TCPFF (True PCL) Goodwill-to-Asset: 0.19 (As of Mar. 2026)

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TCPFF True Corp PCL TCPFF
33 GF Score
Price $0.30
GF Value $0.24
Valuation Modestly Overvalued
! 7 Warning Signs
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What is True PCL Goodwill-to-Asset?

True PCL TCPFF 33 Goodwill-to-Asset is 0.19 as of Mar. 2026. GuruFocus rates TCPFF with a GF Score™ of 33/100 and a GF Value™ of $0.24 (Modestly Overvalued). The stock has 7 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. True PCL's Goodwill for the quarter that ended in Mar. 2026 was $3,755 Mil. True PCL's Total Assets for the quarter that ended in Mar. 2026 was $20,269 Mil. Therefore, True PCL's Goodwill to Asset Ratio for the quarter that ended in Mar. 2026 was 0.19.


True PCL  (OTCPK:TCPFF) 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.


True PCL Goodwill-to-Asset Related Terms


True PCL Goodwill-to-Asset Historical Data

* Premium members only.

The historical data trend for True PCL'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.

True PCL Goodwill-to-Asset Chart

True PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.01 0.17 0.18 0.18

True PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.19 0.19 0.18 0.18 0.19

TCPFF vs VZ, TMUS, T: Goodwill-to-Asset Comparison

For the Telecom Services subindustry, True PCL'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.


True PCL Goodwill-to-Asset vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, True PCL's Goodwill-to-Asset distribution charts can be found below:

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


TCPFF
33GF Score
True Corp PCL TCPFF
Goodwill-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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True PCL 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.

True PCL's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Goodwill to Asset (A: Dec. 2025 )=Goodwill/Total Assets
=3836.599/21036.583
=0.18

True PCL's Goodwill to Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

Goodwill to Asset (Q: Mar. 2026 )=Goodwill/Total Assets
=3754.819/20268.726
=0.19

* 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 0.19 mean?
True PCL (TCPFF) has a Goodwill-to-Asset of 0.19 as of Mar. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on True PCL and its competitors.
Is True PCL's Goodwill-to-Asset too high?
True PCL's current Goodwill-to-Asset is 0.19. Overall, True PCL has a GF Score™ of 33/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does True PCL's Goodwill-to-Asset compare to VZ and TMUS?
True PCL's Goodwill-to-Asset of 0.19 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Goodwill-to-Asset depends on the Telecommunication Services 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 True PCL and its competitors. True PCL'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 True PCL stock overvalued right now?
Based on GuruFocus' analysis, True PCL (TCPFF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.24, compared to a current price of $0.30 — trading 25% above its estimated fair value. The current Goodwill-to-Asset is 0.19. True PCL's overall GF Score™ is 33/100 with 7 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 True PCL (TCPFF), the current Goodwill-to-Asset is 0.19 as of Mar. 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 True PCL (TCPFF) Overvalued in 2026?

Based on GuruFocus' analysis, True PCL stock appears to be overvalued. The current stock price of $0.30 is trading 25% above its estimated GF Value™ of $0.24. GuruFocus considers True PCL to be Modestly Overvalued.

Key valuation signals for TCPFF:

  • Goodwill-to-Asset: 0.19
  • GF Value™: $0.24 vs. price of $0.30 (25% above fair value)
  • GF Score™: 33/100 with 7 warning signs

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


True PCL Business Description

Address 18 True Tower, Ratchadaphisek Road, Huai Khwang, Bangkok, THA, 10310
True Corp PCL is a triple-play telecommunications company. It operates through three business segments: Mobile, Pay TV, Broadband internet and others. The majority of revenue is derived from Mobile segment, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. Broadband internet and other generated revenue internet services are recognized when rendering the service to subscribers. Pay TV generates revenues from monthly subscription fees recognized in the month in which the service is provided, commencing from the completion of installation. It operates in a single geographical area, which is Thailand.
33GF Score

Get the complete analysis for TCPFF

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

$0.30
Price
$0.24
GF Value