Mercari (FRA:6TP) Intangible Assets: €19 Mil (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

FRA:6TP Mercari Inc FRA:6TP
75 GF Score
Price €24.00
GF Value €15.35
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Mercari Intangible Assets?

Mercari FRA:6TP -0.83% 75 Intangible Assets is €19 Mil as of Mar. 2026. GuruFocus rates FRA:6TP with a GF Score™ of 75/100 and a GF Value™ of €15.35 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Mercari's intangible assets for the quarter that ended in Mar. 2026 was €19 Mil.


Mercari  (FRA:6TP) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.


Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.


Mercari Intangible Assets Related Terms


Mercari Intangible Assets Historical Data

* Premium members only.

The historical data trend for Mercari's Intangible Assets 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.

Mercari Intangible Assets Chart

Mercari Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Intangible Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.96 5.52 5.58 3.35 7.62

Mercari Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Intangible Assets 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 6.85 7.62 12.12 15.05 18.96
FRA:6TP
75GF Score
Mercari Inc FRA:6TP
Intangible Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercari Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Frequently Asked Questions Learn more about Intangible Assets →
What does a Intangible Assets of €19 Mil mean?
Mercari (FRA:6TP) has a Intangible Assets of €19 Mil as of Mar. 2026. Intangible assets include patents, goodwill and trade secrets. View historical data on Mercari and its competitors.
Is Mercari's Intangible Assets too high?
Mercari's current Intangible Assets is €19 Mil. Overall, Mercari has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercari's Intangible Assets compare to AMZN and BABA?
Mercari's Intangible Assets of €19 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intangible Assets for a Retail - Cyclical company?
A good Intangible Assets depends on the Retail - Cyclical industry context. However, Intangible Assets 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 Intangible Assets mean?
A high Intangible Assets can signal that a stock is expensive relative to its fundamentals. Intangible assets include patents, goodwill and trade secrets. View historical data on Mercari and its competitors. Mercari's current Intangible Assets is €19 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercari stock overvalued right now?
Based on GuruFocus' analysis, Mercari (FRA:6TP) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.35, compared to a current price of €24.00 — trading 56.4% above its estimated fair value. The current Intangible Assets is €19 Mil. Mercari's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intangible Assets calculated?
Intangible Assets is calculated from a company's financial statements. For Mercari (FRA:6TP), the current Intangible Assets is €19 Mil 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 Mercari (FRA:6TP) Overvalued in 2026?

Based on GuruFocus' analysis, Mercari stock appears to be overvalued. The current stock price of €24.00 is trading 56.4% above its estimated GF Value™ of €15.35. GuruFocus considers Mercari to be Significantly Overvalued.

Key valuation signals for FRA:6TP:

  • Intangible Assets: €19 Mil
  • GF Value™: €15.35 vs. price of €24.00 (56.4% above fair value)
  • GF Score™: 75/100 with 8 warning signs

No single metric tells the full story. See the FRA:6TP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercari Business Description

Other Exchanges MCARY:USA4385:Japan
Address 6-10-1 Roppongi, 18th Floor, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN, 106-6118
Mercari operates the largest consumer-to-consumer secondhand goods trading platform in Japan in Mercari, with over 23 million monthly active users and over JPY 1.1 trillion in gross merchandise value in fiscal 2022. We estimate that it currently has over 40% market share in the online C2C market, making it the top platform in Japan. It operates a domestic fintech business and a C2C marketplace app business in the US as well. Domestic business roughly accounts for over 95% of its total GMV.
75GF Score

Get the complete analysis for FRA:6TP

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

€24.00
Price
€15.35
GF Value