TLRY (Tilray Brands) Goodwill-to-Asset: 0.32 (As of May. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TLRY Tilray Brands Inc TLRY
51 GF Score
Price $4.56
GF Value $11.56
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Tilray Brands Goodwill-to-Asset?

Tilray Brands TLRY +7.97% 51 Goodwill-to-Asset is 0.32 as of May. 2026. GuruFocus rates TLRY with a GF Score™ of 51/100 and a GF Value™ of $11.56 (Possible Value Trap). The stock has 3 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. Tilray Brands's Goodwill for the quarter that ended in May. 2026 was $752.4 Mil. Tilray Brands's Total Assets for the quarter that ended in May. 2026 was $2,328.0 Mil. Therefore, Tilray Brands's Goodwill to Asset Ratio for the quarter that ended in May. 2026 was 0.32.


Tilray Brands  (NAS:TLRY) 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.


Tilray Brands Goodwill-to-Asset Related Terms


Tilray Brands Goodwill-to-Asset Historical Data

* Premium members only.

The historical data trend for Tilray Brands'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.

Tilray Brands Goodwill-to-Asset Chart

Tilray Brands Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.47 0.48 0.36 0.32

Tilray Brands Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.36 0.36 0.36 0.36 0.32

TLRY vs AQST, ELTP, EOLS: Goodwill-to-Asset Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Tilray Brands'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.


Tilray Brands Goodwill-to-Asset vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tilray Brands's Goodwill-to-Asset distribution charts can be found below:

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


TLRY
51GF Score
Tilray Brands Inc TLRY
Goodwill-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tilray Brands 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.

Tilray Brands's Goodwill to Asset Ratio for the fiscal year that ended in May. 2026 is calculated as

Goodwill to Asset (A: May. 2026 )=Goodwill/Total Assets
=752.35/2328.012
=0.32

Tilray Brands's Goodwill to Asset Ratio for the quarter that ended in May. 2026 is calculated as

Goodwill to Asset (Q: May. 2026 )=Goodwill/Total Assets
=752.35/2328.012
=0.32

* 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 0.32 mean?
Tilray Brands (TLRY) has a Goodwill-to-Asset of 0.32 as of May. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Tilray Brands and its competitors.
Is Tilray Brands' Goodwill-to-Asset too high?
Tilray Brands' current Goodwill-to-Asset is 0.32. Overall, Tilray Brands 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 Tilray Brands' Goodwill-to-Asset compare to AQST and ELTP?
Tilray Brands' Goodwill-to-Asset of 0.32 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 Tilray Brands and its competitors. Tilray Brands's current Goodwill-to-Asset is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tilray Brands stock overvalued right now?
Based on GuruFocus' analysis, Tilray Brands (TLRY) is currently considered Possible Value Trap. The stock's GF Value™ is $11.56, compared to a current price of $4.56 — trading 60.6% below its estimated fair value. The current Goodwill-to-Asset is 0.32. Tilray Brands' overall GF Score™ is 51/100 with 3 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 Tilray Brands (TLRY), the current Goodwill-to-Asset is 0.32 as of May. 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 Tilray Brands (TLRY) Overvalued in 2026?

Based on GuruFocus' analysis, Tilray Brands stock appears to be undervalued. The current stock price of $4.56 is trading 60.6% below its estimated GF Value™ of $11.56. GuruFocus considers Tilray Brands to be Possible Value Trap.

Key valuation signals for TLRY:

  • Goodwill-to-Asset: 0.32
  • GF Value™: $11.56 vs. price of $4.56 (60.6% below fair value)
  • GF Score™: 51/100 with 3 warning signs

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


Tilray Brands Business Description

Address 265 Talbot Street West, Leamington, ON, CAN, N8H 5L4
Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. US exposure comes mainly from alcohol.
51GF Score

Get the complete analysis for TLRY

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

$4.56
Price
$11.56
GF Value