Goodman GroupFRA:MY4 -0.03%86 PB Ratio is 2.73 as of Jul. 13, 2026, which is 8% above its 10-year median of 2.53. GuruFocus rates FRA:MY4 with a GF Score™ of 86/100 and a GF Value™ of €26.82 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 929 REITs companies, Goodman Group ranks worse than 93.86% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-13), Goodman Group's share price is €17.97. Goodman Group's Book Value per Share for the quarter that ended in Dec. 2025 was €6.59. Hence, Goodman Group's PB Ratio of today is 2.73.
The historical rank and industry rank for Goodman Group's PB Ratio or its related term are showing as below:
FRA:MY4'
s PB Ratio Range Over the Past 10 Years
Min: 1.41 Med: 2.53 Max: 4.13
Current: 2.58
During the past 13 years, Goodman Group's highest PB Ratio was 4.13. The lowest was 1.41. And the median was 2.53.
FRA:MY4's PB Ratio is ranked worse than 93.86% of 929
companies
in the REITs industry
Industry Median: 0.86
vs FRA:MY4: 2.58
During the past 12 months, Goodman Group's average Book Value Per Share Growth Rate was 17.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Goodman Group was 14.90% per year. The lowest was -36.00% per year. And the median was 8.75% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Goodman Group PB Ratio Related Terms
Goodman Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Goodman Group's PB Ratio 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.
For the REIT - Diversified subindustry, Goodman Group's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Goodman Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Goodman Group's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Goodman Group's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Goodman Group (FRA:MY4) has a PB Ratio of 2.73 as of Jul. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Goodman Group and its competitors. This is near median its historical median of 2.53. Over the past decade, Goodman Group's PB Ratio has ranged from 1.41 to 4.13. According to the industry distribution chart, Goodman Group ranks #872 out of 929 companies in the REITs industry, placing it in the top 93.9%.
Is Goodman Group's PB Ratio too high?
Goodman Group's current PB Ratio of 2.73 is near median its 10-year median of 2.53. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 4.13. The REITs industry median PB Ratio is 0.86. Goodman Group's value of 2.73 is 217.4% above this industry median. Based on the distribution chart, Goodman Group ranks #872 out of 929 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Goodman Group has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Goodman Group's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Goodman Group ranks #872 out of 929 companies for PB Ratio. This places Goodman Group in the lower half of its industry. The industry median PB Ratio is 0.86. Goodman Group's value of 2.73 is 217.4% above this benchmark. Historically, Goodman Group's own PB Ratio has ranged from 1.41 to 4.13 over the past decade. While the company's 10-year median is 2.53 vs. the industry median of 0.86, 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.86, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goodman Group's current PB Ratio of 2.73 is 217.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Goodman Group and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodman Group's current PB Ratio is 2.73, which is near median its own 10-year median of 2.53. 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 Possible Value Trap. The stock's GF Value™ is €26.82, compared to a current price of €17.97 — trading 33% below its estimated fair value. The current PB Ratio is 2.73, which is near median its 10-year median of 2.53 and 217.4% above the REITs industry median of 0.86. Goodman Group's overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Goodman Group (FRA:MY4), the current PB Ratio is 2.73 as of Jul. 13, 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 Group (FRA:MY4) Overvalued in 2026?
Based on GuruFocus' analysis, Goodman Group stock appears to be undervalued.
The current stock price of €17.97 is trading 33% below its estimated GF Value™ of €26.82.
GuruFocus considers Goodman Group to be Possible Value Trap.
Key valuation signals for FRA:MY4:
PB Ratio: 2.73 (near median its 10-year median of 2.53)
GF Value™: €26.82 vs. price of €17.97 (33% below fair value)
Industry Position: 217.4% above the REITs median (#872 of 929)
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 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.
86GF Score
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