Pierre et Vacances SA (VAC) — Tangible Net Worth Ratio
Pierre et Vacances SA (VAC) has a Tangible Net Worth Ratio of 48.0% as of September 2019. This metric is calculated by deducting intangible assets (€130.68 Million) from net assets (€251.45 Million) 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 VAC net assets growth trend to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Pierre et Vacances SA Tangible Net Worth Ratio (2004–2019)
This chart shows how Pierre et Vacances SA's Tangible Net Worth Ratio has changed across 16 annual periods from 2004 to 2019. As of September 2019, the ratio stands at 48.0%, reflecting net assets of €251.45 Million with intangible assets of €130.68 Million EUR. For live market cap and overall valuation, see Pierre et Vacances SA stock valuation.
Annual Tangible Net Worth Ratio for Pierre et Vacances SA (2004–2019)
The table below presents the year-by-year Tangible Net Worth Ratio for Pierre et Vacances SA from 2004 to 2019, covering 16 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 VAC capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2019 | 48.0% | €251.45 Million | €130.68 Million | €1.52 Billion | ▼ -8.4 pp |
| 2018 | 56.4% | €285.81 Million | €124.61 Million | €1.49 Billion | ▼ -6.2 pp |
| 2017 | 62.6% | €326.88 Million | €122.15 Million | €1.49 Billion | ▼ -5.1 pp |
| 2016 | 67.7% | €378.92 Million | €122.41 Million | €1.45 Billion | ▲ +0.6 pp |
| 2015 | 67.1% | €364.17 Million | €119.81 Million | €1.40 Billion | ▼ -0.1 pp |
| 2014 | 67.2% | €374.31 Million | €122.73 Million | €1.59 Billion | ▼ -1.8 pp |
| 2013 | 69.0% | €396.94 Million | €122.90 Million | €1.64 Billion | ▼ -5.2 pp |
| 2012 | 74.2% | €450.22 Million | €116.21 Million | €1.58 Billion | ▼ -2.6 pp |
| 2011 | 76.8% | €493.74 Million | €114.37 Million | €1.68 Billion | ▼ -0.9 pp |
| 2010 | 77.7% | €486.85 Million | €108.59 Million | €1.55 Billion | ▲ +8.6 pp |
| 2009 | 69.1% | €490.95 Million | €151.93 Million | €1.51 Billion | ▼ -0.9 pp |
| 2008 | 69.9% | €470.03 Million | €141.41 Million | €1.69 Billion | ▲ +2.0 pp |
| 2007 | 67.9% | €425.32 Million | €136.34 Million | €1.49 Billion | ▲ +2.1 pp |
| 2006 | 65.9% | €368.84 Million | €125.93 Million | €1.28 Billion | ▲ +2.0 pp |
| 2005 | 63.9% | €336.95 Million | €121.71 Million | €1.41 Billion | ▼ -5.6 pp |
| 2004 | 69.4% | €314.71 Million | €96.20 Million | €1.18 Billion | — |