Goodman Group

OTCPK:GMGS.F Stock Report

Market Cap: US$47.5b

Goodman Group Valuation

Is GMGS.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GMGS.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GMGS.F ($27.32) is trading above our estimate of fair value ($22.52)

Significantly Below Fair Value: GMGS.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GMGS.F?

Key metric: As GMGS.F barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for GMGS.F. This is calculated by dividing GMGS.F's market cap by their current book value.
What is GMGS.F's PB Ratio?
PB Ratio4.2x
BookAU$17.54b
Market CapAU$73.08b

Price to Book Ratio vs Peers

How does GMGS.F's PB Ratio compare to its peers?

The above table shows the PB ratio for GMGS.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.2x
PLD Prologis
2.1x4.1%US$111.0b
LINE Lineage
1.6x87.6%US$16.2b
COLD Americold Realty Trust
2x68.2%US$6.8b
EGP EastGroup Properties
3x10.0%US$8.6b
GMGS.F Goodman Group
4.2x27.3%US$73.1b

Price-To-Book vs Peers: GMGS.F is expensive based on its Price-To-Book Ratio (4.2x) compared to the peer average (2.2x).

Price to Book Ratio vs Industry

How does GMGS.F's PB Ratio compare vs other companies in the Global Industrial REITs Industry?

0 CompaniesPrice / BookEstimated GrowthMarket Cap
GMGS.F 4.2xIndustry Avg. 0.9xNo. of Companies18PB00.61.21.82.43+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: GMGS.F is expensive based on its Price-To-Book Ratio (4.2x) compared to the Global Industrial REITs industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is GMGS.F's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GMGS.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio4.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate GMGS.F's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GMGS.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$27.32
US$24.68
-9.7%
10.7%US$27.57US$17.56n/a11
Nov ’25US$23.70
US$24.52
+3.5%
12.8%US$27.91US$15.80n/a11
Oct ’25US$22.82
US$24.91
+9.2%
12.8%US$28.14US$16.59n/a11
Sep ’25US$21.52
US$22.70
+5.5%
17.7%US$26.68US$13.23n/a12
Aug ’25US$20.69
US$21.78
+5.3%
17.3%US$26.21US$12.99n/a12
Jul ’25US$23.51
US$21.76
-7.5%
17.5%US$26.62US$13.20n/a12
Jun ’25US$23.15
US$21.06
-9.0%
15.9%US$25.24US$13.28n/a12
May ’25US$20.81
US$19.17
-7.9%
15.6%US$22.85US$12.73n/a13
Apr ’25US$21.62
US$19.47
-9.9%
15.4%US$22.93US$13.05n/a13
Mar ’25US$19.79
US$19.04
-3.8%
14.3%US$22.30US$12.95n/a13
Feb ’25US$16.49
US$16.86
+2.3%
8.7%US$18.68US$12.76n/a12
Jan ’25US$17.08
US$16.26
-4.8%
9.4%US$18.69US$12.76n/a12
Dec ’24US$14.95
US$15.95
+6.7%
12.3%US$18.77US$11.46n/a13
Nov ’24US$13.16
US$15.07
+14.5%
11.4%US$17.70US$10.94US$23.7013
Oct ’24US$13.67
US$15.39
+12.6%
11.3%US$17.81US$11.02US$22.8213
Sep ’24n/a
US$15.16
0%
11.8%US$18.08US$11.18US$21.5214
Aug ’24US$13.32
US$15.05
+13.0%
10.3%US$16.90US$11.77US$20.6914
Jul ’24US$13.06
US$14.66
+12.3%
9.3%US$16.06US$11.46US$23.5114
Jun ’24US$12.97
US$14.37
+10.8%
9.4%US$15.84US$11.30US$23.1513
May ’24US$12.72
US$14.97
+17.7%
7.2%US$16.16US$12.47US$20.8112
Apr ’24US$12.75
US$14.82
+16.2%
7.7%US$16.04US$12.38US$21.6212
Mar ’24US$13.40
US$14.89
+11.1%
8.2%US$16.28US$12.56US$19.7913
Feb ’24US$14.05
US$15.18
+8.0%
8.6%US$17.48US$12.79US$16.4913
Jan ’24US$11.58
US$14.41
+24.4%
9.5%US$16.61US$12.15US$17.0814
Dec ’23US$12.55
US$14.41
+14.8%
9.5%US$16.61US$12.15US$14.9514
Nov ’23US$10.68
US$15.39
+44.1%
8.9%US$17.24US$12.21US$13.1614

Analyst Forecast: Target price is lower than the current share price.

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