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Goodman Property Trust
NZX:GMT

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Goodman Property Trust
NZX:GMT
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Price: 1.855 NZD -0.54% Market Closed
Market Cap: NZ$2.8B

P/S

9.9
Current
22%
Cheaper
vs 3-y average of 12.7

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
9.9
=
Market Cap
NZ$3B
/
Revenue
NZ$287.6m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
9.9
=
Market Cap
NZ$3B
/
Revenue
NZ$287.6m

Valuation Scenarios

Goodman Property Trust is trading below its 3-year average

If P/S returns to its 3-Year Average (12.7), the stock would be worth NZ$2.37 (28% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-72%
Maximum Upside
+41%
Average Downside
8%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 9.9 NZ$1.86
0%
3-Year Average 12.7 NZ$2.37
+28%
5-Year Average 14 NZ$2.62
+41%
Industry Average 7.1 NZ$1.32
-29%
Country Average 2.8 NZ$0.52
-72%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
NZ$3B
/
Oct 2025
NZ$287.6m
=
9.9
Current
NZ$3B
/
Mar 2026
NZ$196.7m
=
15.4
Forward
NZ$3B
/
Mar 2027
NZ$157.3m
=
19.2
Forward
NZ$3B
/
Mar 2028
NZ$169.6m
=
17.8
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

Higher than 92% of companies in New Zealand
Percentile
92st
Based on 236 companies
92st percentile
9.9
Low
0 — 1.3
Typical Range
1.3 — 4.2
High
4.2 —
Distribution Statistics
New Zealand
Min 0
30th Percentile 1.3
Median 2.8
70th Percentile 4.2
Max 20.7

Goodman Property Trust
Glance View

Market Cap
2.8B 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
1.789 NZD
Overvaluation 4%
Intrinsic Value
Price NZ$1.855
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