Frasers Group PLC (FRAS) — Tangible Net Worth Ratio
Frasers Group PLC (FRAS) has a Tangible Net Worth Ratio of 99.2% as of April 2026. This metric is calculated by deducting intangible assets (GBX18.40 Million) from net assets (GBX2.45 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 Frasers Group PLC net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Frasers Group PLC Tangible Net Worth Ratio (2004–2026)
This chart shows how Frasers Group PLC's Tangible Net Worth Ratio has changed across 23 annual periods from 2004 to 2026. As of April 2026, the ratio stands at 99.2%, reflecting net assets of GBX2.45 Billion with intangible assets of GBX18.40 Million GBX. For live market cap and overall valuation, see FRAS market cap.
Annual Tangible Net Worth Ratio for Frasers Group PLC (2004–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Frasers Group PLC from 2004 to 2026, covering 23 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 FRAS capital reinvestment ratio 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) |
|---|---|---|---|---|---|
| 2026 | 99.2% | GBX2.45 Billion | GBX18.40 Million | GBX6.49 Billion | ▲ +0.7 pp |
| 2025 | 98.6% | GBX1.99 Billion | GBX28.10 Million | GBX5.13 Billion | ▲ +0.3 pp |
| 2024 | 98.3% | GBX1.87 Billion | GBX32.30 Million | GBX4.45 Billion | ▼ -0.9 pp |
| 2023 | 99.1% | GBX1.66 Billion | GBX14.20 Million | GBX4.29 Billion | ▲ +5.0 pp |
| 2022 | 94.2% | GBX1.31 Billion | GBX76.20 Million | GBX4.14 Billion | ▲ +0.3 pp |
| 2021 | 93.9% | GBX1.21 Billion | GBX73.80 Million | GBX3.79 Billion | ▲ +5.1 pp |
| 2020 | 88.8% | GBX1.28 Billion | GBX143.40 Million | GBX3.87 Billion | ▼ -3.6 pp |
| 2019 | 92.4% | GBX1.25 Billion | GBX95.70 Million | GBX3.15 Billion | ▲ +0.8 pp |
| 2018 | 91.6% | GBX1.20 Billion | GBX101.00 Million | GBX2.89 Billion | ▼ -0.5 pp |
| 2017 | 92.1% | GBX1.24 Billion | GBX97.80 Million | GBX2.45 Billion | ▼ -1.2 pp |
| 2016 | 93.3% | GBX1.38 Billion | GBX93.20 Million | GBX2.36 Billion | ▲ +1.8 pp |
| 2015 | 91.5% | GBX1.16 Billion | GBX98.83 Million | GBX1.77 Billion | ▲ +3.9 pp |
| 2014 | 87.6% | GBX817.55 Million | GBX101.56 Million | GBX1.70 Billion | ▲ +4.7 pp |
| 2013 | 82.8% | GBX644.68 Million | GBX110.61 Million | GBX1.41 Billion | ▲ +4.8 pp |
| 2012 | 78.1% | GBX471.88 Million | GBX103.42 Million | GBX1.13 Billion | ▲ +3.5 pp |
| 2011 | 74.5% | GBX331.13 Million | GBX84.32 Million | GBX916.19 Million | ▲ +9.5 pp |
| 2010 | 65.1% | GBX259.71 Million | GBX90.74 Million | GBX960.38 Million | ▲ +26.1 pp |
| 2009 | 39.0% | GBX153.68 Million | GBX93.74 Million | GBX977.62 Million | ▲ +2.0 pp |
| 2008 | 37.0% | GBX128.41 Million | GBX80.91 Million | GBX969.74 Million | ▼ -52.5 pp |
| 2007 | 89.5% | GBX280.80 Million | GBX29.39 Million | GBX943.61 Million | ▲ +6.5 pp |
| 2006 | 83.0% | GBX291.20 Million | GBX49.36 Million | GBX668.30 Million | ▲ +11.3 pp |
| 2005 | 71.8% | GBX222.55 Million | GBX62.85 Million | GBX504.79 Million | ▲ +3.2 pp |
| 2004 | 68.5% | GBX161.26 Million | GBX50.75 Million | GBX407.43 Million | — |