Sandoz Group AG (SDZ) — Tangible Net Worth Ratio
Sandoz Group AG (SDZ) has a Tangible Net Worth Ratio of 80.1% as of December 2025. This metric is calculated by deducting intangible assets (CHF1.87 Billion) from net assets (CHF9.38 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 Sandoz Group AG book value and equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Sandoz Group AG Tangible Net Worth Ratio (2020–2025)
This chart shows how Sandoz Group AG's Tangible Net Worth Ratio has changed across 6 annual periods from 2020 to 2025. As of December 2025, the ratio stands at 80.1%, reflecting net assets of CHF9.38 Billion with intangible assets of CHF1.87 Billion CHF. Also explore SDZ year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Sandoz Group AG (2020–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Sandoz Group AG from 2020 to 2025, covering 6 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 market cap of Sandoz Group AG.
| Year | Tangible NW Ratio | Net Assets (CHF) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 80.1% | CHF9.38 Billion | CHF1.87 Billion | CHF22.03 Billion | ▼ -1.8 pp |
| 2024 | 81.9% | CHF8.16 Billion | CHF1.48 Billion | CHF19.91 Billion | ▼ -2.9 pp |
| 2023 | 84.8% | CHF8.65 Billion | CHF1.31 Billion | CHF19.43 Billion | ▲ +1884893.9 pp |
| 2022 | -1884809.1% | CHF77.14K | CHF1.45 Billion | CHF100.00K | ▼ -1884909.1 pp |
| 2021 | 100.0% | CHF7.44 Billion | CHF0.00 | CHF15.98 Billion | ▲ +0.0 pp |
| 2020 | 100.0% | CHF6.83 Billion | CHF0.00 | CHF15.86 Billion | — |