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Goodman Property Trust
NZX:GMT

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Goodman Property Trust
NZX:GMT
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Price: 1.87 NZD -1.06% Market Closed
Market Cap: NZ$2.9B

EV/EBITDA

15.5
Current
39%
Cheaper
vs 3-y average of 25.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
15.5
=
Enterprise Value
NZ$3.3B
/
EBITDA
NZ$204.6m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
15.5
=
Enterprise Value
NZ$3.3B
/
EBITDA
NZ$204.6m

Valuation Scenarios

Goodman Property Trust is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (25.3), the stock would be worth NZ$3.05 (63% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+74%
Average Upside
41%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 15.5 NZ$1.87
0%
3-Year Average 25.3 NZ$3.05
+63%
5-Year Average 27 NZ$3.26
+74%
Industry Average 16.8 NZ$2.03
+8%
Country Average 18.3 NZ$2.2
+18%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
NZ$3.3B
/
Oct 2025
NZ$204.6m
=
15.5
Current
NZ$3.3B
/
Mar 2026
NZ$189m
=
17.6
Forward
NZ$3.3B
/
Mar 2027
NZ$156.1m
=
21.4
Forward
NZ$3.3B
/
Mar 2028
NZ$168.3m
=
19.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close

Market Distribution

In line with most companies in New Zealand
Percentile
36th
Based on 199 companies
36th percentile
15.5
Low
4.2 — 14.7
Typical Range
14.7 — 28.5
High
28.5 —
Distribution Statistics
New Zealand
Min 4.2
30th Percentile 14.7
Median 18.3
70th Percentile 28.5
Max 518.2

Goodman Property Trust
Glance View

Market Cap
2.9B NZD
Industry
Real Estate

In the bustling realm of commercial real estate, Goodman Property Trust stands out as a significant player, crafting a narrative of growth and strategic foresight. This New Zealand-based entity primarily focuses on industrial and business space properties, positioning itself at the heart of supply chain and logistics channels. The trust's portfolio is a tapestry of high-quality assets that cater to regionally pivotal sectors such as warehouse and distribution centers. By leveraging locations near key infrastructure points, Goodman ensures that its properties align with the logistical demands of global commerce, thereby attracting a cadre of tenants from top-tier, blue-chip companies looking to streamline their operations. Goodman's business model pivots on developing, owning, and managing these strategic assets to garner steady rental income and achieve capital appreciation. The trust is adept at identifying and acquiring properties that not only promise immediate returns but also hold potential for long-term value enhancement through astute development and management strategies. This capability allows Goodman to operate with a resilient balance sheet, providing its investors with a reliable income stream as well as opportunities for growth. The interplay between robust asset management and a deep-seated understanding of market dynamics enables Goodman Property Trust to maintain a stronghold in the industrial property sector, ultimately transforming space into sustainable value for stakeholders.

GMT Intrinsic Value
1.79 NZD
Overvaluation 4%
Intrinsic Value
Price NZ$1.87
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