NZSE:GNZ's ROA % is ranked worse than 56.93% of 938
companies
in the REITs industry
Industry Median: 3.23
vs NZSE:GNZ: 2.78
Goodman New Zealand and Goodman Property Services (NZSE:GNZ) 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 (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 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 New Zealand and Goodman Property Services ROA % Related Terms
Goodman New Zealand and Goodman Property Services ROA % 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 ROA % 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 ROA % vs REITs Industry
* 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 (Sep. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Goodman New Zealand and Goodman Property Services (NZSE:GNZ) has a ROA % of 2.79% as of Sep. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. This is 68% below median its historical median of 8.78. According to the industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #534 out of 938 companies in the REITs industry, placing it in the top 56.9%.
Is Goodman New Zealand and Goodman Property Services' ROA % too high?
Goodman New Zealand and Goodman Property Services' current ROA % of 2.79% is 68% below median its 10-year median of 8.78. The REITs industry median ROA % is 3.23. Goodman New Zealand and Goodman Property Services' value of 2.79% is 13.6% below this industry median. Based on the distribution chart, Goodman New Zealand and Goodman Property Services ranks #534 out of 938 companies in the REITs industry, which is below the industry midpoint. 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' ROA % compare to PLD and PSA?
According to the REITs industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #534 out of 938 companies for ROA %. This places Goodman New Zealand and Goodman Property Services in the lower half of its industry. The industry median ROA % is 3.23. Goodman New Zealand and Goodman Property Services' value of 2.79% is 13.6% below this benchmark. While the company's 10-year median is 8.78 vs. the industry median of 3.23, Goodman New Zealand and Goodman Property Services has consistently been below 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 3.23, 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 New Zealand and Goodman Property Services's current ROA % of 2.79% is 13.6% below 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 New Zealand and Goodman Property Services and its competitors. For the REITs industry, the median ROA % is 3.23 — 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 ROA % is 2.79%, which is 68% below median its own 10-year median of 8.78. 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 ROA % is 2.79%, which is 68% below median its 10-year median of 8.78 and 13.6% below the REITs industry median of 3.23. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Goodman New Zealand and Goodman Property Services (NZSE:GNZ), the current ROA % is 2.79% 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:
ROA %: 2.79% (68% below median its 10-year median of 8.78)
GF Value™: NZ$1.57 vs. price of NZ$2.08 (32.5% above fair value)
Industry Position: 13.6% below the REITs median (#534 of 938)
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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