Imperial Brands PLC (IMB) — Tangible Net Worth Ratio
Imperial Brands PLC (IMB) has a Tangible Net Worth Ratio of -249.9% as of March 2026. This metric is calculated by deducting intangible assets (GBX16.12 Billion) from net assets (GBX4.61 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 Imperial Brands 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
Imperial Brands PLC Tangible Net Worth Ratio (1991–2025)
This chart shows how Imperial Brands PLC's Tangible Net Worth Ratio has changed across 29 annual periods from 1991 to 2025. As of March 2026, the ratio stands at -249.9%, reflecting net assets of GBX4.61 Billion with intangible assets of GBX16.12 Billion GBX. For live market cap and overall valuation, see IMB stock market capitalisation.
Annual Tangible Net Worth Ratio for Imperial Brands PLC (1991–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Imperial Brands PLC from 1991 to 2025, covering 29 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 IMB 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 | 24.5% | GBX5.43 Billion | GBX4.10 Billion | GBX28.71 Billion | ▼ -5.0 pp |
| 2024 | 29.4% | GBX6.03 Billion | GBX4.25 Billion | GBX27.83 Billion | ▲ +0.4 pp |
| 2023 | 29.0% | GBX6.64 Billion | GBX4.71 Billion | GBX29.49 Billion | ▲ +166.9 pp |
| 2022 | -137.9% | GBX7.47 Billion | GBX17.78 Billion | GBX30.96 Billion | ▲ +42.8 pp |
| 2021 | -180.7% | GBX5.94 Billion | GBX16.67 Billion | GBX29.09 Billion | ▲ +48.4 pp |
| 2020 | -229.1% | GBX5.52 Billion | GBX18.16 Billion | GBX32.31 Billion | ▼ -217.9 pp |
| 2019 | -11.2% | GBX5.58 Billion | GBX6.21 Billion | GBX33.07 Billion | ▼ -8.0 pp |
| 2018 | -3.2% | GBX6.45 Billion | GBX6.65 Billion | GBX30.85 Billion | ▲ +17.2 pp |
| 2017 | -20.4% | GBX6.23 Billion | GBX7.50 Billion | GBX30.99 Billion | ▲ +29.4 pp |
| 2016 | -49.9% | GBX5.74 Billion | GBX8.61 Billion | GBX32.73 Billion | ▼ -4.0 pp |
| 2015 | -45.9% | GBX5.70 Billion | GBX8.31 Billion | GBX30.13 Billion | ▼ -53.5 pp |
| 2014 | 7.7% | GBX5.46 Billion | GBX5.04 Billion | GBX25.89 Billion | ▲ +17.0 pp |
| 2013 | -9.3% | GBX5.65 Billion | GBX6.17 Billion | GBX28.42 Billion | ▼ -0.2 pp |
| 2012 | -9.1% | GBX6.08 Billion | GBX6.64 Billion | GBX27.64 Billion | ▲ +156.6 pp |
| 2011 | -165.7% | GBX7.71 Billion | GBX20.49 Billion | GBX30.57 Billion | ▲ +29.7 pp |
| 2010 | -195.4% | GBX7.09 Billion | GBX20.94 Billion | GBX30.61 Billion | ▲ +43.6 pp |
| 2009 | -239.0% | GBX6.59 Billion | GBX22.36 Billion | GBX32.01 Billion | ▼ -27.2 pp |
| 2008 | -211.8% | GBX6.36 Billion | GBX19.82 Billion | GBX29.24 Billion | ▲ +122.0 pp |
| 2007 | -333.8% | GBX1.14 Billion | GBX4.95 Billion | GBX9.01 Billion | ▲ +220.0 pp |
| 2006 | -553.8% | GBX598.00 Million | GBX3.91 Billion | GBX7.14 Billion | ▼ -149.7 pp |
| 2005 | -404.1% | GBX705.00 Million | GBX3.55 Billion | GBX6.70 Billion | ▲ +2104.0 pp |
| 2004 | -2508.1% | GBX136.00 Million | GBX3.55 Billion | GBX6.43 Billion | ▲ +3844.5 pp |
| 2003 | -6352.5% | GBX59.00 Million | GBX3.81 Billion | GBX6.93 Billion | ▼ -6452.5 pp |
| 1996 | 100.0% | GBX612.00 Million | GBX0.00 | GBX1.13 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | GBX425.00 Million | GBX0.00 | GBX2.77 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | GBX115.00 Million | GBX0.00 | GBX2.38 Billion | ▲ +0.0 pp |
| 1993 | 100.0% | GBX278.00 Million | GBX0.00 | GBX2.05 Billion | ▲ +0.0 pp |
| 1992 | 100.0% | GBX144.00 Million | GBX0.00 | GBX1.88 Billion | ▲ +0.0 pp |
| 1991 | 100.0% | GBX118.00 Million | GBX0.00 | GBX1.58 Billion | — |