Orange S.A. (ORA) — Tangible Net Worth Ratio
Orange S.A. (ORA) has a Tangible Net Worth Ratio of 56.3% as of December 2025. This metric is calculated by deducting intangible assets (€12.51 Billion) from net assets (€28.66 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 what is Orange S.A.'s book value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Orange S.A. Tangible Net Worth Ratio (1997–2025)
This chart shows how Orange S.A.'s Tangible Net Worth Ratio has changed across 28 annual periods from 1997 to 2025. As of December 2025, the ratio stands at 56.3%, reflecting net assets of €28.66 Billion with intangible assets of €12.51 Billion EUR. Also explore Orange S.A. annual equity growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Orange S.A. (1997–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Orange S.A. from 1997 to 2025, covering 28 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 Orange S.A. market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 56.3% | €28.66 Billion | €12.51 Billion | €110.80 Billion | ▼ -8.2 pp |
| 2024 | 64.6% | €35.16 Billion | €12.46 Billion | €103.87 Billion | ▲ +7.6 pp |
| 2023 | 57.0% | €35.10 Billion | €15.10 Billion | €110.05 Billion | ▲ +83.8 pp |
| 2022 | -26.8% | €30.01 Billion | €38.06 Billion | €113.17 Billion | ▲ +4.2 pp |
| 2021 | -31.0% | €29.86 Billion | €39.13 Billion | €111.32 Billion | ▲ +5.1 pp |
| 2020 | -36.1% | €31.40 Billion | €42.73 Billion | €110.92 Billion | ▲ +12.0 pp |
| 2019 | -48.1% | €28.61 Billion | €42.38 Billion | €110.11 Billion | ▼ -105.8 pp |
| 2018 | 57.7% | €33.25 Billion | €14.07 Billion | €96.59 Billion | ▲ +0.5 pp |
| 2017 | 57.2% | €33.51 Billion | €14.34 Billion | €95.35 Billion | ▲ +0.4 pp |
| 2016 | 56.9% | €33.84 Billion | €14.60 Billion | €95.41 Billion | ▼ -0.1 pp |
| 2015 | 56.9% | €33.27 Billion | €14.33 Billion | €91.43 Billion | ▼ -5.8 pp |
| 2014 | 62.7% | €31.70 Billion | €11.81 Billion | €88.40 Billion | ▲ +7.3 pp |
| 2013 | 55.4% | €26.33 Billion | €11.74 Billion | €85.83 Billion | ▲ +0.2 pp |
| 2012 | 55.2% | €26.38 Billion | €11.82 Billion | €89.98 Billion | ▼ -6.5 pp |
| 2011 | 61.7% | €29.59 Billion | €11.34 Billion | €96.08 Billion | ▼ -2.5 pp |
| 2010 | 64.2% | €31.55 Billion | €11.30 Billion | €94.28 Billion | ▲ +0.3 pp |
| 2009 | 63.9% | €28.75 Billion | €10.38 Billion | €92.04 Billion | ▲ +10.2 pp |
| 2008 | 53.7% | €31.27 Billion | €14.49 Billion | €95.52 Billion | ▲ +2.2 pp |
| 2007 | 51.5% | €34.38 Billion | €16.68 Billion | €101.34 Billion | ▲ +10.6 pp |
| 2006 | 40.9% | €31.64 Billion | €18.71 Billion | €103.17 Billion | ▲ +7.2 pp |
| 2005 | 33.7% | €28.42 Billion | €18.85 Billion | €109.27 Billion | ▲ +12.9 pp |
| 2004 | 20.8% | €19.72 Billion | €15.62 Billion | €96.25 Billion | ▲ +156.4 pp |
| 2003 | -135.6% | €17.96 Billion | €42.32 Billion | €99.66 Billion | ▼ -53.5 pp |
| 2001 | -82.1% | €29.24 Billion | €53.24 Billion | €127.58 Billion | ▼ -33.4 pp |
| 2000 | -48.7% | €35.29 Billion | €52.48 Billion | €129.94 Billion | ▼ -138.2 pp |
| 1999 | 89.5% | €20.29 Billion | €2.13 Billion | €54.10 Billion | ▼ -2.0 pp |
| 1998 | 91.5% | €17.79 Billion | €1.52 Billion | €46.21 Billion | ▼ -3.8 pp |
| 1997 | 95.2% | €14.33 Billion | €680.91 Million | €42.31 Billion | — |