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Goodman New Zealand and Goodman Property Services (NZSE:GNZ) 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 New Zealand and Goodman Property Services PS Ratio Related Terms
Goodman New Zealand and Goodman Property Services PS Ratio 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 PS Ratio Chart
Goodman New Zealand and Goodman Property Services Annual Data
* 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 PS Ratio vs REITs Industry
Goodman New Zealand and Goodman Property Services 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 New Zealand and Goodman Property Services's Share Price of today is NZ$2.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Goodman New Zealand and Goodman Property Services's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2025 was NZ$0.19.
* 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 New Zealand and Goodman Property Services (NZSE:GNZ) has a PS Ratio of 10.70 as of Aug. 28, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. This is 21% below median its historical median of 13.62. Over the past decade, Goodman New Zealand and Goodman Property Services' PS Ratio has ranged from 9.34 to 20.46. According to the industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #743 out of 899 companies in the REITs industry, placing it in the top 82.6%.
Is Goodman New Zealand and Goodman Property Services' PS Ratio too high?
Goodman New Zealand and Goodman Property Services' current PS Ratio of 10.70 is 21% below median its 10-year median of 13.62. Over the past 10 years, this metric has ranged from a low of 9.34 to a high of 20.46. The REITs industry median PS Ratio is 6.50. Goodman New Zealand and Goodman Property Services' value of 10.70 is 64.6% above this industry median. Based on the distribution chart, Goodman New Zealand and Goodman Property Services ranks #743 out of 899 companies in the REITs industry, which is in the bottom quartile 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' PS Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #743 out of 899 companies for PS Ratio. This places Goodman New Zealand and Goodman Property Services in the lower half of its industry. The industry median PS Ratio is 6.50. Goodman New Zealand and Goodman Property Services' value of 10.70 is 64.6% above this benchmark. Historically, Goodman New Zealand and Goodman Property Services' own PS Ratio has ranged from 9.34 to 20.46 over the past decade. While the company's 10-year median is 13.62 vs. the industry median of 6.50, 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 PS Ratio for a REITs company?
The median PS Ratio among REITs companies is 6.50, based on 899 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio 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 PS Ratio of 10.70 is 64.6% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. For the REITs industry, the median PS Ratio is 6.50 — 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 PS Ratio is 10.70, which is 21% below median its own 10-year median of 13.62. 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$1.52, compared to a current price of NZ$2.00 — trading 31.6% above its estimated fair value. The current PS Ratio is 10.70, which is 21% below median its 10-year median of 13.62 and 64.6% above the REITs industry median of 6.50. Goodman New Zealand and Goodman Property Services' overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Goodman New Zealand and Goodman Property Services (NZSE:GNZ), the current PS Ratio is 10.70 as of Aug. 28, 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$2.00 is trading 31.6% above its estimated GF Value™ of NZ$1.52.
GuruFocus considers Goodman New Zealand and Goodman Property Services to be Significantly Overvalued.
Key valuation signals for NZSE:GNZ:
PS Ratio: 10.70 (21% below median its 10-year median of 13.62)
GF Value™: NZ$1.52 vs. price of NZ$2.00 (31.6% above fair value)
Industry Position: 64.6% above the REITs median (#743 of 899)
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 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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