Goodman Group

OTCPK:GMGS.F Stock Report

Market Cap: US$44.9b

Goodman Group Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: GMGS.F ($21.11) is trading above our estimate of future cash flow value ($8.86)

Significantly Below Future Cash Flow Value: GMGS.F is trading above our estimate of future cash flow value.

Key Valuation Metric

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

Key metric: As GMGS.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GMGS.F. This is calculated by dividing GMGS.F's market cap by their current earnings.
What is GMGS.F's PE Ratio?
PE Ratio38.1x
EarningsAU$1.67b
Market CapAU$63.43b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GMGS.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.2x
PLD Prologis
38.9x4.15%US$132.2b
EGP EastGroup Properties
39.5x8.95%US$10.2b
FR First Industrial Realty Trust
31.6x5.27%US$8.0b
REXR Rexford Industrial Realty
42.8x8.36%US$8.9b
GMGS.F Goodman Group
38.1x16.42%US$63.4b

Price-To-Earnings vs Peers: GMGS.F is good value based on its Price-To-Earnings Ratio (38.1x) compared to the peer average (38.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
GMGS.F 38.1xIndustry Avg. 17.5xNo. of Companies16PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GMGS.F is expensive based on its Price-To-Earnings Ratio (38.1x) compared to the Global Industrial REITs industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

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

GMGS.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GMGS.F's Price-To-Earnings 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$21.11
US$25.72
+21.87%
9.11%US$29.13US$20.36n/a13
Feb ’27US$21.05
US$25.65
+21.90%
9.39%US$28.90US$20.20n/a13
Jan ’27US$21.15
US$24.86
+17.53%
9.62%US$27.78US$19.41n/a13
Dec ’26US$18.25
US$24.44
+33.95%
9.62%US$27.15US$18.97n/a13
Nov ’26US$23.92
US$24.80
+3.68%
9.11%US$27.16US$18.98n/a13
Oct ’26US$20.20
US$25.02
+23.86%
9.41%US$27.45US$19.18n/a13
Sep ’26US$22.64
US$24.71
+9.15%
9.41%US$27.11US$18.94n/a13
Aug ’26US$21.50
US$24.34
+13.21%
9.53%US$26.57US$18.38n/a12
Jul ’26US$22.50
US$24.34
+8.20%
9.38%US$26.61US$18.41n/a12
Jun ’26US$20.96
US$23.48
+12.01%
9.91%US$25.79US$18.05n/a11
May ’26US$16.99
US$23.30
+37.11%
9.32%US$25.33US$17.73n/a11
Apr ’26US$18.65
US$23.25
+24.66%
9.21%US$25.11US$17.58n/a11
Mar ’26US$19.82
US$23.90
+20.60%
8.96%US$25.91US$17.77n/a11
Feb ’26US$22.72
US$24.16
+6.34%
11.16%US$26.73US$16.79US$21.0511
Jan ’26n/a
US$24.52
0%
10.50%US$27.00US$17.20US$21.1511
Dec ’25US$27.32
US$24.68
-9.66%
10.74%US$27.57US$17.56US$18.2511
Nov ’25US$23.70
US$24.42
+3.04%
12.85%US$27.80US$15.73US$23.9211
Oct ’25US$22.82
US$24.91
+9.18%
12.83%US$28.14US$16.59US$20.2011
Sep ’25US$21.52
US$22.82
+6.03%
17.71%US$26.81US$13.29US$22.6412
Aug ’25US$20.69
US$21.77
+5.24%
17.34%US$26.20US$12.99US$21.5012
Jul ’25US$23.51
US$21.76
-7.43%
17.45%US$26.63US$13.20US$22.5012
Jun ’25US$23.15
US$20.80
-10.14%
15.90%US$24.94US$13.12US$20.9612
May ’25US$20.81
US$19.38
-6.89%
15.64%US$23.09US$12.86US$16.9913
Apr ’25US$21.62
US$19.47
-9.93%
15.37%US$22.93US$13.05US$18.6513
Mar ’25US$19.79
US$19.13
-3.35%
14.35%US$22.40US$13.01US$19.8213
Feb ’25US$16.49
US$16.95
+2.79%
8.70%US$18.78US$12.83US$22.7212
US$24.93
Fair Value
15.3% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/16 21:36
End of Day Share Price 2026/02/13 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 24 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin BrayshawBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Andrew MacFarlaneBell Potter