AXA SA (CS) — Tangible Net Worth Ratio
AXA SA (CS) has a Tangible Net Worth Ratio of 91.1% as of December 2025. This metric is calculated by deducting intangible assets (€4.40 Billion) from net assets (€49.50 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 AXA SA working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
AXA SA Tangible Net Worth Ratio (1997–2025)
This chart shows how AXA SA's Tangible Net Worth Ratio has changed across 29 annual periods from 1997 to 2025. As of December 2025, the ratio stands at 91.1%, reflecting net assets of €49.50 Billion with intangible assets of €4.40 Billion EUR. See CS days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for AXA SA (1997–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for AXA SA from 1997 to 2025, covering 29 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 how much is AXA SA worth.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 91.1% | €49.50 Billion | €4.40 Billion | €635.50 Billion | ▲ +0.3 pp |
| 2024 | 90.8% | €47.68 Billion | €4.40 Billion | €653.80 Billion | ▼ -0.4 pp |
| 2023 | 91.2% | €52.40 Billion | €4.63 Billion | €644.45 Billion | ▲ +2.3 pp |
| 2022 | 88.9% | €48.38 Billion | €5.39 Billion | €696.70 Billion | ▲ +16.6 pp |
| 2021 | 72.2% | €82.98 Billion | €23.04 Billion | €775.49 Billion | ▼ -1.8 pp |
| 2020 | 74.0% | €85.40 Billion | €22.21 Billion | €804.59 Billion | ▲ +2.1 pp |
| 2019 | 71.9% | €83.22 Billion | €23.38 Billion | €780.88 Billion | ▼ -19.3 pp |
| 2018 | 91.2% | €73.25 Billion | €6.44 Billion | €930.70 Billion | ▲ +24.5 pp |
| 2017 | 66.7% | €84.02 Billion | €27.94 Billion | €870.13 Billion | ▲ +0.6 pp |
| 2016 | 66.1% | €87.38 Billion | €29.61 Billion | €892.78 Billion | ▲ +1.8 pp |
| 2015 | 64.3% | €83.17 Billion | €29.67 Billion | €887.07 Billion | ▼ -1.7 pp |
| 2014 | 66.1% | €78.28 Billion | €26.57 Billion | €840.07 Billion | ▲ +5.4 pp |
| 2013 | 60.6% | €63.24 Billion | €24.89 Billion | €755.44 Billion | ▼ -28.6 pp |
| 2012 | 89.2% | €56.02 Billion | €6.04 Billion | €761.85 Billion | ▲ +75.8 pp |
| 2011 | 13.4% | €50.93 Billion | €44.10 Billion | €730.09 Billion | ▼ -79.8 pp |
| 2010 | 93.2% | €53.87 Billion | €3.65 Billion | €731.65 Billion | ▼ -3.1 pp |
| 2009 | 96.3% | €690.50 Billion | €25.55 Billion | €708.25 Billion | ▲ +2.9 pp |
| 2008 | 93.4% | €652.94 Billion | €43.30 Billion | €673.52 Billion | ▼ -3.2 pp |
| 2007 | 96.5% | €706.54 Billion | €24.42 Billion | €722.93 Billion | ▼ -0.2 pp |
| 2006 | 96.7% | €711.38 Billion | €23.30 Billion | €727.55 Billion | ▲ +2.6 pp |
| 2005 | 94.1% | €558.65 Billion | €32.73 Billion | €576.68 Billion | ▲ +6.9 pp |
| 2004 | 87.2% | €28.36 Billion | €3.62 Billion | €480.96 Billion | ▲ +0.3 pp |
| 2003 | 87.0% | €25.87 Billion | €3.37 Billion | €449.23 Billion | ▲ +1.8 pp |
| 2002 | 85.2% | €26.52 Billion | €3.92 Billion | €444.66 Billion | ▼ -0.1 pp |
| 2001 | 85.3% | €28.19 Billion | €4.13 Billion | €485.60 Billion | ▲ +0.1 pp |
| 2000 | 85.3% | €28.02 Billion | €4.13 Billion | €474.62 Billion | ▼ -3.0 pp |
| 1999 | 88.3% | €23.98 Billion | €2.81 Billion | €510.98 Billion | ▲ +5.3 pp |
| 1998 | 82.9% | €10.43 Billion | €1.78 Billion | €375.63 Billion | ▼ -9.8 pp |
| 1997 | 92.8% | €12.05 Billion | €870.15 Million | €361.35 Billion | — |