Steppe Gold (TSX:STGO) Goodwill-to-Asset: 0.00 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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TSX:STGO Steppe Gold Ltd TSX:STGO
73 GF Score
Price C$1.79
GF Value C$1.17
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Steppe Gold Goodwill-to-Asset?

Steppe Gold TSX:STGO -5.29% 73 Goodwill-to-Asset is 0.00 as of Jun. 2026. GuruFocus rates TSX:STGO with a GF Score™ of 73/100 and a GF Value™ of C$1.17 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Steppe Gold's Goodwill for the quarter that ended in Jun. 2026 was C$0.0 Mil. Steppe Gold's Total Assets for the quarter that ended in Jun. 2026 was C$538.1 Mil. Therefore, Steppe Gold's Goodwill to Asset Ratio for the quarter that ended in Jun. 2026 was 0.00.


Steppe Gold  (TSX:STGO) 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.


Steppe Gold Goodwill-to-Asset Related Terms


Steppe Gold Goodwill-to-Asset Historical Data

* Premium members only.

The historical data trend for Steppe Gold'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.

Steppe Gold Goodwill-to-Asset Chart

Steppe Gold 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 0.00 0.00 0.00 0.00 0.00

Steppe Gold Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 0.00

TSX:STGO vs NEM, AU: Goodwill-to-Asset Comparison

For the Gold subindustry, Steppe Gold'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.


Steppe Gold Goodwill-to-Asset vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Steppe Gold's Goodwill-to-Asset distribution charts can be found below:

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


TSX:STGO
73GF Score
Steppe Gold Ltd TSX:STGO
Goodwill-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Steppe Gold 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.

Steppe Gold'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
=0/494.382
=0.00

Steppe Gold's Goodwill to Asset Ratio for the quarter that ended in Jun. 2026 is calculated as

Goodwill to Asset (Q: Jun. 2026 )=Goodwill/Total Assets
=0/538.071
=0.00

* 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 0.00 mean?
Steppe Gold (TSX:STGO) has a Goodwill-to-Asset of 0.00 as of Jun. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Steppe Gold and its competitors.
Is Steppe Gold's Goodwill-to-Asset too high?
Steppe Gold's current Goodwill-to-Asset is 0.00. Overall, Steppe Gold has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steppe Gold's Goodwill-to-Asset compare to NEM and AU?
Steppe Gold's Goodwill-to-Asset of 0.00 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Goodwill-to-Asset depends on the Metals & Mining 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 Steppe Gold and its competitors. Steppe Gold's current Goodwill-to-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Gold stock overvalued right now?
Based on GuruFocus' analysis, Steppe Gold (TSX:STGO) is currently considered Significantly Overvalued. The stock's GF Value™ is C$1.17, compared to a current price of C$1.79 — trading 53% above its estimated fair value. The current Goodwill-to-Asset is 0.00. Steppe Gold's overall GF Score™ is 73/100 with 1 warning sign 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 Steppe Gold (TSX:STGO), the current Goodwill-to-Asset is 0.00 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 Steppe Gold (TSX:STGO) Overvalued in 2026?

Based on GuruFocus' analysis, Steppe Gold stock appears to be overvalued. The current stock price of C$1.79 is trading 53% above its estimated GF Value™ of C$1.17. GuruFocus considers Steppe Gold to be Significantly Overvalued.

Key valuation signals for TSX:STGO:

  • Goodwill-to-Asset: 0.00
  • GF Value™: C$1.17 vs. price of C$1.79 (53% above fair value)
  • GF Score™: 73/100 with 1 warning sign

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


Steppe Gold Business Description

Other Exchanges STPGF:USA2J9:Germany
Address Peace Avenue 17, 7th floor, Blue Sky Tower, Sukhbaatar District 1, Ulaanbaatar, MNG, 14241
Steppe Gold Ltd is engaged in operating, developing, exploring, and acquiring precious metal projects in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the ATO Project, or ATO Gold Mine), located in Eastern Mongolia. In addition, it owns the Boroo and Ulaanbulag mines (together as the Boroo Project), and holds interest rights in the Uudam Khundii (UK) project in Mongolia. The company derives its revenue from the sale of gold and silver to banks in Mongolia at London Metal Exchange-based spot rates. A majority of its revenue is generated from the sale of gold.
73GF Score

Get the complete analysis for TSX:STGO

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

C$1.79
Price
C$1.17
GF Value