Midea Real Estate Holding (HKSE:03990) Goodwill: HK$0 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:03990 Midea Real Estate Holding Ltd HKSE:03990
72 GF Score
Price HK$2.36
GF Value HK$3.92
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Midea Real Estate Holding Goodwill?

Midea Real Estate Holding HKSE:03990 +3.28% 72 Goodwill is HK$0 Mil as of Dec. 2025. GuruFocus rates HKSE:03990 with a GF Score™ of 72/100 and a GF Value™ of HK$3.92 (Possible Value Trap). The stock has 3 warning signs investors should review.

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Midea Real Estate Holding's goodwill for the quarter that ended in Dec. 2025 was HK$0 Mil.


Midea Real Estate Holding  (HKSE:03990) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Midea Real Estate Holding's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Goodwill-to-Asset (A: Dec. 2025 )=Goodwill/Total Assets
=0/10636.978
=0.00

Midea Real Estate Holding's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2025 is calculated as

Goodwill-to-Asset (Q: Dec. 2025 )=Goodwill/Total Assets
=0/10636.978
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Midea Real Estate Holding Goodwill Related Terms


Midea Real Estate Holding Goodwill Historical Data

* Premium members only.

The historical data trend for Midea Real Estate Holding's Goodwill can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Midea Real Estate Holding Goodwill Chart

Midea Real Estate Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.87 61.27 60.01 0.00 0.00

Midea Real Estate Holding Semi-Annual Data
Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Goodwill Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
HKSE:03990
72GF Score
Midea Real Estate Holding Ltd HKSE:03990
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Midea Real Estate Holding Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.

Frequently Asked Questions Learn more about Goodwill →
What does a Goodwill of HK$0 Mil mean?
Midea Real Estate Holding (HKSE:03990) has a Goodwill of HK$0 Mil as of Dec. 2025. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Midea Real Estate Holding and its competitors.
Is Midea Real Estate Holding's Goodwill too high?
Midea Real Estate Holding's current Goodwill is HK$0 Mil. Overall, Midea Real Estate Holding has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Midea Real Estate Holding's Goodwill compare to competitors?
Midea Real Estate Holding's Goodwill of HK$0 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill for a Real Estate company?
A good Goodwill depends on the Real Estate industry context. However, Goodwill should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Goodwill mean?
A high Goodwill can signal that a stock is expensive relative to its fundamentals. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Midea Real Estate Holding and its competitors. Midea Real Estate Holding's current Goodwill is HK$0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midea Real Estate Holding stock overvalued right now?
Based on GuruFocus' analysis, Midea Real Estate Holding (HKSE:03990) is currently considered Possible Value Trap. The stock's GF Value™ is HK$3.92, compared to a current price of HK$2.36 — trading 39.8% below its estimated fair value. The current Goodwill is HK$0 Mil. Midea Real Estate Holding's overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill calculated?
Goodwill is calculated from a company's financial statements. For Midea Real Estate Holding (HKSE:03990), the current Goodwill is HK$0 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Midea Real Estate Holding (HKSE:03990) Overvalued in 2026?

Based on GuruFocus' analysis, Midea Real Estate Holding stock appears to be undervalued. The current stock price of HK$2.36 is trading 39.8% below its estimated GF Value™ of HK$3.92. GuruFocus considers Midea Real Estate Holding to be Possible Value Trap.

Key valuation signals for HKSE:03990:

  • Goodwill: HK$0 Mil
  • GF Value™: HK$3.92 vs. price of HK$2.36 (39.8% below fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the HKSE:03990 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Midea Real Estate Holding Business Description

Other Exchanges MR9:Germany
Address No. 1 Chengde Road, 34th Floor, Tower 4, Midea Real Estate Plaza, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528311
Midea Real Estate Holding Ltd is a real estate development company that offers real estate services. It operates through principal business segments: Property management services business; Asset operation business; Real estate technology business; and Project management services business. The Property management services business generates the majority of the revenue.
72GF Score

Get the complete analysis for HKSE:03990

Goodwill is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$2.36
Price
HK$3.92
GF Value