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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. UnitedHealth Group's Goodwill for the quarter that ended in Jun. 2026 was CHF88,439 Mil. UnitedHealth Group's Total Assets for the quarter that ended in Jun. 2026 was CHF247,565 Mil.
Therefore, UnitedHealth Group's Goodwill to Asset Ratio for the quarter that ended in Jun. 2026 was 0.36.
UnitedHealth Group (XSWX:UNH) 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.
UnitedHealth Group Goodwill-to-Asset Related Terms
UnitedHealth Group Goodwill-to-Asset Historical Data
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The historical data trend for UnitedHealth Group'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.
XSWX:UNH vs CVS, ELV, CI: Goodwill-to-Asset Comparison
For the Healthcare Plans subindustry, UnitedHealth Group'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.
UnitedHealth Group Goodwill-to-Asset vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, UnitedHealth Group's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where UnitedHealth Group'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.
UnitedHealth Group (XSWX:UNH) has a Goodwill-to-Asset of 0.36 as of Jun. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on UnitedHealth Group and its competitors.
Is UnitedHealth Group's Goodwill-to-Asset too high?
UnitedHealth Group's current Goodwill-to-Asset is 0.36. Overall, UnitedHealth Group has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does UnitedHealth Group's Goodwill-to-Asset compare to CVS and ELV?
UnitedHealth Group's Goodwill-to-Asset of 0.36 can be compared against companies in the Healthcare Plans 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 Healthcare Plans company?
A good Goodwill-to-Asset depends on the Healthcare Plans 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 UnitedHealth Group and its competitors. UnitedHealth Group's current Goodwill-to-Asset is 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UnitedHealth Group stock overvalued right now?
UnitedHealth Group (XSWX:UNH) has a current Goodwill-to-Asset of 0.36. The stock's GF Value™ is CHF477.98, compared to a current price of CHF310.35 — trading 35.1% below its estimated fair value. The current Goodwill-to-Asset is 0.36. UnitedHealth Group's overall GF Score™ is 78/100 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 UnitedHealth Group (XSWX:UNH), the current Goodwill-to-Asset is 0.36 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 UnitedHealth Group (XSWX:UNH) Overvalued in 2026?
Based on GuruFocus' analysis, UnitedHealth Group stock appears to be undervalued.
The current stock price of CHF310.35 is trading 35.1% below its estimated GF Value™ of CHF477.98.
Key valuation signals for XSWX:UNH:
Goodwill-to-Asset: 0.36
GF Value™: CHF477.98 vs. price of CHF310.35 (35.1% below fair value)
No single metric tells the full story. See the XSWX:UNH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UnitedHealth Group is one of the largest private health insurers and provides medical benefits to about 51 million members globally, including 1 million outside the US as of December 2025. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in medical insurance. Along with its insurance assets, UnitedHealth's Optum franchises help create a healthcare services colossus that spans everything from pharmaceutical benefits to providing outpatient care and analytics to affiliates and third parties.
78GF Score
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Goodwill-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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