Goodman Group (FRA:MY4) Interest Coverage: 5.81 (As of Dec. 2025) — 92% Above Median


FRA:MY4 Goodman Group FRA:MY4
83 GF Score
Price €19.17
GF Value €26.48
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Goodman Group Interest Coverage?

Goodman Group FRA:MY4 -1.03% 83 Interest Coverage is 5.81 as of Dec. 2025, which is 92% above its 10-year median of 3.02. GuruFocus rates FRA:MY4 with a GF Score™ of 83/100 and a GF Value™ of €26.48 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 702 REITs companies, Goodman Group ranks worse than 142450% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Goodman Group's Operating Income for the six months ended in Dec. 2025 was €214 Mil. Goodman Group's Interest Expense for the six months ended in Dec. 2025 was €-37 Mil. Goodman Group's interest coverage for the quarter that ended in Dec. 2025 was 5.81. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Goodman Group's Interest Coverage or its related term are showing as below:


FRA:MY4's Interest Coverage is not ranked *
in the REITs industry.
Industry Median: 3.125
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Goodman Group  (FRA:MY4) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Goodman Group Interest Coverage Related Terms


Goodman Group Interest Coverage Historical Data

* Premium members only.

The historical data trend for Goodman Group's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Goodman Group Interest Coverage Chart

Goodman Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.34 3.61 2.43 7.46 1.58

Goodman Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Interest Coverage 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 11.32 2.10 0.62 0.00 5.81

FRA:MY4 vs VICI, WPC, BNL: Interest Coverage Comparison

For the REIT - Diversified subindustry, Goodman Group's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Group Interest Coverage vs REITs Industry

For the REITs industry and Real Estate sector, Goodman Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Goodman Group's Interest Coverage falls into.


FRA:MY4
83GF Score
Goodman Group FRA:MY4
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Goodman Group Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Goodman Group's Interest Coverage for the fiscal year that ended in Jun. 2025 is calculated as

Here, for the fiscal year that ended in Jun. 2025, Goodman Group's Interest Expense was €-180 Mil. Its Operating Income was €284 Mil. And its Long-Term Debt & Capital Lease Obligation was €2,664 Mil.

Interest Coverage=-1* Operating Income (A: Jun. 2025 )/Interest Expense (A: Jun. 2025 )
=-1*284.428/-180.117
=1.58

Goodman Group's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, Goodman Group's Interest Expense was €-37 Mil. Its Operating Income was €214 Mil. And its Long-Term Debt & Capital Lease Obligation was €2,364 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*214.323/-36.884
=5.81

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 5.81 mean?
Goodman Group (FRA:MY4) has a Interest Coverage of 5.81 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Goodman Group and its competitors. This is 92% above median its historical median of 3.02. Over the past decade, Goodman Group's Interest Coverage has ranged from 0.99 to 19.34. According to the industry distribution chart, Goodman Group ranks #999999 out of 702 companies in the REITs industry.
Is Goodman Group's Interest Coverage too high?
Goodman Group's current Interest Coverage of 5.81 is 92% above median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 19.34. The REITs industry median Interest Coverage is 3.13. Goodman Group's value of 5.81 is 85.9% above this industry median. Based on the distribution chart, Goodman Group ranks #999999 out of 702 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Goodman Group has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Goodman Group's Interest Coverage compare to VICI and WPC?
According to the REITs industry distribution chart, Goodman Group ranks #999999 out of 702 companies for Interest Coverage. This places Goodman Group in the lower half of its industry. The industry median Interest Coverage is 3.13. Goodman Group's value of 5.81 is 85.9% above this benchmark. Historically, Goodman Group's own Interest Coverage has ranged from 0.99 to 19.34 over the past decade. While the company's 10-year median is 3.02 vs. the industry median of 3.13, Goodman Group has consistently been above 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.13, based on 702 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goodman Group's current Interest Coverage of 5.81 is 85.9% above 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Goodman Group and its competitors. For the REITs industry, the median Interest Coverage is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodman Group's current Interest Coverage is 5.81, which is 92% above median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodman Group stock overvalued right now?
Based on GuruFocus' analysis, Goodman Group (FRA:MY4) is currently considered Modestly Undervalued. The stock's GF Value™ is €26.48, compared to a current price of €19.17 — trading 27.6% below its estimated fair value. The current Interest Coverage is 5.81, which is 92% above median its 10-year median of 3.02 and 85.9% above the REITs industry median of 3.13. Goodman Group's overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Goodman Group (FRA:MY4), the current Interest Coverage is 5.81 as of Dec. 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 Group (FRA:MY4) Overvalued in 2026?

Based on GuruFocus' analysis, Goodman Group stock appears to be undervalued. The current stock price of €19.17 is trading 27.6% below its estimated GF Value™ of €26.48. GuruFocus considers Goodman Group to be Modestly Undervalued.

Key valuation signals for FRA:MY4:

  • Interest Coverage: 5.81 (92% above median its 10-year median of 3.02)
  • GF Value™: €26.48 vs. price of €19.17 (27.6% below fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 85.9% above the REITs median (#999999 of 702)

No single metric tells the full story. See the FRA:MY4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Goodman Group Business Description

Industry Real EstateREITs
Other Exchanges GMGSF:USAGMG:Australia
Address 1-11 Hayes Road, The Hayesbery, Rosebery, GPO Box 4703, Sydney, NSW, AUS, 2018
Goodman Group owns, manages, and develops industrial properties in 13 countries, historically in Australia but increasingly worldwide. Around half of its operating earnings come from development, a third from management, and the rest from property investment. Most developments are undertaken on behalf of third parties or fund investors. Goodman earns fees in return for development management services. Completed projects are either sold or reside in one of Goodman's funds or partnerships. Goodman typically retains ownership stakes in the investment vehicles and continues to manage the sites after completion, collecting investment management base fees, performance fees, property services fees, and a share of rental income.
83GF Score

Get the complete analysis for FRA:MY4

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

€19.17
Price
€26.48
GF Value