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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Bytes Technology Group's Goodwill for the quarter that ended in Feb. 2026 was $50.9 Mil. Bytes Technology Group's Total Assets for the quarter that ended in Feb. 2026 was $644.2 Mil.
Therefore, Bytes Technology Group's Goodwill to Asset Ratio for the quarter that ended in Feb. 2026 was 0.08.
Bytes Technology Group (OTCPK:BYITY) 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.
Bytes Technology Group Goodwill-to-Asset Related Terms
Bytes Technology Group Goodwill-to-Asset Historical Data
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The historical data trend for Bytes Technology Group'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.
BYITY vs MSFT, ORCL, PLTR: Goodwill-to-Asset Comparison
For the Software - Infrastructure subindustry, Bytes Technology Group'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.
Bytes Technology Group Goodwill-to-Asset vs Software Industry
For the Software industry and Technology sector, Bytes Technology Group's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Bytes Technology Group's Goodwill-to-Asset falls into.
* 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.
Bytes Technology Group (BYITY) has a Goodwill-to-Asset of 0.08 as of Feb. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Bytes Technology Group and its competitors.
Is Bytes Technology Group's Goodwill-to-Asset too high?
Bytes Technology Group's current Goodwill-to-Asset is 0.08. Overall, Bytes Technology Group has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bytes Technology Group's Goodwill-to-Asset compare to MSFT and ORCL?
Bytes Technology Group's Goodwill-to-Asset of 0.08 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 Bytes Technology Group and its competitors. Bytes Technology Group's current Goodwill-to-Asset is 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bytes Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Bytes Technology Group (BYITY) is currently considered Significantly Undervalued. The stock's GF Value™ is $16.11, compared to a current price of $11.25 — trading 30.1% below its estimated fair value. The current Goodwill-to-Asset is 0.08. Bytes Technology Group's overall GF Score™ is 65/100 with 6 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 Bytes Technology Group (BYITY), the current Goodwill-to-Asset is 0.08 as of Feb. 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 Bytes Technology Group (BYITY) Overvalued in 2026?
Based on GuruFocus' analysis, Bytes Technology Group stock appears to be undervalued.
The current stock price of $11.25 is trading 30.1% below its estimated GF Value™ of $16.11.
GuruFocus considers Bytes Technology Group to be Significantly Undervalued.
Key valuation signals for BYITY:
Goodwill-to-Asset: 0.08
GF Value™: $16.11 vs. price of $11.25 (30.1% below fair value)
No single metric tells the full story. See the BYITY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bytes Technology Group PLC is one of the UK's heading providers of IT software offerings and solutions, with a focus on cloud and security products. The Group enables effective and cost-efficient technology sourcing, adoption and management across software services, including in the areas of security and cloud. The company has only one reportable segment. The company's products are Software, Hardware, Services internal, and Services external. The company has presence in United Kingdom, Europe, Rest of world. The company generates majority of revenue from United Kingdom.
65GF Score
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Goodwill-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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