Goodman New Zealand and Goodman Property Services (NZSE:GNZ) ROCE %: 4.31% (As of Sep. 2025)


NZSE:GNZ Goodman New Zealand Ltd and Goodman Property Services Ltd NZSE:GNZ
79 GF Score
Price NZ$2.08
GF Value NZ$1.57
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Goodman New Zealand and Goodman Property Services ROCE %?

Goodman New Zealand and Goodman Property Services NZSE:GNZ -0.95% 79 ROCE % is 4.31% as of Sep. 2025. GuruFocus rates NZSE:GNZ with a GF Score™ of 79/100 and a GF Value™ of NZ$1.57 (Significantly Overvalued). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Goodman New Zealand and Goodman Property Services's annualized ROCE % for the quarter that ended in Sep. 2025 was 4.31%.

Goodman New Zealand and Goodman Property Services  (NZSE:GNZ) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Goodman New Zealand and Goodman Property Services ROCE % Related Terms

Goodman New Zealand and Goodman Property Services ROCE % Historical Data

* Premium members only.

The historical data trend for Goodman New Zealand and Goodman Property Services's ROCE % 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.

Goodman New Zealand and Goodman Property Services ROCE % Chart

Goodman New Zealand and Goodman Property Services Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.55 18.42 -2.12 -12.88 4.37

Goodman New Zealand and Goodman Property Services Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.73 -20.07 3.64 4.82 4.31
NZSE:GNZ
79GF Score
Goodman New Zealand Ltd and Goodman Property Services Ltd NZSE:GNZ
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Goodman New Zealand and Goodman Property Services ROCE % Calculation

Goodman New Zealand and Goodman Property Services's annualized ROCE % for the fiscal year that ended in Mar. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=191.1/( ( (4716.9 - 372.5) + (4785.4 - 383.5) )/ 2 )
=191.1/( (4344.4+4401.9)/ 2 )
=191.1/4373.15
=4.37 %

Goodman New Zealand and Goodman Property Services's ROCE % of for the quarter that ended in Sep. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2025 )  (Q: Mar. 2025 )(Q: Sep. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2025 )  (Q: Mar. 2025 )(Q: Sep. 2025 )
=180.6/( ( (4785.4 - 383.5) + (4063.1 - 81.2) )/ 2 )
=180.6/( ( 4401.9 + 3981.9 )/ 2 )
=180.6/4191.9
=4.31 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 4.31% mean?
Goodman New Zealand and Goodman Property Services (NZSE:GNZ) has a ROCE % of 4.31% as of Sep. 2025.
Is Goodman New Zealand and Goodman Property Services' ROCE % too high?
Goodman New Zealand and Goodman Property Services' current ROCE % is 4.31%. The REITs industry median ROCE % is 5.21. Goodman New Zealand and Goodman Property Services' value of 4.31% is 17.3% below this industry median. 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' ROCE % compare to PLD and PSA?
Goodman New Zealand and Goodman Property Services' ROCE % of 4.31% can be compared against companies in the REITs industry. The industry median ROCE % is 5.21. Goodman New Zealand and Goodman Property Services' value of 4.31% is 17.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a REITs company?
The median ROCE % among REITs companies is 5.21, based on 757 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % of 4.31% is 17.3% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.21 — 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 ROCE % is 4.31%. 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 ROCE % is 4.31% and 17.3% below the REITs industry median of 5.21. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Goodman New Zealand and Goodman Property Services (NZSE:GNZ), the current ROCE % is 4.31% 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:

  • ROCE %: 4.31%
  • GF Value™: NZ$1.57 vs. price of NZ$2.08 (32.5% above fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 17.3% below the REITs median

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

Industry Real EstateREITs
Other Exchanges NJK:Germany
Address 18 Viaduct Harbour Avenue, Victoria Street West, PO Box 90940, Level 2, KPMG Centre, Auckland, NSW, AUS, 1142
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

Get the complete analysis for NZSE:GNZ

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NZ$2.08
Price
NZ$1.57
GF Value