Goodman New Zealand Ltd and Goodman Property Services Ltd has recorded a loss in operating income at least once over the past 3 years.
Goodman New Zealand and Goodman Property Services (NZSE:GNZ) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Goodman New Zealand and Goodman Property Services Operating Margin % Related Terms
Goodman New Zealand and Goodman Property Services Operating Margin % 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 Operating Margin % Chart
Goodman New Zealand and Goodman Property Services Annual Data
NZSE:GNZ vs PLD, PSA, EXR: Operating Margin % Comparison
For the REIT - Industrial subindustry, Goodman New Zealand and Goodman Property Services's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs REITs Industry
Goodman New Zealand and Goodman Property Services Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
* 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 (NZSE:GNZ) has a Operating Margin % of 70.17% as of Sep. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. This is near median its historical median of 72.13. According to the industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #154 out of 750 companies in the REITs industry, placing it in the top 20.5%.
Is Goodman New Zealand and Goodman Property Services' Operating Margin % too high?
Goodman New Zealand and Goodman Property Services' current Operating Margin % of 70.17% is near median its 10-year median of 72.13. The REITs industry median Operating Margin % is 52.67. Goodman New Zealand and Goodman Property Services' value of 70.17% is 33.2% above this industry median. Based on the distribution chart, Goodman New Zealand and Goodman Property Services ranks #154 out of 750 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Goodman New Zealand and Goodman Property Services has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Goodman New Zealand and Goodman Property Services' Operating Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #154 out of 750 companies for Operating Margin %. This places Goodman New Zealand and Goodman Property Services in the top 21% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 52.67. Goodman New Zealand and Goodman Property Services' value of 70.17% is 33.2% above this benchmark. While the company's 10-year median is 72.13 vs. the industry median of 52.67, Goodman New Zealand and Goodman Property Services 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 Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.67, based on 750 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % 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 Operating Margin % of 70.17% is 33.2% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. For the REITs industry, the median Operating Margin % is 52.67 — 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 Operating Margin % is 70.17%, which is near median its own 10-year median of 72.13. 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$1.57, compared to a current price of NZ$2.08 — trading 32.5% above its estimated fair value. The current Operating Margin % is 70.17%, which is near median its 10-year median of 72.13 and 33.2% above the REITs industry median of 52.67. Goodman New Zealand and Goodman Property Services' overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Goodman New Zealand and Goodman Property Services (NZSE:GNZ), the current Operating Margin % is 70.17% 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 (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$2.08 is trading 32.5% above its estimated GF Value™ of NZ$1.57.
GuruFocus considers Goodman New Zealand and Goodman Property Services to be Significantly Overvalued.
Key valuation signals for NZSE:GNZ:
Operating Margin %: 70.17% (near median its 10-year median of 72.13)
GF Value™: NZ$1.57 vs. price of NZ$2.08 (32.5% above fair value)
Industry Position: 33.2% above the REITs median (#154 of 750)
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
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
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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