Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Goodman New Zealand and Goodman Property Services Debt-to-EBITDA Related Terms
Goodman New Zealand and Goodman Property Services Debt-to-EBITDA Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Goodman New Zealand and Goodman Property Services Debt-to-EBITDA Chart
Goodman New Zealand and Goodman Property Services Annual Data
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Goodman New Zealand and Goodman Property Services Debt-to-EBITDA vs REITs Industry
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is two times the quarterly (Sep. 2025) EBITDA data.
Goodman New Zealand and Goodman Property Services (FRA:NJK) has a Debt-to-EBITDA of 4.67 as of Sep. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Goodman New Zealand and Goodman Property Services. This is 139% above median its historical median of 1.95. According to the industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #158 out of 572 companies in the REITs industry, placing it in the top 27.6%.
Is Goodman New Zealand and Goodman Property Services' Debt-to-EBITDA too high?
Goodman New Zealand and Goodman Property Services' current Debt-to-EBITDA of 4.67 is 139% above median its 10-year median of 1.95. The REITs industry median Debt-to-EBITDA is 6.51. Goodman New Zealand and Goodman Property Services' value of 4.67 is 28.3% below this industry median. Based on the distribution chart, Goodman New Zealand and Goodman Property Services ranks #158 out of 572 companies in the REITs industry, which is above the industry midpoint. Overall, Goodman New Zealand and Goodman Property Services has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Goodman New Zealand and Goodman Property Services' Debt-to-EBITDA compare to PLD and PSA?
According to the REITs industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #158 out of 572 companies for Debt-to-EBITDA. This puts Goodman New Zealand and Goodman Property Services in the upper half of its industry. The industry median Debt-to-EBITDA is 6.51. Goodman New Zealand and Goodman Property Services' value of 4.67 is 28.3% below this benchmark. While the company's 10-year median is 1.95 vs. the industry median of 6.51, Goodman New Zealand and Goodman Property Services has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.51, based on 572 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goodman New Zealand and Goodman Property Services's current Debt-to-EBITDA of 4.67 is 28.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Goodman New Zealand and Goodman Property Services. For the REITs industry, the median Debt-to-EBITDA is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodman New Zealand and Goodman Property Services's current Debt-to-EBITDA is 4.67, which is 139% above median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodman New Zealand and Goodman Property Services stock overvalued right now?
Goodman New Zealand and Goodman Property Services (FRA:NJK) has a current Debt-to-EBITDA of 4.67. The stock's GF Value™ is €0.74, compared to a current price of €0.98 — trading 31.8% above its estimated fair value. The current Debt-to-EBITDA is 4.67, which is 139% above median its 10-year median of 1.95 and 28.3% below the REITs industry median of 6.51. Goodman New Zealand and Goodman Property Services' overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Goodman New Zealand and Goodman Property Services (FRA:NJK), the current Debt-to-EBITDA is 4.67 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Goodman New Zealand and Goodman Property Services (FRA:NJK) Overvalued in 2026?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services stock appears to be overvalued.
The current stock price of €0.98 is trading 31.8% above its estimated GF Value™ of €0.74.
Key valuation signals for FRA:NJK:
Debt-to-EBITDA: 4.67 (139% above median its 10-year median of 1.95)
GF Value™: €0.74 vs. price of €0.98 (31.8% above fair value)
Industry Position: 28.3% below the REITs median (#158 of 572)
No single metric tells the full story. See the FRA:NJK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goodman New Zealand Ltd and Goodman Property Services Ltd, formerly known as Goodman Property Trust, is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.
79GF Score
Get the complete analysis for FRA:NJK
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:NJK has been successfully added to your 
