Sandoz Group AG (XSWX:SDZ) Intangible Assets: CHF7,874 Mil (As of Dec. 2025)

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XSWX:SDZ Sandoz Group AG XSWX:SDZ
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What is Sandoz Group AG Intangible Assets?

Sandoz Group AG XSWX:SDZ +3.14% 11 Intangible Assets is CHF7,874 Mil as of Dec. 2025. GuruFocus rates XSWX:SDZ with a GF Score™ of 11/100. The stock has 6 warning signs investors should review.

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Sandoz Group AG's intangible assets for the quarter that ended in Dec. 2025 was CHF7,874 Mil.

Sandoz Group AG  (XSWX:SDZ) 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.

Sandoz Group AG Intangible Assets Related Terms

Sandoz Group AG Intangible Assets Historical Data

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The historical data trend for Sandoz Group AG'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.

Sandoz Group AG Intangible Assets Chart

Sandoz Group AG Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Intangible Assets
8,282.86 7,913.79 7,974.47 7,874.17

Sandoz Group AG Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Intangible Assets Get a 7-Day Free Trial 7,913.79 8,131.79 7,974.47 7,856.33 7,874.17
XSWX:SDZ
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Sandoz Group AG XSWX:SDZ
Intangible Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Sandoz Group AG 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 CHF7,874 Mil mean?
Sandoz Group AG (XSWX:SDZ) has a Intangible Assets of CHF7,874 Mil as of Dec. 2025. Intangible assets include patents, goodwill and trade secrets. View historical data on Sandoz Group AG and its competitors.
Is Sandoz Group AG's Intangible Assets too high?
Sandoz Group AG's current Intangible Assets is CHF7,874 Mil. Overall, Sandoz Group AG has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Sandoz Group AG's Intangible Assets compare to ZTS and UTHR?
Sandoz Group AG's Intangible Assets of CHF7,874 Mil 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 Intangible Assets for a Drug Manufacturers company?
A good Intangible Assets depends on the Drug Manufacturers 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 Sandoz Group AG and its competitors. Sandoz Group AG's current Intangible Assets is CHF7,874 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandoz Group AG stock overvalued right now?
Sandoz Group AG (XSWX:SDZ) has a current Intangible Assets of CHF7,874 Mil. The current Intangible Assets is CHF7,874 Mil. Sandoz Group AG's overall GF Score™ is 11/100 with 6 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 Sandoz Group AG (XSWX:SDZ), the current Intangible Assets is CHF7,874 Mil as of Dec. 2025. 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.

Sandoz Group AG Business Description

Address Centralbahnstrasse 4, Basel, CHE, 4051
Sandoz is one of the largest generic pharmaceutical manufacturers in the world, generating over $11 billion annually from off-patent drugs. Once part of Novartis, Sandoz spun off and went public in October 2023. Generics, including small molecules and complex injectables, make up roughly 75% of Sandoz's total sales, and the firm has a significant presence in Europe, the United States, and other key international markets. Sandoz generates its remaining sales from biosimilars and is among the leaders in the space. Sandoz launched Europe's first biosimilar, Omnitrope, in 2006, as well as the first US biosimilar, Zarxio, in 2015. It has over 10 launched biosimilars in a number of markets and over 20 assets in its pipeline.
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Intangible Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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