Phoenix Group Holdings PLC (PHNX) — Tangible Net Worth Ratio
Phoenix Group Holdings PLC (PHNX) has a Tangible Net Worth Ratio of 84.0% as of December 2025. This metric is calculated by deducting intangible assets (GBX128.00 Million) from net assets (GBX798.00 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. Also explore Phoenix Group Holdings PLC (PHNX) 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
Phoenix Group Holdings PLC Tangible Net Worth Ratio (2008–2025)
This chart shows how Phoenix Group Holdings PLC's Tangible Net Worth Ratio has changed across 18 annual periods from 2008 to 2025. As of December 2025, the ratio stands at 84.0%, reflecting net assets of GBX798.00 Million with intangible assets of GBX128.00 Million GBX. For live market cap and overall valuation, see Phoenix Group Holdings PLC market capitalisation.
Annual Tangible Net Worth Ratio for Phoenix Group Holdings PLC (2008–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Phoenix Group Holdings PLC from 2008 to 2025, covering 18 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 PHNX 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) |
|---|---|---|---|---|---|
| 2025 | 84.0% | GBX798.00 Million | GBX128.00 Million | GBX332.24 Billion | ▲ +67.3 pp |
| 2024 | 16.7% | GBX2.25 Billion | GBX1.87 Billion | GBX307.86 Billion | ▼ -26.3 pp |
| 2023 | 43.0% | GBX3.54 Billion | GBX2.02 Billion | GBX299.31 Billion | ▼ -52.3 pp |
| 2022 | 95.3% | GBX4.69 Billion | GBX221.00 Million | GBX279.03 Billion | ▼ -0.9 pp |
| 2021 | 96.1% | GBX6.28 Billion | GBX242.00 Million | GBX325.21 Billion | ▼ -0.8 pp |
| 2020 | 96.9% | GBX7.38 Billion | GBX228.00 Million | GBX324.78 Billion | ▲ +3.3 pp |
| 2019 | 93.6% | GBX5.10 Billion | GBX328.00 Million | GBX235.35 Billion | ▲ +65.4 pp |
| 2018 | 28.1% | GBX5.95 Billion | GBX4.28 Billion | GBX229.98 Billion | ▼ -24.1 pp |
| 2017 | 52.3% | GBX3.15 Billion | GBX1.51 Billion | GBX83.44 Billion | ▲ +0.9 pp |
| 2016 | 51.4% | GBX3.33 Billion | GBX1.62 Billion | GBX86.00 Billion | ▲ +0.8 pp |
| 2015 | 50.6% | GBX3.00 Billion | GBX1.48 Billion | GBX64.51 Billion | ▲ +1.0 pp |
| 2014 | 49.6% | GBX3.28 Billion | GBX1.65 Billion | GBX68.80 Billion | ▲ +20.7 pp |
| 2013 | 28.9% | GBX2.69 Billion | GBX1.91 Billion | GBX74.47 Billion | ▲ +14.1 pp |
| 2012 | 14.8% | GBX2.38 Billion | GBX2.03 Billion | GBX86.09 Billion | ▲ +12.3 pp |
| 2011 | 2.5% | GBX2.37 Billion | GBX2.31 Billion | GBX89.50 Billion | ▲ +10.2 pp |
| 2010 | -7.7% | GBX2.30 Billion | GBX2.48 Billion | GBX83.56 Billion | ▲ +15.4 pp |
| 2009 | -23.2% | GBX2.14 Billion | GBX2.64 Billion | GBX76.94 Billion | ▼ -123.2 pp |
| 2008 | 100.0% | GBX573.00 Million | GBX0.00 | GBX593.00 Million | — |