Smiths Group PLC (SMIN) — Tangible Net Worth Ratio
Smiths Group PLC (SMIN) has a Tangible Net Worth Ratio of 93.2% as of January 2026. This metric is calculated by deducting intangible assets (GBX115.00 Million) from net assets (GBX1.68 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 SMIN shareholders equity momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Smiths Group PLC Tangible Net Worth Ratio (1986–2025)
This chart shows how Smiths Group PLC's Tangible Net Worth Ratio has changed across 40 annual periods from 1986 to 2025. As of January 2026, the ratio stands at 93.2%, reflecting net assets of GBX1.68 Billion with intangible assets of GBX115.00 Million GBX. For live market cap and overall valuation, see Smiths Group PLC market capitalisation.
Annual Tangible Net Worth Ratio for Smiths Group PLC (1986–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Smiths Group PLC from 1986 to 2025, covering 40 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 how much does Smiths Group PLC reinvest in capital 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 | 90.7% | GBX2.06 Billion | GBX192.00 Million | GBX4.01 Billion | ▲ +4.4 pp |
| 2024 | 86.3% | GBX2.25 Billion | GBX309.00 Million | GBX4.23 Billion | ▼ -0.8 pp |
| 2023 | 87.0% | GBX2.41 Billion | GBX312.00 Million | GBX4.36 Billion | ▼ -0.3 pp |
| 2022 | 87.4% | GBX2.72 Billion | GBX344.00 Million | GBX5.22 Billion | ▲ +1.8 pp |
| 2021 | 85.6% | GBX2.42 Billion | GBX350.00 Million | GBX5.34 Billion | ▲ +1.1 pp |
| 2020 | 84.5% | GBX2.39 Billion | GBX372.00 Million | GBX5.41 Billion | ▲ +2.9 pp |
| 2019 | 81.6% | GBX2.38 Billion | GBX438.00 Million | GBX5.32 Billion | ▲ +1.1 pp |
| 2018 | 80.6% | GBX2.29 Billion | GBX445.00 Million | GBX5.17 Billion | ▲ +1.7 pp |
| 2017 | 78.8% | GBX2.10 Billion | GBX445.00 Million | GBX5.16 Billion | ▼ -7.6 pp |
| 2016 | 86.4% | GBX1.66 Billion | GBX225.00 Million | GBX4.47 Billion | ▲ +1.3 pp |
| 2015 | 85.2% | GBX1.43 Billion | GBX212.00 Million | GBX3.98 Billion | ▲ +4.0 pp |
| 2014 | 81.1% | GBX1.25 Billion | GBX235.00 Million | GBX3.56 Billion | ▲ +0.6 pp |
| 2013 | 80.5% | GBX1.49 Billion | GBX291.30 Million | GBX4.07 Billion | ▲ +13.4 pp |
| 2012 | 67.1% | GBX980.80 Million | GBX322.70 Million | GBX3.61 Billion | ▼ -16.9 pp |
| 2011 | 84.0% | GBX1.38 Billion | GBX220.50 Million | GBX3.63 Billion | ▲ +7.6 pp |
| 2010 | 76.4% | GBX1.10 Billion | GBX259.10 Million | GBX3.46 Billion | ▲ +3.5 pp |
| 2009 | 72.9% | GBX862.80 Million | GBX233.80 Million | GBX3.18 Billion | ▼ -7.3 pp |
| 2008 | 80.2% | GBX918.20 Million | GBX181.40 Million | GBX2.93 Billion | ▼ -8.7 pp |
| 2007 | 88.9% | GBX903.30 Million | GBX100.00 Million | GBX2.78 Billion | ▲ +19.9 pp |
| 2006 | 69.0% | GBX1.36 Billion | GBX422.70 Million | GBX3.77 Billion | ▼ -8.8 pp |
| 2005 | 77.8% | GBX1.48 Billion | GBX329.10 Million | GBX3.94 Billion | ▲ +34.5 pp |
| 2004 | 43.3% | GBX1.28 Billion | GBX728.20 Million | GBX2.53 Billion | ▲ +13.5 pp |
| 2003 | 29.8% | GBX1.18 Billion | GBX830.20 Million | GBX2.88 Billion | ▼ -5.1 pp |
| 2002 | 34.9% | GBX981.20 Million | GBX638.30 Million | GBX2.63 Billion | ▲ +14.5 pp |
| 2001 | 20.4% | GBX852.40 Million | GBX678.30 Million | GBX3.24 Billion | ▼ -13.7 pp |
| 2000 | 34.1% | GBX498.80 Million | GBX328.80 Million | GBX1.30 Billion | ▼ -40.4 pp |
| 1999 | 74.5% | GBX358.50 Million | GBX91.50 Million | GBX958.40 Million | ▼ -25.5 pp |
| 1998 | 100.0% | GBX226.40 Million | GBX0.00 | GBX797.00 Million | ▲ +0.0 pp |
| 1997 | 100.0% | GBX244.60 Million | GBX0.00 | GBX769.80 Million | ▲ +0.0 pp |
| 1996 | 100.0% | GBX211.80 Million | GBX0.00 | GBX710.40 Million | ▲ +97.1 pp |
| 1995 | 2.9% | GBX225.50 Million | GBX218.90 Million | GBX636.80 Million | ▼ -5.3 pp |
| 1994 | 8.3% | GBX212.00 Million | GBX194.50 Million | GBX584.10 Million | ▼ -26.9 pp |
| 1993 | 35.2% | GBX266.70 Million | GBX172.90 Million | GBX632.30 Million | ▼ -14.4 pp |
| 1992 | 49.5% | GBX330.00 Million | GBX166.50 Million | GBX613.20 Million | ▲ +9.6 pp |
| 1991 | 39.9% | GBX309.30 Million | GBX185.80 Million | GBX614.80 Million | ▼ -60.1 pp |
| 1990 | 100.0% | GBX300.40 Million | GBX0.00 | GBX553.20 Million | ▲ +63.6 pp |
| 1989 | 36.4% | GBX273.19 Million | GBX173.72 Million | GBX544.23 Million | ▼ -3.9 pp |
| 1988 | 40.3% | GBX254.31 Million | GBX151.71 Million | GBX475.58 Million | ▼ -8.0 pp |
| 1987 | 48.4% | GBX197.36 Million | GBX101.92 Million | GBX341.81 Million | ▼ -51.6 pp |
| 1986 | 100.0% | GBX173.42 Million | GBX0.00 | GBX311.08 Million | — |