The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Goodman Property Trust's share price is NZ$2.16.
Goodman Property Trust's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$0.17. Hence, Goodman Property Trust's PS Ratio for today is 12.41.
Good Sign:
Goodman Property Trust stock PS Ratio (=14.44) is close to 5-year low of 13.07
The historical rank and industry rank for Goodman Property Trust's PS Ratio or its related term are showing as below:
NZSE:GMT'
s PS Ratio Range Over the Past 10 Years
Min: 7.5 Med: 12.36 Max: 20.46
Current: 13.25
During the past 13 years, Goodman Property Trust's highest PS Ratio was 20.46. The lowest was 7.50. And the median was 12.36.
NZSE:GMT's PS Ratio is ranked worse than 86.99% of 830
companies
in the REITs industry
Industry Median: 6.46
vs NZSE:GMT: 13.25
During the past 12 months, the average Revenue per Share Growth Rate of Goodman Property Trust was 14.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 4.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 3.90% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 1.90% per year.
During the past 13 years, Goodman Property Trust's highest 3-Year average Revenue per Share Growth Rate was 21.10% per year. The lowest was -24.10% per year. And the median was 0.80% per year.
* 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.
Competitive Comparison of Goodman Property Trust's PS Ratio
For the REIT - Industrial subindustry, Goodman Property Trust's PS Ratio, along with its competitors' market caps and PS 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 Property Trust's PS Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Goodman Property Trust's PS Ratio distribution charts can be found below:
* The bar in red indicates where Goodman Property Trust's PS Ratio falls into.
Goodman Property Trust PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Goodman Property Trust's Share Price of today is NZ$2.16.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Goodman Property Trust's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$0.17.
* 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:
Goodman Property Trust (NZSE:GMT) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Goodman Property Trust PS Ratio Related Terms
Thank you for viewing the detailed overview of Goodman Property Trust's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Goodman Property Trust (NZSE:GMT) Business Description
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 strategy 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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