Goodman New Zealand and Goodman Property Services (NZSE:GNZ) EV-to-FCF: 21.40 (As of Jul. 14, 2026) — 47% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NZSE:GNZ Goodman New Zealand Ltd and Goodman Property Services Ltd NZSE:GNZ
80 GF Score
Price NZ$2.09
GF Value NZ$1.56
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Goodman New Zealand and Goodman Property Services EV-to-FCF?

Goodman New Zealand and Goodman Property Services NZSE:GNZ +0.48% 80 EV-to-FCF is 21.40 as of Jul. 14, 2026, which is 47% below its 10-year median of 40.20. GuruFocus rates NZSE:GNZ with a GF Score™ of 80/100 and a GF Value™ of NZ$1.56 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 739 REITs companies, Goodman New Zealand and Goodman Property Services ranks better than 53.32% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Goodman New Zealand and Goodman Property Services's Enterprise Value is NZ$3,512.4 Mil. Goodman New Zealand and Goodman Property Services's Free Cash Flow for the trailing twelve months (TTM) ended in Sep. 2025 was NZ$164.1 Mil. Therefore, Goodman New Zealand and Goodman Property Services's EV-to-FCF for today is 21.40.

The historical rank and industry rank for Goodman New Zealand and Goodman Property Services's EV-to-FCF or its related term are showing as below:

NZSE:GNZ' s EV-to-FCF Range Over the Past 10 Years
Min: 21.4   Med: 40.2   Max: 53.26
Current: 21.4

During the past 13 years, the highest EV-to-FCF of Goodman New Zealand and Goodman Property Services was 53.26. The lowest was 21.40. And the median was 40.20.

NZSE:GNZ's EV-to-FCF is ranked better than
53.32% of 739 companies
in the REITs industry
Industry Median: 23.16 vs NZSE:GNZ: 21.40

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-14), Goodman New Zealand and Goodman Property Services's stock price is NZ$2.09. Goodman New Zealand and Goodman Property Services's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2025 was NZ$0.082. Therefore, Goodman New Zealand and Goodman Property Services's PE Ratio (TTM) for today is 25.49.


Goodman New Zealand and Goodman Property Services  (NZSE:GNZ) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Goodman New Zealand and Goodman Property Services's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=2.09/0.082
=25.49

Goodman New Zealand and Goodman Property Services's share price for today is NZ$2.09.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Goodman New Zealand and Goodman Property Services's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2025 was NZ$0.082.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Goodman New Zealand and Goodman Property Services EV-to-FCF Related Terms


Goodman New Zealand and Goodman Property Services EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Goodman New Zealand and Goodman Property Services's EV-to-FCF can be seen below:

* 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 EV-to-FCF Chart

Goodman New Zealand and Goodman Property Services Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.84 48.21 47.38 44.81 27.61

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
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 44.81 0.00 27.61 0.00

NZSE:GNZ vs PLD, PSA, EXR: EV-to-FCF Comparison

For the REIT - Industrial subindustry, Goodman New Zealand and Goodman Property Services's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs REITs Industry

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

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


NZSE:GNZ
80GF Score
Goodman New Zealand Ltd and Goodman Property Services Ltd NZSE:GNZ
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Goodman New Zealand and Goodman Property Services EV-to-FCF Calculation

Goodman New Zealand and Goodman Property Services's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3512.439/164.1
=21.40

Goodman New Zealand and Goodman Property Services's current Enterprise Value is NZ$3,512.4 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Goodman New Zealand and Goodman Property Services's Free Cash Flow for the trailing twelve months (TTM) ended in Sep. 2025 was NZ$164.1 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 21.40 mean?
Goodman New Zealand and Goodman Property Services (NZSE:GNZ) has a EV-to-FCF of 21.40 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. This is 47% below median its historical median of 40.20. Over the past decade, Goodman New Zealand and Goodman Property Services' EV-to-FCF has ranged from 21.40 to 53.26. According to the industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #345 out of 739 companies in the REITs industry, placing it in the top 46.7%.
Is Goodman New Zealand and Goodman Property Services' EV-to-FCF too high?
Goodman New Zealand and Goodman Property Services' current EV-to-FCF of 21.40 is 47% below median its 10-year median of 40.20. Over the past 10 years, this metric has ranged from a low of 21.40 to a high of 53.26. The REITs industry median EV-to-FCF is 23.16. Goodman New Zealand and Goodman Property Services' value of 21.40 is 7.6% below this industry median. Based on the distribution chart, Goodman New Zealand and Goodman Property Services ranks #345 out of 739 companies in the REITs industry, which is above the industry midpoint. Overall, Goodman New Zealand and Goodman Property Services has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Goodman New Zealand and Goodman Property Services' EV-to-FCF compare to PLD and PSA?
According to the REITs industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #345 out of 739 companies for EV-to-FCF. This puts Goodman New Zealand and Goodman Property Services in the upper half of its industry. The industry median EV-to-FCF is 23.16. Goodman New Zealand and Goodman Property Services' value of 21.40 is 7.6% below this benchmark. Historically, Goodman New Zealand and Goodman Property Services' own EV-to-FCF has ranged from 21.40 to 53.26 over the past decade. While the company's 10-year median is 40.20 vs. the industry median of 23.16, 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 EV-to-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 23.16, based on 739 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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 EV-to-FCF of 21.40 is 7.6% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. For the REITs industry, the median EV-to-FCF is 23.16 — 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 EV-to-FCF is 21.40, which is 47% below median its own 10-year median of 40.20. 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 (NZSE:GNZ) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$1.56, compared to a current price of NZ$2.09 — trading 34% above its estimated fair value. The current EV-to-FCF is 21.40, which is 47% below median its 10-year median of 40.20 and 7.6% below the REITs industry median of 23.16. Goodman New Zealand and Goodman Property Services' overall GF Score™ is 80/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Goodman New Zealand and Goodman Property Services (NZSE:GNZ), the current EV-to-FCF is 21.40 as of Jul. 14, 2026. 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 (NZSE:GNZ) Overvalued in 2026?

Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services stock appears to be overvalued. The current stock price of NZ$2.09 is trading 34% above its estimated GF Value™ of NZ$1.56. GuruFocus considers Goodman New Zealand and Goodman Property Services to be Significantly Overvalued.

Key valuation signals for NZSE:GNZ:

  • EV-to-FCF: 21.40 (47% below median its 10-year median of 40.20)
  • GF Value™: NZ$1.56 vs. price of NZ$2.09 (34% above fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 7.6% below the REITs median (#345 of 739)

No single metric tells the full story. See the NZSE:GNZ 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 EstateREITs
Other Exchanges NJK:Germany
Address 18 Viaduct Harbour Avenue, Victoria Street West, PO Box 90940, Level 2, KPMG Centre, Auckland, NSW, AUS, 1142
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.
80GF Score

Get the complete analysis for NZSE:GNZ

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

NZ$2.09
Price
NZ$1.56
GF Value