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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Namibia Breweries's Goodwill for the quarter that ended in Dec. 2025 was R744 Mil. Namibia Breweries's Total Assets for the quarter that ended in Dec. 2025 was R3,989 Mil.
Therefore, Namibia Breweries's Goodwill to Asset Ratio for the quarter that ended in Dec. 2025 was 0.19.
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.
Namibia Breweries Goodwill-to-Asset Related Terms
Namibia Breweries Goodwill-to-Asset Historical Data
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The historical data trend for Namibia Breweries'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.
For the Beverages - Brewers subindustry, Namibia Breweries'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.
Namibia Breweries Goodwill-to-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Namibia Breweries's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Namibia Breweries'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.
Namibia Breweries (NAM:NBS) has a Goodwill-to-Asset of 0.19 as of Dec. 2025. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Namibia Breweries and its competitors.
Is Namibia Breweries' Goodwill-to-Asset too high?
Namibia Breweries' current Goodwill-to-Asset is 0.19. Overall, Namibia Breweries has a GF Score™ of 21/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Namibia Breweries' Goodwill-to-Asset compare to ?
Namibia Breweries' Goodwill-to-Asset of 0.19 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Goodwill-to-Asset depends on the Beverages - Alcoholic 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 Namibia Breweries and its competitors. Namibia Breweries's current Goodwill-to-Asset is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Namibia Breweries stock overvalued right now?
Based on GuruFocus' analysis, Namibia Breweries (NAM:NBS) is currently considered Modestly Undervalued. The stock's GF Value™ is R42.39, compared to a current price of R32.24 — trading 23.9% below its estimated fair value. The current Goodwill-to-Asset is 0.19. Namibia Breweries' overall GF Score™ is 21/100. 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 Namibia Breweries (NAM:NBS), the current Goodwill-to-Asset is 0.19 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 Namibia Breweries (NAM:NBS) Overvalued in 2026?
Based on GuruFocus' analysis, Namibia Breweries stock appears to be undervalued.
The current stock price of R32.24 is trading 23.9% below its estimated GF Value™ of R42.39.
GuruFocus considers Namibia Breweries to be Modestly Undervalued.
Key valuation signals for NAM:NBS:
Goodwill-to-Asset: 0.19
GF Value™: R42.39 vs. price of R32.24 (23.9% below fair value)
No single metric tells the full story. See the NAM:NBS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Namibia Breweries Ltd is a beverage manufacturing company in Namibia. It is engaged in the brewing and distribution of beer and is also active in the manufacturing and sale of soft drinks. Its brand portfolio consists of Windhoek beer, Tafel lager, Hansa draught, Heineken, King lager, and others. The company also provides non-alcoholic malt-based sparkling drinks.
21GF Score
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