Goodman Group (GMG) Stock Overview
A provider of essential infrastructure. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
GMG Community Fair Values
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Analyst Price Targets
Goodman Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$31.10 |
| 52 Week High | AU$37.31 |
| 52 Week Low | AU$24.56 |
| Beta | 1.03 |
| 1 Month Change | 0.81% |
| 3 Month Change | 11.95% |
| 1 Year Change | -7.36% |
| 3 Year Change | 58.59% |
| 5 Year Change | 50.82% |
| Change since IPO | 50.61% |
Recent News & Updates
Narrative Update • Jun 02
GMG: Data Centre Rollout And Asset Recycling Will Shape Balanced Outlook
Analysts now cite slightly firmer margins and a modestly lower P/E outlook as reasons for nudging the Goodman Group price target higher to about A$34.64 from roughly A$34.46. What's in the News Goodman Group has been selected as the lead development partner for a potential new data centre campus in Sagamihara City, Kanagawa Prefecture.Narrative Update • May 13
GMG: Data Center Expansion And Asset Sales Will Shape Balanced Future Prospects
Analysts have kept Goodman Group's A$34.46 price target broadly steady, reflecting only small model tweaks to the discount rate and long term P/E assumptions, rather than a change in their overall view of the stock. What's in the News Goodman Group and DataBank formed a joint venture to develop a new 32MW data center facility in Los Angeles, a market described as supply constrained for data center capacity, with phased capacity expected to be available between December 2026 and September 2027 (Key Developments).Narrative Update • Apr 29
GMG: Data Center Build Out And Asset Sale Will Drive Future Upside
Analysts have trimmed their price target for Goodman Group slightly to around A$34.46 from about A$34.79. This reflects updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples.Recent updates
Narrative Update • Jun 02
GMG: Data Centre Rollout And Asset Recycling Will Shape Balanced Outlook
Analysts now cite slightly firmer margins and a modestly lower P/E outlook as reasons for nudging the Goodman Group price target higher to about A$34.64 from roughly A$34.46. What's in the News Goodman Group has been selected as the lead development partner for a potential new data centre campus in Sagamihara City, Kanagawa Prefecture.Narrative Update • May 13
GMG: Data Center Expansion And Asset Sales Will Shape Balanced Future Prospects
Analysts have kept Goodman Group's A$34.46 price target broadly steady, reflecting only small model tweaks to the discount rate and long term P/E assumptions, rather than a change in their overall view of the stock. What's in the News Goodman Group and DataBank formed a joint venture to develop a new 32MW data center facility in Los Angeles, a market described as supply constrained for data center capacity, with phased capacity expected to be available between December 2026 and September 2027 (Key Developments).Narrative Update • Apr 29
GMG: Data Center Build Out And Asset Sale Will Drive Future Upside
Analysts have trimmed their price target for Goodman Group slightly to around A$34.46 from about A$34.79. This reflects updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples.Narrative Update • Apr 12
GMG: Data Center Expansion And Asset Sale Will Support Stronger Future Returns
Analysts have trimmed their fair value estimate for Goodman Group slightly from A$34.96 to A$34.79, reflecting minor tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Goodman Group and DataBank formed a joint venture to launch a new 32MW data center facility in Vernon, Los Angeles, targeting demand from cloud, AI, and enterprise customers in a supply constrained U.S. data center market (Key Developments).Narrative Update • Mar 29
GMG: Asset Sale And Lower P/E Assumptions Will Support Stronger Future Returns
Analysts have trimmed their price target on Goodman Group to A$34.96 from A$35.86 as they factor in slightly different assumptions for revenue growth, profit margins and future P/E multiples. What's in the News Goodman Group is in discussions to sell Melbourne's Moorabbin Airport Corporation to the Australian arm of Barings and a consortium of four major investment funds for more than A$1.5b, with the deal subject to multiple approvals (Key Developments).Narrative Update • Mar 12
GMG: Slightly Lower P/E Assumptions Will Support Stronger Future Performance
Analysts have slightly reduced their price target on Goodman Group to A$35.86 from about A$36.02, reflecting small adjustments to their fair value, discount rate, margin outlook and future P/E assumptions. Valuation Changes Fair Value: Trimmed slightly to A$35.86 from A$36.02, reflecting a small adjustment in the model.Narrative Update • Feb 26
GMG: Lower Multiple And Margin Assumptions Will Support Stronger Future Performance
Analysts have trimmed their price target for Goodman Group to A$36.02 from A$36.64, citing updated assumptions that combine a slightly lower discount rate and P/E multiple with adjusted views on revenue growth and profit margins. Valuation Changes Fair Value: Trimmed slightly from A$36.64 to A$36.02.Narrative Update • Feb 10
GMG: Higher Discount Rate Assumptions Will Support Stronger Future Operating Performance
Analysts have trimmed their fair value estimate for Goodman Group to about A$36.64 from roughly A$37.05, citing slightly higher assumed discount rates and only marginal tweaks to revenue growth, profit margin and future P/E inputs. Valuation Changes Fair Value: Trimmed slightly from about A$37.05 to about A$36.64 per security.Narrative Update • Jan 27
