XMH Holdings (SGX:BQF) Goodwill: S$8.5 Mil (As of Apr. 2026)

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SGX:BQF XMH Holdings Ltd SGX:BQF
56 GF Score
Price S$2.25
GF Value S$0.85
Valuation Significantly Overvalued
! 3 Warning Signs
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What is XMH Holdings Goodwill?

XMH Holdings SGX:BQF -1.75% 56 Goodwill is S$8.5 Mil as of Apr. 2026. GuruFocus rates SGX:BQF with a GF Score™ of 56/100 and a GF Value™ of S$0.85 (Significantly Overvalued). 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. XMH Holdings's goodwill for the quarter that ended in Apr. 2026 was S$8.5 Mil.


XMH Holdings  (SGX:BQF) 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.

XMH Holdings's Goodwill-to-Asset Ratio for the fiscal year that ended in Apr. 2026 is calculated as

Goodwill-to-Asset (A: Apr. 2026 )=Goodwill/Total Assets
=8.506/188.078
=0.05

XMH Holdings's Goodwill-to-Asset Ratio for the quarter that ended in Apr. 2026 is calculated as

Goodwill-to-Asset (Q: Apr. 2026 )=Goodwill/Total Assets
=8.506/188.078
=0.05

* 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.


XMH Holdings Goodwill Related Terms


XMH Holdings Goodwill Historical Data

* Premium members only.

The historical data trend for XMH Holdings'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.

XMH Holdings Goodwill Chart

XMH Holdings Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.51 8.51 8.51 8.51 8.51

XMH Holdings Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 8.51 8.51 8.51 8.51 8.51
SGX:BQF
56GF Score
XMH Holdings Ltd SGX:BQF
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
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XMH Holdings 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 S$8.5 Mil mean?
XMH Holdings (SGX:BQF) has a Goodwill of S$8.5 Mil as of Apr. 2026. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on XMH Holdings and its competitors.
Is XMH Holdings' Goodwill too high?
XMH Holdings' current Goodwill is S$8.5 Mil. Overall, XMH Holdings has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does XMH Holdings' Goodwill compare to GEV and ETN?
XMH Holdings' Goodwill of S$8.5 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Goodwill depends on the Industrial Products 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 XMH Holdings and its competitors. XMH Holdings's current Goodwill is S$8.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XMH Holdings stock overvalued right now?
Based on GuruFocus' analysis, XMH Holdings (SGX:BQF) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.85, compared to a current price of S$2.25 — trading 164.7% above its estimated fair value. The current Goodwill is S$8.5 Mil. XMH Holdings' overall GF Score™ is 56/100 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 XMH Holdings (SGX:BQF), the current Goodwill is S$8.5 Mil as of Apr. 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 XMH Holdings (SGX:BQF) Overvalued in 2026?

Based on GuruFocus' analysis, XMH Holdings stock appears to be overvalued. The current stock price of S$2.25 is trading 164.7% above its estimated GF Value™ of S$0.85. GuruFocus considers XMH Holdings to be Significantly Overvalued.

Key valuation signals for SGX:BQF:

  • Goodwill: S$8.5 Mil
  • GF Value™: S$0.85 vs. price of S$2.25 (164.7% above fair value)
  • GF Score™: 56/100 with 3 warning signs

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


XMH Holdings Business Description

Address 55 Tuas Crescent, No. 07-01, Singapore, SGP, 638743
XMH Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is predominantly engaged as a diesel engine, propulsion, and power generating solutions provider to customers in the marine and industrial sectors across Asia. Its reportable segments are; Distribution, After-sales, and Project. The maximum revenue is generated from its Distribution segment which comprises distribution of propulsion engines. The After-sales segment relates to after-sales services provided which includes services/jobs, sales of spare parts, and other trading; and the Project segment relates to manufacturing, sales, and commission of power generator sets and the manufacturing of marine equipment and related repair services. Geographically, it derives key revenue from Indonesia.
56GF Score

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

S$2.25
Price
S$0.85
GF Value