Goodman Group

A$27.84As of Sun 8 Nov 2026, 12:00 UTC

ASX:GMGReal Estate

Country Australia

PE (Fwd) •••

TSR 10Y CAGR 17.61%

Div yield 1.08%

ROE 11.52%

REIT (Diversified)

Beta (5Y) 1.10

PE TTM 20.95

TSR TTM (12.10%)

Mkt cap A$56.93B

ROIC 7.18%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$34

23.81%

59.31%

Hold 7|3|12|4|5

TTM

FYE 30 Jun AUD

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

13.07

Revenue$B

14.50

15.27

15.92

16.73

17.24

17.99

18.40

19.22

19.51

20.72

14.42

3.75%

3.89%

10.95

Revenue growth%

27.83

26.27

28.16

30.24

32.33

32.41

29.85

28.79

29.31

30.66

23.14

29.85

29.58

22.32

Gross margin%

22.47

19.92

19.97

20.23

18.29

20.09

21.13

18.42

16.55

14.24

23.25

18.42

19.94

24.89

Operating margin%

5.84

7.51

6.46

5.64

8.57

7.20

8.71

6.17

5.21

2.84

20.96

6.17

6.32

28.94

Net margin%

12.52

13.09

14.25

13.33

10.38

9.20

9.55

10.53

13.51

12.80

2.53

10.53

12.66

11.01

P/E ratio (avg)x

28.65

32.36

33.65

39.48

38.84

40.33

41.13

45.55

49.43

48.46

28.14

45.55

39.91

15.57

EV/EBITx

8.654

8.188

7.763

7.423

6.998

7.661

8.302

9.392

9.074

8.550

36.19

8.550

8.245

23.88

FCF yield (avg)%

25.03

26.24

25.23

25.32

25.51

25.52

27.23

24.37

23.51

24.15

19.06

24.37

25.27

18.33

FCF margin%

32.33

32.23

31.47

33.75

32.31

33.61

30.92

31.27

32.62

34.14

23.31

32.62

32.32

1.185

FCF / Net incomex

2.264

2.210

2.574

2.743

2.973

3.218

3.546

3.617

4.318

4.851

1.238

3.617

3.096

16.61

ROIC%

25.08

27.81

29.63

28.06

25.75

23.58

20.87

20.52

20.89

21.35

26.47

20.89

24.33

13.14

Return on equity%

12.04

13.14

15.47

13.03

12.22

9.48

7.41

8.17

8.96

8.97

24.46

8.96

10.76

17.51

Return on assets%

10.00

11.90

9.84

8.76

8.44

10.01

11.05

9.03

6.97

6.52

23.74

9.03

9.43

1.11

EPS$

4.20

4.68

5.21

5.50

5.72

6.55

6.60

7.71

8.25

9.45

1.24

10.56%

8.64%

—

11.70

EPS growth%

3.31

1.48

1.53

2.66

4.59

5.43

4.33

6.88

7.62

7.61

7.02

6.88

4.46

0.51

Bookvalue per sh$

1.41

1.54

1.78

1.93

2.16

2.23

2.21

2.47

2.77

2.53

7.45%

6.43%

—

3.55

FCF per share$

3.72

4.15

4.72

4.37

4.60

5.32

5.06

5.81

5.90

5.96

2.47

5.30%

4.80%

—

3.31

Dividend per sh$

1.35

1.54

1.49

1.40

1.59

1.70

1.74

1.64

1.71

1.63

1.72

0.45%

2.80%

—

6.24

Div yield (avg)%

11.74

9.48

7.98

8.46

9.25

11.49

8.78

9.18

11.22

13.98

8.00

11.22

9.37

18.30

Payout ratio%

8.24

5.68

3.30

2.76

4.56

4.27

1.63

0.40

0.80

26.99

0.80

3.03

2.096

Shares (diluted)B

1.755

1.560

1.424

1.359

1.392

1.260

1.316

1.298

1.213

1.074

2.069

(5.06%)

(5.80%)

20.50

Buyback yield%

5.41

4.86

5.04

6.76

4.74

2.97

2.25

1.31

1.18

0.40

23.89

1.31

3.85

1.293

D/E ratiox

0.773

0.700

0.779

0.755

0.795

0.793

0.856

0.822

0.877

0.989

0.124

0.856

0.794

21.71

Enterprise value$B

10.91

11.63

13.57

14.78

16.50

18.72

21.98

24.10

23.52

24.59

3.060

8.31%

9.32%

11.93

LT debt$B

12.17

13.89

15.42

16.07

18.97

22.21

24.32

27.05

29.06

34.06

20.47

12.42%

11.56%

Peers (US$39.10B)

Cap (US$)

Stockland

7.659B

11.22x

Charter Hall Group

7.199B

44.23x

The GPT Group

6.815B

9.453x

VICI Properties Inc.

27.30B

11.48x

Capital

TTM

10Y

Leveragex

0.943

0.426

0.420

EBIT/Intx

1.733

0.310

0.305

Own earn%

(0.76)

(55.65)

(59.37)

Sh yield%

26.73

12.41

14.17

Owners

Insiders/Inst%

11.32

36.54

Short interest%

1.47

SBC / revenue%

1.04

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

3–9

$1 testx

0.5

Incr. ROIC%

Goodman Group owns, develops and manages high quality, sustainable logistics properties and data centres in major global cities, with operations in key consumer markets across Australia, New Zealand, Asia, Europe, the United Kingdom and the Americas. The Group's property portfolio includes logistics and distribution centres, warehouses, light industrial, multi-storey industrial, business parks and data centres.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$20.72B

3.89%

1.00×

Cost of revenue

$12.59B

3.74%

0.99×

Operating expenses

$4.140B

4.68%

1.08×