Toplivo AD (XBUL:TOPL) Goodwill: €0.00 Mil (As of Jun. 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.

XBUL:TOPL Toplivo AD XBUL:TOPL
47 GF Score
Price €3.90
GF Value €4.44
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Toplivo AD Goodwill?

Toplivo AD XBUL:TOPL 47 Goodwill is €0.00 Mil as of Jun. 2025. GuruFocus rates XBUL:TOPL with a GF Score™ of 47/100 and a GF Value™ of €4.44 (Modestly 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. Toplivo AD's goodwill for the quarter that ended in Jun. 2025 was €0.00 Mil.


Toplivo AD  (XBUL:TOPL) 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.

Toplivo AD's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Goodwill-to-Asset (A: Dec. 2024 )=Goodwill/Total Assets
=0/53.032
=0.00

Toplivo AD's Goodwill-to-Asset Ratio for the quarter that ended in Jun. 2025 is calculated as

Goodwill-to-Asset (Q: Jun. 2025 )=Goodwill/Total Assets
=0/57.699
=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.


Toplivo AD Goodwill Related Terms


Toplivo AD Goodwill Historical Data

* Premium members only.

The historical data trend for Toplivo AD'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.

Toplivo AD Goodwill Chart

Toplivo AD Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Toplivo AD Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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
XBUL:TOPL
47GF Score
Toplivo AD XBUL:TOPL
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toplivo AD 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 €0.00 Mil mean?
Toplivo AD (XBUL:TOPL) has a Goodwill of €0.00 Mil as of Jun. 2025. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Toplivo AD and its competitors.
Is Toplivo AD's Goodwill too high?
Toplivo AD's current Goodwill is €0.00 Mil. Overall, Toplivo AD has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toplivo AD's Goodwill compare to VLO and MPC?
Toplivo AD's Goodwill of €0.00 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 Toplivo AD and its competitors. Toplivo AD's current Goodwill is €0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toplivo AD stock overvalued right now?
Based on GuruFocus' analysis, Toplivo AD (XBUL:TOPL) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.44, compared to a current price of €3.90 — trading 12.2% below its estimated fair value. The current Goodwill is €0.00 Mil. Toplivo AD's overall GF Score™ is 47/100 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 Toplivo AD (XBUL:TOPL), the current Goodwill is €0.00 Mil as of Jun. 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 Toplivo AD (XBUL:TOPL) Overvalued in 2026?

Based on GuruFocus' analysis, Toplivo AD stock appears to be undervalued. The current stock price of €3.90 is trading 12.2% below its estimated GF Value™ of €4.44. GuruFocus considers Toplivo AD to be Modestly Undervalued.

Key valuation signals for XBUL:TOPL:

  • Goodwill: €0.00 Mil
  • GF Value™: €4.44 vs. price of €3.90 (12.2% below fair value)
  • GF Score™: 47/100 with 1 warning sign

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


Toplivo AD Business Description

Industry EnergyOil & Gas
Address Pavlina Unufrieva Street, Sofia, BGR, 15102
Toplivo AD is engaged in the provision of petroleum products like propane-butane, liquid petrol and liquid petroleum gas. It also offers construction and heating materials like firewood, wooden materials, decorating tiles, briquettes, wood, and metals.
47GF Score

Get the complete analysis for XBUL:TOPL

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

€3.90
Price
€4.44
GF Value