Vodafone Group PLC (VOD) — Tangible Net Worth Ratio
Vodafone Group PLC (VOD) has a Tangible Net Worth Ratio of 73.6% as of March 2026. This metric is calculated by deducting intangible assets (GBX14.37 Billion) from net assets (GBX54.52 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. See VOD book value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Vodafone Group PLC Tangible Net Worth Ratio (1987–2026)
This chart shows how Vodafone Group PLC's Tangible Net Worth Ratio has changed across 40 annual periods from 1987 to 2026. As of March 2026, the ratio stands at 73.6%, reflecting net assets of GBX54.52 Billion with intangible assets of GBX14.37 Billion GBX. Also explore Vodafone Group PLC net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Vodafone Group PLC (1987–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Vodafone Group PLC from 1987 to 2026, 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. For the full company profile including market capitalisation, see VOD company net worth.
| Year | Tangible NW Ratio | Net Assets (GBX) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 73.6% | GBX54.52 Billion | GBX14.37 Billion | GBX130.04 Billion | ▼ -2.4 pp |
| 2025 | 76.0% | GBX53.92 Billion | GBX12.92 Billion | GBX128.52 Billion | ▼ -1.2 pp |
| 2024 | 77.2% | GBX61.00 Billion | GBX13.90 Billion | GBX144.35 Billion | ▲ +7.6 pp |
| 2023 | 69.6% | GBX64.48 Billion | GBX19.59 Billion | GBX155.52 Billion | ▲ +7.0 pp |
| 2022 | 62.6% | GBX57.07 Billion | GBX21.36 Billion | GBX154.05 Billion | ▲ +0.3 pp |
| 2021 | 62.3% | GBX57.82 Billion | GBX21.82 Billion | GBX155.06 Billion | ▼ -1.6 pp |
| 2020 | 63.9% | GBX62.62 Billion | GBX22.63 Billion | GBX168.17 Billion | ▼ -8.3 pp |
| 2019 | 72.2% | GBX63.45 Billion | GBX17.65 Billion | GBX142.86 Billion | ▼ -3.7 pp |
| 2018 | 75.9% | GBX68.61 Billion | GBX16.52 Billion | GBX145.61 Billion | ▲ +2.2 pp |
| 2017 | 73.7% | GBX73.72 Billion | GBX19.41 Billion | GBX154.68 Billion | ▲ +9.3 pp |
| 2016 | 64.4% | GBX85.36 Billion | GBX30.41 Billion | GBX169.55 Billion | ▼ -4.7 pp |
| 2015 | 69.1% | GBX92.62 Billion | GBX28.65 Billion | GBX167.61 Billion | ▲ +1.6 pp |
| 2014 | 67.4% | GBX86.83 Billion | GBX28.27 Billion | GBX147.39 Billion | ▼ -2.2 pp |
| 2013 | 69.6% | GBX86.00 Billion | GBX26.13 Billion | GBX169.31 Billion | ▼ -3.3 pp |
| 2012 | 72.9% | GBX93.85 Billion | GBX25.40 Billion | GBX167.51 Billion | ▼ -0.4 pp |
| 2011 | 73.4% | GBX99.66 Billion | GBX26.54 Billion | GBX172.11 Billion | ▼ -1.9 pp |
| 2010 | 75.3% | GBX101.94 Billion | GBX25.17 Billion | GBX176.23 Billion | ▲ +0.1 pp |
| 2009 | 75.3% | GBX91.54 Billion | GBX22.65 Billion | GBX164.89 Billion | ▲ +0.1 pp |
| 2008 | 75.2% | GBX96.08 Billion | GBX23.87 Billion | GBX159.91 Billion | ▼ -1.5 pp |
| 2007 | 76.7% | GBX99.14 Billion | GBX23.14 Billion | GBX161.50 Billion | ▼ -4.0 pp |
| 2006 | 80.6% | GBX122.33 Billion | GBX23.68 Billion | GBX181.74 Billion | ▲ +66.1 pp |
| 2005 | 14.5% | GBX165.68 Billion | GBX141.62 Billion | GBX214.59 Billion | ▼ -4.0 pp |
| 2004 | 18.5% | GBX172.18 Billion | GBX140.26 Billion | GBX220.42 Billion | ▲ +0.7 pp |
| 2003 | 17.8% | GBX190.61 Billion | GBX156.63 Billion | GBX236.61 Billion | ▼ -2.8 pp |
| 2002 | 20.6% | GBX218.19 Billion | GBX173.24 Billion | GBX266.37 Billion | ▼ -5.6 pp |
| 2001 | 26.2% | GBX238.49 Billion | GBX176.09 Billion | GBX278.87 Billion | ▼ -58.2 pp |
| 2000 | 84.4% | GBX237.32 Billion | GBX37.02 Billion | GBX255.67 Billion | ▲ +20.0 pp |
| 1999 | 64.4% | GBX1.38 Billion | GBX492.71 Million | GBX5.45 Billion | ▲ +0.6 pp |
| 1998 | 63.7% | GBX589.34 Million | GBX213.68 Million | GBX3.89 Billion | ▼ -18.5 pp |
| 1997 | 82.2% | GBX1.17 Billion | GBX208.11 Million | GBX3.42 Billion | ▼ -9.1 pp |
| 1996 | 91.3% | GBX1.24 Billion | GBX108.50 Million | GBX2.14 Billion | ▲ +25.6 pp |
| 1995 | 65.6% | GBX997.80 Million | GBX342.78 Million | GBX1.72 Billion | ▼ -6.5 pp |
| 1994 | 72.1% | GBX899.69 Million | GBX250.93 Million | GBX1.36 Billion | ▼ -3.2 pp |
| 1993 | 75.3% | GBX742.57 Million | GBX183.62 Million | GBX1.08 Billion | ▼ -6.0 pp |
| 1992 | 81.3% | GBX632.25 Million | GBX118.42 Million | GBX918.56 Million | ▲ +1.2 pp |
| 1991 | 80.1% | GBX603.35 Million | GBX120.08 Million | GBX888.38 Million | ▲ +3.3 pp |
| 1990 | 76.8% | GBX366.80 Million | GBX84.94 Million | GBX617.98 Million | ▼ -2.7 pp |
| 1989 | 79.6% | GBX277.09 Million | GBX56.60 Million | GBX447.45 Million | ▲ +73.2 pp |
| 1988 | 6.4% | GBX47.67 Million | GBX44.61 Million | GBX306.06 Million | ▲ +31.4 pp |
| 1987 | -24.9% | GBX32.83 Million | GBX41.01 Million | GBX287.26 Million | — |