Telefonica Tangible Net Worth Ratio
Telefonica tangible net worth ratio. Telefonica (TEF) has a Tangible Net Worth Ratio of 17.6% as of June 2026. This metric is calculated by deducting intangible assets (€8.87 Billion) from net assets (€10.77 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 Telefonica 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
Tangible Net Worth Ratio of Telefonica (1987–2025)
Tangible net worth ratio of Telefonica from 1987 to 2025. This chart shows how Telefonica's Tangible Net Worth Ratio has changed across 37 annual periods from 1987 to 2025. As of June 2026, the ratio stands at 17.6%, reflecting net assets of €10.77 Billion with intangible assets of €8.87 Billion EUR. Check Telefonica (TEF) strategic investment index to assess the company's strategic physical and investment asset allocation.
Telefonica Tangible Net Worth Ratio by Year (1987–2025)
Telefonica tangible net worth ratio by year from 1987 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for Telefonica from 1987 to 2025, covering 37 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 live market cap and overall valuation, see TEF company net worth.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 48.8% | €17.81 Billion | €9.11 Billion | €92.02 Billion | ▼ -7.8 pp |
| 2024 | 56.6% | €22.75 Billion | €9.88 Billion | €100.50 Billion | ▼ -1.4 pp |
| 2023 | 58.0% | €27.10 Billion | €11.37 Billion | €104.32 Billion | ▼ -4.1 pp |
| 2022 | 62.1% | €31.71 Billion | €12.02 Billion | €109.64 Billion | ▲ +3.0 pp |
| 2021 | 59.1% | €28.68 Billion | €11.72 Billion | €109.21 Billion | ▲ +22.0 pp |
| 2020 | 37.1% | €18.26 Billion | €11.49 Billion | €105.05 Billion | ▲ +0.1 pp |
| 2019 | 37.0% | €25.45 Billion | €16.03 Billion | €118.88 Billion | ▼ -0.5 pp |
| 2018 | 37.5% | €26.98 Billion | €16.86 Billion | €114.05 Billion | ▲ +5.2 pp |
| 2017 | 32.4% | €26.62 Billion | €18.00 Billion | €115.07 Billion | ▲ +4.6 pp |
| 2016 | 27.7% | €28.39 Billion | €20.52 Billion | €123.64 Billion | ▼ -4.9 pp |
| 2015 | 32.6% | €27.56 Billion | €18.56 Billion | €122.97 Billion | ▲ +6.4 pp |
| 2014 | 26.2% | €30.29 Billion | €22.35 Billion | €122.30 Billion | ▼ -6.3 pp |
| 2013 | 32.5% | €27.48 Billion | €18.55 Billion | €118.86 Billion | ▲ +12.3 pp |
| 2012 | 20.2% | €27.66 Billion | €22.08 Billion | €129.77 Billion | ▲ +8.1 pp |
| 2011 | 12.1% | €27.38 Billion | €24.06 Billion | €129.62 Billion | ▼ -8.9 pp |
| 2010 | 21.0% | €31.68 Billion | €25.03 Billion | €129.78 Billion | ▼ -13.7 pp |
| 2009 | 34.7% | €24.27 Billion | €15.85 Billion | €108.14 Billion | ▲ +16.1 pp |
| 2008 | 18.6% | €19.56 Billion | €15.92 Billion | €99.90 Billion | ▼ -1.2 pp |
| 2007 | 19.8% | €22.86 Billion | €18.32 Billion | €105.87 Billion | ▲ +23.6 pp |
| 2006 | -3.8% | €20.00 Billion | €20.76 Billion | €108.98 Billion | ▲ +0.1 pp |
| 2005 | -3.9% | €16.15 Billion | €16.77 Billion | €73.12 Billion | ▼ -24.7 pp |
| 2004 | 20.8% | €19.99 Billion | €15.83 Billion | €63.42 Billion | ▼ -14.4 pp |
| 2003 | 35.2% | €21.15 Billion | €13.70 Billion | €61.97 Billion | ▼ -31.1 pp |
| 2002 | 66.3% | €22.61 Billion | €7.63 Billion | €68.04 Billion | ▲ +44.6 pp |
| 2001 | 21.6% | €33.31 Billion | €26.10 Billion | €86.46 Billion | ▼ -0.6 pp |
| 2000 | 22.3% | €35.25 Billion | €27.40 Billion | €92.34 Billion | ▼ -33.1 pp |
| 1999 | 55.3% | €25.17 Billion | €11.25 Billion | €64.33 Billion | ▲ +8.2 pp |
| 1998 | 47.1% | €17.04 Billion | €9.01 Billion | €49.54 Billion | ▼ -26.0 pp |
| 1997 | 73.2% | €14.32 Billion | €3.84 Billion | €37.36 Billion | ▼ -11.8 pp |
| 1996 | 84.9% | €13.71 Billion | €2.07 Billion | €33.28 Billion | ▲ +4.5 pp |
| 1995 | 80.4% | €11.92 Billion | €2.34 Billion | €30.87 Billion | ▲ +3.8 pp |
| 1994 | 76.6% | €9.37 Billion | €2.19 Billion | €29.48 Billion | ▼ -20.8 pp |
| 1991 | 97.4% | €10.29 Billion | €268.66 Million | €28.77 Billion | ▼ -1.2 pp |
| 1990 | 98.6% | €9.89 Billion | €136.10 Million | €25.15 Billion | ▼ -0.5 pp |
| 1989 | 99.1% | €9.41 Billion | €82.06 Million | €21.92 Billion | ▼ -0.4 pp |
| 1988 | 99.5% | €9.10 Billion | €47.44 Million | €17.66 Billion | ▼ -0.5 pp |
| 1987 | 99.9% | €8.50 Billion | €5.15 Million | €15.41 Billion | — |