Oando (JSE:OAO) Goodwill: R10,770 Mil (As of Dec. 2025)


JSE:OAO Oando PLC JSE:OAO
48 GF Score
Price R0.19
GF Value R0.26
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Oando Goodwill?

Oando JSE:OAO 48 Goodwill is R10,770 Mil as of Dec. 2025. GuruFocus rates JSE:OAO with a GF Score™ of 48/100 and a GF Value™ of R0.26 (Modestly Undervalued). The stock has 7 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. Oando's goodwill for the quarter that ended in Dec. 2025 was R10,770 Mil.


Oando  (JSE:OAO) 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.

Oando'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
=10770.21/80212.062
=0.13

Oando'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
=10770.21/80212.062
=0.13

* 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.


Oando Goodwill Related Terms


Oando Goodwill Historical Data

* Premium members only.

The historical data trend for Oando'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.

Oando Goodwill Chart

Oando Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec21 Dec22 Dec23 Dec24 Dec25
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,264.25 3,369.68 6,749.07 11,521.07 10,770.21

Oando Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 11,521.07 11,528.56 11,475.24 11,067.30 10,770.21
JSE:OAO
48GF Score
Oando PLC JSE:OAO
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
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Oando 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 R10,770 Mil mean?
Oando (JSE:OAO) has a Goodwill of R10,770 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 Oando and its competitors.
Is Oando's Goodwill too high?
Oando's current Goodwill is R10,770 Mil. Overall, Oando has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oando's Goodwill compare to VLO and MPC?
Oando's Goodwill of R10,770 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Goodwill depends on the Oil & Gas 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 Oando and its competitors. Oando's current Goodwill is R10,770 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oando stock overvalued right now?
Based on GuruFocus' analysis, Oando (JSE:OAO) is currently considered Modestly Undervalued. The stock's GF Value™ is R0.26, compared to a current price of R0.19 — trading 26.9% below its estimated fair value. The current Goodwill is R10,770 Mil. Oando's overall GF Score™ is 48/100 with 7 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 Oando (JSE:OAO), the current Goodwill is R10,770 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 Oando (JSE:OAO) Overvalued in 2026?

Based on GuruFocus' analysis, Oando stock appears to be undervalued. The current stock price of R0.19 is trading 26.9% below its estimated GF Value™ of R0.26. GuruFocus considers Oando to be Modestly Undervalued.

Key valuation signals for JSE:OAO:

  • Goodwill: R10,770 Mil
  • GF Value™: R0.26 vs. price of R0.19 (26.9% below fair value)
  • GF Score™: 48/100 with 7 warning signs

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


Oando Business Description

Industry EnergyOil & Gas
Other Exchanges OANDO:Nigeria
Address Ozumba Mbadiwe Avenue, 17a The Wings Complex, Victoria Island, Lagos, NGA
Oando PLC makes strategic investments in energy companies. Through its subsidiaries, the company is engaged in exploration and production, Supply and trading of petroleum products, and Mining and infrastructure development. The group has four operating segments: (i) Exploration and production. (ii) Supply and Trading (iii) Mining & infrastructure development, (iv) Corporate, and others. The majority of its revenue is generated from Supply and Trading which involves trading crude, refined, and unrefined petroleum products.
48GF Score

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

R0.19
Price
R0.26
GF Value