| 2013 | 65.6% | GBX819.30 Million | GBX281.80 Million | GBX5.53 Billion | ▲ +1.8 pp |
| 2012 | 63.8% | GBX881.00 Million | GBX318.80 Million | GBX5.31 Billion | ▲ +0.5 pp |
| 2011 | 63.3% | GBX950.90 Million | GBX348.60 Million | GBX5.27 Billion | ▲ +9.0 pp |
| 2010 | 54.3% | GBX910.50 Million | GBX415.90 Million | GBX5.59 Billion | ▲ +11.1 pp |
| 2009 | 43.2% | GBX804.30 Million | GBX456.70 Million | GBX5.92 Billion | ▼ -4.6 pp |
| 2008 | 47.9% | GBX704.80 Million | GBX367.50 Million | GBX4.84 Billion | ▼ -42.1 pp |
| 2007 | 90.0% | GBX607.30 Million | GBX60.80 Million | GBX2.54 Billion | ▼ -1.0 pp |
| 2006 | 91.0% | GBX331.90 Million | GBX30.00 Million | GBX2.09 Billion | ▲ +4.1 pp |
| 2005 | 86.9% | GBX224.50 Million | GBX29.40 Million | GBX1.90 Billion | ▼ -41.7 pp |
| 2004 | 128.6% | GBX355.00 Million | GBX-101.40 Million | GBX1.81 Billion | ▲ +6.7 pp |
| 2003 | 121.9% | GBX402.80 Million | GBX-88.10 Million | GBX1.73 Billion | ▲ +152.1 pp |
| 2002 | -30.2% | GBX420.00 Million | GBX547.00 Million | GBX1.76 Billion | ▲ +12.9 pp |
| 2001 | -43.1% | GBX400.70 Million | GBX573.60 Million | GBX1.71 Billion | ▲ +11.1 pp |
| 2000 | -54.3% | GBX346.00 Million | GBX533.80 Million | GBX1.67 Billion | ▼ -14.7 pp |
| 1999 | -39.6% | GBX53.60 Million | GBX74.80 Million | GBX856.60 Million | ▼ -33.9 pp |
| 1997 | -5.6% | GBX58.70 Million | GBX62.00 Million | GBX464.20 Million | ▼ -50.7 pp |
| 1996 | 45.1% | GBX44.60 Million | GBX24.50 Million | GBX266.60 Million | ▼ -1.6 pp |
| 1995 | 46.7% | GBX41.80 Million | GBX22.30 Million | GBX245.60 Million | — |