Harmony Gold Mining Co (STU:HAM) Intangible Assets: €137 Mil (As of Jun. 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.

STU:HAM Harmony Gold Mining Co Ltd STU:HAM
91 GF Score
Price €17.80
GF Value €17.52
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Harmony Gold Mining Co Intangible Assets?

Harmony Gold Mining Co STU:HAM +6.59% 91 Intangible Assets is €137 Mil as of Jun. 2026. GuruFocus rates STU:HAM with a GF Score™ of 91/100 and a GF Value™ of €17.52 (Fairly Valued). The stock has 2 warning signs investors should review.

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Harmony Gold Mining Co's intangible assets for the quarter that ended in Jun. 2026 was €137 Mil.


Harmony Gold Mining Co  (STU:HAM) 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.


Harmony Gold Mining Co Intangible Assets Related Terms


Harmony Gold Mining Co Intangible Assets Historical Data

* Premium members only.

The historical data trend for Harmony Gold Mining Co'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.

Harmony Gold Mining Co Intangible Assets Chart

Harmony Gold Mining Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Intangible Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.87 1.63 0.96 0.29 136.54

Harmony Gold Mining Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.96 0.63 0.29 0.00 136.54
STU:HAM
91GF Score
Harmony Gold Mining Co Ltd STU:HAM
Intangible Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harmony Gold Mining Co 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 €137 Mil mean?
Harmony Gold Mining Co (STU:HAM) has a Intangible Assets of €137 Mil as of Jun. 2026. Intangible assets include patents, goodwill and trade secrets. View historical data on Harmony Gold Mining Co and its competitors.
Is Harmony Gold Mining Co's Intangible Assets too high?
Harmony Gold Mining Co's current Intangible Assets is €137 Mil. Overall, Harmony Gold Mining Co has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harmony Gold Mining Co's Intangible Assets compare to NEM and AU?
Harmony Gold Mining Co's Intangible Assets of €137 Mil 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 Intangible Assets for a Metals & Mining company?
A good Intangible Assets depends on the Metals & Mining 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 Harmony Gold Mining Co and its competitors. Harmony Gold Mining Co's current Intangible Assets is €137 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmony Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Harmony Gold Mining Co (STU:HAM) is currently considered Fairly Valued. The stock's GF Value™ is €17.52, compared to a current price of €17.80 — trading 1.6% above its estimated fair value. The current Intangible Assets is €137 Mil. Harmony Gold Mining Co's overall GF Score™ is 91/100 with 2 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 Harmony Gold Mining Co (STU:HAM), the current Intangible Assets is €137 Mil 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 Harmony Gold Mining Co (STU:HAM) Overvalued in 2026?

Based on GuruFocus' analysis, Harmony Gold Mining Co stock appears to be overvalued. The current stock price of €17.80 is trading 1.6% above its estimated GF Value™ of €17.52. GuruFocus considers Harmony Gold Mining Co to be Fairly Valued.

Key valuation signals for STU:HAM:

  • Intangible Assets: €137 Mil
  • GF Value™: €17.52 vs. price of €17.80 (1.6% above fair value)
  • GF Score™: 91/100 with 2 warning signs

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


Harmony Gold Mining Co Business Description

Address Corner Main Reef Road and Ward Avenue, Randfontein Office Park, Randfontein, ZAF, 1759
Harmony Gold Mining Co Ltd is engaged in gold mining and related activities, including exploration, extraction, and processing. The group's primary product is gold bullion, produced at operations in South Africa and Papua New Guinea. Gold byproducts include uranium and silver. Strategic projects such as the Wafi-Golpu Project in the New Guinea Mobile Belt, the Eva Copper Project in the Mt Isa Inlier, Queensland, Australia, and the MAC Copper acquisition position the company as a gold-copper producer. The company operates across South Africa, Papua New Guinea, and Australia.
91GF Score

Get the complete analysis for STU:HAM

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

€17.80
Price
€17.52
GF Value