91APP (ROCO:6741) Goodwill: NT$826 Mil (As of Dec. 2025)


ROCO:6741 91APP Inc ROCO:6741
86 GF Score
Price NT$61.00
GF Value NT$134.08
Valuation Significantly Undervalued
! 1 Warning Sign
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What is 91APP Goodwill?

91APP ROCO:6741 +0.16% 86 Goodwill is NT$826 Mil as of Dec. 2025. GuruFocus rates ROCO:6741 with a GF Score™ of 86/100 and a GF Value™ of NT$134.08 (Significantly Undervalued). The stock has 1 warning sign 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. 91APP's goodwill for the quarter that ended in Dec. 2025 was NT$826 Mil.


91APP  (ROCO:6741) 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.

91APP'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
=825.603/5101.467
=0.16

91APP'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
=825.603/5101.467
=0.16

* 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.


91APP Goodwill Related Terms


91APP Goodwill Historical Data

* Premium members only.

The historical data trend for 91APP'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.

91APP Goodwill Chart

91APP Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Goodwill
Get a 7-Day Free Trial 2.97 3.29 3.29 3.52 825.60

91APP 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 3.52 3.56 3.14 3.27 825.60
ROCO:6741
86GF Score
91APP Inc ROCO:6741
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
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91APP 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 NT$826 Mil mean?
91APP (ROCO:6741) has a Goodwill of NT$826 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 91APP and its competitors.
Is 91APP's Goodwill too high?
91APP's current Goodwill is NT$826 Mil. Overall, 91APP has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 91APP's Goodwill compare to MSFT and ORCL?
91APP's Goodwill of NT$826 Mil can be compared against companies in the Software 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 Software company?
A good Goodwill depends on the Software 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 91APP and its competitors. 91APP's current Goodwill is NT$826 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 91APP stock overvalued right now?
Based on GuruFocus' analysis, 91APP (ROCO:6741) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$134.08, compared to a current price of NT$61.00 — trading 54.5% below its estimated fair value. The current Goodwill is NT$826 Mil. 91APP's overall GF Score™ is 86/100 with 1 warning sign 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 91APP (ROCO:6741), the current Goodwill is NT$826 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 91APP (ROCO:6741) Overvalued in 2026?

Based on GuruFocus' analysis, 91APP stock appears to be undervalued. The current stock price of NT$61.00 is trading 54.5% below its estimated GF Value™ of NT$134.08. GuruFocus considers 91APP to be Significantly Undervalued.

Key valuation signals for ROCO:6741:

  • Goodwill: NT$826 Mil
  • GF Value™: NT$134.08 vs. price of NT$61.00 (54.5% below fair value)
  • GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the ROCO:6741 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


91APP Business Description

Address Lane 768, Bade Road, 6th Floor, No. 5, Section 4, Nangang District, Taipei, TWN, 115
91APP Inc is mainly engaged in the general investment business, software design services and software retail, data processing services, information technology consultancy services, product design, wholesale of computer and business machinery equipment, and other related information technology businesses. It operates through the E-commerce software and marketing services segment, which generates maximum revenue, and the Restaurant software and consulting services segment, which provide e-commerce and digital marketing solutions and smart restaurant technology services. Its products include Commerce Cloud, Marketing Cloud, and 91APP Payments, and solutions include OMO (Online-Merge-Offline), retail digital transformation, and Retail AI jooii. It generates maximum revenue from Taiwan.
86GF Score

Get the complete analysis for ROCO:6741

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

NT$61.00
Price
NT$134.08
GF Value