The J. M. Smucker Company (SJM) — Tangible Net Worth Ratio
The J. M. Smucker Company (SJM) has a Tangible Net Worth Ratio of -3.1% as of October 2025. This metric is calculated by deducting intangible assets ($6.25 Billion) from net assets ($6.06 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 The J. M. Smucker Company net assets for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
The J. M. Smucker Company Tangible Net Worth Ratio (1986–2025)
This chart shows how The J. M. Smucker Company's Tangible Net Worth Ratio has changed across 40 annual periods from 1986 to 2025. As of October 2025, the ratio stands at -3.1%, reflecting net assets of $6.06 Billion with intangible assets of $6.25 Billion USD. Also explore SJM year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for The J. M. Smucker Company (1986–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for The J. M. Smucker Company 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. For the full company profile including market capitalisation, see The J. M. Smucker Company stock valuation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -4.3% | $6.08 Billion | $6.35 Billion | $17.56 Billion | ▼ -10.0 pp |
| 2024 | 5.7% | $7.69 Billion | $7.26 Billion | $20.27 Billion | ▼ -33.5 pp |
| 2023 | 39.2% | $7.29 Billion | $4.43 Billion | $14.99 Billion | ▲ +8.7 pp |
| 2022 | 30.6% | $8.14 Billion | $5.65 Billion | $16.05 Billion | ▲ +4.9 pp |
| 2021 | 25.6% | $8.12 Billion | $6.04 Billion | $16.28 Billion | ▲ +4.1 pp |
| 2020 | 21.5% | $8.19 Billion | $6.43 Billion | $16.97 Billion | ▲ +5.8 pp |
| 2019 | 15.7% | $7.97 Billion | $6.72 Billion | $16.71 Billion | ▼ -9.3 pp |
| 2018 | 25.0% | $7.89 Billion | $5.92 Billion | $15.30 Billion | ▲ +14.8 pp |
| 2017 | 10.2% | $6.85 Billion | $6.15 Billion | $15.64 Billion | ▲ +2.9 pp |
| 2016 | 7.3% | $7.01 Billion | $6.49 Billion | $15.98 Billion | ▲ +5.4 pp |
| 2015 | 1.9% | $7.09 Billion | $6.95 Billion | $16.81 Billion | ▼ -37.9 pp |
| 2014 | 39.9% | $5.03 Billion | $3.02 Billion | $9.06 Billion | ▼ -0.1 pp |
| 2013 | 40.0% | $5.15 Billion | $3.09 Billion | $9.03 Billion | ▲ +1.7 pp |
| 2012 | 38.3% | $5.16 Billion | $3.19 Billion | $9.12 Billion | ▼ -6.2 pp |
| 2011 | 44.4% | $5.29 Billion | $2.94 Billion | $8.32 Billion | ▲ +1.3 pp |
| 2010 | 43.2% | $5.33 Billion | $3.03 Billion | $7.97 Billion | ▲ +5.9 pp |
| 2009 | 37.3% | $4.94 Billion | $3.10 Billion | $8.19 Billion | ▼ -28.6 pp |
| 2008 | 65.9% | $1.80 Billion | $614.00 Million | $3.13 Billion | ▼ -7.5 pp |
| 2007 | 73.4% | $1.80 Billion | $478.19 Million | $2.69 Billion | ▲ +0.7 pp |
| 2006 | 72.6% | $1.73 Billion | $472.92 Million | $2.65 Billion | ▲ +56.7 pp |
| 2005 | 16.0% | $1.69 Billion | $1.42 Billion | $2.64 Billion | ▼ -14.6 pp |
| 2004 | 30.5% | $1.21 Billion | $840.90 Million | $1.68 Billion | ▲ +5.8 pp |
| 2003 | 24.7% | $1.12 Billion | $846.35 Million | $1.62 Billion | ▼ -70.0 pp |
| 2002 | 94.7% | $280.14 Million | $14.82 Million | $524.89 Million | ▼ -0.6 pp |
| 2001 | 95.3% | $250.78 Million | $11.85 Million | $479.10 Million | ▼ -0.5 pp |
| 2000 | 95.8% | $320.61 Million | $13.49 Million | $477.70 Million | ▲ +0.4 pp |
| 1999 | 95.4% | $331.55 Million | $15.26 Million | $437.66 Million | ▼ -1.5 pp |
| 1998 | 96.9% | $308.93 Million | $9.69 Million | $410.69 Million | ▲ +12.4 pp |
| 1997 | 84.4% | $291.90 Million | $45.40 Million | $384.80 Million | ▲ +0.4 pp |
| 1996 | 84.0% | $276.30 Million | $44.10 Million | $425.00 Million | ▼ -0.2 pp |
| 1995 | 84.3% | $258.00 Million | $40.60 Million | $421.00 Million | ▲ +0.6 pp |
| 1994 | 83.6% | $234.40 Million | $38.33 Million | $378.64 Million | ▼ -5.8 pp |
| 1993 | 89.5% | $220.50 Million | $23.20 Million | $294.80 Million | ▼ -0.6 pp |
| 1992 | 90.1% | $212.20 Million | $21.00 Million | $277.80 Million | ▲ +1.9 pp |
| 1991 | 88.2% | $190.20 Million | $22.50 Million | $252.40 Million | ▲ +2.2 pp |
| 1990 | 85.9% | $167.10 Million | $23.50 Million | $224.80 Million | ▼ -4.4 pp |
| 1989 | 90.3% | $144.50 Million | $14.00 Million | $198.50 Million | ▼ -0.4 pp |
| 1988 | 90.7% | $125.30 Million | $11.60 Million | $170.00 Million | ▼ -1.7 pp |
| 1987 | 92.5% | $107.50 Million | $8.10 Million | $152.90 Million | ▲ +1.5 pp |
| 1986 | 91.0% | $94.50 Million | $8.50 Million | $132.20 Million | — |