Kenvue Inc. (KVUE) — Tangible Net Worth Ratio
Kenvue Inc. (KVUE) has a Tangible Net Worth Ratio of 18.0% as of September 2025. This metric is calculated by deducting intangible assets ($8.72 Billion) from net assets ($10.63 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 KVUE 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
Kenvue Inc. Tangible Net Worth Ratio (2020–2024)
This chart shows how Kenvue Inc.'s Tangible Net Worth Ratio has changed across 5 annual periods from 2020 to 2024. As of September 2025, the ratio stands at 18.0%, reflecting net assets of $10.63 Billion with intangible assets of $8.72 Billion USD. For live market cap and overall valuation, see how much is Kenvue Inc. worth.
Annual Tangible Net Worth Ratio for Kenvue Inc. (2020–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Kenvue Inc. from 2020 to 2024, covering 5 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 capital reinvestment ratio of Kenvue Inc. to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 12.4% | $9.67 Billion | $8.47 Billion | $25.60 Billion | ▼ -1.9 pp |
| 2023 | 14.2% | $11.21 Billion | $9.62 Billion | $27.85 Billion | ▼ -36.5 pp |
| 2022 | 50.7% | $19.97 Billion | $9.85 Billion | $27.32 Billion | ▲ +3.1 pp |
| 2021 | 47.5% | $20.40 Billion | $10.70 Billion | $27.93 Billion | ▲ +10.8 pp |
| 2020 | 36.8% | $18.36 Billion | $11.61 Billion | $29.18 Billion | — |