GMG: Higher Profitability Assumptions Will Support Stronger Future Operating Performance
Analysts have slightly reduced their price target for Goodman Group to A$37.05, down from A$37.13. This adjustment reflects updated views on its discount rate, revenue growth assumptions, profitability profile and a modestly lower future P/E multiple.Narrative Update • Jan 09
GMG: Higher Revenue Assumptions Will Support Stronger Future Operating Performance
Analysts have slightly reduced their price target for Goodman Group to A$37.13 from A$37.26, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: Price target updated from A$37.26 to A$37.13, representing a small downward adjustment in the modelled estimate.Narrative Update • Dec 21
GMG: Lower Risk Profile Will Support Stronger Future Operating Performance
Analysts have nudged their price target on Goodman Group slightly higher to reflect incremental improvements in long term discount rate and profitability assumptions, now valuing the stock at about $37.26 per share. Valuation Changes Fair Value Estimate remains unchanged at approximately A$37.26 per share, indicating no material shift in intrinsic valuation.Narrative Update • Dec 07
GMG: Data Centre Expansion Will Drive Stronger Future Operating Performance
Analysts have slightly lowered their price target on Goodman Group by approximately $0.09, reflecting modest tweaks to the discount rate and future P/E assumptions while recognizing incremental improvement in profit margin expectations. Valuation Changes Fair Value Estimate has edged down slightly from A$37.35 to A$37.26 per share, reflecting minor model adjustments.Narrative Update • Nov 23
GMG: Data Centre Investment Discussions Will Drive Stronger Operating Performance Ahead
Analysts have marginally lowered their price target for Goodman Group from $37.39 to $37.35, citing updated forecasts and minor adjustments to growth and discount rate assumptions. What's in the News Singapore's GIC is considering investing in Goodman Group's data centre assets.Narrative Update • Nov 07
GMG: Significant Data Centre Investment Will Drive Operating Profit Higher
Analysts have revised Goodman Group’s price target downward from $37.82 to $37.39. They cite adjustments in projected revenue growth and a higher discount rate as key factors influencing their outlook.Narrative Update • Aug 27
The $4 Billion Capital Raising Will Fortify Capital Structure For Future Development
The upward revision in Goodman Group's price target reflects analysts' confidence in its strategically positioned asset portfolio—especially its core industrial and data center holdings—and high conviction in future growth potential, raising the consensus fair value from A$36.95 to A$37.82. Analyst Commentary Positive view on Goodman's strategic asset portfolio.
New Narrative • Feb 23
The $4 Billion Capital Raising Will Fortify Capital Structure For Future Development
Strategic focus on data centers and significant partnerships are expected to drive revenue growth and enhance long-term earnings stability.Shareholder Returns
| GMG | AU Industrial REITs | AU Market | |
|---|---|---|---|
| 7D | -1.8% | -1.6% | -1.2% |
| 1Y | -7.4% | -6.9% | 0.8% |
Return vs Industry: GMG matched the Australian Industrial REITs industry which returned -6.9% over the past year.
Return vs Market: GMG underperformed the Australian Market which returned 0.8% over the past year.
Price Volatility
| GMG volatility | |
|---|---|
| GMG Average Weekly Movement | 4.3% |
| Industrial REITs Industry Average Movement | 3.3% |
| Market Average Movement | 10.2% |
| 10% most volatile stocks in AU Market | 17.2% |
| 10% least volatile stocks in AU Market | 4.1% |
Stable Share Price: GMG has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: GMG's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2002 | 1,030 | Gregory Goodman | www.goodman.com |
Goodman Group is a provider of essential infrastructure. It owns, develops and manages high quality, sustainable logistics properties and data centres in major global cities, that are critical to the digital economy. Goodman has operations in key consumer markets across Australia, New Zealand, Asia, Europe, the United Kingdom, and the Americas.
Goodman Group Fundamentals Summary
| GMG fundamental statistics | |
|---|---|
| Market cap | AU$63.59b |
| Earnings (TTM) | AU$1.69b |
| Revenue (TTM) | AU$3.10b |
37.6x
P/E Ratio20.5x
P/S RatioIs GMG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GMG income statement (TTM) | |
|---|---|
| Revenue | AU$3.10b |
| Cost of Revenue | AU$549.80m |
| Gross Profit | AU$2.55b |
| Other Expenses | AU$859.50m |
| Earnings | AU$1.69b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Aug 20, 2026
| Earnings per share (EPS) | 0.83 |
| Gross Margin | 82.27% |
| Net Profit Margin | 54.55% |
| Debt/Equity Ratio | 17.4% |
How did GMG perform over the long term?
See historical performance and comparisonDividends
1.0%
Current Dividend Yield49%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/06 02:40 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Goodman Group is covered by 23 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Brayshaw | Barrenjoey Markets Pty Limited |
| Nicholas McGarrigle | Barrenjoey Markets Pty Limited |
| Andrew MacFarlane | Bell Potter |