The Intangible Stock Market

The Changing Composition Of Corporate Balance Sheets

Photo by Fabien Bazanegue on Unsplash

The ratio of tangible to intangible (e.g., goodwill) has changed substantially over the years. In 1975 fully 83% of the S&P 500’s total assets were classed as tangible. That number has now fallen to 10% versus 90% that are intangible.