B2Gold (NAM:B2G) Goodwill: R0 Mil (As of Mar. 2026)


NAM:B2G B2Gold Corp NAM:B2G
89 GF Score
Price R56.42
GF Value R72.61
! 6 Warning Signs
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What is B2Gold Goodwill?

B2Gold NAM:B2G 89 Goodwill is R0 Mil as of Mar. 2026. GuruFocus rates NAM:B2G with a GF Score™ of 89/100 and a GF Value™ of R72.61. The stock has 6 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. B2Gold's goodwill for the quarter that ended in Mar. 2026 was R0 Mil.


B2Gold  (NAM:B2G) 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.

B2Gold'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
=0/98964.762
=0.00

B2Gold's Goodwill-to-Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

Goodwill-to-Asset (Q: Mar. 2026 )=Goodwill/Total Assets
=0/99903.974
=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.


B2Gold Goodwill Related Terms


B2Gold Goodwill Historical Data

* Premium members only.

The historical data trend for B2Gold'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.

B2Gold Goodwill Chart

B2Gold 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 0.00 0.00 0.00 0.00 0.00

B2Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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
NAM:B2G
89GF Score
B2Gold Corp NAM:B2G
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
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B2Gold 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 R0 Mil mean?
B2Gold (NAM:B2G) has a Goodwill of R0 Mil as of Mar. 2026. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on B2Gold and its competitors.
Is B2Gold's Goodwill too high?
B2Gold's current Goodwill is R0 Mil. Overall, B2Gold has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does B2Gold's Goodwill compare to NEM and AU?
B2Gold's Goodwill of R0 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Goodwill depends on the Metals & Mining 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 B2Gold and its competitors. B2Gold's current Goodwill is R0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B2Gold stock overvalued right now?
B2Gold (NAM:B2G) has a current Goodwill of R0 Mil. The stock's GF Value™ is R72.61, compared to a current price of R56.42 — trading 22.3% below its estimated fair value. The current Goodwill is R0 Mil. B2Gold's overall GF Score™ is 89/100 with 6 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 B2Gold (NAM:B2G), the current Goodwill is R0 Mil as of Mar. 2026. 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 B2Gold (NAM:B2G) Overvalued in 2026?

Based on GuruFocus' analysis, B2Gold stock appears to be undervalued. The current stock price of R56.42 is trading 22.3% below its estimated GF Value™ of R72.61.

Key valuation signals for NAM:B2G:

  • Goodwill: R0 Mil
  • GF Value™: R72.61 vs. price of R56.42 (22.3% below fair value)
  • GF Score™: 89/100 with 6 warning signs

No single metric tells the full story. See the NAM:B2G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


B2Gold Business Description

Address 666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other assets include the Gramalote gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.
89GF Score

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

R56.42
Price
R72.61
GF Value