Intangible assets contribute 57% of the value of the ASX 100 and around 89% of the NASDAQ. 

The economic importance of intangibles has been growing for several decades and is well recognised. The International Valuation Standards Council recently commented that: “intangible assets have long been the engine for value creation. Despite their importance to the capital markets, only a small percentage are recognised on balance sheets.”

Only a small portion of the 57% intangible value contribution to the ASX appears on company balance sheets. 

Our analysis implies a total value of $1.46 Trillion for ASX 100 intangibles, of which $1.18 Trillion is undisclosed value.

Technology, data, brands and other intangibles have become important drivers of competitive advantage in most industries. 

Within the ASX 100, intangibles contribute 75% or more of enterprise value in Healthcare, TMT, Consumer Goods and Industrials, and around half the value of the Financial Services and Energy & Resources.