Qualitas (ASX:QAL) Goodwill-to-Asset: 0.00 (As of Dec. 2025)

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ASX:QAL Qualitas Ltd ASX:QAL
63 GF Score
Price A$3.26
GF Value A$3.66
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Qualitas Goodwill-to-Asset?

Qualitas ASX:QAL -1.21% 63 Goodwill-to-Asset is 0.00 as of Dec. 2025. GuruFocus rates ASX:QAL with a GF Score™ of 63/100 and a GF Value™ of A$3.66 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Qualitas's Goodwill for the quarter that ended in Dec. 2025 was A$0.0 Mil. Qualitas's Total Assets for the quarter that ended in Dec. 2025 was A$473.3 Mil. Therefore, Qualitas's Goodwill to Asset Ratio for the quarter that ended in Dec. 2025 was 0.00.


Qualitas  (ASX:QAL) Goodwill-to-Asset Explanation

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.


Qualitas Goodwill-to-Asset Related Terms


Qualitas Goodwill-to-Asset Historical Data

* Premium members only.

The historical data trend for Qualitas's Goodwill-to-Asset 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.

Qualitas Goodwill-to-Asset Chart

Qualitas Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Goodwill-to-Asset
0.00 0.00 0.00 0.00 0.00

Qualitas Semi-Annual Data
Jun21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Goodwill-to-Asset Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

ASX:QAL vs BLK, BX, KKR: Goodwill-to-Asset Comparison

For the Asset Management subindustry, Qualitas's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Qualitas Goodwill-to-Asset vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Qualitas's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Qualitas's Goodwill-to-Asset falls into.


ASX:QAL
63GF Score
Qualitas Ltd ASX:QAL
Goodwill-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Qualitas Goodwill-to-Asset Calculation

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.

Qualitas's Goodwill to Asset Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Goodwill to Asset (A: Jun. 2025 )=Goodwill/Total Assets
=0/481.745
=0.00

Qualitas'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
=0/473.343
=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.

Frequently Asked Questions Learn more about Goodwill-to-Asset →
What does a Goodwill-to-Asset of 0.00 mean?
Qualitas (ASX:QAL) has a Goodwill-to-Asset of 0.00 as of Dec. 2025. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Qualitas and its competitors.
Is Qualitas' Goodwill-to-Asset too high?
Qualitas' current Goodwill-to-Asset is 0.00. Overall, Qualitas has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qualitas' Goodwill-to-Asset compare to BLK and BX?
Qualitas' Goodwill-to-Asset of 0.00 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill-to-Asset for an Asset Management company?
A good Goodwill-to-Asset depends on the Asset Management industry context. However, Goodwill-to-Asset 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-to-Asset mean?
A high Goodwill-to-Asset can signal that a stock is expensive relative to its fundamentals. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Qualitas and its competitors. Qualitas's current Goodwill-to-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualitas stock overvalued right now?
Based on GuruFocus' analysis, Qualitas (ASX:QAL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.66, compared to a current price of A$3.26 — trading 10.9% below its estimated fair value. The current Goodwill-to-Asset is 0.00. Qualitas' overall GF Score™ is 63/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill-to-Asset calculated?
Goodwill-to-Asset is calculated from a company's financial statements. For Qualitas (ASX:QAL), the current Goodwill-to-Asset is 0.00 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 Qualitas (ASX:QAL) Overvalued in 2026?

Based on GuruFocus' analysis, Qualitas stock appears to be undervalued. The current stock price of A$3.26 is trading 10.9% below its estimated GF Value™ of A$3.66. GuruFocus considers Qualitas to be Modestly Undervalued.

Key valuation signals for ASX:QAL:

  • Goodwill-to-Asset: 0.00
  • GF Value™: A$3.66 vs. price of A$3.26 (10.9% below fair value)
  • GF Score™: 63/100 with 2 warning signs

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


Qualitas Business Description

Address 120 Collins Street, Level 38, Melbourne, VIC, AUS, 3000
Qualitas Ltd is an alternative real estate investment manager focused on private credit and equity across commercial real estate sectors. The Group has identified two operating segments Funds Management and Direct Lending. Maximum revenue is generated from its Funds Management segment which includes all of its core Funds management activities and includes Funds management fees, performance fees, and other fee income. It also includes dividends and distributions from Qualitas' Investment and Direct Lending activities. The Direct Lending segment relates to the interest income and expenses relating to activities undertaken by the company's subsidiaries.
63GF Score

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

A$3.26
Price
A$3.66
GF Value