Goodman New Zealand and Goodman Property Services (FRA:NJK) EBIT: €103.1 Mil (TTM As of Sep. 2025)

What is Goodman New Zealand and Goodman Property Services EBIT?

Goodman New Zealand and Goodman Property Services FRA:NJK 31 EBIT is €103.1 Mil as of Sep. 2025. GuruFocus rates FRA:NJK with a GF Score™ of 31/100 and a GF Value™ of €0.74 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Goodman New Zealand and Goodman Property Services's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2025 was €45.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2025 was €103.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Goodman New Zealand and Goodman Property Services's annualized ROC % for the quarter that ended in Sep. 2025 was 4.72%. Goodman New Zealand and Goodman Property Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 15.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Goodman New Zealand and Goodman Property Services's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 5.90%.

Goodman New Zealand and Goodman Property Services (FRA:NJK) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Goodman New Zealand and Goodman Property Services's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

	ROC % (Q: Sep. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2025 )	+	Invested Capital (Q: Sep. 2025 ))	/ count )
=	101.638 * ( 1 - 0.64% )	/	( (2510.268	+	1768.051)	/ 2 )
=	100.9875168	/	2139.1595
=	4.72 %

where

	Invested Capital		(Q: Mar. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2535.221	-	20.609	-	( 4.344	-	max(0, 203.172	-	1164.038	+	4.344	))
=	2510.268

	Invested Capital		(Q: Sep. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2036.33	-	30.02	-	( 266.526	-	max(0, 40.696	-	278.955	+	266.526	))
=	1768.051

Note: The Operating Income data used here is two times the semi-annual (Sep. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Goodman New Zealand and Goodman Property Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2025		Q: Sep. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	90.512	/	( ( (0.583 + max(1127.112, 0))	+	(5.012 + max(-27.916, 0)) )	/	2 )
=	90.512	/	( ( 1127.695	+	5.012 )	/	2 )
=	90.512	/	566.3535
=	15.98 %

where Working Capital is:

	Working Capital		(Q: Mar. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.265	+	0	+	1157.469)	-	(20.609	+	0.954	+	9.059)
=	1127.112

	Working Capital		(Q: Sep. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.659	+	0	+	8.77)	-	(30.02	+	1.253	+	9.072)
=	-27.916

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Goodman New Zealand and Goodman Property Services's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2025 )
	=	103.108	/	1748.255
	=	5.90 %

* 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 EBIT Related Terms

Goodman New Zealand and Goodman Property Services EBIT Historical Data

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The historical data trend for Goodman New Zealand and Goodman Property Services's EBIT can be seen below:

Goodman New Zealand and Goodman Property Services EBIT Chart

Goodman New Zealand and Goodman Property Services Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

EBIT

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400.63

486.74

-57.69

-326.03

101.24

Goodman New Zealand and Goodman Property Services Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25
EBIT	Get a 7-Day Free Trial															-74.14	-251.38	45.92	57.85	45.26

FRA:NJK vs PLD, PSA, EXR: EBIT Comparison

For the REIT - Industrial subindustry, Goodman New Zealand and Goodman Property Services's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* 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 EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Goodman New Zealand and Goodman Property Services's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Goodman New Zealand and Goodman Property Services's EV-to-EBIT falls into.

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31GF Score

Goodman New Zealand Ltd and Goodman Property Services Ltd FRA:NJK

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Goodman New Zealand and Goodman Property Services EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €103.1 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of €103.1 Mil mean?

Goodman New Zealand and Goodman Property Services (FRA:NJK) has a EBIT of €103.1 Mil as of Sep. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Goodman New Zealand and Goodman Property Services.

Is Goodman New Zealand and Goodman Property Services' EBIT too high?

Goodman New Zealand and Goodman Property Services' current EBIT is €103.1 Mil. Overall, Goodman New Zealand and Goodman Property Services has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Goodman New Zealand and Goodman Property Services' EBIT compare to PLD and PSA?

Goodman New Zealand and Goodman Property Services' EBIT of €103.1 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a REITs company?

A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Goodman New Zealand and Goodman Property Services. Goodman New Zealand and Goodman Property Services's current EBIT is €103.1 Mil. 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?

Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services (FRA:NJK) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.74, compared to a current price of €1.00 — trading 35.1% above its estimated fair value. The current EBIT is €103.1 Mil. Goodman New Zealand and Goodman Property Services' overall GF Score™ is 31/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Goodman New Zealand and Goodman Property Services (FRA:NJK), the current EBIT is €103.1 Mil 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 €1.00 is trading 35.1% above its estimated GF Value™ of €0.74. GuruFocus considers Goodman New Zealand and Goodman Property Services to be Significantly Overvalued.

Key valuation signals for FRA:NJK:

EBIT: €103.1 Mil
GF Value™: €0.74 vs. price of €1.00 (35.1% above fair value)
GF Score™: 31/100 with 7 warning signs

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 and Goodman Property Services Business Description

Industry Real Estate REITs

Comparable Companies NZSE:PFI PLD PSA EXR LSE:SGRO EGP LINE SGX:A17U CUBE FR REXR MEX:FIBRAPL14 STAG TRNO XBRU:WDP LSE:LMP LSE:BBOX SGX:M44U TSE:3283 COLD

Other Exchanges GNZ:New Zealand

Address 18 Viaduct Harbour Avenue, Victoria Street West, PO Box 90940, Level 2, KPMG Centre, Auckland, NSW, AUS, 1142

Website https://www.goodman.com

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.

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Get the complete analysis for FRA:NJK

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.00

Price

€0.74

GF Value

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