GSK plc (GSK) — Tangible Net Worth Ratio
GSK plc (GSK) has a Tangible Net Worth Ratio of 2.2% as of June 2026. This metric is calculated by deducting intangible assets (GBX16.80 Billion) from net assets (GBX17.18 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 GSK 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
GSK plc Tangible Net Worth Ratio (1986–2025)
This chart shows how GSK plc's Tangible Net Worth Ratio has changed across 41 annual periods from 1986 to 2025. As of June 2026, the ratio stands at 2.2%, reflecting net assets of GBX17.18 Billion with intangible assets of GBX16.80 Billion GBX. Check how strategically is GSK plc's equity deployed to assess the company's strategic physical and investment asset allocation.
Annual Tangible Net Worth Ratio for GSK plc (1986–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for GSK plc from 1986 to 2025, covering 41 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 GSK plc market capitalisation.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -5.0% | GBX15.96 Billion | GBX16.75 Billion | GBX61.12 Billion | ▲ +13.6 pp |
| 2024 | -18.6% | GBX13.09 Billion | GBX15.52 Billion | GBX59.46 Billion | ▼ -3.1 pp |
| 2023 | -15.4% | GBX12.79 Billion | GBX14.77 Billion | GBX59.01 Billion | ▲ +26.4 pp |
| 2022 | -41.8% | GBX10.10 Billion | GBX14.32 Billion | GBX60.15 Billion | ▼ -0.9 pp |
| 2021 | -40.9% | GBX21.34 Billion | GBX30.08 Billion | GBX79.10 Billion | ▲ +2.4 pp |
| 2020 | -43.3% | GBX20.81 Billion | GBX29.82 Billion | GBX80.43 Billion | ▲ +25.3 pp |
| 2019 | -68.6% | GBX18.36 Billion | GBX30.95 Billion | GBX79.69 Billion | ▲ +299.8 pp |
| 2018 | -368.5% | GBX3.67 Billion | GBX17.20 Billion | GBX58.07 Billion | ▲ +34.9 pp |
| 2017 | -403.4% | GBX3.49 Billion | GBX17.56 Billion | GBX56.38 Billion | ▼ -125.0 pp |
| 2016 | -278.3% | GBX4.96 Billion | GBX18.78 Billion | GBX59.08 Billion | ▼ -190.5 pp |
| 2015 | -87.8% | GBX8.88 Billion | GBX16.67 Billion | GBX53.45 Billion | ▼ -19.2 pp |
| 2014 | -68.6% | GBX4.94 Billion | GBX8.32 Billion | GBX40.65 Billion | ▼ -49.7 pp |
| 2013 | -18.8% | GBX7.81 Billion | GBX9.28 Billion | GBX42.09 Billion | ▲ +32.0 pp |
| 2012 | -50.8% | GBX6.74 Billion | GBX10.16 Billion | GBX41.48 Billion | ▼ -62.4 pp |
| 2011 | 11.6% | GBX8.83 Billion | GBX7.80 Billion | GBX41.08 Billion | ▼ -0.8 pp |
| 2010 | 12.4% | GBX9.74 Billion | GBX8.53 Billion | GBX42.23 Billion | ▼ -11.4 pp |
| 2009 | 23.8% | GBX10.74 Billion | GBX8.18 Billion | GBX42.86 Billion | ▼ -5.6 pp |
| 2008 | 29.4% | GBX8.32 Billion | GBX5.87 Billion | GBX39.39 Billion | ▼ -25.6 pp |
| 2007 | 55.0% | GBX9.92 Billion | GBX4.46 Billion | GBX31.03 Billion | ▼ -10.8 pp |
| 2006 | 65.9% | GBX9.64 Billion | GBX3.29 Billion | GBX25.54 Billion | ▲ +19.7 pp |
| 2005 | 46.1% | GBX7.57 Billion | GBX4.08 Billion | GBX27.19 Billion | ▼ -10.3 pp |
| 2004 | 56.5% | GBX6.15 Billion | GBX2.68 Billion | GBX22.64 Billion | ▼ -23.5 pp |
| 2003 | 80.0% | GBX8.45 Billion | GBX1.69 Billion | GBX23.94 Billion | ▲ +4.4 pp |
| 2002 | 75.5% | GBX7.39 Billion | GBX1.81 Billion | GBX22.33 Billion | ▼ -2.4 pp |
| 2001 | 78.0% | GBX8.40 Billion | GBX1.85 Billion | GBX21.97 Billion | ▼ -9.4 pp |
| 2000 | 87.3% | GBX8.96 Billion | GBX1.14 Billion | GBX21.59 Billion | ▼ -8.2 pp |
| 1999 | 95.5% | GBX3.19 Billion | GBX144.00 Million | GBX10.43 Billion | ▼ -0.7 pp |
| 1998 | 96.2% | GBX2.77 Billion | GBX106.00 Million | GBX9.35 Billion | ▲ +112.9 pp |
| 1997 | -16.7% | GBX1.89 Billion | GBX2.21 Billion | GBX8.44 Billion | ▲ +58.7 pp |
| 1996 | -75.5% | GBX1.27 Billion | GBX2.22 Billion | GBX8.31 Billion | ▲ +699.7 pp |
| 1995 | -775.1% | GBX221.00 Million | GBX1.93 Billion | GBX8.54 Billion | ▼ -875.1 pp |
| 1995 | 100.0% | GBX574.69 Million | GBX0.00 | GBX8.10 Billion | ▲ +23.1 pp |
| 1994 | 76.9% | GBX5.15 Billion | GBX1.19 Billion | GBX7.89 Billion | ▲ +2.6 pp |
| 1993 | 74.3% | GBX4.66 Billion | GBX1.20 Billion | GBX7.46 Billion | ▲ +1.4 pp |
| 1992 | 72.9% | GBX3.64 Billion | GBX986.00 Million | GBX5.68 Billion | ▲ +0.4 pp |
| 1991 | 72.5% | GBX3.28 Billion | GBX901.00 Million | GBX5.74 Billion | ▼ -27.5 pp |
| 1990 | 100.0% | GBX2.81 Billion | GBX0.00 | GBX4.49 Billion | ▲ +0.0 pp |
| 1989 | 100.0% | GBX2.31 Billion | GBX0.00 | GBX3.47 Billion | ▲ +0.0 pp |
| 1988 | 100.0% | GBX1.80 Billion | GBX0.00 | GBX2.87 Billion | ▲ +0.0 pp |
| 1987 | 100.0% | GBX1.46 Billion | GBX0.00 | GBX2.36 Billion | ▲ +0.0 pp |
| 1986 | 100.0% | GBX1.10 Billion | GBX0.00 | GBX1.80 Billion | — |