Zscaler (BSP:Z2SC34) Goodwill-to-Asset: 0.15 (As of Apr. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

BSP:Z2SC34 Zscaler Inc BSP:Z2SC34
51 GF Score
Price R$27.80
GF Value R$50.02
Valuation Possible Value Trap
! 2 Warning Signs
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What is Zscaler Goodwill-to-Asset?

Zscaler BSP:Z2SC34 -0.57% 51 Goodwill-to-Asset is 0.15 as of Apr. 2026. GuruFocus rates BSP:Z2SC34 with a GF Score™ of 51/100 and a GF Value™ of R$50.02 (Possible Value Trap). 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. Zscaler's Goodwill for the quarter that ended in Apr. 2026 was R$5,509 Mil. Zscaler's Total Assets for the quarter that ended in Apr. 2026 was R$35,731 Mil. Therefore, Zscaler's Goodwill to Asset Ratio for the quarter that ended in Apr. 2026 was 0.15.


Zscaler  (BSP:Z2SC34) 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.


Zscaler Goodwill-to-Asset Related Terms


Zscaler Goodwill-to-Asset Historical Data

* Premium members only.

The historical data trend for Zscaler'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.

Zscaler Goodwill-to-Asset Chart

Zscaler Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.03 0.03 0.09 0.07

Zscaler Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Goodwill-to-Asset 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 0.08 0.07 0.15 0.15 0.15

BSP:Z2SC34 vs FFIV, MDB, OKTA: Goodwill-to-Asset Comparison

For the Software - Infrastructure subindustry, Zscaler'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.


Zscaler Goodwill-to-Asset vs Software Industry

For the Software industry and Technology sector, Zscaler's Goodwill-to-Asset distribution charts can be found below:

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


BSP:Z2SC34
51GF Score
Zscaler Inc BSP:Z2SC34
Goodwill-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Zscaler 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.

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

Goodwill to Asset (A: Jul. 2025 )=Goodwill/Total Assets
=2311.384/35522.524
=0.07

Zscaler'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
=5509.271/35731.02
=0.15

* 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 0.15 mean?
Zscaler (BSP:Z2SC34) has a Goodwill-to-Asset of 0.15 as of Apr. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Zscaler and its competitors.
Is Zscaler's Goodwill-to-Asset too high?
Zscaler's current Goodwill-to-Asset is 0.15. Overall, Zscaler has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zscaler's Goodwill-to-Asset compare to FFIV and MDB?
Zscaler's Goodwill-to-Asset of 0.15 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-to-Asset for a Software company?
A good Goodwill-to-Asset depends on the Software 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 Zscaler and its competitors. Zscaler's current Goodwill-to-Asset is 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zscaler stock overvalued right now?
Based on GuruFocus' analysis, Zscaler (BSP:Z2SC34) is currently considered Possible Value Trap. The stock's GF Value™ is R$50.02, compared to a current price of R$27.80 — trading 44.4% below its estimated fair value. The current Goodwill-to-Asset is 0.15. Zscaler's overall GF Score™ is 51/100 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 Zscaler (BSP:Z2SC34), the current Goodwill-to-Asset is 0.15 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 Zscaler (BSP:Z2SC34) Overvalued in 2026?

Based on GuruFocus' analysis, Zscaler stock appears to be undervalued. The current stock price of R$27.80 is trading 44.4% below its estimated GF Value™ of R$50.02. GuruFocus considers Zscaler to be Possible Value Trap.

Key valuation signals for BSP:Z2SC34:

  • Goodwill-to-Asset: 0.15
  • GF Value™: R$50.02 vs. price of R$27.80 (44.4% below fair value)
  • GF Score™: 51/100 with 2 warning signs

No single metric tells the full story. See the BSP:Z2SC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zscaler Business Description

Address 120 Holger Way, San Jose, CA, USA, 95134
Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.
51GF Score

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

R$27.80
Price
R$50.02
GF Value