Banco Santander S.A. (SAN) — Tangible Net Worth Ratio
Banco Santander S.A. (SAN) has a Tangible Net Worth Ratio of 95.3% as of March 2026. This metric is calculated by deducting intangible assets (€5.28 Billion) from net assets (€112.55 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 Banco Santander S.A. book value and equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Banco Santander S.A. Tangible Net Worth Ratio (1991–2025)
This chart shows how Banco Santander S.A.'s Tangible Net Worth Ratio has changed across 35 annual periods from 1991 to 2025. As of March 2026, the ratio stands at 95.3%, reflecting net assets of €112.55 Billion with intangible assets of €5.28 Billion EUR. Also explore Banco Santander S.A. (SAN) net asset momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Banco Santander S.A. (1991–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Banco Santander S.A. from 1991 to 2025, covering 35 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 Banco Santander S.A. stock valuation.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 95.3% | €112.75 Billion | €5.35 Billion | €1.87 Trillion | ▲ +0.7 pp |
| 2024 | 94.6% | €107.33 Billion | €5.82 Billion | €1.84 Trillion | ▲ +0.2 pp |
| 2023 | 94.4% | €104.24 Billion | €5.85 Billion | €1.80 Trillion | ▼ -0.6 pp |
| 2022 | 95.0% | €97.58 Billion | €4.90 Billion | €1.73 Trillion | ▼ -1.0 pp |
| 2021 | 96.0% | €97.05 Billion | €3.87 Billion | €1.60 Trillion | ▼ -0.2 pp |
| 2020 | 96.2% | €91.32 Billion | €3.44 Billion | €1.51 Trillion | ▼ -0.7 pp |
| 2019 | 96.9% | €110.66 Billion | €3.44 Billion | €1.52 Trillion | ▼ -0.2 pp |
| 2018 | 97.1% | €107.36 Billion | €3.09 Billion | €1.46 Trillion | ▼ -0.2 pp |
| 2017 | 97.3% | €106.83 Billion | €2.91 Billion | €1.44 Trillion | ▼ -0.1 pp |
| 2016 | 97.4% | €102.70 Billion | €2.70 Billion | €1.34 Trillion | ▼ -0.1 pp |
| 2015 | 97.5% | €98.75 Billion | €2.47 Billion | €1.34 Trillion | ▲ +0.7 pp |
| 2014 | 96.8% | €89.71 Billion | €2.85 Billion | €1.27 Trillion | ▲ +0.5 pp |
| 2013 | 96.3% | €79.52 Billion | €2.96 Billion | €1.12 Trillion | ▲ +0.5 pp |
| 2012 | 95.8% | €81.19 Billion | €3.44 Billion | €1.27 Trillion | ▼ -0.6 pp |
| 2011 | 96.4% | €82.86 Billion | €2.99 Billion | €1.25 Trillion | ▲ +0.6 pp |
| 2010 | 95.7% | €80.91 Billion | €3.44 Billion | €1.22 Trillion | ▼ -0.5 pp |
| 2009 | 96.2% | €73.87 Billion | €2.78 Billion | €1.11 Trillion | ▼ -0.8 pp |
| 2008 | 97.0% | €60.00 Billion | €1.79 Billion | €1.05 Trillion | ▲ +0.8 pp |
| 2007 | 96.2% | €57.56 Billion | €2.20 Billion | €912.91 Billion | ▲ +1.4 pp |
| 2006 | 94.8% | €47.07 Billion | €2.44 Billion | €833.87 Billion | ▲ +0.4 pp |
| 2005 | 94.4% | €39.52 Billion | €2.21 Billion | €808.49 Billion | ▼ -4.5 pp |
| 2004 | 98.9% | €36.50 Billion | €412.73 Million | €664.49 Billion | ▲ +4.6 pp |
| 2003 | 94.3% | €105.90 Billion | €6.07 Billion | €351.18 Billion | ▲ +11.3 pp |
| 2002 | 82.9% | €27.23 Billion | €4.65 Billion | €324.50 Billion | ▼ -14.8 pp |
| 2001 | 97.8% | €250.04 Billion | €5.59 Billion | €358.76 Billion | ▲ +0.3 pp |
| 2000 | 97.5% | €236.68 Billion | €5.93 Billion | €349.90 Billion | ▼ -1.4 pp |
| 1999 | 98.9% | €224.60 Billion | €2.44 Billion | €256.83 Billion | ▼ -0.1 pp |
| 1998 | 99.0% | €140.35 Billion | €1.35 Billion | €154.99 Billion | ▼ -1.0 pp |
| 1997 | 100.0% | €143.36 Billion | €0.00 | €155.77 Billion | ▲ +3.0 pp |
| 1996 | 97.0% | €110.94 Billion | €3.33 Billion | €120.48 Billion | ▲ +0.3 pp |
| 1995 | 96.7% | €98.27 Billion | €3.25 Billion | €105.48 Billion | ▲ +0.6 pp |
| 1994 | 96.1% | €86.52 Billion | €3.39 Billion | €93.18 Billion | ▲ +443.9 pp |
| 1993 | -347.8% | €3.60 Billion | €16.11 Billion | €65.51 Billion | ▼ -428.9 pp |
| 1992 | 81.1% | €2.88 Billion | €543.78 Million | €50.82 Billion | ▼ -18.9 pp |
| 1991 | 100.0% | €2.52 Billion | €0.00 | €45.07 Billion | — |