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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Sandoz Group AG's Goodwill for the quarter that ended in Jun. 2026 was CHF6,364 Mil. Sandoz Group AG's Total Assets for the quarter that ended in Jun. 2026 was CHF18,387 Mil.
Therefore, Sandoz Group AG's Goodwill to Asset Ratio for the quarter that ended in Jun. 2026 was 0.35.
Sandoz Group AG (LTS:0SAN) 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.
Sandoz Group AG Goodwill-to-Asset Related Terms
Sandoz Group AG Goodwill-to-Asset Historical Data
* Premium members only.
The historical data trend for Sandoz Group AG'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.
LTS:0SAN vs ZTS, UTHR, VTRS: Goodwill-to-Asset Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Sandoz Group AG'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.
Sandoz Group AG Goodwill-to-Asset vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Sandoz Group AG's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Sandoz Group AG'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.
Sandoz Group AG (LTS:0SAN) has a Goodwill-to-Asset of 0.35 as of Jun. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Sandoz Group AG and its competitors.
Is Sandoz Group AG's Goodwill-to-Asset too high?
Sandoz Group AG's current Goodwill-to-Asset is 0.35. Overall, Sandoz Group AG has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sandoz Group AG's Goodwill-to-Asset compare to ZTS and UTHR?
Sandoz Group AG's Goodwill-to-Asset of 0.35 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Goodwill-to-Asset depends on the Drug Manufacturers 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 Sandoz Group AG and its competitors. Sandoz Group AG's current Goodwill-to-Asset is 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandoz Group AG stock overvalued right now?
Based on GuruFocus' analysis, Sandoz Group AG (LTS:0SAN) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF41.44, compared to a current price of CHF68.62 — trading 65.6% above its estimated fair value. The current Goodwill-to-Asset is 0.35. Sandoz Group AG's overall GF Score™ is 30/100 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 Sandoz Group AG (LTS:0SAN), the current Goodwill-to-Asset is 0.35 as of Jun. 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 Sandoz Group AG (LTS:0SAN) Overvalued in 2026?
Based on GuruFocus' analysis, Sandoz Group AG stock appears to be overvalued.
The current stock price of CHF68.62 is trading 65.6% above its estimated GF Value™ of CHF41.44.
GuruFocus considers Sandoz Group AG to be Significantly Overvalued.
Key valuation signals for LTS:0SAN:
Goodwill-to-Asset: 0.35
GF Value™: CHF41.44 vs. price of CHF68.62 (65.6% above fair value)
No single metric tells the full story. See the LTS:0SAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sandoz Group AG is a Swiss generics and biosimilars pharmaceutical company, spun off from Novartis and listed independently in October 2023. It develops, manufactures, and markets off-patent medicines, with a portfolio spanning generic small molecules, complex injectables, value-added medicines, and biosimilars. Generics account for the large majority of sales, while biosimilars represent a growing share; Sandoz launched Europe's first biosimilar, Omnitrope, in 2006, and the first US biosimilar, Zarxio, in 2015, and markets numerous biosimilar products with a substantial pipeline. Its customers include wholesalers, pharmacies, hospitals, and healthcare providers, and it operates across Europe, the United States, and other international markets. Revenue comes from product sales of generic and biosimilar pharmaceuticals, supported by manufacturing scale and a broad global commercial footprint.
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