Goodman GroupFRA:MY4 -1.03%82 ROA % is 5.34% as of Dec. 2025, which is 41% below its 10-year median of 9.04. GuruFocus rates FRA:MY4 with a GF Score™ of 82/100 and a GF Value™ of €23.42 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 938 REITs companies, Goodman Group ranks better than 71.11% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Goodman Group's annualizedNet Income for the quarter that ended in Dec. 2025 was €936 Mil.
Goodman Group's average Total Assets over the quarter that ended in Dec. 2025 was €17,512 Mil. Therefore, Goodman Group's annualized ROA % for the quarter that ended in Dec. 2025 was 5.34%.
The historical rank and industry rank for Goodman Group's ROA % or its related term are showing as below:
FRA:MY4'
s ROA % Range Over the Past 10 Years
Min: -0.41 Med: 9.04 Max: 17.83
Current: 5.68
During the past 13 years, Goodman Group's highest ROA % was 17.83%. The lowest was -0.41%. And the median was 9.04%.
FRA:MY4's ROA % is ranked better than 71.11% of 938
companies
in the REITs industry
Industry Median: 3.22
vs FRA:MY4: 5.68
Goodman Group (FRA:MY4) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Goodman Group ROA % Related Terms
Goodman Group ROA % Historical Data
* Premium members only.
The historical data trend for Goodman Group's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Goodman Group's ROA % distribution charts can be found below:
* The bar in red indicates where Goodman Group's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Goodman Group (FRA:MY4) has a ROA % of 5.34% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Goodman Group and its competitors. This is 41% below median its historical median of 9.04. According to the industry distribution chart, Goodman Group ranks #271 out of 938 companies in the REITs industry, placing it in the top 28.9%.
Is Goodman Group's ROA % too high?
Goodman Group's current ROA % of 5.34% is 41% below median its 10-year median of 9.04. The REITs industry median ROA % is 3.22. Goodman Group's value of 5.34% is 65.8% above this industry median. Based on the distribution chart, Goodman Group ranks #271 out of 938 companies in the REITs industry, which is above the industry midpoint. Overall, Goodman Group has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Goodman Group's ROA % compare to VICI and WPC?
According to the REITs industry distribution chart, Goodman Group ranks #271 out of 938 companies for ROA %. This puts Goodman Group in the upper half of its industry. The industry median ROA % is 3.22. Goodman Group's value of 5.34% is 65.8% above this benchmark. While the company's 10-year median is 9.04 vs. the industry median of 3.22, 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.22, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goodman Group's current ROA % of 5.34% is 65.8% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Goodman Group and its competitors. For the REITs industry, the median ROA % is 3.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodman Group's current ROA % is 5.34%, which is 41% below median its own 10-year median of 9.04. 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 €23.42, compared to a current price of €19.17 — trading 18.1% below its estimated fair value. The current ROA % is 5.34%, which is 41% below median its 10-year median of 9.04 and 65.8% above the REITs industry median of 3.22. Goodman Group's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Goodman Group (FRA:MY4), the current ROA % is 5.34% 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 18.1% below its estimated GF Value™ of €23.42.
GuruFocus considers Goodman Group to be Modestly Undervalued.
Key valuation signals for FRA:MY4:
ROA %: 5.34% (41% below median its 10-year median of 9.04)
GF Value™: €23.42 vs. price of €19.17 (18.1% below fair value)
Industry Position: 65.8% above the REITs median (#271 of 938)
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.
82GF Score
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